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July 21, 2024

Allianz PNB Life Insurance Inc. achieves remarkable growth in 2022

Allianz PNB Life Insurance Inc. (Allianz PNB) reports remarkable growth in 2022, posting P34 billion in gross written premium (GWP) income.

The insurer also achieved a 12 percent year-on-year growth, positioning itself as one of the top performers in the local insurance industry.

The company also outpaced the industry’s total GWP performance, which declined by 0.5 percent year-on-year.

Allianz PNB also achieved a 22 percent growth in new business annual premium equivalent, surpassing the industry’s 4 percent growth during the same period.