The Philippines Insurance Commission published consolidated third-quarter 2025 industry statistics for licensed insurers and mutual benefit associations (MBAs), showing total premiums rising 13.25% year on year to PHP 372.08 billion as of end-September. Life insurance premiums increased 13.77% to PHP 299.45 billion (from PHP 263.21 billion), while non-life premiums rose 13.07% to PHP 60.07 billion (from PHP 53.13 billion). Total MBA contributions grew 2.86% to PHP 12.57 billion, with traditional and variable life insurance premiums cited as key drivers (up 9.7% and 16.0%, respectively). On the balance sheet, total assets reached PHP 2.62 trillion (up 4.72% from PHP 2.50 trillion) and invested assets rose to PHP 2.32 trillion (up 2.92% from PHP 2.26 trillion), while total net worth increased 8.49% to PHP 525.97 billion. Insurance penetration climbed to 1.85% (from 1.74%) and insurance density rose 12.30% to PHP 3,267.91 per capita (from PHP 2,910.10), reflecting premium growth outpacing population growth of 0.85%.
Philippines Insurance Commission 2025-11-11
Philippines Insurance Commission reports insurance industry premiums up 13.25% to PHP 372.08 billion in Q3 2025
The Philippines Insurance Commission reported a 13.25% year-on-year increase in total premiums to PHP 372.08 billion for licensed insurers and mutual benefit associations as of Q3 2025. Life and non-life insurance premiums rose by 13.77% and 13.07%, respectively, with total assets reaching PHP 2.62 trillion. Insurance penetration and density also improved, indicating premium growth outpacing population growth.