Sun Life pays out P2 billion in claims as of end-May

MANILA, Philippines — Sun Life of Canada (Philippines) Inc. has released more than P2 billion in claims in the first five months of 2026, as well as P1.4 billion in policy maturities, keeping its commitment to its clients.

In a statement, the insurer said this followed the disbursement of more than P5.25 billion in claims in 2025, providing financial support to clients when they needed it most.

The total amount comprises claims paid across Sun Life’s individual and group insurance businesses, as well as its bancassurance operations through Sun Life Grepa Financial Inc. throughout 2025.

The firm also paid P3.17 billion in policy maturities in the past year.

“Every claim we pay represents a promise fulfilled to a client or family who counted on us during an important moment in their lives,” Sun Life Philippines country head and CEO JJ Moreno said.

“It reflects our commitment to providing financial support when it matters most,” Moreno added.

Sun Life said claims and maturity payments reflect the company’s enduring role in providing financial support and peace of mind through life’s important moments.

The insurer booked P61.81 billion premium income as of end-December 2025, according to its unaudited financial statement posted on the Insurance Commission’s website. It also reported a net income of P10.23 billion last year.