Updated September 25, 2021
Here are the top non-life insurance companies in the Philippines,
based on Insurance Commission’s records for the year ended December 2020.
RANK | INSURANCE COMPANIES | ASSETS |
1 | Pioneer Insurance & Surety Corp. | 39.843 B |
2 | Malayan Insurance Co. | 34.966 B |
3 | Prudential Guarantee & Assurance Inc. | 19.185 B |
4 | BPI/MS Insurance Corp. | 15.312 B |
5 | Charter Ping An Insurance Corp. | 11.124 B |
6 | FPG Insurance Co. | 9.296 B |
7 | Standard Insurance Co. | 8.128 B |
8 | PNB General Insurers Co. | 6.925 B |
9 | AIG Philippines Insurance Inc. | 6.285 B |
10 | UCPB General Insurance Co. | 5.149 B |
11 | MAA General Assurance Phils. Inc. | 5.018 B |
12 | Mapfre Insular Insurance Corp. | 4.490 B |
13 | Mercantile Insurance Co. | 4.269 B |
14 | PGA Sompo Insurance Corp. | 4.231 B |
15 | Paramount Life & General Insurance Corp. * | 4.223 B |
16 | Starr International Insurance Philippines Branch | 4.106 B |
17 | Stronghold Insurance Company, Inc. | 3.854 B |
18 | Commonwealth Insurance Company | 3.605 B |
19 | Insurance Company of North America | 3.569 B |
20 | Philippines First Insurance Co. | 3.463 B |
21 | Pacific Cross Insurance Inc. (Blue Cross Insurance Inc.) | 3.065 B |
22 | M Pioneer Insurance Inc. | 3.032 B |
23 | Alliedbankers Insurance Corp. | 2.855 B |
24 | Oriental Assurance Corp. | 2.792 B |
25 | Philippine British Assurance Co. | 2.679 B |
26 | Cibeles Insurance Corp. | 2.592 B |
27 | Card Pioneer Microinsurance Inc. | 2.528 B |
28 | Asia Insurance (Philippines) Corp. | 2.343 B |
29 | Sterling Insurance Co. | 2.278 B |
30 | Alpha Insurance & Surety Co. | 2.230 B |
31 | Pacific Union Insurance Co. | 2.145 B |
32 | Travellers Insurance & Surety Corp. | 2.134 B |
33 | Fortune General Insurance Corp. | 1.940 B |
34 | Western Guaranty Corp. | 1.899 B |
35 | Asia United Insurance Inc. | 1.888 B |
36 | Visayan Surety & Insurance Corp. | 1.854 B |
37 | Liberty Insurance Corp. | 1.847 B |
38 | Milestone Guaranty & Assurance Corp. | 1.776 B |
39 | Petrogen Insurance Corp. | 1.730 B |
40 | Premier Insurance & Surety Corp. | 1.718 B |
41 | Pioneer Intercontinental Insurance Corp. | 1.692 B |
42 | New India Assurance Co. Ltd. | 1.586 B |
43 | Corporate Guarantee & Insurance Co. | 1.577 B |
44 | SGI Philippines General Insurance Co. | 1.556 B |
45 | Empire Insurance Co. | 1.515 B |
46 | Bethel General Insurance & Surety Corp. (BF Gen Ins. & Sty.) | 1.499 B |
47 | Perla Compañia de Seguros Inc. | 1.409 B |
48 | Reliance Surety & Insurance Co. | 1.408 B |
49 | Intra-Strata Assurance Corp. | 1.351 B |
50 | CLIMBS Life & General Insurance Coop. * | 1.168 B |
51 | Metropolitan Insurance Company, Inc. | 1.156 B |
52 | Country Bankers Insurance Corp. | 1.138 B |
53 | Philippine American Life and General Insurance Co. (PhilamLife)* | 1.125 B |
54 | 1CISP Life and General Insurance * | 1.119 B |
55 | Etiqa Life and General Assurance Phils., Inc. (AsianLife & Gen.) * | 839.100 M |
These non-life insurers were not able to submit their reports:
– AA Guaranty Assurance Corp. Inc. (Northwest Ins. & Surety) report not submitted
– People’s General Insurance Corp. report not submitted
– QBE Seaboard Insurance Philippines, Inc. report not submitted
What Are Non-Life Insurance Companies?
Non-Life Insurance Companies offer some or all of the following non-life insurance products:
- Home
- Motor (Car)
- Property
- Health
- Travel
- Miscellaneous Casualty
- Surety Bond
- Business
- Cargo
- Fire
- Personal Accident
- Hull or Marine
- General Accident
- Aviation
- OFW
- Golfer
- Engineering
- Microinsurance
- Group Insurance
- Fine Arts
Top Life Insurance Companies in the Philippines, by Assets, Dec 2020
Top Non-Life Insurance Companies in the Philippines, Year 2015
based on Premiums Earned in 2015, from data submitted by the companies to the Insurance Commission.
Nine non-life insurance companies have surpassed the one-billion-peso mark.
RANK | INSURANCE COMPANY | PREMIUMS EARNED |
2015 | NON-LIFE | 2015 |
1 | Prudential Guarantee & Assurance Corp. | 3,348,906,826 |
2 | Malayan Insurance Co., Inc. | 3,054,120,781 |
3 | BPI/MS Insurance Corp. | 2,288,623,289 |
4 | Charter Ping An Insurance Corp. | 2,070,477,289 |
5 | Pioneer Insurance & Surety Corp. | 1,729,124,977 |
6 | FPG Insurance Co. Inc. | 1,648,196,914 |
7 | UCPB General Insurance Co. | 1,403,511,187 |
8 | MAPFRE Insular Insurance Corp. | 1,362,975,225 |
9 | Standard Insurance Co., Inc. | 1,213,487,384 |
10 | Pacific Cross Insurance Inc. | 925,579,725 |
11 | MAA General Assurance Philipppines, Inc. | 873,607,368 |
12 | Commonwealth Insurance Co. | 826,903,417 |
13 | Philippine British Assurance Co., Inc. | 773,348,891 |
14 | QBE Seaboard Insurance Phils., Inc. | 629,693,639 |
15 | Alpha Insurance & Surety Co. | 590,223,278 |
16 | PNB General Insurers Co., Inc. | 574,060,341 |
17 | Paramount Life & General Insurance Corp. | |
(non-life unit) | 493,878,247 | |
18 | AIG Philippines Insurance Inc. | 451,505,526 |
19 | Fortune General Insurance Corp. | 433,714,548 |
20 | Insurance Company of North America | 433,485,304 |
21 | Mercantile Insurance Co., Inc. | 419,382,040 |
22 | Corporate Guarantee & Insurance Co. | 417,668,598 |
23 | Western Guaranty Corp. | 377,934,483 |
24 | Pacific Union Insurance Co. | 377,591,249 |
25 | Plaridel Surety & Insurance Co. | 324,933,222 |
26 | Premier Insurance & Surety Corp. | 322,652,504 |
27 | Asia Insurance Phils. Corp. | 308,819,125 |
28 | People’s General Insurance Corp. | 300,443,886 |
29 | Travellers Insurance & Surety Corp. | 298,128,975 |
30 | Perla Compania de Seguros Inc. | 257,703,647 |
31 | New India Assurance Co. Ltd. | 251,506,028 |
32 | FLT Prime Insurance Corp. | 223,065,771 |
33 | Visayan Surety & Insurance Corp. | 210,159,898 |
34 | Cibeles Insurance Corp. | 191,149,358 |
35 | Asia United Insurance Inc. | 190,821,987 |
36 | CLIMBS Life & General Insurance | |
(non-life unit) | 168,083,966 | |
37 | Republic Surety & Insurance Co., Inc. | 149,836,505 |
38 | Country Bankers Insurance Corp. | 147,265,200 |
39 | Liberty Insurance Corp. | 147,017,033 |
40 | Milestone Guaranty & Assurance Corp. | 144,407,376 |
41 | CARD Pioneer Microinsurance Inc. | 143,650,413 |
42 | Philippines First Insurance Co., Inc | 138,531,520 |
43 | Empire Insurance Co. | 133,334,744 |
44 | First Nationwide Assurance Corp. | 124,367,974 |
45 | Alliedbankers Insurance Corp. | 118,284,332 |
46 | Philippine Fire & Marine Insurance Corp. | 113,380,323 |
47 | Centennial Guarantee Assurance Corp. | 43,593,801 |
48 | AFP General Insurance Corp. | 92,352,976 |
49 | Solid Guaranty Inc. | 91,290,905 |
50 | Intra Strata Assurance Corp. | 88,358,816 |
51 | Bankers Assurance Corp. | 77,239,503 |
52 | Reliance Surety & Insurance Co., Inc. | 73,258,172 |
53 | Meridian Assurance Corp. | 69,720,780 |
54 | SGI Philippines General Insurance Co., Inc. | 61,517,257 |
55 | Northwest Insurance & Surety Co., Inc. | 60,936,191 |
56 | Metropolitan Insurance Co., Inc. | 59,981,480 |
57 | Investors Assurance Corp. | 54,357,317 |
58 | Pioneer Intercontinental Insurance Corp. | 43,593,801 |
59 | Starr International Insurance Philippines Branch | 41,169,312 |
60 | Petrogen Insurance Corp. | 30,241,293 |
61 | PGA Sompo Japan Insurance Inc. | 23,534,102 |
62 | Manila Surety & Fidelity Co., Inc. | 17,674,584 |
63 | First Integrated Bonding & Insurance Co. | 15,406,758 |
64 | United Insurance Co. | 13,328,862 |
65 | Oriental Assurance Corp. | not yet submitted |
66 | Sterling Insurance Co., Inc. | not yet submitted |
67 | Stronghold Insurance Co., Inc. | not yet submitted |
Notes:
Pacific Cross Insurance Inc., provider of medical and travel insurance, is now the name of Blue Cross Insurance.
Source: Annual Statements Submitted by Companies to the Insurance Commission