FWD Group Holdings Limited introduced its first set of full-year monetary outcomes as a Hong Kong listed firm, reporting vital progress in new enterprise gross sales and income for the 12 months ending December 31, 2025.
The firm reported a 25% improve in new enterprise gross sales, reaching $2.446 billion on an annualized premium equal foundation in comparison with 2024. The new enterprise contractual service margin grew by 18% to $1.476 billion.
Operating revenue after tax rose by 5% to $499 million, with contributions from all 4 geographic segments: Hong Kong SAR & Macau SAR, Thailand & Cambodia, Japan, and Emerging Markets. The firm achieved a file web revenue of $166 million underneath IFRS 17 and maintained a optimistic working money stream for the second consecutive 12 months.
FWD Group’s leverage ratio decreased to 21.3%, nearing its goal vary of 15-20%. Comprehensive tangible fairness elevated by 18% to $8.72 billion, and group embedded worth rose by 19% to $6.85 billion. The firm maintained a robust capital place with a 265% solvency ratio.
In December 2025, FWD Group was added to the Hang Seng Composite Index and the Stock Connect program’s eligible securities listing, facilitating southbound buying and selling for Mainland Chinese buyers. The firm was additionally included within the MSCI Hong Kong Small Cap Index in February 2026.
Group CEO Huynh Thanh Phong described 2025 as a standout 12 months, highlighting the profitable execution of a customer-led technique supported by a digitally enabled enterprise mannequin. He famous the achievement of file monetary outcomes and the corporate’s transition to a publicly listed entity following its July 2025 preliminary public providing.
The firm’s efficiency was pushed by natural progress throughout its 10 Asian markets, with notably sturdy leads to the Hong Kong SAR & Macau SAR phase. In Japan, FWD started diversifying into the retirement and financial savings sector, launching a yen-denominated single premium variable annuity product.
In Thailand, FWD stays a market chief regardless of challenges from a decrease charge atmosphere and the 2024 exit from underwriting new enterprise within the company care phase. The Emerging Markets phase, comprising 5 Southeast Asian markets, confirmed wonderful progress aligned with demographic, wealth creation, and digital adoption tendencies.
Looking forward to 2026, Huynh Thanh Phong emphasised the corporate’s concentrate on executing its technique in high-growth Asian markets, prioritizing long-term sustainability and profitability.