HMO coverage is taking on part of the bill, with Intellicare paying ₱9.35B in 6 months.
Premium income hits nearly ₱230B, up 17.9% year-on-year.
Motor insurance accounts for 40% of net premiums as the industry’s profit rises to ₱7.37 billion, even as underwriting losses widen.
Premiums and payouts both rise as demand for financial protection holds steady.
