Preneed income slips in Q1 despite premium growth

MANILA, Philippines – The pre-need industry’s earnings fell sharply in the first quarter as weaker trust fund returns offset gains in premium income and plan sales. Insurance Commission (IC) data showed the industry’s net income plunged 88 percent to P140 million in the first quarter from P1.17 billion a year earlier. READ: Preneed profits up 54.4% in 2025 According to the regulator, lower trust fund income amid the Middle East conflict drove the sharp decline. “The decrease in investment earnings reflects the impact of global economic uncertainty and geopolitical tensions, which have affected financial markets and investment performance,” Insurance Commissioner […]... Keep on reading: Preneed income slips in Q1 despite premium growth