On 24 October 2025, the Insurance Authority ("IA") released provisional statistics for the first half of 2025, showing total gross premiums of $423.4 billion. The long term business had new office premiums of $173.7 billion, with increases in both Non-Linked individual and Linked individual businesses. Total revenue premiums of in-force business reached $365 billion, and total claims and benefits paid amounted to $191.9 billion. General business had total gross and net premiums of $58.4 billion and $39.9 billion, respectively, with an overall operating profit of $6.5 billion. On reinsurance inward business, gross and net premiums were $27.7 billion and $18.9 billion, respectively, with an underwriting profit of $0.2 billion. The report noted the implementation of the Risk-based Capital regime on 1 July 2024.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On 24 October 2025, the Insurance Authority ("IA") released provisional statistics for the first half of 2025, indicating that total gross premiums amounted to $423.4 billion. This period witnessed significant growth in long-term business premiums, with an increase of 50%, totaling $173.7 billion. Of note, new office premiums excluding Retirement Scheme business accounted for this amount. Within this category, Non-Linked individual business increased by 49.7%, reaching $166.6 billion, with $149.9 billion coming from participating businesses and $16.7 billion from other businesses. Additionally, Linked individual business rose by 60.8%, contributing $6.9 billion. Approximately 44,000 Qualifying Deferred Annuity Policies issued contributed $2.8 billion to the total premiums for individual business, constituting 1.6% of the total.
The total revenue premiums for in-force business reached $365 billion, representing a 33.7% increase. This growth was driven by Non-Linked individual business, which climbed by 32.1% to $321.8 billion, while Linked individual business increased by 18.6% to $12.7 billion. The Retirement Scheme business saw an exceptional increase of 76.4% to $26.7 billion. Total claims and benefits paid reached $191.9 billion, marking a 4.5% increase.
General business recorded total gross and net premiums of $58.4 billion and $39.9 billion, respectively, with total gross claims of $25.6 billion. The overall operating profit was $6.5 billion, and the underwriting profit reached $1.6 billion.
Direct business generated gross and net premiums of $30.7 billion and $21 billion, respectively, with total gross claims amounting to $13.8 billion. The primary contributors to gross premiums were Accident & Health ($14 billion), General Liability ($6.8 billion), and Property Damage ($3.5 billion). Underwriting profit was significantly influenced by General Liability (including Employees’ Compensation), Accident & Health, and Property Damage businesses, albeit partially offset by losses in the Pecuniary Loss business.
Reinsurance inward business reported gross and net premiums of $27.7 billion and $18.9 billion, with total gross claims of $11.8 billion. The overall underwriting profit was $0.2 billion, driven by the Property Damage business, but offset by losses in General Liability and Motor Vehicle businesses.
Due to the implementation of the Risk-based Capital regime on 1 July 2024, direct comparisons with previous figures are not feasible. Comprehensive summaries and detailed information on the assets and liabilities of the Hong Kong insurance market can be found in Annex and on the IA website. These statistics also include lapsation/surrender benefits totaling $99.1 billion, as well as other claims and benefits amounting to $92.8 billion.
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