Philippine life premiums rise 18% to $4b in H1 2026
Life insurance premium collections in the Philippines grew by nearly 18% in the first half of 2026, reaching $3.7 billion. The industry saw increases in both net income and total assets, though benefit payments to policyholders also rose significantly.
Why it matters
The growth indicates a strengthening financial sector in the Philippines and increased consumer reliance on insurance products for long-term financial security.
Published: 14 minutes ago /Toa Heftiba from Unsplash Philippine life premiums rise 18% to $4b in H1 2026 Benefit payments jumped 19.57% to $1.1b in the first half.
Premium collections of life insurance companies in the Philippines rose 17.91% in the first half of 2026, driven mainly by variable life insurance products, according to the Insurance Commission.
Total premiums reached $3.7b (P229.98b) from January to June, up from $3.1b (P195.05b) in the same period in 2025.
Premium collections from both variable life and traditional life insurance products increased during the period.
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