Slide 1: Financial Results for Third Quarter 2011
With Great Eastern, you’re always covered FINANCIAL RESULTS FOR THIRD QUARTER 2011 31 OCTOBER 2011
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 17% to S$568.8m in 9M‐11 Long‐term New business embedded value (NBEV) Ï 20% to S$244.1m Profitability of New Sales in 9M‐11 Net profit was S$40.4m in Q3‐11, compared with S$168.6m a Earnings year ago 4
Slide 5: Total weighted new sales rose by 17% to S$568.8m in 9M-11
Sales Total weighted new sales rose by 17% to S$568.8m in 9M‐11 + 17% 568.8 29.4 486.2 Weighted new 31.1 business 204.7 premiums (S$ m) 194.7 237.9 204.6 189.8 19.2 189.6 174.2 133.2 163.0 7.1 14.1 95.3 10.3 334.7 9.9 11.5 77.4 6.9 70.0 72.8 260.4 54.6 45.0 79.7 105.7 123.4 108.1 106.5 120.1 81.3 73
Slide 6: Total weighted new sales rose by 17% to S$568.8m in 9M-11
Sales Total weighted new sales rose by 17% to S$568.8m in 9M‐11 9‐Month Comparison Total Weighted New Sales (S$ m) + 17% 568.8 29.4 486.2 31.1 204.7 194.7 • Strong growth momentum in bancassurance sales • Higher agency sales of Accident & Health plans and government insurance schemes 260.4 334.7 9M‐
Slide 7: 9M-11 NBEV grew strongly by 20% to S$244.1m
Long Term Profitability of New Sales 9M‐11 NBEV grew strongly by 20% to S$244.1m 43.0% 44.3% 42.9% 43.2% 41.7% 41.8% 42.1% 42.4% New business 40.5% embedded value/Total weighted new sales + 20% 244.1 6.4 New Business 202.6 Embedded Value 8.1 (S$ m) 106.7 89.2 102.3 4.7 84.0 86.7 76.8 73.3 68.2 2.6 1
Slide 8: 9M-11 NBEV grew strongly by 20% to S$244.1m
Long Term Profitability of New Sales 9M‐11 NBEV grew strongly by 20% to S$244.1m 9‐Month Comparison NBEV (S$ m) + 20% 244.1 6.4 202.6 8.1 106.7 • Higher sales of regular premium 89.2 investment‐linked as well as protection‐ based products 105.3 131.0 9M‐10 9M‐11 Singapore Malaysia Emerging Markets 8
Slide 9: Net profit attributable to shareholders in Q3-11 was S$40.4m
Earnings Net profit attributable to shareholders in Q3‐11 was S$40.4m • Q3‐11 net profit decreased on 422.1 weaker investment performance amidst adverse financial markets 101.8 • Q3‐10 was an exceptional quarter of 316.8 high earnings 26.9 Net Profit (S$ m) 179.1 168.6 386.1 158.7 350.6 49.3 36.3 23
Slide 10: Summing up - Key Financials
Summing up ‐ Key Financials S$ m 9M‐11 9M‐10 ∆ Q3‐11 Q3‐10 ∆ Net Profit 316.8 422.1 ‐25% 40.4 168.6 ‐76% Total Weighted New Sales 568.8 486.2 17% 204.6 189.8 8% NBEV 244.1 202.6 20% 86.7 76.8 13% Return on Equity 8.1% 11.2% ‐3.1pp 1.1% 4.3% ‐3.2pp Capital Adequacy Ratios* >200% >200% n.m. >200% >200
Slide 11: Thank You
Thank You Great Eastern ,,