The Philippine non-life insurance industry demonstrated strong performance in the first half of 2025, with Net Premiums Written (NPW) surging by 20.48% to P39.63 billion, up from P32.89 billion in the same period last year, the Insurance Commission reported Thursday, August 28.
The report indicates the sector’s growth was once again led by the Motor Car business, which contributed 40.52% of the total NPW. The segment grew by 16.20%, or P2.24 billion, to reach P16.06 billion.
Other key H1 2025 performance indicators compared to H1 2024 include premiums earned increasing by 20.63% to P37.08 billion, claims paid rising by 32.67% to P15.69 billion, and despite higher claims, net income increasing by 2.71% to P5.12 billion.
The substantial 32.67% rise in claims paid to P15.69 billion indicates a higher volume of policies being utilized. Despite this increased outflow, the industry managed to grow its net income slightly by 2.71%.
The report also indicates the industry maintained a healthy financial position, with total assets growing by 5.72% to P377.21 billion. Net worth increased by 8.98% to P137.97 billion, reflecting the sector’s strengthening capital base.
