Here’s a tentative* ranking of the 30 life insurance companies in the Philippines, based on net worth as of December 2015:
Net Worth = Total Assets minus Total Liabilities
| Rank | Insurance Company | Net Worth | Net Worth | Rank |
| 2015 | Billion | Billion | 2014 | |
| Pesos | Pesos | |||
| 2015 | 2014 | |||
| 1 | Philam Life | 40.970 | 28.776 | 1 |
| (Life unit) | ||||
| 2 | Insular Life | 22.892 | 27.371 | 2 |
| 3 | Sun Life Phils | 17.045 | 16.312 | 3 |
| 4 | Manulife Phils | 12.626 | 8.985 | 4 |
| 5 | United Coconut Planters | 8.718 | 8.429 | 5 |
| 6 | BPI Philam Life | 5.332 | 4.350 | 6 |
| 7 | Philippine AXA Life | 4.290 | 2.850 | 9 |
| 8 | Pru Life Insurance UK | 4.238 | 3.225 | 8 |
| 9 | SunLife Grepa Financial | 3.484 | 3.419 | 7 |
| 10 | Generali Pilipinas Life | 3.272 | 2.734 | 10 |
| 11 | Beneficial Life | 2.512 | 2.535 | 11 |
| 12 | PNB Life | 1.431 | 1.087 | 15 |
| 13 | Pioneer Life | 1.358 | 1.183 | 13 |
| 14 | Caritas Life | 1.068 | 1.088 | 14 |
| 15 | AsianLife & General | 1.037 | 0.921 | 17 |
| (Life unit) | ||||
| 16 | FWD Life | 1.018 | 1.422 | |
| 17 | Manulife Chinabank Life | 0.938 | 1.053 | 16 |
| 18 | CLIMBS Life | 0.910 | 0.767 | 18 |
| (Life unit) | ||||
| 19 | United Life | 0.877 | 0.494 | 23 |
| 20 | Fortune Life | 0.786 | 0.713 | 19 |
| 21 | Philam Equitable Life | 0.690 | 0.686 | 20 |
| 22 | Phils. International Life | 0.638 | 0.597 | 22 |
| 23 | Philippine Life Financial | 0.621 | 0.241 | 30 |
| 24 | First Life Financial | 0.530 | 0.316 | 27 |
| 25 | Paramount Life | 0.419 | 0.293 | 29 |
| (Life unit) | ||||
| 26 | Philippine Prudential Life | 0.403 | 0.323 | 26 |
| 27 | Country Bankers Life | 0.366 | 0.377 | 24 |
| 28 | Cooperative Insurance System | 0.311 | 0.293 | 28 |
| 29 | Manila Bankers Life | 0.306 | 0.335 | 25 |
| 30 | CAP Life Insurance | 0.200 | 31 |
Notes:
1. *Above ranking is tentative because it was based on submitted unaudited quarterly reports
2. BF Life Insurance, ranked No. 32 in December 2014, was put under receivership by the Insurance Commission
on March 23, 2016. Atty. Iris Sylvia Lucero Bonifacio was designated as receiver.
Policyholders are advised to file their claims with the Insurance Commissioner Emmanuel F. Dooc, through
Atty. Iris Sylvia Lucero Bonifacio at Insurance Commission, 1071 United Nations Avenue, Manila.
3. CLIMBS = Cooperative Life Insurance & Mutual Benefit Services
4. BPI Philam Life was formerly Ayala Life
5. 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.
Commission on November 11, 2015. The receiver is Mr. Rufino H. Abad.
7. Sun Life Grepa Financial Inc. is a joint venture between Sun Life Financial Philippines and Yuchengco Group of Companies (YGC), with Sun Life’s acquisition of 49% of Great Pacific Life Assurance Corp. (Grepalife) in 2011.
Grepalife acquired another YGC member Great Life Financial Assurance Corp. in 2009.
(See sunlifegrepa.com).
Source: Insurance Commission (insurance.gov.ph)