FWD Philippines lifts NBAPE share to 12.4%

The company retained its top position in single premium at the end of Q1 2026.

FWD’s Philippine unit secured $43m (P2.67b) in new business annual premium equivalent (NBAPE) in the first quarter of 2026 (Q1 2026).

Its market share rose to 12.4% as of the end of Q1 2026.

The insurer said in a statement that it also retained its number one position in single premium and moved up to second place in total premium, reflecting growth across several business segments. 

Soon Liang Lau said the results reflected growing customer trust in the company’s products and services.

The insurer said it plans to continue strengthening its position in the Philippine market by expanding customer access to protection and investment-linked insurance products. 

Groupwide, FWD Insurance reported that new business first-year premium (FYP) increased by 59% year-on-year (YoY) whilst new business annual premium equivalent (APE) increased by 41% YoY.

The group, citing government statistics, both FYP and APE outperformed the industry average growth of 51% and 38% respectively.

($1.00 = P61.57)