FWD Life Insurance Philippines ranked first in the local life insurance industry in terms of new business annual premium equivalent (NBAPE) on a singleton basis in the first quarter of 2026, according to data from the Insurance Commission.
The insurer recorded a total NBAPE of P2.67 billion in the first three months of the year, up 4.9 percent from the same period in 2025. The growth expanded the company’s market share to 12.4 percent as of the first quarter. FWD Philippines also maintained its top position in single premium and rose to number two in total premium.
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“Our growth is a reflection of increasing trust from Filipino customers choosing to have us protect their futures,” FWD Life Insurance Philippines president and chief executive Soon Liang Lau said.
“Being number one is a milestone, but our priority remains unchanged: helping Filipinos protect what matters most,” Lau said.
FWD entered the Philippine market in 2014 and ranked 30th during its first year of operations. The company expanded its reach through its agency force, digital channels and a bancassurance partnership with Security Bank.
“From number 30 in 2014 to number one in 2026, our journey has always been about making insurance more accessible and meaningful,” Lau said.
“We will continue to focus on supporting our customers, so they can face uncertainty with greater confidence,” said Lau.
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