Great Eastern Holdings Limited · SGX:G07
Great Eastern — Q1 2014 Earnings Presentation
12 slides from Great Eastern's earnings presentation, Apr 28, 2014
Slide 1: Financial Results for Q1-14
GREAT EASTERN HOLDINGS LIMITED Financial Results for Q1‐14 Q1 14 Supplementary Information 28 April 2014
Slide 2: Overview of Q1-14 Financial Results
Overview of Q1‐14 Financial Results Q1‐14 Q1‐13 ∆ S$ million illi Total Weighted New Sales^ 225.9 201.9 +12% New Business i Embedded b dd d Value* l * 89.2 80.2 +11% Operating Profit from Insurance Business 143.3 131.2 +9% Non‐Operating Profit from Insurance Business 33.4 38.3 ‐13% Group Profit Attr
Slide 3: Q1-14 Key Highlights
Q1‐14 Key Highlights • TWNS rose 12% Y‐o‐Y to S$225.9m from broad based growth across distribution channels in Singapore g p and Malaysia y • NBEV increase of 11% Y‐o‐Y to S$89.2m largely in line with the sales performance • Operating profit from insurance business grew 9% Y‐o‐Y to S$143.3m on bette
Slide 4: Total Weighted New Sales (TWNS) – By Market
Total Weighted New Sales (TWNS) – By Market 12% Y‐o‐Y rise in Q1‐14 TWNS to S$225.9m: • Broad based growth across distribution channels in Singapore and Malaysia • Lower sales from emerging markets, partly a result of a lower contribution from its joint venture in China following the Group’s divestm
Slide 5: Singapore TWNS – By Product Mix
Singapore TWNS – By Product Mix Q1‐14 Singapore sales increased 18% Y‐o‐Y to S$157.2m from a combination of : • Agency channel maintained its strong sales trend for participating and protection products • Increasing contributions from the financial advisory channel, as it further expanded its distri
Slide 6: Malaysia TWNS – By Product Mix
Malaysia TWNS – By Product Mix Sales in Malaysia up 5% Y‐o‐Y to S$61.0m in Q1‐14: • Strong demand for conventional regular premium Investment‐linked products sold through agency channel was sustained into 2014, coupled with higher sales of savings products through bancassurance channel • Takaful bus
Slide 7: New Business Embedded Value (NBEV) – By Market
New Business Embedded Value (NBEV)‐ By Market • Q1‐14 NBEV increase of 11% Y‐o‐Y to S$89.2m largely in line with the sales performance NBEV Margin 39.7% 39.5% 39.7% 40.6% 39.8% 41.7% 39.5% (%) +11% +11% 127.7 105.7 109.4 1.9 89.2 2.1 17 1.7 89.2 80.2 80.2 44.3 NBEV – By 1.6 1.6 2.3 2.3 34.7 Market 3
Slide 8: Breakdown of Profit from Insurance Business
Breakdown of Profit from Insurance Business Q1‐14 profit from insurance business up 4% Y‐o‐Y to S$192.1m: • Increase in operating profit* on better performance of Non‐participating and Investment‐linked Funds, driven by profits from the Group’s growing in‐force business as sales rose steadily over t
Slide 9: Operating Profit from Insurance Business – by Fund
Operating Profit from Insurance Business – by Fund Operating profit grew 9% Y‐o‐Y to S$143.3m in Q1‐14, a net result of: • Increase in operating profit from Singapore Non‐participating Fund, resulting from business growth and lower claims • Higher Investment‐linked Fund operating profit mainly attri
Slide 10: Investments in Shareholders' Fund, Other Income and Expenses
Investments in Shareholders’ Fund, Other Income and Expenses • Higher Y‐o‐Y profit from investments in Shareholders’ Fund in Q1‐14, mainly the result of a gain of S$31.9m from the Group’s divestment of its stake in its China joint venture from 50% to 25% • Excluding the one‐off gain, profit from inv
Slide 11: Group Profit Attributable to Shareholders
Group Profit Attributable to Shareholders • Q1‐14 Group profit attributable to Shareholders increased 12% Y‐o‐Y to S$231.6m on higher contributions from the insurance business, as well as a one‐off gain from the Group’s divestment of its stake in its China joint venture from 50% to 25% +12% 282.8 +1
Slide 12: Thank You
Thank You Great Eastern Life is Great Amamber ofthe OCBC Croup 12
Great Eastern Holdings — Q1 2014 Earnings Presentation on 6ix