22/05/2026
The Philippine insurance industry opened the year with stronger asset growth, climbing to β±2.65 trillion from β±2.48 trillion, a 6.85% increase, driven by wider participation from policyholders and steadier premium inflows across life and non-life segments.
Total benefits paid reached β±43.44 billion, 11.36% higher than last year, underscoring the sectorβs continued capacity to settle claims and provide financial support to families and businesses during critical moments.
Net income eased by 1.75% to β±15.03 billion from β±15.30 billion, as higher benefit payouts weighed on profitability even as day-to-day operations remained stable.
Premium collections expanded to β±140.85 billion from β±124.48 billion, signaling sustained demand from households and companies for protection products amid ongoing economic pressure.
Insurance pe*******on rose to 2.03% while density reached β±1,231.61, pointing to gradual expansion in coverage among Filipinos, though large parts of the population remain underinsured despite growing uptake.
Amid prevailing economic challenges, Insurance Commissioner Reynaldo A. Regalado said the industry remains firmly positioned to meet policyholder needs and deliver on commitments with stability and resilience.
Report by radar Business
