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MANILA, Philippines – The pre-need industry’s earnings fell sharply in the first quarter as weaker trust fund returns offset gains in premium income and plan sales.
Insurance Commission (IC) data showed the industry’s net income plunged 88 percent to P140 million in the first quarter from P1.17 billion a year earlier.
READ: Preneed profits up 54.4% in 2025
According to the regulator, lower trust fund income amid the Middle East conflict drove the sharp decline.
