The Philippines Insurance Commission reported that total insurance premiums rose 14.1% from PHP 440.53 billion in 2024 to PHP 502.64 billion in 2025. Life insurers accounted for 80.22% of premiums and paid PHP 121.88 billion in benefits, while non-life insurers accounted for 16.41% and paid PHP 34.05 billion. Mutual benefit associations contributed the remaining 3.37% of premiums. Insurance penetration reached 1.79%, while insurance density exceeded PHP 4,000 for the first time in a decade, rising to PHP 4,414.58. Total assets increased 7.93% to PHP 2.66 trillion, invested assets grew 8.01% to PHP 2.38 trillion and net income rose 15.1% to PHP 64.79 billion, despite higher liabilities and benefit payments or losses.
2026-02-11Philippines Insurance Commission
Philippines Insurance Commission reports 14.1% premium growth to PHP 502.64 billion in 2025
Philippine insurance premiums rose 14.1% to PHP 502.64 billion in 2025, with life and non-life insurers paying PHP 121.88 billion and PHP 34.05 billion in benefits, respectively. Insurance density exceeded PHP 4,000 for the first time in a decade, while industry net income increased 15.1% to PHP 64.79 billion.