Insurance Authority of Hong Kong: The total gross insurance premium for 2025 is HK$827 billion, a year-on-year increase of 29.7%.

On April 24, the Hong Kong Insurance Authority announced provisional statistics for 2025, with a total gross premium income of HK$827 billion, an increase of 29.7% compared to the previous year. As of December 31, 2025, the total assets of long-term businesses increased to HK$53.98 trillion, with net assets of HK$744.3 billion; while the total assets of general businesses increased to HK$337.9 billion, with net assets of HK$136.5 billion. Long-term Business The new business premiums of long-term business (excluding retirement businesses) amounted to HK$330.9 billion, up by 50.6%, mainly consisting of HK$312.1 billion from non-linked individual business, which rose by 49.9%. This can be further divided into HK$282.8 billion from dividend business, up 55.1%, HK$29.3 billion from other business, up 13.7%, and HK$18.5 billion from linked individual business, up 65.4%. Insurance companies issued approximately 59,000 eligible deferred annuity policies, contributing premiums of HK$3.7 billion. The total premium income for long-term effective business in 2025 was HK$718.5 billion, up by 33.7%, mainly consisting of HK$632.7 billion from non-linked individual business, up by 34.1%, HK$30.2 billion from linked individual business, up by 25.8%, and HK$4.93 billion from retirement businesses, up by 38%. In addition, the total claim and benefit payments amounted to HK$3.63 trillion, up by 3%. General Business In 2025, the gross premiums and net premiums of general businesses were HK$108.5 billion (up by 8%) and HK$74.1 billion (up by 6.3%), with total claim payments of HK$55.4 billion (up by 4.5%). The overall operating profit was HK$11.4 billion (up by 39.7%), with underwriting profit accounting for HK$2.9 billion (down by 12.5%). The gross premiums and net premiums of direct business were HK$54.8 billion (up by 6.6%) and HK$37.8 billion (up by 5.7%), with total claim payments of HK$29.1 billion (up by 3.9%). The gross premiums were mainly driven by onshore accident and health businesses contributing HK$23.7 billion (up by 10.8%). The overall underwriting profit reached HK$3.2 billion (up by 174.7%), benefiting from the turnaround of onshore money loss (including mortgage guarantee) business and onshore accident and health business from losses to profits, with losses reduced from HK$1.4 billion to profits of HK$500 million and from losses of HK$400 million to profits of HK$900 million, respectively. On the other hand, the underwriting profit of onshore property damage business significantly declined from HK$600 million to HK$15.8 million (down by 97.2%) after payouts and reserves were made for the Tai Po Wang Fuk Court fire. In terms of ceded reinsurance business, the gross premiums and net premiums were HK$53.7 billion (up by 9.4%) and HK$36.2 billion (up by 7%), with total claim payments of HK$26.3 billion (up by 5.1%). The gross premiums were mainly driven by HK$19.6 billion from offshore property damage business (up by 12%) and HK$10.6 billion from accident and health business (up by 12.3%). The overall underwriting loss was HK$400 million, compared to a profit of HK$2.1 billion the previous year (down by 118.1%), mainly due to weak underwriting performance in offshore property damage business, general liability business, and accident and health business.