A Trusted Name in Life Insurance
GREPALIFE (Great Pacific Life Assurance Corporation) has been part of many Filipino families’ important life moments since 1954. Its vast range of products and services has satisfied the varying needs of more than 1.5 million Filipinos for more than 50 years now.
Ranked among the country’s top 10 life insurance companies, GREPALIFE attained P1.13 billion in gross premiums in 2006. In the same year it registered a net income of P717 million which is a 156% growth compared to 2005 and 239% versus 2004. It has a net asset value amounting to P6.7 billion and stockholder’s equity of P3.3 billion in 2006.
GREPALIFE has a wide network of 50 branches and regional offices all over the country. This is complemented by 1,500 professional sales associates and 400 employees nationwide.
A Member of the Yuchengco Group of Companies
GREPALIFE is the flagship life insurance firm of the Yuchengco Group of Companies (YGC), one of Southeast Asia’s largest conglomerates. To date, YGC has over 35 companies. Its business interest spans varied industries such as banking, insurance, automotive vehicles, travel and tourism, construction, engineering, information technology and educational institution.
Its top 6 companies accumulated a total asset worth Php 264 billion with Php 4.5 billion in total revenues. Aside from GREPALIFE, many of the YGC companies are considered as industry leaders namely: Rizal Commercial Banking Corporation (RCBC), the fourth largest bank in the country; Malayan Insurance Company, Inc., the number one non-life insurance company; Engineering Equipment, Inc. Corporation (EEI Corp.), a known name in major construction projects in the Philippines and abroad; and Grepalife Asset Management Corporation (GAMC), fund manager of two of the best performing bond funds in the country.
The Yuchengco name is highly regarded for its philanthropic work through the A.Y. Foundation Inc. The social development arm of YGC, was established in 1970 with over 6,000 scholars since then.