Great Eastern Holdings (G07) Q1 2026 TU earnings summary

Executive summary

• Group profit attributable to shareholders was S$346.3m in 1Q-26, stable year-over-year despite a less favourable investment environment, supported by improved insurance profits and positive reserve releases.

• Achieved strong new business performance in 1Q-26, demonstrating resilience amid a volatile investment environment.

• Maintained robust fundamentals and disciplined execution of long-term strategy.

Financial highlights

• Total Weighted New Sales (TWNS) rose 16% year-over-year to S$401.9m in 1Q-26, reflecting sustained sales momentum, especially in Singapore.

• New Business Embedded Value (NBEV) increased 31% year-over-year to S$195.4m, mainly driven by higher sales and a favourable sales mix in Singapore.

• Profit attributable to shareholders was steady at S$346.3m, up marginally from S$345.5m in 1Q-25.

• Profit from insurance business grew 33% year-over-year to S$329.0m, underpinned by strong earnings emergence from the in-force portfolio.

• Profit from shareholders' fund dropped 82% year-over-year to S$17.3m, mainly due to weaker investment performance and mark-to-market losses.

Outlook and guidance

• Profits remained steady year-over-year, supported by strong underlying fundamentals and positive experience in insurance operations, despite a challenging investment environment.

• Positioned to navigate ongoing market uncertainty while continuing to invest in strategic priorities for sustainable growth.