Oona Insurance Philippines has entered the country’s top 10 non-life insurers by net written premiums, less than four years after entering the Philippine market, as its net income surged 200 percent in the first half of 2026.

The insurer reported an 80 percent year-on-year increase in gross written premiums (GWP) during the period, citing strong growth, disciplined underwriting and improving operating leverage.

Oona said the performance supports its next phase of expansion as the group evaluates acquisition opportunities across Southeast Asia, with the Philippines remaining a key strategic market.

“Building a new insurance company is one challenge. Transforming an established insurer while it continues serving customers every day is a much bigger challenge,” Oona Insurance founder and Group chief executive officer Abhishek Bhatia said.

“Over the past four years, that’s exactly what we’ve done in the Philippines — modernizing technology, strengthening underwriting, expanding distribution and reshaping the business,” he added.