Hong Kong insurers’ new office premiums of long term business jumped by 50 percent to HK$173.7 billion in the first half of 2025, according to data from the Insurance Authority.
Among them, premiums from non-linked individual business also soared by 49.7 percent to HK$166.6 billion which can be further broken down into participating business of HK$149.9 billion and other businesses of HK$16.7 billion, the regulator said.
Premiums from linked individual business were HK$6.9 billion in the six months, up by 60.8 percent from a year ago.
Total revenue premiums of in-force business were HK$365 billion in the first half, up by 33.7 percent, mainly consisting of a 32.1 percent rise in HK$321.8 billion derived from non-linked individual business.
Linked individual business increased by 18.6 percent to HK$12.7 billion and the retirement scheme business also jumped by 76.4 percent to HK$26.7 billion.
Total claims and benefits paid amounted to HK$191.9 billion, up by 4.5 percent.
In the first half of 2025, the total gross and net premiums of general business were HK$58.4 billion and HK$39.9 billion respectively, against which total gross claims of HK$25.6 billion were paid. The overall operating profit was HK$6.5 billion, of which HK$1.6 billion represented underwriting profit.
