United Overseas Insurance Limited
United Overseas Insurance Limited engages in the underwriting general insurance business in Singapore, ASEAN countries, and internationally. The company offers personal insurance products, including travel, motor, accident protection, and home contents insurance products; and specialized insurance products, such as director's and officer's insurance, and contractor's all risk/erection all risks i… Read more
United Overseas Insurance Limited (IZB) - Net Assets
Latest net assets as of June 2025: €471.32 Million EUR
Based on the latest financial reports, United Overseas Insurance Limited (IZB) has net assets worth €471.32 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€613.72 Million) and total liabilities (€142.41 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €471.32 Million |
| % of Total Assets | 76.8% |
| Annual Growth Rate | 4.76% |
| 5-Year Change | 10.45% |
| 10-Year Change | 50.47% |
| Growth Volatility | 5.01 |
United Overseas Insurance Limited - Net Assets Trend (2013–2024)
This chart illustrates how United Overseas Insurance Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for United Overseas Insurance Limited (2013–2024)
The table below shows the annual net assets of United Overseas Insurance Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €468.74 Million | +5.94% |
| 2023-12-31 | €442.46 Million | +5.45% |
| 2022-12-31 | €419.58 Million | -6.39% |
| 2021-12-31 | €448.21 Million | +5.61% |
| 2020-12-31 | €424.40 Million | +1.46% |
| 2019-12-31 | €418.27 Million | +10.54% |
| 2018-12-31 | €378.37 Million | +0.21% |
| 2017-12-31 | €377.58 Million | +12.71% |
| 2016-12-31 | €335.00 Million | +7.54% |
| 2015-12-31 | €311.52 Million | +2.80% |
| 2014-12-31 | €303.04 Million | +7.87% |
| 2013-12-31 | €280.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to United Overseas Insurance Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 86.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €322.77 Million | 68.86% |
| Other Components | €145.97 Million | 31.14% |
| Total Equity | €468.74 Million | 100.00% |
United Overseas Insurance Limited Competitors by Market Cap
The table below lists competitors of United Overseas Insurance Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ultra Chip
TWO:3141
|
$94.60 Million |
|
Re Max Holding
NYSE:RMAX
|
$94.63 Million |
|
MCI Management SA
WAR:MCI
|
$94.64 Million |
|
JFB Construction Holdings Class A Common Stock
NASDAQ:JFB
|
$94.71 Million |
|
Pasifik Donanım ve Yazılım Bilgi Tek As
IS:PATEK
|
$94.53 Million |
|
OPTIMIZERx Corp
NASDAQ:OPRX
|
$94.52 Million |
|
STEICO SE
XETRA:ST5
|
$94.51 Million |
|
Asia Pacific Satellite Inc
KQ:211270
|
$94.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in United Overseas Insurance Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 442,461,000 to 468,742,000, a change of 26,281,000 (5.9%).
- Net income of 29,804,000 contributed positively to equity growth.
- Dividend payments of 12,842,000 reduced retained earnings.
- Other factors increased equity by 9,319,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €29.80 Million | +6.36% |
| Dividends Paid | €12.84 Million | -2.74% |
| Other Changes | €9.32 Million | +1.99% |
| Total Change | €- | 5.94% |
Book Value vs Market Value Analysis
This analysis compares United Overseas Insurance Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.87x to 0.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €6.17 | €5.40 | x |
| 2018-12-31 | €6.19 | €5.40 | x |
| 2019-12-31 | €6.84 | €5.40 | x |
| 2020-12-31 | €6.94 | €5.40 | x |
| 2021-12-31 | €7.33 | €5.40 | x |
| 2022-12-31 | €6.86 | €5.40 | x |
| 2023-12-31 | €7.24 | €5.40 | x |
| 2024-12-31 | €7.66 | €5.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently United Overseas Insurance Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 397.76%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.29x
- Recent ROE (6.36%) is below the historical average (8.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.74% | 44.99% | 0.11x | 2.00x | €-717.80K |
| 2014 | 9.30% | 44.73% | 0.11x | 1.90x | €-2.13 Million |
| 2015 | 7.18% | 44.62% | 0.09x | 1.79x | €-8.77 Million |
| 2016 | 6.90% | 31.75% | 0.12x | 1.81x | €-10.37 Million |
| 2017 | 8.73% | 40.74% | 0.13x | 1.71x | €-4.81 Million |
| 2018 | 6.30% | 34.56% | 0.11x | 1.61x | €-14.01 Million |
| 2019 | 9.66% | 43.02% | 0.15x | 1.52x | €-1.44 Million |
| 2020 | 5.68% | 21.88% | 0.17x | 1.50x | €-18.34 Million |
| 2021 | 18.53% | 69.86% | 0.18x | 1.46x | €38.24 Million |
| 2022 | 3.99% | 23.81% | 0.11x | 1.48x | €-25.22 Million |
| 2023 | 6.61% | 534.27% | 0.01x | 1.33x | €-14.98 Million |
| 2024 | 6.36% | 397.76% | 0.01x | 1.29x | €-17.07 Million |
Industry Comparison
This section compares United Overseas Insurance Limited's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $23,926,320,333
- Average return on equity (ROE) among peers: 5.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| United Overseas Insurance Limited (IZB) | €471.32 Million | 9.74% | 0.30x | $94.57 Million |
| United Insurance Holdings Corp (0UI) | $-182.04 Million | 0.00% | 0.00x | $223.21 Million |
| CNA FIN. DL 2,50 (CNH) | $8.55 Billion | 7.98% | 6.14x | $865.20 Million |
| Sunshine Insurance Group Company Limited (E57) | $63.41 Billion | 8.59% | 8.17x | $812.67 Million |