23 January 2026
The Insurance Authority (IA) today (23 January 2026) released provisional statistics for the first three quarters of 2025, with total gross premiums reaching $637 billion (increased by 32.5%).
Long term business
New office premiums (excluding Retirement Scheme business) of long term business were $264.5 billion (increased by 55.9%), mainly composed of $251.5 billion derived from Non-Linked individual business (increased by 55.2%) which can be further broken down into participating business of $226.3 billion (increased by 60.1%) and other businesses of $25.2 billion (increased by 22.1%), as well as $12.7 billion from Linked individual business (increased by 75.7%). Some 50,000 Qualifying Deferred Annuity Policies were issued that contributed $3.2 billion or 1.2% of the total premiums for individual business.
Total revenue premiums of in-force business were $554.1 billion in the first three quarters of 2025 (increased by 36.6%), mainly composed of $488.2 billion derived from Non-Linked individual business (increased by 36.2%), $21.5 billion from Linked individual business (increased by 27.8%) and $39 billion from Retirement Scheme business (increased by 53%). Moreover, the total claims and benefits paid amounted to $279.4 billion (increased by 3.4%)1.
As of 30 September 2025, total assets under long term business grew to $5,284.1 billion and net assets were $731.7 billion.
General business 2
In the first three quarters of 2025, the total gross and net premiums of general business were $82.9 billion (increased by 10.5%) and $56 billion (increased by 8.3%) respectively, against which total gross claims of $38 billion were paid (decreased by 0.9%). The overall operating profit was $10.1 billion (increased by 50.5%), of which $3.5 billion was attributable to underwriting profit (increased by 63%).
Direct business recorded gross and net premiums of $44.2 billion (increased by 11.9%) and $30.4 billion (increased by 9.1%) respectively, against which $21 billion of gross claims were paid (increased by 5.9%). The gross premiums were primarily driven by onshore Accident & Health business which contributed $19.4 billion (increased by 11.3%), while the overall underwriting profit of $3.2 billion (increased by 29.9%) was also supported by the same line of business that recovered from a loss of $0.4 billion to a profit of $0.5 billion.
On reinsurance inward business, gross and net premiums were $38.7 billion (increased by 9%) and $25.6 billion (increased by 7.3%) respectively, against which $17.1 billion of gross claims were paid (decreased by 8.2%). The gross premiums were primarily driven by offshore Property Damage business (increased by 10.8%) and Motor Vehicle business (increased by 14.2%), while the overall underwriting profit of $0.3 billion was supported by release of reserves in offshore Property Damage business.
As of 30 September 2025, total assets under general business grew to $335.5 billion and net assets were $135.1 billion.
A summary of the provisional statistics is at Annex. Related information on assets and liabilities of the Hong Kong insurance market for the first three quarters of 2025 is also available at the IA website.
Ends
Notes:
1 Including lapsation/surrender benefits of $141.6 billion, as well as other claims and benefits of $137.8 billion.
2 As the end of financial year for certain insurers do not fall on 31 December, their data for 2024 is only partially included.