Sun Life flexes dominance as #1 life insurer in the Philippines

Sun Life of Canada (Philippines), Inc. (Sun Life) once again flexes its dominance in the Philippine  life insurance industry by ranking No. 1 in both the Total Premium Income and New Business  categories. 

According to a report posted by the Insurance Commission (IC) on its website, Sun Life landed on  the top spot in terms of Total Premium Income, with earnings reaching more than 52.6 billion as  of December 31, 2022. The top position for this category has been held by the company for 12  straight years, proving the stability and solid strength of the organization.  

In parallel results, Sun Life also led in the New Business category by generating more than 9.7  billion worth of new business, eclipsing the figures of the nearest contender within the same  period.  

Alex Narciso, President, Sun Life of (Canada) Philippines, Inc
Sun Life President Alex Narciso
Benedict Sison, CEO & Country Head, Sun Life Philippines
Sun Life CEO and Country Head Benedict Sison

“More than anything, being No. 1 reflects the confidence of our clients who have chosen Sun Life  to be their partner in securing their future. We thank them for the privilege,” says Sun Life President Alex Narciso. “Rest assured that we will continue to strive to be worthy of their trust.” 

Meanwhile, Sun Life CEO and Country Head Benedict Sison lauded the company’s advisors and  employees. “This accomplishment is the result of everyone’s concerted efforts, as we strive to  bring our clients a delightful experience throughout their financial journey. This affirms that  anchoring ourselves on our clients and our purpose to help them achieve lifetime financial  security and live healthier lives will always lead us to great results, and we are inspired to do  more,” he said. 

Now on its 128th year, Sun Life pioneered life insurance in the Philippines and remains to be the  longest-standing insurer in the country. The news about its No. 1 ranking comes on the heels of  the announcement by the Trusted Brand Awards that Sun Life has once again earned the Platinum  Award in both the Insurance and Investment Fund Company categories for 13 years in a row. 

About Sun Life

Sun Life is a leading international financial services organization providing asset management,  wealth, insurance and health solutions to individual and institutional Clients. Sun Life has  operations in a number of markets worldwide, including Canada, the United States, the United  Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore,  

Vietnam, Malaysia and Bermuda. As of December 31, 2022, Sun Life had total assets under  management of CAD 1.33 trillion. For more information, please visit  

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock  exchanges under the ticker symbol SLF.

Details and images provided in a recent press release.


Author: Gel Jose

Manic Pixie Dream Girl Wannabe, Imagineer, Foodie, TV Addict and Lifelong Learner

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