Latest data from IC showed that the industry's net income reached P2.88 billion from January to June, 52 percent higher than the P1.89 billion in profit in the same period last year.
This even as the premium income of the sector slightly declined by 0.35 percent to P11.17 billion following the 22 percent drop in the total number of plans sold.
The industry sold 327,841 pre-need plans, 22 percent lower than the 419,044 sold in the first semester of 2023.
Life plans accounted for the bulk or 99 percent of total pre-need plans, which also registered a 22 percent drop in the number of plans sold.
The remaining 316 were pension plans, which slipped by 26 percent from the 429 sold the year prior. Education plans, however, more than tripled to 36 plans sold.
Denne historien er fra October 24, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 24, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
WHY GONG YOO HAS 'PERFECT CHEMISTRY' WITH SEO HYUN JIN IN 'THE TRUNK'
IN NETFLIX'S NEWEST SOUTH KOREAN DRAMA \"THE TRUNK,\" Gong Yoo and Seo Hyun Jin have shown \"perfect chemistry,\" making them \"lovely to watch\" as two people first brought together by a contract marriage.
Love, timing and the Taxi Cab Theory
If the timing is perfect, should it be the only basis for a person to commit to a relationship? What about love? Maturity? Stability? If you are starting a relationship with someone, both of you must be ready to put in extra effort for it to work and sustain for a long time to the point of marriage.
VIC SOTTO, PIOLO PASCUAL ON WORKING DYNAMICS IN 2024 MMFF ENTRY 'THE KINGDOM'
While filming the 2024 Metro Manila Film Festival (MMFF) entry \"The Kingdom,\" Vic Sotto and Piolo Pascual didn't get to really bond on set so that they would be able to portray their respective characters, Lakan Makisig and Sulo, more believably.
WATSONS X PVL: A WINNING PARTNERSHIP IN HEALTH, WELLNESS AND BEAUTY
The Premier Volleyball League (PVL) strikes a partnership with health and beauty retailer Watsons to \"elevate health, wellness, and beauty\" on and off court at the ongoing 2024-2025 All-Filipino Conference.
MERCA, 'PAKULO' AND FAN MAGIC
my turn
Decisive move
The Department of Trade and Industry is moving closer to imposing safeguard measures on imported cement which continues to flood the local market to the detriment of the Philippine cement industry.
CHP to remain listed after Dacon tender offer
Cemex Holdings Philippines Inc. (CHP) will remain a listed company following the completion of the tender offer by the Consunji family's Dacon Corp.
Megawide bags SMC contract for Caticlan project
San Miguel Corp. (SMC) has tapped Infrastructure conglomerate Megawide Construction Corp. to help develop the Caticlan Airport into a world-class facility.
IQOS Phl charts path toward smoke-free future
IQOS, a heated tobacco product by Philip Morris International (PMI), is working to expand its reach and influence in the Philippines, with ambitions of a future where traditional cigarettes \"will belong to museums.\"
InstaPay, PESONet transactions hit P14 T
Digital payments gained further traction in the Philippines, with transactions via the Bangko Sentral ng Pilipinas (BSP)'s InstaPay and PESONet platforms surging by 34.6 percent as of end-October amid the sustained adoption of digital services.
