MANILA, Philippines — Filipino-owned Insular Life (InLife) noticed its web revenue enhance to P2.7 billion final yr on greater revenues and better gross sales.
In a press release, InLife mentioned its dad or mum’s web revenue rose by two % to P2.7 billion in 2024 from P2.64 billion a yr in the past as revenues elevated by 8.5 % to P26.95 billion.
The corporate’s new enterprise annualized premium equal (NBAPE) expanded by 20 % to P12.06 billion.
NBAPE is a worldwide customary used to find out the gross sales efficiency of life insurance coverage firms within the nation.
InLife president and CEO Raul Littaua mentioned the corporate continues to ship tailor-made insurance coverage options to fulfill its prospects’ monetary wants.
“InLife’s dedication is to take care of our robust monetary place, maintain the belief of our policyholders and assist empower our communities,” he mentioned.
In line with the Insurance coverage Fee, InLife ranks third when it comes to web price, seventh in web revenue and fourth in belongings.
InLife is the primary and largest Filipino life insurance coverage firm within the nation with an asset base of practically P160 billion.