Insurance provider Etiqa Philippines paid out nearly P4 billion in claims in 2025, underscoring both its capacity to meet policyholder obligations and the resilience of its balance sheet amid rising demand for protection products.
The payouts, spanning the company’s life, health, and general insurance businesses, reflect the firm’s ongoing focus on providing timely financial support to customers during critical moments. Company executives said the steady flow of claims payments also reinforces confidence in the insurer’s long-term financial stability.
Behind the payouts is a balance sheet anchored on strong capitalization and disciplined risk management. As a composite insurer, Etiqa Philippines maintains separate Risk-Based Capital (RBC) positions for its life and non-life operations—both significantly exceeding the thresholds required by the Insurance Commission.
As of 2024, the insurer’s life insurance arm held an RBC level roughly twice the regulatory minimum, while its non-life segment maintained capital at about five times the requirement. The company also meets the P1.3-billion minimum capital requirement for life insurers, providing an additional layer of financial assurance for policyholders.
“Financial strength is fundamental to the trust our customers place in us,” said Anthony Bernabe, president and chief executive officer.
“Maintaining capital well above regulatory requirements across both our Life and Non-Life businesses allows us to protect policyholders today while ensuring we remain resilient for decades to come,” he added.
Etiqa Philippines is part of Maybank Group through Etiqa International Holdings, linking the insurer to one of Southeast Asia’s largest financial institutions.
Modesta Mammuad, officer-in-charge chief financial officer, said the company’s financial discipline positions the insurer to meet obligations while sustaining growth.
“Our management deliberately focuses on capital adequacy, risk discipline, and sustainable financial management,” Mammuad said, noting that prudent underwriting, conservative investments, and strong governance remain central to the company’s long-term strategy.
