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