Life insurer Manulife Philippines expects double-digit growth across its key financial metrics this year, with the expected expansion attributed to favorable market conditions, a growing economy, and a young population with increasing disposable income.
In a press briefing in Makati City on Thursday, Rahul Hora, Manulife president and chief executive officer, without citing actual figures, expressed optimism on the company’s performance in 2025 and beyond.
“So yes, we had a good (year) in 2024, and we do expect that 2025 and even our forecast for the future years continues to be positive, and we are aiming to continue growing at a faster rate moving forward,” Hora said.
“The Philippines is a market which has a lot of young people for whom our products are extremely relevant. That market on a year-on-year basis keeps growing. The economy of the country continues to do well which means people are going to become more and more richer and hence disposable income for them will increase. So all those factors are contributing to the growth in the industry,” he added.
Hora said Manulife aims to stay ahead of the competition by prioritizing customer insights and innovation.
The company conducts extensive research to understand evolving consumer needs and tailors its product offerings accordingly, he said.
“I won’t be able to share the exact number, but yes, double-digit growth, we do expect that, we target a double-digit growth across our key financial metrics,” he added.
