We are pleased to share a significant milestone from our portfolio company, OneDegree: it has achieved its first full-year profit in 2025, just five years after launching in April 2020. This makes OneDegree the first virtual insurer in Hong Kong to reach profitability.

Key operational highlights from their 2025 performance include:
- Total revenue grew 38% year-over-year to HK$330 million.
- Maintained a five-year compound annual growth rate of 108%.
- Achieved an average policy renewal rate of 90%.
- Continued to diversify its business portfolio beyond core insurance.

As Alvin Kwock, Co-founder of AIFT, stated, “Becoming the first virtual insurer in Hong Kong to achieve full-year profitability within five years is a significant milestone, and a testament to how technology and AI-driven automation can transform operational efficiency.”

This achievement underscores the strong execution and scalable, tech-driven model within our investment portfolio.