Great Eastern Holdings (GEH)

Great Eastern launches Singapore's first green life insurance product - THE EDGE SINGAPORE

Banking & finance

Great Eastern launches Singapore's first green life insurance product

The insurer is offering an endowment plan which invests into assets to fund projects with “positive environmental benefits”.
Great Eastern appoints former CPF CEO, Ng Chee Peng, as non-executive and independent director - THE EDGE SINGAPORE

New appointments

Great Eastern appoints former CPF CEO, Ng Chee Peng, as non-executive and independent director

Ng is currently the senior advisor at the MOM and CPF Board, as well as the board committee for transformation at PUB.
Great Eastern Holdings posts 19% higher 4Q20 earnings of $341.3 mil due to higher total weighted new sales and one-off positive tax impact - THE EDGE SINGAPORE

Results

Great Eastern Holdings posts 19% higher 4Q20 earnings of $341.3 mil due to higher total weighted new sales and one-off positive tax impact

The board has declared a final dividend of 50 cents per share, bringing the total dividend for FY2020 to 60 cents per share.
Great Eastern Life to redeem $400 mil 4.6% subordinated fixed rate notes early - THE EDGE SINGAPORE

Company in the news

Great Eastern Life to redeem $400 mil 4.6% subordinated fixed rate notes early

The notes, which are due 2026, will be redeemed on Jan 19.

Financially Savvy

CPF members under the Dependants' Protection Scheme to enjoy higher sum assured, increased coverage

The maximum age of coverage will be increased to cover members up to 65 years old at a lower sum assured of $55,000.

Telecommunications

Singtel and Great Eastern to insurance products that cover telco bills and home contents

To start, both companies will be introducing the Singtel Home Project, which reimburses Singtel broadband expenses besides covering renovation, furniture, appliances, valuables and personal effects.

Results

Great Eastern Holdings post 76% increase in 2Q20 earnings to $297.5 mil

Great Eastern’s board has declared an interim dividend of 10 cents for FY20, which is to be paid out on Aug 26.

Deals, joint ventures & alliances

Great Eastern Holdings buys 21.9% stake in Axiata's Boost Holdings for $97 mil

Great Eastern Holdings announced that it has entered into a share subscription agreement with Boost Holdings, a fintech company incorporated in Malaysia.

Deals, joint ventures & alliances

Great Eastern and Axiata team up to offer insurtech solutions in Malaysia, Indonesia

SINGAPORE (Dec 12): Insurance group Great Eastern has signed a regional strategic partnership with Axiata Digital Capital to provide insurance and takaful (Islamic insurance) products in Malaysia and Indonesia.
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