Great Eastern Holdings (GEH)

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

Great Eastern Holdings (GEH) has appointed Ng Chee Peng as non-executive and independent director on March 1.

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

Great Eastern Holdings, a member of the OCBC Group, posted earnings of $341.3 million for the 4QFY2020 ended December, 19% higher than earnings of $287.0 million for the period a year ago.

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

Great Eastern Life Assurance Company announced on Jan 6 that it will be redeeming its $400 million 4.6% subordinated fixed rate notes on Jan 19.

Great Eastern Holdings' 3Q earnings rise 40% to $287.9 mil on higher valuation of investments and improved market conditions - THE EDGE SINGAPORE

Results

Great Eastern Holdings' 3Q earnings rise 40% to $287.9 mil on higher valuation of investments and improved market conditions

Great Eastern Holdings, a member of the OCBC Group, saw profit attributable to shareholders (or earnings) for 3QFY2020 ended September rise 40% to $287.9 million from the $205.1 million reported a

Financially Savvy

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

Central Provident Fund (CPF) members under the Dependants’ Protection Scheme (DPS) will enjoy a higher sum assured of $70,000 at more attractive premiums from April 1, 2021.

TELECOMMUNICATIONS

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

Singapore Telecommunications (Singtel) and Great Eastern Holdings have partnered up to launch a range of general insurance products spanning home, motor, and travel.

Results

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

Great Eastern Holdings, a member of the OCBC group, reported earnings of $297.5 million for 2Q20 ended June, 76% higher than the $169 million posted a year ago.

Deals, joint ventures & alliances

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

SINGAPORE (June 25): 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 a

Fintech

Singtel said to be talking to Grab on Singapore digital bank bid

SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar

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