Filipinos are spending more on financial protection

Allianz PNB Life grew net income to ₱1.06 billion as new policy sales jumped 17%.

More Filipinos are setting aside money for protection, and insurance companies are seeing the effect on their bottom lines.

Allianz PNB Life reported ₱1.06 billion in net income in 2025, while sales of new policies climbed 17% to ₱4.8 billion, beating overall industry growth and continuing a five-year run that has pushed the company’s average annual profit growth to 41%.

The numbers point to a broader change in spending priorities. As healthcare costs rise and financial uncertainty lingers, insurance is becoming a more serious consideration for households trying to avoid being financially wiped out by emergencies, illness, or sudden loss of income.

That growing demand helped push Allianz PNB Life’s gross written premiums up 17.1% to ₱37.7 billion.

The catalyst: beating medical inflation

The company said it plans to lean further into technology and more personalized products, part of a wider industry race to win customers who now expect faster service and clearer financial products instead of complicated sales pitches.

The growth also suggests that financial protection is moving higher on household priority lists. Consumers may be more careful with spending, but many are still willing to pay for products that help shield them from medical emergencies, loss of income, and other financial shocks.

 

 

Prioritizing protection over consumption. Allianz PNB Life cracks ₱1.06 billion in net income as new policy sales jump 17%.