Insular 2017 Logo

What is

in life for good logo
What is inlife

What is INLIFE for Good?

Insular Life is Inlife!

To be Inlife is to be inspired. To be inspired means to be able to enjoy the present while taking charge for what tomorrow may bring.

2017 we celebrated our 107th anniversary, where we officially introduced our newest corporate tagline – Inlife for Good.

Inlife for good is more than a tagline. It is a mirror of what we stand for and what we do as an organization.

As we reflect on our role in the community, these past one hundred years of service have given us the perspective to look through our core and find that our business – that of securing lives, providing peace of mind and security to families over generations -- is inherently good for policyholders, the community, and our country.

We have always shared the bounty of our blessings, the joys of our success and the prosperity of our business to efforts that uplift the individual, the community and the nation, for the common good, for the higher good.

We recognize too, that as a Filipino company, we are here to stay; we are here to journey with our people no matter the circumstances, no matter the challenges, no matter the obstacles. We are here for good.

Insular Life, indeed, is Inlife for Good!

Inlife Background

and Affiliates

Insular Health Care, Inc. (IHCI) is one of the top ten Health Maintenance Organizations (HMOs) in the Philippines in terms of capitalization, comprehensive healthcare packages, and service delivery.

IHCI offers one of the industry’s most comprehensive healthcare programs in the market with the flexibility to meet specific needs of its members. As of end of 2017, it has a provider network of 2,868 hospitals, outpatient facilities, and dental clinics nationwide and 28,886 doctors and medical specialists.

IHCI maintains a dynamic website with an online application, a rate calculator that computes membership fees for individual and family accounts, and payment facilities. Also available in the website are the on-going sales promos, Body Mass Index (BMI) calculator, medical articles and agent application Insular Health Care facility. IHCI also utilizes Short Messaging System broadcast facility and email blast to communicate with members. It is also active in the different social media platforms such as Facebook, Instagram, Twitter and LinkedIn.

IHCI has embarked into a new system development initiative called ISystem. It’s an integrated end-to-end process automation that aims to complement the growing volume of membership and reinforce the service delivery level of the company. This translates to more efficient and expeditious transactions and even provides more online services such as corporate account franchising, channel accreditation, etc. As of end of 2017, IHCI registered a 31% growth in gross revenues and 24% increase in membership base versus end of 2016.

2017 Highlights

  • Gross Revenues stood at ₱389.8 million
  • Net Profit After Taxes of ₱30.8 million
  • Total Assets stood at ₱461.2 million
  • Total Stockholders’ Equity was at ₱224.5 million
  • Retained Earnings posted at ₱127 million
  • Return on Equity stood at 15%

Home Credit Mutual Building and Loan Association Inc., (Insular Home Credit) is a wholly-owned subsidiary of Insular Life that primarily assists its members in availing affordable and low cost housing. In addition, Insular Home Credit offers a high yielding disciplined savings program for its members with the additional benefit of quick access to multi-purpose loans.

In 2017 Insular Home Credit continued its growth in mortgage lending for first time homeowners, more than doubling the prior year’s mortgage receivables. IHC is presently committed to serving all of its members, with exemplary customer service on all its services offered.

2017 Financial Highlights

  • Cash and Cash Equivalents: ₱13.2 million
  • Total Assets: ₱245.7 million
  • Total Equity: ₱123.4 million
  • Total Mortgage and Rent to Own: ₱184.4 million
  • New Members: 1,067
  • Total issued & outstanding preferred B equity shares: 154,561,744

MAPFRE INSULAR is a leading non-life insurer in the country and ranks among the top 10 in terms of earned premiums, net premiums written and investment income. The company is also one the highest capitalized and most solvent non-life insurer in the country. The company was formed out of the alliance between MAPFRE, a leading insurance company in Spain with more than 37 million clients worldwide and business activity in more than 100 countries and Insular Life Assurance Co., Ltd, the Philippines’ largest Filipino-owned life insurer.

MAPFRE INSULAR continued to advance its efforts towards comprehensive transformation pioneered in 2015. The company remained in position on achieving sustainable growth guided by the hallmarks of solvency, integrity, innovation, and exceptional quality of service that are the standard in the global MAPFRE Group.

In 2017, MAPFRE INSULAR carried out significant changes in its operations and administration. The company ventured into the creation of its affinity channel and adopted the MAPFRE global business model: Delegado and Direct Office. These efforts helped the company post a modest growth of 1.1% in sales or ₱2.238 billion gross premiums written in 2017.

The company maintained adherence to MAPFRE values in achieving its objective, continually invested in technology, tightened technical controls, and augmented people skills. These directed the company to turn back from risky practices while promoting welfare of the customers. The Operations group implemented centralized claims handling, reinforced fraud prevention through creation of a dedicated unit and definition of business rules, concentrated repair shops in strategic locations, augmented skills of technical people through series of trainings.

Furthermore, MAPFRE INSULAR sustained its investment portfolio management and generated investment income of ₱131.4 million for the year, a 5% growth from 2016. Consolidated efforts from MAPFRE INSULAR’s commercial, operations and administration contributed to a recorded Net Income of ₱11.8 million.

Key unaudited financial and solvency indicators that demonstrate the strength of MAPFRE INSULAR as one of the most relevant insurance companies in the country:

2017 Financial Highlights

  • Total Assets: ₱4.53 billion
  • Net Worth: ₱1.12 billion
  • Cash and Financial Investments: ₱1.54 billion
  • Risk Based Capital Ratio: 179%
  • Gross Premiums Written: ₱2.238 billion

Other Chapters

InLife and in Business Q&A with Mona Lisa B. dela Cruz

Read More

Making InLife a Force for Good Q&A with Nina D. Aguas

Read More

Corporate Governance

Read More

People and Talent

Read More

Corporate Social Responsibility

Read More

Board of Trustees

Read More


Read More

INLIFE and Ian Neo: Partners for Good

Read More

Winning for Life, Securing More Lives Corporate Sales Division

Read More