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  • Life Rankings 2020 Based On Q4 Net Income 1

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    Ron Catalan
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    The document shows the net income as of December 31, 2020 for 31 life insurance companies operating in the Philippines. The company with the highest net income was Sun Life of Canada (Philippines), Inc. with ₱8,467,831,223, while East West Aegas Life Insurance Corporation had the lowest at ₱601,246,533. In total, the 31 companies reported a net income of ₱30,199,585,891.

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    The document shows the net income as of December 31, 2020 for 31 life insurance companies operating in the Philippines. The company with the highest net income was Sun Life of Canada (Philippines), Inc. with ₱8,467,831,223, while East West Aegas Life Insurance Corporation had the lowest at ₱601,246,533. In total, the 31 companies reported a net income of ₱30,199,585,891.

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    © All Rights Reserved
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    31 views1 page

    Life Rankings 2020 Based On Q4 Net Income 1

    Uploaded by

    Ron Catalan
    The document shows the net income as of December 31, 2020 for 31 life insurance companies operating in the Philippines. The company with the highest net income was Sun Life of Canada (Philippines), Inc. with ₱8,467,831,223, while East West Aegas Life Insurance Corporation had the lowest at ₱601,246,533. In total, the 31 companies reported a net income of ₱30,199,585,891.

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    of 1

    Net Income of Life Insurance Companies

    as of December 31, 2020


    Based on Submitted Unaudited Quarterly Reports on Selected Financial Statistics (QRSFS)

    Name of Company Net Income

    1 . Sun Life of Canada (Philippines), Inc. ₱ 8,467,831,223


    2 . Philippine American Life and General Ins. Co.* 4,522,387,252
    3 . Manufacturers Life Insurance Company (Phils.), Inc., The 4,048,885,103
    4 . PRU Life Insurance Corporation of U.K. 3,274,475,424
    5 . Philippine Axa Life Insurance Corporation 2,832,628,279
    6 . Insular Life Assurance Company, Limited, The 2,695,144,575
    7 . BPI-Philam Life Assurance Corporation 1,432,222,722
    8 . Sun Life GREPA Financial, Inc. 958,088,123
    9 . United Coconut Planters Life Assurance Corporation 674,222,268
    10 . Manulife Chinabank Life Assurance Corporation 382,850,460
    11 . Etiqa Life & General Assurance Philippines, Inc.* 371,169,898
    12 . FWD Life Insurance Corporation 339,679,501
    13 . Allianz PNB Life Insurance, Inc. 201,081,761
    14 . 1 Cooperative Insurance System of the Philippines Life and General Insurance* 161,871,183
    15 . Pioneer Life, Inc. 159,854,971
    16 . Generali Life Assurance Philippines, Inc. 126,734,362
    17 . CLIMBS Life & General Insurance Cooperative * 118,824,433
    18 . Beneficial Life Insurance Company, Inc. 103,826,977
    19 . First Life Financial Company, Inc. 80,835,415
    20 . Paramount Life and General Insurance Corporation* 77,845,950
    21 . Philippine Life Financial Assurance Corporation 71,979,414
    22 . Caritas Life Insurance Corporation 40,833,829
    23 . Fortune Life Insurance Company, Inc. 18,903,603
    24 . Country Bankers Life Insurance Corporation 1,887,503
    25 . Manila Bankers Life Insurance Corporation (3,438,685)
    26 . United Life Assurance Corporation (5,465,139)
    27 . Philam Equitable Life Assurance Company, Inc. (9,159,354)
    28 . Philippines International Life Insurance Company, Inc. (15,154,742)
    29 . Singlife Phlippines, Inc. (85,364,988)
    30 . BDO Life Assurance Company, Inc. (244,648,895)
    31 . East West Aegas Life Insurance Corporation (601,246,533)
    ₱ 30,199,585,891
    TOTAL

    * Composite companies - life unit

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