Life and Health Insurance

FWD Hong Kong Sees Strong Growth in New Business Premiums Last Year

Citi Research Gives FYCH a Buy Rating with Target Price of HKD43.2

JPMorgan Reports FWD Group's Q1 New Business Value Growth Exceeds Expectations

DBS reiterates buy rating on FWD Group with a target price of HKD 48.00

Morgan Stanley Publishes Report on FWD Group's First Quarter Performance Meeting Expectations

Liqun Bank Signs Insurance Partnership Agreement with FWD Macau

FWD FY2026 Q1 Earnings Release on April 30 During-Market BJT

Morgan Stanley Predicts FWD Group Q1 2026 Growth of 5.6%

FWD Group Publishes Issuance Prospectus for a $5 Billion Global Medium-Term Note and Capital Securities Program

FWD Hong Kong Sees Significant Increase in New Business Premiums in 2025 with High Claim Settlement Rates

JPMorgan Raises FWD Group's CSM Forecast and Lowers Free Surplus Projection

Goldman Sachs Raises FY26-28 FWD VNB and CSM Forecasts but Cuts IV and Target Price for FWD

FWD Group CFO Discusses Middle East Investment Risk Exposure and Future Strategy

FWD Group Announces FY2025 Profit Turnaround

FWD Group Reports $166M Net Profit in 2025, Aims to Focus on Asia in 2026

FWD released FY2025 9 Months Earnings on March 15 Post-Market (BJT), actual revenue HKD 17.85 B, actual EPS HKD 0.7536

FWD released FY2025 Q3 earnings on March 15 (BJT), actual revenue HKD 5.923 B, actual EPS HKD 0.3628

FWD released FY2025 Annual Earnings on March 15 Post-Market (BJT), actual revenue HKD 23.77 B (forecast HKD 44.72 B), actual EPS HKD 1.0144 (forecast HKD 0.7699)

FWD released FY2025 Q4 earnings on March 15 (BJT), actual revenue HKD 6.15 B, actual EPS HKD 0

DBS Upgrades FWD Group to Buy with a Target Price of HKD 50

I.CENTURY HLDG

RIVERINE CHINA

KOS TALENT GP

CHINA CBS INTL

NATURE ENERGY T

DIGIT HOLLYWOOD

REDCO HEALTHY

ZXZN QI-HOUSE

ASIA PIONEER

HUISHENG INTL

01828

Bank of America Securities has reaffirmed its Buy rating on FWD Group Holdings Limited (1828), setting a price target of HK$43.20. The stock closed at HK$30.88, indicating a potential upside of 44.88% based on the analyst consensus price target of HK$44.74. Additionally, DBS also reiterated a Buy rating with a price target of HK$48.00.

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Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

Bank of America Securities Reaffirms Their Buy Rating on FWD Group Holdings Limited (1828)

FWD Group Holdings Limited has corrected figures in its recent share award grant to CEO Huynh Thanh Phong, clarifying that it granted 6,088,294 restricted share units and 7,974,702 performance share units. The total grant now covers 14,062,996 share awards, with adjustments made to future grant capacity. This correction aims to enhance transparency in equity-based compensation, aligning leadership incentives with shareholder interests. The latest analyst rating for FWD Group (HK:1828) is a Buy, with a price target of HK$48.00.

FWD Group Corrects Figures in Share Award Grant to CEO and Updates Plan Capacity

BofAS has initiated coverage on FWDwith a Buy rating and a target price of HKD43.2. The broker anticipates FWD's Value of New Business (VNB) growth to be 17% to 19% over the next two to three years, surpassing the 10% to 15% growth expected for larger peers. FWD is optimizing its capital structure to boost profitability, and its current valuation is at a 50% discount compared to industry leader AIA. The valuation gap is expected to narrow with business and earnings growth.

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AIA-R

AIA Group

BofAS Initiates FWD  at Buy with TP HKD43.2, Sees VNB Growth Outpacing Peers

FWD Group Holdings Limited has granted over 14.8 million share awards to its CEO and 377 employees, including 6.3 million restricted share units and 8.5 million performance share units. This initiative aims to align interests with shareholders, support long-term growth, and enhance retention. The performance share units are linked to key performance indicators, while the restricted share units have a vesting period of three to four years. The compensation committee believes the vesting schedule promotes long-term commitment. The latest analyst rating for FWD Group stock is a Buy with a target price of HK$48.00.

FWD Group Grants Over 14.8 Million Share Awards to CEO and Staff

JPMorgan Chase's report indicates that FWDachieved a 9% YoY increase in new business value to USD314 million in 1Q26, surpassing the forecast of USD244 million. The new business contractual service margin rose to 43.5%. Despite a 19% year-to-date stock price decline, JPM maintains an Overweight rating on FWD with a target price of HKD47, viewing the growth as a positive signal.

JPMorgan Chase

Hang Seng Index

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM: FWD  1Q26 New Business Value Beats; Maintains Overweight

DBS has reaffirmed a Buy rating on FWD Group Holdings Limited (1828) with a price target of HK$48.00. Analyst Ken Shih, a 5-star analyst with a 26.4% average return and 83.02% success rate, covers the Financial sector. The overall analyst consensus for FWD Group is a Strong Buy, with an average price target of HK$45.13.

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Prudential USD

Prudential

DBS Reaffirms Their Buy Rating on FWD Group Holdings Limited (1828)

FWD Group Holdings Limited reported a 4% year-on-year increase in new business sales for Q1 2026, reaching US$720 million, with a new business contractual service margin up 18% to US$556 million. The growth was driven by Japan and Southeast Asia, while Hong Kong and Macau benefited from strong domestic demand. FWD launched 11 new products and appointed Knattapisit Krutkrongchai as Thailand CEO, reflecting confidence in Asia's middle class. Analysts rate the stock (HK:1828) as a Buy with a target price of HK$43.00.

FWD Group posts strong Q1 2026 new business growth across Asia

FWD Group Holdings Limited has scheduled its annual general meeting for May 29, 2026, in Hong Kong. Shareholders will review the audited financial statements for 2025, re-elect directors, and vote on a new non-executive director. The agenda includes approving a mandate for issuing new shares, enhancing capital-raising flexibility and governance continuity. The latest analyst rating for FWD Group (HK:1828) is a Buy with a price target of HK$43.00. FWD Group is a Hong Kong-based insurance company operating across Asia.

FWD Group Sets 2026 AGM to Renew Board and Capital Mandates

FWD Hong Kong expects the claim success rate to reach 95% by 2025. Richard Yu, Chief Product Officer and Director of Healthcare, stated that the first-year premium for new business increased by 93% year-on-year, and the annualized premium rose by 74%. Health protection products account for about 60% of the total number of policies, while wealth management products make up 40%. FWD is the first insurance company in the market to simultaneously offer both protection-type and savings-type indexed universal life insurance, and it is expected to continue optimizing and upgrading its IUL products in the second half of the year

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FWD Hong Kong's successful claims settlement rate reached 95% in 2025

FWD(01828.HK)