Slide 1: Financial Results for Q1-2012
FINANCIAL RESULTS FOR Q1‐2012 4 May 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 1% YoY to S$176.8m in Q1‐12 Long‐term Profitability • New business embedded value (NBEV) Ï 14% YoY to S$83.8m in Q1‐12 of New Sales Earnings • Net profit Ï 65% YoY to S$262.5m in Q1‐12 4
Slide 5: Sales
Sales Q1‐12 total weighted new sales of S$176.8m, with significant shift from single to regular premium products 798.3 723.8 36.0 50.1 301.7 Weighted new business 289.9 + 1% premiums (S$ m) 228.8 174.6 189.6 204.9 460.6 176.8 176.8 383.8 7.6 11.7 7.6 56.6 54.8 56.6 112.6 108.1 112.6 2010 2011 Q1‐12
Slide 6: Sales
Sales Q1‐12 total weighted new sales of S$176.8m, with significant shift from single to regular premium products Total Weighted New Sales (S$ m) + 1% • Healthy sales of investment‐linked 176.8 products 174.6 11.7 7.6 54.8 56.6 • Continued, strong demand for regular premium products from bancassuranc
Slide 7: Long-Term Profitability of New Sales
Long‐Term Profitability of New Sales Q1‐12 NBEV grew strongly by 14% to S$83.8m, reflecting product mix improvement New business 52.4% embedded 45.7% 47.4% 47.4% 42.1% 42.2% 44.3% 42.5% value/Total weighted new 364.8 sales 8.2 304.9 New business 12.8 146.2 embedded + 14% value (S$ m) 128.6 120.0 87.
Slide 8: Long-Term Profitability of New Sales
Long‐Term Profitability of New Sales Q1‐12 NBEV grew strongly by 14% to S$83.8m, reflecting product mix improvement NBEV (S$ m) + 14 % 83.8 1.7 • Sustained sales momentum of 73.6 investment‐linked products 2.5 31.3 31.6 • Higher sales of protection plans 39.5 50.8 Q1‐11 Q1‐12 Singapore Malaysia Emer
Slide 9: Earnings
Earnings Q1‐12 Net profit attributable to shareholders rose by 65% to S$262.5m 507.2 Q1‐12 net profit supported by growth in underwriting profit and 140.0 better investment performance 385.7 53.3 + 65% 262.5 Net Profit 262.5 (S$ m) 63.8 63.8 460.0 411.8 158.7 23.6 117.7 26.7 68.9 226.4 40.4 226.4 15
Slide 10: Summing up - Key Financials
Summing up ‐ Key Financials S$ m Q1‐12 Q1‐11 ∆ Net Profit 262.5 158.7 65% Total Weighted New Sales 176.8 174.6 1% NBEV 83.8 73.6 14% Capital Adequacy Ratios* >200% >200% n.m. *For Great Eastern’s insurance subsidiaries in Singapore and Malaysia n.m. – non meaningful 10
Slide 11: Thank You
Thank You Great Eastern Life is Great A rmamber ofthe OCBC Croup 11