Insurance Commission

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    Date: 2023-12-14 16:05:18.184147

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    Date: 2023-12-15 12:01:13.219669

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3-year Annual Financial Statements (2022 AFS, 2021 AFS, 2020 AFS) of Non-Life Insurance Companies

Requested from IC by M. Jalandoni at 04:05 PM on Dec 14, 2023.
Purpose: Research and Benchmarking
Date of Coverage: 12/31/2020 - 12/31/2022
Tracking no: #IC-087180823786

Jalandoni 04:05 PM, Dec 14, 2023

Dear Sir/Ma'am:

May we request for the latest 3-Year Annual Financial Statement (2022 AFS, 2021 AFS, 2020 AFS) of the top 20 Non-Life Insurance Companies in the Philippines which will be used for our research and benchmarking such as the following companies? 

Thank you and we hope to hear back from you soon.

Ng 12:01 PM, Dec 15, 2023

December 15, 2023

Dear Ms. Jalandoni,

I refer to my letter of Dec 14, 2023 04:05:18 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for 3-year  Annual Financial Statements (2022 AFS, 2021 AFS, 2020 AFS) of Non-Life Insurance Companies.

In order for us to work further on your request, we need more information from you regarding your query.  In particular, it would be helpful to know for what specific purpose you are going to use the information, specifically whether it is personal or for use by agency/business company. If for use by a agency/business entity, to ensure that whatever information, advice, request or inquiry that are being sent to the Commission are authorized by or known to top or senior management of the company, please have the request signed by the President of the company or a responsible company officer with the rank of at least Vice President in accordance with the attached advisory. You may use the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTA4NzE4MDgyMzc4Ngw, for request with ticket number #IC-087180823786, to respond.

During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Mar 08, 2024 03:52:19 AM, your request will be closed.

We hope to hear from you at the soonest possible time.

Thank you.

Respectfully,

Patrick Joseph Ng
FOI Officer

Attachments:
 IC Advisory - Official Communication to IC (1).pdf

Jalandoni 06:13 PM, Dec 19, 2023

Greetings Mr. Ng, 

Please see our response in the letter attached. 


Kind Regards, 
Mika

Ng 01:28 PM, Dec 20, 2023

December 20, 2023

Dear Ms. Jalandoni,

I refer to my letter of Dec 14, 2023 04:05:18 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for 3-year  Annual Financial Statements (2022 AFS, 2021 AFS, 2020 AFS) of Non-Life Insurance Companies.

In order for us to work further on your request, we need more information from you regarding your query, in particular, may we be informed of the specific part of the Annual Financial Statements (AFS) are you requesting. Please note that the AFS consists of more than 50 pages. Kindly note that the reproduction cost is Php10.00 per page. May we also request for the valid identification of Mr. Roa for verification purposes. You may use the reply function on the eFOI portal at https://efoi-ph.uc.r.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTA4NzE4MDgyMzc4Ngw, for request with ticket number #IC-087180823786, to respond.

During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Mar 13, 2024 05:22:31 AM, your request will be closed.

We hope to hear from you at the soonest possible time.

Thank you.

Respectfully,

Patrick Joseph Ng
FOI Officer

Jalandoni 11:02 AM, Jan 19, 2024

Good Afternoon Mr. Ng, 
Thank you very much for your response. 

We would like to specifically ask for the following:
1.	All pages of the Audited Financial Statements of the Top 7 NON-LIFE Insurance Companies for the following 
a.	2022 AFS 
b.	2020 AFS 
c.	2018 AFS 
2.	All pages of the Audited Financial Statements of the remaining Top 13 – 20 NON-LIFE Insurance Companies for the following 
a.	2022 AFS 
b.	2020 AFS 
3.	All pages of the Audited Financial Statements of the Top 7 LIFE Insurance Companies for the following 
a.	2022 AFS 
b.	2020 AFS 
c.	2018 AFS
4.	All pages of the Audited Financial Statements of the remaining Top 13 - 20 LIFE Insurance Companies for the following 
a.	2022 AFS 
b.	2020 AFS

May we please get a quotation for these requests and an invoice?

Additionally, please see the attached identification of Mr. Roa. 

Kind Regards, 
Mika

Ng 08:15 AM, Feb 02, 2024

February 2, 2024

Dear Ms. Jalandoni,

Thank you for your request dated Dec 14, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for 3-year  Annual Financial Statements (2022 AFS, 2021 AFS, 2020 AFS) of Non-Life Insurance Companies.

We received your request on January 19, 2024 and will respond on or before February 13, 2024 04:05:18 PM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTA4NzE4MDgyMzc4Ngw, for request with ticket number #IC-087180823786.

Thank you.

Respectfully,

Patrick Joseph Ng
FOI Officer

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