Insular Group

Insular Health Care, Inc.

Insular Health Care, Inc. (IHCI) is one of the country's top health maintenance organization The year 2010 was a record year for IHCI as it posted revenues of P306.4 million, the highest in 19 years. Net profit after taxes stood at P9.0 million while total assets amounted to P290.8 million. The company ended the year with total equity of P145.1 million and retained earnings of P43.0 million.

In 2010, IHCI launched several initiatives to meet its sales goal and breach the P1-billion mark in membership fees by 2015. Some of these were the organizational development of the Sales and Marketing Division, and the creation of the Corporate Account Management, Sales Agency Management and Direct Sales Teams.

The company also launched a new membership card to carry its new corporate name and brand identity. It also introduced new Prepaid Clinic Products: the Elite Card, which serves as the Clinic Membership Card; the Healthcheck Card, also known as the Annual Physical Examination or Pre-employment Medical Examination; and the Peak of Health Packages for out-patient wellness/executive check-up packages for a more comprehensive medical examination.

The company is accredited in over 1,130 hospitals, medical clinics, dental clinics and reference laboratories all over the country. The number of medical specialists in its roster exceeded 8,530 in 2010. The company also maintains a firstclass, fully equipped clinic in its Makati Head Office, and a Mobile Clinic used extensively by members.

It maintains four provincial offices nationwide (Cebu, Bacolod, Davao and Pampanga) and operates a 24/7 call center to better serve its ever-growing clientele. 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 (IITC), Insular's investment banking arm, recorded revenues of P28.0 million in 2010 despite the financial turmoil and continued volatility in the capital markets. IITC is a licensed investment house with a trust license. Its asset base as of end-2010 is P484.9 million, while total stockholders' equity is P471.7 million.

In 2010, IITC focused on corporate finance operations such as debt and equity underwriting, loan syndication, project finance, and financial advisory services. Riding on the bullish stock market in 2010, IITC's Corporate Finance Division (CFD) generated higher returns from its equity investments in publicly listed companies.

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

OPERATIONS DIVISION

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

HomeCredit Mutual Building and Loan Association, Inc.

HomeCredit Mutual Building and Loan Association, Inc. took advantage of the phenomenal growth of targeted segments of the market and reaped the benefits from system enhancements to register better financial results in 2010.

The wholly-owned subsidiary of Insular Life reported a 6.9 percent growth in assets to P229 million. Cash and cash equivalents substantially increased by 73 percent to P56.0 million from the previous year's P32.5 million, due to improved collection processes, efficient administration, and the sale of several real estate properties.

HomeCredit rode on the growth of the Business Process Outsourcing (BPO) sector, which generated 3,345 new members from the employees of accredited companies. This represented a 38 percent increase from the previous year. Improved results were also due to the expansion and improved efficiency of its automatic debit arrangements with major banks.

Increased membership resulted in the net increase in preferred shares by 65 percent to P102 million from P61.9 million in 2009, boosting total equity by 29 percent. This additional cash was earmarked for the mortgage financing requirements of members and the planned build-and-sell project of the company in Sta. Rosa, Laguna.

Total loans stood at P129.5 million, broken down as follows: P54.3 million in mortgages, P36.2 million in Rent-to-Own (RTO), P35.1 million in stock loans, and P3.9 million in other receivables.

The company remains committed to providing excellent service and professional management to fulfill its mission of realizing fund buildup mechanisms towards home acquisition.

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

Ranking as one of the Philippines' top non-life insurers, Mapfre Insular Insurance Corporation reported positive growth in key areas in 2010. It posted a 7.5 percent growth in gross premiums written, which stood at P1.7 billion in 2010, compared to year-ago levels.

Net income increased 13 percent to P207.8 million during the period, representing a Return on Equity of 15 percent. The better financial results exceeded the company's target and were due to the growth in investment returns and healthy underwriting results.

Mapfre Insular offers general insurance for optimum financial protection and risk management. Among its products and services are fire and allied lines, motor vehicle, personal accident, casualty, liability, engineering, micro-insurance, marine cargo and surety. It has 10 offices all over the country to service its customers. For 2011, it will continue to aggressively pursue opportunities in the retail and commercial insurance sectors. It plans to further build and strengthen its sales force, both in number and quality. It will also continue to improve service delivery, focusing on customer satisfaction with an eye toward profitability.

Mapfre Insular is 75 percent owned by Corporacion Mapfre of Spain and 25 percent by Insular Life. MAPFRE Group of Spain is engaged in insurance, reinsurance, financial and real estate activities. It has total assets of more than 48 billion euros as of December 31, 2010.