Manila, Aug. 24 -- Variable universal life (VUL) insurance products continued to hold the larger share of premium collections in the first six months of 2026, but traditional life insurance products posted a larger jump.

Data released by the Insurance Commission (IC) on Monday showed PHP229.98 billion premium collections in the first half of 2026, up by 17.91 percent against year-ago's PHP195.05 billion.

Of the total, VUL premiums rose 14.79 percent to PHP150.03 billion from last year's PHP130.7 billion.

Total premiums from traditional life insurance products increased 24.25 percent to PHP79.95 billion, from PHP64.35 million a year ago.

The insurance industry booked a total net income of PHP21.42 billion in the first six months this y...