AIA Philippines President and CEO Melita Teo (center, 6th from right) and Bacolod Councilor Kalaw Puentebella (center, 6th from left) officiate the opening of the new AIA Philippines branch in Bacolod City with a ribbon-cutting ceremony.

Also present were: (L-R) Jennifer May Santos, Associate Director, AIA Philippines Agency Business Development; Maria Christina Helena Samaniego, AIA Philippines Chief Risk Officer; Atty. Carla Domingo, AIA Philippines Chief Legal Officer and Corporate Secretary; Judy San Jose, AIA Philippines Chief Technology and Operations Officer; Sharon Khor, AIA Regional Chief Technology Officer; (5th from right) Vincent Chong, AIA Philippines Chief Agency Officer; Gary Ogilvie, AIA Philippines Chief Financial Officer; Julian Mengual, MediCard CEO; Nancy Manansala, AIA Philippines Associate Director for Corporate Solutions; and Celeste Leonardia, AIA Philippines Senior Manager for Agency Development

BACOLOD CITY, PHILIPPINES, November 6, 2024 – AIA Philippines Life and General Insurance Company, Inc. (AIA Philippines), formerly Philam Life, announced the inauguration of its newest branch in Bacolod City, further expanding its footprint in the Visayas region.

This expands AIA Philippines' nationwide network and underscores the company's commitment to providing life and health protection to more Filipinos, helping them live healthier, longer, and better lives.

Located over 700 kilometers south of Manila, Bacolod City is known as the City of Smiles, and one of the rising economic powerhouses in the country. Recently named the Most Business-Friendly Local Government Unit in Provincial Highly Urbanized Cities Category, Bacolod represents a key market for AIA Philippines. As the city flourishes, so does the demand for comprehensive financial security and health insurance products.

"This new branch signifies our dedication to Bacolod’s growth and our mission to support Filipinos across Visayas," said AIA Philippines President and CEO Melita Teo.

"As the needs of Filipinos evolve, AIA Philippines continues to innovate our suite of solutions and services to meet those needs. This branch equips and empowers our agency force in the city, helping individuals and families live healthier, longer, and better lives in a constantly changing world."

AIA’s Bacolod branch will contribute to local job creation by housing a team of highly trained agents who provide financial advice and support, guiding clients in selecting the right protection plans tailored to their unique needs—contributing to the financial security of the city’s growing population.

With over 75 years of experience serving Filipinos through insurance protection, AIA Philippines remains committed to understanding evolving needs, and empowering individuals and families across the country. The company offers a wide range of insurance solutions that can help more Filipinos achieve their goals, protect themselves and their loved ones, and secure their future.

To know more about AIA Philippines, visit https://www.aia.com.ph.

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About AIA Philippines

AIA Philippines (AIA Philippines Life and General Insurance Company, Inc.) is one of the country’s largest life insurance companies. Originally established on 21 June 1947 as Philam Life (The Philippine American Life and General Insurance Company), AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises. Today, AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group, which operates in 18 markets across the Asia-Pacific region.

AIA Philippines has PHP266.75 billion in total assets and PHP72.54 billion in net worth1 as of 31 December 2023 while serving nearly 1,200,000 individual policyholders and almost 1,000,000 insured group members.

Based on the Insurance Commission results as of 31 December 2023, the combined total premium income of AIA Philippines and BPI AIA was at PHP27.93 billion.

AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. Its subsidiaries include BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation), its bancassurance arm; AIA Investment Management and Trust Corporation Philippines, its trust company managing its local funds; and MediCard Philippines, its wholly owned health maintenance organization (HMO) company.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR², Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR³, and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$286 billion as of 31 December 2023.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and over 18 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

For more information:
Michelle Velete
Communications Lead
AIA Philippines
michelleelaine.velete@aia.com

Andrea Suarez
Media Relations Manager
Ogilvy Philippines
andrea.suarez@ogilvy.com

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¹ Based on the 2023 annual accounts Securities and Exchange Commission (SEC) filing.
² Hong Kong SAR refers to the Hong Kong Special Administrative Region.
³ Macau SAR refers to the Macau Special Administrative Region.