Insurance premiums hit P17.5 billion in Q3 amid economic pressure

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December 14, 2025 | 12:00am

MANILA, Philippines — Total insurance premium income grew by nearly four percent to P17.52 billion as of the third quarter this year, reflecting the industry’s resilience amid economic challenges, the Insurance Commission (IC) said.

In a statement, IC commissioner Reynaldo Regalado said that the industry remains dedicated to strengthening operations and broadening market presence even with the ongoing difficulties.

“This growth demonstrates the industry’s continued development and consistent performance despite persistent economic challenges. It confirms the industry’s commitment to improving and expanding market reach,” Regalado said.

The IC reported that the industry’s total assets as of the third quarter increased by 5.3 percent, reaching P173.41 billion from P164.6 billion in the same reporting period last year.

A major driver of this growth was the increase in investments in Trust Funds, made up of plan holders’ contributions to cover benefits and services, representing 85.8 percent of the industry’s total assets.

The insurance regulator stated that investment in the segment increased by nearly six percent, which further strengthened the industry’s stability.

“The industry continues to affirm a strong and healthy financial position, with Investments in Trust Funds remaining more than sufficient to cover future benefit claims,” the IC said.

The industry’s strong balance demonstrates effective fund management, according to the insurance regulator, ensuring that obligations to policyholders are fully met and will continue to be honored.

Pre-need reserves, representing the Actuarial Reserve Liabilities set aside to cover net obligations to plan holders, also grew by almost six percent to P134.22 billion by the third quarter of this year from P126.64 billion in the same period a year ago.

As a result, total net worth rose to P31.56 billion, marking a slight 1.7 percent increase. The industry also sustained profitability, posting a net income of P4.96 billion in the third quarter, driven by higher premium income within the industry.

“As of the third quarter of 2025, life and memorial plans continued to dominate the industry, accounting for 99.86 percent of all pre-need plans sold,” Regalado said.