Great Eastern profit attributable to shareholders grew 21% in Q3

It increased to $180.2m.

Insurance firm, Great Eastern, posted a growth of 21% in profit attributable to shareholders to $180.2m in the third quarter (Q3) of 2023.

In a financial statement, Great Eastern also documented total weighted new sales of $419.4m, growing 5% from $398.8m in Q3 2023.

The insurance business said their underlying business is healthy but muted by higher medical claims in Singapore and Malaysia.

The capital adequacy ratios of the group's subsidiaries, meanwhile, were strong and above minimum regulatory levels.

Great Eastern CEO Khor Hock Seng said their group continues to deliver sustainable value by engaging in partnerships and acquisitions in Malaysia and Singapore.