FWD Life Insurance tops PH Insurance Industry in Q1 2025

MANILA, PHILIPPINES, 22 MAY 2025 – FWD Life Insurance (FWD Philippines) secures the number one life insurer in the Philippines in terms of new business annual premium equivalent (NBAPE) on a singleton basis, according to the Insurance Commission’s (IC) 2025 Q1 Report.

FWD Philippines records a total NBAPE of Php 2.5 billion in the first quarter of 2025, a 57% increase versus the same period the previous year, and the highest percentage growth among the country’s top 10 insurance companies. In addition to securing the number one ranking among life insurers in the Philippines, FWD Philippines also captures the Top 2 spot on a combined basis.

“This achievement is more than just a number – it is a powerful reflection of our collective commitment to changing the way people feel about insurance. As the insurer of the next generation, we put our customers at the heart of everything we do and commit to support nation-building by offering innovative and accessible insurance products, promoting financial inclusion, and enabling every Filipino to build their best future and truly celebrate living.” said FWD Philippines President and Chief Executive Officer, Manuel Antonio “Jumbing” De Rosas.

After ranking among the Top 6 in 2022, FWD Philippines achieved and maintained a Top three ranking from 2023 to 2024, establishing itself as one of the fastest-growing insurers in the Philippines.

Learn more about FWD’s innovative products, services, and programs by visiting www.fwd.com.ph.

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About FWD Life Insurance

FWD Life Insurance Corporation (FWD Philippines) launched its commercial operations in September 2014. In just 10 years, FWD Philippines now ranks 3^rd in terms of both new business annual premium equivalent¹ and premium income².

FWD Philippines is part of FWD Group, a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.

FWD Philippines is regulated by the Insurance Commission of the Philippines and is legally permitted to provide insurance products and services within the country.

¹ www.insurance.gov.ph > Data > Statistics > Life Insurance Companies > 2024 > Based on New Business Annual Premium Equivalent
² www.insurance.gov.ph > Data > Statistics > Life Insurance Companies > 2024 > Based on Premium Income

Want to get in touch?

Reach FWD here, or visit us at our Head Office.
Contact the Insurance Commission Philippines here.