The Philippine Insurance Industry Entered 2026 on Solid Ground

Solid growth and unwavering trust!  The Philippine insurance industry entered the year stronger than ever, driven by rising protection awareness and a highly resilient non-life sector.

Securing the future of Filipinos, one policy at a time.

Preliminary data from the Insurance Commission shows that in the first quarter alone, the industry paid out ₱43.44 billion in benefits to policyholders and beneficiaries — up from ₱39.01 billion in the same period last year. At the same time, more Filipinos are buying insurance: Total Premiums grew to ₱140.85 billion from ₱124.48 billion, and Insurance Penetration rose to 2.03% of GDP. Total Industry Assets now stand at ₱2.65 trillion.

The non-life sector tells a particularly encouraging story. Net Income surged 37.02% year-on-year — from ₱2.89 billion to ₱3.96 billion — even as the sector continued to grow its Asset base to ₱391.79 billion and expand Net Premiums Written to ₱21.24 billion.

"Amid prevailing economic challenges, the insurance industry remains firmly positioned to meet policyholder needs and deliver on its commitments with stability and resilience," Insurance Commissioner Reynaldo A. Regalado said.