Core Insights - The Hong Kong Insurance Authority reported a total gross premium of 637 billion HKD for the first three quarters of 2025, representing a year-on-year increase of 32.5% [1] Long-term Business - New policy premiums for long-term business (excluding retirement plans) reached 264.5 billion HKD, up 55.9% year-on-year, primarily driven by non-linked individual business at 251.5 billion HKD and linked individual business at 12.7 billion HKD [1] - Approximately 50,000 qualified deferred annuity policies were issued, contributing 3.2 billion HKD or 1.2% of the total individual business [1] - Total premium income for long-term effective business was 554.1 billion HKD, a 36.6% increase year-on-year, including 488.2 billion HKD from non-linked individual business, 21.5 billion HKD from linked individual business, and 39 billion HKD from retirement plans [1] General Business - For general business, gross and net premiums were 82.9 billion HKD and 56 billion HKD respectively, reflecting year-on-year increases of 10.5% and 8.3% [1] - Total claims paid amounted to 38 billion HKD, showing a slight decline of 0.9% year-on-year [1] - Overall operating profit was 10.1 billion HKD, with underwriting profit contributing 3.5 billion HKD [1] Assets and Net Assets - As of September 30, 2025, total assets for long-term business increased to 5,284.1 billion HKD, with net assets at 731.7 billion HKD [1] - Total assets for general business rose to 335.5 billion HKD, with net assets at 135.1 billion HKD [1]