Hong Kong Insurance Regulatory Authority: Total gross premiums in the first half of 2025 will reach HK$423.4 billion

The Zhitong Finance App learned that today (October 24), the Hong Kong Insurance Regulatory Authority released provisional statistics for the first half of 2025. Total gross premiums during this period reached HK$423.4 billion. In the first half of 2025, the total premium income for long-term active businesses was HK$365 billion (up 33.7% year over year); gross premiums and net premiums for general businesses were HK$58.4 billion and HK$39.9 billion respectively. The total gross amount of claims paid was HK$25.6 billion, with an overall operating profit of HK$6.5 billion, of which underwriting profit was HK$1.6 billion.

Long-term business

The premiums for new insurance policies for long-term businesses (excluding retirement plans) were HK$173.7 billion (up 50% year over year), mainly including HK$166.6 billion (up 49.7% year over year) for unrelated personal businesses, which can be further broken down into dividend business and HK$16.7 billion from other businesses; and HK$6.9 billion from linked personal businesses (up 60.8% year over year). The insurance company issued about 44,000 eligible deferred annuity policies, contributing HK$2.8 billion in premiums or 1.6% of the total amount of personal business.

Total premium income from long-term active businesses in the first half of 2025 was HK$365 billion (up 33.7% year over year), mainly including HK$321.8 billion for unrelated personal business (up 32.1% year on year), linked personal business of HK$12.7 billion (up 18.6% year on year), and retirement plan business of HK$26.7 billion (up 76.4% year on year). Furthermore, the total amount of claims and benefits paid was HK$191.9 billion (up 4.5% year over year) 1.

General business

In the first half of 2025, gross premiums and net premiums for general businesses were HK$58.4 billion and HK$39.9 billion respectively. The total amount of claims paid was HK$25.6 billion. Overall operating profit was HK$6.5 billion, of which underwriting profit was HK$1.6 billion.

The gross premiums and net premiums for direct operations were HK$30.7 billion and HK$21 billion respectively, and the total amount of claims paid was HK$13.8 billion gross. Gross premiums mainly come from accident and health business, general liability (including employee compensation) business, and property damage business, which contributed HK$14 billion, HK$6.8 billion and HK$3.5 billion respectively; the overall underwriting profit was HK$1.4 billion, mainly driven by general legal liability (including employee compensation) business, accident and health business, and property damage business, but was partially offset by losses recorded in the money loss business.

In terms of reinsurance business, gross premiums and net premiums of HK$27.7 billion and HK$18.9 billion were recorded respectively, mainly from property damage business, accident and health business, and general legal liability business. The gross amount of claims paid was HK$11.8 billion. The overall underwriting profit was HK$200 million, mainly driven by property damage business, but partially offset by losses recorded in general liability business and automobile business.