Pru Life UK solidified its dominance in the Philippine insurance sector, reporting strong second-quarter 2024 results.
The company secured the top spot in both new business annual premium equivalent (NBAPE) and total premium income from variable life insurance products, building on its first-quarter success.
According to the Insurance Commission (IC), Pru Life UK generated P4.8 billion in NBAPE and P22.5 billion in total premium income from variable life insurance products as of June 30, 2024.
Francis Ortega, Pru Life UK’s Chief Finance Officer, said: “Our strong NBAPE for the second quarter reflects our dedication to innovation, customer trust, and building a financially secure society.”
With over 1.8 million policyholders and a vast agent network of more than 38,000, Pru Life UK remains a trusted insurance provider.
The company’s focus on digital technology and financial literacy initiatives demonstrates its commitment to meeting evolving customer needs and promoting financial resilience.
