FWD Group Holdings Limited has announced a record interim profit for the first half of 2026, with net profit after tax tripling to US$172 million, reflecting the company's strong growth trajectory and strategic execution. The results, released on August 26, 2026, underscore the insurer's ability to convert growth into bottom-line profitability while expanding margins.
The company reported new business sales of US$1.35 billion on an annualised premium equivalent (APE) basis, a seven per cent increase from the prior corresponding period. New business contractual service margin grew by 25 per cent year-on-year to US$996 million. Operating profit after tax rose 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.
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. The Group retained a solvency ratio of 203 per cent, after the adoption of 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.”
In 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. In Thailand, the focus on profitable new business continued in the company’s market-leading exclusive bancassurance partnership with Siam Commercial Bank and agency distribution channels. Strong growth was also achieved in Expansion Markets, comprising Indonesia, Malaysia, the Philippines, Singapore, and Vietnam, despite macroeconomic uncertainty in some countries.
FWD Group also made strategic moves in the first half of 2026, including 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. Additionally, 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. This certification reflects the growing maturity and responsible use of AI at FWD Group.
Across the region, 21 new products were introduced 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.
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. “At FWD Group, we remain heavily focused on anchoring around the customer – aided by the golden age of transformational technological innovation that we’re living in,” added Huynh Thanh Phong.
