Great Eastern see earnings rise 13% YoY in Q1 2025

But total weighted new sales contracted by 34% YoY.

Great Eastern Holdings saw its first quarter (Q1 2025) profit attributable to shareholders expand 13% year-on-year (YoY) to $266.78m (S$345.5m).

This was driven by steady growth in the insurance business and positive investment performance contributing to gains in the shareholders’ fund, a press release said.

However, the group reported a 34% YoY decline in Total Weighted New Sales (TWNS) for Q1 2025, mainly due to reduced single premium sales as the business shifted toward regular premium offerings.

Despite the drop in TWNS, New Business Embedded Value (NBEV) rose by 19% YoY, supported by a more favourable product sales mix.

Group CEO Greg Hingston said Singapore’s growth was led by increased sales of protection, legacy, and regular premium investment-linked plans, whilst Malaysia saw stable performance from legacy and wealth accumulation products.

Affluent customer segments in Singapore also contributed through demand for tailored solutions, including the Group’s US dollar-denominated Single Premium Indexed Universal Life Plan and Single Premium Endowment Plan with index-linked returns.

Looking ahead, Hingston acknowledged a more challenging business environment due to rising global volatility, new trade measures, and geopolitical tensions.

The group said it remains focused on strengthening its distribution model and delivering targeted, data-driven propositions to meet evolving customer needs.

($1.00 = S$1.30)

Follow the link s for more news on

Great Eastern

Financial Statements

insurance

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia