Group 1 - FWD Group Limited has officially launched its IPO on the Hong Kong Stock Exchange, offering 91,342,100 shares at a price of HKD 38 per share, marking a significant milestone after ten years of attempts to enter the capital market [1][4] - The global offering consists of 10% of shares available for Hong Kong and 90% for international investors, with a 15% over-allotment option, aiming to attract both retail and institutional investors [4] - The net proceeds from the IPO will primarily be used to enhance capital strength, expand business in emerging markets like Southeast Asia, and accelerate digital transformation and channel upgrades [4] Group 2 - FWD Group reported a net profit of USD 24 million for 2024, marking its first profit under the new IFRS 17 accounting standard, with a year-on-year operating profit increase of 28.6% to USD 463 million [5] - The new business margin (CSM) surged by 30.5% to USD 1.222 billion, with annual new premiums increasing from USD 309 million in 2014 to USD 1.916 billion in 2024, representing a growth of 520.1% over ten years [5] - The company has achieved full digital tool coverage and has developed the FWD Cube platform, which integrates generative AI features, significantly increasing electronic insurance application rates in markets like Thailand and the Philippines [5] Group 3 - The IPO reflects a revaluation of the Asian insurance market amid digital transformation, with FWD Group's valuation reaching USD 6 billion since its acquisition of ING's Hong Kong and Macau business for USD 2.1 billion in 2013 [6] - The company is expected to leverage its enhanced capital strength to embark on a new journey in the pan-Asian insurance technology sector, potentially setting a new benchmark for the capitalization paths of regional financial institutions [6]