May 5, 2026.- The Financial Market Commission (CMF) published the Insurance Market Financial Report for the close of 2025.
The market as a whole recorded sales of US$ 17,737 million between January and December 2025, representing a real increase of 9.3% compared to the same period of the previous year.
During 2025, life insurance market sales increased by 17.6% in real terms, compared to the same period in 2024, totaling US$ 12,215 million. Of this total, 68.4% corresponded to pension-related insurance, with the largest share being Life Annuities (47.8% of total premiums), followed by Disability and Survivorship Insurance (SIS, 15.5%). The share of Bancassurance and Retail insurance was 11.3%, and Individual Insurance accounted for 10.3%.
For its part, general insurance market sales recorded a real decrease of 5.4% compared to the same period of the previous year, totaling US$ 5,522 million. The insurance lines with the highest share of direct premiums were Earthquake and Tsunami (26.0%), Motor Vehicles (23.3% of sales), Fire (13.6%), Surety and Credit (4.8%), General Liability excluding Motor Vehicles (4.8%), Unemployment (4.3%), and Personal Accident Insurance (2.1%).
Results
Insurance industry profits reached US$ 1,311.2 million, a real increase of 13.6% compared to the same period in 2024.
The life insurance market recorded profits of US$ 983.2 million, representing a real increase of 5.2% compared to the same period of the previous year. This increase is explained by a higher level of retained premiums, which offset higher claims costs and technical reserve variations, along with a favorable contribution from investment results.
For their part, general insurance companies recorded profits of US$ 328 million, constituting a real increase of 49.2% compared to the same period in 2024. This is explained by higher investment results and an increase in the contribution margin, driven by the growth of retained premiums, along with a better intermediation result, which more than offset the rise in claims costs.
Regarding the investment portfolios of insurance companies, both life and general, they were mainly composed of domestic fixed-income instruments, at 53.7% and 78.0%, respectively, maintaining a structure similar to the previous period.
