FWD Group Holdings Limited reported robust new business highlights for the first quarter ended March 31, 2026, showcasing consistent growth across its pan-Asian operations. New business sales rose 4% to US$720 million on an annualised premium equivalent (APE) basis, while new business contractual service margin reached US$556 million, an 18% year-on-year increase. The company also introduced 11 new products across the region, addressing consumer concerns highlighted in its February 2026 survey, which found that most of Asia’s middle-class feel financially anxious and underprepared for retirement.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, attributed the strong performance to the company’s diversified footprint and distribution model. “Japan and our Expansion Markets in Southeast Asia were key drivers of growth, alongside another solid performance from Hong Kong SAR, despite the high base effect from a record first quarter comparison in 2025,” he said. The Expansion Markets segment, comprising Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, posted excellent growth driven by broker and independent financial advisor channels and solid bancassurance results.
Japan reported strong growth, reflecting the boost from its strategic expansion into the retirement and savings segment in mid-2025, complementing its long-standing protection business. The Hong Kong SAR & Macau SAR segment continued to grow, supported by both domestic demand and its role as a financial hub. In Thailand & Cambodia, the focus remained on developing quality new business amid sustained growth headwinds from the lower rate environment. The company announced that Khun Knattapisit Krutkrongchai will join as CEO for Thailand on May 11, 2026, subject to regulatory approvals.
Phong expressed confidence in the long-term outlook, noting, “The rising middle-class trend in Asia will continue, despite near-term external shocks. The high-net-worth segment served by FWD Private remains positive, particularly given the strength of financial hubs like Hong Kong SAR where we are headquartered.” The results underscore FWD’s ability to navigate market challenges while capitalizing on opportunities in its key markets. For more details, visit FWD Group and see the original release on NewMediaWire.
