FWD (01828) releases third quarter performance, with new business sales totaling $1.935 billion US dollars, an increase of 37% year-on-year.

FWD (01828) announced its performance for the nine months ending September 30, 2025, with a new business sales volume of $1.935 billion, representing a 37% year-on-year increase; the new business contract services margin was $1.158 billion, a 27% year-on-year increase. During the same period, the growth rates of new business contract services margin and new business value were 27% and 17% respectively. These achievements further enhance the potential for increasing shareholder value, which is reflected in the growth of contract services margin and the intrinsic value within the group. FWD continues to demonstrate strong momentum in its balanced and diversified distribution channels. Especially in the high net worth client markets of Hong Kong and Singapore, outstanding performance has been driven by the group's insurance brokers/independent financial advisors, with double-digit growth in new business sales volume on an annual basis, now accounting for 37% of the group's overall business. Strong demand from local and inbound clients continues to drive strong growth in new business in the Hong Kong Special Administrative Region and the Macau Special Administrative Region. The new business sales volume in the emerging market branches has achieved strong double-digit growth, reflecting the growth momentum of Singapore, Malaysia, the Philippines, and the group's joint venture in Indonesia, BRI Life. In Japan, the growth in new business sales volume reflects the steady performance of personal protection business and FWD's recent entry into the retirement and savings market. The low interest rate environment continues to impact the performance of new business in Thailand and Cambodia.