FWD Group's new business sales climb 37% on regional growth in 9M 2025

FWD launched more than 40 new products in 2025.

FWD Group Holdings Limited’s nine months to 30 September (9M 2025) saw new business sales rise 37% year-on-year (YoY) to $1.94b on an annualised premium equivalent basis.

The insurer said it recorded solid performances across most of its 10 Asian markets during the 9M 2025.

FWD launched more than 40 new products in 2025 to address growing customer demand for protection, health, and savings solutions.

Group CEO and Executive Director Huynh Thanh Phong said the strong results reflected organic growth across most markets and continued value creation for shareholders. 

He added that the debt refinancing and IPO proceeds have strengthened the company’s balance sheet and positioned it well to accelerate its customer-led growth strategy.

In Hong Kong and Macau, strong demand from local and visiting customers drove robust new business growth. 

Emerging markets including Singapore, Malaysia, the Philippines, and Indonesia, through joint venture BRI Life, posted double-digit increases in new business sales. 

In Japan, growth came from the individual protection business and FWD’s expansion into the retirement and savings segment.

Meanwhile, the low-interest-rate environment continued to weigh on new business indicators in Thailand and Cambodia.