Core Viewpoint - AIA Group reported a strong performance for the first half of 2025, with new business value increasing by 14% to USD 2.838 billion, reflecting the company's strategic focus on high-quality underwriting and market opportunities in Asia [1][2] Financial Performance - New business value rose 14% to USD 2.838 billion, with a new business value margin increasing by 3.4 percentage points to 57.7% [1] - Annualized new premiums reached USD 4.942 billion, an 8% year-on-year increase [1] - After-tax operating profit was USD 3.609 billion, up 6% year-on-year, with basic after-tax operating profit per share at HKD 0.3394 [1] - The insurance services segment saw a 19% growth in after-tax operating profit to USD 3.517 billion, indicating strong performance driven by new business and positive claims experience [1] Margins and Surplus - The basic contract service margin increased to 10.3%, contributing USD 3.043 billion to after-tax operating profit, with an ending contract service margin of USD 61.38 billion [2] - Basic free surplus, a key operational metric for cash generation, was USD 3.569 billion, reflecting a 10% increase per share [2] Distribution and Market Strategy - The "Best Agents" platform, a core distribution channel, saw a 17% increase in new business value, driven by the adoption of generative AI and increased productivity among active agents [2] - The partnership distribution channel also contributed to growth, with new business value rising by 8% in the first half of the year [2] Long-term Outlook - The company maintains a target of a compound annual growth rate of 9% to 11% for after-tax operating profit per share by August 2024 [1] - The CEO emphasized the attractiveness of the Asian life and health insurance market, driven by rising wealth and low insurance penetration, supporting the company's long-term business prospects [2]

Core Viewpoint - FWD Group Limited has officially listed on the Hong Kong Stock Exchange on July 7, 2025, under stock code 1828, marking a significant milestone for the company and highlighting Hong Kong's advantages as a listing location [1][4][9] Group 1: Company Overview - FWD Group serves approximately 30 million customers across ten Asian markets, focusing on life and health insurance [9] - The company was founded in 2013 and has been operating in some of the fastest-growing insurance markets globally, emphasizing a customer-centric approach and technology-driven operations [9] Group 2: Leadership Statements - Li Ka-shing, the founder of FWD Group, stated that the listing is a crucial milestone for the company and reflects the strong appeal of its business and strategies [1][4] - Professor Mark T. H. Ma, Chairman of FWD Group, welcomed new investors and noted the enthusiastic market response to the IPO, indicating significant opportunities in meeting the unique needs of customers across Asia [4] - CEO Huang Qingfeng expressed gratitude to customers, partners, and employees for their support, emphasizing the company's commitment to creating innovative insurance experiences [6] Group 3: Use of Proceeds - FWD Group plans to use the net proceeds from the global offering to enhance capital strength and financial flexibility, including reducing overall debt to support business growth and expand customer and channel coverage [8]