Sunlife Retains Position as Top PH Insurer

March 26, 2024: SunLife of Canada (Philippines) Inc. was confirmed to have retained its position as the leading life insurance company in the Philippines for the thirteenth consecutive year. This achievement was secured through the company’s impressive performance in 2023, demonstrably reflected in its total premium income.

According to a report by the Insurance Commission, compiled from unaudited quarterly reports submitted by life insurance companies operating within the Philippines, Sun Life Philippines garnered a total premium income of P55.79 billion in 2023. This figure solidified the company’s dominance within the life insurance market.

Sun Life Philippines’ leadership extended beyond its premium income. The company also ranked top in total assets, accumulating a substantial P306.33 billion by the end of 2023. Furthermore, their net annual income reached P8.79 billion, showcasing their robust financial health.

In a statement released by Sun Life Philippines, Chief Executive Officer and Country Head Benedict Sison attributed the company’s continued success to their clients’ unwavering trust. He emphasized Sun Life’s commitment to empowering Filipinos to secure a brighter future for themselves and their loved ones.

Sun Life Philippines’ sustained leadership within the Philippine life insurance market signifies the company’s ability to effectively cater to the needs of its policyholders. Their consistent performance underscores their position as a reliable and trusted partner for Filipinos seeking financial security.