FWD Group posted segmental adjusted operating profit before tax of US$334m in 2022, up 83% from 2021, ahead of a planned Hong Kong IPO this year.
The Asian insurer controlled by Hong Kong billionaire Richard Li recorded new business of US$823m in 2022, up 29% from 2021.
IFR reported last week that FWD is planning to refile an application in March for a Hong Kong listing as early as the second quarter.
The insurer first filed for a Hong Kong IPO in February last year and won listing approval in May for a roughly US$1bn float. However, the company put the deal on hold amid challenging market conditions.
FWD refiled a listing application in September after the first expired. The September filing is about to expire in March.
Morgan Stanley, Goldman Sachs, CMB International and JP Morgan are the sponsors, and HSBC is the financial adviser.
It raised US$1.625bn from a pre-IPO round last year, which sources familiar with the situation said valued the company at about US$9bn. Apollo, Canada Pension Plan Investment Board, Li Ka-shing Foundation, Siam Commercial Bank and Swiss Re were among the investors.