FWD Group Holdings Limited (1828.HK) announced its interim results for the six months ended 30 June 2026, reporting a record net profit after tax of US$172 million, a three-fold increase compared to the same period in 2025. The company's operating profit after tax rose 20% to US$298 million, with positive contributions from all four reportable segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Expansion Markets. New business sales increased 7% to US$1.35 billion on an annualised premium equivalent (APE) basis, while new business contractual service margin grew 25% year-on-year to US$996 million.
These results underscore FWD Group's ability to sustain growth and convert it into rising bottom-line profitability, driven by the diversification of its geographic footprint and multi-channel distribution model. The company also reported a 5% increase in comprehensive tangible equity to US$8.83 billion and a 5% rise in group embedded value to US$6.95 billion compared to 31 December 2025. FWD Group retained a solvency ratio of 203% after adopting economic value-based solvency regulation in Japan.
In the company's home market of Hong Kong SAR, momentum continued despite record prior-year growth, supported by resilient domestic demand and the city's role as a leading cross-border wealth hub. Japan saw excellent growth driven by the expansion into savings and retirement needs, complementing its existing protection business in a rapidly ageing society. Thailand focused on profitable new business through its exclusive bancassurance partnership with Siam Commercial Bank and agency channels, while the transition to a new CEO was completed in May. Strong growth in Expansion Markets – Indonesia, Malaysia, the Philippines, Singapore, and Vietnam – was achieved despite macroeconomic uncertainty in some countries.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director, commented, “FWD Group had a very strong start to our first full year as a listed company. Once again, we’ve demonstrated our ability to sustain growth, and to convert that growth into rising bottom-line profitability, while expanding margins.” He added, “We remain heavily focused on anchoring around the customer – aided by the golden age of transformational technological innovation.”
During the period, FWD introduced 21 new products across the region to address emerging customer needs. The company also announced a key hire in May for its high-net-worth (HNW) business, which serves the global HNW insurance market. In July, FWD received the ISO/IEC 42001 certification for the responsible use of AI systems, reflecting the growing maturity of its AI initiatives.
These results highlight FWD Group's strong track record as a listed company serving more than 40 million customers across 10 markets in Asia, with a clear focus on customer-centric innovation and sustainable growth.
