Core Viewpoint - FWD Group Limited has submitted a new listing application to the Hong Kong Stock Exchange, marking its fourth attempt since previous submissions were invalidated. The company is a rapidly growing pan-Asian life insurance provider founded in 2013 by Richard Li, focusing on customer-centric and digitally empowered solutions [2]. Company Overview - FWD Group operates in the life insurance sector, offering a diversified product portfolio that includes life insurance, health insurance, employee benefits (group insurance), and wealth management products [2]. - The Southeast Asian market, which includes Thailand, Cambodia, the Philippines, Indonesia, Singapore, Vietnam, and Malaysia, is expected to contribute approximately 50% of the company's new business contract service margin in 2024 [2]. Financial Performance - For the years ending December 31, 2022, 2023, and 2024, FWD Group reported insurance revenue of $2.408 billion, $2.756 billion, and $2.724 billion, respectively [3]. - The net profit figures for the same years were -$320 million, -$717 million, and $10 million, with the attributable net profit to equity holders being -$320 million, -$733 million, and $2.4 million [3]. Shareholding Structure - As of the date of the listing document, Richard Li holds 66.70% of the voting rights through PCGI Holdings, indicating a significant control over the company [4]. Board Composition - The board of FWD Group consists of thirteen directors, including two executive directors, two non-executive directors, and nine independent non-executive directors [5]. - Key executives include Richard Li as an executive director and Huynh Thanh Phong as the Group CEO, who has extensive experience in the insurance industry [6][7]. Executive Compensation - In 2024, Huynh Thanh Phong's compensation was reported to be $3.424 million [6].
富卫集团IPO:主席马时亨73岁高龄,58岁CEO黄清风去年领薪342万美元
Sou Hu Cai Jing·2025-05-23 01:52