23/05/2026
The Philippine insurance industry opened the year with stronger asset growth, climbing to โฑ2.65 trillion from โฑ2.48 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 โฑ43.44 billion, 11.36% higher than last year, underscoring the sectorโs continued capacity to settle claims and provide financial support to families and businesses during critical moments.
Net income eased by 1.75% to โฑ15.03 billion from โฑ15.30 billion, as higher benefit payouts weighed on profitability even as day-to-day operations remained stable.
Premium collections expanded to โฑ140.85 billion from โฑ124.48 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 โฑ1,231.61, 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
