Insurance penetration improved to 1.78% in 2025, as insurers paid 121.9bn pesos (approx. US$2.08bn) in life benefits and sector assets climbed past 2 trillion pesos.
Under the initiative, AXA’s HNW clients will gain enhanced access to Deloitte Private’s professional expertise that spans insurance structuring, wealth planning, and tax considerations.
The transaction, first announced in February 2025, covers both US protection and pension risk transfer units, and will see the Japanese insurer also take a 5% economic stake in L&G itself.
The company's minimum 90 day voluntary suspension of new sales begins on 9 February, as the insurer moves to implement governance and sales-practice reforms.
Despite a decline in the measurements of its capital, the insurer posted a 33.5% rise in net profit in 1H25, driven by higher investment income and growth in new business value.
