Insular Life

The Insular Life Assurance Company, Ltd.
Company typeMutual, limited liability[1]
IndustryLife insurance
FoundedManila, Philippine Islands (November 25, 1910; 113 years ago (1910-11-25))[2]
FounderAntonio Ma. Barretto
(Founding President)
HeadquartersInsular Life Corporate Centre,
Alabang, Muntinlupa
,
Philippines
Key people
Nina Aguas
(Chairman)
Raoul Antonio Littaua
(President and CEO)
ServicesLife insurance, health insurance, investment fund, health care, bancassurance
RevenueDecrease ₱18.2 billion[3]
Decrease ₱3.14 billion[3] (2020)
Total assetsIncrease ₱148.7 billion[3] (2020)
Total equityDecrease ₱37.1 billion[3] (2020)
OwnerPolicy holders
Number of employees
336 (2019)
Subsidiaries
  • Insular Health Care, Inc. (100%)
  • Insular Investment Corporation (100%)
  • Insular Life Management and Development Corporation (100%)
  • Unionbank of the Philippines (13.72%)
  • MAFPRE Insular Insurance Corporation (25%)
  • PPI Prime Venture, Inc.(30%)
[4]
Websitewww.insularlife.com.ph

The Insular Life Assurance Company, Ltd. (commonly known by its trade name, Insular Life, and shortened as InLife) is a mutual life insurance company in the Philippines. Established on November 25, 1910 in Manila, it is the first Filipino life insurance company.[2][5] The company offers individual and group life, health, education and retirement insurance plans. It provides allied financial services such as general insurance, banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous corporate group.[1][6] Insular Life was once a member of the Ayala Corporation until 1987, when it became a mutual company owned by its policyholders.[7][8] Its executive chairman of the board is Nina D. Aguas and its chief executive officer is Raoul Antonio E. Littaua.[9][10] As of 2020, it is the tenth largest life insurer in the Philippines in terms of premium income, and fourth in terms of net worth.[11]

  1. ^ a b "Company Profile". Euromoney EMIS. Retrieved 1 June 2012.
  2. ^ a b Totanes, Henry (1998). Dalisay, Jose Y. Jr. (ed.). Kasaysayan : the story of the Filipino people. Vol. A timeline of Philippine history. Pleasantville, New York: Reader's Digest. ISBN 9622582338.
  3. ^ a b c d Insular Life. "Power of Purpose". Retrieved April 16, 2022.
  4. ^ Insular Life. "Who We Are". Retrieved April 16, 2022.
  5. ^ "Ayala Corporation celebrates its 175th anniversary". Manila Bulletin. 10 March 2009. Retrieved 1 June 2012.
  6. ^ "Ownership Structure". Union Bank of the Philippines. Retrieved 31 May 2012.
  7. ^ Flores, Mikhail Franz. "Insular Life declared exempt from DST". BusinessWorld.com. Retrieved 17 March 2016.
  8. ^ Ledesma, RJ (25 November 2009). "Always a first". Philippine Star. Retrieved 31 May 2012.
  9. ^ "Insular Life names new top-level execs". BusinessMirror. 24 January 2018. Retrieved 2 February 2018.
  10. ^ "InLife president set to retire June 2021; new president named". Sunstar.com.ph. Retrieved 24 December 2021.
  11. ^ "Insurance Commission releases ranking of life insurance companies as of year-end 2020". ManilaTimes.net. Retrieved 24 December 2021.