Great Eastern Holdings Limited · SGX:G07
Great Eastern — Q3 2016 Earnings Presentation
12 slides from Great Eastern's earnings presentation, Oct 25, 2016
Slide 1: Financial Results for Q3-16 and 9M-16 Supplementary Information
GREAT EASTERN HOLDINGS LIMITED Financial Results for Q3-16 and 9M-16 Supplementary Information 25 October 2016
Slide 2: Overview of Q3-16 and 9M-16 Financial Results
Overview of Q3-16 and 9M-16 Financial Results S$’m Q3-16 Q3-15 ∆ 9M-16 9M-15 ∆ Total Weighted New Sales^ 266.9 267.4 - 731.6 668.0 +10% New Business Embedded Value* 135.3 105.2 +29% 323.2 273.1 +18% Operating Profit (net of tax)# from 136.7 129.5 +6% 391.7 412.4 -5% Insurance Business Non-Operating
Slide 3: Q3-16 Key Highlights
Q3-16 Key Highlights • Group’s TWNS for Q3-16 remained strong at $266.9 million. Having started the year with TWNS of $220.1 million in Q1-16, our Group’s TWNS saw sustained quarter-on-quarter growth of around 10%. • NBEV for Q3-16 of $135.3 million was a 29% growth over the same quarter last year.
Slide 4: Total Weighted New Sales (TWNS) – By Market
Total Weighted New Sales (TWNS) – By Market Group’s TWNS for Q3-16 remained strong at $266.9 million. Having started the year with TWNS of $220.1 million in Q1-16, our Group’s TWNS saw sustained quarter-on-quarter growth of around 10%. - +10% 731.6 668.0 11.0 25.7 233.2 200.6 TWNS – By Market (S$ m)
Slide 5: Singapore TWNS – By Channel Mix
Singapore TWNS – By Channel Mix Singapore TWNS of $179.5 million for Q3-16 was 3% lower than Q3-15 mainly due to 9% drop in Agency sales. Singapore TWNS – By Channel Mix (S$ m) 4
Slide 6: Malaysia TWNS – By Channel Mix
Malaysia TWNS – By Channel Mix TWNS in Malaysia of $83.2 million for Q3-16 was 14% higher mainly due to 18% growth in Agency TWNS, driven by an increase in sales of regular premium investment-linked product. Malaysia TWNS – By Channel Mix (S$ m) Note: - For comparative reasons, TWNS figures prior to
Slide 7: New Business Embedded Value (NBEV) - By Market
New Business Embedded Value (NBEV)- By Market NBEV for Q3-16 of $135.3 million was a 29% growth over the same quarter last year contributed by higher NBEV margin. NBEV Margin (%) NBEV– By Market (S$ m) Note: - For comparative reasons, NBEV figures for periods prior to Q3-16 have been restated using
Slide 8: Breakdown of Profit from Insurance Business
Breakdown of Profit from Insurance Business Profit from insurance business was $154.2 million for Q3-16, 204% higher than Q3-15 due to higher operating profit and favourable financial market conditions which led to unrealised fair value gains in bond and equity portfolio. -10% +204% 366.0 330.5 Brea
Slide 9: Operating Profit from Insurance Business – by Fund
Operating Profit from Insurance Business – by Fund Operating Profit from Insurance Business for Q3-16 was $136.7 million, 6% higher than the same quarter last year with contribution from both our Singapore and Malaysia business. -5% 412.4 12.5 391.7 10.3 +6% 101.2 111.8 Operating Profit from 85.6 in
Slide 10: Profit from Shareholders' Fund
Profit from Shareholders’ Fund Profit from Shareholders’ Fund (net of tax) was $43.5 million for Q3-16, 126% higher than Q3-15 arising from realised gain on sale of investments in 2016 compared to realised loss on sale of investments in 2015. -65% 206.7 +126% 58.4 156.6 71.1 Profit from 19.4 Shareho
Slide 11: Group Profit Attributable to Shareholders
Group Profit Attributable to Shareholders Profit attributable to shareholders was $195.0 million for Q3-16, 185% higher compared with the same period last year due to higher operating profit and favourable financial market conditions. -30% 566.6 +185% Group Profit 206.7 394.1 Attributable to Shareho
Slide 12: Thank You
Thank You 11
Great Eastern Holdings — Q3 2016 Earnings Presentation on 6ix