TacticScaleWhat FWD Does & How It Makes Money (1828.HK)
Updated October 2026 · reflects FWD's latest reported financials
Pan-Asian life insurer offering protection, health and savings products. FWD collects premiums on life, accident, health and savings policies and invests the premiums it holds.
How FWD makes money
FWD collects premiums on life, accident, health and savings policies and invests the premiums it holds. It also earns income from distributing investment-related and other financial products and from underwriting general insurance.
What FWD does
FWD Group Holdings is a Hong Kong-based life insurance group. It reports through five segments: Hong Kong & Macau, Thailand & Cambodia, Japan, Emerging Markets, and Corporate and Others. Its main products are life, accident and health insurance and savings plans. It also distributes investment and other financial products, underwrites general insurance and provides investment-related services. The company was incorporated in 2013 and is headquartered in Taikoo Shing, Hong Kong. It was previously called PCGI Intermediate Holdings Limited and took the name FWD Group Holdings Limited in August 2021.
Products & services
- Life insurance
- Accident and health insurance
- Savings plans
- Investment-linked products
- General insurance
For insurers, premiums and claims reserves (the float) drive the cash flows, so free cash flow doesn't measure what owners earn — and TacticScale's fair value is built on it, so it doesn't publish a number here.
We show a fair value only when the method is trustworthy. See FWD on TacticScale →
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