Annual General Business Statistics

 (Disclosure format has been updated following the implementation of the Risk-Based Capital (RBC) regime in July 2024.  Please refer to the Highlights of Industry Statistics and Notes to Hong Kong General Business Statistics 2024 for details.)

 

The general insurance market recorded a slight decline in total gross written premiums (“GWP”) of 0.6% to HK$97,791 million in 2024.  This decrease was mainly due to the reporting scope applied in these statistics, as the 2024 figures reflect only those insurers whose financial year ended between 1 July 2024 and 31 December 2024.  Overall underwriting profit reached HK$2,641 million in 2024, an increase from HK$1,968 million in 2023.

 

GWP and underwriting profit generated by certain companies with their financial year end dates falling on or before 30 June 2024 amounted to HK$3,602 million and HK$312 million in 2024 respectively.  These data are, however, presented as Supplementary Statistics  since they are not reported under the RBC regime.  Please be cautious of the above when interpreting the results.