FWD Group's H1 2025 Results: Net Profit Surges to $47m, Entry into Savings Segment
FWD Group has released its first half 2025 (H1 2025) results, revealing a significant increase in net profit to $47m, up from $3m in the same period last year. The group's solvency ratio stands strong at 283%, with net underlying free surplus doubling to $417m.
FWD Group's growth can be attributed to various factors. The Hong Kong SAR & Macau SAR segment saw improved new business sales and contractual service margin (CSM). Meanwhile, the Japan arm reported favourable new business figures, driven by individual protection products. Despite a downturn in Thailand & Cambodia due to exiting a corporate care business, all four regional segments—including Emerging Markets—experienced gains. The group's tangible equity rose by 8% to $8.15bn, and embedded value increased by 8% to $6.38bn. Post-tax operating profits grew by 9% to $251m, while new business sales surged by 38% to $1.24bn on an annualised premium equivalent basis compared to 2024.
In addition to these positive results, FWD Group marked its entry into the savings and retirement segment with the launch of a yen-denominated single-premium annuity product in July.
FWD Group's H1 2025 results demonstrate robust growth and expansion. Despite challenges in one segment, the group's overall performance has improved significantly, with increased profits, solvency, and new business sales. The launch of a new product also signals the group's commitment to diversifying its offerings.
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