Business
FWD Group Delivers Record Full Year 2025 Results With Profitable Growth, Improved Capital and Cash Flow Generation
- US$166 million net profit is a six-fold increase*; significant growth in shareholder value creation with comprehensive tangible equity up 18 per cent and Group embedded value up 19 per cent HONG KONG - March 15, 2026 (NEWMEDIAWIRE) - FWD Group Hold...
About this update from Fwd Group Holdings Limited
[{"type":"text","content":"- US$166 million net profit is a six-fold increase*; significant growth in shareholder value creation with comprehensive tangible equity up 18 per cent and Group embedded value up 19 per cent","length":191,"tagName":"p"},{"type":"text","content":"HONG KONG - March 15, 2026 (NEWMEDIAWIRE) - FWD Group Holdings Limited ("FWD Group" or "FWD") today announced its first set of full-year results as a Hong Kong listed company for the 12 months ended 31 December 2025.","length":236,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"ACN Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":200,"url":"https://media.zenfs.com/en/newsmediawire_165/d443bf8356b85dc05000c72321b1a516"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/JaYstFTVyzWv4H0x2nCt.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MztjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/d443bf8356b85dc05000c72321b1a516","width":400,"height":200}}},{"type":"text","content":"- New business sales were up 25 per cent to US$2.446 billion compared to 2024 on an annualised premium equivalent (APE) basis. New business contractual service margin (CSM) was US$1.476 billion, with year-on-year growth of 18 per cent.","length":235,"tagName":"p"},{"type":"text","content":"- Operating profit after tax was up five per cent to US$499 million with positive contributions from each of the company's four geographic reporting segments - Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Emerging Markets.","length":248,"tagName":"p"},{"type":"text","content":"- Net profit of US$166 million is a record IFRS 17 result and for the second consecutive year, FWD Group was operating cash flow positive as at 31 December 2025. Leverage ratio reduced to 21.3 per cent approaching the company's target range of 15-20 per cent.","length":263,"tagName":"p"},{"type":"text","content":"- Significantly increased important indicators of shareholder value creation, with comprehensive tangible equity (CTE) up 18 per cent to US$8.72 billion compared to 31 December 2024 and Group embedded value (EV) up 19 per cent year-on-year to US$6.85 billion. A strong capital position was maintained with a 265 per cent solvency ratio^.","length":337,"tagName":"p"},{"type":"text","content":"- In December 2025, F...