Republic of the Philippines

Department of Finance
INSURANGE GOMMISSION

XCY
TTT?ISTIGAL
DA?A

Preliminary Figures
Date Prepared: Nov. 20, 2O2O
 ECONOMIC INDICATORS

2016 2017 I 20't8 2019

GROSS NATTONAL TNCOME (GNl) -

AtCurrentPrices(?M) 16,096,913 17,391,141 18,986,667 p 20.884.620 D 22.315.806 D

At Constant Prices ( P M )' 9,1 34,679 9.735,2'tO 't0,389,984 p 10,996,296 p '11.616.982 D

GROSS DOMESTIC PRODUCT (GDP) "

AtCurentPrices(P M)' 't 3,307,265 14,449,925 15,797,503 p 17,422,819 p 18,6'13,044 p
At Constant Prices ( ? M ). 7,593,769 8,1 1 3,1 70 8,668,287 p 9,203,113 p 9,750,598 p

POPULATION t (in millions) 101 .6 103.2 104.9 p 106.6 p 108.3 0

PER CAPITA GROSS

NATTONAL TNCOME - (F) 158,434.2 168,518.8 180,997.8 p 195.915.8 p 199.997.8 p

LABOR FORCE " (Average)

(in millions) " 41.34 43.36 42.78 43.50 44.69 p
Employed' 39.00 41.00 40.34 41.20 42.43 p
Unemployed * 2.34 2.36 ?.44 2.30 2.26 p

EXCHANGE RATE (per US$) " 47 166 49.813 49.923 52.580 50.635

INFLATION RATE - 1 .4Oo/o 1.80o/o 3.20% p 5.10% p 2.50ok p

INSURANCE DEVELOPMENT

INSURANCE DENSITY 2,286.0 2,254.1 2,482.3 p 2.670.4 0 2.739.2 o

Life lnsurance 1,926.1 1.845.6 2,017.O o 2,167.3 o 2,265.0 p
Non-Life lnsurance 359.9 408.5 465.3 D 503.1 p 474.2 o

INSURANCE PENETRATION
- GDP at Current Prices 1.75Yo 1.610/o 1.65% p 1.63% p 1.59% p
- GDP at Constant Prices 3.060/o 2.87% 3.00% p 3.09% 3.O4o/o p

PREMIUMS as%of GNI 1 .44o/o 1.34Yo 1 .37o/o D 1.36% p 1.33% p

LIFE SUM INSURED as % of GDP at Current Prices 40.070/o 40.42o/o 46.19o/o Q 45.14o/o g 48.97o/o g

LIFE SUM INSURED as % of GNI at Current Prices 33.'130/o 33.58% 38.43o/o P 37.66% D 40.u% o

LIFE INSURANCE COVERAGE 41 .27o/o 46.22Yo 52.40o/o O 59.10% p 66.770/o g

Life lnsurance Companies 24.49% 28.73o/o 32.91o/o 36.96% p 41.73o/o g
Mutual Benefit Associations (MBAs) 16.78% 16.780/o 19.49% 22.14o/o D 25.O4o/o I

' per PHILIPPINE STATISTICALAUTHORITY'S NATIONAL INCOME ACCOUNT (bas€ year 2000)
'. per BSP
p preliminary figures
r revised figures
-l
 INSURANCE MARKET STRUCTURE

2015 2016 2017 2018 2019

Number of Licensed Companies 99 98 98 9,t 93 NETWORTH'(?million) 202,707.6 243,O20.3 288,417.2 292,816.7 324.3 t8.1

Direct - Writing 98 97 97 93 g2
Life 138.135.5 167.965.0 211,996.9 214.283.O 213.772.6
Composite 1 1 1 5 5
3 3 3 3 ! Domestic 56,858.0 76,958.0 76.'t00.8 82,273.2 78,260.3
1 1 2 2 Foreign 81,277.5 91.007.0 135 896 1 132,009 8 165,512 3

Life 27 29 2a
20 18 20 19 16 Non-Lile 59,68,1.6 70.230.4 71,200.1 73,720.7 7 5,130.7
Se&ino fu@iles 2 2
7 9 I 9 9 Domestic 52,487.7 51,929.1 59,397 3 61,737 7 65,618 0
Foreiqn 6,796.9 8.301.3 11.803 1 11 S83 0 9.8127
Non-Lire 67 56 & 60 62
60 58 49 51 Plotcssional Rain3uEr 4.887.5 4,824.9 5.219.9 4.81 3.0 5,114.8
SeMcing Amqnes 6 6 7
7 8 11 11 11 Dorestic 4.887 5 4,421.9 52199 4,81 3.0 5,11 4.8

Professional Reinsurer {PR) 1 1 1 1 1

1 1 1 1 1

INVESTMENTS ( P million ) 1,028,993.9 1,111,600.8 1,t77,211.3 t,3m,3,19.0 1,482,806.5

Sales Agencies & Technical Seruices LIFE 966.784.5 1,036,962.9 1,281,152.4 1,208,436.9 1,379,316.,t

Nuder otOrd,n4 Aqenb 61,461 42.084 45.662 58 687 76.969 Oomestic 296 7S4 6 307 635 3
Nuder olGeneral Aqen6 449 r54 62 116 152 lnveshsb rn Fvl *uilles 60,863.0 65.909.7 74,307.1 72,448 4 91,833.2
58,308 38,174 40,251 54,310 79,515 6 3@6 6 36% 5.8@/o 6.03% 6.66%
Nuruer ollnsurilce [Link] 64 60 65 68 67
22 19 20 21 20 Foreiqn 669.989 I 729,326 6 8E5.115.2 816,1 99.E 951 345.0
1 1 221.O19.7 239,132 I 277,O53 3 239 859 9 284.524 I
Nuder ol lndependenl AdtusleE 48 49 52 43 22 86"/. 23 06",4 21 63% 19 85% 20.63%
Nuder ofAccredted Ad!anes 37 51 57 53 50
Nuder [Link] Erlernal Auddds 46 44 44 42 44
68 7X 71 73 73
Nud€r o, Non-U€ CoQany Undemtec 344 367 398 391 400
NON{IFE 55,165.0 67.331.1 88,i141.5 92,292.5 95,396.9

Domeslic 16.21.6 51,677 .6 70,959.s 75,670.6 78,305.6

lnveshntsm Svl s@ntes t1,411.8 18,389.4 't 9,067.9 20,951.7 24,609.2
ASSETS "' ( ? million ) 1,114,983.4 1,239,591.8 1,495,228.9 1,487,29,1.6 1,653,713.8
PeEntWtotM (noilft) n.6% 27.31% [Link]% 22.70% 25.8e,6

Lile 953,186.1 1.056,394.5 [Link] Foreign 8,943 40 12 653 50 17 A42 10 16,621 90 17.031 30
oorestic "" 330.716 4 355,514 3 405 387 4 409,098 1 445 830.2 5.639 6 7 ,679.2 'r0.537 4 9.650 0 8,540 9
Vanable Lle Assels 129.002 4 131,011 I 163 929 3 172.274 2 195.05s I Per@nla@ lo ldat (ndlc) 11.41% tl 91% 10 46% 8.95%
Foreign"" 867.892 6 845 066 6 977.655 5
Vanable Lle Assels 285.192 4 345,514.4 432.849 6 441 155 I 495.558 8
PROFESSIONAL REINSURER 7,619.6
7,044.1 7,306.8 7,650.3 8,093.2

Non-Life 148,365.1 I 58,807.1 207,599.2 219.258.7 215,430.4 Domestic 7 ,044.4 7.306.8 7 650.3 7,619 6 8,093.2

Foreign 17,830.4 23,O74 3 36.492.0 37.625.2 35,724.0 Pffinlqe totdal(PR) 80.06% 35 88"1 39.46% 39 1 8e/6 49.22%

P,otessional Reinsurca 't!r.322 t{3902 1 4,3,19.7 13,871.2 11.737.7

Dorestac 13 432 2 14.390 2 1 4.349.7 13,871.2 11,737 .7

prior to vodfcation by lC

' Foreign @mpanies - with mre than 50o,6 foreign padicipaiion

" inclusive otseruicing Componies
"' pdor lo verili€tion by lC
"" inclusive of variabl€ life 6*ts

2
 LIFE INSURANCE

NEW BUSINESS

Number ol Policies 692.88,1 100.00 775,275 100.00 819,932 100.00 1,072,921 100.00 1,329,03' 100.00
Ord,nary' 155 963 143,920 1E.17 125,22A 15.27 127.318 11 87 175.927 13.24
G/oup' 6,012 0.87 3,259 o42 4,376 0.54 6.229 0.58 044
54.1 98 782 137.761 17.68 86.076 10 50 91,263 8.50 2@.717 15.10
Hea[h 5,436 066 49,017 4.57 31.549
476.71-l 68 80 494.335 63 43 598.816 73.03 799,094 74 4A 914.987 68 8s

4.193 o61 343 0.04 1 854 o.23 2,675 0.25 2.498 019
961 014 489 006 735 009 005 766 o06

10,,176,263 100.00 10,731,069 100.00 7,879,0,t8 100.00 13,387,385 100.00 16.038.220 99.99
Oidrnary 1 51,997 145 140,997 1.31 123,259 1.56 122,O71 0.9'l 172.248 107
Group 9,093 offi 86.80 4,u2,710 83 33 5.846.232 74.20 11 383,694 85.03 13,243,251 425
11 04 1.013.300 12 86 794,500 5.94 1.307.745 815
Heallh 327.69 416 327.252 2.44 438.698 274
M1 U6 422 463.030 432 568.788 722 759,865 546

4.363,379 41.65 6.276.897 58 49 2 543.072 32.28 8.192.960 61.20 62 32

Mp6d W&ds lnswe@ 334.841 3.20 377,127 35' 360.178 4.57 123.573 0.92 237 570 148

1,567,394.9 '100.00 1.620,706.4 100.00 1,582,61 5.8 100.00 't,941,106.7 100.00 2,396,917.,1 100-o1
Ordrnary 62.2616 64.438 3 4.07 70.140.6 130.530 1 545
Group 1,048,334.8 66.88 1.076.226.O 66 40 785.440.0 49.63 938,351.5 48.34 982.620 3 41 00
127.325.1 813 115 800 5 7.15 1,tg 359 9 944 82.668 o 4.26 104 243 I 435
124.557.8 7.41 247.177.4 12.73 318,196 9 13.28
329j70 4 21.02 364,225 6 22.47 458.819.8 28 99 602.76a.8 31 05 861 326 2 35.93

327.611.0 20 90 246.600.0 15 22 54,540 0 3.45 211.549 I 10 90 200.446 9 8.36

Mgrad W&erc lnsuw 175 385 I 11 19 230.568 6 226.233 1 1 4.29 77.693 8 400 146 428 6 611

TERMINATED DURING THE YEAR

436.921 't00.00 1t2.692 100.00 539.797 100.00 525,0'14 100.00 670.539 100.01
Ordnary' 252.287 57.7 4 225.420 50 92 223,57 41.42 210.111 40 08 181.755 27 11

GrouD' 6,751 155 15.776 356 5,300 0.98

69.796 15 97 59.295 '!340 121,756 22 56 74.2U 14.13 92.833 13 84
Health 4,527 084 4.578 0.87 45.971 686
108 087 24.74 142.201 32 12 184,U7 u.20 229.588

574 013 74 002 1.325 o25 89 002 0.01

MtErad Wders lnsuan@ 575 o.13 994 o22 565 0.10 592 0.11 593 o09

'100.00 10,586,086 100.00

Ordhary 2A8.11a 180 218.731 230 215.256 2.03 203.451 130 176,928 't.06
Group 12 250,701 88 86 8.226.319 86 56 8 560,474 80.87 14.213.766 90.81 14.633 870 a7.77
1,189,344 8.63 938.682 988 1 492,658 14.10 797.631 510 1.1 38.994 683
Heanh' 394.351
97.989 0 71 119,913 172,308 163 217,812 328,394 1.97

4,81 4,178 34.92

380,714 276 480.771 506 476,237 450 423,953 0 2.71 413.000.0

1,700,743.6 100.00 1,638,726.7 '100.00 't,652,121.9 100.00 1,873,771.7 100.00 2,013,663.3 100.00
[Link] 89.660 8 5.27 85.39,r 0 521 87,147.1 5.28 79,222 6 4.23 68.357 9 3.39
Group' 1,318,492 8 77 52 1.320,057 2 80 55 73 89 [Link] 7377
215.779 1 12 69 1 32.406.5 8.08 182,01 8.3 11.o2 110.116 6 5.88 105,417.3 5.24
Healti 43.655.8 264 141.951.1 7.57 105.fi8 6 521
76,810.9 452 100.869.0 616 123.158 5 7.45 157.888.8 843 248.867 4 12.36

273.490.2 16 08 237 130.4 t4 47 134.707 3 815 305.098.4 16 28 315.397.6 15 66

159 327 2 937 260,1 27 15 A7 306.238 1 18.54 193 866 9 10 35 200 024 I 993

Forfeiture Rate - Lapsation Rate 390 336 3.51 475

240 266 285 2.X
businesses

3
 LIFE INSURANCE

2015

IN FORCE AT THE END OF THE YEAR

Number of Policies 4,426,405 100.00 4,798,038 100.00 5,174,433 100.00 5,749,422 100.00 6,501,900 100.00

Ordrnary' 2,331,634 52 68 2,270,904 47.33 2.244.034 43.44 2,1 ,072 37 90 2,217,337 34.10
Group 479.621 10.83 467,066 9.73 470 lAO 9.09 473,6',t5 8.18 472.728 7.27
1 15,039 2.60 195,837 408 '146,304 2.42 172.U9 2.97 28't,747 433
'19,445 0.38 65,061 1.12 51,571 0.79
Healh
1,500,111 33.89 1,864,227 38 86 2.290 46 44.27 2.885,025 49 83 3.478.517

9,077 021 7.234 015 13.110 17.260 0.30 19,714 0.30

Migbnt Wot*e6 lnsrcn@ 3.586 008 3.200 007 4.139 0.08 4.063 0.07 4.160 006

24,882,472 100.00 29,645,275 100.00 34,522,201 100.00 39,403,013 100.00 45,1 94,096 100.o0

Ordinary' 2,264,529 9.12 2,214,922 7.47 2.',t95.377 636 2.140. 3 543 2,162.304 474
Group ' 1 9.682.40J 1 23,509.847 79.30 28,035,008 81.21 32 212 062 41.75 37.048.139 81 9a
'1,532,198 616 2,'165,654 7.31 1,454 616 4.22 1 502,483 381 1,699,200 3.76
Health ' 671.111 194 824 137 209 989,804 219
1.399.742 562 1.7U,452 5.92 2,166,095 627 2,723, 4 6.92 3,2 .U9
4.982.275 20 02 7.300,193 24.63 9.161.972 26.54 11,285,684 28 64 14.018.366 31 02
Mtqrant W&ers lnsurance 1 056.834 935.982 3. 16 1.063 626 3.08 958 399 243 939.OO8 2.08

{ P million I
Sum Assured 5,332,533.1 100.00 5,840,032.1 100.00 7,297,359.1 100.00 7,8&,401.0 100.00 9,114,547.2 100.00
Ordinary 472.135 1 858,918.4 14 71 857,101.3 11.7 4 855,212 5 10 88 938.611 4 10 30
Group 3,242.902 0 60 81 3,550,648.2 60 80 4.663,670.7 63 91 4,752,707.4 60 43 4,957,',157.1 54 39
259.830.7 4.87 256.449 7 439 229,422.1 3.15 216,098.5 2.75 218.154.2 239
Healb 67.660.2 0.93 1 55,813.1 198 235,233.1 2.58
957,665 3 17.96 '1.'174.015 8 20'10 1,479,104.8 20 27 1,884,569 5 23 96 2,76s,391.4 30.34

333,732 7 6.26 336.276.3 5.76 440.785.6 604 507 023 0 6.45 495.391.8 544
Mtghht Wo*erc ln*tance 477.254.6 895 513.259 I 8.79 525.635 I 720 516 566 9 657 499.094 7 5.48

LEGAL POLICY RESERVES 31 5,'145.1 100.00 333,247.6 100.0c 360,61't.6 't00.00 310,245.7 100.00 3i14,060.0 100.00

Domestc 121.484.9 386 127.523.3 34.27 1 34,863.3 37.40 116,099.2 37 42 133,241 2 3A 74

Foreign 193.250 2 61 32 205.724 3 61.73 225.744.3 62 60 194,146.5 62 58 210.774.4 61 2e

PREMIUM INCOME 188,81 8.2 100.00 182,455.2 't00.00 m2,771.5 100.00 230,111.0 100.00 2U,212.a 99.99

Ordinary 33,,140.9 17.71 31.216 7 17.O7 29.9€17.2 14 79 30,220.7 13'13 31,903 2 13 6i

Group ' 11,541.4 611 13 804 7 755 16.440.5 811 18,797.9 417 20.714.5 8.&
5,'148 0 2 1.616 4 080 1,706 6 o.75 2,000 I 085
Heallh ' 5.772.6 244 7,576 3 9,500 8 4U.
138.687 I 73.45 131,744 5 72.05 148,954 I 73 46 171.809.5 746€ 1 70,093.5

1,711.9 091 1.80i I 099 2.4fi.0 1.21 2.661 6 116 2.723 5 1 16

Mta tant Worke rs In su t ance 551 0 0.29 592 5 0.32 546 0 027 469.2 0.20 482 4 021

TICIPATION IN
PREMIUM INCOME 188,818.2 100.00 '182,855.2 100.00 202,771.5 100.00 230,111.0 100.00 234.212.8 100.(x)
Domestic 73.123 0 38.73 65,',t42 7 7't,958.6 35 49 83,365.2 36 23 83 391.8 35 61
Foreign '115.695.20 61 27 '117,712.5 u.37 130,812 I 64.51 146,745.8 63 77 150.821.0 64.39

' lncJusive of microinsurane and migrant workers insurance businesses

4
 LIFE INSURANCE

o/" o/.
( ? million ) 201 5 2017 2018

BENEFIT PAYMENTS

By Type of Plan 49,964.7 100.00 53,834.3 100.00 64,828.0 1 00.00 70,903.4 100.00 82,796.0 100.00

Ordinary 34.929.3 69.9'1 36.063.9 66 99 29,937.1 46.18 32,696.0 46 11 36.022 0 43 5'1

5,994.3 12.00 6,800.7 12 63 8,674.4 '13.38 9.277 7 '13.08 10,575.6 12.77

Group
2,441.7 5.77 3,220I 5.98 3,915.6 6,M 350 6 0.49 485.5 0.5€
Health ' 4,443 5 628 5,239.9 6.33
6,159.4 7.744.9 14.4C 22,300.9 34 40 24 135 6 34c/, 30,473 0 36 80

953.8 1.91 981.2 1.159.2 1.79 958 1 1,271 0 1.54

M@ranl Wo*eB lnsutance 101.3 0.24 908 017 126 I 024 75.9 0.11 77.9 o09

Benefit Payments 49,964.7 100.00 53,834.3 100 00 64,828.0 100.00 70,903.4 100.00 82,796.0 99.99

Deah Benefls 9,523 4 19.m 9,925.1 1A 44 13.416 4 20 7l 13.791 I 19 45 15,411.1 18.6'1

1 2,098.9 24.22 16,101.4 29.91 1 5,359 2 23 69 18 935 9 17,472 I 2't.10

Annuity benefb 13 00c 1.2 0.00 2.6 000 19 000 000
Disability benefits 3,260 9 520.2 097 622.1 096 707.9 1.00 601 0 0.73
Surender benefts 10,522 5 [Link] 12.512.',| 23.24 't4,675 6 22.U 24.698.7 34 83 32.447.6 39 24

and health policies 2.414.9 5.63 3.375.3 627 4.085 0 63C 5.213.1 6,090 5 7.36
Benefits under
5947 4 11 63924 11 8i 2.443 5 3 54432 6.62
PoIcy dividends 4,660.7 9.33 3,894.6 7.23 1.127 .8 1.74 3,819 2 4,142.9 5.00
Others 1,134.7 2.27 1.112.O 2.O7 13.095.8 20 2C 1,225.7 1,104.1 1.33

UNDERWRITING RESULTS

Premium ancome less

increase/(decrease) in reseNes 157 _166.7 165,885 6 187.843.0 209,634 5 211.017 1
Benelits Paid 49. 47 53,834 3 64,828 0 70,903 4 82,796 0
Nel Commission (15,362.5) (16,998: (18,746 6) (21,816 1) (24,253.6)
Other UndeMiftng
income/(expense) (89,691 0) (91,468.7) (82,348 I (88,204.5) (60,034 4)
UndeMiling gain/(loss) 2,'148.5 3,584.3 21,9'19.5 28,710.5 43,933.'t

Undewntinq gaid(loss) as e Y.

of premum ncoma 114 196 10 81 12 48 18 76

OPERATING RESULTS

UndeMitng gain/(loss) 2.148.5 3,584.3 21,919 5 2A,710 5 43,933.'l

Gross investment income 32,561 I 33,576.4 u,754.0 36,469 7 36,859.1
Ooeratno exDenses '12.704I 18.636 4 36.296 I 42 437 7
Net income before income tax 22.O05 4 18,524 3 29.2% 4 28,883 3 38,354.5
lncome Tar 761 0 803 7 1.198 I 2.590 8 2,209.8
Net income afrer lax 21.244 4 17.720.6 28.097.6 26.292 5 36,144'

' lnclusive of microinsurance and migrant worke.s insurance businesses

5
 NON-LIFE INSURANCE

(P million ) 2015 % 2016 20't7 2018 2019 *

RISKS WRITTEN

Direct Business 88,306,997.1 206,508,769.6 167,017,9'15.5 160,552,150.1 290,49A,347.9

Cessions from Direct Business 39 152.125.7 76,731,728.3 103,247,937.8 100,44o,277.O 64,357,256 5
Assumed Risks I,OA2 073 2 1 3,469,912.0 17 ,976,842I 16,921,259.5 6.726,154 2
Gross Risks' 88,687,355.9 207,255,535.2 167,573,659.4 163,441,791.0 291 574.521.9
Retro@ssions 5,956,233.9 7,858,776.7 9,966,725.1 7,561,645.1 3,309,262.3
Net Risks 52,2AO,710 7 134,751,'t54.3 70,447,246.9 69,431,487 .4 229,557,983 3

PREMIUMS WRITTEN

Direct Business 62,706.9 68,838.2 75,522.1 83,203 4 78,259.3

Cessions from Direct Business 30,664.2 32,304.7 32,938.'t 36,793.0 35,828.2
Assumed Premiums 4.249 7 8,146.4 8,507 5 9.'106.8 9,617 5
Gross Premiums ' 63.635 5 69.708.7 76,548.1 44.423.6 79,199 6
Relrocessions 4,694.6 4,220.5 4,641 4 4,460.3 3,967 4
Net Premiums 35,637.8 40.459 4 46.450.3 51 056 I 48.081.2
76,548.1 100.00
GROSS PREMIUMS / BY LINE 63,635.5 100.00 69,708.8 100.00 84,423.6 100.00 79,199.6 100.00

Fire 21,975.8 34 53 23,039.7 33 05 24,997.9 32 66 27,729 1 32.85 24,560.3 31.01

Micrcinsuran@ 53.1 024 149 0.06 168 0.07 20.7 0.07 24.0 0.10
Marine 5.798.7 9.11 5.717.1 824 5.9717 7.80 6.389 0 7.57 5,466 0 69C
Motor Car 19,673.0 30 92 23,OO8.2 33 01 27 11A 6 35 43 28.415.0 33.66 27,460.4 34.67
Microinsurane
Casualty '13,406 3 21.O7 14,812 0 15,0'18.8 19.62 1 7,396 3 18,161.6 22.93
Micrcinsuran@ 358.2 631.6 426 848 0 565 1.093.0 628 1.294.2 713
Mig ra nl Workers I nsu rance 936 6 699 881.0 595 842 1 561 793.7 4.56 771 I 4.25
Suretyship 2.781.7 437 3,13'1 .8 4.49 3,441 I 450 4.494.2 532 3,551 3 444
Life for PR
46,450.1 100.00
NET PREMIUMS / BY LINE 35,637.8 100.00 40,459.4 100.00 5'1,056.9 100.00 48,081.2 100.00

F ire 5,507 I 15.46 60898 15 05 6,344.9 6,627 7 12 98 5.267.6 10.96

Micrcinsurane 5i0 0.96 13.3 109 0.17 187 028 21.5 0.41
Maane '1,909 9 5 1.834 7 453 1,975.9
2,O03.2 4.31 3.87 1,682.5 3.50
Motor Car 18,238.0 51 l8 21.058.6 52.O5 24.609 8 52 98 26.522.O 5'1.95 25.307.7 52.U
Micrcinsuran@
Casualty 7,384.9 20.72 8,519 3 21 06 10.277.6 11,804.4 23 12 12.783 5 26 59
Micrcinsurance 304 6 612.4 719 777 9 7.57 1.010.9 856 1.178.0 oaa
Migrant Workere lnsurane 559.5 758 574 1 674 727 6 7.08 591 629 4 492
Suretyship 2.597 1 729 2,951.O 3,214.6 692 4,126.9 808 3,039.9 6.32
Lrfe for PR 0.00 000 0.00

PARTICIPATION IN 46,450.1 't00.00

35,637.8 100.00 40,459.4 100.00 51,056.9 100.00 100.0 't00.00
NET PREMIUMS WRITTEN
Domestic 32.040.9 89.9'l u.146.4 84 4A 36,109.2 77.74 40,429.3 79.'18 783 78.28
Foreiqn 3,596.9 '10.09 6,313.0 15 60 10.340 I ))' 10,627.6 20 82 21.7 21 72

' Darecl Business and Reinsuranc a@pt€d from unathorized @mpanies.

" Preliminary rigures and subjecl for revision as not all mmpanies have submitted their annual statements (as of 30 Nov 2020)

6
 [Link] INSURANCE

( P million ) 2015 2018

PREMIUMS LIABILITIES' 16,102.2 20,718.4 36.110.9 39-176-5 37,091.0

CLAIMS LIABILITIES 61.256.8 61,060.9 60,490.2

PREMIUMS EARNED 33,478.3 100.00 38,217.5 100.00 43,409.9 100.00 49,370.2 100.00 46,804.7 100.00

Fire & Allied Perils 4,927.6 14.72 5,840.3 15.24 6,217.9 14.32 6,1 04.5 12 36 5,409.4 1 1.56
Microinsuan@ 58.5 1.19 28.9 0.49 8.9 0.14 17.2 0.28 22.0 0.41
1,912.6 5.71 1,845.7 4.83 1,865 5 4.30 1.975.4 400 1.650.1 3.53
Motor Car 17,224.9 51 46 19,540.0 51.13 22.fi80 51 99 25,64s.9 24.740 3 52.86
MicroinsuBn@ 0.0 0.0 oo
Casualty 7,009.3 20 94 8,006.9 20.95 9,780 5 22.53 '11,644.8 23 59 12,210.8
Micrcinsunn@ 246 5 3.52 444 0 662 I 678 897 6 771 1.125 1 9.21
Mignnt Wo*e6 lnsuren@ 524 I 7.49 570 0 7.12 559 I 719.0 6.17 622 6 5.10
Suretyship 2,399.9 7.17 2,984.6 7.81 2.97A.O 686 3,999.6 8.10 2,794.1 5.97
Lafe

CLAIMS INCURRED / LOSS RATIO 13,215.4 39.56 16,377.3 42.E5 18,463.8 42.53 2t,495.6 22,3t3.9 47.67
'13.54

Fire & Allied Penls 2,314.2 47.05 3,293.8 56 40 3.042.4 49 5? 4,381.3 71.77 4.437.0 a2 02
Micrcinsunn@ 538 91.97 (03 (1 04) 't0.0 8.3 48 26 16.9 76 82
Marine, Aviation or Transit 534 1 27.93 47A 6 25.93 636.8 u.14 618.0 453.7 27.50
Motor Car 7,998 1 46.42 9.744.9 49.47 10.992.3 48 71 12.496.8 48 73 13,251 7 5J 5b
Casualty 2,'158.9 30 80 2.739 4 u.21 3.549.9 36.30 3,833.7 4,O34.4 33.04
Microinsuan@ 42.6 17.28 96.1 21.64 134 1 20 23 242.8 27 05 285 5 25 38
Migfrnl Wofuers lnsuan@ 158 2 30.14 289 7 tu82 295 7 52 8: 429.6 59.75 351.8 56 50
Suretyship 236.1 984 120 6 404 202 4 6.80 165.8 415 137 1 491
Life

UNDERWRITING RESULTS

Premiums Eamed 33.478.3 38.217.4 43.409.9 49,370.2 46.804 7

Claims lnared 13.245.4 1 6,377.3 18,463.8 21,495.6 22,313.9
Loss Adjustment Expenses 429.2 312 I 297.5 275.0
Net Commission (6,606 6) (7,243.7 (7,966 5 (9,209.8) (7,889 9)
Other UndeMntinO lncome / (Expense) {2,053.8 (2,504.6) (2,856.4) (3,901.81 (3,924 I
Undefrriting gain / (loss) 11,143 3 11,778I 13,792.7 '14,465.5 12,401 1

Underyritino oain as oA to
Premiums Eamed 33 29 30 82 29.30 26fi
OPERATING RESULTS

UndeNriting gain / (loss) 1 1,143.3 11,778.9 13,792 7 14.465.6 12.401 1

Gross lnvestment ln@me 1,858.1 2.08/.3 2,242.2 27150 3,252I

Operatinq Expenses 9,611.6 10,352 9 12.093.7 12,72A.0 13,875.1
Net lncome Before ln@me Tax 3,389 8 3,510 3 3.981 2 4 4526 3,527 6
ln@me Tax 442.7 507 I 772 6 898.8 901 9
Net ln@me After Tax 2.547 1 3.0O2.4 3,208 6 3,553 I 2,625.7

'2013-2016 previousiy retered as Reserue for Uneamed Premiums

" Preliminary rigures and subject for revision as nol all @mpanies haw submitted their annual statements (as of 30 Nov 2020)

-7-
 PROFESSIONAL REINSURER

(? million I 201 5 2016 2017 2018 20'ts

RISKS WRITTEN

Direct Business
Cessions from Direcl Business
Assumed Risks 2,037,Og't.7 3,266,128.0 1,332,848 6 2.515.404 2 2,029.314 4
Gross Risks' 23,O72.1 637.022.2 46,958 4 ('t,522.4) 6,583.8
Cessions from Assumed Business 1,306,029.7 2,393,446.5 406,563.9 '1,009,492.4 750,959.0
Net Risks 731,062.0 1,509,703.8 926.2U 7 1,505,911 I 1.274.355 4

PREMIUMS WRITTEN

Direct Business
Cessaons from Direcl Business
Assumed Premiums 2,142.4 3,383.9 3,205.1 3,682 I 4,338.5
Gross Premiums' 236 77.5 (0.3) '1 1.3

Cessions from Assumed Business 1,254.4 '1,690 7 u1.4 1,106.7 't,064.2

Net Premiums 927 I 'l 693 2 2.363 7 2,576.2 3,274.3

GROSS PREMIUMS / BY LINE 23.5 100.0 736.9 100.0 77.5 100.0 (0.3) 100.0 11-2 100.0

Fire 280 172 1 21 2 27.4 11 (366.7) 66 58.9

Micronsuran@ 0.0
[,,laone 22 208 28 2.O 26 04 (133.3) 0.3 2.7
Nilotor Car 0.8 3.4 677 92 36 4.7 0.3 (100 0) 1.6 '14.3
Micrcinsuran@ o0
Casualty 0.5 2.1 477 2 64.8 40.9 52.8 (0 6) 200.o 2.7 24.1
Micrcinsurune 00
Mig ranl Workers I nsu rane 0.0
Suretyship 67 10 (333 3) 0.0
Life for PR 13 5 57.2 (0.9) (0.1) 46 59 (2 5) 833 3 0.0

NET PREMIUMS / BY LINE 927.9 't00.0 1,693.2 100.0 2,363.7 100.0 2,576.2 100.0 3,274.3 100_0

Fire 188.4 511.6 30 21 920 0 38 92 901 7 35 00 1,396.5

MicainsuranG 0.0
Manne 48.5 lsl 2) -3.38 2.U 36.1 1.40 38.2 1.17
Motor Car 91.2 9.83 156.3 9.23 330.6 13 99 3s6.7 10.89
Micrcinsurane 0.0 00
Casualty 332.9 35 8€ 763.8 45 11 488 1 20 65 559 I 21.73 435 0
Micrcinsurane 0.0
Miqrcnt Workers lnsuGne 00
Suretyship 45.0 266 549 469 1.82 54.6 167
Life for PR 266 I 28 76 16 16 so2 9 21.28 508.2 19.73 993.3 30 34

PARTICIPATION IN
927.9 100.0 1,693.2 100.0 2,363.5 100.0 2,576.2 't00.0 3,274.3 100.0
NET PREMIUMS WRITTEN
Domestic 927.9 '100.00 1,693 2 100 00 2,363.6 100 00 2,576.2 100.00 3,274.3 100 0c
Foreiqn

' Direcl Business and Reinsurane a@pted from unathorized @mpanies.

8
 PROFESSIONAL REINSURER

( P million ) 2016 2017 v. 9

PREMIUMS LIABILITIES- 538.1 1,337.2 1.339.8 1.564.6

CLAIMS LIABILITIES 6,343.6 6.234.7

900.4 't00.00 I,288.9 100.00 2,169.2 100.00 2,566.3 't00.00 3,193.2 100.00
PREMIUMS EARNED

Fire & Allied Penls 227.8 25.30 349 8 27.14 746 1 u.40 924.6 36 03 1,306 0 40.90
MicrcinsuEn@
453 5.03 (61 2) (4.75) 70.6 325 1.48 41 A 1.31

Motor Car 940 10.44 120.0 280.3 12 92 471 0 1 8.35 368 I 11.55

MicroinsuBn@
Casualty 2AO.2 31.12 577 0 44 77 530.5 24 46 603.7 23.52 484 6 15 18
Microinsuran@
Migrent Workere lnsurun@
Suretyship 44.5 3.45 558 2.57 47.4 1.86 528 165
Life 28 11 258 I 20 08 485 9 22 40 48'1 3 18 75 939.2 29 41

CLAIMS INCURREO / LOSS RATIO 509.9 56.63 524.0 40,65 1,072.'l 49.12 1,118.7 43.59 2,088.2 65.40

Fire & Allied Perils 175 7 77't3 112 3 32.10 638.3 85 55 446 7 48 3'r 1 .136 2 87 00
Microinsunn@ 0.0
Marine, Aviation or Transit 57.9 127 81 (8.0) 13.07 (68.1 ) (96 46) (9.6) (25.33 14.7
56.60 31.2 26 00 '103 6 36 96 180 3 38.28 223.7
Motor Car
Casualty 92.1 32.87 236.4 40.97 274.6 51.76 495 1 82.01 691 1 142 61

Microinsuftn@
Migrent WorkeE lnsuQn*
Suretyship 49.89 (56 6) (1 01 43 62 12.97 42.61

Life 131.0 51 76 129 9 50.19 180.3 37.11

UNDERWRITING RESULTS

Premiums Earned 900 4 1,288.9 2,169.2 2,566 3 3,193 2

Claims lnared 524 0 1,072.1 1,118.7 2,OAA.2
14.3 00 (4.3 (1 0) 0.0
Net Commission (474.4) (s78.6) 1962.7)
vurEr uiluerwrurg ilresilrE, \E^PErpE/ (16.i (235.( (321.1 / 563
201.7 149 4 't36.4
UndeMriting gain / (loss) 119.4 54.6
UndeMntino oain as Yo to
Premiums Eamed 13.26 4.24 9.30 5.82 4.27

OPERATING RESULTS

Undeilriting gain / (loss) 119.4 546 201.7 149 4 1364

Gross lnvestment lncome 503.3 281 0 319.8 268.3
Ooeratino ExDenses 433.6 355.9 4'16.9 268.5 302 4
Net lncome Before ln@me Tax '189.1 (20 3 104.6 149.2 217.
lnmme Tax 10.0 156 54.5 605
Net lncome After Tax 't79.1 (3s.9 50 1 149.2 156.7

' 2013-2016 previously refered as Reserye lor Uneamed Premiums

9
 GOVERNMENT SERVICE INSURANCE SYSTEM PRE - NEED INDUSTRY

( ? million ) ( P million )
ASSETS' 958,385.2 1,01 3,0'16-5 1,102,523. 't,135,289.2 1,3r4,733.5 ASSETS I 115.614.4 114,936.6 115,751 1 121,391.9 81.262 4
LIABILITIES 99,253 7 101.377.8 99,522 I 103,867.3 68 266 7
Life 924.894.0 978,052 5 1.064.095 0 1,094,ffi7.8 1.270,199.2 NETWORTH' 16,360 7 't3,558.8 16.228 2 17.524.6 12,995.7
Non-Life 33.431.2 34,994 0 38.428.2 40.621 .1 ,t4,534.3 [Link] CAPITAL 3.875 7 3.850 7 3.643 6 3.4621 2.008.2
TRUST FUND 98,524.3 99,046.7 99,207.1 102753 2 71.501.5
LIABILITIES ' 832,780.6 955,455.0 1,035,925.5 I,101,872.5 't,208,10r.9 [Link] RESERVES .. T 95,110.4 95,122.9 98,375.3 65,936.7
ffi 3.413.9 2.O42.9 3,7U.2 4,377.9 5.56,1.8
Life 883,195.0 947 .225.6 1.026,547 3 [Link] 1 ,197 ,709.4
(Trud Fund br Pdd Re..ry6)
Non-Life 9,585.6 8,229.4 9,378 2 't
0,144.0 10.392.s Sutplus 4.328 6 2,796.9 4,089 7 5,209.1 5.905.2
Deficit (914 7) (714.( 1305 I (831.1 (340.4
!ETWORTH' 65.504.6 57,591.5 66,597.7 33,,116.7 105,631.6 INVESTMENTS 103.872 I 98,021.4 108.112.9 112.050.5 78.289.2
PREMIUMS 16,269.2 16.092.0 17.557 I 19,532.9 20.141.0
Life 41.699.0 30.826.9 3?.54?.7 2,939 3 72 489.8 NET INCOME 1.162 8 1.791 7 362.9 159.9
Non-Life 23.905.6 26,764 6 29,050.0 30.477 .4 34,141 8

NVESTMENTS 905,995.2 95E,850.4 't,032,5'17.1 1,075.716.8 r.245.653.1 SeMongConFilas 3 3 3

6 I 8 6
I iaa 879.1 87 3 928.844.8 1,001 436.3 Number of Pr.-NGGd s.le3 [Link] 27.338 23.980
Non-Lafe 26.807 9 30.005.6 31 080 8 35.483 9 39 084.9 694,163 697,869 871.772 778,033 925,370
Life 57 1,564 680.&9 858,023 764.328 911.781
PREMIUMS 89,317.9 96.561.0 106,t60.8 118.69,t.5 132,305.9 Pension 2 I.684 16.328 13,052 1 2.859 9.710
Education 915 892 697 846 879
Lrfe 86.250 2 94.004 4 103.436 I 1'l
Non-Life 3.067 7 2.556.6 2.723 9 36103 57455

1,477. 1 2,131
HEALTH MAINTENANCE ORGANIZATIONS (HMOs) INDUSTRY

( MBAS ) 2016
MUTUAL BENEFITASSOCIATIONS

ASSETS' 17 .020 5 32.236.4 30.722 8

LIABILITIES' 't4.6116 26 AO9 2 24,380 1 27,O84 5
NETWORTH' 2,408 I 5.427 2 6,342.7 6,430.6
s 60,988.6 67.958.1 75,738.1 85.393.4 87.203.0 PAIO,UP CAPITAL 1.205.3 2,612.7 2.11t.8 2.536 7
Microinsurance MBAs 10.699.2 12 5A7.1 15,416 6 19.377.3 23,333.5 INVESTMENTS 12.453.7 8.726 4 7,505.7
Regular MBAs 50.289.4 55 371.0 60.321 5 67,016.1 63.869.5 9 156.5 41
LIABILITIES' 39,333.3 ,t3.208.0 ,16,1 31.0 51,610.1 5,1,281.5
9 477.1 11.609.6 14.540 5 18,037.9
Reqular MBAs 31,195.6 33 730 9 34.521 .4 37,069.6 36,243.6
MEMBER'S EQUITY ' 21,655.,t 21.750.1 29.607.1 34,783.3 32,921.5 Number ol HMO Acluaries 12 14 14
Mrcroinsurance MBAs 2,561.6 3,110.0 3,807 1 4.836.8 5,295.6 Number ot Memb€6rEnrollees
Reqular MBAs 19,0S3.8 21 .640.1 25,800 0 29.946 5 27.625I F ull t isk H MO Agre efr enl s i.655.954 4.113.157 5.450.900
857,194 975,543 1,229.405
Microinsurance MBAs 442 1 450 3 468.3 551 4 463 8
Regular MBAs 435.8 398.6 387 1 423.7 291.5
INVESTMENTS 53,126.8 63,107.0 63,59it.8 63.'165.2 79,990.7 ' prior to verili@lion by lC
14,730.9 18.890 8 20.936 4 " Pre-Need Reserves include Benefi,t Obligation$/Payables as mandated by Prc-Need Code
Reqular MBAs 42,660.7 51.577 7 48.863.9 44.574.4 59,054.3 "" inclusive of Seruicing Companies
PREMIUMS 6,877.3 7,665.0 8,812.5 10.923.9 11,09't.l + Preliminary figures and subiect for revision as nol all companies have submitted their annual statements (as of 30 Nov 2020)
Microinsurance MBAs 2.460 I 2,999.4 3,893 4 4.703 5 r - 20,5 -2018 are revi*d ligucs
Reqular MBAs 4.416.4 4,S5 6 4.919.1 6.220 4 6 169.2
NET SURPLUS/DEFICIT 3,113.9 3,102.2 il,[Link] 5,109.2 4,614.9
Microinsurance MBAs 544.8 539.0 794.0 1,093.7 1,338.7
ReaUIaT MBAs 2,569 1 2.$3.2 4.1 10.4 4.015 5 3.276.2

34 3{ 35 35
Micrcinsutan@ MBA' 22 23 23
Regulat MBAS 12 12
1 641,848 5.453.400 6.437. r 88 7.257.604 10 827 063
12 408.088 12,60,4.152 14.007,563 16,321,O22 16,291.U2

t0