National Reinsurance Corporation of the Philippines
PPSE:NRCP1.26
PHP
-0.01
(-0.79%)
ISIN
PHY6251L1099
CUSIP
Y6251L109
Return %
Stock
S&P 500
1Y
103.23
14.20
3Y
231.58
81.12
5Y
93.85
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Reyes Alexander Dominador Lopez
- Full Time Employees
- 87
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Makati City Philippines
- IPO Date
- Apr 27, 2007
- Website
- nat-re.com
- Similar Companies
- Business
- National Reinsurance Corporation of the Philippines, commercially known as Nat Re, is the sole domestic professional reinsurance company in the Philippines, providing comprehensive life and non-life reinsurance capacity, risk management solutions, and technical advisory services to direct insurers, mutual benefit associations, and regional reinsurance markets. Founded in 1978 and headquartered in Makati City, Metro Manila, Philippines, the company operates under a statutory mandate established by Presidential Decree No. 1270, which entitles it to receive mandatory cessions of outward reinsurance from domestic insurance companies. Major shareholders include the Government Service Insurance System alongside institutional investors and domestic financial institutions. The company conducts its underwriting activities through two primary business segments: Non-Life Reinsurance and Life Reinsurance. In its Non-Life segment, Nat Re provides proportional and non-proportional treaty and facultative reinsurance solutions across multiple lines, including fire, property, and allied perils; motor vehicle; marine cargo and marine hull; aviation; engineering and construction; casualty; general liability; surety bonds; and specialized risk pools, including industry-wide facilities for sabotage and terrorism, financial lines, and political risks. In its Life segment, the company delivers traditional and specialty reinsurance structures comprising individual life reinsurance; group term life and employee benefit plans; credit life; personal accident; medical and hospitalization reimbursement; critical illness and morbidity coverage; coinsurance arrangements; and catastrophe mortality protections. Complementing its core risk-bearing functions, Nat Re offers technical and consultancy services, including insurance product design and pricing; underwriting and portfolio analysis; claims management advisory; and catastrophe risk modeling, climate risk quantification, and disaster risk financing programs in partnership with the public and private sectors. In recent developments, Nat Re has executed strategic portfolio remediation initiatives to optimize risk retention and expand specialty reinsurance lines. The company delivered record financial performance in recent fiscal periods, resulting in the approval of a revised capital management framework and the declaration of its first regular cash dividend distribution in over a decade. In recognition of its market capitalization and liquidity, the company was integrated into the Philippine Stock Exchange Financials Index. Global credit rating agency AM Best affirmed Nat Re's Financial Strength Rating of B++ (Good), Long-Term Issuer Credit Rating of bbb (Good), and Philippines National Scale Rating of aa+.PH (Superior) with a stable outlook, while Philippine Rating Services Corporation reaffirmed its PRS A Plus rating. Additionally, the company implemented strategic leadership transitions, including executive appointments to its chief executive and operational management roles to advance its modernization, catastrophe resilience initiatives, and regional market expansion across Southeast Asia.