Hong Kong Insurance Authority: Hong Kong's gross premium total for the first three quarters of last year was HK$637 billion, an increase of 32.5%

Recently, the Insurance Authority of Hong Kong released the interim statistics for the first three quarters of 2025, with a total gross premium of HK$637 billion, an increase of 32.5%. The new business premium for long-term business (excluding retirement plans) was HK$264.5 billion, an increase of 55.9%. Insurance companies issued approximately 50,000 eligible deferred annuity policies, contributing premiums of HK$3.2 billion, or 1.2% of the total individual business. In the first three quarters of last year, the gross premium and net premium for general business were HK$82.9 billion and HK$56 billion, respectively, representing increases of 10.5% and 8.3%. The total amount of claims paid was HK$38 billion, a decrease of 0.9%. The overall operating profit was HK$10.1 billion, an increase of 50.5%, with underwriting profit accounting for HK$3.5 billion, an increase of 63%.