The Philippine pre-need industry remained resilient despite a sharp decline in net income during the first quarter of 2026, the Insurance Commission (IC) reported on Wednesday, June 24.
Net Income Plunges on Lower Trust Fund Earnings
The IC said the industry’s total net income dropped to P140 million in the first quarter of 2026, down from P1.17 billion in the same period last year. The decline was attributed to lower income generated from trust funds.
“The decrease in investment earnings reflects the impact of global economic uncertainty and geopolitical tensions, which have affected financial markets and investment performance,” IC Commissioner Reynaldo Regalado said in a statement. “Increased market volatility and inflationary pressures also contributed to the decline in the industry’s net income.”
Plan Sales and Premium Income Grow
Despite the income drop, the number of plans sold increased by 11.92 percent to 244,233 plans from 218,218 in the first quarter of 2025. “Life and memorial plans continued to dominate sales, accounting for 99.92 percent of all plans sold during the quarter,” Regalado added.
Total premium income rose by 12.31 percent to P6.53 billion from P5.82 billion a year earlier.
Net Worth and Assets Strengthen
The industry’s total net worth increased by 12.18 percent to P32.36 billion from P28.84 billion in the first quarter of 2025. Total assets grew by 9.6 percent to P179.32 billion from P163.61 billion, driven mainly by investments in trust funds, which accounted for 85.79 percent of total assets.
