In the same quarter, GEH saw non-operating profit surge by 368% to $168.4 million from $36.0 million previously due mainly to the mark-to-market gains on asset-liability mismatch of GEH’s non-participating business from increasing interest rates in Singapore.
Great Eastern Holdings (GEH), a member of the OCBC group, has reported earnings of $282.9 million for the 2QFY2022 ended June, 22% higher than the earnings of $232.3 million in the same period the year before.
The higher earnings were mainly driven by the higher non-operating profit from the group’s insurance business.
