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Great Eastern Holdings reports 30% higher 3QFY2022 earnings of $278 mil from higher profit from insurance business

Felicia Tan
Felicia Tan • 3 min read
Great Eastern Holdings reports 30% higher 3QFY2022 earnings of $278 mil from higher profit from insurance business
In his statement, group CEO Khor Hock Seng says the business climate will be “challenging” in the near- to mid-term. Photo:
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Great Eastern Holdings (GEH), a member of the OCBC group, has reported earnings of $278.0 million for the 3QFY2022 ended Sept 30, 30% higher than earnings of $213.3 million in the corresponding period the year before.

The increase in earnings was driven by the higher profit from insurance business, says the group.

During the 3QFY2022, GEH’s total weighted new sales fell 27% y-o-y $403.4 million due to lower sales from the single premium plans and offset by better performance in regular premium sales.

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