Insurance Authority releases provisional statistics for the first three quarters of 2025

On 23 January 2026, the Insurance Authority ("IA") disclosed preliminary statistics for the first three quarters of 2025, revealing a substantial increase in total gross premiums, which stood at $637 billion, representing a 32.5% rise.

The long-term business new office premiums, excluding Retirement Scheme business, reached $264.5 billion, an increase of 55.9%. This segment was predominantly comprised of Non-Linked individual business, which saw a $251.5 billion increase (55.2%), including $226.3 billion from participating business (60.1%) and $25.2 billion from other businesses (22.1%). Additionally, Linked individual business contributed $12.7 billion (75.7%). The issuance of 50,000 Qualifying Deferred Annuity Policies resulted in $3.2 billion, amounting to 1.2% of the total premiums for individual business.

Total revenue premiums from in-force business stood at $554.1 billion, reflecting a 36.6% increase. The Non-Linked individual business segment contributed $488.2 billion (36.2%), while Linked individual business and Retirement Scheme business contributed $21.5 billion and $39 billion, respectively, showing increases of 27.8% and 53%. Total claims and benefits paid totaled $279.4 billion, marking a 3.4% rise.

As of 30 September 2025, total assets under long-term business reached $5,284.1 billion, with net assets standing at $731.7 billion.

The gross and net premiums of general business were $82.9 billion and $56 billion respectively, representing increases of 10.5% and 8.3%. Against these, total gross claims stood at $38 billion, marking a 0.9% decrease. The overall operating profit reached $10.1 billion, a 50.5% increase, of which $3.5 billion was attributed to underwriting profit, reflecting a 63% rise.

Direct business recorded gross and net premiums of $44.2 billion and $30.4 billion, respectively, representing increases of 11.9% and 9.1%. Gross claims amounted to $21 billion, indicating a 5.9% increase. The majority of premiums came from onshore Accident & Health business, contributing $19.4 billion, with underwriting profit rising from a loss of $0.4 billion to a profit of $0.5 billion.

Reinsurance inward business recorded gross and net premiums of $38.7 billion and $25.6 billion, respectively, marking increases of 9% and 7.3%. Gross claims stood at $17.1 billion, a decrease of 8.2%. The growth in premiums was primarily driven by offshore Property Damage business (10.8%) and Motor Vehicle business (14.2%), with overall underwriting profit of $0.3 billion supported by the release of reserves in offshore Property Damage business.

As of 30 September 2025, total assets under general business reached $335.5 billion, with net assets totaling $135.1 billion. A summary of the provisional statistics is available in Annex, while detailed information regarding assets and liabilities in the Hong Kong insurance market for the first three quarters of 2025 can be found on the IA website.