9.05.2014

Top 16 Life Insurance Companies, by Premium Income 2013

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

Each of these 16 companies posted a premium income of more than one billion pesos as of December 31, 2013.

The 11 other companies had less than one billion pesos in net worth as of December 2013.

PREMIUM
 INCOME
Rank   Life Insurance Companyin BILLION
PESOS
1 Sun Life Phils   29.699
2 Philam Life 19.967
3 Philippine AXA Life 18.268
4 Pru Life Insurance 18.001
5 Manulife Phils  15.004
6 BPI Philam Life 14.282
7 SunLife Grepa Financial  11.982
8 Insular Life  11.154
9 Manulife Chinabank Life   8.205
10 PNB Life   6.367
11 United Coconut Planters          4.186
12 Generali Pilipinas Life   3.919
13 Pioneer Life   1.958
14 AsianLife   1.653
15 Philippine Prudential Life   1.108
16 Fortune Life   1.042



With Less Than One Billion Premium Income

Rank   Life Insurance Companyin MILLION
PESOS
17First Life Financial796.512
18CLIMBS Life745.176
19Paramount Life605.426
20Country Bankers Life522.682
21Philippine Life Financial323.791
22Cooperative Insurance System      204.253
23Manila Bankers Life145.776
24Philam Equitable Life  62.105
25Banclife Insurance  44.945
26United Life  35.212
27Great Life Financial      -


Note: The following companies have not yet submitted to the Insurance Commission their premium income reports for 2013:

.  Beneficial Insurance
.  BF Life Insurance
.  CAP Life Insurance
.  Caritas Life
.  Philippine Interlife

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