On the alternative hand, the industry recorded general net income of P19.17 billion as of end-June, up 76.Fifty two percentage from P10.86 billion a 12 months earlier.
Life insurers posted a sixty eight.73 percent growth in net earnings to fifteen.27 billion from P9.05 billion.
The non-life region posted an growth of 18.23 percentage yr-on-yr at P2.14 billion from P1.Eighty one billion. The fee stated the enterprise’s general assets grew by means of 20.Fifty six percentage.
As of June 30, the enterprise’s asset base totaled P1.29 trillion from P1.07 trillion a 12 months in advance.
Total investments amounted to P1.Thirteen trillion, up 21.51 percent from P0.Ninety three trillion.
financial team 