Home BusinessAllianz PNB Life net income hits ₱1.06B, NBAPE grows 17% in 2025

Allianz PNB Life net income hits ₱1.06B, NBAPE grows 17% in 2025

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MANILA — Allianz PNB Life (AZPNBL) maintained strong financial momentum in 2025, with net income under Philippine Financial Reporting Standards (PFRS) rising to ₱1.06 billion, while New Business Annual Premium Equivalent (NBAPE) climbed 17 percent to ₱4.8 billion, outperforming industry averages and reinforcing the insurer’s continued growth.

Over the past five years, AZPNBL has maintained a compounded annual growth rate of 41 percent in net income, helping sustain its position among the country’s top life insurance companies.

Gross written premiums increased by 17.1 percent to ₱37.7 billion, reflecting sustained business growth and an even stronger financial position.

Joe Gross

Based on its newly released annual report, AZPNBL aims to build a more resilient and future-focused organization by strengthening customer-centricity, driving execution excellence, and accelerating innovation across the business.

The insurer further cited plans to align its resources and strategies to deliver more seamless and personalized customer experiences, while embedding a stronger culture of accountability, operational efficiency, and risk management to sustain long-term growth.

The company also added it will continue to leverage technology and data to develop more innovative insurance and financial solutions tailored to the evolving needs of Filipino customers.

“With the support of our dedicated team, trusted partners, and loyal customers, I am confident that Allianz PNB Life will continue to thrive and make a meaningful, lasting impact on the lives of Filipino families,” said AZPNBL President and CEO Joe Gross.

“Guided by our commitment to panatag, we endeavor to give every Filipino their peace of mind, knowing that they have a strong reliable partner in Allianz,” Gross added.

AZPNBL Chief Financial Officer Lukas Cacayan also said the company’s financial gains reflected disciplined execution and stronger collaboration across the organization.

“Because of our ongoing and transformative efforts, we were able to optimize our core strengths. This led to an improvement in our commitments in capital return and shareholder value. We are custodians not just of shareholder interest, but more importantly, of customer interest,” Cacayan said.

Globally, Allianz Group posted record financial results in 2025, achieving an all-time high operating profit of €17.4 billion, up 8.4 percent, while shareholders’ core net income rose by 10.9 percent to €11.1 billion. The Group’s total business volume expanded to €186.9 billion, reflecting strong internal growth of 8.1%.

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