)
Edge1 May 2026
Making the Marlboro Man
The story of Marlboro's transformation from a women's cigarette to a global icon: one of the most effective brand repositionings in history.
FWD Group
FWD Group (1828) investor relations material
FWD Group Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Apr, 2026
Executive summary
New business sales rose 4% year-over-year to US$720 million (APE basis) for Q1 2026, with strong contributions from Japan and Expansion Markets, and solid performance in Hong Kong & Macau.
New business contractual service margin (NB CSM) increased 18% year-over-year to US$556 million, reflecting margin expansion from favorable product mix and operating leverage.
Value of new business (VNB) grew 7% year-over-year to US$314 million, with VNB margin up 1.2 percentage points to 43.5%.
11 new products were launched regionally, and the company continues to benefit from a diversified pan-Asian footprint and multi-channel distribution.
Financial highlights
NB CSM margin improved to 78.4% from 69.7% year-over-year, up 9.0 percentage points.
Bancassurance contributed 41% of new business sales, brokerage/IFA 38%, and agency 15%.
Growth in NB CSM and VNB underpins higher CSM balance and embedded value (EV) growth.
Outlook and guidance
New business sales momentum is expected to continue through 2026, with margins likely to moderate as seasonal impacts unwind.
Long-term growth and sustainable value creation are anticipated, supported by diversified distribution, product innovation, and digital adoption.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from FWD Group
- Record-breaking growth, margin strength, and digital innovation drive robust 2025 results.1828
Q4 2025 (Q&A)18 Mar 2026 - Record new business growth, strong capital, and digital innovation drive robust results.1828Q2 202518 Mar 2026
- Record-breaking 2025 profit, 25% APE growth, and strong gains in Hong Kong and emerging markets.1828Q4 202518 Mar 2026
- Record new business growth and strong capital position following successful IPO.1828Q2 2025 (Q&A)18 Mar 2026
- Double-digit new business growth and robust solvency, but net loss from market volatility.1828Q2 202418 Mar 2026
- VNB up 16% and new business sales up 13% year-on-year, driven by broad segment growth.1828Q3 202418 Mar 2026
- Delivered first net profit under IFRS 17, strong growth in all segments, and robust capital position.1828Q4 202418 Mar 2026
- Q1 2025 new business CSM up 55% and APE up 46%, led by strong Asian market demand.1828Q1 202518 Mar 2026
- New business sales surged 37% and leverage improved to 21.8% after refinancing actions.1828Q3 202518 Mar 2026
Next FWD Group earnings date
Q2 202628 Aug, 2026
FWD Group
Next FWD Group earnings date
Q2 202628 Aug, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Explore our global coverage