FWD Group Holdings Limited (FWD Group) 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's operating profit after tax also 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. This performance underscores the effectiveness of FWD Group's diversified geographic footprint and multi-channel distribution model, which have been key drivers of its sustained growth.
The company's new business sales grew by seven per cent year-on-year to US$1.35 billion on an annualised premium equivalent (APE) basis. The new business contractual service margin reached US$996 million, a 25 per cent increase from the prior year, reflecting improved profitability and margin expansion. 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. 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 the savings and retirement needs segment in July 2025, complementing its existing protection business as a rapidly ageing society continues to fuel the longevity economy. Thailand maintained its focus on profitable new business through its 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 (KK) joined the company. Strong growth in Expansion Markets – comprised of Indonesia, Malaysia, the Philippines, Singapore, and Vietnam – was achieved despite macroeconomic uncertainty in some countries.
The company also highlighted its commitment to technological innovation and responsible AI adoption. In July, FWD Group received the ISO/IEC 42001 certification from the International Organisation for Standardisation/International Electrotechnical Commission, reflecting the growing maturity and responsible use of AI systems at the company. Additionally, a key hire was announced 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.
Shareholder value creation indicators continued to trend positively, with comprehensive tangible equity up five per cent to US$8.83 billion and Group embedded value up five per cent to US$6.95 billion compared to 31 December 2025. FWD Group retained a solvency ratio of 203 per cent, after the adoption of economic value-based solvency regulation in Japan. Across the region, 21 new products were introduced in the first half of 2026 in response to emerging customer needs.
These results are the latest example of the strong track record FWD Group is building as a listed company serving more than 40 million customers across 10 markets in Asia. The company remains heavily focused on anchoring around the customer, aided by transformational technological innovation. For more information, visit www.fwd.com.
