How did Philippine insurers perform in Q3 2025?

Insurance penetration climbed to 1.85% in Q3 2025.

Philippine insurers saw their total premiums rise 13.3% year-on-year (YoY) to $6.33b (₱372.1b) in the third quarter of the year (Q3 2025), data from the Insurance Commission showed.

The industry, which encompasses life and non-life insurance companies as well as mutual benefit associations (MBAs), nearly bagged $0.85b (₱50b) on a YoY basis.

Life insurance premiums rose 13.77% to $5.09b (₱299.45b) from $4.47b (₱263.21b).

Non-life premiums increased 13.07% to $1.02b (₱60.07b), whilst MBA contributions grew 2.86% to $0.21b (₱12.57b) during Q3 2025.

Traditional life premiums increased 9.7%, and variable life premiums grew 16%.

Industry assets reached $44.54b (₱2.62t), up 4.72% year-on-year. Invested assets rose 2.92% to $39.44b (₱2.32t), and total net worth increased 8.49% to $8.94b (₱525.97b).

Insurance penetration climbed to 1.85% in Q3 2025 from 1.74% last year, reflecting higher premium volume relative to GDP.

Insurance density rose 12.30% to $55.55 (₱3,267.91) per capita, supported by premium growth that outpaced the population’s 0.85% expansion.