Sun Life tops industry with P61.8 billion premiums

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February 26, 2026 | 12:00am

MANILA, Philippines — Sun Life of Canada (Philippines) Inc. remained the country’s largest life insurance company in 2025, maintaining its long-running market leadership as total premium income climbed to P61.8 billion, based on data released by the Insurance Commission (IC).

The insurer said its total premium income placed it ahead of the next closest competitor by P8.9 billion, extending its dominance in the local life insurance sector for 15 straight years.

The latest figures underscore the continued expansion of the industry as insurers push deeper into protection, investment-linked and health-related products amid rising consumer awareness of financial security.

Beyond premium generation, Sun Life also ranked first in net income, net worth, invested assets and total assets, allowing the company to lead in five of the six key performance metrics tracked by the regulator.

The broad-based strength suggests sustained profitability and balance sheet expansion, reflecting both strong sales performance and growth in managed assets.

Sun Life Philippines CEO and country head Benedict Sison credited the company’s performance to client confidence and the contribution of its workforce and sales force.

“We are deeply grateful to our clients for placing their trust in Sun Life year after year. This recognition belongs to them and to every member of our Sun Life family – our advisors, employees and partners – whose dedication makes our purpose possible,” Sison said.

He said the company remains focused on helping Filipinos secure their financial future through long-term solutions.

“Together, we remain committed to delivering meaningful financial solutions that help Filipinos achieve lifetime financial security and live healthier lives,” he said.

Looking ahead, the insurer said it plans to further expand its digital capabilities and advisor network as it moves into 2026, signaling continued investments in distribution and technology to sustain growth and strengthen customer engagement.

The company said these initiatives form part of its strategy to position itself as a “Partner for Life,” supporting clients in meeting their financial and family goals as demand for protection and wealth-building products continues to evolve.