InLife grows profit to P2.78B

InLife grew its net income last year to P2.78 billion last year, rising from P2.1 billion in 2023 as the company redesigns products for the country's growing older population.

InLife on Thursday reported its parent company attracted total new business premiums worth P12.06 billion, higher than the P10.05 billion in 2023.

The life insurer's revenues reached P27.04 billion last year, climbing from P25.37 billion in 2023.

Accordingly, assets increased to P158.89 billion from P153.54 billion between these years.

According to the Insurance Commission, InLife last year ranked third in net worth, fourth in assets, seventh in net income, and eight in new business annualized premium equivalent.