InLife, the country’s first and largest Filipino-owned life insurance company, reported solid financial results for 2024, showing growth across key performance indicators compared to 2023.
President and CEO Raul Antonio E. Littaua announced during the company’s Annual Members’ Meeting that InLife’s improved performance was driven by higher insurance revenues and stronger sales.
The company’s parent firm posted revenues of ₱26.95 billion, up from ₱24.82 billion in 2023. Net income grew to ₱2.7 billion, compared to ₱2.64 billion the previous year, while total assets reached ₱158.87 billion, up from ₱153.54 billion. New Business Premiums also climbed to ₱12.06 billion, a significant increase from ₱10.05 billion in 2023.
“InLife paid out ₱10.5 billion in total claims and benefits last year, underscoring our commitment to policyholders and their beneficiaries,” Littaua said.
Consolidated figures also showed growth, with revenues reaching ₱27.04 billion from ₱25.37 billion in 2023; net income rising to ₱2.78 billion from ₱2.1 billion; and assets increasing to ₱158.89 billion.
As InLife celebrates 115 years of uninterrupted service, Littaua reaffirmed the company’s dedication to providing financial security and tailored insurance solutions to Filipinos—from wealth-building and health protection to retirement planning and employee benefits.
“Our mission remains clear: to help Filipinos achieve their dreams and protect their future through financial empowerment,” he said.
InLife remains one of the country’s leading life insurers. Based on the Insurance Commission’s 2024 performance report, InLife ranked:
- 3rd in Net Worth
- 4th in Assets
- 7th in Net Income
- 8th in New Business Annualized Premium Equivalent (NBAPE)
These rankings reflect InLife’s strong financial foundation and continued relevance in the Philippine life insurance industry.
