InLife one of the leaders in income, assets in PH

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Insular Life (InLife) finished strong in 2021 in terms of Net Worth, Net Income and Assets among all life insurance companies operating in the Philippines, according to unaudited quarterly reports submitted to the Insurance Commission.

InLife is the only Filipino company that belonged to the top five performers in the said categories: number two in Net Worth with P43.92 billion, number three in Net Income with P4.67 billion, and number four in Assets with P151 billion.

“Among the many indicators of life insurance companies, these three are the most important as they tell everyone about the Company’s financial health status. InLife is in the business of insuring lives which means the most important for us is the Company’s sustainability so that we are able to honor our financial obligations,” said InLife President and CEO Raoul Antonio E. Littaua.

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Net Worth, Net Income and Assets are among the top indicators of a company’s financial health. Net worth is calculated as the total assets a corporation has minus its liabilities. Net Income, on the other hand, is the profit a business earns after deducting its expenses and taxes. Assets are all the available properties of every kind and possessions that will provide a future benefit for any corporation.

InLife, a mutual company, has been a life insurer for more than a century.

“We are a Filipino company competing amidst all these foreign-supported companies. We leverage on our 111 years of unbroken service to our fellow Filipinos. We are a mutual life insurance company, so our policyholders are also the owners of InLife. Above all, we are a Filipino company giving back to our country,” Litttaua said.

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