In 2013, the PhillipCapital Group, a global financial institution whose headquarters have been in Singapore since 1975, became a major shareholder, holding 98.75% of Finansa Life’s stake, and changed the company name to Phillip Life Assurance Public Company Limited in 2014.
The PhillipCapital Group of companies spans 15 countries and offers a comprehensive suite of financial services, including equities, derivatives, fixed income, bonds, unit trusts, real estate, fund management, banking, and insurance. With shareholders’ equity greater than US $1.5 billion and global assets under custody or management of more than US $35 billion, the group has been profitable each year since its founding. The group is also privately held with no long-term debt.
In Thailand alone, Phillip Life Assurance Public Company Limited joins the network of PhillipCapital Group as the newest member, along with Phillip Securities Thailand and Phillip Capital Asset Management, already established here since 1999. The synergies we hope to create in this network of companies will allow us to provide the customer with a truly comprehensive and wholistic financial service that includes investment, fund management, and insurance.
Phillip Life Assurance Public Company Limited has been growing continuously with a CAGR of 38.5% for total gross premiums during 2016-2020. Today, Philliplife serves all segments of customers, primarily in Bangkok and the surrounding regions across Thailand.
