Insular Life (InLife) delivered a strong top-line performance last year, with revenues surging to P36 billion as the insurer reaped gains from higher premium collections and the integration of Generali Philippines, now operating as InLife Benefits.
The country’s largest Filipino-owned life insurer said consolidated revenues rose from P27 billion in 2024, boosted by robust insurance sales and a one-time gain from the Generali acquisition. The results highlight how consolidation is reshaping competition in the insurance sector as firms seek greater scale and broader product offerings.
Consolidated assets climbed to P176 billion from P159 billion, supported by insurance receivables from InLife Benefits and continued growth in Variable Unit-Linked (VUL) insurance assets.
Profitability, however, came under pressure despite the revenue growth. Consolidated net income slipped to P2.5 billion from P2.78 billion a year earlier as higher premium allocations linked to strong VUL sales weighed on earnings.
At the parent-company level, revenues exceeded P33 billion, up from P27 billion in 2024, driven by higher VUL premiums and stronger investment income. Assets expanded to P172 billion from P159 billion, while net income declined to P2.15 billion from P2.7 billion due to new business strain associated with rapid premium growth.
“We paid P11.4 billion in total claims and benefits in 2025,” said InLife president and chief executive officer Raoul Antonio E. Littaua, underscoring the company’s commitment to policyholders.
The integration of InLife Benefits has broadened the company’s reach in life and health insurance as well as employee benefits, strengthening its position in a market where demand for financial protection and healthcare coverage continues to rise.
Based on 2025 industry data from the Insurance Commission, InLife ranked third in net worth, fourth in assets, sixth in premium income, and seventh in net income among life insurers.
Combined with InLife Benefits, it also placed fifth in New Business Annualized Premium Equivalent, reinforcing its standing as one of the industry’s leading players.
