The Chile Financial Market Commission has published its Insurance Market Financial Report for the close of 2025, showing that total insurance market sales reached USD 17,737 million in January to December 2025, up 9.3% in real terms from the same period in 2024. Growth was driven by life insurance, where sales rose 17.6% in real terms to USD 12,215 million, while general insurance sales fell 5.4% to USD 5,522 million. Industry profits totaled USD 1,311.2 million, a real increase of 13.6% year on year. Within life insurance, 68.4% of sales came from pension-related insurance, led by life annuities at 47.8% of total premiums and disability and survivorship insurance at 15.5%. Bancassurance and retail insurance represented 11.3% and individual insurance 10.3%. In general insurance, the largest lines by direct premiums were earthquake and tsunami at 26.0%, motor vehicles at 23.3% and fire at 13.6%. Life insurers posted profits of USD 983.2 million, up 5.2% in real terms, supported by higher retained premiums and investment results despite higher claims costs and reserve variations. General insurers earned USD 328 million, up 49.2%, reflecting higher investment results, a stronger contribution margin and better intermediation results, which offset higher claims costs. Investment portfolios remained broadly similar to the previous period and were concentrated in domestic fixed-income instruments, accounting for 53.7% of life insurers' portfolios and 78.0% of general insurers' portfolios.

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