FWD Group Holdings Limited announced 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 grew 7% to US$1.35 billion on an annualised premium equivalent (APE) basis, while new business contractual service margin increased 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, as highlighted by Group Chief Executive Officer Huynh Thanh Phong. The company's diversified geographic footprint and multi-channel distribution model have been key drivers, along with a robust capital structure. Comprehensive tangible equity rose 5% to US$8.83 billion, and Group embedded value increased 5% to US$6.95 billion compared to 31 December 2025. The solvency ratio remained strong at 203% after adopting economic value-based solvency regulation in Japan.
The company's home market of Hong Kong SAR continued to show momentum despite record prior-year growth, supported by resilient domestic demand and its status as a major cross-border wealth hub. In Japan, excellent growth was driven by expansion into the savings and retirement needs segment in July 2025, complementing its existing protection business as the ageing society fuels the longevity economy. In Thailand, the focus on profitable new business continued through its exclusive bancassurance partnership with Siam Commercial Bank and agency channels, with a new CEO appointed in May. Expansion Markets, comprising Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, achieved strong growth despite macroeconomic uncertainty in some countries.
FWD Group 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, the company received globally recognised certification for the development, procurement, deployment, and use of artificial intelligence (AI) systems, achieving the ISO/IEC 42001 standard from the International Organisation for Standardisation/International Electrotechnical Commission, reflecting the growing maturity and responsible use of AI at FWD Group.
During the first half of 2026, 21 new products were introduced across the region 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 customer-led approach. With over 40 million customers across 10 markets, FWD Group (1828.HK) continues to focus on innovative propositions and a simpler insurance experience, aiming to change the way people feel about insurance.
