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Louise Maureen Simeon - The Philippine Star
May 30, 2025 | 12:00am
In a statement, InLife said its parent’s net income rose by two percent to P2.7 billion in 2024 from P2.64 billion a year ago as revenues increased by 8.5 percent to P26.95 billion.
Businessworld / File
MANILA, Philippines — Filipino-owned Insular Life (InLife) saw its net income improve to P2.7 billion last year on higher revenues and higher sales.
In a statement, InLife said its parent’s net income rose by two percent to P2.7 billion in 2024 from P2.64 billion a year ago as revenues increased by 8.5 percent to P26.95 billion.
The company’s new business annualized premium equivalent (NBAPE) expanded by 20 percent to P12.06 billion.
NBAPE is a global standard used to determine the sales performance of life insurance companies in the country.
InLife president and CEO Raul Littaua said the company continues to deliver tailored insurance solutions to meet its customers’ financial needs.
“InLife’s commitment is to maintain our strong financial position, sustain the trust of our policyholders and help empower our communities,” he said.
According to the Insurance Commission, InLife ranks third in terms of net worth, seventh in net income and fourth in assets.
InLife is the first and largest Filipino life insurance company in the country with an asset base of nearly P160 billion.
