Preneed profits up 54.4% in 2025
The country’s preneed industry posted stronger earnings at the end of 2025, driven by rising plan sales amid firmer regulatory oversight that restored consumer and investor trust.
This is according to the Insurance Commission, which reported that the sector’s net income had surged 54.4 percent to P7.96 billion in 2025, up from P5.15 billion in 2024.
The growth was largely supported by a 28-percent increase in plans sold, from nearly 700,000 to over 895,000, with life and memorial plans accounting for the majority.
This translated into total premiums of P23.94 billion, a 5.73-percent increase from the previous year.
“Strengthened regulatory oversight has positively impacted the industry’s growth by restoring the trust and confidence of both consumers and investors, ensuring a more secure and transparent market environment,” Insurance Commissioner Reynaldo Regalado said.
“As the data show, the preneed industry continues on a solid upward path—strengthening its financial position, maintaining profitability and enhancing its capacity to meet future obligations,” he added.
The tighter oversight reduced the number of licensed companies to 14 by year-end, but total net worth still rose 21.04 percent to P33.87 billion.
Meanwhile, total assets grew 8.19 percent to P178.2 billion, driven largely by investments in trust funds, which account for the bulk of assets.
These investments helped the industry maintain a P16.03-billion surplus over required reserves, ensuring sufficient funds to cover all preneed reserves and payable benefits.
Total liabilities stood at P144.33 billion.
“The overall performance of the industry reflects a positive outlook and strong growth prospects in the market. This is a foundation we aim to build upon in 2026 and the succeeding years,” Regalado said.
