Sunday, July 3, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Insular Life says profit in 2021 rose by 168% to P4.7b

Julito G. RadabyJulito G. Rada
May 25, 2022, 8:45 pm
in Business, Corporate
Reading Time: 2 mins read
A A
129
SHARES
Share on FacebookShare on TwitterShare on Email

Insular Life, the largest Filipino-owned life insurer, said Wednesday net income jumped 168 percent in 2021 to P4.7 billion from P1.8 billion in 2020.

InLife executive chairperson Nina Aguas said in a statement the remarkable performance was driven by strong operational results. Total revenues grew 43 percent to P23.1 billion from P16.2 billion in 2020.

“We are grateful that our operations had a healthy rebound from the slowdown we experienced in 2020 due to the massive lockdowns at the height of the COVID-19 pandemic. Our operational results last year reflected our concerted effort to serve better our policyholders,” Aguas said.

Aguas said several factors led to its successful year, including the easing up of the pandemic restrictions, the digital adaptation of financial advisers, the various technology innovations implemented by the company and several key personnel hiring and movements.

“At the backend of our operations are very robust digital systems that helped us navigate through the pandemic. These efforts were initiated as early as 2016 and fortunately, the acceleration of our digital efforts was coming to bear in 2021. We did well in 2021 in terms of financial performance because our agents were able to regain their confidence and overcome their fear,” Aguas said.

ADVERTISEMENT

The company’s strong financial results helped it maintain its high industry rank as among the top five life insurers, becoming the only Filipino-owned company to do so.

A report from the Insurance Commission showed that InLife’s net income of P4.7 billion was third best, while its net worth of P47.8 billion was second overall. Its assets of P154 billion ranked fourth among 31 life insurers.

“We will continue to improve our operations to help us deliver results that are backed by a clear path to reach our ambition to provide our policyholders a lifetime for good so that they can enjoy longer, healthier and happier lives,” Aguas said.

The firm’s HMO subsidiary Insular Health Care breached the P1-billion mark in membership fee revenue in 2021, or 35 percent more than the previous year’s and significantly higher than the HMO industry’s revenue growth of 1.9 percent in the same period.

Tags: Insular Lifelife insurernet income
ADVERTISEMENT
Julito G. Rada

Julito G. Rada

Related Posts

Bulacan Stevia queen wants to change beverage industry

byRoderick T. dela Cruz
July 2, 2022, 8:00 pm
0
150
Lady executive now leads EastWest

A Bulacan-based entrepreneur wants to change the Philippine beverage sector by introducing Stevia-sweetened drinks for diabetic consumers and those with...

Read more

SariSuki’s logistics unit promises 15-minute grocery items delivery

byOthel V. Campos
July 2, 2022, 7:50 pm
0
171
Lady executive now leads EastWest

E-commerce social enterprise SariSuki announced the creation of a dedicated logistics unit to serve the fast-growing network of retail members...

Read more

P&A Grant Thornton welcomes new partners

byOthel V. Campos
July 2, 2022, 7:40 pm
0
156
Lady executive now leads EastWest

P&A Grant Thornton, one of the leading audit, tax, advisory and outsourcing firms in the Philippines, announced the entry of...

Read more

Lady executive now leads EastWest

byManila Standard
July 2, 2022, 7:30 pm
0
163
Lady executive now leads EastWest

EastWest chief lending officer Jacqueline Fernandez assumed her new role as EastWest president on July 1. Fernandez has been serving...

Read more

DOTR to sustain ‘Build, Build, Build’

byDarwin G. Amojelarand1 others
July 1, 2022, 8:50 pm
0
208
MRT-7 seen to start partial operations in 2022

The newly-appointed secretary of the Department of Transportation vowed to continue the “Build, Build, Build” program of the Duterte administration...

Read more

Stocks close flat; Ayala issues, BDO top gainers

byManila Standard Business
July 1, 2022, 8:45 pm
0
187
Global markets, oil prices slump on new virus variant

The stock market closed nearly flat Friday as the rest of Asian equities struggled again Friday following another selloff on...

Read more

Stories you may like

  • Snapshots

    The next, now, or never in new romance film ‘Ngayon Kaya’

    2185 shares
    Share 874 Tweet 546
  • Of course, it was BBM’s project

    32112 shares
    Share 12845 Tweet 8028
  • Property relations in marriage

    1077 shares
    Share 431 Tweet 269
  • Herbosa will make an excellent DOH Secretary

    1854 shares
    Share 742 Tweet 464
  • First Family to showcase local fashion design in barong, terno

    1016 shares
    Share 406 Tweet 254

Print Edition

View More

Recent Posts

  • Tesla deliveries fall with temporary closure of China factory
  • Durant issues cryptic tweet after NBA trade demand
  • London marks 50 years of Pride
  • Sneakers for Makati : AB4.0
  • DSWD to purge ‘ayuda’ list
  • COVID cases up on 3rd straight day
  • Protocol chief named, Pagcor post still vacant
  • BBM vetoes Bulacan freeport zone bill, citing ‘big fiscal risk’

Advertisement

Latest News

COVID cases up on 3rd straight day

byManila Standard
July 3, 2022, 12:30 am
0
168
Duque says no stopping of jabs for kids amid case vs. it

The country logged 1,302 new COVID-19 cases yesterday—the third consecutive day that the daily tally breached 1,000 cases, the Department...

Read more

Protocol chief named, Pagcor post still vacant

byVito Barcelo
July 3, 2022, 12:20 am
0
362
Vax wastage, infection surge feared in Odette-hit areas

President Ferdinand Marcos Jr. has named a career diplomat to be his protocol chief. As chief of presidential protocol, former...

Read more

BBM vetoes Bulacan freeport zone bill, citing ‘big fiscal risk’

byManila Standard
July 3, 2022, 12:10 am
0
276
Quezon beauty is Ms. Global, first for PH

President Ferdinand Marcos Jr. has vetoed a measure establishing a special economic zone and freeport adjacent to the proposed airport...

Read more

Price rollback for kerosene, diesel but gas seen steady

byManila Standard
July 3, 2022, 12:00 am
0
181
Price rollback for kerosene, diesel but gas seen steady

After almost a month of consecutive pump price increases, Filipinos can expect rollbacks of as much as P3 per liter...

Read more

Passing through

byManila Standard
July 2, 2022, 11:40 pm
0
132
Price rollback for kerosene, diesel but gas seen steady

A mascot wearing a dinosaur costume attracts the attention of shoppers at a mall in Cubao, Quezon City on Saturday,...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App