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Great Eastern's Q1 profit down 56% amid volatile markets

Volatility has affected asset valuation, but investment portfolio, capital position remain strong, says group CEO

Singapore

A WEAKER insurance business amid volatile markets meant that Great Eastern Holdings' net profit for the three months from January was down 56 per cent year on year to S$96.9 million.

The insurance group on Tuesday said that unrealised fair value losses from valuation of