Slide 1: Financial Results for Q3-2012 & 9M-2012
FINANCIAL RESULTS FOR Q3‐2012 & 9M‐2012 2 Nov 2012
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: Agenda
Agenda Review of Financial Results Tony Cheong, Group CFO Recent Developments Chris Wei, Group CEO Q&A Panel 3
Slide 4: Review of Financial Results
Review of Financial Results 4
Slide 5: Highlights
Highlights Sales • Total weighted new sales Ï 1% YoY to S$574.7m in 9M‐12 Long‐term Profitability • New business embedded value (NBEV) Ï 6% to S$258.5m in 9M‐12 of New Sales •Net p profit was S$619.6m $ in Q Q3‐12,, compared p to S$40.4m $ in Q3‐11. Earnings •Excluding the F&N and APB sale, Q3‐12 ne
Slide 6: Sales (TWP) – By Market
Sales (TWP) – By Market 9M‐12 weighted sales was S$574.7m: • 5% growth in Singapore • Stable performance in Malaysia + 1% 569.5 574.7 28 6 28.6 23.3 ‐ 1% Weighted new business 206.2 199.7 premiums (S$ m) 228.8 204.9 202.5 190.0 7.3 197.1 174.6 6.9 175.3 10.1 10 1 8.6 7.5 334.7 351 7 351.7 11.7 95 6
Slide 7: Long-Term Profitability of New Sales (NBEV)
Long‐Term Profitability of New Sales (NBEV) 9M‐12 NBEV rose 6% to S$258.5m + 6% 258.5 244.8 5.5 6.1 + 1% New business 103.0 embedded 107.7 value (S$ m) 120.0 2.1 84.2 87.0 83.0 87.3 88.3 73.6 38.5 2.5 1.1 17 1.7 2.0 1.9 150.0 2.5 37.5 131.0 30.5 38.1 34.4 31.6 38.6 79.4 39.5 43.1 48.4 50.8 47.2 52.0
Slide 8: Earnings
Earnings • Q3‐12 net profit attributable to shareholders was S$619.6m, including a gain from F&N and APB sale • Excluding the one one‐off off gain, net profit was S$198m, compared to S$40.4m in Q3‐11 963.5 • Gain from F&N and APB sale + 204% • Continued growth in underwriting profit and mark‐to‐mark
Slide 9: Summing Up – Key Financials
Summing up ‐ Key Financials Summing Up – Key Financials S$ m 9M‐12 9M‐11 ∆ Q3‐12 Q3‐11 ∆ Net Profit 963.5 316.8 204% 619.6 40.4 nm Total Weighted New Sales 574 7 574.7 569 5 569.5 1% 202 5 202.5 204 9 204.9 ‐1% NBEV 258.5 244.8 6% 88.3 87.0 1% 18
Slide 10: Thank You
Thank You Great Eastern Life is Great Amamber ofthe OCBC Croup 10