FWD Group Holdings Limited reported strong new business profitability for the nine months ended September 30, 2026, with new business contractual service margin reaching US$1.4 billion, a 22 percent increase year on year. Value of new business rose 18 percent to US$878 million, while new business sales totaled US$1.95 billion on an annualised premium equivalent basis, according to the announcement carried by NEWMEDIAWIRE.
The results matter because they show the pan-Asian insurer expanding margins even as sales growth faced a demanding comparison with a strong 2025, particularly in its Hong Kong and Macau segment. The company attributed the profitability gains to a shift in product mix, notably in Hong Kong, where medium-term endowment sales had featured heavily the prior year. Structural demand for protection and wealth management solutions continued to evolve, and FWD Private, the group's high-net-worth unit, is well established in international cross-border wealth hubs.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director, said disciplined execution, margin expansion and diversification across the pan-Asian platform are driving profitable growth. He noted that a diversified product mix drove excellent new business profitability in Hong Kong, while Thailand returned to new business sales growth in the last quarter.
In Thailand, results reflected a continued focus on higher-margin product sales and a refreshed go-to-market strategy across distribution channels, partly offset by a sustained lower interest-rate environment. Japan delivered outstanding growth in new business sales and profitability through a clear product strategy aimed at capturing demand for savings and retirement solutions in a higher interest-rate environment. The Expansion Markets segment grew on strong sales of investment-linked products in Singapore, increased sales to affluent customers in the Philippines and a thriving digital channel in Malaysia. The group's joint venture in Indonesia, BRI Life, continues to lead the market in bancassurance.
For readers and investors, the figures suggest FWD's strategy of prioritizing quality over volume is translating into measurable margin gains across a platform serving more than 40 million customers in 10 markets. In its first year as a listed company, FWD Group also received recognition for investor engagement, winning the Outstanding Listed Companies Award 2026 from the Hong Kong Institute of Financial Analysts and Professional Commentators, an Excellence Award for First-Year Listed Companies from the Hong Kong Management Association, and a Gold Award at the 40th International ARC Awards. More detail is available in the full release at www.newmediawire.com.
Looking ahead, Huynh said Asia's long-term protection, savings and wealth opportunities remain significant and that the company is well positioned to help more people celebrate living with greater financial confidence. FWD Group, listed on the Hong Kong Stock Exchange under stock code 1828, was established in 2013 and operates in some of the fastest-growing insurance markets in the world; additional information is available at www.fwd.com.
