Here’s a tentative* ranking of the 32 life insurance companies in the Philippines based on net worth as of December 2014:
Rank | Insurance Company | Net Worth | Rank |
2014 | Billion | 2013 | |
Pesos | |||
1 | Philam Life | 28.776 | 2 |
2 | Insular Life | 27.371 | 1 |
3 | Sun Life Phils | 16.312 | 3 |
4 | Manulife Phils | 8.985 | 4 |
5 | United Coconut Planters | 8.429 | 5 |
6 | BPI Philam Life | 4.350 | 6 |
7 | SunLife Grepa Financial | 3.419 | 7 |
8 | Pru Life Insurance | 3.225 | 9 |
9 | Philippine AXA Life | 2.850 | 8 |
10 | Generali Pilipinas Life | 2.734 | 10 |
11 | Beneficial Life | 2.535 | 11 |
12 | FWD Life | 1.422 | |
13 | Pioneer Life | 1.183 | 13 |
14 | Caritas Life | 1.088 | 14 |
15 | PNB Life | 1.087 | 15 |
16 | Manulife Chinabank Life | 1.053 | |
17 | AsianLife & General | 0.921 | 16 |
18 | CLIMBS Life | 0.767 | 20 |
19 | Fortune Life | 0.713 | 18 |
20 | Philam Equitable Life | 0.686 | 17 |
21 | Great Life Financial | 0.624 | 19 |
22 | Phils International Life | 0.597 | |
23 | United Life | 0.494 | 21 |
24 | Country Bankers Life | 0.377 | 23 |
25 | Manila Bankers Life | 0.335 | 27 |
26 | Philippine Prudential Life | 0.323 | 25 |
27 | First Life Financial | 0.316 | 26 |
28 | Cooperative Insurance System | 0.293 | 30 |
29 | Paramount Life | 0.293 | 24 |
30 | Philippine Life Financial | 0.241 | 22 |
31 | CAP Life Insurance | 0.196 | 29 |
32 | BF Life Insurance | 0.132 | 31 |
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