FWD Group Holdings Limited has announced its interim results for the six months ended 30 June 2026, revealing a record net profit after tax of US$172 million, a three-fold increase compared to the same period in 2025. The company reported earnings per share of US$0.13, underscoring its strong financial performance and the effectiveness of its strategic initiatives.
New business sales grew by seven per cent to US$1.35 billion on an annualised premium equivalent (APE) basis, while new business contractual service margin reached US$996 million, a year-on-year increase of 25 per cent. Operating profit after tax rose by 20 per cent to US$298 million, with positive contributions from all four reportable segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Expansion Markets.
Key shareholder value indicators also trended positively. Comprehensive tangible equity increased by five per cent to US$8.83 billion, and Group embedded value rose by five per cent to US$6.95 billion compared to 31 December 2025. The company maintained a robust solvency ratio of 203 per cent, even after adopting economic value-based solvency regulation in Japan.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, 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. 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."
The company's home market of Hong Kong SAR continued to show momentum despite record prior-year growth, supported by resilient domestic demand and the city's role as a major cross-border wealth hub. In Japan, excellent growth was driven by the expansion into the savings and retirement needs segment in July 2025, addressing the demands of a rapidly ageing society. Thailand maintained its focus on profitable new business through its exclusive bancassurance partnership with Siam Commercial Bank and agency channels, with Khun Knattapisit Krutkrongchai (KK) taking over as CEO in May. Expansion Markets, including Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, achieved strong growth despite macroeconomic uncertainties.
The company also highlighted strategic developments: in May, it announced a key hire 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 Group 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.
Across the region, FWD introduced 21 new products in the first half of 2026 to meet emerging customer needs. The company's consumer outlook survey, released in February 2026 prior to the outbreak of conflict in the Middle East, indicated that most of Asia's middle-class feel financially anxious and underprepared for retirement, highlighting the importance of FWD's customer-centric approach.
FWD Group serves over 40 million customers across 10 markets in Asia and is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, visit www.fwd.com.
