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Great Eastern posts 52% increase in third-quarter profit to $273.4 million
The Straits Times
|November 07, 2024
Great Eastern posted a 52 per cent year-on-year increase in net profit to $273.4 million for the third quarter ended September, from $180.2 million in the previous corresponding period.
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This was driven by contributions from its insurance business and favourable investment performance from shareholders' funds, said OCBC Bank's insurance arm on Nov 6 in a business update.
The group's new business embedded value amounted to $176.9 million, up 7 per cent on the year from $165.1 million. Total weighted new sales for the third quarter fell 7 per cent at $390.8 million, from $419.4 million previously.
Esta historia es de la edición November 07, 2024 de The Straits Times.
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