Presentation to Analysts & Press - Great Eastern Life

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HIGH EQUITIES HOLDINGS IMPLIES SOME RISKS, BUT THEY AREMANAGEDEquities as percentof total assetPercentEquities as percentof Non-Par FundPercentStress test on 30 June 2003indicates that• Singapore Life Fund can withstanda 32% dip in equity holdings243124• Malaysia Life Fund can withstand a63% dip in equity holdingsHigh equity holding in Non-Parimplies potential earnings impactdue to equities volatilitySingaporeMalaysiaSingapore &MalaysiaSGD 3.8B SGD 2.9BSGD 0.5B11
EXECUTIVE SUMMARYPerformanceimprovementdespite pooreconomicconditions• Despite sluggish & deteriorated economies, and slowed industry growth, GreatEastern (GE) improved quarterly performance over last quarter and year agoA stronger P&L– PAT increased 112% and 41% respectively– EPS increased 100% and 38% respectively– Life Insurance pre-tax profits increased142% and 57% respectivelyA stronger balance sheet– Life fund surplus increased 31% and 28% over Mar03 and Dec02 respectively– NAV/share improved 6% and 8% over Mar03 and Dec02 respectivelyContinued focus onpremium salesneeded to maintainmarket leadership;risks and uncertaintiesahead• While performance has improved, challenges remain for GE to drive premium salesand maintain market leadership– Despite better quarterly performance, half-yearly new business premium salesremain below year ago results– Although Malaysia continues its market leadership, Singapore would need to regainmarket grounds lost in 1 st quarter• High equity holding implies certain risks to Life Fund in both Singapore and MalaysiaStrategies set for 03began to achieveresults, and willcontinue to driveperformance• The 2003 strategies highlighted last year began to achieve results– Distribution strategy focused on strengthening capability and capacity– Life Planning, a new paradigm in insurance to plan life’s main priorities, was wellreceived, and it differentiated GE from competition– Customer insights enabled better product targeting; CRM roadmap in place to buildGE as a customer centric organisation12
Page 1 and 2: 2 nd Quarter Financial Resultsended
Page 3 and 4: DESPITE POOR GLOBAL ECONOMY, DETERI
Page 5 and 6: EPS IMPROVED OVER LAST QUARTER AND
Page 7 and 8: LIFE FUND SURPLUS (MARKED TO MARKET
Page 9 and 10: EXECUTIVE SUMMARYPerformanceimprove
Page 11: WHILE MALAYSIA MAINTAINED MARKET LE
Page 15 and 16: 1. DISTRIBUTION STRATEGY CENTERED O
Page 17 and 18: 3. CUSTOMER INSIGHTS ENABLED BETTER
Page 19 and 20: FAQ AND OTHER MATERIAL ISSUES• En
Page 21 and 22: 2Q03 GROUP GROSS PROFIT (PRE-TAX):
Page 23 and 24: MANAGEMENT EXPENSE STABLISED EVEN A
Page 25: APPENDIX• FAQ and other material

Presentation to Analysts & Press - Great Eastern Life

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