Insular Life Assurance Co. Ltd. (InLife) booked a double-digit growth in its consolidated net income in 2019, on the back of the company’s earnings from its investments, various businesses and lower operational costs. In a statement, InLife said consolidated net income increased to P4.85 billion from P3 billion year-on-year. Consolidated member’s equity or net worth likewise went up by 8.4 percent to P43.92 billion from 40.51 billion in 2018. On the other hand, consolidated assets was at P143.2 billion, a 6-percent increase from P135.1 billion in the previous year. In 2019, the company launched innovative products catering to the needs of different markets known as SheCares, a 3-in-1 solution that addresses the unique health, protection and investment needs of women.

Source: Manila Times April 26, 2020 15:56 UTC