Twenty-three life insurance companies in the Philippines surpassed the one-billion mark in total assets as of December 2010, according to data released by the Insurance Commission in August 2011.
The biggest life insurance company — Philam Life or Philippine American Life and General Insurance Company — accounts for 27.4% of the total assets of the Philippine life insurance industry. Together, the three top life insurance companies — Philam Life, Sunlife and Insular Life — accounts for 60.63% of the life insurance sector’s total assets as of December 2010.
| Rank Life Insurance Company | Total Assets in Billion Pesos |
| 1. Philam Life & Gen. | 130.606 |
| 2. Sunlife | 87.050 |
| 3. Insular Life | 71.237 |
| 4. Phil. Axa | 34.277 |
| 5. Manulife (Phils) | 28.973 |
| 6. Pru Life | 22.520 |
| 7. Ayala Life-BPI Philam | 19.986 |
| 8. United Cocolife | 16.607 |
| 9. Great Pacific Life | 14.657 |
| 10. Generali Pilipinas Life | 9.200 |
| 11. Manulife (Branch) | 6.029 |
| 12. Pioneer Life | 4.222 |
| 13. PNB Life | 3.922 |
| 14. Philam Equitable | 3.888 |
| 15. Beneficial Life | 3.865 |
| 16. First Life Financial | 2.791 |
| 17. Manulife Chinabank | 2.267 |
| 18. Fortune Life | 2.077 |
| 19. Paramount Life & Gen. | 1.787 |
| 20. Sony Life | 1.507 |
| 21. Great Life Financial | 1.440 |
| 22. Asian Life Financial | 1.205 |
| 23. Asian Life & Gen. | 1.202 |
| Rank Life Insurance Company | Total Assets in Million Pesos |
| 24. Caritas Life | 913.323 |
| 25. United Life | 770.856 |
| 26. Country Bankers Life | 711.254 |
| 27. Phil. Prudential | 601.593 |
| 28. Phil. Interlife | 558.015 |
| 29. Coop Life Ins. (CLIMBS) | 442.527 |
| 30. BF Life | 429.947 |
| 31. Manila Bankers | 225.414 |
| 32. CAP Life | 216.708 |
| 33. Cooperative Insurance System (CISP) | 140.784 |
| 34. Banc Life | 132.365 |
Notes: Name changes as of 2011:
Great Pacific Life became Sun Life Grepa Financial Inc. in November 2011
Ayala Life-BPI Philam is now called BPI-Philam Life Assurance Corp.
List of 34 Life Insurance Companies Licensed for the year 2011-2012
Ranking of Life Insurance Companies by Premium Income as of Dec 2011
