Premium income of life insurance industry Philippines 2016-2022

Published by
Christy Balita,
Feb 20, 2024

In 2022, the life insurance industry in the Philippines generated total premium income amounting to approximately 309.85 billion Philippine pesos. This reflects a slight decrease from the previous year's total of 310.45 billion Philippine pesos.

Total value of premium income generated by life insurance sector in the Philippines from 2016 to 2022 (in billion Philippine pesos)

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Release date

January 2024

Region

Philippines

Survey time period

2016 to 2022

Supplementary notes

One Philippine peso is equal to 0.018 U.S. dollars and 0.017 euros as of February 2024. 
Figures have been rounded.

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