10.20.2015

32 Life Insurance Companies Ranked Based on Net Worth as of December 2014

By Nora
Here's a tentative* ranking of the 32 life insurance companies in the Philippines based on net worth as of December 2014:

Rank   Insurance CompanyNet Worth   Rank
2014 Billion2013
Pesos
1Philam Life 28.7762
2Insular Life 27.3711
3Sun Life Phils 16.3123
4Manulife Phils  8.9854
5United Coconut Planters  8.4295
6BPI Philam Life  4.3506
7SunLife Grepa Financial  3.4197
8Pru Life Insurance  3.2259
9Philippine AXA Life  2.8508
10Generali Pilipinas Life  2.73410
11Beneficial Life 2.53511
12FWD Life  1.422
13Pioneer Life  1.18313
14Caritas Life  1.08814
15PNB Life  1.08715
16Manulife Chinabank Life  1.053
17AsianLife & General 0.92116
18CLIMBS Life  0.76720
19Fortune Life  0.71318
20Philam Equitable Life  0.68617
21Great Life Financial  0.62419
22Phils International Life  0.597
23United Life  0.49421
24Country Bankers Life  0.37723
25Manila Bankers Life  0.33527
26Philippine Prudential Life  0.32325
27First Life Financial  0.31626
28Cooperative Insurance System     0.29330
29Paramount Life  0.29324
30 Philippine Life Financial  0.24122
31 CAP Life Insurance  0.19629
32BF Life Insurance  0.13231

Notes:
1.  *Above ranking is tentative because it was based on submitted unaudited quarterly reports
2.  CLIMBS = Cooperative Life Insurance & Mutual Benefit Services
3.  BPI Philam Life was formerly Ayala Life
4.  Philippine Life Financial Assurance Corp. was formerly named AsianLife Financial Assurance Corp. Name was changed in June 2012. Philippine Life is a subsidiary of STI Investments Inc.

Source: Insurance Commission (insurance.gov.ph)

List of Life Insurance Companies Licensed for the year 2014-2015 

List of Life Insurance Companies Licensed for the year 2013-2014 
Ranking of Life Insurance Companies, 2014

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