Bilyonaryo - Business

Insular Life unloads P2.4B Union Bank shares in October

November 6, 2021

Bilyonaryo.com

The country’s largest insurance company has shed a big chunk of its stake in the Aboitiz-controlled Union Bank of the Philippines.

UnionBank, Insular Life enter Bancassurance partnership

Insular Life Assurance Co. Ltd. sold a total of 30.233 million shares of UBP in several trades from October 1 to 14. InLife sold the UBP shares at a price range of P80 to P98.

Insular Life income surges to P5B in 2017

InLife’s stake in UBP shrank from 16.2 percent to 13.72 percent with a market value of P15 billion.

Insular Life wants to be the most hi-tech insurance firm

InLife is still UBP’s second biggest shareholder after Aboitiz Equity Ventures with 49 percent.

Related News Tags: Aboitiz, Insular Life, Insular Life Assurance Co., life insurance, Union Bank of the Philippines

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