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This technical report and its accompanying policy brief provide a social and economic valuation of the flood protection benefits from mangroves in the Philippines. This work aims to support decisions across development, aid, risk reduction, and conservation sectors as they seek to identify sustainable and cost-effective approaches for risk reduction. This report applies the Expected Damage Function approach recommended by the World Bank to quantify the risk reduction benefits from mangroves in the Philippines. Using high-resolution flooding models, the report examines the flooding that would occur with and without mangroves under different storm conditions throughout the Philippines and estimates the annual expected benefits of mangroves for protecting people and property in social and economic terms.