The lifestyles coverage area published an profits of P82.20 billion, down sixteen.Eighty three percent from P98.Eighty three billion inside the equal comparable length. Non-existence insurers recorded P19.Sixty nine billion, up thirteen.95 percentage from in the identical comparable duration. Non-existence insurers recorded P19.69 billion, up thirteen.95 percent from P17.28 billion.
“Based on the submission of the industry players, the decline inside the general premium was mainly because of the decrease sales performance through the life coverage quarter,” Dooc in advance said.
He mentioned a massive drop inside the premium production in variable lifestyles coverage merchandise of the important gamers.
The industry internet really worth stood at P262.Fifty one billion as of quit-June or 40.70 percent higher than the P186.Fifty eight billion recorded in the equal length in 2015, the IC stated.
financial team 