Pre-need sector’s Q1 net profit down as volatility hits investment income

THE PRE-NEED INDUSTRY saw its combined net income drop by 88.05% in the first quarter as trust fund earnings were dragged by increased market volatility, the Insurance Commission (IC) said. The sector’s net income plunged to P140 million in the first three months of the year from P1.17 billion previously due to lower income generated […]