Allianz PNB Life posts $17.22m net income in 2025; premiums up 17%

The Philippine-based provider delivered a 41% net income CAGR over five years. 

Allianz PNB Life, Allianz’s insurance provider in the Philippines, posted a net income of $17.22m (PhP1.06b) in 2025, whilst New Business Annual Premium Equivalent (NBAPE) rose 17% to $77.96m (PhP4.8b), according to its latest annual report.

Gross written premiums increased 17.1% to $612.29m (PhP37.7b) for the year whilst the insurer recorded a compounded annual growth rate of 41% in net income, based on company disclosures, over the past five years.

Allianz PNB Life (AZPNBL) said it is focused on strengthening customer-centric operations, improving execution, and expanding the use of technology and data across its business. It also said it is working to improve operational efficiency and risk management to support long-term growth.

“Allianz PNB Life will continue to thrive and make a meaningful, lasting impact on the lives of Filipino families,” said AZPNBL president and CEO Joe Gross.

He said the company’s approach is guided by its commitment to the Filipino term “panatag,” referring to providing customers with financial security and peace of mind.

AZPNBL chief financial officer Lukas Cacayan said the company’s financial performance reflected disciplined execution and improved coordination across the organisation.

He added that the company continues to focus on capital returns and shareholder value, alongside customer outcomes.

Globally, Allianz Group reported operating profit of $20.21b (€17.4b) in 2025, up 8.4%, whilst core net income rose 10.9% to $12.89b (€11.1b). Total business volume reached $217.07b (€186.9b), up 8.1% year on year.