TradingMarkets.com, 3 Mar 2009
SINGAPORE, Mar 03, 2009 (A. M. Best via COMTEX) -- GEHDF | Quote | Chart | News | PowerRating -- Great Eastern Holdings Ltd., a Singapore-based financial group, said its profit from both life and nonlife insurance operations in fell 41% in 2008 as the global financial downturn hurt the investment performance of all its insurance funds.
Insurance profit for the year fell 41% to S$317 million (US$205 million). According to Great Eastern, most of its insurance funds recorded profit drops in 2008.
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