GREAT EASTERN HOLDINGS LIMITED ANNUAL REPORT 2021
GO FOR
At Great Eastern, we constantly seek new ways to improve ourselves for the future. From the development of holistic solutions for our customers to supporting our communities, we always aim to deliver our best and GO FOR GREAT in all that we do.
We are committed to helping our customers plan for the future to help them live Lifeproof. As their trusted insurance partner at their every life stage, we are ready to help them achieve their financial goals, and they can count on us to make life GREAT.
The theme of our 2021 Annual Report captures our drive and motivation to strengthen our business and deliver on our brand promise to customers, partners, financial representatives and employees.
As we journey together, we will continue to GO FOR GREAT, putting our customers at the heart of all we do, and creating mutually beneficial experiences for all our stakeholders.
OPPORTUNITIESSERVICE
CONTENTS
3
Key Figures
10 Letter to Shareholders
18 Board of Directors
31 Key Executives
34 Financial Highlights
36 Embedded Value
38 Business Review
• Singapore
• Malaysia
• Emerging Markets
50 Human Capital
52 Corporate Social Responsibility
IMPACT
56 Year in Review (Highlights)
60 Awards
62 Corporate Governance Report
87 Financial Statements
204 List of Major Properties
206 Additional Information
207 Shareholding Statistics
209 Management Team
211 Group Network
215 Notice of AGM and Proxy Form Corporate Information
GREAT EASTERN HOLDINGS LIMITED
WHO WE ARE | |
We are a LIFE Company | To be the leading financial |
providing protection and | service provider in Asia, |
financial freedom to | recognised for our |
our customers | excellence |
WHAT WE BELIEVE IN | MISSION |
Our customers are at the | To make life great by |
heart of all that we do | providing financial security, |
promoting good health and | |
meaningful relationships | |
WHAT WE DO | |
Help our customers to | |
achieve their goals and | |
ETHOS | |
to live Lifeproof | Great Eastern always acts |
in the best interest of our | |
customers with Fair Dealing | |
as the basis of our business |
VISION
KEY FIGURES
PERFORMANCE HIGHLIGHTS OF FY2021
S$1,113 | S$18,255 | S$9,537 |
MILLION | MILLION | MILLION |
PROFIT ATTRIBUTABLE TO | EMBEDDED VALUE | MARKET CAPITALISATION1 |
SHAREHOLDERS | ||
S$748 | S$10,030 | 65 |
MILLION | MILLION | CENTS |
OPERATING PROFIT | SHAREHOLDERS' EQUITY | DIVIDEND PER SHARE2 |
AFTER TAX | ||
S$110,390 | S$18,956 | S$804 |
MILLION | MILLION | MILLION |
TOTAL ASSETS | GROSS PREMIUMS | ECONOMIC VALUE OF ONE |
YEAR'S NEW BUSINESS |
1 This is calculated using Shared Outstanding of 473,319,069 shares and last traded price in FY2021 of S$20.15 (31 December 2021).
2 This includes the interim one-tier tax exempt dividend of 10 cents per ordinary share and a final one-tier tax exempt of 55 cents per ordinary share for the financial year ended 31 December 2021.
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Disclaimer
Great Eastern Holdings Limited published this content on 19 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 08:20:09 UTC.