Updated September 26, 2021
Here are the top life insurance companies in the Philippines, based on Total Assets as of December 31, 2020, as published by the Insurance Commission.
All 31 life insurers have passed the one-billion peso mark as of December 31, 2020.
| RANK | LIFE INSURANCE COMPANIES | TOTAL ASSETS |
| 1 | Philippine American Life and General Ins. Co.* | 291.223 B |
| 2 | Sun Life of Canada (Philippines) Inc. | 274.213 B |
| 3 | Philippine Axa Life Insurance Corp. | 141.500 B |
| 4 | Insular Life Assurance Co. | 140.928 B |
| 5 | PRU Life Insurance Corporation of U.K. | 117.193 B |
| 6 | Manufacturers Life Insurance Company (Phils.), Inc. | 117.133 B |
| 7 | BPI-Philam Life Assurance Corp. | 112.255 B |
| 8 | BDO Life Assurance Co. | 68.467 B |
| 9 | Allianz PNB Life Insurance Inc. | 51.615 B |
| 10 | Sun Life GREPA Financial, Inc. | 48.575 B |
| 11 | Manulife Chinabank Life Assurance Corp. | 44.578 B |
| 12 | FWD Life Insurance Corp. | 27.593 B |
| 13 | United Coconut Planters Life Assurance Corp. | 24.928 B |
| 14 | Pioneer Life, Inc. | 15.071 B |
| 15 | First Life Financial Co. | 8.851 B |
| 16 | Beneficial Life Insurance Co. | 7.337 B |
| 17 | Etiqa Life & General Assurance Philippines Inc.* | 6.152 B |
| 18 | East West Aegas Life Insurance Corp. | 6.096 B |
| 19 | Fortune Life Insurance Company, Inc. | 5.281 B |
| 20 | Generali Life Assurance Philippines Inc. | 4.290 B |
| 21 | Paramount Life and General Insurance Corp.* | 3.197 B |
| 22 | CLIMBS Life & General Insurance Cooperative * | 3.031 B |
| 23 | 1 Cooperative Insurance System of the Phils Life and Gen Ins.* | 2.903 B |
| 24 | Philippine Life Financial Assurance Corp. | 2.693 B |
| 25 | Philam Equitable Life Assurance Co. | 1.577 B |
| 26 | Manila Bankers Life Insurance Corp. | 1.507 B |
| 27 | United Life Assurance Corp. | 1.451 B |
| 28 | Country Bankers Life Insurance Corp. | 1.438 B |
| 29 | Caritas Life Insurance Corp. | 1.433 B |
| 30 | Philippines International Life Insurance Co. | 1.230 B |
| 31 | Singlife Philippines, Inc. | 1.182 B |
Top Non-Life Insurance Companies in the Philippines, by Assets, Dec 2020
Top Life Insurance Companies in the Philippines, by Net Worth, 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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