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This landmark figure underscores the group’s systemic importance to the national economy and its role in providing a fiscal safety net for over 4.5 million policyholders.
Pixabay / File
MANILA, Philippines — Diversified insurance and health care conglomerate Philippines First Insurance (PFI) Group has solidified its position as a dominant player in the Philippine financial services sector by breaching the P100-billion threshold in total claims paid.
This landmark figure underscores the group’s systemic importance to the national economy and its role in providing a fiscal safety net for over 4.5 million policyholders. The announcement forms part of the year-long celebration of the 120th anniversary of its foundational brand PhilFirst, marking over a century of continuous operation through various global economic cycles. The PFI Group also includes PhilLife, PhilCare and PhilPlans.
“We stand with a legacy of promises kept, having paid out over P100 billion in claims to our fellow Filipinos in their times of greatest need.” said PFI Group president and CEO Jaeger Tanco. “That’s not just a figure on a balance sheet; that’s lives protected, businesses saved, families kept afloat. That is our purpose in action.”
The group’s fiscal year 2025 performance indicates a significant outperformance of industry benchmarks, characterized by aggressive market capture across all subsidiaries.
PhilCare, the group’s health care arm, ended 2025 with 48 percent revenue growth. This momentum was mirrored by PhilLife, which delivered a high-velocity expansion of 44 percent growth for the 2025 period.
Meanwhile, PhilPlans maintained its competitive edge with a 25-percent growth in 2025, following a robust 31 percent revenue increase in 2024. The group’s foundational brand, PhilFirst, demonstrated a powerful resurgence by posting a 24 percent revenue increase in 2025, providing significant tailwinds as the company enters its landmark 120th year of operations in 2026.
“Our strength as a group lies in our ability to operate as one while drawing from the distinct expertise of each of our companies across health, life, non-life, and pre-need insurance–creating a seamless, one-stop experience for our customers at every life stage. This synergy also allows us to break down internal silos to allow for a comprehensive cross-selling ecosystem,” Tanco said.
