Insular Group

Insular Life Health Care, Inc.

Insular Life Health Care, Inc. or I-Care, one of the country's top health maintenance organizations, recorded P271.4 million in revenues in 2008, closely matching 2007 sales amid the difficult business climate. Profits reached P9.5 million. I-Care ended the year with assets of P275.6 million and equity of P171.1 million among the highly capitalized in the HMOindustry.

In 2008, I-Care focused on enhancing healthcare programs, including the introduction of latest treatment modes. To ensure uninterrupted customer service, I-Care also beefed up its 24/7 call-center facilities.

I-Care is accredited in over 500 hospitals, medical clinics, dental clinics and reference laboratories all over the country. The list of medical specialists on its roster went up to over 7,500. I-Care has a first-class, fully equipped clinic in its Makati head office and a mobile clinic used extensively by members. I-Care maintains five provincial offices nationwide - in Cebu, Bacolod, Davao, Baguio, and Pampanga.

The company remains an active member of the Association of Health Maintenance Organizations of the Philippines, Inc. (AHMOPI), the recognized trade association of HMOs in the Philippines.

For inquiries, contact:

2/F I-Care Building, 167 Legaspi Street
Legaspi Village, Makati City
Tel. No. (632) 813-0131
Fax No. (632) 813-7903
Website : http://www.icare.com.ph

I-Care Provincial Branches
Pampanga
3/F Insular Life Building, MacArthur Highway
Dolores San Fernando, 2000 Pampanga
Telefax. No. (045) 963-0882

Cebu
4/F Insular Life Building, Gorordo St. corner
General Maxilom Avenue, 6000 Cebu City
Telefax: (032) 231-3533; (032) 231-1424

Bacolod
Ground Floor Insular Life Building,
corner Galo and Lacson Streets, Bacolod City
Telefax: (034) 432-0086

Davao
2/F Insular Life Building, CM Recto Avenue,
8000 Davo City, Telefax: (082) 221-6867

Baguio
Ground Floor Insular Life Building,
Legarda Rd. corner Abanao St.
Baguio City
Tel. (074) 446-7905

Insular Investment and Trust Corporation

Insular Investment & Trust Corporation's (IITC) revenues grew to P47.2 million in 2008 despite the financial turmoil and continued volatility in the capital markets. IITC is a licensed investment house with a trust license, its stockholders' equity stands at P458 million as of year-end.

IITC participated in four major deals in the Philippine capital markets. In the corporate debt market, IITC co-managed the issuance of a P3.89 billion fixed-rate corporate note by one of the leading power companies in the country and co-arranged a similar fixed-rate corporate note facility of a Filipino-led multinational port operator with total issue size of P855 million. In the equity capital markets, IITC was an underwriter in the perpetual preferred share offerings of two major conglomerates, that raised a total of P10.3 billion.

For inquiries, contact us at:

INSULAR INVESTMENT AND TRUST CORPORATION
Insular Life Building
6781 Ayala Avenue, Makati City
Trunk Line: 815-9416
Fax Line: 816-0686

Contact persons:

RONNIE B. ALCANTARA
President
Tel.: 816-0617 & 816-0718
Fax: 816-0686
Email: rbalcantara@iitc-ph.com

CORPORATE FINANCE

VICTOR B. ABAD
Asst. Vice President & Compliance Officer
Tel.: 812-2810
Fax: 816-0686
Email: vbabad@iitc-ph.com

JENNIFER C. SANTAMARIA
Manager
Tel.: 813-5564
Fax: 816-0686
Email: jcsantamaria@iitc-ph.com

TRUST & INVESTMENT MANAGEMENT DIVISION

ROSALINDA A. VERGARA
Asst. Vice President & Trust Officer
Tel.: 892-1734
Fax: 816-0686
Email: ravergara@iitc-ph.com

OPERATIONS DIVISION

TRICCI ROSE A. SADIAN
Manager
Tel.: 812-2814
Fax: 816-0686
Email: trsadian@iitc-ph.com

HomeCredit Mutual Building and Loan Association, Inc.

The success of programs such as the HomeFund Plus equity build-up plan and Cash Agad personal loans increased Homecredit's profits to P 3 million in 2008 from P2.5 million in 2007. Aside from achieving sales targets for the two programs, effective cost management contributed to the increase in net income of the company's savings and home lending unit.

A total of 2,399 new members joined HomeCredit for the year, many of whom came from the country's largest business process outsourcing companies, logistics and distribution firms, and manufacturers. This boosted HomeCredit's total membership base to 13,458.

HomeCredit's main business remains to be contract savings, or periodic and regular accumulation of funds tied-up with mortgage loans. Related businesses revolve around savings protection schemes, home development programs, and the expansion of financial sources for mortgage loans. Total loan portfolio stood at P145 million, broken down as follows: P54 million in rent-to-own schemes, P53 million in mortgages, P35 million in stock loans, and P3 million in other receivables. The company paid a total of P21 million representing total contributions plus earnings of 416 members.

To expand its market reach and customer base, HomeCredit forged auto debit arrangements with the three biggest banks in the country. Four companies joined theHomeCredit savings program using the auto debit facility, opening a market to a combined population of 20,000 regular and directly hired employees.

On the OFW front, HomeCredit started tapping seafarers and maritime workers who earn substantial salaries but are often unable to save. Four maritime manning agencies have integrated HomeCredit's Individual Savings Program into regular Pre-Departure Orientation Seminars for outgoing seafarers.

For inquiries contact us at

Call Center :
771-1165 Direct Line
771-1190 to 95 Trunk Line
771-1166 Fax

Level 26, Insular Life Corporate Centre
Insular Life Drive
Filinvest Corporate City
Alabang, Muntinlupa City 1781

E-mail us at : callcntr@homecredit.com.ph

Visit our website : www.homecredit.com.ph

RONNIE B. ALCANTARA - President
ILDEFONSO S. DEL ROSARIO - VP / Acting General Manager
VICTOR EMMANUEL G. MARTINEZ - VP / Head of Sales
AMOSA O. ESPIRITU - Head of Finance

Mapfre Insular Insurance Corporation

One of the country's top non-life insurers, Mapfre Insular Insurance Corporation achieved positive growth in all key result areas. Total gross premiums written for 2008 was at P1.4 billion leading to a 20% growth in after-tax profit of P160 million. Total assets of the company was at P2.5 billion and total equity at P1.2 billion.

Mapfre Insular is ranked among the top five in the industry in terms of earned premiums, investment income, and net income. The company is also among the highest capitalized and most solvent non-life insurance companies in the country.

Now a billion-peso multinational, Mapfre Insular marks its 75th anniversary in 2009, looking back with pride to its humble beginnings as a small, pre-war company founded by prominent Filipino entrepreneurs.

Mapfre Insular is 75% owned by Corporacion Mapfre of Spain and 25% by Insular Life.

The Mapfre-Insular alliance has successfully harnessed the strengths of both partners by integrating the technical expertise and efficiencies that have driven Mapfre companies worldwide and leveraging the business partnerships of Insular Life and the local familiarity of the Insular Life brand.