BRIEF: FWD reports $47 million profit in first half of 2025
Insurance company FWD Group Holdings Ltd. (1828.HK) said on Friday its new business sales, measured by annualized new premiums, jumped 38% year-on-year to $1.25 billion in the first-half of this year, while its net profit reached a record $47 million.
The company’s operating profit after tax climbed 9% to $251 million, with Hong Kong and Macao, Thailand, Cambodia, Japan and other markets all delivering positive contributions.
“We intend to use the net proceeds of our recent IPO to further enhance our capital position and financial flexibility, which may involve reducing debt, in support of further growth and reach with customers, digital capabilities and channels,” said CEO Huynh Thanh Phong.
Shares of FWD were up about 3.2% at HK$44.04 late in the trading day on Friday. The stock is up about 16% from its IPO price in July.
By Lau Chi Hang
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