Great Eastern
Founded in 1908, Great Eastern provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. With over S$100 billion in assets and more than 10 million policyholders, including 7.5 million from government schemes, the group also operates in Indonesia and Brunei and has representative offices in China and Myanmar.
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
MAS unveils list of too-big-to-fail insurers, imposes higher capital requirements
The four initial insurers are to face a 25% capital add-on, boosting higher and lower supervisory intervention levels, CET1 and Tier 1.
Great Eastern collaborates with telco for home insurance plan
The insurer and Singtel unveiled a plan which covers various residential housing types.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.
Great Eastern and Intellect launch 24/7 mental health helpline for employees
This provides employees with personalised and immediate guidance.
Great Eastern reaches S$193.2m in profits for Q2
Its year-to-date profits reached S$437.2m.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
Koh Beng Seng bows out as Great Eastern chairman
He will step down from the post on 21 April.
Great Eastern’s profits down 30% to S$784.2m in FY2022
CEO Khor Hock Seng said that volatility of global financial markets impacted earnings.
Great Eastern’s profit attributable to shareholders dips 12% to $780.9m in 9M22
The decline was due to lower valiant of investment in the shareholder’s fund.
Chart of the Day: Which is the common type of investment for young people
Young people mostly invest their money in shares.
Chart of the Day: Singaporean youths' top financial goals
One-fifth of those aged 16 to 19 want to start a business before reaching 25.
Purpose-driven jobs top pick for career-seeking Gen Zs
Almost 40% of youths ranked meaningful work as the top factor in career choice.
Great Eastern Q1 shareholder profits plummets by 50%
The firm blames less favourable financial market conditions.
Great Eastern posts 16% increase in net profit in 2021
This translates to a total net profit of $1.1b.
Great Eastern profits down 26% to $213.3m QoQ
MoM, however, there is a 43% increase due to more favourable conditions.
Great Eastern reveals 102% higher earnings for H1
However, its Q2 profit fell by 22% to $232.3m.
GREAT Green SP insurance fully-subscribed, closed: Great Eastern
Customers may invest between S$5,000 and S$100,000.
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