Great Eastern Holdings (G07) Q3 2025 earnings summary

Executive summary

• Profit attributable to shareholders rose 36% in 3Q-25 and 12% for 9M-25 year-over-year, driven by robust investment results and steady insurance business growth.

• New Business Embedded Value (NBEV) increased 17% in 3Q-25 and 16% in 9M-25 year-over-year, reflecting a favorable product mix and adaptation to customer needs.

• Total comprehensive income declined 8% year-over-year to S$1,210.7m, mainly due to lower other comprehensive income from reduced FX translation and equity fair value gains.

• The group celebrated its 117th anniversary, announcing strategic priorities focused on customer-centric growth and innovation.

Financial highlights

• Total Weighted New Sales (TWNS) declined 5% in 3Q-25 and 21% in 9M-25 year-over-year, mainly due to lower single premium sales in Singapore.

• NBEV growth offset lower sales, supporting long-term profitability.

• Profit from insurance business grew 1% year-over-year to S$644.0m, supported by steady business growth and improved claims variance.

• Profit from shareholders' fund surged 45% year-over-year to S$321.7m, aided by favorable market conditions and effective portfolio management.

• Capital Adequacy Ratios remain strong and above regulatory minimums.

Outlook and guidance

• Business remains focused on strengthening fundamentals to capture opportunities as market conditions improve, especially in Malaysia.

• Management expects continued market volatility and uncertainty due to global geopolitical factors.

• The group remains committed to executing its growth strategy and ending the year on solid footing.