The Hong Kong Insurance Authority published provisional statistics for the first half of 2025, reporting total gross premiums of HKD 423.4 billion across long term and general business. Long term business recorded new office premiums (excluding Retirement Scheme business) of HKD 173.7 billion, up 50% year on year, largely from non-linked individual business of HKD 166.6 billion (including HKD 149.9 billion participating business) and linked individual business of HKD 6.9 billion. Total revenue premiums of in-force long term business were HKD 365.0 billion, up 33.7%, while total claims and benefits paid were HKD 191.9 billion, including HKD 99.1 billion in lapsation and surrender benefits. General business gross and net premiums were HKD 58.4 billion and HKD 39.9 billion respectively, with gross claims paid of HKD 25.6 billion and overall operating profit of HKD 6.5 billion (including underwriting profit of HKD 1.6 billion). The IA noted that comparisons for the general sector with figures published before are inappropriate due to the Risk-based Capital regime taking effect on 1 July 2024.

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