NOTES 2014

ASSET
CASH AND CASH EQUIVALENTS 5 886,643,838
REINSURANCE BALANCES RECEIVABLE - Net 6 5,175,072,044
AVAILABLE-FOR-SALE FINANCIAL ASSETS 7 6,107,737,706
LOANS AND RECEIVABLES 8 322,338,295
PROPERTY AND EQUIPMENT - Net 9 76,346,345
DEFERRED ACQUISITION COSTS 2 49,322,031
DEFERRED REINSURANCE PREMIUMS 10 142,058,572
OTHER ASSETS 11 344,446,320

TOTAL ASSETS ₱13,103,965,151

TOTAL PERCENTAGE

LIABILITIES AND EQUITY

REINSURANCE BALANCES PAYABLE 6 P 6,974,870,479
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 12 151,554,847
RESERVE FOR UNEARNED REINSURANCE PREMIUMS 10 411,855,614
DEFERRED REINSURANCE COMMISSIONS 2 10,767,573

TOTAL LIABILITIES 7,549,048,513

EQUITY 18 5,554,916,638

TOTAL LIABILITIES AND EQUITY P 13,103,965,151

TOTAL PERCENTAGE
 2013 PESO CHANGE PERCENTAGE

605 ,045,799 ₱281,598,039.00 47%

6,548,123,440 -₱1,373,051,396.00 -21%
6,391,696,049 -₱283,958,343.00 -4.44
320,047,429 ₱2,290,866.00 0.72%
102,753,246 -₱26,406,901.00 -25.70%
85,207,534 -₱35,885,503.00 -42.12%
218,898,489 -₱76,839,917.00 -35.10%
329,960,974 ₱14,485,346.00 4.39%

₱14,601,732,960 -1,497,767,809 -10.26%

100%

P 8,210,083,119 -1,626,769,769 19.81%

137,729,054 13,825,792 10.04%
541,893,656 -130,008,042 -24.00%
23,587,283 -12,819,710 -54.35%

8,913,293,112 -1,364,244,599 -15.31%

5,688,439,848 -133,523,210 -2.35%

P 14,601,732,960 -1,497,767,809 -10.26%

100.00%
 NOTES 2014
ASSET
CASH AND CASH EQUIVALENTS 5 ₱886,643,838.00
REINSURANCE BALANCES RECEIVABLE - Net 6 5,175,072,044
AVAILABLE-FOR-SALE FINANCIAL ASSETS 7 6,107,737,706
LOANS AND RECEIVABLES 8 322,338,295
PROPERTY AND EQUIPMENT - Net 9 76,346,345
DEFERRED ACQUISITION COSTS 2 49,322,031
DEFERRED REINSURANCE PREMIUMS 10 142,058,572
OTHER ASSETS 11 344,446,320
TOTAL PERCENTAGE
TOTAL ASSETS ₱13,103,965,151.00

LIABILITIES AND EQUITY

REINSURANCE BALANCES PAYABLE 6 ₱69,748,705
ACCOUNTS PAYABLE AND ACCRUED EXPENSES 12 ₱151,554,847
RESERVE FOR UNEARNED REINSURANCE PREMIUMS 10 ₱411,855,614
DEFERRED REINSURANCE COMMISSIONS 2 ₱10,767,573

TOTAL LIABILITIES ₱7,549,048,513

EQUITY 18 ₱5,554,916,638

TOTAL LIABILITIES AND EQUITY ₱13,103,965,151

TOTAL PERCENTAGE
PERCENTAGE 2013 PERCENTAGE

6.77% 605 ,045,799 4.14%

39.50% 6,548,123,440.00 44.80%
46.61% 6,391,696,049.00 43.78%
2.46% 320,047,429.00 2.19%
0.59% 102,753,246.00 0.70%
0.38% 85,207,534.00 0.59%
1.08% 218,898,489.00 1.50%
26.27% 329,960,974.00 2.25%
100% 100%
₱14,601,732,960.00

53.23% ₱82,100,831 0.56

1.16% ₱137,729,054 0.94
3.14% ₱541,893,656 3.71
8.21% ₱23,587,283 0.16

57.61% ₱8,913,293,112 61.04

42.39% ₱5,688,439,848 38.96

₱14,601,732,960
100% 100%
REINSURANCE PREM NOTES 2014 2013
Reinsurance premiu 19 ₱2,747,078,557 ₱2,561,126,445
Retroceded premiums 19 1,724,793,648 1,741,505,765

Reinsurance premiums retained 1,022,284,909 819,620,680

Decrease (increase) in 10 53,198,125 10,936,328
1,075,483,034 830,557,008

UNDERWRITING DE 14
Share in claims and losses 1,081,572,704 662,547,481
Commissions - net 365,604,406 289,904,723
1,447,177,110 952,452,204

NET UNDERWRITING LOSS -371,694,076 -121,895,196

INVESTMENT AND O 13 433,166,382 664,399,633
PROFIT AFTER INVESTMENT AND OTHER 61,472,306 542,504,437
GENERAL AND ADM 15 300,183,899 468,494,074
PROFIT (LOSS) BEFORE TAX -238,711,593 74,010,363
TAX EXPENSE 17 48,178,004 55,281,861

NET PROFIT(LOSS) -₱286,889,597.00 18,728,502

Earning (loss) Per Sha 22 (P 0.14)

PESO CHANGE PERCENTAGE CHANGE 2013 2012
₱185,952,112 7.26% ₱2,561,126,445 ₱3,025,410,991
-₱16,712,117 -0.96% 1,741,505,765 2,246,692,148

₱202,664,229 24.73% 819,620,680 778,718,843

₱42,261,797 386.43% 10,936,328 -945,578
₱244,926,026 29.49% 830,557,008 777,773,265

₱419,025,223 63.24% 662,547,481 843,897,848

₱75,699,683 26.11% 289,904,723 298,907,847
₱494,724,906 51.94% 952,452,204 1,142,805,695

-₱249,798,880 204.93% -121,895,196 -365032430

-₱231,233,251 -34.80% 664,399,633 702,151,965
-₱481,032,131 -88.67% 542,504,437 373,119,535
-₱168,310,175 -35.93% 468,494,074 236,752,181
-₱312,721,956 -422.54% 74,010,363 100,367,354
-₱7,103,857 -12.85% 55,281,861 66,272,420

-₱305,618,099 -1631.83% 18,728,502 34,094,934

PESO CHANGE PERCENTAGE CHANGE
-₱464,284,546 -15.35%
-505,186,383 -22.49%

40,901,837 5.25%
11,881,906 -1256.58%
52,783,743 6.79%

-181,350,367 -21.49%
-9,003,124 -3.01%
-190,353,491 -16.66%

243,137,234 -66.61%
-37,752,332 -5.38%
169,384,902 45.40%
231,741,893 97.88%
-26,356,991 -26.26%
-10,990,559 -16.58%
0
-15,366,432
REINSURANCE PREMNOTES 2014
Reinsurance premiu 19 ₱2,747,078,557.00
Retroceded premiums 19 1,724,793,648

Reinsurance premiums retained 1,022,284,909

Decrease (increase) in 10 53,198,125
1,075,483,034

UNDERWRITING DE 14
Share in claims and losses 1,081,572,704
Commissions - net 365,604,406
1,447,177,110
-371,694,076
NET UNDERWRITING LOSS
INVESTMENT AND O 13 433,166,382
PROFIT AFTER INVESTMENT AND OTHER INCO 61,472,306
GENERAL AND ADM 15 300,183,899
PROFIT (LOSS) BEFORE TAX -238,711,593
TAX EXPENSE 17 48,178,004

NET PROFIT(LOSS) -₱286,889,597.00

Earning (loss) Per Shar 22 -₱0.14

TOTAL PERCENTAGE
NET SALES 6,715,819,261
PERCENTAGE 2013 PERCENTAGE
#NAME? ₱2,561,126,445.00
25.68255012 1,741,505,765 24.85%

15.22% 819,620,680 11.69%

0.79% 10,936,328 0.16%
16.01% 830,557,008 11.85%

16.10% 662,547,481 9.45%

5.44% 289,904,723 4.14%
21.55% 952,452,204 13.59%
-5.53%
-121,895,196 -1.75%
6.45% 664,399,633 9.48%
0.92% 542,504,437 7.74%
4.47% 468,494,074 6.68%
-3.55% 74,010,363 1.06%
0.72% 55,281,861 0.79%

-4.27% 18,728,502 0.27%

-₱0.01
100% 100%
7,009,047,863
 2012 PERCENTAGE
₱3,025,410,991.00
2,246,692,148 31.21%

778,718,843 10.82%
-945,578 -0.01%
777,773,265 10.80%

843,897,848 11.72%
298,907,847 4.15%
1,142,805,695 15.87%

-365 032,430 -5.07%

702,151,965 9.75%
373,119,535 5.18%
236,752,181 3.29%
100,367,354 1.39%
66,272,420 0.92%

34,094,934 0.47%

-₱0.02
100.00%
7,199,576,027