FWD Hong Kong’s new business FYP and APE growth outperform the industry average in 2025¹

New business single premium surges nearly 70%, ranking third in Hong Kong² Solidifies position as a top five pan-Asian insurer in Hong Kong³

HONG KONG SAR - Media OutReach Newswire - 8 May 2026 - According to the Provisional Statistics on Hong Kong Long-Term Insurance Business – January to December 2025 from the Insurance Authority of Hong Kong, FWD Hong Kong ("FWD") achieved outstanding performance for the full year of 2025:

• New business first year premium (FYP) increased by 59% year-on-year (YoY) and new business annual premium equivalent (APE) increased by 41% YoY, both outperforming the industry average growth of 51% and 38% respectively¹.
• New business single premium increased by 68% YoY, ranking third in Hong Kong².
• New business FYP for participating insurance products ranked third in Hong Kong⁴.

Ken Lau, Managing Director of Greater China and Hong Kong Chief Executive Officer, FWD, said, "FWD Hong Kong delivered exceptional results for the full year of 2025, securing top-three market rankings in key business indicators which demonstrated our comprehensive growth momentum. In particular, the strong performance of our participating products underscores a balanced portfolio that excels in both health protection and wealth management. Our tied agency force also expanded by 11% YoY, more than five times the industry average⁵, reflecting our commitment to expanding the team and our confidence in future growth. As we solidify our position as a top five pan-Asian insurer by business scale in Hong Kong³, we will continue to stand by our customer-led approach, bridging protection gaps with innovative products, and changing the way people feel about insurance."

In 2025, FWD's key distribution channels posted strong YoY double-digit growth that surpassed industry average:

• Tied agency channel: New business FYP increased by 52% YoY, outpacing the industry average growth of 42%².
• Bank channel: New business FYP grew by 35% YoY, outperforming the industry average growth of 33%².
• Brokerage channel: New business FYP surged by 89% YoY, exceeding the industry average growth of 79%².

Growth in tied agency team significantly outpaces the industry

FWD's strategic focus on expanding its professional team continues to yield impressive results. The tied agency force grew by 11% YoY in 2025—a rate more than five times the industry average of 2%⁵—further strengthening the company's distribution capabilities.

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¹ Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation combines individual and group businesses.

² Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation includes individual business only.

³ According to Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong, as well as FWD's own assessment based on market information, FWD ranks among the top five pan-Asian insurers in Hong Kong in both new business FYP and new business case count rankings. Calculated based on individual and group businesses. Pan-Asian insurers refer to multinational insurers currently having a well-established operation in the Asian market with multiple distribution channels.

⁴ Provisional Statistics on Hong Kong Long Term Insurance Business – January to December 2025, Insurance Authority of Hong Kong. The calculation includes individual business and non-bank insurers only.

⁵ 《Pi Financial Services Intelligence report》- December 2025.
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About FWD Hong Kong

FWD Hong Kong is part of the FWD Group (1828.HK), a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD Hong Kong is firmly positioned as a top five pan-Asian insurer by business scale in Hong Kong^*.

FWD Hong Kong has been assigned strong financial ratings by international agencies. It offers life and medical insurance, employee benefits, and financial planning.

FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information about FWD Hong Kong, please visit www.fwd.com.hk.

^*According to Provisional Statistics on Hong Kong Long Term Insurance Business - January to December 2025, Insurance Authority of Hong Kong, as well as FWD's own assessment based on market information, FWD ranks among the top five pan-Asian insurers in Hong Kong in both new business first year premium and new business case count rankings. Calculated based on individual and group businesses. Pan-Asian insurers refer to multinational insurers currently having a well-established operation in the Asian market with multiple distribution channels.

source: FWD Hong Kong