Top 16 Life Insurance Companies, by Premium Income 2013

Here are the top life insurance companies in the Philippines, based on premium income as of December 31, 2013, as published on the website of the Insurance Commission.

Each of these 16 companies posted a premium income of more than one billion pesos as of December 31, 2013.

The 11 other companies had less than one billion pesos in net worth as of December 2013.

PREMIUM
 INCOME
Rank    Life Insurance Company in
BILLION
PESOS
1  Sun Life Phils   29.699
2  Philam Life  19.967
3  Philippine AXA Life  18.268
4  Pru Life Insurance  18.001
5  Manulife Phils  15.004
6  BPI Philam Life  14.282
7  SunLife Grepa Financial  11.982
8  Insular Life  11.154
9  Manulife Chinabank Life    8.205
10  PNB Life    6.367
11  United Coconut Planters           4.186
12  Generali Pilipinas Life    3.919
13  Pioneer Life    1.958
14  AsianLife    1.653
15  Philippine Prudential Life    1.108
16  Fortune Life    1.042

With Less Than One Billion Premium Income

Rank    Life Insurance Company in MILLION
PESOS
17 First Life Financial 796.512
18 CLIMBS Life 745.176
19 Paramount Life 605.426
20 Country Bankers Life 522.682
21 Philippine Life Financial 323.791
22 Cooperative Insurance System       204.253
23 Manila Bankers Life 145.776
24 Philam Equitable Life   62.105
25 Banclife Insurance   44.945
26 United Life   35.212
27 Great Life Financial       –

Note:

The following companies have not yet submitted to the Insurance Commission their premium income reports for 2013:

.  Beneficial Insurance
.  BF Life Insurance
.  CAP Life Insurance
.  Caritas Life
.  Philippine Interlife

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