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    Net Income of Non-Life Insurance Companies

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    Ron Catalan
    The document presents the net income of various non-life insurance companies in the Philippines for the year 2020, based on unaudited quarterly reports. It lists 58 non-life insurance companies, with Malayan Insurance Company having the highest net income of 746.56 million pesos. It also includes a professional reinsurer, servicing insurance companies, and a grand total for all companies of 5.64 billion pesos in net income.

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    Net Income of Non-Life Insurance Companies

    Uploaded by

    Ron Catalan
    37 views2 pages
    The document presents the net income of various non-life insurance companies in the Philippines for the year 2020, based on unaudited quarterly reports. It lists 58 non-life insurance companies, with Malayan Insurance Company having the highest net income of 746.56 million pesos. It also includes a professional reinsurer, servicing insurance companies, and a grand total for all companies of 5.64 billion pesos in net income.

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    NET INCOME

    Original Title

    NonLife-Rankings-2020-based-on-Q4-Net-Income

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    The document presents the net income of various non-life insurance companies in the Philippines for the year 2020, based on unaudited quarterly reports. It lists 58 non-life insurance companies, with Malayan Insurance Company having the highest net income of 746.56 million pesos. It also includes a professional reinsurer, servicing insurance companies, and a grand total for all companies of 5.64 billion pesos in net income.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    37 views2 pages

    Net Income of Non-Life Insurance Companies

    Uploaded by

    Ron Catalan
    The document presents the net income of various non-life insurance companies in the Philippines for the year 2020, based on unaudited quarterly reports. It lists 58 non-life insurance companies, with Malayan Insurance Company having the highest net income of 746.56 million pesos. It also includes a professional reinsurer, servicing insurance companies, and a grand total for all companies of 5.64 billion pesos in net income.

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    Net Income of Non-Life Insurance Companies

    Year 2020
    Based on Submitted Unaudited Quarterly Reports on Selected Financial Statistics (QRSFS)

    Name of Company Net Income

    1 . Malayan Insurance Company, Inc. ₱ 746,564,058


    2 . AIG Philippines Insurance Inc. 607,094,832
    3 . BPI/MS Insurance Corp. 522,482,688
    4 . Standard Insurance Company, Inc. 398,777,251
    5 . Pioneer Insurance & Surety Corp. 305,753,351
    6 . MAA General Assurance Phils., Inc. 304,312,221
    7 . Card Pioneer Microinsurance, Inc. 264,230,934
    8 . Philippine British Assurance Company, Inc. 174,241,550
    9 . Prudential Guarantee & Assurance, Inc. 162,917,232
    10 . Cibeles Insurance Corp. 154,970,845
    11 . Philippines First Insurance Company, Inc. 153,060,408
    12 . Pacific Cross Insurance, Inc. (Blue Cross Insurance, Inc.) 140,732,090
    13 . Asia Insurance (Philippines) Corp. 134,312,937
    14 . Asia United Insurance, Inc. 125,741,569
    15 . PGA Sompo Insurance Corp. 120,702,571
    16 . Commonwealth Insurance Company 115,599,958
    17 . Alpha Insurance & Surety Company, Inc. 113,125,555
    18 . Western Guaranty Corporation 103,306,562
    19 . Alliedbankers Insurance Corp. 100,159,337
    20 . Pacific Union Insurance Company 92,854,581
    21 . Corporate Guarantee & Insurance Company, Inc. 88,773,370
    22 . Liberty Insurance Corp. 86,036,942
    23 . CLIMBS Life & General Insurance Coop.* 85,469,444
    24 Intra-Strata Assurance Corp. 84,985,061
    25 . PNB General Insurers Company, Inc. 84,051,505
    26 . Starr International Insurance Philippines Branch 82,908,490
    27 . Perla Compañia de Seguros, Inc. 75,405,591
    28 . Visayan Surety & Insurance Corp. 68,835,946
    29 . Stronghold Insurance Company, Inc. 64,928,934
    30 . Insurance Company of North America 61,462,776
    31 . Paramount Life & General Insurance Corp. * 55,017,574
    32 . Petrogen Insurance Corp. 54,348,166
    33 . Travellers Insurance & Surety Corp. 45,022,690
    34 . Bethel General Insurance & Surety Corp. (BF Gen Ins. & Sty.) 43,671,051
    35 . Mercantile Insurance Company, Inc. 39,790,982
    36 . Milestone Guaranty & Assurance Corp. 39,367,759
    37 . Empire Insurance Company 38,401,059
    38 . SGI Philippines General Insurance Company, Inc. 21,418,668
    Net Income of Non-Life Insurance Companies
    Year 2020
    Based on Submitted Unaudited Quarterly Reports on Selected Financial Statistics (QRSFS)

    Name of Company Net Income

    39 . Fortune General Insurance Corp. 19,484,842


    40 . M Pioneer Insurance Inc. 18,687,313
    41 . Premier Insurance & Surety Corporation 17,064,556
    42 . Sterling Insurance Company, Inc. 15,381,658
    43 . Pioneer Intercontinental Insurance Corp. 14,730,648
    44 . Philippine American Life and General Insurance Co., Inc.* 13,782,448
    45 . Country Bankers Insurance Corp. 11,246,069
    46 . Mapfre Insular Insurance Corp. 7,701,287
    47 Charter Ping An Insurance Corp. 5,353,594
    48 . Etiqa Life and General Assurance Phils., Inc. (AsianLife & Gen.) * 4,145,133
    49 . 1CISP Life and General Insurance * (189,356)
    50 . Oriental Assurance Corp. (1,308,255)
    51 . New India Assurance Company, Ltd., The (7,810,363)
    52 . Metropolitan Insurance Company, Inc. (8,530,674)
    53 . Reliance Surety & Insurance Company, Inc. (163,401,261)
    54 . UCPB General Insurance Company, Inc. (176,802,876)
    55 . FPG Insurance Co., Inc. (189,246,250)
    56 . AA Guaranty Assurance Corp. Inc. (Northwest Ins. & Surety) report not submitted
    57 . People's General Insurance Corp. report not submitted
    58 . QBE Seaboard Insurance Philippines, Inc. report not submitted

    SUB-TOTAL ₱ 5,541,125,051

    Professional Reinsurer

    1 . National Reinsurance Corp. of the Philippines ₱ 147,781,857

    SUB-TOTAL ₱ 147,781,857

    Servicing Insurance Companies

    1 . FLT Prime Insurance Corp. (1,198,042)


    2 . Centennial Guarantee Assurance Corp. (5,689,971)
    3 . Solid Guaranty, Inc. (10,139,386)
    4 . Meridian Assurance Corp. (11,665,937)
    5 . AFP General Insurance Corp. (16,858,371)
    6 United Insurance Company, Inc. report not submitted

    SUB-TOTAL ₱ (45,551,707)

    GRAND TOTAL ₱ 5,643,355,200

    * Composite companies: non-life unit.

    Date prepared: March 03, 2021

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