FWD profit triples to record $172m in H1 2026

All four reportable segments contributed positively during the six-month period.

FWD Group’s net profit after tax reached $172m for the six months ended 30 June 2026 (H1 2026), a three-fold increase on the first half of 2025 and a record result for the group.

It also saw new business sales rise 7% year-on-year (YoY) to $1.35b on an annualised premium equivalent basis.

New business contractual service margin rose 25% YoY to $996m.

Operating profit after tax increased 20% YoY to $298m in H1 2026, with all four reportable segments – Hong Kong SAR and Macau SAR, Thailand and Cambodia, Japan, and Expansion Markets – contributing positively. 

Comprehensive tangible equity rose 5% YoY to $8.83b, whilst group embedded value increased 5% YoY to $6.95b, both compared with 31 December 2025. The group's solvency ratio stood at 203% following the adoption of economic value-based solvency regulation in Japan.

Huynh Thanh Phong, group CEO and executive director of FWD Group, said the company had a strong start to its first full year as a listed entity, converting growth into higher profitability whilst expanding margins. 

He attributed this to the diversification of its geographic footprint and multi-channel distribution model built over the past 13 years, along with its capital structure.

The group introduced 21 new products across the region in H1 2026. 

A consumer outlook survey published by FWD Group in February 2026, before the outbreak of conflict in the Middle East and the resulting global energy shocks, found that most of Asia's middle class feel financially anxious and underprepared for retirement.