Great Eastern G07
SGD 19.67
+3.61% +0.71 Updated 23 Oct 2026, 17:16 SGT
Financials
Great Eastern Annual Report 2025
Explore the statements
9 tablesConsolidated Profit or Loss Statement
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| Insurance revenueSingapore Dollars (millions) | 7,032.6 | 6,903.3 | PDF p. 99 |
| Insurance service expensesSingapore Dollars (millions) | (5,985.8) | (5,997.5) | PDF p. 99 |
| Net income/(expenses) from reinsurance contracts heldSingapore Dollars (millions) | 12.7 | (20.6) | PDF p. 99 |
| Insurance service resultSingapore Dollars (millions) | 1,059.5 | 885.2 | PDF p. 99 |
| Interest revenue on Financial assets not measured at FVTPLSingapore Dollars (millions) | 574.4 | 698.3 | PDF p. 99 |
| Interest revenue on Financial assets measured at FVTPLSingapore Dollars (millions) | 1,898.9 | 1,723.1 | PDF p. 99 |
| Other investment revenueSingapore Dollars (millions) | 5,433.0 | 4,096.5 | PDF p. 99 |
| Decrease in provision for impairment of financial assetsSingapore Dollars (millions) | 0.8 | 1.1 | PDF p. 99 |
| Change in third-party interests in consolidated investment fundsSingapore Dollars (millions) | 0.3 | (0.6) | PDF p. 99 |
| Net investment incomeSingapore Dollars (millions) | 7,907.4 | 6,518.4 | PDF p. 99 |
| Finance expenses from insurance contracts issuedSingapore Dollars (millions) | (7,165.1) | (5,837.3) | PDF p. 99 |
| Finance income from reinsurance contracts heldSingapore Dollars (millions) | 26.9 | 30.8 | PDF p. 99 |
| Net insurance financial resultSingapore Dollars (millions) | (7,138.2) | (5,806.5) | PDF p. 99 |
| Net insurance and investment resultSingapore Dollars (millions) | 1,828.7 | 1,597.1 | PDF p. 99 |
| Fees and other incomeSingapore Dollars (millions) | 42.3 | 33.0 | PDF p. 99 |
| Finance costsSingapore Dollars (millions) | (22.7) | (16.2) | PDF p. 99 |
| Other expensesSingapore Dollars (millions) | (126.6) | (111.5) | PDF p. 99 |
| Other income and expensesSingapore Dollars (millions) | (107.0) | (94.7) | PDF p. 99 |
| Profit before income taxSingapore Dollars (millions) | 1,721.7 | 1,502.4 | PDF p. 99 |
| Income tax expenseSingapore Dollars (millions) | (494.3) | (479.4) | PDF p. 99 |
| Profit after income taxSingapore Dollars (millions) | 1,227.4 | 1,023.0 | PDF p. 99 |
| Attributable to | |||
| Equity holders of the CompanySingapore Dollars (millions) | 1,207.1 | 995.3 | PDF p. 99 |
| Non-controlling interestsSingapore Dollars (millions) | 20.3 | 27.7 | PDF p. 99 |
| SubtotalSingapore Dollars (millions) | 1,227.4 | 1,023.0 | PDF p. 99 |
| Earnings per share | |||
| Basic and diluted earnings per share attributable to ordinary shareholders of the CompanySGD per share | 1.26 | 1.05 | PDF p. 99 |
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Definitions & sources
Original report: PDF p. 99 ↗
The statement heading is “Consolidated Profit or Loss Statement”; the cited EPS row continues a label that wraps across two lines.
Consolidated Statement of Comprehensive Income
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit after income tax for the yearSingapore Dollars (millions) | 1,227.4 | 1,023.0 | PDF p. 100 |
| Other comprehensive income/(loss): Items that will not be reclassified to the Profit or Loss Statement | |||
| Exchange differences arising on translation of overseas entities attributable to non-controlling interestsSingapore Dollars (millions) | 1.0 | 0.5 | PDF p. 100 |
| Revaluation gain on equity instruments at fair value through other comprehensive incomeSingapore Dollars (millions) | 203.0 | 267.9 | PDF p. 100 |
| Income tax related to the aboveSingapore Dollars (millions) | (34.2) | (45.0) | PDF p. 100 |
| Other comprehensive income/(loss): Items that may be reclassified subsequently to the Profit or Loss Statement | |||
| Exchange differences arising on translation of overseas entitiesSingapore Dollars (millions) | 37.6 | 75.6 | PDF p. 100 |
| Other comprehensive income/(loss): Debt instruments at fair value through other comprehensive income | |||
| Changes in fair valueSingapore Dollars (millions) | 374.1 | (20.7) | PDF p. 100 |
| Changes in allowance for expected credit lossesSingapore Dollars (millions) | (2.0) | (10.0) | PDF p. 100 |
| Reclassification of realised (gain)/loss on disposal of investments to the Profit or Loss StatementSingapore Dollars (millions) | (42.0) | 10.5 | PDF p. 100 |
| Other comprehensive income/(loss): Net insurance financial result | |||
| Finance expenses from insurance contracts issuedSingapore Dollars (millions) | (324.4) | (85.0) | PDF p. 100 |
| Finance income/(expenses) from reinsurance contracts heldSingapore Dollars (millions) | 90.1 | (0.4) | PDF p. 100 |
| Other comprehensive income/(loss) | |||
| Income tax related to the aboveSingapore Dollars (millions) | (18.0) | 14.3 | PDF p. 100 |
| Comprehensive income | |||
| Other comprehensive income for the year, after taxSingapore Dollars (millions) | 285.2 | 207.7 | PDF p. 100 |
| Total comprehensive income for the yearSingapore Dollars (millions) | 1,512.6 | 1,230.7 | PDF p. 100 |
| Total comprehensive income attributable to | |||
| Equity holders of the CompanySingapore Dollars (millions) | 1,491.3 | 1,202.5 | PDF p. 100 |
| Non-controlling interestsSingapore Dollars (millions) | 21.3 | 28.2 | PDF p. 100 |
| SubtotalSingapore Dollars (millions) | 1,512.6 | 1,230.7 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Balance Sheets
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Equity | |||||
| Share capitalSGD millions | 197.1 | 152.7 | 197.1 | 152.7 | PDF p. 101 |
| Other reservesSGD millions | (388.8) | (577.8) | 419.2 | 419.2 | PDF p. 101 |
| Retained earningsSGD millions | 9,901.8 | 9,110.8 | 4,282.8 | 4,053.9 | PDF p. 101 |
| SHAREHOLDERS' EQUITYSGD millions | 9,710.1 | 8,685.7 | 4,899.1 | 4,625.8 | PDF p. 101 |
| OTHER EQUITY INSTRUMENTSSGD millions | 676.3 | – | – | – | PDF p. 101 |
| NON-CONTROLLING INTERESTSSGD millions | 86.7 | 98.4 | – | – | PDF p. 101 |
| TOTAL EQUITYSGD millions | 10,473.1 | 8,784.1 | 4,899.1 | 4,625.8 | PDF p. 101 |
| Liabilities | |||||
| Other creditorsSGD millions | 1,985.9 | 1,380.7 | 13.5 | 10.1 | PDF p. 101 |
| Income tax payableSGD millions | 263.9 | 220.9 | – | – | PDF p. 101 |
| Derivative financial liabilitiesSGD millions | 216.3 | 726.8 | – | – | PDF p. 101 |
| Provision for agents' retirement benefitsSGD millions | 384.6 | 343.4 | – | – | PDF p. 101 |
| Deferred tax liabilitiesSGD millions | 710.0 | 490.8 | – | – | PDF p. 101 |
| BorrowingsSGD millions | 678.5 | 521.7 | – | – | PDF p. 101 |
| Reinsurance contract liabilitiesSGD millions | 134.7 | 178.1 | – | – | PDF p. 101 |
| Insurance contract liabilitiesSGD millions | 107,792.1 | 101,262.4 | – | – | PDF p. 101 |
| TOTAL LIABILITIESSGD millions | 112,166.0 | 105,124.8 | 13.5 | 10.1 | PDF p. 101 |
| TOTAL EQUITY AND LIABILITIESSGD millions | 122,639.1 | 113,908.9 | 4,912.6 | 4,635.9 | PDF p. 101 |
| Assets | |||||
| Cash and cash equivalentsSGD millions | 5,126.7 | 4,398.9 | 23.9 | 33.6 | PDF p. 101 |
| Other debtorsSGD millions | 1,523.5 | 1,486.9 | – | – | PDF p. 101 |
| Amount due from subsidiariesSGD millions | – | – | 3,690.2 | 3,602.1 | PDF p. 101 |
| LoansSGD millions | 1,704.0 | 1,336.1 | – | – | PDF p. 101 |
| Derivative financial assetsSGD millions | 490.8 | 370.8 | – | – | PDF p. 101 |
| InvestmentsSGD millions | 108,970.9 | 102,319.6 | – | – | PDF p. 101 |
| Income tax recoverableSGD millions | 61.8 | 24.9 | – | – | PDF p. 101 |
| Deferred tax assetsSGD millions | 6.2 | 12.2 | – | – | PDF p. 101 |
| Reinsurance contract assetsSGD millions | 1,726.0 | 1,107.6 | – | – | PDF p. 101 |
| Insurance contract assetsSGD millions | 122.1 | 102.9 | – | – | PDF p. 101 |
| Investment in associateSGD millions | 86.2 | 68.3 | – | – | PDF p. 101 |
| Investment in subsidiariesSGD millions | – | – | 1,198.5 | 1,000.2 | PDF p. 101 |
| Intangible assetsSGD millions | 229.9 | 232.1 | – | – | PDF p. 101 |
| Investment propertiesSGD millions | 2,094.5 | 1,938.8 | – | – | PDF p. 101 |
| Property, plant and equipmentSGD millions | 496.5 | 509.8 | – | – | PDF p. 101 |
| TOTAL ASSETSSGD millions | 122,639.1 | 113,908.9 | 4,912.6 | 4,635.9 | PDF p. 101 |
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Definitions & sources
Original report: PDF p. 101 ↗
Consolidated Statement of Cash Flows
47 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before income taxSingapore Dollars (millions) | 1,721.7 | 1,502.4 | PDF p. 105 |
| Adjustments for non-cash items | |||
| Gain on sale of investments and changes in fair valueSingapore Dollars (millions) | (4,701.8) | (3,141.7) | PDF p. 105 |
| Decrease in provision for impairment of assetsSingapore Dollars (millions) | (0.8) | (1.1) | PDF p. 105 |
| Increase in provision for agents' retirement benefitsSingapore Dollars (millions) | 52.4 | 65.1 | PDF p. 105 |
| Gain on disposal of property, plant and equipmentSingapore Dollars (millions) | (0.2) | – | PDF p. 105 |
| Changes in fair value of investment propertiesSingapore Dollars (millions) | (131.3) | (34.0) | PDF p. 105 |
| Depreciation and amortisation expensesSingapore Dollars (millions) | 101.7 | 87.8 | PDF p. 105 |
| Loss/(gain) on exchange differencesSingapore Dollars (millions) | 238.7 | (189.7) | PDF p. 105 |
| Dividend incomeSingapore Dollars (millions) | (764.3) | (707.2) | PDF p. 105 |
| Interest incomeSingapore Dollars (millions) | (2,473.3) | (2,421.4) | PDF p. 105 |
| Finance costsSingapore Dollars (millions) | 22.7 | 16.2 | PDF p. 105 |
| Interest expense on lease liabilitiesSingapore Dollars (millions) | 1.7 | 1.6 | PDF p. 105 |
| Changes in fair value of associatesSingapore Dollars (millions) | (17.9) | 32.0 | PDF p. 105 |
| Amortisation of transaction costsSingapore Dollars (millions) | 0.2 | – | PDF p. 105 |
| Adjustments subtotal (unlabelled)Singapore Dollars (millions) | (5,950.5) | (4,790.0) | PDF p. 105 |
| Changes in working capital | |||
| Other debtorsSingapore Dollars (millions) | (120.4) | (140.3) | PDF p. 105 |
| Other creditorsSingapore Dollars (millions) | 361.9 | (176.3) | PDF p. 105 |
| Insurance and reinsurance contract assets/liabilitiesSingapore Dollars (millions) | 5,659.9 | 2,935.6 | PDF p. 105 |
| Cash flows from operating activities | |||
| Cash used in operationsSingapore Dollars (millions) | (49.1) | (2,171.0) | PDF p. 105 |
| Income tax paidSingapore Dollars (millions) | (338.9) | (274.7) | PDF p. 105 |
| Interest paid on lease liabilitiesSingapore Dollars (millions) | (1.7) | (1.6) | PDF p. 105 |
| Agents' retirement benefits paidSingapore Dollars (millions) | (26.4) | (39.8) | PDF p. 105 |
| Net cash flows used in operating activitiesSingapore Dollars (millions) | (416.1) | (2,487.1) | PDF p. 105 |
| Cash flows from investing activities | |||
| Proceeds from maturities and sale of investmentsSingapore Dollars (millions) | 68,747.2 | 52,921.3 | PDF p. 106 |
| Purchase of investmentsSingapore Dollars (millions) | (71,020.3) | (55,422.6) | PDF p. 106 |
| Proceeds from sale of property, plant and equipment and intangible assetsSingapore Dollars (millions) | 24.2 | 1.3 | PDF p. 106 |
| Purchase of property, plant and equipment and investment propertiesSingapore Dollars (millions) | (43.3) | (59.6) | PDF p. 106 |
| Acquisition of intangible assetsSingapore Dollars (millions) | (74.3) | (61.7) | PDF p. 106 |
| Interest income receivedSingapore Dollars (millions) | 2,456.6 | 2,429.2 | PDF p. 106 |
| Dividends receivedSingapore Dollars (millions) | 756.1 | 713.0 | PDF p. 106 |
| Net cash flows provided by investing activitiesSingapore Dollars (millions) | 846.2 | 520.9 | PDF p. 106 |
| Cash flows from financing activities | |||
| Dividends paidSingapore Dollars (millions) | (449.7) | (402.3) | PDF p. 106 |
| Dividends paid to non-controlling interestsSingapore Dollars (millions) | (29.2) | (33.3) | PDF p. 106 |
| Changes in non-controlling interestsSingapore Dollars (millions) | (3.8) | – | PDF p. 106 |
| Principal element of lease paymentsSingapore Dollars (millions) | (11.9) | (12.0) | PDF p. 106 |
| Finance costs paidSingapore Dollars (millions) | (22.6) | (11.9) | PDF p. 106 |
| Proceeds from borrowingsSingapore Dollars (millions) | 155.8 | 521.7 | PDF p. 106 |
| Proceeds from perpetual capital securities issuedSingapore Dollars (millions) | 676.3 | – | PDF p. 106 |
| Distributions for perpetual capital securitiesSingapore Dollars (millions) | (17.2) | – | PDF p. 106 |
| Net cash flows provided by financing activitiesSingapore Dollars (millions) | 297.7 | 62.2 | PDF p. 106 |
| Cash and cash equivalents | |||
| Net increase/(decrease) in cash and cash equivalentsSingapore Dollars (millions) | 727.8 | (1,904.0) | PDF p. 106 |
| Cash and cash equivalents at the beginning of the yearSingapore Dollars (millions) | 4,398.9 | 6,302.9 | PDF p. 106 |
| Cash and cash equivalents at the end of the yearSingapore Dollars (millions) | 5,126.7 | 4,398.9 | PDF p. 106 |
| Cash and cash equivalents comprise | |||
| Cash and bank balancesSingapore Dollars (millions) | 1,714.3 | 1,607.4 | PDF p. 106 |
| Cash on depositSingapore Dollars (millions) | 1,585.0 | 1,608.9 | PDF p. 106 |
| Short term instrumentsSingapore Dollars (millions) | 1,827.4 | 1,182.6 | PDF p. 106 |
| Cash and cash equivalents subtotalSingapore Dollars (millions) | 5,126.7 | 4,398.9 | PDF p. 106 |
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Definitions & sources
Original report: PDF p. 105 ↗ PDF p. 106 ↗
Included in cash and cash equivalents are bank deposits amounting to $6.2 million (31 December 2024: $3.5 million) lodged with the regulator as statutory deposits, which are not available for use by the Group.
Statement of Changes in Equity – Group
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare Capital | 2025GroupCurrency Translation Reserve | 2025GroupFair Value Reserve | 2025GroupInsurance Finance Reserve | 2025GroupTotal Other Reserves | 2025GroupRetained Earnings | 2025GroupShareholders' Equity Total | 2025GroupOther Equity Instruments | 2025GroupNon-Controlling Interests | 2025GroupTotal Equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | |||||||||||
| Balance at 1 January 2025Singapore Dollars (millions) | 152.7 | (69.0) | (381.2) | (127.6) | (577.8) | 9,110.8 | 8,685.7 | – | 98.4 | 8,784.1 | PDF p. 102 |
| Comprehensive income | |||||||||||
| Profit for the yearSingapore Dollars (millions) | – | – | – | – | – | 1,207.1 | 1,207.1 | – | 20.3 | 1,227.4 | PDF p. 102 |
| Other comprehensive income/(loss) for the yearSingapore Dollars (millions) | – | 37.6 | 439.8 | (193.2) | 284.2 | – | 284.2 | – | 1.0 | 285.2 | PDF p. 102 |
| Total comprehensive income/(loss) for the yearSingapore Dollars (millions) | – | 37.6 | 439.8 | (193.2) | 284.2 | 1,207.1 | 1,491.3 | – | 21.3 | 1,512.6 | PDF p. 102 |
| Other movements | |||||||||||
| Reclassification of net change in fair value of equity instruments upon derecognitionSingapore Dollars (millions) | – | – | (95.2) | – | (95.2) | 95.2 | – | – | – | – | PDF p. 102 |
| Contributions by and distributions to shareholders | |||||||||||
| Issue of preference sharesSingapore Dollars (millions) | 44.4 | – | – | – | – | (44.4) | – | – | – | – | PDF p. 102 |
| Dividends paid during the year | |||||||||||
| Final one-tier tax exempt dividend for the previous yearSingapore Dollars (millions) | – | – | – | – | – | (213.0) | (213.0) | – | – | (213.0) | PDF p. 102 |
| Interim one-tier tax exempt dividendSingapore Dollars (millions) | – | – | – | – | – | (236.7) | (236.7) | – | – | (236.7) | PDF p. 102 |
| Contributions by and distributions to shareholders | |||||||||||
| Dividends paid to non-controlling interestsSingapore Dollars (millions) | – | – | – | – | – | – | – | – | (29.2) | (29.2) | PDF p. 102 |
| Total distributions to shareholdersSingapore Dollars (millions) | 44.4 | – | – | – | – | (494.1) | (449.7) | – | (29.2) | (478.9) | PDF p. 102 |
| Changes in ownership interests in subsidiaries that do not result in a loss of control | |||||||||||
| Changes in non-controlling interestSingapore Dollars (millions) | – | – | – | – | – | – | – | – | (3.8) | (3.8) | PDF p. 102 |
| Total changes in ownership interests in subsidiariesSingapore Dollars (millions) | – | – | – | – | – | – | – | – | (3.8) | (3.8) | PDF p. 102 |
| Transactions with shareholders | |||||||||||
| Total transactions with shareholders in their capacity as shareholdersSingapore Dollars (millions) | 44.4 | – | – | – | – | (494.1) | (449.7) | – | (33.0) | (482.7) | PDF p. 102 |
| Contributions by and distributions to other equity holders | |||||||||||
| Perpetual capital securities issuedSingapore Dollars (millions) | – | – | – | – | – | – | – | 676.3 | – | 676.3 | PDF p. 102 |
| Distribution for perpetual capital securitiesSingapore Dollars (millions) | – | – | – | – | – | (17.2) | (17.2) | – | – | (17.2) | PDF p. 102 |
| Total contributions by and distributions to other equity holdersSingapore Dollars (millions) | – | – | – | – | – | (17.2) | (17.2) | 676.3 | – | 659.1 | PDF p. 102 |
| Closing balance | |||||||||||
| Balance at 31 December 2025Singapore Dollars (millions) | 197.1 | (31.4) | (36.6) | (320.8) | (388.8) | 9,901.8 | 9,710.1 | 676.3 | 86.7 | 10,473.1 | PDF p. 102 |
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Definitions & sources
Original report: PDF p. 102 ↗
Statement of Changes in Equity – Group, comparative period
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare Capital | 2024GroupCurrency Translation Reserve | 2024GroupFair Value Reserve | 2024GroupInsurance Finance Reserve | 2024GroupTotal Other Reserves | 2024GroupRetained Earnings | 2024GroupShareholders' Equity Total | 2024GroupNon-Controlling Interests | 2024GroupTotal Equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||||
| Balance at 1 January 2024Singapore Dollars (millions) | 152.7 | (144.6) | (525.1) | (51.7) | (721.4) | 8,454.2 | 7,885.5 | 103.5 | 7,989.0 | PDF p. 103 |
| Comprehensive income | ||||||||||
| Profit for the yearSingapore Dollars (millions) | – | – | – | – | – | 995.3 | 995.3 | 27.7 | 1,023.0 | PDF p. 103 |
| Other comprehensive income/(loss) for the yearSingapore Dollars (millions) | – | 75.6 | 207.5 | (75.9) | 207.2 | – | 207.2 | 0.5 | 207.7 | PDF p. 103 |
| Total comprehensive income/(loss) for the yearSingapore Dollars (millions) | – | 75.6 | 207.5 | (75.9) | 207.2 | 995.3 | 1,202.5 | 28.2 | 1,230.7 | PDF p. 103 |
| Other movements | ||||||||||
| Reclassification of net change in fair value of equity instruments upon derecognitionSingapore Dollars (millions) | – | – | (63.6) | – | (63.6) | 63.6 | – | – | – | PDF p. 103 |
| Dividends paid during the year | ||||||||||
| Final one-tier tax exempt dividend for the previous yearSingapore Dollars (millions) | – | – | – | – | – | (189.3) | (189.3) | – | (189.3) | PDF p. 103 |
| Interim one-tier tax exempt dividendSingapore Dollars (millions) | – | – | – | – | – | (213.0) | (213.0) | – | (213.0) | PDF p. 103 |
| Distributions to shareholders | ||||||||||
| Dividends paid to non-controlling interestsSingapore Dollars (millions) | – | – | – | – | – | – | – | (33.3) | (33.3) | PDF p. 103 |
| Total distributions to shareholdersSingapore Dollars (millions) | – | – | – | – | – | (402.3) | (402.3) | (33.3) | (435.6) | PDF p. 103 |
| Transactions with shareholders | ||||||||||
| Total transactions with shareholders in their capacity as shareholdersSingapore Dollars (millions) | – | – | – | – | – | (402.3) | (402.3) | (33.3) | (435.6) | PDF p. 103 |
| Closing balance | ||||||||||
| Balance at 31 December 2024Singapore Dollars (millions) | 152.7 | (69.0) | (381.2) | (127.6) | (577.8) | 9,110.8 | 8,685.7 | 98.4 | 8,784.1 | PDF p. 103 |
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Definitions & sources
Original report: PDF p. 103 ↗
Statement of Changes in Equity – Company — 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare Capital | 2025CompanyMerger Reserve | 2025CompanyRetained Earnings | 2025CompanyTotal Equity | Source |
|---|---|---|---|---|---|
| Opening balance | |||||
| Balance at 1 January 2025Singapore Dollars (millions) | 152.7 | 419.2 | 4,053.9 | 4,625.8 | PDF p. 104 |
| Comprehensive income | |||||
| Profit for the yearSingapore Dollars (millions) | – | – | 723.0 | 723.0 | PDF p. 104 |
| Total comprehensive income for the yearSingapore Dollars (millions) | – | – | 723.0 | 723.0 | PDF p. 104 |
| Contributions by and distributions to shareholders | |||||
| Issue of preference sharesSingapore Dollars (millions) | 44.4 | – | (44.4) | – | PDF p. 104 |
| Dividends paid during the year | |||||
| Final one-tier tax exempt dividend for the previous yearSingapore Dollars (millions) | – | – | (213.0) | (213.0) | PDF p. 104 |
| Interim one-tier tax exempt dividendSingapore Dollars (millions) | – | – | (236.7) | (236.7) | PDF p. 104 |
| Contributions by and distributions to shareholders | |||||
| Total distributions to shareholdersSingapore Dollars (millions) | 44.4 | – | (494.1) | (449.7) | PDF p. 104 |
| Total transactions with shareholders in their capacity as shareholdersSingapore Dollars (millions) | 44.4 | – | (494.1) | (449.7) | PDF p. 104 |
| Closing balance | |||||
| Balance at 31 December 2025Singapore Dollars (millions) | 197.1 | 419.2 | 4,282.8 | 4,899.1 | PDF p. 104 |
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Definitions & sources
Original report: PDF p. 104 ↗
Statement of Changes in Equity – Company — 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare Capital | 2024CompanyMerger Reserve | 2024CompanyRetained Earnings | 2024CompanyTotal Equity | Source |
|---|---|---|---|---|---|
| Opening balance | |||||
| Balance at 1 January 2024Singapore Dollars (millions) | 152.7 | 419.2 | 2,851.7 | 3,423.6 | PDF p. 104 |
| Comprehensive income | |||||
| Profit for the yearSingapore Dollars (millions) | – | – | 1,604.5 | 1,604.5 | PDF p. 104 |
| Total comprehensive income for the yearSingapore Dollars (millions) | – | – | 1,604.5 | 1,604.5 | PDF p. 104 |
| Distributions to shareholders | |||||
| Final one-tier tax exempt dividend for the previous yearSingapore Dollars (millions) | – | – | (189.3) | (189.3) | PDF p. 104 |
| Interim one-tier tax exempt dividendSingapore Dollars (millions) | – | – | (213.0) | (213.0) | PDF p. 104 |
| Total distributions to shareholdersSingapore Dollars (millions) | – | – | (402.3) | (402.3) | PDF p. 104 |
| Total transactions with shareholders in their capacity as shareholdersSingapore Dollars (millions) | – | – | (402.3) | (402.3) | PDF p. 104 |
| Closing balance | |||||
| Balance at 31 December 2024Singapore Dollars (millions) | 152.7 | 419.2 | 4,053.9 | 4,625.8 | PDF p. 104 |
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Definitions & sources
Original report: PDF p. 104 ↗
Five-year financial highlights
18 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-year financial highlights | ||||||
| Insurance Service ResultSGD millions | 1,059.5 | 885.2 | 574.8 | 810.0 | NA | PDF p. 34 |
| Profit attributable to Equity Holders of the CompanySGD millions | 1,207.1 | 995.3 | 774.6 | 610.0 | 1,113.0 | PDF p. 34 |
| Total AssetsSGD millions | 122,639.1 | 113,908.9 | 109,033.8 | 104,855.5 | 110,390.1 | PDF p. 34 |
| Shareholders' EquitySGD millions | 9,710.1 | 8,685.7 | 7,885.5 | 7,176.1 | 10,029.6 | PDF p. 34 |
| Contractual Service MarginSGD millions | 6,822.6 | 6,923.8 | 7,017.9 | 7,110.8 | NA | PDF p. 34 |
| Gross PremiumsSGD millions | 14,233.6 | 17,194.5 | 16,329.8 | 18,577.2 | 18,956.3 | PDF p. 34 |
| Stock Exchange PricesSGD | 15.29 | 9.35 | 8.80 | 9.25 | 10.08 | PDF p. 34 |
| Market CapitalisationSGD millions | 14,474.1 | 8,851.1 | 8,330.4 | 8,756.4 | 9,537.4 | PDF p. 34 |
| Embedded ValueSGD millions | 20,100.4 | 18,023.6 | 17,319.5 | 17,894.6 | 18,254.6 | PDF p. 34 |
| Economic Value of One Year's New BusinessSGD millions | 739.7 | 621.5 | 682.8 | 860.4 | 803.6 | PDF p. 34 |
| Comprehensive EquitySGD millions | 15,041.3 | 14,098.6 | 13,384.6 | 12,753.9 | NA | PDF p. 34 |
| Return on Equity% | 12.8 | 12.0 | 10.3 | 8.1 | 11.5 | PDF p. 34 |
| Gross Premium Growth% | -17.2 | 5.3 | -12.1 | -2.0 | 22.2 | PDF p. 34 |
| Basic Earnings per ordinary shareSGD per share | 1.25 | 1.05 | 0.82 | 0.64 | 1.18 | PDF p. 34 |
| Net Asset Value per shareSGD per share | 10.26 | 9.18 | 8.33 | 7.58 | 10.59 | PDF p. 34 |
| Embedded Value per shareSGD per share | 21.23 | 19.04 | 18.30 | 18.90 | 19.28 | PDF p. 34 |
| Economic Value of One Year's New Business per shareSGD per share | 0.78 | 0.66 | 0.72 | 0.91 | 0.85 | PDF p. 34 |
| Dividend per shareSingapore cents | 55.0 | 45.0 | 37.5 | 32.5 | 32.5 | PDF p. 34 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 34 ↗
Where the money comes from
Segment information
By business
29(1) Segmental information - By Business Segments: income statement items 14 lines
| Item / unit | 2025Shareholders | 2024Shareholders | 2025Non-life Insurance | 2024Non-life Insurance | 2025Life Insurance | 2024Life Insurance | 2025Adjustments and Eliminations (1) | 2024Adjustments and Eliminations (1) | 2025Consolidated | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| By Business Segments | |||||||||||
| Insurance revenueSingapore Dollars (millions) | – | – | 448.5 | 443.0 | 6,585.6 | 6,461.2 | (1.5) | (0.9) | 7,032.6 | 6,903.3 | PDF p. 182 |
| Insurance service expensesSingapore Dollars (millions) | – | – | (352.4) | (297.2) | (5,680.6) | (5,740.6) | 47.2 | 40.3 | (5,985.8) | (5,997.5) | PDF p. 182 |
| Insurance service resultSingapore Dollars (millions) | – | – | 13.8 | 12.5 | 1,000.0 | 833.3 | 45.7 | 39.4 | 1,059.5 | 885.2 | PDF p. 182 |
| Other investment revenueSingapore Dollars (millions) | 293.4 | 190.1 | 3.8 | 2.4 | 5,135.8 | 3,904.0 | – | – | 5,433.0 | 4,096.5 | PDF p. 182 |
| Net investment incomeSingapore Dollars (millions) | 502.3 | 358.6 | 22.5 | 21.6 | 7,378.5 | 6,132.7 | 4.1 | 5.5 | 7,907.4 | 6,518.4 | PDF p. 182 |
| Net insurance financial resultSingapore Dollars (millions) | – | – | (7.2) | (3.7) | (7,148.7) | (5,818.3) | 17.7 | 15.5 | (7,138.2) | (5,806.5) | PDF p. 182 |
| Net insurance and investment resultSingapore Dollars (millions) | 502.3 | 358.6 | 29.1 | 30.4 | 1,229.8 | 1,147.7 | 67.5 | 60.4 | 1,828.7 | 1,597.1 | PDF p. 182 |
| Fees and other incomeSingapore Dollars (millions) | 478.0 | 456.3 | – | – | – | – | (435.7) | (423.3) | 42.3 | 33.0 | PDF p. 182 |
| Finance costsSingapore Dollars (millions) | (22.7) | (15.3) | – | – | – | (0.9) | – | – | (22.7) | (16.2) | PDF p. 182 |
| Other expensesSingapore Dollars (millions) | (454.3) | (443.5) | 1.4 | (1.1) | (41.9) | (29.8) | 368.2 | 362.9 | (126.6) | (111.5) | PDF p. 182 |
| Other income and expensesSingapore Dollars (millions) | 1.0 | (2.5) | 1.4 | (1.1) | (41.9) | (30.7) | (67.5) | (60.4) | (107.0) | (94.7) | PDF p. 182 |
| Profit before income taxSingapore Dollars (millions) | 503.3 | 356.1 | 30.5 | 29.3 | 1,187.9 | 1,117.0 | – | – | 1,721.7 | 1,502.4 | PDF p. 182 |
| Income tax expenseSingapore Dollars (millions) | (88.5) | (60.5) | (4.2) | (5.3) | (401.6) | (413.6) | – | – | (494.3) | (479.4) | PDF p. 182 |
| Profit after income taxSingapore Dollars (millions) | 414.8 | 295.6 | 26.3 | 24.0 | 786.3 | 703.4 | – | – | 1,227.4 | 1,023.0 | PDF p. 182 |
Notes
(1) Inter-segment income and expenses comprising mainly dividend and management fee income are eliminated on consolidation.
Interest revenue and impairment sub-rows omitted due to wrapped labels.
29(1) Segmental information - By Business Segments: other items, assets, liabilities and additions 9 lines
| Item / unit | 2025Shareholders | 2024Shareholders | 2025Non-life Insurance | 2024Non-life Insurance | 2025Life Insurance | 2024Life Insurance | 2025Adjustments and Eliminations (1) | 2024Adjustments and Eliminations (1) | 2025Consolidated | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other material items | |||||||||||
| Staff costs and related expensesSingapore Dollars (millions) | 47.9 | 47.4 | 45.7 | 44.0 | 421.6 | 409.1 | 0.4 | 1.1 | 515.6 | 501.6 | PDF p. 183 |
| Assets and liabilities | |||||||||||
| Segment assetsSingapore Dollars (millions) | 10,117.0 | 8,655.2 | 968.6 | 929.8 | 111,503.8 | 104,243.3 | (42.7) | 0.1 | 122,546.7 | 113,828.4 | PDF p. 183 |
| Investment in associateSingapore Dollars (millions) | 86.2 | 68.3 | – | – | – | – | – | – | 86.2 | 68.3 | PDF p. 183 |
| Deferred tax assetsSingapore Dollars (millions) | – | 0.4 | 6.2 | 3.9 | – | 7.9 | – | – | 6.2 | 12.2 | PDF p. 183 |
| Total assetsSingapore Dollars (millions) | 10,203.2 | 8,723.9 | 974.8 | 933.7 | 111,503.8 | 104,251.2 | (42.7) | 0.1 | 122,639.1 | 113,908.9 | PDF p. 183 |
| Segment liabilitiesSingapore Dollars (millions) | 1,119.7 | 752.9 | 751.4 | 733.4 | 109,627.6 | 103,147.7 | (42.7) | – | 111,456.0 | 104,634.0 | PDF p. 183 |
| Deferred tax liabilitiesSingapore Dollars (millions) | 207.1 | 67.4 | 8.6 | 6.9 | 494.3 | 416.5 | – | – | 710.0 | 490.8 | PDF p. 183 |
| Total liabilitiesSingapore Dollars (millions) | 1,326.8 | 820.3 | 760.0 | 740.3 | 110,121.9 | 103,564.2 | (42.7) | – | 112,166.0 | 105,124.8 | PDF p. 183 |
| Other segment information: Additions to non-current assets | |||||||||||
| – investment propertiesSingapore Dollars (millions) | – | – | – | – | 0.9 | 7.2 | – | – | 0.9 | 7.2 | PDF p. 183 |
Notes
(1) Inter-segment income and expenses comprising mainly dividend and management fee income are eliminated on consolidation.
Wrapped-label rows (depreciation, fair value changes, additions to PPE and intangibles) omitted.
By geography
29(2) Segmental information - By Geographical Segments 5 lines
| Item / unit | 2025Singapore | 2024Singapore | 2025Malaysia | 2024Malaysia | 2025Other Asia | 2024Other Asia | 2025Adjustments and Eliminations | 2024Adjustments and Eliminations | 2025Consolidated | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| By Geographical Segments | |||||||||||
| Insurance revenue from customersSingapore Dollars (millions) | 3,637.6 | 3,412.5 | 3,247.0 | 3,269.7 | 149.4 | 222.0 | (1.4) | (0.9) | 7,032.6 | 6,903.3 | PDF p. 183 |
| Dividend from subsidiariesSingapore Dollars (millions) | 347.0 | 43.2 | – | – | – | – | (347.0) | (43.2) | – | – | PDF p. 183 |
| Total revenueSingapore Dollars (millions) | 3,984.6 | 3,455.7 | 3,247.0 | 3,269.7 | 149.4 | 222.0 | (348.4) | (44.1) | 7,032.6 | 6,903.3 | PDF p. 183 |
| Profit after income taxSingapore Dollars (millions) | 1,083.7 | 626.4 | 498.3 | 428.9 | (7.6) | 10.9 | (347.0) | (43.2) | 1,227.4 | 1,023.0 | PDF p. 183 |
| Non-current assetsSingapore Dollars (millions) | 2,323.1 | 2,206.7 | 489.2 | 470.4 | 14.8 | 16.9 | – | (1.1) | 2,827.1 | 2,692.9 | PDF p. 183 |
Notes
Non-current assets information presented above consist of intangible assets, investment properties, property, plant and equipment and deferred tax assets as presented in the consolidated balance sheet.
Debt
Borrowings
Table 30(E1) Maturity profile of financial liabilities - borrowings and lease liabilities, as at 31 December 2025 (contractual undiscounted cash flows, Group)
| Item / unit | 2025Carrying amount | 2025< 1 Year | 20251–5 Years | 2025> 5 Years | 2025No maturity date | 2025Total | Source |
|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||
| Lease liabilitiesSGD millions | 38.4 | 14.1 | 27.5 | – | – | 41.6 | PDF p. 199 |
| BorrowingsSGD millions | 678.5 | 19.6 | 102.3 | 720.5 | – | 842.4 | PDF p. 199 |
Notes
Maturity profile of the Group's financial liabilities presented on contractual undiscounted cash flows basis.
Table 30(E1) Maturity profile of financial liabilities - borrowings and lease liabilities, as at 31 December 2024 (contractual undiscounted cash flows, Group)
| Item / unit | 2024Carrying amount | 2024< 1 Year | 20241 – 5 Years | 2024> 5 Years | 2024No maturity date | 2024Total | Source |
|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||
| Lease liabilitiesSGD millions | 47.6 | 13.3 | 38.6 | – | – | 51.9 | PDF p. 200 |
| BorrowingsSGD millions | 521.7 | 19.6 | 101.4 | 587.2 | – | 708.2 | PDF p. 200 |
Notes
The Company's financial assets and financial liabilities are not material.
Borrowing notes 4 tables
Borrowings
| Item / unit | 2025SGD millions, carrying amount | 2024SGD millions, carrying amount | Source |
|---|---|---|---|
| Issued by the Group's subsidiaries | |||
| $500.0 million 3.928% subordinated fixed rate notes(1)SGD millions | 499.0 | 498.8 | PDF p. 154 |
| MYR75.0 million 4.58% Medium Term Note(2)SGD millions | 23.7 | 22.9 | PDF p. 154 |
| MYR100.0 million 3.75% subordinated fixed rate notes(3)SGD millions | 31.6 | – | PDF p. 154 |
| MYR400.0 million 3.85% subordinated fixed rate notes(4)SGD millions | 124.2 | – | PDF p. 154 |
| If the borrowings issued were carried at fair value | |||
| BorrowingsSGD millions | 720.9 | 542.4 | PDF p. 154 |
Notes
Issue dates/maturity dates printed: Series 001 Notes 17 Apr 2024 / 17 Apr 2039; MTN 25 Apr 2024 / 25 Apr 2029; MYR100m 18 Dec 2025 / 18 Dec 2035; MYR400m 18 Dec 2025 / 18 Dec 2037. Total printed 678.5 (2025) and 521.7 (2024).
(1) On 17 April 2024, the Group's subsidiary, The Great Eastern Life Assurance Company Limited ("GEL") issued $500.0 million subordinated fixed rate notes (the "Series 001 Notes") due 2039 first callable in 2034. Fixed rate 3.928% per annum, payable semi-annually; if not redeemed on 17 April 2034, reset to 5-year SORA-OIS benchmark rate plus 0.731%. Qualify as Tier 2 capital.
(2) 25 April 2024, subsidiary Great Eastern Capital (Malaysia) Sdn. Bhd. issued MYR75.0 million MTN Series No.1 due 25 April 2029, coupon 4.58% per annum, payable semi-annually.
(3) 18 December 2025, subsidiary Great Eastern Life Assurance (Malaysia) Berhad (GELM) issued MYR100.0 million subordinated fixed rate notes due 18 December 2035, first callable 18 December 2030, 3.75% per annum, semi-annual; Tier 2 capital for GELM.
(4) 18 December 2025, GELM issued MYR400.0 million subordinated fixed rate notes due 18 December 2037, first callable 17 December 2032, 3.85% per annum, semi-annual; Tier 2 capital for GELM.
All borrowings are subordinated/fixed rate notes; no secured/unsecured or current/non-current split printed in this note. Rates are in the row labels.
Reconciliation of liabilities arising from financing activities (Borrowings and finance cost payable)
| Item / unit | 2025SGD millions | 2024SGD millions | Source |
|---|---|---|---|
| Borrowings | |||
| Balance at the beginning of the year (Borrowings)SGD millions | 521.7 | – | PDF p. 154 |
| Proceeds from borrowingsSGD millions | 155.8 | 521.7 | PDF p. 154 |
| Amortisation of transaction costsSGD millions | 0.2 | – | PDF p. 154 |
| Currency translation reserve adjustmentSGD millions | 0.8 | – | PDF p. 154 |
| Balance at the end of the year (Borrowings)SGD millions | 678.5 | 521.7 | PDF p. 154 |
| Finance cost payable on borrowings | |||
| Balance at the beginning of the year (Finance cost payable)SGD millions | 4.3 | – | PDF p. 154 |
| Finance costsSGD millions | 22.7 | 16.2 | PDF p. 154 |
| Finance costs paidSGD millions | (22.6) | (11.9) | PDF p. 154 |
| Balance at the end of the year (Finance cost payable)SGD millions | 4.4 | 4.3 | PDF p. 154 |
Notes
End-of-year finance cost payable row carries Note reference 11.
Table 30(D) Borrowings by currency, as at 31 December
| Item / unit | 2025SGD | 2025MYR | 2025USD | 2025Others | 2025Total | 2024SGD | 2024MYR | 2024USD | 2024Others | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial and insurance-related liabilities | |||||||||||
| BorrowingsSGD millions | 499.0 | 179.5 | – | – | 678.5 | 498.8 | 22.9 | – | – | 521.7 | PDF p. 196PDF p. 197 |
Notes
Foreign exchange position of the Group's financial and insurance-related assets and liabilities by major currencies, as at 31 December 2025.
The financial assets and financial liabilities of the Company are not material.
Other creditors - lease liabilities
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Other creditors comprise the following | |||||
| Lease liabilitiesSGD millions | 38.4 | 47.6 | – | – | PDF p. 153 |
| Finance cost payable on borrowingsSGD millions | 4.4 | 4.3 | – | – | PDF p. 153 |
Notes
Lease liabilities are presented within Other creditors.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend | GEH’s dividend guideline aims to pay a steady dividend amount twice yearly. Each twice yearly payment will be an amount that targets a full year payout to shareholders that is based on the sustainable profit level of the Group, and the dividends will be progressive in line with the profit trend. Barring unforeseen circumstances, the Company aims to maintain each dividend amount (adjusted for corporate actions undertaken, if appropriate) to be no lower than the preceding one. | Group/Company, FY2025 | PDF p. 185 |
| Scrip Dividend Scheme | Great Eastern Holdings Limited Scrip Dividend Scheme | AGM 2026 resolution 7 | PDF p. 235 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final one-tier tax exempt dividend of 30 cents per share | 30 cents per share | FY2025 final dividend proposed, ordinary shares (Note 32 also covers preference shares at 30 cents), one-tier tax exempt | PDF p. 234 |
| Final dividend payment date | 6 May 2026 | FY2025 final dividend, upon shareholder approval | PDF p. 13 |
| Interim one-tier tax exempt dividend of 25 cents for every ordinary share | 25 cents per share | FY2025 interim dividend, ordinary shares, one-tier tax exempt | PDF p. 224 |
| Interim one-tier tax exempt dividend of 25 cents for every preference share | 25 cents per share | FY2025 interim dividend, preference shares, one-tier tax exempt | PDF p. 224 |
| total dividend for FY2025 | 55 cents for every share | FY2025 total (interim 25 cents + final 30 cents), post-bonus-issue basis | PDF p. 13 |
| Final one-tier tax exempt dividend for the previous year of 45 cents per ordinary share | 45 cents per share | FY2024 final dividend, ordinary shares, one-tier tax exempt (paid in 2025); comparative year | PDF p. 224 |
| Dividend per share | 45.0 cents | FY2024 total dividend per share, adjusted for bonus issue (comparative); 5-year row: 55.0, 45.0, 37.5, 32.5, 32.5 for 2025-2021 | PDF p. 34 |
Extracted from Great Eastern Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | PricewaterhouseCoopers LLP | Group | PDF p. 98 |
| Engagement partner | Foo Yuexin | Group | PDF p. 98 |
| Our Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company | PDF p. 95 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of life insurance contract liabilities | Valuation of life insurance contract liabilities | Group | PDF p. 96 |
Extracted from Great Eastern Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Great Eastern Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Five-year per-share figures retrospectively reflect 473,319,069 bonus shares issued on 19 August 2025 as if issued on 1 January 2021.
The five-year FY2025 basic EPS of SGD1.25 uses profit less distributions on other equity instruments paid divided by total paid-up shares. The financial-statement basic and diluted EPS is SGD1.26; retain the distinct definitions.
Share prices and market capitalisation were obtained from Bloomberg in the original report, with 2024 last traded price from 9 May 2024; these are historical report figures.
Comprehensive equity is shareholders’ equity plus CSM net of reinsurance, non-controlling interest and tax. Printed N.A is represented as NA. Full original historical annual-report backfill remains incomplete.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.