The Philippines’ pre-need industry reported a net income of P4.96 billion in the third quarter of 2025, led by higher sales of life and memorial plans, according to data released by the Insurance Commission (IC).
Total premium income for the sector grew 3.92 percent to P17.52 billion in the period. The number of plans sold reached 690,064, a significant increase from 509,323 in 2024.
Data showed the industry’s total assets also expanded 5.33 percent to P173.41 billion as of end-September from P164.64 billion in the same period last year.
This increase was attributed to significant growth in investments in trust funds. These investments, which cover the cost of plan holders’ benefits and services, accounted for 85.78 percent of the total assets.
Pre-need reserves, which are the actuarial reserve liabilities established to cover net obligations to plan holders, also increased. They grew 5.99 percent from P126.64 billion to P134.22 billion in the third quarter. The industry’s total net worth saw a modest rise of 1.70 percent to P31.56 billion.
The IC said the industry maintains a strong and healthy financial position, noting that investments in trust funds are sufficient to cover future benefit claims.
“This growth demonstrates the industry’s continued development and consistent performance despite persistent economic challenges,” said Insurance Commissioner Reynaldo Regalado.
“It confirms the industry’s commitment to improving and expanding market reach,” he said.
