The Philippines Insurance Commission published year-on-year statistics indicating steady expansion in the life insurance industry in 2025, alongside an improvement in overall insurance penetration and density. Insurance penetration rose to 1.78% in 2025 from 1.67% in 2024, with life insurance accounting for 1.44%. Insurance density reached PHP 4,384.56, up from PHP 3,894.03. As of 29 January 2026, life sector total assets for 2025 were recorded at PHP 2.09 trillion, an 8.54% increase from 2024. Total liabilities increased by 8.19%, while total net worth for the insurance industry rose 10.58% to PHP 310.72 billion and total net income increased 15.11% to PHP 46.32 billion. Life insurance premiums grew 14.54% to PHP 403.21 billion and represented 80.77% of the PHP 499.23 billion in total industry premiums for 2025, with life insurers paying PHP 121.88 billion in benefits. Insurance Commissioner Reynaldo A. Regalado linked the increased premiums and net worth to positive momentum entering 2026 and referenced the Commission’s financial literacy and inclusion programmes alongside strengthened regulatory supervision to broaden access to insurance.
Philippines Insurance Commission 2026-01-30
Philippines Insurance Commission reports 2025 life insurance growth with penetration rising to 1.78% and assets reaching PHP 2.09tn
The Philippines Insurance Commission reported a steady expansion in the life insurance industry for 2025, with insurance penetration rising to 1.78% and density reaching PHP 4,384.56. Life insurance premiums grew 14.54% to PHP 403.21 billion, accounting for 80.77% of total industry premiums. Commissioner Reynaldo A. Regalado attributed the growth to financial literacy initiatives and enhanced regulatory supervision.