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HONG KONG, Sept.
14, 2022 /PRNewswire/ -- FWD Limited, an integrated subsidiary of FWD Group Limited ("FWD Group" or "the Company"), has announced to The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") the latest information and additional information, including the results
of The FWD Group for the six months ended 30 June 2022, in an announcement made by the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") on its listed notes and perpetual securities.
As noted in the document, FWD continued to deliver strong organic growth in the first half of 2022, with new business value reaching $405 million, up 25% year-on-year.
Segment adjusted pretax operating profit of $200 million, more than doubled from the year-ago quarter.
Mr.Wong, Chief Executive Officer and Executive Director of FWW, said, "With our proven strategy, our organic growth momentum continues to be strong
.
In nine years, the size of the FWD Group has reached a critical stage and ushered in a turning point
.
Our results are even more impressive as the industry and the Asian region continue to face the challenges posed by the COVID-19 pandemic
.
"
"FWD adheres to the customer-first service concept, combining digital platforms and reliable distribution channels, and is committed to creating a new insurance experience for the public.
Asia's life insurance market is huge and promising, and we are confident that by making insurance easier, we can serve
more digitally savvy customers and a growing middle class.
"
The announcement provides bondholders with an update on the consent solicitation process, as well as additional information
on the financial performance of FWES Group.
If the previously announced plan is fully implemented, FWD will replace it as a securities issuer
.
The announcement is available on the HKEx website
.
This translation is for reference only and in the event of any discrepancy between the English and Chinese versions, the English version shall prevail
.
