The Insurance Commission released the rankings of the top life insurance companies in the companies based on different metrics. We listed the top 10 of each category so you can use them as a basis for selecting which life insurance company/companies that you will use in entrusting the future of the people that you love and care for.

Top 10 Life Insurance Companies Based on Total Assets

This category basically measures what the Life Insurance company owns based on its operations since its inception. This does not necessarily measure how it operated for a specific period.

Company Name Total Assets
1 Philippine American Life & Gen. lns. Co. 200,499,634,286
2 Sun Life of Canada ( Philippines ), lnc. 196,473,092,218
3 lnsular Life Assce. Co., Ltd., The 131,607,O47,040
4 Philippine AXA Life lnsurance. Gorp 89,577,484,018
5 Pru Life lnsurance CorP’ of U.K. 86,449,141,864
6 BPI Philam Life Assurance Corp., lnc. 85,480,206,441
7 Manufacturers Life lns. Co. (Phils’), lnc., The 84,452,597,743
8 Sunlife GrePa Financial, !nc. 41,723,937,272
9 BDO Life (Generali Pilipinas Life) 28,141,918,733
10 Manulife Chinabank Life Assce. Corp 26,393,488,009

Top 10 Life Insurance Companies Based on Net Income

The formula in computing Net Income is Revenues – Expenses. This is a good measure of how much the company keeps from its yearly operations. This is what’s left for the company to accumulate for the next year’s operations.

Company Name Net Income
1 Philippine American Life & Gen. lns. Co. 4,421,310,381.00
2 lnsular Life Assce. Co., Ltd., The 3,417,627,660.00
3 Manufacturers Life lns. Co. (Phils’), !nc., The 2,453,757,182.00
4 BPI Philam Life Assurance Corp., lnc. 1,704,379,370.00
5 Philippine AXA Life lnsurance’ Corp. 1,677,117,237.00
6 Pru Life lnsurance CorP’ of U.K 1,523,007,122.00
7 Sun Life of Canada ( Philippines ), lnc. 1,391,255,440.00
8 BDO Life (GeneraliPilipinas Life) 1,260,741,379.00
9 United Coconut Planters Life Assce’ Corp 495,361,090.00
10 SunLife Grepa Financial, lnc’ 252,747,699.00

Top 10 Life Insurance Companies Based on Net Worth

Net worth is the result of Total Assets minus any liability of the company. In short, in case the company liquidates, after paying all its liabilities, this is what’s left for its investors. This is a good measure of the stability of the life insurance company, although not a clear measure of how it operated for a specific year.

Company Name Net Worth
1 Philippine American Life & Gen. lns. Co. (life unit ) 45,018,186,751.00
2 lnsular Life Assce. Co., Ltd., The 42,155,134,075.00
3 Sun Life of Canada ( Philippines ), lnc. 16,886,019,885.00
4 Manufacturers Life lns. Co. (Phils.), Inc., The 14,807,642,810.00
5 United Coconut Planters Life Assce. Corp. 8,994,037,068.00
6 BPI Philam Life Assurance Gorp., lnc. 5,871,843,601.00
7 Philippine AXA Life lnsurance. Corp. 5,724,304,887.00
8 BDO Life (Generali Pilipinas Life) 4,288,341,522.00
9 Pru Life lnsurance Corp. of U.K. 4,211,124,747.00
10 SunLife Grepa Financial, lnc. 3,202,092,117.00

Top 10 Life Insurance Companies Based on Premium Income

Premium income is the total premiums received by the life insurance company for the year. Some use this as a metric to identify how many people trusted this company for the year with their life insurance needs.

Company Name Premium Income
1 Sun Life of Canada Philippines Inc. 31,893,909,276.00
2 Philippine AXA Life Insurance Corp 21,515,862,173.00
3 BPI Philam Life Assurance Corp., Inc 19,314,962,345.00
4 Philippine American Life & Gen. Ins. Co. 19,210,112,440.00
5 Pru Life Insurance Corp. of U.K. 18,116,368,608.00
6 Manufacturers Life Insurance Co 16,597,370,637.00
7 Insular Life Assce Co., Ltd 12,333,596,582.00
8 BDO Life (Generali Pilipinas Life) 8,050,804,635.00
9 Manulife Chinabank Life Assce. Corp 7,274,395,704.00
10 SunLife Grepa Financial, Inc. 5,783,416,821.00

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