1. Singapore Stocks

  2. •

    Financial Services

  3. •

    Insurance - Life
Great Eastern Holdings Limited

Great Eastern Holdings Limited

GEHDY
Great Eastern Holdings LimitedUS flagOther OTC
25.85
USD
+0.78
- -
12.24BMarket Cap
Great Eastern Holdings Limited
GEHDY
(Other OTC)

Recent

price

25.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
1.85
2.91
2.84
2.4
6.19
3.66
4.44
4.31
3.55
72.66
51.11
78.66
90.72
84.36
-17.89
24.16
78.77
Revenue per Share
1.15
2.18
2.14
1.63
5.02
2.85
3.71
3.32
2.49
4.38
3.13
4.24
4.06
4.7
2.58
3.27
4.24
Basic EPS, GAAP
6.96
0.19
3.44
4.86
-1.79
0.73
4.41
5.13
13.01
27.51
16.48
15.04
6.06
17.62
16.06
-4.72
15.24
Free Cash Flow per Basic Share
1.08
0.42
0.9
1.74
0.74
1.28
1.1
1.1
1.1
1
1.4
1.2
1.2
1.2
1.3
1.8
1.2
Dividend per Share
13.18
14.95
16.19
16.08
20.36
21.93
24.55
26.77
28.16
30.21
32.3
34.92
37.56
33.55
34.91
36.37
34.93
Book Value per Share
12.74
15.1
17.07
16.55
20.31
21.52
24.93
26.47
28.03
32.06
31.67
36.64
39.9
32.63
29.88
32.86
36.64
Tangible Book Value per Share
237
237
237
237
237
237
237
237
237
237
237
237
237
237
237
237
237
Basic Weighted Avg Shares
437
688
673
568
1,465
865
1,052
1,019
840
17,195
12,095
18,615
21,468
19,964
-4,233
5,718
18,637
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
54
47
49
48
50
58
51
51
56
71
57
74
78
79
88
88
74
Depreciation Expense
272
517
507
386
1,189
675
879
785
589
1,037
741
1,004
961
1,113
610
775
1,004
Net Income, GAAP
5.07
14.91
13.95
15.76
12.7
13.5
9.61
10.39
14.49
17.26
17.41
14.36
- -
16.32
24.36
26.28
14.36
Effective Tax Rate (%)
62.28
75.06
75.38
67.94
81.18
78.01
83.53
77.07
70.18
6.03
6.12
5.39
4.47
5.57
-14.41
13.55
5.39
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
399
399
399
399
400
400
400
400
496
487
74
63
52
496
LT Debt
3,040
3,593
4,059
3,942
4,840
5,127
5,932
6,297
6,664
7,615
7,522
8,702
9,474
7,916
7,275
7,989
8,702
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
8.31
15.63
13.9
9.75
25.25
12.51
14.82
12.11
8.54
14.09
9.47
11.79
- -
12.41
7.36
8.86
11.79
Return on Capital (%)
8.79
15.53
13.77
10.1
27.58
13.48
15.97
12.94
9.07
15.01
10.01
12.62
11.2
13.23
7.53
9.18
12.62
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
- -
- -
- -
LT Borrowings
400
400
400
LT Finance Leases
- -
- -
96
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
473
473
473
Market Capitalization
11,050
11,343
10,940

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
4,660
5,435
6,216
Accounts Receivable, Net
3,017
3,066
2,858
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.05%
1.97%
9.81%
Free Cash Flow
73.03%
-3.15%
-129.38%
Net Income, GAAP
7.09%
5.78%
26.98%
Sales/Revenue/Turnover
162.5%
-58.81%
-235.09%
Total Cash Common Dividend
- -
- -
38.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
19,964
2022
- -
- -
- -
- -
-4,233
2023
- -
- -
- -
- -
5,718

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
4.7
2022
- -
- -
- -
- -
2.58
2023
- -
- -
- -
- -
3.27

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
1.2
2022
- -
- -
- -
- -
1.3
2023
- -
- -
- -
- -
1.8
Similar Companies
Globe Life Inc. (GL)
Manulife Financial Corporation (MFC.TO)
Phoenix Group Holdings plc (PNXGF)
Great-West Lifeco Inc. (GWLIF)
Star Health and Allied Insurance Company Limited (STARHEALTH.NS)
Wyncrest Group, Inc. (WNCG)
Business
Great Eastern Holdings Limited is a Singapore-based investment holding company specializing in life and general insurance products and related financial services. The company offers a comprehensive suite of insurance products including life insurance; long-term health and accident insurance; annuities; general insurance products such as auto, home, travel, personal accident, and maid insurance for retail customers; and various property and casualty insurance for businesses. It operates primarily through multiple distribution channels including a tied agency force, bancassurance partnerships—most notably with OCBC Bank—a direct digital platform, digital partnerships, financial advisory firms including Great Eastern Financial Advisers, and brokers. The company also engages in fund management and financial advisory services as part of its shareholders' category. Its insurance business is geographically focused in Singapore and Malaysia, with additional regional activities in Asia. Founded in 1908 and headquartered in Singapore, Great Eastern is a wholly owned subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC). In the past 1-2 years, Great Eastern has undertaken several significant strategic initiatives. In 2024, it experienced a failed delisting bid by parent company OCBC, resulting in resumption of trading on the Singapore Exchange with strengthened free float. The company simultaneously launched a refreshed corporate brand, updating its lion motif logo and tagline to "An OCBC Company" to reflect a more modern and progressive image. Great Eastern is actively expanding its high-net-worth client capabilities and targeting doubling new business value over the medium to long term by developing tailored offerings and leveraging technology such as artificial intelligence to enhance customer engagement and advisory processes. It continues to deepen its bancassurance partnership with OCBC while emphasizing a customer-led, digital-first approach to service. The group also maintains a strong focus on operational resilience and sustainability aligned with evolving market and regulatory demands. Great Eastern's subsidiaries include Great Eastern General Insurance Limited, which provides a broad range of commercial and personal general insurance products. The group has over S$117 billion in assets under management and more than 15.5 million policyholders, including government schemes, underpinning its strong market presence in the life and general insurance sectors across the region. Overall, Great Eastern Holdings Limited is a leading insurer in Singapore and Malaysia, delivering diversified insurance and financial products across life, health, accident, general, and group insurance markets, while driving growth through digital innovation, strategic partnerships, and enhanced service models to cater to evolving customer needs. Its legacy as one of the oldest insurers coupled with strategic modernization initiatives continues to position it as a prominent player in the regional insurance industry.