Leading the nation's life industry with 30% share of total premiums, Philamlife insures over a million policyholders. It has the most extensive network of more than 200 offices throughout the Philippines, over 8,000 sales agents and 1,000 employees. It offers the most comprehensive range of insurance products and services.

Through the years, Philamlife has effectively fulfilled its dual role of providing financial protection to its policyholders, and helping in capital formation by converting insurance premiums into investments.

Philamlife was founded in 1947 by Cornelius V. Starr and Earl Carroll, two visionary men who set out to help revive the post-war Philippine economy utilizing Filipino resources and self-reliance. Through a nationwide campaign named "House of Savings", the Company effectively tapped the resources of individual families and built up a reservoir of capital that was channeled into various industries and sectors, thus, helping spur the growth of the economy.

Philamlife attributes its success to its people - composed of more than a thousand employees who deliver efficient and quality service to its various publics, and the 6,000-strong agency force which brings all financial services directly to the Filipino. Its dynamic and customer-oriented organization is led by a Filipino management team who share the Company's dedication to excellence and quality. The Company earned the rare distinction of being adjudged a winner for two consecutive years in the prestigious Asian Management Awards - in General Management in 1992 and in Financial Management in 1993 - evidenceof its professional management and leadership.

Philamlife leads the Philippine insurance industry in public and private sector investments. As a major provider of long-term funds, Philamlife supports worthy projects through direct equity or loan investments. It provides commercial loans to corporate clients to finance working capital requirements, plant expansion and modernization programs in key industries - food, beverage, manufacturing, transportation, telecommunications, pharmaceuticals and banking.

Philamlife's strategic investments in road infrastructure, power generation and export-oriented industries have hastened national and economic development. One of its major investment projects is the Bauang Power Plant, which helped provide adequate power and energy to an industrializing economy.

Philamlife is one of the major partners in the development of the Light Industry & Science Park of the Philippines (LISP). LISP is the first industrial estate for the purpose of selling/leasing industrial sites and factory buildings for science and technology-based industries, which provide thousands of jobs for Filipino workers and millions of pesos in export revenues annually.

The Company also reaches out to individuals' financial needs by offering one of the best residential housing loan programs through its long-term fixed-rate mortgage loans. It has also extended over P1.3 billion to public school teachers for their children's educational needs as well as to help fund small-scale livelihood programs.

All these endeavours enable the Company to participate more actively in the task of nation- building and development.

Philamlife has always lived up to its role as a good corporate citizen. The birth of Philam Foundation in 1997 memorializes the Company's commitment to improve the quality life of the Filipino. The Foundation's major thrusts include human resource development, skills building and training, and education and health care programs. Major beneficiaries include the Punlaan School, Mt. Pinatubo Skills Training Center and DualTech Training Center.

Punlaan School provides less privileged young women with livelihood and employment skills, and proper work attitudes and values that contribute to their economic, social, human, and spiritual upliftment. For schoolyears 1997 to 1999, Philam Foundation sponsored a batch of 39 scholars in Food & Beverage Services. The scholars were immediately hired by hotels and restaurants upon finishing the program.

The Mt. Pinatubo Skills Training Center was established to equip the victims of the 1991 Mt. Pinatubo eruption with skills needed to pursue employment and to help in the rehabilitation of their livelihood. Philam Foundation donated high-speed sewing machines to the Training Center. For school years 1996 to 1998, the Foundation sponsored the training of over 600 beneficiaries who are now employed at various firms in the Clark Special Economic Zone and other garment-manufacturing firms in Pampanga and Bulacan.

DualTech Training Center provides male high school graduates from poor communities with the necessary technical skills for eventual employment in manufacturing industries. In 1998, Philam Foundation sponsored one batch of scholars to the Basic Skill Training Program in Electromechanics.

VISION

We will always be the leader in the life insurance industry in the Philippines, able to provide a diversified and comprehensive range of quality and innovative products and services that are responsive to all customers' financial needs.

To our policyholders and clients, we will be the standard of efficiency, excellence and integrity in the industry.

We will be a stable, continuously growing and highly profitable company, judiciously utilizing our resources in fulfillment of our commitments to our stakeholders. We are committed to actively participate in nation-building and to ultimately contribute to the improvement of the quality of life for every Filipino.

MISSION

Towards this end, we shall endeavor to build a well-trained, competent, and customer-oriented agency and employee force, maintain and nurture a working environment that provide competitive financial compensation, and promote opportunities for professional enrichment and advancement.

We shall be guided in our endeavors by our corporate values: excellence, integrity, customer orientation, teamwork and concern for people.