Great Eastern Holdings Limited · SGX:G07
Great Eastern — Q2 2011 Earnings Presentation
10 slides from Great Eastern's earnings presentation, Aug 3, 2011
Slide 1: Financial Results for Second Quarter 2011
With Great Eastern, you’re always covered FINANCIAL RESULTS FOR SECOND QUARTER 2011 3 AUGUST 2011 1
Slide 2: Review of Financial Results
Review of Financial Results 2
Slide 3: Highlights
Highlights Sales Total weighted new sales rose by 23% to S$363.6m in 1H‐11 Long‐term New business embedded value, or NBEV, grew strongly Profitability of New Sales across markets by 25% to S$157.2m in 1H‐11 Earnings Net profit surged 58% y‐o‐y to S$117.7m in Q2‐11 3
Slide 4: Sales
Sales On a half‐year basis, total weighted new sales rose by 23% to S$363.6m 23% Weighted new business premiums (S$ m) 4
Slide 5: Sales: Half-Year Comparison
Sales Half‐Year Comparison • Building on inroads made in Total Weighted New Sales (S$ m) bancassurance partnership with Bank OCBC NISP 23% 363.6 • Recruitment of highly productive 21.5 agents and increasing agency activity via training programmes 296.2 16.8 127.5 124.7 • Growth in bancassurance sale
Slide 6: Long Term Profitability of New Sales
Long Term Profitability of New Sales 1H NBEV grew strongly across markets by 25% to S$157.2m New business 44.3% 43.2% 43.3% 43.0% embedded 42.5% 41.8% 42.1% value/Total 40.5% weighted new sales 102.3 4.7 83.9 2.4 76.8 39.4 73.3 68.2 3.6 25% 2.5 57.6 2.8 New business 38.4 157.2 1.7 32.9 embedded 31.3
Slide 7: Long Term Profitability of New Sales: Half-Year Comparison
Long Term Profitability of New Sales NBEV grew strongly across markets by 25% in 1H‐11 to S$157.2m Half‐Year Comparison NBEV (S$ m) 25% 157.2 4.9 • Increase in NBEV achieved 125.8 through sales of regular premium 4.5 investment‐linked products 69.7 tailored to meet the needs of the young and affluen
Slide 8: Earnings
Earnings Net profit attributable to shareholders surged 58% y‐o‐y in Q2‐11 to S$117.7m Net Profit (S$ m) • Healthy underwriting performance • Better investment performance 8
Slide 9: Key Financials
Key Financials Overall, a strong set of results S$ m 1H‐11 1H‐10 ∆ Q2‐11 Q2‐10 ∆ Net Profit 276.4 253.5 9% 117.7 74.4 58% Total Weighted New Sales 363.6 296.2 23% 189.4 163.0 16% NBEV 157.2 125.8 25% 83.9 68.2 23% 9
Slide 10: Thank You
Thank You Life iS Great een 10
Great Eastern Holdings — Q2 2011 Earnings Presentation on 6ix