Top 10 Life Insurance Companies in the Philippines by Assets

Largest life insurers in the Philippines ranked by total assets, from the Insurance Commission’s unaudited EQRSFS submissions.

#	Name	Total assets (₱ million)	Share	vs prev.
🥇	Sun Life Philippines Sun Life of Canada (Philippines), Inc.	344,488	—	new
🥈	AIA Philippines AIA Philippines Life and General Ins. Co. Inc. (life unit)	251,488	—	new
🥉	AXA Philippines AXA Philippines Life and General Insurance Corporation (life unit)	185,681	—	new
4	Insular Life The Insular Life Assurance Company, Ltd.	169,071	—	new
5	Allianz PNB Life Allianz PNB Life Insurance, Inc.	168,459	—	new
6	Pru Life UK Pru Life Insurance Corporation of U.K.	155,987	—	new
7	BDO Life BDO Life Assurance Company, Inc.	137,531	—	new
8	FWD Life FWD Life Insurance Corporation	137,251	—	new
9	Manulife Philippines The Manufacturers Life Insurance Company (Phils.), Inc.	124,877	—	new
10	BPI AIA Life BPI AIA Life Assurance Corporation	116,682	—	new

🥇

Sun Life Philippines

new

344,488

🥈

AIA Philippines

new

251,488

🥉

AXA Philippines

new

185,681

4

Insular Life

new

169,071

5

Allianz PNB Life

new

168,459

6

Pru Life UK

new

155,987

7

BDO Life

new

137,531

8

FWD Life

new

137,251

9

Manulife Philippines

new

124,877

10

BPI AIA Life

new

116,682

• ⚠ Figures are from IC’s unaudited Enhanced Quarterly Reports on Selected Financial Statistics (EQRSFS), prepared 3 February 2026.
• ⚠ Composite companies are marked as life-unit figures in the IC table (AIA Philippines, AXA Philippines).
• ⚠ Sun Life Assurance Company of Canada (servicing company) had no report submitted and is excluded.