The Philippine non-life insurance industry’s net income jumped 44% in the first half of 2026 as premium growth outpaced claims, data from the Insurance Commission showed.
Net income rose to P7.37 billion from P5.12 billion a year earlier, while net premiums written increased about 10% to P44.19 billion from P40.18 billion.
Motor vehicle insurance was the biggest contributor, accounting for P17.59 billion of net premiums written.
Claims paid rose 9.5% to P17.51 billion from P15.99 billion in the same period last year.
Industry assets surpassed P400 billion in the first half, rising 6.6% to P405.28 billion from P380.07 billion a year earlier.
The Insurance Commission said net worth, invested assets and paid-up capital also increased during the period, without providing figures in the statement.
