About FWD Group
FWD Group is a publicly listed company based in Hong Kong (China) founded in 2013. FWD Group is recognized as an innovative insurance provider. It operates on a InsurTech model. FWD Group has raised $1.83 billion across 3 funding rounds from investors including Apollo, SCB and Apollo Global Management. The company has 11,261 employees. FWD Group has completed 6 acquisitions, including AIG Fuji Life Insurance, Commonwealth Life and Gibraltar BSN. FWD Group was last valued at $9 billion in January 2022. Its chief executive, as recorded, is Huynh Thanh Phong. Its website fwd.com draws about 121 thousand monthly visits. FWD Group offers products and services including Insurance Solutions. Its focus areas include Insurance and General Insurance. Its competitors include ZhongAn Insurance, OneDegree and Baozhuniu; 3 of its 3 listed competitors have raised funding.
Company details
FWD Group is established as a different kind of insurer with a vision to transform perceptions about insurance. The company is focused on providing innovative insurance solutions across various markets. Operations are centered in the financial services sector, specifically targeting the insurance industry with a customer-centric approach.
- Headquarters Hong Kong, China
- Employees 11,261
- Stage Public
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website fwd.com/en
- Social LinkedIn X Facebook
- Legal Name Fwd Group Holdings Limited
- Annual Revenue$4.35 B (USD)14.74as on Dec 31, 2025
- Net Profit$101.15 M (USD)as on Dec 31, 2025
- Total Equity Funding$1.83B (USD)
in 3 rounds
- Latest Funding Round$200M (USD), Angel Round
Dec 2022
- InvestorsApollo
& 11 more
- Employee Count11,261
- Investments & AcquisitionsAIG Fuji Life Insurance
& 5 more
Products & Services of FWD Group
FWD Group offers a comprehensive portfolio of products and services, including Insurance Solutions.
Insurance products are offered to protect various risks.
Funding Insights of FWD Group
FWD Group has successfully raised a total of $1.83B across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $200 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.83B
- Total Rounds 3
- Last Round Angel Round — $200M
- First Round $1.43B
(Dec 2021)
- Investors Count 12
All 3 funding rounds of FWD Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $200M | Angel Round | – | – | |
| Jan 2022 | $200M | Private Equity Round | $9B | ORIX | |
| Dec 2021 | $1.43B | Private Equity Round | – | Apollo, Li Ka Shing Foundation | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $9B | •••••••• |
Full valuation and stage history of FWD Group
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Last known valuation $9B (Jan 2022). 12 investors in total: 11 institutional and 1 angel.
Investors in FWD Group
FWD Group has secured backing from 12 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Apollo, SCB and Apollo Global Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm focused on multiple sectors | pcg-group.com | Hong Kong, China | ||
Tech-focused VC firm funding companies in Asia | nbdventures.com | Hong Kong, China | ||
Buyouts are targeted through private equity investments by the firm. | 1990 | apollo.com | New York, United States | |
Provider of financial services | 1964 | orix.co.jp | Tokyo, Japan | |
Financial services provider | 1991 | htsc.com.cn | Nanjing, China | |
Lead management platform with analytics and engagement tools is provided. | 2015 | apollo.io | San Francisco, United States | |
A foundation funded by Li Ka Shing, dedicated to enhancing education and healthcare sectors. | 1980 | lksf.org | Hong Kong, China | |
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada | |
Reinsurance, insurance, and asset management services are provided worldwide. | 1863 | swissre.com | Zurich, Switzerland | |
Commercial banking services are offered to individuals and corporations. | 1906 | scb.co.th | Bangkok, Thailand |
Investor details for FWD Group
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People of FWD Group
279 people are tracked at FWD Group (126 in leadership, 153 in team); the tracked headcount is 11,261.
| Name | Role | Group |
|---|---|---|
Huynh Thanh Phong | CEO | Leadership |
Miranda Au | Chief Human Resources Officer | Leadership |
Alex Yung | Regional Director | Leadership |
Zhao Han Lim | Director, Group Digital Platforms | Leadership |
Albert Lam | VP | Leadership |
Ken Lau | Managing Director, Greater China, & CEO, Hong Kong | Leadership |
Binayak Dutta | Managing Director, Emerging Markets, & Group Chief Distribution Officer | Leadership |
Nicolas Villarruz III | Head Of Distribution Reporting And Analytics | Leadership |
Michael van Vuuren | Group Chief Actuary | Leadership |
Boon-Kee Tan | Group Chief Strategy & Business Officer | Leadership |
Imelda Siradjuddin S.psi | Area Sales Director | Leadership |
Ale Sulaeman | Senior Area Sales Head PB Commbank | Leadership |
Mark Honeyford | Deputy Head Of Financial Reporting | Leadership |
Julie Chow | Group Chief Human Resources Officer | Leadership |
Chong Wen Han | Chief Partnership Distribution Officer | Leadership |
Lei Lin | Group Chief Of Agency Distribution | Leadership |
Wing Fung Chu | Agency Sales Director | Leadership |
Joel Tse | Associate Director, Digital Platforms | Leadership |
Nakornchai Waikitja | Senior People Business Partner | Leadership |
Jacky Lee | Vp, Group Investment Risk | Leadership |
259 more people are available in the full profile.
Complete people profiles for FWD Group
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IPO & Listings of FWD Group
FWD Group is a publicly listed company on the HKEX with ticker symbol 1828 in Hong Kong, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date07 Jul 2025
- Listed onHKG: 1828
- Listed entityFWD Group Holdings Limited
- Exchange sectorFinance
- ISINKYG370481080
- Share price31.08 HKD (-0.38% on the day) · 2026-10-14
- Market capitalisation39,924,209,570.00 HKD
- Price to earnings19.8
- EPS (diluted, trailing year)1.57 HKD
- Volume (last session)248,151
Financials of FWD Group
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 33.90B HKD | 787.4M HKD | |
| 2024 | 29.55B HKD | -608.6M HKD | |
| 2023 | 26.34B HKD | -6.47B HKD | |
| 2022 | 28.14B HKD | -2.36B HKD | |
| 2021 | 84.58B HKD | 1.05B HKD |
Detailed financial statements for FWD Group
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Investments & Acquisitions by FWD Group
FWD Group has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include AIG Fuji Life Insurance, Commonwealth Life and Gibraltar BSN.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance and investment services are provided via multiple plans. | gibraltarbsn.com | Kuala Lumpur, Malaysia | 2014 | Feb 2023 | •••• | |
Life and property & casualty insurance services are provided. | siamcityinsurance.com | Chonburi, Thailand | 1948 | Dec 2019 | •••• | |
Provider of healthcare and insurance services | scblife.co.th | Thailand | 0 | Jul 2019 | $3.01B | |
Life, health, auto, home, and legal insurance is provided online. | metlife.com.hk | Wan Chai, China | 0 | Jun 2019 | •••• | |
Life insurance services are provided to clients in Indonesia. | commlife.co.id | Jakarta, Indonesia | 1992 | Oct 2018 | $301.37M | |
Life insurance and healthcare services are provided in Japan. | aig-fuji-life.co.jp | Tokyo, Japan | 1996 | Nov 2016 | •••• |
Complete acquisition details for FWD Group
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Timeline of FWD Group
11 dated milestones of FWD Group across 12 years, from founding to its latest funding, stage changes and deals.
- Founded FWD Group is founded.
- Acquisition Acquires AIG Fuji Life Insurance.
- Acquisition Acquires Commonwealth Life.
- Acquisition Acquires MetLife Hong Kong.
- Acquisition Acquires SCB Life Insurance.
- Acquisition Acquires Siam City Insurance.
- Funding First funding round of $1.4B.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Angel Round, of $200.0M.
- Acquisition Acquires Gibraltar BSN.
- IPO Lists on the stock exchange (IPO).
Competitors of FWD Group
FWD Group has 3 listed competitors in our database, 3 of them funded. They include ZhongAn Insurance, OneDegree and Baozhuniu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zhongan.com | 2013 | Huangpu, China | $941.75M | Online insurance platform for individuals | ||
| onedegree.hk | 2016 | Kwun Tong, China | $108.5M | P&C insurance solutions are delivered via an online platform. | ||
| bznins.com | 2015 | Tianjin, China | $33.76M | Business insurance coverage is provided through an online platform. |
Detailed competitors of FWD Group
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Web traffic of FWD Group
The website of FWD Group (fwd.com) receives about 120.9K visits a month.
- Monthly visits120.9K
▼ 23.9% vs previous month
Websites whose visitors overlap most with FWD Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| moneysmart.sg | 100% | #35,935 | View details | ||
| singsaver.com.sg | 65% | 1.3M | #43,700 | View details | |
businesstimes.com.sg | businesstimes.com.sg | 65% | #23,881 | – | |
| smartkarma.com | 63% | 101.2K | #460,802 | View details | |
| asianinvestor.net | 62% | #1,213,019 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for FWD Group
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Frequently Asked Questions about FWD Group
FWD Group was founded in 2013 and raised its 1st funding round 8 years after it was founded.
FWD Group is headquartered in Hong Kong, China. It is registered at Hong Kong, Hong Kong, China.
Huynh Thanh Phong is the CEO of FWD Group, as recorded in our data.
FWD Group is a funded company, having raised a total of $1.83B across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $1.43B, raised on Dec 2021.
FWD Group has 11,261 employees.
Annual revenue of FWD Group is $4.35B as on Dec 31, 2025.
FWD Group is established as a different kind of insurer with a vision to transform perceptions about insurance. The company is focused on providing innovative insurance solutions across various markets. Operations are centered in the financial services sector, specifically targeting the insurance industry with a customer-centric approach.
FWD Group's top competitors include OneDegree, ZhongAn Insurance and Baozhuniu.
FWD Group offers Insurance Solutions.
Yes, FWD Group is publicly traded on HKEX under the ticker symbol 1828.
FWD Group has made 6 acquisitions, including AIG Fuji Life Insurance, Commonwealth Life, and Gibraltar BSN.
FWD Group has 12 investors. Key investors include Apollo, SCB, Apollo Global Management, Swiss Re, and Huatai Securities.