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 Company | in BILLION |
PESOS | ||
1 | Insular Life | 28.417 |
2 | Philam Life | 26.460 |
3 | Sun Life Phils | 12.892 |
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 Company | in MILLION |
PESOS | ||
13 | Pioneer Life | 967.380 |
14 | Caritas Life | 922.327 |
15 | PNB Life | 781.653 |
16 | AsianLife | 775.674 |
17 | Philam Equitable Life | 663.371 |
18 | Fortune Life | 635.031 |
19 | Great Life Financial | 588.848 |
20 | CLIMBS Life | 582.312 |
21 | United Life | 509.701 |
22 | Philippine Life Financial | 410.286 |
23 | Country Bankers Life | 388.845 |
24 | Paramount Life | 365.313 |
25 | Philippine Prudential Life | 304.817 |
26 | First Life Financial | 288.176 |
27 | Manila Bankers Life | 257.551 |
28 | Banclife Insurance | 217.182 |
29 | CAP Life Insurance | 199.674 |
30 | Cooperative Insurance System | 199.674 |
31 | BF Life Insurance | 169.306 |
Note: Philippine Interlife has not yet submitted its net worth report for 2013.
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