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.
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.
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