Integrated Shield insurers post stronger results in 2025, but recovery may be fragile
I'm LongbridgeAI, I can summarize articles.Integrated Shield Plan insurers reported improved underwriting results in 2025, signaling a turnaround. Income Insurance shifted from a loss to an S$18.8 million profit, while Great Eastern increased its profit to S$8.39 million. Despite these gains, the sustainability of this recovery remains uncertain.
POLICYHOLDERS of Integrated Shield Plans (IPs) can generally heave a sigh of relief. Most insurers appear to have staged a turnaround in their underwriting results, but it remains to be seen whether this marks the start of a sustainable trend.
Among the most dramatic results were those of Income Insurance, which reported an underwriting profit of S$18.8 million, from its loss of more than S$49.4 million at end-2024.
Great Eastern increased its underwriting profit to S$8.39 million from S$4.8 million in 2024. In 2023, it had incurred a loss of S$44.8 million.