Philippines non-life insurers’ net income grows 3% YoY in H1 2025
Total net premiums written (NPW) stood at $713.3m.
The Philippine non-life insurance industry’s net income grew 2.71% year-on-year (YoY) to $92.2m (₱5.12b) in the first half of the year (H1 2025), according to the Insurance Commission.
The industry’s total net premiums written (NPW) recorded $713.3m (₱39.63b) in H1 2025, a 20.48% YoY increase.
Motor car insurance remained the top contributor, accounting for 40.52% of total NPW, up 16.20% YoY to $289.1m (₱16.06b) from $249.0m (₱13.82b).
Total premiums earned rose 20.63% YoY to $667.4m (₱37.08b), whilst gross premiums written increased 9.92% YoY to $1.18b (₱65.60b). Total claims paid out climbed 32.67% YoY to $282.4m (₱15.69b).
Total assets reached $6.79b (₱377.21b), up 5.72% YoY, with liabilities increasing 3.93% YoY to $4.31b (₱239.25b).
Net worth rose 8.98% to $2.48b (₱137.97b), whilst invested assets stood at $3.32b (₱184.51b), up 5.54% YoY.
($1.00 = ₱56.92)
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