The insurance sector in the Philippines is experiencing a significant boom, with more Filipinos now securing financial protection. According to the latest data from the Insurance Commission (IC), the total premiums generated by the domestic industry saw a substantial increase in the first nine months of 2025.
Robust Growth Across Insurance Segments
By the end of the third quarter of 2025, the industry's total premium income reached an impressive P372 billion. This marks a strong 13.2 percent annual increase from the P328.55 billion recorded in the same period last year. The data, released by the IC on Wednesday, November 13, 2025, also reveals a remarkable jump from the P242.84 billion reported at the end of June, indicating accelerated growth as the year progressed.
The life insurance sector was a primary engine of this expansion. Premiums in this segment grew by 13.77 percent to P299.45 billion, up from the previous year's P263.21 billion. The IC highlighted that both traditional and variable life insurance products fueled this growth. Traditional life insurance, which offers risk coverage with fixed benefits, saw a 9.7 percent rise. Meanwhile, variable life insurance, which includes an investment component allowing policyholders to invest in bonds and shares, experienced a more robust 16 percent growth.
Strengthened Assets and Industry Net Worth
The non-life insurance sector also posted a healthy performance, with premiums increasing by 13.07 percent to P60.07 billion, compared to P53.13 billion a year earlier. Additionally, premiums from Mutual Benefit Associations (MBAs) rose by 2.86 percent to P12.57 billion.
Beyond premiums, the overall financial health of the insurance industry strengthened. The total assets held by the industry as of the end of September reached P2.62 trillion, a 4.72 percent increase from the P2.5 trillion recorded in the same period last year. The industry's invested assets grew by 2.92 percent to P2.32 trillion, while its total net worth saw a significant 8.49 percent jump to P525.97 billion.
A Sign of Growing Financial Awareness and Trust
Insurance Commissioner Reynaldo Regalado commented on the positive figures, stating that the accelerating growth in premiums and other key indicators underscores a vital shift in public perception. He emphasized that this trend highlights not only the increasing trust in the industry but also a stronger awareness among Filipinos regarding the value of financial protection for economic resilience.
This robust growth trajectory suggests that insurance is becoming an integral part of the financial planning for a growing number of individuals and families across the Philippines, providing a crucial safety net for the future.
