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Great Eastern reports 26% drop in 3Q21 earnings

Atiqah Mokhtar
Atiqah Mokhtar • 2 min read
Great Eastern reports 26% drop in 3Q21 earnings
Earnings for the nine months ended Sept 30 stood at $883.2 million, 43% higher y-o-y.
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Great Eastern Holdings has reported 3QFY2021 ended September earnings of $213.3 million, a 26% decline y-o-y from $287.9 million previously.

This brings year-to-date earnings as of end-September to $883.2 million, 43% higher y-o-y.

Total weighted new sales (TWNS) for the 3QFY2021grew 29% y-o-y to $555.2 million. On a year-to-date basis, TWNS grew 45% y-o-y to $1.47 billion. Great Eastern attributes the strong growth to robust sales momentum in Singapore, which offset the negative impact on sales in Malaysia.

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