MANILA, PHILIPPINES – InLife, the country’s first and largest Filipino-owned life insurance company, has reported a robust financial performance for 2024, posting solid year on year growth across key metrics. With impressive jumps in revenue, net income and assets, the brand flexes its legacy not only in longevity but in resilience and relevance in the modern insurance landscape.
“At the backdrop of our solid financial position, InLife paid P10.5 billion in total claims and benefits in 2024. This mirrors our commitment to our policyholders and their beneficiaries,” InLife President and CEO Raul Antonio E. Littaua said during InLife’s Annual Members’ Meeting
The parent company saw revenues climb to P26.95 billion in 2024, a leap from P24.82 billion in 2023. Net income rose to P2.7 billion, up from P2.64 billion the year prior. Assets increased to P158.87 billion from P153.54 billion in 2023, while New Business Premiums hit P12.06 billion, up from P10.05 billion.
The consolidated financials tell a similar story of strength:
- Revenues: P27.04 billion (2024) vs. P25.37 billion (2023)
- Net Income: P2.78 billion (2024) vs. P2.1 billion (2023)
- Assets: P158.89 billion (2024) vs. P153.54 billion (2023)
Beyond the balance sheets, InLife continues to channel its financial power toward creating meaningful impact. Littaua emphasized the company’s commitment to providing Filipinos with insurance solutions tailored to life’s diverse stages and unexpected turns.
“We continue to deliver tailored insurance solutions to meet our customers’ evolving financial needs: from building wealth and securing futures; to standing strong against health challenges, ensuring worry-free retirement, and safeguarding companies and their employees. InLife’s enduring commitment is to maintain our strong financial position, sustain the trust of our policyholders, and help empower our communities,” he said.
InLife stands among the country’s top ten life insurers in terms of net worth, assets, net income, and sales performance. According to the Insurance Commission’s industry performance report for 2024, InLife ranked number 3 in net worth, number 4 in assets, number 7 in net income, and number 8 in New Business Annualized Premium Equivalent.
