Singapore

HIGHER profit from its insurance business and shareholders' funds investments lifted Great Eastern Holdings' (GEH) third-quarter net profit 185 per cent to S$195 million from S$68.4 million a year ago, despite a dip in gross premiums.

Profit from the group's insurance business for the three months till end-September more than doubled to S$171.1 million from S$68.2 million in Q3 2015, mainly due to higher contribution from an investment-linked fund in its Malaysia business and a surge in profit from a non-participating fund.