Insurance sector posts net income of P39.9 billion from January-September–IC data

Quick Summary:

THE Philippines’ insurance industry recorded a net income of P39.928 billion, driven by the non-life sector, as of the third quarter of 2024.

Losses incurred, however, amounted to P21.845 billion, or 19.20 percent higher than the P18.326 billion recorded a year ago.

However, invested assets of life insurance companies increased by 15.01 percent to P1.929 trillion from last year’s P1.677 trillion.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Sector Income 2024 Last Insurance Higher Total Billion Percent Third Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 18:56:05 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23605698

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