Singapore's domestic general insurance industry ended 2013 on a firm footing as it grew by 4.5 percent to S$3.5 billion (US$2.77 billion) in total gross premiums, a stable performance following the 5.4-percent expansion reported for 2012. While underwriting profit declined by 1.1 percent to S$285 million, overall loss ratio improved to 53.2 percent from 53.9 percent a year ago.