{{Short description|Mutual life insurance company in the Philippines}} {{Infobox company | name = The Insular Life Assurance Company, Ltd. | logo = Insular Life new logo.png | logo_size = | logo_caption = | image = | image_size = | image_caption = | trade_name = | native_name = | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}} in native_name = and leave native_name_lang = empty. --> | romanized_name = | former_name = | type = Mutual, limited liability<ref name=EMISProfile>{{cite web|title=Company Profile|url=http://www.securities.com/Public/company-profile/PH/Insular_Life_Assurance_Company_Ltd__en_2624353.html|publisher=Euromoney EMIS|accessdate=1 June 2012}}</ref> | industry = Life insurance | predecessor = <!-- or: | predecessors = --> | founded = Manila, Philippine Islands ({{start date and age|1910|11|25}})<ref name=Kasaysayan>{{cite book|title=Kasaysayan : the story of the Filipino people|year=1998|publisher=Reader's Digest|location=Pleasantville, New York|isbn=9622582338|author=Totanes, Henry|volume=A timeline of Philippine history|editor=Dalisay, Jose Y. Jr.}}</ref> | founder = Antonio Ma. Barretto<br/><small>(Founding President)</small> | defunct = <!-- {{End date|YYYY|MM|DD}} --> | fate = | successor = <!-- or: | successors = --> | hq_location = Insular Life Corporate Centre | hq_location_city = Alabang, Muntinlupa | hq_location_country = Philippines | num_locations = | num_locations_year = <!-- Year of num_locations data (if known) --> | area_served = <!-- or: | areas_served = --> | key_people = Nina Aguas <br/><small>(Chairman)</small> <br/> Raoul Antonio Littaua<br/><small>(President and CEO)</small> | products = | production = | production_year = <!-- Year of production data (if known) --> | brands = | services = Life insurance, health insurance, investment fund, health care, bancassurance | revenue = {{decrease}} {{Philippine peso|18.2}} billion<ref name="2020annualreport"/> | revenue_year = <!-- Year of revenue data (if known) --> | operating_income = | income_year = <!-- Year of operating_income data (if known) --> | net_income = {{decrease}} {{Philippine peso|3.14}} billion<ref name="2020annualreport">{{cite web |url=https://annualreports.insularlife.com.ph/2020/ |title=Power of Purpose |author=Insular Life |date= |website= |publisher= |access-date=April 16, 2022 |quote=}}</ref> | net_income_year = 2020 | aum = <!-- Only for financial-service companies --> | assets = {{increase}} {{Philippine peso|148.7}} billion<ref name="2020annualreport"/> | assets_year = 2020 | equity = {{decrease}} {{Philippine peso|37.1}} billion<ref name="2020annualreport"/> | equity_year = 2020 | owner = Policy holders | members = | members_year = <!-- Year of members data (if known) --> | num_employees = 336 (2019) | num_employees_year = <!-- Year of num_employees data (if known) --> | parent = | divisions = | subsid = {{bulleted list|Insular Health Care, Inc. (100%)|Insular Investment Corporation (100%)|Insular Life Management and Development Corporation (100%)|Unionbank of the Philippines (13.72%)|MAFPRE Insular Insurance Corporation (25%)|PPI Prime Venture, Inc.(30%)}}<ref name="aboutinsular">{{cite web |url=https://www.insularlife.com.ph/about-insular-life |title=Who We Are |author=Insular Life |date= |website= |publisher= |access-date=April 16, 2022 |quote=}}</ref> | module = <!-- Used to embed other templates --> | ratio = <!-- Basel III ratio; used for banks only --> | rating = <!-- Credit rating; used for banks only --> | website = {{URL|http://www.insularlife.com.ph}} | footnotes = }}
'''The Insular Life Assurance Company, Ltd.''' (commonly known by its trade name, '''Insular Life''', and shortened as '''InLife''') is a mutual life insurance company in the Philippines. Established on November 25, 1910, in Manila, it is the first Filipino life insurance company.<ref name=Kasaysayan /><ref name=MB-Ayala>{{cite news|title=Ayala Corporation celebrates its 175th anniversary|url=http://www.mb.com.ph/node/198348|accessdate=1 June 2012|newspaper=Manila Bulletin|date=10 March 2009}}</ref> The company offers individual and group life, health, education and retirement insurance plans. It provides allied financial services such as general insurance, banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous corporate group.<ref name=EMISProfile /><ref name=UBP-Owner>{{cite web|title=Ownership Structure|url=http://www.unionbankph.com/index.php?option=com_content&view=article&id=573&Itemid=322|publisher=Union Bank of the Philippines|accessdate=31 May 2012}}</ref> Insular Life was once a member of the Ayala Corporation until 1987, when it became a mutual company owned by its policyholders.<ref name=PStar-Ledesma>{{cite news|last=Ledesma|first=RJ|title=Always a first|url=http://www.philstar.com/supplements/526150/always-first|accessdate=31 May 2012|newspaper=Philippine Star|date=25 November 2009}}</ref> Its executive chairman of the board is Nina D. Aguas and its chief executive officer is Raoul Antonio E. Littaua.<ref name="Chairman-2018">{{cite news|title=Insular Life names new top-level execs|url=https://businessmirror.com.ph/insular-life-names-new-top-level-execs/|accessdate=2 February 2018|work=BusinessMirror|date=24 January 2018}}</ref><ref name="Insular_President-2021">{{cite web|title=InLife president set to retire June 2021; new president named|url=https://www.sunstar.com.ph/article/1890389/pampanga/business/inlife-president-set-to-retire-june-2021-new-president-named|website=Sunstar.com.ph|date=30 March 2021 |accessdate=24 December 2021}}</ref> As of 2020, it is the tenth largest life insurer in the Philippines in terms of premium income, and fourth in terms of net worth.<ref name="Manila_Times-Premium-2020">{{cite web|title=Insurance Commission releases ranking of life insurance companies as of year-end 2020|url=https://www.manilatimes.net/2021/05/27/supplements/insurance-commission-releases-ranking-of-life-insurance-companies-as-of-year-end-2020/1800759/|website=ManilaTimes.net|date=27 May 2021 |accessdate=24 December 2021}}</ref>
== History == thumb|left|1951 historical marker installed at Insular Life's original headquarters in Makati The firm was established as the first domestic life insurance company in the Philippines with Antonio Ma. Barretto as its founding President. Its first headquarters were located at the Lack and Davies Building in Manila's Echague district. In 1934, it inaugurated its first building in Binondo, Manila. Insular Life established an overseas branch in Honolulu in 1934, and its first district office in Cebu City in 1938. During the Second World War, the company continued operations and took over the business of the Filipinas Life Assurance Company. The Philippines business of the Occidental Life Insurance Company of California was acquired by the company in 1954. A few years later in 1958, it introduced industrial life insurance in the Philippines.<ref name="Historical_Marker-2010">{{Cite sign |title= Insular Life |date=2010 |type=Historical Marker|publisher =National Historical Commission of the Philippines|location=Insular Life Corporate Center, Muntinlupa, Philippines|access-date=24 December 2021|url=https://en.wikipedia.org/wiki/File:Insular_Life_historical_marker.jpg}}</ref>
== Office Buildings == thumb|240px|The former headquarters of Insular Life in Makati
=== Muntinlupa === It is currently headquartered at the Insular Life Corporate Centre (ILCC) building in Filinvest City, Alabang, Muntinlupa. Designed by the Japanese firm, Takenobu Mohri Architects and Associates, the ILCC was inaugurated in 2001. The building is a two-tower structure connected by a podium, which houses a 500-seat auditorium.
=== Makati === Previously, it held its main corporate offices at the Insular Life Building in Makati. That building was built in 1962 and was the first to surpass the 30 meter height restriction in the Philippines.<ref name="Lico_History">{{cite web|last=Lico|first=Gerald|title=A Brief history of Philippine architecture|url=http://www.facebook.com/photo.php?fbid=481932328495968&set=a.355958817759987.82828.162985620390642|work=Arkitektura Philippines Facebook Page|accessdate=23 March 2013}}</ref> It had a gently curving façade entirely covered by narrow vertical aluminium projections that were set close together within square modules to conceal the curtain wall behind it.<ref>{{Cite book|title = Arkitekturang Filipino: A History of Architecture and Urbanism in the Philippines|last = Lico|first = Gerard|publisher = The University of the Philippines Press|year = 2008|isbn = 978-971-542-579-7|location = Quezon City|pages = 432}}</ref> Originally designed by Cesar Concio, the building was controversially redeveloped in 2005 with a design by Takenobu Mohri Architects and Associates, and again in 2015 by Casas Architects.<ref name="AlcazarenP">{{cite news|last=Alcazaren|first=Paulo|title=Makati Memories|url=http://www.newsflash.org/2002/11/ht/ht003002.htm|accessdate=23 March 2013|newspaper=Philippine Star / Newsflash|date=30 November 2002}}</ref><ref name="Mohri_AA">{{cite web|last=Mohri Architects and Associates|title=Projects|url=http://www.mohri-aa.co.jp/|accessdate=23 March 2013}}</ref>
=== Cebu City === It also maintains a corporate building at the Cebu Business Park designed by Jose Mañosa.
==Corporate Group== thumb|right|240px|Historical Marker in the corporate headquarters.
The members of the Insular group of companies as of 2025 are:
'''Holding Company''' *The Insular Life Assurance Company, Ltd. (Life Insurance underwriting) '''Subsidiaries''' *InLife Benefits Insurance Company, Inc. (Group insurance, acquired in 2025, formerly Generali Philippines) *Insular Investment Corporation (Investment banking) *Insular Life Management and Development Corporation (Management services) **ILAC General Insurance Agency (General agency)
'''Affiliates''' *Maria Health (Health/HMO marketing)<ref name="Maria-Health-2021">{{cite web|last1=Reyes|first1=Robert|title=Insular Life invests in Maria Health to accelerate digital adoption|url=https://mb.com.ph/2021/11/19/insular-life-invests-in-maria-health-to-accelerate-digital-adoption/|website=MB.com.ph|date=19 November 2021 |accessdate=24 December 2021}}</ref> *PPI Prime Venture (Real estate) *Union Bank of the Philippines (Universal banking and Bancassurance partner)
'''Social Commitment''' *Insular Foundation
'''Former Subsidiaries and Affiliates''' *Insular Health Care, Inc. (Health/HMO, until 2025, sold to Value-Based Health Care of Singapore) *Mapfre Insular Insurance (Non-life Insurance underwriting, until 2023, sold to Oona Insurance) *Hawaiian Life Insurance Company (Until 1955, acquired by the American General Life Insurance Company) *Insular Savings Bank (Until 2005, acquired by Citibank Philippines) *HomeCredit Mutual Building and Loan Association
==References== <references />
Category:Financial services companies established in 1910 Category:Mutual insurance companies Category:Companies based in Muntinlupa Category:Life insurance companies of the Philippines