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Premiums Earned of Non-Life Insurance Companies

The document shows the premiums earned by 58 non-life insurance companies in the Philippines for the year 2020, totaling 51.5 billion pesos. Prudential Guarantee & Assurance, Inc. earned the highest amount at 4.3 billion pesos, while Malayan Insurance Company earned the second highest at 4.2 billion pesos. In third was Pacific Cross Insurance, Inc. with 3.2 billion pesos in premiums earned.

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114 views2 pages

Premiums Earned of Non-Life Insurance Companies

The document shows the premiums earned by 58 non-life insurance companies in the Philippines for the year 2020, totaling 51.5 billion pesos. Prudential Guarantee & Assurance, Inc. earned the highest amount at 4.3 billion pesos, while Malayan Insurance Company earned the second highest at 4.2 billion pesos. In third was Pacific Cross Insurance, Inc. with 3.2 billion pesos in premiums earned.

Uploaded by

Ron Catalan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Premiums Earned of Non-Life Insurance Companies

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

Name of Company Premiums Earned

1 . Prudential Guarantee & Assurance, Inc. ₱ 4,316,560,820


2 . Malayan Insurance Company, Inc. 4,282,829,382
3 . Pacific Cross Insurance, Inc. (Blue Cross Insurance, Inc.) 3,249,404,653
4 . Charter Ping An Insurance Corp. 3,228,757,483
5 . Pioneer Insurance & Surety Corp. 3,157,651,341
6 . BPI/MS Insurance Corp. 2,905,211,814
7 . FPG Insurance Co., Inc. 2,136,031,377
8 . Commonwealth Insurance Company 1,985,594,708
9 . Mercantile Insurance Company, Inc. 1,867,808,666
10 . Standard Insurance Company, Inc. 1,652,596,669
11 . UCPB General Insurance Company, Inc. 1,606,136,738
12 . MAA General Assurance Phils., Inc. 1,287,045,573
13 . Philippine British Assurance Company, Inc. 1,179,140,656
14 . Stronghold Insurance Company, Inc. 1,145,464,254
15 . Paramount Life & General Insurance Corp. * 1,141,179,161
16 . Insurance Company of North America 893,761,444
17 . Mapfre Insular Insurance Corp. 819,212,676
18 . Alpha Insurance & Surety Company, Inc. 804,353,826
19 . Western Guaranty Corporation 760,546,961
20 . Pacific Union Insurance Company 751,983,174
21 . Card Pioneer Microinsurance, Inc. 667,476,672
22 . Oriental Assurance Corp. 601,417,669
23 . Fortune General Insurance Corp. 556,967,787
24 . PNB General Insurers Company, Inc. 506,293,378
25 . Milestone Guaranty & Assurance Corp. 482,784,879
26 . Asia Insurance (Philippines) Corp. 460,720,970
27 . Corporate Guarantee & Insurance Company, Inc. 448,620,132
28 . Alliedbankers Insurance Corp. 430,751,220
29 . Visayan Surety & Insurance Corp. 416,735,169
30 . Liberty Insurance Corp. 385,941,212
31 . Asia United Insurance, Inc. 327,293,767
32 Cibeles Insurance Corp. 326,268,125
33 . CLIMBS Life & General Insurance Cooperative * 324,366,508
34 . M Pioneer Insurance Inc. 296,811,443
35 . Sterling Insurance Company, Inc. 289,857,330
36 . Philippines First Insurance Company, Inc. 275,143,598
37 . AIG Philippines Insurance Inc. 266,521,829
38 . Empire Insurance Company 252,272,403
39 . New India Assurance Company, Ltd., The 198,515,999
40 . Starr International Insurance Philippines Branch 195,027,680
41 . Perla Compañia de Seguros, Inc. 190,461,933
42 Bethel General Insurance & Surety Corp. (BF Gen Ins. & Sty.) 177,839,051
43 . Travellers Insurance & Surety Corp. 156,433,244
Premiums Earned of Non-Life Insurance Companies
Year 2020
Based on Submitted Unaudited Quarterly Reports on Selected Financial Statistics (QRSFS)

Name of Company Premiums Earned

44 . Reliance Surety & Insurance Company, Inc. 123,267,004


45 . Country Bankers Insurance Corp. 120,939,254
46 . Pioneer Intercontinental Insurance Corp. 112,226,338
47 . 1CISP Life and General Insurance* 88,004,018
48 . Intra-Strata Assurance Corp. 77,806,517
49 . Premier Insurance & Surety Corporation 66,637,418
50 . PGA Sompo Insurance Corp. 62,064,434
51 . Etiqa Life and General Assurance Phils., Inc. (AsianLife & Gen.) * 49,289,913
52 . Metropolitan Insurance Company, Inc. 25,973,251
53 . SGI Philippines General Insurance Company, Inc. 23,577,744
54 . Petrogen Insurance Corporation 11,874,386
55 . Philippine American Life and General Insurance Co., Inc.* -
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 ₱ 48,167,453,651

Professional Reinsurer

1 . National Reinsurance Corp. of the Philippines ₱ 3,352,863,159

SUB-TOTAL ₱ 3,352,863,159

Servicing Insurance Companies

1 . AFP General Insurance Corp. 33,147,511


2 . Meridian Assurance Corp. 2,068
3 . Centennial Guarantee Assurance Corp. -
4 . FLT Prime Insurance Corp. -
5 . Solid Guaranty, Inc. -
6 . United Insurance Company, Inc. report not submitted

SUB-TOTAL ₱ 33,149,579

GRAND TOTAL ₱ 51,553,466,389

* Composite companies: non-life unit.

Date prepared: March 03, 2021

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