Published:
Philippines’ insurance premiums jump 14.1% to $8b in 2025
Net income climbed 15.1% to $1b during the period.
The Philippines' insurance penetration, or the ratio of total insurance premiums to a country's Gross Domestic Product (GDP), was at 1.8% in 2025.
This was higher than the 1.7% in 2025.
Total premiums rose 14.1% year-on-year to $8.0b (P502.6b), up from $7.0b (P440.5b) in 2024.
Total net income increased 15.1% to $1.0b (P64.8b), whilst total assets grew 7.9% to $42.6b (P2.66tn).
The number of licensed companies declined to 131 from 137, whilst firms with submissions fell slightly to 129.
Insurance density, or average premium spending per person, increased 13.4% to $70.63 (P4,414.58).
($1.00 = P60.74)
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