Manila, June 24 -- The Philippine pre-need industry remained resilient despite the decline in income in the first quarter of the year, the Insurance Commission (IC) said Wednesday.

The IC said the industry's total net income fell to PHP140 million in the first quarter of 2026 from last year's PHP1.17 billion due to the lower income generated from trust funds.

"The decrease in investment earnings reflects the impact of global economic uncertainty and geopolitical tensions, which have affected financial markets and investment performance," IC Commissioner Reynaldo Regalado said in a statement.

"Increased market volatility and inflationary pressures also contributed to the decline in the industry's net income."

Despite the decline, the ...