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IC says PGAI leads non-life sector in NPW

IC says PGAI leads non-life sector in NPW
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Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines

Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
© STAR/File
Sun Life, Prudential Guarantee lead life and non-life insurers in Philippines
MANILA, Philippines The Insurance Commission (IC) announced Sun Life Canada (Philippines) Inc. and Prudential Guarantee and Assurance Inc. (PGAI) remained the highest-ranked life and non-life insurance company, respectively, in terms of premium income in 2020.
Based on insurance companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year, Sun Life topped life insurance companies with a premium income of P39.27 billion, while PGAI led the non-life sector with net premiums written (NPW) amounting to P4.55 billion in 2020. ....

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Prudential Guarantee is top non-life insurer

Published April 24, 2021, 6:00 AM
Based on net premiums
The Prudential Guarantee and Assurance, Inc. (PGAI) remained the top non-life insurance company in terms of net premiums last year.
Based on the 2020 rankings released by Insurance Commission, PGAI registered the highest net premiums among non-life insurers at P4.55 billion, effectively maintaining its top spot position for four consecutive years based on companies’ quarterly reports on selected financial statistics submitted to IC at the end of December last year.
Second on the list was Malayan Insurance Co., Inc. with P4.08 billion, followed by Pacific Cross Insurance, Inc. with P3.32 billion and Pioneer Insurance & Surety Corp. with P2.97 billion. ....

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Sun Life, Prudential top life and non-life insurers in 2020

Sun Life, Prudential top life and non-life insurers in 2020
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