Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
Insurance Job Advertisements
Wednesday, 5 August 2009
Great Eastern mixed Q2 results
Great Eastern has a mixed Q2 results. While profit improves, new business was down compared to a year earlier.Highlights of results (Q2 2009 vs Q2 2008):
- Profit: S$97.7 mil vs S$15.7 mil
- Strong profit was mainly due to non-par fund benefited from stock market rebound
- Life NB weighted premium: S$201.4 mil vs S$140.3 mil (30% drop)
- Singapore contributed 61% of the drop
- SP business drop 75%
- Malaysia enjoyed 53% growth in weighted NB
Source: Great Eastern
Labels: Financial Results, Great Eastern
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
Previous Posts
- Claims Manager - General Insurance
- Great Eastern spends S$250 mil to buy back GLC
- More news articles on private pension
- Maid Protector
- Merger of Institute and Faculty fails
- Uni.Asia partners UOB
- Insurance companies not in private pension plan
- Great Eastern partners OCBC in bancassurance
- Second-round bidders for Nan Shan
- SC approved disposal of GI business
Subscribe to
Posts [Atom]
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home