[chartist kao]

ompany Profile
United Overseas Insurance Limited (“UOI” or “the Company”) is a limited liability company
incorporated and domiciled in Singapore and is listed on the Singapore Exchange Securities
Trading Limited.
The Company is a member of the United Overseas Bank Group. The holding company and
ultimate holding company of UOI is United Overseas Bank Limited (“UOB”), which is
incorporated in Singapore and owns 58.39% of the issued share capital of the Company.
On 3 June 2021, A.M. Best affirmed the Company’s financial strength rating of ‘A+’ (Superior)
and the long-term issuer credit rating of ‘aa-’ (Superior). The outlook of these credit ratings
remains stable. According to A.M. Best, the ratings reflect UOI’s balance sheet strength,
which A.M. Best categorises as very strong, as well as its very strong operating performance,
neutral business profile and appropriate enterprise risk management (ERM). In addition, the
ratings factor a positive impact from the Company’s ultimate majority ownership by UOB.
Nature of Business and Key Products
The Company’s principal activities are the underwriting of general insurance business and
reinsurance. General insurance covers a broad spectrum of classes of insurance, among
which are fire, marine, motor, engineering, general accident and liability business.