United Overseas Insurance (SGX:U13) booked a 2% year over year decrease in its pre-tax profit for nine months ended Sept 30, to SG$22.1 million from SG$22.5 million, a filing with the Singapore Exchange said on Wednesday.
The company posted a higher insurance revenue of SG$79.4 million, up 14% from SG$69.5 million in the year-ago period, mainly due to release of contractual service margin for services.
The insurance provider's total assets increase by nearly 5% to SG$603.9 million from SG$577.5 million in the year-ago period.
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