Great Eastern H1 2025 profit inches up to S$593.7m on investments

Total Weighted New Sales (TWNS) fell 27% YoY.

Great Eastern Holdings saw its January to June (H1 2025) earnings inch up 1% year-on-year (YoY) to $463.1m (S$593.7m).

The group attributed the growth to solid investment performance and underlying insurance business stability, even as second-quarter profit dipped 11% year-on-year.

However, the insurer also recorded lower new insurance sales in H1 2025 but signalled confidence in its long-term strategy and growth outlook, with ongoing investment in product innovation and market expansion.

Total Weighted New Sales (TWNS) fell 27% YoY to $552.7m (S$708.6m) for the six months ending 30 June 2025, due to a shift away from single-premium products in Singapore.

Despite this, New Business Embedded Value (NBEV) grew 16% YoY to $247m (S$316.5m), reflecting stronger margins from a more favourable product mix.

($1.00 = S$1.28)