$32-billion life insurance giant leads in PH for 13 years in a row

Sun Life of Canada (Philippines), Inc. has once again secured its position as the leading life insurance company in the Philippines for the 13th consecutive year.

The company’s remarkable achievement comes on the heels of an impressive performance in 2023, where it amassed a Total Premium Income of PHP 55.79 billion, solidifying its status as the preferred choice for individuals seeking financial security and peace of mind.

According to the 2023 report released by the Insurance Commission, Sun Life also excelled in other key financial metrics, ranking first in Total Assets with PHP 306.33 billion and Net Income with PHP 8.79 billion.

These figures underscore Sun Life’s financial strength and stability, reaffirming its commitment to providing reliable and comprehensive life insurance solutions to its clients.

Benedict Sison, CEO and Country Head of Sun Life Philippines, expressed gratitude for the continued trust and confidence that clients place in the company.

He emphasized that being consistently ranked as the top life insurance provider signifies the unwavering commitment of Sun Life to help individuals secure a brighter future for themselves and their loved ones.

Sison reiterated the company’s dedication to serving its clients with excellence, highlighting the privilege of being chosen as a partner in their financial journey.

Sun Life’s impressive milestone coincides with the celebration of its 129th anniversary, marking its legacy as the first and longest-standing life insurance company in the Philippines.

The company’s enduring commitment to excellence and innovation has not gone unnoticed, as it recently received prestigious accolades from regional award-giving bodies.

At the Asia Corporate Excellence and Sustainability (ACES) Awards, Sun Life was recognized as one of the Industry Champions of the Year, underscoring its leadership in promoting sustainable business practices and corporate excellence.

Additionally, the company was honored with the Corporate Excellence Award at the Asia Pacific Enterprise Awards (APEA) for its effective talent mobilization and organizational capability, which have consistently delivered positive business outcomes aligned with Sun Life’s overarching purpose.

Acknowledging the pivotal role played by its advisors and employees in achieving these milestones, Sison expressed gratitude for their passion and dedication.

He credited their unwavering commitment to Sun Life’s mission of helping Filipinos achieve lifetime financial security and lead healthier lives as instrumental to the company’s success.

As Sun Life of Canada (Philippines), Inc. continues to set industry benchmarks and uphold its legacy of excellence, clients can rest assured that the company remains steadfast in its commitment to providing unparalleled life insurance solutions and empowering individuals to secure their financial future with confidence and peace of mind.