Philippine Insurance Industry’s Income Surges by 76.52%

The insurance industry recorded a total net income of P19.17 billion as of June 30 this year, higher by 76.52 percent from the P10.86 billion posted in the same period in 2015. The growth was driven by the life insurance sector whose net income increased 68.73 percent during the first half to P15.27 billion from P9.05 billion last year. The non-life sector’s net income grew at a slower pace at 18.23 percent to P2.14 billion from P1.81 billion in 2015…

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