August 22, 2017 2:04 PM ET

Insurance

Company Overview of Philippines AXA Life Insurance Corporation

Company Overview

Philippines AXA Life Insurance Corporation provides life insurance services to customers in the Philippines. It offers its products to save and invest for the future, plan for child's education, protect from major health costs, and protect income. Philippines AXA Life Insurance Corporation was founded in 1962 and is based in Makati City, the Philippines with branch offices throughout the Philippines.

Ground Floor

Philippine AXA Life Centre

Senator Gil Puyat Avenue corner Tindalo Street

Makati City,  2390

Philippines

Founded in 1962

Phone:

63 2 885 0101

Fax:

63 2 844 2105

Key Executives for Philippines AXA Life Insurance Corporation

Chief Executive Officer and President
Chief Financial Officer and Director
Age: 46
Director and Chief Executive Officer for Asia Life Insurance
Age: 42
Chief Bancassurance Officer and Director
Treasurer and Director
Compensation as of Fiscal Year 2017.

Philippines AXA Life Insurance Corporation Key Developments

Philippines AXA Life Insurance Corporation Reports Earnings Results for the First Half of Ended June 30, 2017

Philippines AXA Life Insurance Corporation reported earnings results for the first half of ended June 30, 2017. For the period, the company reported total sales in annualized premium equivalent grew 28% to PHP 3.0 billion from PHP 2.3 billion in the first half of 2016. Consolidated life and general insurance total premium income increased by 21% from PHP 12.0 billion in the first half of 2016 to PHP14.5 billion in the first half of 2017. The company reported 61% growth in consolidated net income from PHP 620 million to PHP 1.0 billion in the first half of 2017.

Philippines AXA Life Insurance Corporation Announces Earnings Results for the First Quarter Ended March 2017

Philippines AXA Life Insurance Corporation announced earnings results for the first quarter period from January to March 2017. The company’s total sales in annualized premium equivalent from January to March 2017 grew a noteworthy 39% to PHP 1.5 billion from PHP 1.1 billion in 2016. Total premium revenues amounted to PHP 5.7 billion. Regular premium income increased by a noteworthy 27% year-on-year, while single premium income rose a significant 34%. AXA Philippines' net income, reflecting the correspondingly high growth in new business investment, was able to grow by 10% year-on-year to PHP 427.7 million in the first quarter of 2017.

Philippines AXA Life Insurance Corporation Reports Consolidated Earnings Results for the Year of 2016

Philippines AXA Life Insurance Corporation reported consolidated earnings results for the year of 2016. For the year, the company booked total life insurance premium income of PHP 21.6 billion. Total premium revenues, inclusive of Charter Ping An Insurance Corporation from April 2016 onwards, grew 10% from PHP 22.8 billion in 2015 to PHP 25.2 billion in 2016. The company achieved net income of PHP 1.1 billion for the period. Improvement in regular premium contributed to the company's financial performance.

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