FWD Group reports exceptionally strong first quarter new business update
HONG KONG, May 2, 2025 – (ACN Newswire via SeaPRwire.com) – FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced exceptionally strong first quarter new business highlights for the three months ended 31 March 2025.- New business contractual service margin (“New business CSM”) growth of 55 percent year-on-year, to US$465 million. This adds to the company’s overall CSM balance, which is released over time to its income statement under IFRS 17.- New business sales (“APE”) growth of 46 percent, compared to the same corresponding period last year, to US$679 million.- Extended FWD Group’s partnership with JA Worldwide in April for a further three years to help primary school students in Asia develop financial literacy, through the award-winning programme, JA SparktheDream.Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said, “FWD Group had a very strong start to the year, with our customer-led strategy driving some incredible new business results. We continued to re…