Great Eastern Holdings Limited posted a 12 per cent year-on-year rise in profit attributable to shareholders to S$965.7 million for the nine months ended 30 September 2025, lifted largely by “robust investment results” from the shareholders’ fund despite softer new sales.
Total weighted new sales (TWNS) came in at S$1.08 billion, down 21 per cent YoY, reflecting lower single-premium sales in Singapore as the insurer pivoted its product mix toward longer-term savings and protection solutions. Earnings per share were not disclosed and the company did not declare any dividend in the period under review.
Segment performance showed mixed trends. While TWNS weakened, the more profitable product mix drove new business embedded value (NBEV) up 16 per cent YoY to S$498.7 million. In the most recent quarter (3Q-25), TWNS slid 5 per cent to S$373.1 million, but NBEV rose 17 per cent to S$182.2 million, underscoring margin expansion. The group said capital adequacy ratios across its insurance units remained “well above” regulatory minima.
The dip in sales was attributed to customers favouring regular-premium policies tailored to longer-term financial planning over single-premium savings products. This shift, together with disciplined expense management, supported profitability even as top-line growth moderated.
On strategy, the 117-year-old insurer outlined three growth pillars—expanding personalised propositions, deepening distribution through advisers and digital channels, and fostering an agile, innovation-driven workforce—to help customers “live well, plan with confidence and retire better”. It is also pursuing in-force portfolio management initiatives to sustain earnings quality.
Group chief executive officer Greg Hingston said the company delivered “solid performance” in a volatile market, citing improved investment income and “steady” underlying insurance contributions. He noted that while geopolitical tensions and interest-rate uncertainty may persist, management remains “steadfast” in executing its growth plans to “conclude the year on a solid footing”.
The insurer did not provide specific earnings or sales guidance but reiterated its focus on sustainable long-term growth, product mix optimisation and capital strength as key levers to navigate ongoing market turbulence.