News Life and Health11 Apr 2024

Philippines:Non-life sector drives profit growth in 2023

| 11 Apr 2024

The Insurance Commission (IC) has announced that the net income of the insurance industry, comprising life and non-life insurance companies and mutual benefit associations (MBAs), reached PHP48.46bn ($848m) in 2023, 3.8% higher than the PHP46.69bn chalked up in 2022.

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