Insular Life (InLife), the country’s largest Filipino-owned life insurer, more than doubled its net income in 2021 at the back of strong operational results, the Company disclosed during its Annual Members’ Meeting held online recently. Know more:
, more than doubled its net income in 2021 at the back of strong operational results, the Company disclosed during its Annual Members’ Meeting held online recently.
InLife’s net income of ₱4.7 billion is 168% higher than the ₱1.8 billion it achieved in 2020 while its total revenues of“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,” said InLife Executive Chairperson Nina D. Aguas.
“At the backend of our operations are a 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.
The Company’s strong financial results helped it maintain its high industry rank as among the top 5 life insurer, the only Filipino-owned company to do so.best, and its net worth of ₱47.8B is 2“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 a longer, healthier, and happier lives,” said Aguas.
“We are happy to report that the strong showing of IHC continued through 2021, riding the momentum of its own great performance in 2020,” said Aguas.
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