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Date: Oct. 13, 2023, 10:47 a.m.

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Date: 2023-10-16 14:09:07.000000

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Date: 2023-10-17 10:34:26.000000

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Financial Ratios of certain Life Insurance Companies in PH

Published by Insurance Commission(IC) on Oct. 13, 2023.
Requested from IC by M. De Los Reyes at 10:47 AM on Oct. 13, 2023.
Purpose: Data are needed for analysis which will be used for strategic management paper in MBA studies
Date of Coverage: 01/31/2019 - 12/31/2022
Tracking no: #IC-460777796742

M.DE LOS REYES Oct. 13, 2023, 10:47 a.m.

Hi! I would like to request for information regarding specific financial ratios of Manulife Philippines, Allianz PNB and AIA Philippines from 2019 to 2022. This information will be used for my strategic management paper in my MBA studies. Data for the following ratios are needed for analysis: 1) Current Ratio 2) Total Debt-to-Total-Assets Ratio 3) Total Debt-to-Equity Ratio 4) Total Assets Turnover 5) Gross Profit Margin 6) Net Profit Margin 7) Return on Assets (ROA) 8) Return on Equity (ROE) Thank you.

E.IGNACIO Oct. 16, 2023, 2:09 p.m.

October 16, 2023 Dear Ms. De Los Reyes, Thank you for your request dated Oct 13, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Financial Ratios of certain Life Insurance Companies in Philippines. We received your request on Oct 13, 2023 and will respond on or before Nov 03, 2023 10:47:46 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTQ2MDc3Nzc5Njc0Mgw, for request with ticket number #IC-460777796742. Thank you. Respectfully, Edmar Ignacio FOI Officer

A.VINZON Oct. 17, 2023, 10:34 a.m.

October 17, 2023 Dear Ms. De Los Reyes, Greetings! Thank you for your request dated Oct 13, 2023 10:47:46 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your Request You asked for Financial Ratios of certain Life Insurance Companies in Philippines. Response to Request In relation to your request, please be informed of the following as advised by our Life/MBAs/Trust Division: Our Life/MBAs/Trust Division does not conduct ratio analysis nor do insurance companies include financial ratios (such as current ratio, total debt-to-total-assets ratio, total debt-to-equity-ratio, total assets turnover, gross profit margin, net profit margin, return-on-assets and return-on-equity) in the annual statements they submit to us; hence, we have no data. Moreover, said Division, in determining the compliance of life insurance companies with the existing statutory requirements, measures and computes for the (1) Net Worth and (2) Risk-Based Capital Ratio of life insurance companies, pursuant to Section 194 of the Amended Insurance Code. For further inquiries, you may contact our Life/MBAs/Trust Division at 8523 8461 local 108/109. For your information and guidance. If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by email at [email protected]. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request. If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011). The quality of services you deserve matter to us. To help the Insurance Commission monitor the progress in improving its services, we appreciate accomplishing the Customer Satisfaction Surveys (CSS) through the following link: https://bit.ly/ICCustomerSatisfactionSurvey Thank you. Respectfully, Atty. Albert Lawrence Vinzon FOI Decision Maker

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