9.04.2014

Top 12 Life Insurance Companies, by Net Worth, Dec 2013

By Nora
Here are the top life insurance companies in the Philippines, based on Net Worth as of December 31, 2013, as published on the website of the Insurance Commission.

Each of these 12 companies posted a net worth of more than one billion pesos as of December 31, 2013.

The 19 other companies had less than one billion pesos in net worth as of December 2013.

Net Worth
Rank   Life Insurance Companyin BILLION
PESOS
1  Insular Life28.417
2  Philam Life26.460
3  Sun Life Phils12.892
4  Manulife Phils  7.817
5  United Coconut Planters          7.591
6  BPI Philam Life  3.527
7  SunLife Grepa Financial   2.873
8  Philippine AXA Life  2.603
9  Pru Life Insurance  2.445
10  Beneficial Life  1.538
11  Generali Pilipinas Life  1.405
12  Manulife Chinabank Life  1.153



The NOT-YET-BILLIONAIRE Life Insurance Companies

Rank   Life Insurance Companyin MILLION
PESOS
13Pioneer Life967.380
14Caritas Life922.327
15PNB Life781.653
16AsianLife775.674
17Philam Equitable Life663.371
18Fortune Life635.031
19Great Life Financial588.848
20CLIMBS Life582.312
21United Life509.701
22Philippine Life Financial410.286
23Country Bankers Life388.845
24Paramount Life365.313
25Philippine Prudential Life304.817
26First Life Financial288.176
27Manila Bankers Life257.551
28Banclife Insurance217.182
29CAP Life Insurance199.674
30Cooperative Insurance System      199.674
31BF Life Insurance169.306


Note: Philippine Interlife has not yet submitted its net worth report for 2013.

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