As it marks an impressive 115 years of uninterrupted service, Insular Life (InLife), the Philippines’ first and largest Filipino-owned life insurance company, proudly announced a solid financial performance in 2024, driven by robust sales and growing trust from policyholders.
InLife president and CEO Raul Antonio E. Littaua reported significant year-on-year growth across all key financial metrics — a testament to the company’s resilience and continued relevance in an ever-evolving market.
“Our strong financial results reflect the trust our policyholders place in us and our unwavering commitment to help them secure their future,” Littaua said during InLife’s Annual Members’ Meeting. “We’re not just growing as a business — we’re delivering on our promise to Filipino families.”
Financial Highlights for 2024:
- Parent Company Revenues: P26.95 billion, up from P24.82 billion in 2023
- Net Income: Rose to P2.7 billion from P2.64 billion
- Total Assets: Reached P158.87 billion, up from P153.54 billion
- New Business Premiums: Jumped to P12.06 billion from P10.05 billion
Meanwhile, InLife’s consolidated figures also showed remarkable growth:
- Consolidated Revenues: P27.04 billion (from P25.37 billion in 2023)
- Consolidated Net Income: P2.78 billion (from P2.1 billion)
- Consolidated Assets: P158.89 billion
These results underscore InLife’s strong foundation and prudent financial management.
Equally notable is InLife’s commitment to its policyholders. In 2024 alone, the company paid out P10.5 billion in total claims and benefits, reflecting its dedication to providing real financial support when it matters most.
“As we celebrate 115 years, our mission remains the same: to empower Filipinos to dream big, plan confidently, and live well,” Littaua emphasized.
“From protecting families and growing wealth, to preparing for retirement and navigating health challenges — InLife is here for every stage of life.”
Consistently among the top insurers
According to the Insurance Commission’s 2024 industry performance report, InLife maintained its strong position among the top 10 life insurers in the Philippines:
- #3 in Net Worth
- #4 in Assets
- #7 in Net Income
- #8 in New Business Annualized Premium Equivalent (NBAPE)
With over a century of service behind it and a future-focused vision ahead, InLife remains committed to building a stronger, more secure future for every Filipino.
