2018 Manila City Report 29th EAIC in Manila, 6 May 2018

Industry reached record highs and double-digit growths in 2017 Increase of 19.0% to USD31.0 billion (PHP1.56 trillion) Of which 81% is held by life, 14% by non-life 5% by mutual benefit associations 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP trillion, and are unaudited.

Industry reached record highs and double-digit growths in 2017 85% or USD26.4 billion (PHP1.33 trillion) of total assets are placed in different classes of investments. This is the industry’s highest in invested funds in recent years. 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP trillion, and are unaudited.

Industry reached record highs and double-digit growths in 2017 Increase of 12.0% to USD5.2 billion (PHP260 billion) Of which 78% are from life, 19% non-life, 3% mutual benefit associations 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP billion, and are unaudited.

Industry reached record highs and double-digit growths in 2017 16.7% growth in non-life NPW can be attributed to motor car and fire lines. 10.8% growth in life NPW driven by variable life insurance products. 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP billion, and are unaudited. .

(PHP320 billion), USD6.4 billion Industry reached record highs and double-digit growths in 2017 Increase of 18.1% to USD6.4 billion (PHP320 billion), the highest in the last six years 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP billion, and are unaudited.

(PHP52.9 billion). USD1.0 billion Industry reached record highs and double-digit growths in 2017 Increase of 15.2% to USD1.0 billion (PHP52.9 billion). Life sector’s paid-up capital alone went up 26.1%. Non-life’s went up 9.4%. 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP billion, and are unaudited.

USD721 million (PHP36.4 billion). Industry reached record highs and double-digit growths in 2017 Increase of 50.4% to USD721 million (PHP36.4 billion). Life net income went up 56%, non-life went up 5.7%. 1 Source: Philippine Insurance Commission. Totals are of life and non-life insurance companies, and mutual benefit associations, are in PHP billion, and are unaudited.