FWD HK Sees 90% Year-Over-Year Increase in Annualized Premiums for New Business in 1H25
Business Growth: FWD Hong Kong reported a 90% year-on-year increase in new business annualized premiums and a 128% rise in new business first year premiums for the first half of 2025, significantly outperforming industry averages.
Product Diversification: The company has launched a variety of new products, including cross-border medical insurance and indexed universal life insurance, aimed at addressing diverse customer needs.
Future Plans: FWD intends to continue introducing innovative and high-quality products and services to enhance its offerings in the market.
Market Performance: The company's new business sales in Hong Kong and Macau saw an 85% growth, reflecting strong market performance and demand for their insurance products.
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Stock Performance Overview: Various Hong Kong stocks showed mixed performance, with ZIJIN GOLD INTL and MINIMAX-WP experiencing significant gains, while others like GUMING and CHERY AUTO faced declines.
Short Selling Data: Short selling activity varied across stocks, with FWD showing a high short selling ratio of 16.999%, while NANSHAN AL INTL had a notably low ratio of 0.135%.
Market Capitalization Insights: The market capitalization at the end of the lock-up periods for these stocks ranges from 21.4 billion to 406.6 billion, indicating varying levels of investor interest and company valuations.
Future Lock-up Dates: Key lock-up expiration dates for these stocks are set between early 2026 and late 2026, which may impact trading strategies and stock performance as these dates approach.

FWD Tower Inauguration: FWD Hong Kong has officially opened the "FWD Tower" at Taikoo Place, Quarry Bay, marking it as the company's new headquarters to support its strategic growth.
Commitment to Hong Kong: Chairman Frederick Ma emphasized the company's long-term commitment to Hong Kong, highlighting its investment in the region and its goal to serve over 34 million customers across Asia.
Stock Performance Overview: Several insurance stocks in Hong Kong experienced declines, with PING AN dropping 2.071% and AIA decreasing by 0.593%, while CHINA LIFE saw a slight increase of 0.381%.
Short Selling Activity: Notable short selling figures were reported, with PING AN having a short selling ratio of 22.857% and CHINA LIFE at 27.436%, indicating significant market speculation against these stocks.
Analyst Ratings: Most companies listed, including PING AN, CHINA LIFE, and AIA, received an "Overweight" rating, suggesting analysts are optimistic about their long-term performance despite current market fluctuations.
Market Sentiment: Goldman Sachs expressed optimism regarding AIA's growth prospects in China and Hong Kong for the current year, highlighting a positive outlook amidst the overall market challenges.
Fitch Rating Upgrade: Fitch has upgraded the Outlook on FWD's Issuer Default Rating (IDR) and Insurer Financial Strength (IFS) Ratings from "Stable" to "Positive," while affirming the IDR at "BBB+" and IFS Ratings at "A."
Profitability and Capital Adequacy: The positive outlook indicates Fitch's expectation that FWD will enhance profitability and maintain strong capital adequacy, aided by lower financial leverage and improved financial flexibility from recent refinancing activities.

Index Adjustments: FWD, AUX ELECTRIC, INNOGEN-B, and CHERY AUTO have been added to the eligible securities list for Southbound Trading of Stock Connects due to the regular adjustment of the Hang Seng Composite MidCap Index.
Market Performance: The stocks experienced declines, with FWD down 2.456%, AUX ELECTRIC down 2.214%, INNOGEN-B down 12.864%, and CHERY AUTO down 2.982%.
Short Selling Data: FWD had a short selling volume of $19.20 million with a ratio of 32.933%, while CHERY AUTO had a short selling volume of $1.75 million with a ratio of 1.082%.
Effective Date: The changes to the eligible securities list took effect on December 8, as announced by the Shanghai Stock Exchange and Shenzhen Stock Exchange.

Donation for Relief Efforts: FWD announced a donation of HK$10 million to aid emergency relief and recovery following the deadly fire at Wang Fuk Court in Tai Po.
Condolences Extended: The company expressed its deepest condolences to the affected residents, families, and the community mourning the tragedy.







