The Philippines Insurance Commission published first-half 2026 life insurance industry data showing total premiums rose 17.91% year over year to PHP 229.98 billion. Variable life premiums increased 14.79% to PHP 150.03 billion, driven by a 31.71% rise in single premiums, while traditional life premiums grew 24.25% to PHP 79.95 billion. Industry net income increased 3.42% to PHP 21.42 billion. Total assets rose 8.77% to PHP 2.17 trillion, passing PHP 2 trillion, while invested assets increased 8.77% to PHP 2.10 trillion and net worth edged up 0.61% to PHP 289.48 billion. Benefit payments climbed 19.57% to PHP 69.21 billion.
2026-08-25Philippines Insurance Commission
Philippines Insurance Commission reports 17.91% rise in life premiums, assets exceed PHP 2 trillion
Philippine life insurance premiums rose 17.91% year over year to PHP 229.98 billion in the first half of 2026, with growth in both variable and traditional life products. Total assets increased 8.77% to PHP 2.17 trillion, while net income reached PHP 21.42 billion and benefit payments rose to PHP 69.21 billion.