Great Eastern Holdings (G07) investor relations material

Executive summary

• 9M-26 TWNS rose 9% to S$1,175.6m and NBEV increased 23% to S$613.5m, with Singapore leading sales growth.

• Strong insurance results cushioned weaker investment profit and the GELI disposal loss; net profit declined 1% to S$952.4m.

Financial highlights

• 9M-26 TWNS was S$1,175.6m; Q3-26 was S$362.4m, down 3% YoY.

• 9M-26 NBEV was S$613.5m, up 23%; Q3-26 was S$208.2m, up 14%, supported by a more favourable, diversified product mix.

• Profit from Insurance Business rose 19% to S$763.8m; core insurance profit increased 22% to S$742.7m.

• Net profit was S$952.4m versus S$965.7m; TCI fell 33% to S$807.2m as OCI swung to a S$145.2m loss from S$245.0m income.

• Shareholders’ Fund profit declined to S$188.6m from S$321.7m, mainly on lower investment gains.

Segment performance

• Singapore led TWNS growth, rising 11% to S$774.3m in 9M-26, despite some Q3 moderation.

• Malaysia TWNS increased 4% to S$377.1m, including 3% Q3 growth, amid subdued market conditions.

• Insurance Business profit benefited from higher CSM release and reserve releases, partly offset by claims pressure, particularly Malaysia medical, and weaker investment performance.

• Higher fee income partly offset increased Shareholders’ Fund expenses, primarily asset-management-related charges.