Firm reports a $47 million earnings surge during first half of 2025
In the first half of 2025, FWD Group Holdings Ltd., a leading insurance provider, has reported a strong performance. The company's new business sales soared by 38% year-on-year, reaching an impressive $1.25 billion.
This growth was driven by positive contributions from various markets, including Hong Kong and Macao, Thailand, Cambodia, Japan, and others. As a result, the company's net profit for the first half of the year reached a record $47 million.
FWD Group Holdings Ltd.'s stock price also reflected this positive momentum. During late trading on Friday, the stock was up about 3.2%, reaching HK$44.04. This marks a 16% increase from its IPO price in July.
The CEO of FWD Group Holdings Ltd., Thanh Phong Huynh, attributed this success to the company's strategic use of the net proceeds from its Initial Public Offering (IPO). Huynh stated that the funds would be used to enhance the company's capital position and financial flexibility.
This capital infusion may be used in several ways, including reducing debt, supporting further growth, reaching more customers, improving digital capabilities, and expanding channels.
The company's operating profit after tax also saw a 9% increase, climbing to $251 million in the first half of the year.
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This article was written by Lau Chi Hang.
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