The Hong Kong Insurance Authority published provisional statistics for 2025 showing total gross premiums of HKD 827 billion, up 29.7%, with growth led by long term business. In long term business, new office premiums (excluding Retirement Scheme business) totalled HKD 330.9 billion, up 50.6%, driven mainly by Non-Linked individual business of HKD 312.1 billion, including participating business of HKD 282.8 billion. Total revenue premiums of in-force business rose 33.7% to HKD 718.5 billion, while total claims and benefits paid were HKD 363 billion; assets under long term business reached HKD 5,398 billion and net assets HKD 744.3 billion as at 31 December 2025. In general business, gross and net premiums increased to HKD 108.5 billion and HKD 74.1 billion, with operating profit of HKD 11.4 billion and underwriting profit of HKD 2.9 billion; direct business underwriting profit improved to HKD 3.2 billion while onshore Property Damage profit fell sharply following claims and reserves relating to the Wang Fuk Court fire, and reinsurance inward business recorded an underwriting loss of HKD 0.4 billion.
Hong Kong Insurance Authority 2026-04-24
Hong Kong Insurance Authority releases provisional 2025 market statistics showing gross premiums up 29.7% to HKD 827 billion
The Hong Kong Insurance Authority’s provisional 2025 statistics show total gross premiums of HKD 827 billion, up 29.7%, driven by long term business. Long term new office premiums rose 50.6% to HKD 330.9 billion, with Non-Linked individual business at HKD 312.1 billion, while revenue premiums of in-force business reached HKD 718.5 billion and long term assets HKD 5,398 billion. In general business, gross premiums were HKD 108.5 billion with underwriting profit of HKD 2.9 billion, though onshore Property Damage profit fell sharply due to Wang Fuk Court fire claims and reserves.