Great Eastern Holdings (G07) Q4 2025 earnings summary

Executive summary

• Group profit attributable to shareholders rose 21% year-over-year to S$1,207.1m, driven by robust investment results and strong in-force portfolio earnings.

• New Business Embedded Value (NBEV) grew 19% year-over-year to S$739.7m, reflecting improved sales mix, channel productivity, and strong Singapore bancassurance growth.

• Total Weighted New Sales (TWNS) declined 15% year-over-year, mainly due to lower single premium sales in Singapore and a strategic shift to a diversified product mix.

• Total comprehensive income increased 24% year-over-year to S$1,491.3m, reflecting higher investment valuations amid strong financial markets.

• The Board recommended a final dividend of 30 cents per share, bringing the FY-25 total to 55 cents per share, payable on 6 May 2026, reflecting a 22% increase year-over-year after bonus issue adjustment.

Financial highlights

• Profit attributable to shareholders for 4Q-25 increased 79% compared to the same quarter last year.

• FY-25 NBEV up 19% year-over-year, with Singapore NBEV up 45% year-over-year.

• Profit from insurance business increased 12% year-over-year to S$816.2m, with steady business growth and improved experience variance.

• Profit from shareholders' fund surged 48% year-over-year to S$390.9m, reflecting favorable market conditions and higher investment gains.

• Other comprehensive income rose 37% year-over-year to S$284.2m, mainly from higher investment valuations.

Outlook and guidance

• NBEV growth expected to remain robust, supported by core channels in Singapore and disciplined business focus in Malaysia.

• Focus remains on sustainable growth through disciplined capital management, operational efficiency, and customer-centric product innovation.

• The business remains focused on strengthening fundamentals to capture opportunities as market conditions improve.

• Company aims to maintain progressive dividends, with each dividend amount no lower than the preceding one barring unforeseen circumstances.