Premiums of life insurance industry Philippines 2017-2024

Published by
Christy Balita,
Apr 28, 2025

In 2024, the life insurance industry in the Philippines generated total premiums amounting to approximately 352 billion Philippine pesos, indicating significant growth from the previous year. The total premiums of the life insurance sector fluctuated since 2021.

Total value of premiums generated by the life insurance sector in the Philippines from 2017 to 2024 (in billion Philippine pesos)

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Release date

April 2025

Region

Philippines

Survey time period

2017 to 2024

Supplementary notes

One Philippine peso is equal to 0.017 U.S. dollars and 0.016 euros as of April 2025.

Figures have been rounded.

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