IC also reported on Feb. 28, 2025 that the pre-need industry's total net income rose by 146.93 percent year-on-year, from P2.09 billion as of the quarter ending on Dec. 31, 2023 vis-à-vis P5.15 billion as of the quarter ending Dec. 31, 2024.
IC also reported on Feb. 28, 2025 that the pre-need industry's total net income rose by 146.93 percent year-on-year, from P2.09 billion as of the quarter ending on Dec. 31, 2023 vis-à-vis P5.15 billion as of the quarter ending Dec. 31, 2024. 'The increase was largely driven by the 68.04-percent spike in the total income earned from 'investments in trust funds' and a 120.23-percent surge in 'other income',' Regalado said.
The pre-need sector's total assets likewise grew by 8.12 percent, or from P152.34 billion as of Q4 2023 to P164.71 billion as of Q4 2024. Investments in trust funds, which comprise 84.79 percent of the sector's total assets, increased by 9.08 percent year-on-year. The sector's total net worth also grew by 20.54 percent from P23.22 billion as of Q4 2023 to P27.98 billion as of Q4 2024. This was mainly due to the 38.
Companies End 2024 Strong With 146.93% Rise In Net Income
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