Great Eastern bags $274m profit in Q1 2026

Total weighted new sales gained 16% YoY.

Great Eastern’s group profit attributable to shareholders during the first quarter of the year (Q1 2026) marginally increased by 0.23% year-on-year (YoY) to US$273.6m (S$346.3m).

The company said this was driven by improved insurance profits.

Total weighted new sales gained 16% YoY to US$317.5m (S$401.9m). Also, new business embedded value surged 31% YoY to US$154.4m (S$195.4m).

Profits from its insurance businesses, likewise, jumped 33% YoY to US$259.9m (S$329.0m).

“Our fundamentals remain robust, and the resilience of our business continues to be underpinned by disciplined execution of our long-term strategy. This positions us well to navigate ongoing market uncertainty, whilst maintaining the flexibility to continue investing in our strategic priorities and deliver sustainable growth as we move through the rest of the year,” Greg Hingston, CEO of Great Eastern said in a press release.

(US$1.00 = S$1.27)