Gross premiums for 3Q17 increased 33% to $3.1 billion from $2.3 billion a year ago.
SINGAPORE (Oct 24): Great Eastern Holdings reported 3Q17 earnings ended Sept of $235.5 million, up 21% from $195 million a year ago largely due to the higher profit from insurance business. This brings 9M17 earnings to $732.9 million from $394.1 million a year ago.
Great Eastern’s Total Weighted New Sales (TWNS) increased 16% to $306.3 million from $264.7 million a year ago but New Business Embedded Value (NBEV) fell 10% to $116.7 million from $129.4 million.
