Great Eastern Holdings has disclosed earnings of $372 million for the third quarter of FY2025, reflecting a 36% increase compared to the same period last year. For the first nine months of FY2025, the insurer's earnings have reached $965.7 million, showing a 12% growth year-on-year.

The stronger bottom line over both periods primarily stems from robust investment outcomes from shareholders' funds coupled with moderate growth in the group's core insurance business.

Total weighted new sales (TWNS) for the third quarter of FY2025 have seen a 5% year-on-year decline to $373.1 million. This reduction is mainly attributed to lower single premium sales in Singapore, following a shift in product mix to align with emerging customer needs focused on long-term financial planning. For the first nine months of FY2025, TWNS fell by 21% year-on-year to $1.08 billion for similar reasons.

Despite this, an enhanced product mix has led to improved overall margins. Consequently, the group's new business embedded value (NBEV) increased year-on-year by 17% to $182.2 million for the third quarter and by 16% to $498.7 million for the first nine months of FY2025.

The capital adequacy ratios of Great Eastern’s insurance subsidiaries continue to stay robust and exceed the minimum regulatory levels.

Greg Hingston, Great Eastern’s group CEO, acknowledged the group's "solid performance" during the quarter amidst a "challenging" business landscape. He emphasized that the group remains "steadfast" in executing its growth strategy as it aims to finish the year strongly.

Shares in Great Eastern closed 2 cents higher, experiencing a 0.13% rise, at $15.04 on October 29.