Great Eastern (SGX:G07) posted SG$102.9 million in net profit for the third quarter, compared with SG$372.0 million a year ago, a Monday filing with the Singapore Stock Exchange showed.

For the three months ended Sept. 30, total weighted new sales were SG$362.4 million versus SG$ 373.1 million previously, the life insurance company said.

The group's new business embedded value rose to SG$208.2 million from SG$182.2 million.

Great Eastern shares dropped 4.9% in morning trading.