Net worth of the insurance sector Philippines 2014-2023

Published by
Christy Balita,
Mar 25, 2024
The total net worth of the insurance industry in the Philippines amounted to approximately 461 billion Philippine pesos in 2023, reflecting a significant increase compared to the previous year. Net worth represents the value of the difference between assets and liabilities.

Total net worth of the insurance industry in the Philippines from 2014 to 2023 (in billion Philippine pesos)

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Release date

March 2024

Region

Philippines

Survey time period

2014 to 2023

Special properties

including the net worth of Mutual Benefit Associations (MBA)

Supplementary notes

One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of March 2024.
Figures have been rounded.
Figures prior to 2022 came from previous reporting.

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Overview

4

Key indicators

5

Life insurance

4

Pre-need insurance

4

Health insurance

6

General insurance

8

Leading companies

6

Consumer perspective

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