Insurance penetration in the Philippines improved to 1.78 percent in 2025 from 1.67 percent in 2024, supported by a dominant life insurance sector that accounted for 1.44 percent of the industry’s total reach.
Data from the Insurance Commission showed that total premiums paid for life and non-life products reached P499.23 billion in 2025.
The industry grew by 15.11 percent during the year, recording a total net income of P46.32 billion and a net worth that rose 10.58 percent to P310.72 billion.
The life insurance sector remained the primary driver of growth as premiums reached P403.21 billion, up 14.54 percent from P352.02 billion in 2024.
Total assets of the sector reached P2.09 trillion as of Jan. 29, representing an 8.54-percent rise from P1.93 trillion a year earlier.
Insurance companies paid out P121.88 billion in benefits during the period, according to the regulator.
Insurance Commission Commissioner Reynaldo Regalado said the sustained increase in premiums and net worth underscores positive momentum for the industry heading into 2026.
“Insurance continues to provide a vital safety net, protecting Filipino families and businesses alike,” he said.
“Through the Commission’s programs on financial literacy and inclusion, together with strengthened regulatory supervision, we aim to broaden access to insurance and achieve even greater protection for all Filipinos this year,” said Regalado.
