FWD Group Reports 9% Profit Surge in H1 2025, Expands into New Markets
FWD Group, a leading pan-Asian life insurance company, has released its H1 2025 financial results. The company reported a significant increase in profits and growth across various segments.
FWD Group's post-tax operating profits surged by 9% to $251m in the first half of 2025. This impressive growth was driven by a strong net profit of $47m, a significant jump from the $3m reported in the same period last year.
The Hong Kong SAR & Macau SAR segment contributed to this growth, with increased new business sales and improved contractual service margin (CSM). Meanwhile, the Japanese arm reported favourable new business figures, particularly in individual protection products.
FWD Group's financial strength is evident in its 283% solvency ratio and doubled net underlying free surplus, which reached $417m in H1 2025. The company also saw an 8% increase in tangible equity to $8.15bn and a similar rise in embedded value to $6.38bn.
The company's expansion into new markets and products is notable. It launched a yen-denominated single-premium annuity product in July, marking its entry into the savings and retirement segment. Additionally, FWD Group's new business sales grew by 38% to $1.24bn on an annualised premium equivalent basis compared to 2024.
However, the Thailand & Cambodia segment faced a downturn in new business indicators due to the exit from the Thailand corporate care underwriting business in 2024. Despite this, the Emerging Markets segment, led by the Indonesian joint venture BRI Life, logged strong new business sales growth, particularly in the bancassurance sector.
FWD Group's H1 2025 results reflect the company's robust financial performance and strategic growth. With increased profits, strong segment growth, and expansion into new markets and products, FWD Group is well-positioned for continued success.
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