Record profits, regular dividends banner Nat Re’s Annual Stockholders’ Meeting
NEWS RELEASE: 2026 Annual Stockholders Meeting
Record profits, regular dividends banner Nat Re’s Annual Stockholders’ Meeting
MANILA – The National Reinsurance Corporation of the Philippines (Nat Re) reported a record Php829.5 million in net profit in 2025 on the back of solid underwriting performance and consistent strong investment income, allowing it to declare dividends for the first time in 12 years.
Despite heightened uncertainties and catastrophic events in 2025, Nat Re delivered strong financial results that saw its net profit increase by 50.5% compared to its 2024 income, Nat Re’s President & CEO, Mr. Allan Santos, announced Wednesday, June 24, 2026, as the Corporation’s shareholders convene for its Annual Stockholders’ Meeting at RCBC Plaza in Makati City.
The growth, Santos added, was mainly driven by the Company’s net underwriting income, which was up 49.4% to Php744.2 million in 2025, supported by stronger results from the Non-life Domestic and Life businesses, and by investment and other income, which grew by 25.7% to Php670.3 million.
Favorable claims development in the Fire portfolio, lower commissions, and growth from new and existing medical treaties contributed to improved performance, while unfavorable prior period development in the Non-life Foreign business tempered overall gains.
Despite a 4.9% decline in gross written premiums to PHP5.7 billion, Nat Re’s disciplined underwriting and portfolio optimization strategies strengthened profitability, with the combined ratio improving to 91.5% from 97.1% in 2024.
First Dividend Declaration in Years
Earlier, Nat Re disclosed its first regular cash dividend in 12 years, declaring about Php290 million in regular cash dividends or Php0.137 per share to be given out to stockholders with record date as of June 15, 2026.
The declared regular cash dividend amounts to 35% of the Corporation’s total net profit in 2025 and was approved during its Board meeting in May, during which the Board also approved changes to the Company’s Dividend Policy, which now aims to distribute annual cash dividends equivalent to at least 30% of prior year’s audited net income. The exact dividend payout, however, shall continue to take into consideration various factors, including the Company’s financial condition, cash flow, and the Company’s projected levels of capital expenditure and other investment plans, among others.