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Manila Bulletin devider Business devider Trade & Industry devider Sun Life Philippines tops life insurance industry with ₱62-billion premium income in 2025

Sun Life Philippines tops life insurance industry with ₱62-billion premium income in 2025

Published Feb 25, 2026 04:52 pm

At A Glance

  • Sun Life of Canada Inc.'s local unit topped the Philippine life insurance industry in 2025 across most key financial metrics.
Sun Life of Canada (Philippines) Inc. once again topped the Philippine life insurance industry in 2025 across most key financial metrics.
Official data from the Insurance Commission (IC) confirmed that Sun Life Philippines maintained a dominant market leadership position.
Sun Life Philippines’ total premium income in 2025 stood at ₱61.8 billion, securing the top rank for 15 consecutive years. This marked an 8.2-percent increase from its premium earnings of ₱57.1 billion in 2024.
Of the total, ₱25.9 billion came from traditional products and ₱35.9 billion from variable products.
This growth placed Sun Life Philippines at the top in net income (₱10.2 billion), net worth (₱60.1 billion), invested assets, and total assets, leading in five of the six metrics.
Meanwhile, paid-up capital—the total amount of money shareholders have already contributed to the insurer’s equity—stands at only ₱500 million, reflecting the company’s status as a mature firm that no longer requires heavy capital infusions.
Further, Sun Life Philippines ranked second in new business annual premium equivalent (NBAPE), totaling ₱9.2 billion. This metric, which reflects success in acquiring new business, included ₱5.5 billion in traditional premiums and ₱3.7 billion in variable premiums.
Sun Life Philippines Chief Executive Officer (CEO) and Country Head Benedict Sison expressed gratitude to the company’s clients for their continued trust, saying the recognition reflects the efforts of the company’s advisors, employees, and partners.
“Together, we remain committed to delivering meaningful financial solutions that help Filipinos achieve lifetime financial security and live healthier lives,” Sison said in a Feb. 25 statement.
For 2026, Sun Life Philippines plans to expand its digital services and advisor network while continuing to help Filipinos reach their financial and family goals.
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