1. 2018 Manila City Report
29th EAIC in Manila, 6 May 2018

2. 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.

3. 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.

4. 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.

5. 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. .

6. (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.

7. (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.

8. 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.