Great Eastern Holdings Limited has announced a significant growth in its financial results for the first quarter ending 31 March 2026. The Group’s New Business Embedded Value (NBEV) surged by 31% to S$195.4m, primarily driven by strong sales and an improved sales mix in Singapore. Total Weighted New Sales also saw a 16% increase compared to the same period last year, reflecting sustained momentum in the region.
The Group’s Profit Attributable to Shareholders remained steady at S$346.3m, despite a challenging investment environment. This stability was supported by improved insurance profits and a release in reserve, which highlighted positive experience and strong underlying fundamentals.
Greg Hingston, Group CEO, stated, “Great Eastern started the year with a strong new business performance, reflecting the strength of our underlying business despite a challenging and volatile investment environment. Our fundamentals remain robust, and the resilience of our business continues to be underpinned by disciplined execution of our long-term strategy.”
The Capital Adequacy Ratios of Great Eastern’s insurance subsidiaries remain strong, exceeding their respective minimum regulatory levels. This financial resilience positions the Group well to navigate ongoing market uncertainties whilst continuing to invest in strategic priorities.
Founded in 1908, Great Eastern is a leading insurance provider in Singapore and Malaysia, with operations extending to Indonesia and Brunei. As a subsidiary of OCBC, it benefits from the financial strength and stability of one of Southeast Asia’s largest financial services groups.
