Great Eastern Holdings Limited
G07.SI
Stock Exchange of Singapore16.34
SGD
+0.12
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Great Eastern Holdings Limited
G07.SI
(Stock Exchange of Singapore)
Recent
price
16.34
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ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Great Eastern Holdings Limited is an investment holding company primarily engaged in providing insurance products and services across Singapore, Malaysia, and other parts of Asia. The company operates through three main segments: Life Insurance, Non-Life Insurance, and Shareholders. Its Life Insurance segment offers a comprehensive range of products including life, long-term health and accident insurance, annuity business, and unit-linked insurance plans. The Non-Life Insurance segment provides short-term property and casualty coverage, including fire and burglary insurance, business interruption contracts, public liability insurance, and short-term medical and personal accident insurance. The Shareholders segment manages fund management services with portfolios in Asia Pacific equities, fixed income securities, and balanced mandates for diverse institutional clients. Great Eastern distributes its products through various channels such as tied agency force, bancassurance, brokers, and its financial advisory arm, Great Eastern Financial Advisers. The company serves individual, family, and business customers and has subsidiaries including Great Eastern General Insurance Indonesia, which offers broad general insurance solutions for both corporate and personal needs. Founded in 1908 and headquartered in Singapore, Great Eastern Holdings Limited is a subsidiary of Oversea-Chinese Banking Corporation Limited. Over recent years, Great Eastern has strategically expanded its market presence and product portfolio. Key recent developments include the proposed acquisition of AmMetLife Insurance Berhad and AmMetLife Takaful Berhad to strengthen its bancassurance business in Malaysia. In 2024, the company saw a significant rise in profit driven by improved insurance profitability and stronger investment performance, reporting a 39% increase in profit attributable to shareholders for the first nine months of the year. It also launched new solutions focusing on wealth accumulation, legacy planning, and customer-centric innovations to address evolving market needs. Leadership changes include the appointment of Greg Hingston as Group CEO in November 2024, under whose direction the company aims to further grow its insurance franchise across Asia. Great Eastern also plans to enhance operational efficiency, claims processing, underwriting capabilities, and distribution channels as part of its ongoing strategic priorities. Great Eastern Holdings Limited maintains a strong footprint in its core markets of Singapore and Malaysia, with operations extending to Brunei, Indonesia, and China, reflecting its focus on regional expansion. The company’s broad product suite caters to multiple insurance needs ranging from life and health to general insurance, supported by a diversified distribution network. This makes Great Eastern a leading life insurer in the region, committed to value creation through innovation, strategic acquisitions, and disciplined business management. The company employs over 5,200 personnel and continues to leverage its established heritage and strong customer relationships to sustain growth in the competitive Asian insurance market. This comprehensive profile reflects Great Eastern Holdings Limited's position as a leading insurance provider with diversified offerings, geographic reach, and strategic initiatives aimed at strengthening its market leadership and financial performance in Asia.