Three listed insurers in Singapore outperform MSCI world index

Great Eastern's earnings for the first quarter rose due mainly to higher profits from the Singapore insurance business offsetting losses from changes in the fair value of investments arising from unfavourable market conditions.
Great Eastern's earnings for the first quarter rose due mainly to higher profits from the Singapore insurance business offsetting losses from changes in the fair value of investments arising from unfavourable market conditions. PHOTO: ST FILE

The three listed insurance firms in Singapore have produced an 8.6 per cent total return so far this year, outperforming the 1.8 per cent gain in the MSCI World Insurance index.

The Singapore Exchange has three listed stocks in the insurance sector - Great Eastern, United Overseas Insurance and Singapore Reinsurance Corp - with a combined market value of $15.5 billion. Their 12 month-return is about 31.4 per cent.

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A version of this article appeared in the print edition of The Straits Times on May 28, 2018, with the headline 'Three listed insurers in S'pore outperform MSCI world index'. Print Edition | Subscribe