HONG KONG, May 2, 2025 - (ACN Newswire) - 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. Quarter ended 31 March^

US$ millions, except for percentages 2024 2025 Growth(year on year CER basis)

New business growth indicators

New business sales (APE) 460 679 46%

New business CSM 297 465 55%

Value of new business (VNB) 215 287 32%

About FWD Group

FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. For more information, please visit www.fwd.com

For media inquiries, please contact: groupcommunications@fwd.com

Source: FWD Group Holdings Limited

^The unaudited results are for the three months ended 31 March 2025 and are compared to the same period in 2024. Growth rates are represented on a constant exchange rate (CER) basis. New business sales are calculated on an annual premium equivalent (APE) basis, based on 100 percent annual premiums and 10 percent single premiums. New business CSM excludes the impact of one-off reinsurance contracts on in-force business.

Source: FWD Group Holdings Limited

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