[RESULTS] Fidelidade Macau Posts Resilient 2025 Results as Combined Business Strengthens Market Position
Strong premium growth across Life and Non‑Life; solid capital position and customer focus set the stage for 2026
Macao, May 5 — Fidelidade Macau publishes the 2025 annual results for its two legally separate companies operating under the Fidelidade brand in Macao:
Φ Fidelidade Macau Life – Insurance Company Limited (Life) and
Φ Fidelidade Macau – Insurance Company Limited (Non‑Life).
The results below present each company’s performance separately, reflecting the legal and regulatory structure in Macao.
2025 Performance | Key highlights (by company as of 31/12/2025)
| Metric | Fidelidade Macau Life | Fidelidade Macau |
|---|---|---|
| Gross written premiums | MOP 654.5 million | MOP 137.7 million |
| Net profit | MOP 25.6 million | MOP 32.7 million |
| Total assets | MOP 2,176.1 million | MOP 599.6 million |
| Total liabilities | MOP 1,919.3 million | MOP 237.6 million |
| Shareholders’ equity | MOP 256.8 million | MOP 361.9 million |
| Solvency ratio | 264% | 788% |
| Return on equity | 11.3% | 9.2% |
| Net combined ratio | — | 87% (Net Combined Ratio) |
Business review — brief
Φ Life (Fidelidade Macau Life – Insurance Company Limited)
Φ Premium momentum: Gross written premiums rose strongly, led by bancassurance and protection/savings products.
Φ Pensions and digital: Pension AUM growth and expanded online capabilities improved recurring revenue and customer access.
Gross written premiums reached MOP 655 million in 2025 (2024: MOP 491 million), an increase of 33.4% year‑on‑year.
Φ Non‑Life (Fidelidade Macau – Insurance Company Limited)
Φ Underwriting discipline: Selective pricing and product adjustments (notably in motor and property) preserved margins.
Φ Claims and capital: Claims-process improvements supported an improved combined ratio while solvency remained very strong.
CEO statement
“2025 was a year of disciplined execution and strategic investment for Fidelidade Macau. Our teams delivered steady premium growth across both Life and Non‑Life, while preserving capital strength and improving customer experience. We remain committed to serving the people and businesses of Macao with reliable protection and innovative solutions as we look to 2026.” — Filipe Aleman Serrano, CEO, Fidelidade Macau
Executive Director Statement
“Building on this disciplined execution, 2025 also demonstrated the resilience of Fidelidade Macau’s diversified business model. By combining strong underwriting with digital transformation initiatives, we enhanced operational efficiency and broadened customer access. This positions us not only to sustain leadership in Macao but also to capture new opportunities with reliability and responsibility as our guiding principles.” — Ivan Cheung, Executive Director
Outlook
Fidelidade Macau will continue to prioritise profitable growth, digital transformation and customer service enhancements in 2026. Key priorities include:
Φ Expand digital distribution and straight‑through processing.
Φ Deliver tailored insurance solutions for businesses and individual customers.
Φ Strengthen risk management and capital efficiency.
Related news:
Φ 澳廣視新聞｜Fidelidade Macau com lucros de 58,3 milhões de patacas em 2025 | TDM Macau