The largest Filipino insurer has solidified its place among the country’s top life insurers based on its net worth, net income, and assets, according to the unaudited quarterly reports submitted to the Insurance Commission.
Insular Life (InLife) ranked number two in net worth, with P49.39 billion; number three in net income, with P3.96 billion; and number four in assets, with P144.59 billion.
According to InLife president and CEO Raoul Antonio E. Littaua, “InLife’s firm position in terms of net worth, net income, and assets indicates our financial stability and our capability to deliver our obligations to our policyholders. In addition to our high ranking in the industry which is dominated by foreign companies, our huge investments in digitalization and strong customer focus show our commitment to help Filipinos achieve their financial goals.”
InLife has been providing service for 112 years and aims to promote the benefits of life insurance to Filipinos while contributing to nation-building.
In 2022, InLife achieved almost P2 billion in New Business Annualized Premium Equivalent (NBAPE), propelling the company to ninth place in the measure of sales performance, up from 12th place in 2021.
InLife also registered the highest growth rate of 43 percent in NBAPE among the top 10 life insurers.
SOURCE: Bilyonaryo
