The total premiums of the Philippine insurance industry breached the PHP500bn ($8.6bn) mark in 2025, driven by consumers' increasing focus on long-term protection despite economic uncertainties.
Data from the Insurance Commission showed that premiums from the life, non-life, and mutual benefit sectors stood at PHP502.6bn at the end of 2025, up by 14.1% from PHP440.5bn in 2024.
The life insurance sector remained the driving force of the Philippine insurance industry, accounting for 80.22% of the total premiums, or around PHP403bn.
The total net income of the insurance industry also rose 15%?to PHP64.79bn in 2025.
Insurance penetration in the Southeast Asian country increased to 1.79% in 2025, up from 1.67% in 2024.