Slide 1: Financial Results for Full-Year 2011
FINANCIAL RESULTS FOR Full‐Year 2011 14 FEBRUARY 2012
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements by Great Eastern Holdings Limited (“the Company”) relating to the Company’s (including its group of companies) outlook, business and strategy which involve assumptions, risks and uncertainties. Such forward looking statements are ba
Slide 3: Review of Financial Results
Review of Financial Results 3
Slide 4: Highlights
Highlights Sales • Total weighted new sales Ï 10% to S$798.3m in 2011 Long‐term • New business embedded value (NBEV) Ï 20% to S$364.8m Profitability in 2011 of New Sales • Net profit was S$385.7m in 2011, compared with S$507.2m Earnings a year ago • Final dividend of 27 cents per share proposed Divi
Slide 5: Sales
Sales Total weighted new sales rose by 10% to S$798.3m in 2011 + 10% 798.3 723.8 36.0 50.1 301.7 Weighted new business 289.9 premiums (S$ m) 237.9 228.8 189.8 189.6 204.9 460.6 163.0 19.2 7.3 383.8 133.2 174.2 10.3 6.9 14.1 95.3 11.5 95.6 9.9 77.9 6.9 70.0 54.6 72.8 45.0 79.7 105.7 123.4 108.1 106.5
Slide 6: Sales
Sales Total weighted new sales rose by 10% to S$798.3m in 2011 Total Weighted New Sales (S$ m) • Regular premium, investment‐linked + 10% 798.3 products to young & affluent 723.8 36.0 • Bancassurance reach‐out to SME 50.1 clientele through OCBC Malaysia 301.7 289.9 • Strong bancassurance sales with
Slide 7: Long-Term Profitability of New Sales
Long‐Term Profitability of New Sales 2011 NBEV grew strongly by 20% to S$364.8m New business 52.4% embedded 45.7% 43.2% 44.3% 42.1% 41.8% 40.5% 43.0% 42.1% 42.5% value/Total weighted new sales + 20% 364.8 8.2 304.9 New business 12.8 embedded 146.2 value (S$ m) 128.6 120.0 102.3 2.1 210.4 76.8 4.7 84
Slide 8: Long-Term Profitability of New Sales
Long‐Term Profitability of New Sales 2011 NBEV grew strongly by 20% to S$364.8m NBEV (S$ m) 364.8 + 20% 8.2 • Higher take‐up of regular premium, 304.9 investment‐linked policies 12.8 146.2 128.6 • Increased sales of protection‐based products 163.5 210.4 2010 2011 Singapore Malaysia Emerging Markets
Slide 9: Earnings
Earnings Net profit attributable to shareholders in 2011 was S$385.7m 507.2 140.0 385.7 Weaker investment 53.3 performance in 2H‐11 amid adverse investment climate impacted 2011 net profit Net Profit (S$ m) 460.0 179.1 168.6 411.8 158.7 49.3 36.3 23.6 117.7 85.1 26.7 68.9 74.4 40.4 16.3 38.1 151.9 1
Slide 10: Summing up - Key Financials
Summing up ‐ Key Financials S$ m Q4‐11 Q4‐10 ∆ 2011 2010 ∆ Net Profit 68.9 85.1 ‐19% 385.7 507.2 ‐24% Total Weighted New Sales 228.8 237.9 ‐4% 798.3 723.8 10% NBEV 120.0 102.3 17% 364.8 304.9 20% Return on Equity 8.6% 2.2% 6.4pp 9.7% 13.4% ‐3.7pp Capital Adequacy Ratios* >200% >200% n.m. >200% >200%
Slide 11: Thank You
Thank You Great Eastern Life is Great Armamber ef the OCBC Group 11