Updated May 4, 2024
Here are the top life insurance companies in the Philippines, based on Net Worth as of December 31, 2023, as published by the Insurance Commission.
30 life insurers have passed the one-billion peso mark in net worth as of December 31, 2023.
| RANK | LIFE INSURANCE COMPANIES | NET WORTH |
| 1 | AIA Philippines Life and General Ins. Co. Inc. | 59.45 B |
| 2 | Sun Life of Canada (Philippines) Inc. | 49.48 B |
| 3 | Insular Life Assurance Co. | 46.34 B |
| 4 | BDO Life Assurance Co. | 20.20 B |
| 5 | Manufacturers Life Insurance Company (Phils.), Inc. | 15.41 B |
| 6 | Philippine Axa Life Insurance Corp. | 11.23 B |
| 7 | BPI-AIA Life Assurance Corp. | 9.31 B |
| 8 | Sun Life GREPA Financial, Inc. | 6.10 B |
| 9 | FWD Life Insurance Corp. | 6.01 B |
| 10 | United Coconut Planters Life Assurance Corp. | 5.26 B |
| 11 | PRU Life Insurance Corporation of U.K. | 4.33 B |
| 12 | Manulife Chinabank Life Assurance Corp. | 3.40 B |
| 13 | Pioneer Life, Inc. | 3.29 B |
| 14 | Allianz PNB Life Insurance Inc. | 2.96 B |
| 15 | Paramount Life and General Insurance Corp. | 2.38 B |
| 16 | East West Aegas Life Insurance Corp. | 1.83 B |
| 17 | Maxicare Life Insurance Corp. | 1.82 B |
| 18 | Etiqa Life & General Assurance Philippines Inc. | 1.78 B |
| 19 | The Travellers Life Assurance of the Phils Inc. | 1.71 B |
| 20 | Fortune Life Insurance Company, Inc. | 1.70 B |
| 21 | First Life Financial Co. | 1.69 B |
| 22 | United Life Assurance Corp. | 1.66 B |
| 23 | Beneficial Life Insurance Co. | 1.61 B |
| 24 | Philippine Life Financial Assurance Corp. | 1.56 B |
| 25 | CLIMBS Life & General Insurance Cooperative | 1.55 B |
| 26 | 1 CISP Life and General Insurance | 1.55 B |
| 27 | Generali Life Assurance Philippines Inc. | 1.51 B |
| 28 | Philippines International Life Insurance Co. | 1.49 B |
| 29 | SeaInsure Life Insurance Co. | 1.44 B |
| 30 | Country Bankers Life Insurance Corp. | 1.42 B |
| 31 | Singlife Philippines, Inc. | 852.49 M |
| 32 | Manila Bankers Life and General Insurance Corp. | 805.79 M |
| The Premier Life and General Assurance Corp. |
Alphabetical List of Life Insurance Companies in the Philippines
Top Non-Life Insurance Companies in the Philippines, by Assets, Dec 2020
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