Sun Life Philippines (Sun Life) said it remains the leading life insurance company in the Philippines based on total premiums, according to a report by the Insurance Commission of the Philippines.
Sun Life, with total earned premiums amounting to P57.15 billion, bested its nearest competitor by more than P9 billion, establishing itself as the market leader for the 14th year in a row.
The company said it also ranked number one in net income, invested assets and total assets.
“These achievements underscore the company’s unwavering commitment to providing exceptional service, innovative products and unparalleled client experience as the Filipinos’ partner for life,” Sun Life said in a statement.
“To be the number one life insurance company is a tremendous honor for Sun Life, more so as we celebrate our 130th anniversary of serving the Filipino nation,” said Benedict Sison, chief executive and country head of Sun Life Philippines.
“This remarkable achievement is a testament to the trust and support of our clients. It also reflects the hard work and dedication of Sun Life employees and advisors, and their relentless pursuit of excellence in serving our clients,” he said.
Established in the Philippines in 1895, Sun Life pioneered life insurance in the country and has since grown with 95 branches nationwide. Over the years, it has kept its commitment of protecting Filipinos and helping them secure their financial futures.