The president's book sun life insurance1/21/2024 ![]() ![]() Sun Life’s rise to the top was the culmination of wholehearted and collaborative efforts of all the members of the Sun Life family. Sun Life finally took the top spot in premium income in 2011, overtaking its leading competitor who reigned for over 60 years. which offered the industry’s first participating pre-need plans. Following this development shortly was the launching of its 2nd subsidiary, Sun Life Financial Plans, Inc. that offered the biggest family of mutual funds in the country then. On top of the list was the launching in April 2000 of Sun Life’s mutual funds business with the creation of its first subsidiary, the Sun Life Asset Management Company, Inc. This most important milestone provided opportunities for Sun Life Philippines to expand its product offerings even further. It had the biggest number of shareholders at the local bourse that year with 194,000 shareholders during initial listing. By the end of the century, Sun Life was motivated to do more and be more as it prepared for a major organic change under the process called ‘demutualization’ - transforming from a branch of a mutual company offering a single product, life insurance, to a wholly-owned subsidiary of a publicly-traded stock company.Īnd that happened in March 2000 when Sun Life Financial shares were traded on the Philippine stock Exchange for the first time. ![]()
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