Insular Life (InLife), the country’s first and largest Filipino-owned life insurer, reported improved financial results for 2024, driven by increased insurance revenues and robust sales performance, according to president and CEO Raul Antonio E. Littaua.
The InLife parent company posted revenue of ₱26.95 billion, up from ₱24.82 billion in 2023. Net income rose to ₱2.7 billion from ₱2.64 billion, while assets increased to ₱158.87 billion, compared to ₱153.54 billion in the prior year. New business premiums also registered a 20 percent year-on-year growth, reaching ₱12.06 billion in 2024.
Consolidated results further demonstrated strength, with total revenue reaching ₱27.04 billion (up from ₱25.37 billion), net income at ₱2.78 billion (from ₱2.1 billion), and assets growing to ₱158.89 billion.
“InLife paid out ₱10.5 billion in claims and benefits last year, underscoring our enduring commitment to policyholders,” Littaua stated during the company’s annual members’ meeting.
Now marking its 115th anniversary, InLife reaffirms its mission of financial empowerment for Filipinos, providing a full spectrum of insurance solutions to support personal and corporate resilience.
Per the Insurance Commission’s 2024 industry report, InLife ranks 3rd in net worth, 4th in assets, 7th in net income, and 8th in new business annualized premium equivalent, securing its place among the country’s top ten life insurers by financial metrics and market performance.
