MUNTINLUPA CITY — Insular Life (InLife), the first and largest Filipino life insurance company, has announced its acquisition of 100% shareholdings of Generali Life Assurance Philippines, Inc.
The move aligns with InLife’s strategic vision of enhancing its market position and broadening its capabilities. It is expected to bring about key business synergies, reinforce distribution strength, and expand the company’s end-to-end corporate product suite.
“This acquisition is a proud moment for InLife as it demonstrates our capability and resolve to further expand and innovate while remaining steadfast to our mission of serving the insuring public. This also underscores InLife’s enduring strength as a 114-year-old proud Filipino company, highlighting our solid financial foundation, equity position, and strong risk-based capital,” said InLife executive chairperson Nina D. Aguas. “As a homegrown company acquiring a foreign entity, we see this as a strategic step to cement our position as a leader in the life insurance industry. Moving forward, InLife is committed to scaling new heights in delivering exceptional value to our policyholders and the communities we serve.”
The integration will also capitalize on the combined expertise of both organizations’ teams, enabling InLife to deliver world-class insurance solutions and services to its policyholders and stakeholders.
With its exit from the Philippine scene, Generali announced it will focus on markets where it holds a leading presence.
The transaction is expected to be completed by the first half of 2025, subject to the necessary regulatory approvals.
