Great Eastern Holdings (the Group) has reported that profits attributable to shareholders climbed by 39% to S$860.5m ($645.4m) for the nine months ended 30 September 2024 (9M-24).
This net financial result was due to higher profit from insurance business and favourable investment performance from shareholders’ funds.
Other 9M-24 highlights are:
This reflected sustained sales momentum in Singapore and Malaysia.
|
S$ m
|
3Q-24
|
3Q-23
|
Change%
|
9M-24
|
9M-23
|
Change%
|
|
Total Weighted New Sales
|
390.8
|
419.4
|
-7
|
1,363.3
|
1,145.3
|
+19
|
|
New Business Embedded Value
|
176.9
|
165.1
|
+7
|
515.8
|
456.8
|
+13
|
|
|
|
|
|
|
|
|
|
Profit Attributable to Shareholders
|
273.4
|
180.2
|
+52
|
860.5
|
617.4
|
+39
|
Mr Greg Hingston joined the Group as group CEO on 1 November. He replaces Mr Khor Hock Seng who retired from the position on 31 October.