Sun Life Philippines: No.1 Insurance Company for 13 Years Straight

Sun Life of Canada (Philippines), Inc. continues to reign as the no. 1 life insurance company in the Philippines for 13 consecutive years. This is for Total Premium Income after all the hardworking men and women of Sun Life Philippines brought in PHP 55.79 billion in insurance premiums for 2023. Read more about this new feather in their cap.

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Sun Life Philippines Pegs Highest Total Premium Income in 2023

This is according to the 2023 report released by the Insurance Commission based on the submitted unaudited Quarterly Report on Selected Financial Statistics. Moreover, Sun Life also ranked no. 1 in Total Assets with PHP 306.33 billion and Net Income with PHP 8.79 billion in the same report.

“Being consistently no. 1 means that our clients continue to trust us to help them secure a brighter future for themselves and their loved ones,” Sun Life Philippines CEO and Country Head Benedict Sison said. “It is a privilege to be their chosen partner in their financial journey, and we will continue to honor their confidence by serving them with excellence.”

This milestone comes on the heels of Sun Life’s 129^th anniversary, making it the first and longest-standing life insurance company in the Philippines.

Other Awards and Recognitions

As a further testament to its dedication to delivering excellence, the company also recently received accolades from various regional award-giving bodies.

Sun Life was recognized as one of the Industry Champions of the Year at the Asia Corporate Excellence and Sustainability (ACES) Awards. Likewise, it was also bestowed with the Corporate Excellence Award at the Asia Pacific Enterprise Awards (APEA) for demonstrating effective talent mobilization and organizational capability that deliver consistent business results while remaining aligned with the company’s purpose.

“We would not be where we are today if not for the passion and dedication of our advisors and employees,” Sison added. “We would like to thank them for their commitment to our mission of helping Filipinos achieve lifetime financial security and live healthier lives.”

The Next Big Gig

Recently, Sun Life Philippines recognized the strengths of millennials and Gen Z, extending an open invitation to them to become financial advisors. Dubbed The Next Big Gig campaign, the company is making itself known and relevant to this unique and hardworking generation.

The campaign was officially launched at the Makati Shangri-La last February 7, 2024. Successful Sun Life Financial Advisors who are millennials and Gen Zs shared their stories to encourage the audience about how this “gig” gives them income opportunities, the freedom of time, and a sense of fulfillment in helping their clients start their journey toward financial security.

Read about Sun Life Philippines’ recent CSR effort for Sports:

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