Philippines: Combined net surplus of mutual benefit associations drops in Jan-Mar 2025
The combined net surplus of mutual benefit associations (MBAs) in the Philippines has dropped by 25.21% to PHP1.59bn ($28.67m) in the first quarter of 2025, according to statistics released by the Insurance Commission (IC). This represents a decline from PHP2.12bn in the same period last year.
The Insurance Commission’s data highlights the financial performance of MBAs in the first quarter of 2025. The decrease in net surplus indicates a significant change in the financial landscape of these associations.
For more detailed information and related news, you can refer to other articles on the insurance sector’s performance in the region.
