Great Eastern Holdings Limited · SGX:G07
Great Eastern — Q1 2017 Earnings Presentation
12 slides from Great Eastern's earnings presentation, Apr 27, 2017
Slide 1: Financial Results for Q1-17 Supplementary Information
GREAT EASTERN HOLDINGS LIMITED Financial Results for Q1-17 Supplementary Information 27 April 2017 Disclaimer: This material should be read as an overview of GEH’s current business activities and operating environment. It should not be solely relied upon by investors or potential investors when maki
Slide 2: Overview of Q1-17 Financial Results
Overview of Q1-17 Financial Results S$’m Q1-17 Q1-16 ∆ Total Weighted New Sales^ 279.8 217.2 +29% New Business Embedded Value* 102.0 82.0 +24% Operating Profit (net of tax)# from Insurance 121.1 120.4 +1% Business Non-Operating Profit (net of tax)# from 44.7 -42.6 nm Insurance Business Profit (net o
Slide 3: Q1-17 Key Highlights
Q1-17 Key Highlights • Group’s TWNS was 29% higher at S$279.8 million for Q1-17, underpinned by strong growth in Singapore and Malaysia, particularly significant growth for Singapore’s bancassurance channel and also improvement in agency channel in both Singapore and Malaysia. • Led by the increase
Slide 4: Total Weighted New Sales (TWNS) – By Market
Total Weighted New Sales (TWNS) – By Market Higher Group’s TWNS of $279.8 million for Q1-17 compared to same quarter last year: • Driven by strong growth from both agency and bancassurance channels. TWNS – By Market (S$ m) Note: - For comparative reasons, TWNS figures for periods prior to Q1-17 have
Slide 5: Singapore TWNS – By Channel Mix
Singapore TWNS – By Channel Mix Higher TWNS in Singapore of $202.9 million (35% growth) for Q1-17: • Contributed by stronger sales across all channels, in particular bancassurance (45% growth). Singapore TWNS – By Channel Mix (S$ m) 5
Slide 6: Malaysia TWNS – By Channel Mix
Malaysia TWNS – By Channel Mix Higher TWNS in Malaysia of $72.3 million (14% growth) for Q1-17: • Fuelled by strong growth in Agency. +14% +14% 132.1 2.5 4.9 Malaysia TWNS – By Channel 79.9 79.6 72.3 72.3 Mix (S$ m) 63.5 63.5 2.3 2.1 4.1 7.2 3.7 4.1 2.7 4.3 2.7 4.3 5.9 5.9 124.7 63.9 70.4 73.8 63.9
Slide 7: New Business Embedded Value (NBEV) - By Market
New Business Embedded Value (NBEV)- By Market Robust growth in NBEV for Q1-17. Decline in overall NBEV margin mainly attributed to very strong YoY growth in Singapore’s Bancassurance sales. NBEV Margin (%) NBEV– By Market (S$ m) Note: - For comparative reasons, NBEV figures for periods prior to Q1-1
Slide 8: Breakdown of Profit from Insurance Business
Breakdown of Profit from Insurance Business Profit from insurance business of $165.8 million for Q1-17: • Higher non-operating profit mainly due to narrowing of credit spreads and rally in equity market. +113% +113% 77.8 165.8 77.8 154.2 165.8 98.5 125.2 Breakdown 44.7 17.5 44.7 of Profit 12.7 from
Slide 9: Operating Profit from Insurance Business – by Fund
Operating Profit from Insurance Business – by Fund Operating Profit from Insurance Business of $121.1 million for Q1-17: • Q1-17 profit was stable, increased of 1% compared to same quarter last year. +1% +1% 120.4 121.1 120.4 134.6 136.7 112.5 121.1 5.0 3.6 1.7 4.7 1.7 4.7 Operating 34.3 36.7 3.1 Pr
Slide 10: Profit from Shareholders' Fund
Profit from Shareholders’ Fund Profit from Shareholders’ Fund of $54.6 million for Q1-17 was higher than Q1-16: • Higher realised gain on sale of investments in Q1-17 (mainly from equities) as compared to same quarter last year. +153% +153% 21.6 54.6 21.6 6.0 43.5 72.0 54.6 22.4 20.4 20.4 20.8 Profi
Slide 11: Group Profit Attributable to Shareholders
Group Profit Attributable to Shareholders Profit attributable to shareholders was $217.9 million for Q1-17: • Higher non-operating profit from insurance business due to favourable financial market conditions compared to last year. • Higher profit from shareholders’ fund due to higher realised gain o
Slide 12: THANK YOU
THANK YOU 12
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