News Reinsurance28 Jun 2019

Philippines' national reinsurer augments income by 80%

Nat Re president and CEO Allan Santos

Riding on an underwriting profit of PHP153m ($2.98m), National Reinsurance Corporation of the Philippines (Nat Re) posted PHP149m in net income in 2018. This marks the reinsurer's fourth straight year of positive underwriting profits and PHP389m in realised investment income. The reinsurer has attributed its profitability to an improvement in its bottom life as well as top line.

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