Slide 1: Financial Results for Q4-2012 & FY-2012
FINANCIAL RESULTS FOR Q4‐2012 & FY‐2012 8 February 2013
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements by Great Eastern Holdings Limited (“the Company”) relating to the Company’ss (including its group of companies) outlook, Company outlook business and strategy which involve assumptions, assumptions risks and uncertainties. uncertain
Slide 3: Review of Financial Results
Review of Financial Results 3
Slide 4: Highlights
Highlights Sales • Total weighted new sales ↑ 5% YoY to S$836.7m in FY‐12 Long‐term Profitability • New business embedded value (NBEV) ↓ 3% to S$352.7m in FY‐12 of New Sales • Net profit was S$1,189.1m in FY‐12, compared to S$385.7m in FY‐11 • Excluding the F&N and APB sale, FY‐12 net profit doubled
Slide 5: Sales (TWP) – By Market
Sales (TWP) – By Market FY‐12 weighted sales was S$836.7m: • Singapore: Performance driven by sale of regular premium products across all channels • Malaysia: y Strongg sales of investment‐linked p products across conventional and takaful operations 836.7 798.3 32.0 36 303.0 Weighted new 301.7 busin
Slide 6: Long-Term Profitability of New Sales (NBEV)
Long‐Term Profitability of New Sales (NBEV) NBEV of S$352.7m in FY‐12 and S$94.3m in Q4‐12 364.8 352.7 8.2 6.6 146.2 137.7 New business embedded ‐3% 3% value (S$ m) 120.0 2.1 87.0 87.3 88.3 94.3 94 3 210.4 208.4 73.6 84.2 83.0 1.1 1.1 38.5 2.0 2.0 2.5 1.7 2.5 37.5 34.8 38.6 30.5 38.1 34.3 31.6 79.4
Slide 7: Earnings
Earnings • FY‐12 net profit attributable to shareholders was S$1,189.1m, including the gain from F&N and APB sale • Excluding E l di theth disposal di l gain, i nett profit fit doubled d bl d to t a record d high hi h off S$767.5m S$767 5 1189.1 + 208% 421.6 227% Net Profit (S$ m) + 99% 221.5 619.6
Slide 8: Summing up - Key Financials
Summing up ‐ Key Financials Summing Up – Key Financials S$ m FY 12 FY‐12 FY 11 FY‐11 ∆ Q4 12 Q4‐12 Q4 11 Q4‐11 ∆ Net Profit 1,189.1 +208% 385.7 225.6 68.9 +227% Net Profit (excluding disposal gain) 767.5 +99% Total Weighted New Sales 836.7 798.3 +5% 262.3 228.8 +15% NBEV 352.7 364.8 ‐3% 94.3 120.0 ‐
Slide 9: End
Great Eastern Life is Great A member of the OCBE Group