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Poster showing Sunlife's thank you message for being the No. 1 Life Insurance company for 13 consecutive years now

Insurance Commission names Sun Life the no. 1 life insurance company for 13th straight year

Here’s a clear example of what “continued excellence” can do for you.

According to a 2023 report released by the Insurance Commission, Sun Life of Canada (Philippines), Inc. continues to reign as the no. 1 life insurance company in the country — a feat that it has held on to for 13 consecutive years now after garnering PHP 55.79 billion in total premium income.

The report was based on the submitted unaudited Quarterly Report on selected financial statistics.

In the same report, Sun Life also ranked no. 1 in total assets with PHP 306.33 billion, and net income with PHP 8.79 billion.

“Being consistently no. 1 means that our clients continue to trust us to help them secure a brighter future for themselves and their loved ones,” said Benedict Sison, CEO and Country Head of Sun Life Philippines.

“It is a privilege to be their chosen partner in their financial journey, and we will continue to honor their confidence by serving them with excellence,” he added.

This milestone comes right on the heels of Sun Life’s 129th anniversary, making it the first and longest-standing life insurance company in the Philippines.

As a further testament to its dedication to delivering excellence, the company also received accolades from regional award-giving bodies.

Sun Life was recently recognized as one of the “Industry Champions of the Year” at the Asia Corporate Excellence and Sustainability (ACES) Awards.

It was also bestowed with the “Corporate Excellence Award” at the Asia Pacific Enterprise Awards (APEA), which it won for demonstrating effective talent mobilization and organizational capability that deliver consistent business results while remaining aligned with the company’s purpose.

“We would not be where we are today if not for the passion and dedication of our advisors and employees,” Sison added.

“We would like to thank them for their commitment to our mission of helping Filipinos achieve lifetime financial security and live healthier lives.”

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Ralph Fajardo

Ralph, the Editor-in-Chief of FintechNewsPH.com, brings over 15 years of writing and editorial experience that make him a strong fit to lead the publication’s mission of delivering credible and compelling fintech stories. Before joining FintechNewsPH.com, he served as editor of Hello Philippines, a UK-based news magazine for the Filipino community abroad, where he covered stories on culture, business, and the global Filipino experience. He also contributed as a writer for The International Filipino, profiling Filipinos making an impact worldwide, and later worked as a copy editor for Malaya Business Insight, one of the country’s respected business newspapers, where he refined his eye for accuracy, clarity, and style. Ralph’s editorial journey began at the University of the Philippines Diliman, where he was Editor-in-Chief of Kampus Dyornal. There, he developed a keen sense for storytelling that informs and connects — a passion that continues to define his work today. Through the years, Ralph has written across diverse subjects, from finance and technology to culture and communication, consistently weaving insight with narrative depth. His solid newsroom background and commitment to quality journalism position him to guide FintechNewsPH.com in highlighting the stories that shape the country’s rapidly evolving fintech landscape. Discover more about Ralph's professional journey on his LinkedIn profile.