FWD Group's new business value rises 6% to $623m in 9M 2024

New business sales rose to $1.4b.

FWD Group Holdings saw its value of new business (VNB) reach $623m for the nine months ending 30 September.

This was a 6% year-on-year (YoY) increase. New business sales rose to $1.4b, marking a 13% YoY climb.FWD’s geographic business segments—Hong Kong & Macau, Thailand & Cambodia, Japan, and Emerging Markets—all posted VNB growth over the first nine months. 

Hong Kong & Macau showed notable new business sales growth, driven by local demand and an increase in Mainland Chinese visitors. 

“New business sales growth was particularly strong in Hong Kong SAR & Macau SAR, reflecting local demand as well as the return of Mainland Chinese visitors,” Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group said in a statement.