Top 12 Life Insurance Companies, by Net Worth, Dec 2013

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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