FWD Group Holdings Limited (“FWD Group” or “FWD”) has 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 first half of 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.
Shareholder value creation indicators continued to trend positively, with comprehensive tangible equity up 5% to US$8.83 billion and Group embedded value up 5% 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. The company also announced a key hire in May for its high-net-worth (HNW) business, which serves the global HNW insurance market with diversified asset allocation, wealth management, and legacy planning. In July, FWD received globally recognised certification for the responsible use of artificial intelligence (AI) systems, achieving the ISO/IEC 42001 standard from the International Organisation for Standardisation/International Electrotechnical Commission.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “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. This was driven by the diversification built into our geographic footprint and multi-channel distribution model over the past 13 years, as well as a capital structure that positions FWD Group well for the future.”
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 one of the world’s largest cross-border wealth hubs. Japan saw excellent growth driven by the company’s expansion into savings and retirement needs in July 2025, complementing its existing protection business as a rapidly ageing society continues to fuel the longevity economy. In Thailand, the focus on profitable new business continued through its market-leading exclusive bancassurance partnership with Siam Commercial Bank and agency distribution channels. The transition to a new Chief Executive Officer for Thailand was completed in May when Khun Knattapisit Krutkrongchai joined the company. Strong growth in Expansion Markets, comprising Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, was achieved despite macroeconomic uncertainty in some countries.
These results underscore FWD Group's robust performance and strategic execution. The company serves more than 40 million customers across 10 markets in Asia, and its customer-led, tech-enabled approach continues to drive innovation. In the first half of 2026, FWD introduced 21 new products in response to emerging customer needs. The FWD Group consumer outlook survey released in February 2026 showed that most of Asia’s middle-class feel financially anxious and underprepared for retirement, highlighting the importance of FWD's mission to change the way people feel about insurance.
FWD Group is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com. The original release can be viewed at www.newmediawire.com.
