Philippines pre-need premiums rise to $300m

Industry sold 690,064 plans by Q3 2025 up from 509323 a year earlier.

The Philippines’ pre-need industry reported total premium income of $0.30b (₱17.52b) as of 30 September 2025, up 3.92% from a year earlier, according to the Insurance Commission.

Insurance Commissioner Reynaldo A. Regalado said the growth reflects the industry’s continued development despite economic challenges.

Total assets rose 5.33% to $2.95b (₱173.41b) as of the third quarter of 2025, from $2.80b (₱164.64b) in the same period last year. Investments in trust funds, which account for 85.78% of total assets and represent plan holders’ payments set aside to cover benefits and services, increased 5.84%.

Pre-need reserves, or actuarial reserve liabilities set up to cover net obligations to plan holders, climbed 5.99% to $2.28b (₱134.22b) as of end-September 2025, from $2.15b (₱126.64b) a year earlier.

Total net worth reached $0.54b (₱31.56b), up 1.70%. The industry recorded net income of $0.08b (₱4.96b) as of the third quarter of 2025, driven by higher premium income.

Total plans sold increased to 690,064 as of Q3 2025 from 509,323 in the same period last year. Life and memorial plans accounted for 99.86% of all pre-need plans sold during the period.

($1.00 = ₱58.32)