32 Life Insurance Companies Ranked Based on Net Worth as of December 2014

Here’s a tentative* ranking of the 32 life insurance companies in the Philippines based on net worth as of December 2014:

Rank   Insurance Company Net Worth    Rank
2014 Billion 2013
Pesos
1 Philam Life 28.776 2
2 Insular Life 27.371 1
3 Sun Life Phils 16.312 3
4 Manulife Phils  8.985 4
5 United Coconut Planters  8.429 5
6 BPI Philam Life  4.350 6
7 SunLife Grepa Financial  3.419 7
8 Pru Life Insurance  3.225 9
9 Philippine AXA Life  2.850 8
10 Generali Pilipinas Life  2.734 10
11 Beneficial Life  2.535 11
12 FWD Life  1.422
13 Pioneer Life  1.183 13
14 Caritas Life  1.088 14
15 PNB Life  1.087 15
16 Manulife Chinabank Life  1.053
17 AsianLife & General  0.921 16
18 CLIMBS Life  0.767 20
19 Fortune Life  0.713 18
20 Philam Equitable Life  0.686 17
21 Great Life Financial  0.624 19
22 Phils International Life  0.597
23 United Life  0.494 21
24 Country Bankers Life  0.377 23
25 Manila Bankers Life  0.335 27
26 Philippine Prudential Life  0.323 25
27 First Life Financial  0.316 26
28 Cooperative Insurance System     0.293 30
29 Paramount Life  0.293 24
30 Philippine Life Financial  0.241 22
31 CAP Life Insurance  0.196 29
32 BF Life Insurance  0.132 31

Notes:
1.  *Above ranking is tentative because it was based on submitted unaudited quarterly reports
2.  CLIMBS = Cooperative Life Insurance & Mutual Benefit Services
3.  BPI Philam Life was formerly Ayala Life
4.  Philippine Life Financial Assurance Corp. was formerly named AsianLife Financial Assurance Corp. Name was changed in June 2012. Philippine Life is a subsidiary of STI Investments Inc.

Source: Insurance Commission (insurance.gov.ph)

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