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Aubrey Rose Inosante - The Philippine Star
March 5, 2026 | 12:00am
Data from the IC showed net premiums written, fire insurance, marine and aviation, motor car, health, accident, suretyship, and all others posted increases.
STAR / File
MANILA, Philippines — The non-life insurance industry in the Philippines performed better in 2025 as its net income improved by 22.7 percent to P10.9 billion from P8.88 billion a year ago, the Insurance Commission said.
Data from the IC showed net premiums written, fire insurance, marine and aviation, motor car, health, accident, suretyship, and all others posted increases.
Total premiums earned went up by 14.6 percent to P82.49 billion last year from P71.98 billion in the comparable year-ago period.
In 2025, non-life insurance firms also saw higher net worth at P147.22 billion, up by 4.9 percent year-on-year from P136.15 billion.
Invested assets of the industry stood at P197.15 billion, up by 5.6 percent from P186.66 billion a year ago.
On the other hand, losses incurred climbed by 16.95 percent to P34.05 billion in 2025, compared to P29.12 billion the previous year.
Total liabilities in 2025, worth P244.57 billion, is also 1.5 percent higher than the P240.97 billion recorded the previous year.
As of 2025, there were 58 licensed non-life insurance companies in the country, down by 1.7 percent from 59 licensed companies in 2024.
