Company History
Petrogen Insurance was established in 1996 to primarily service the insurance requirements of Petron Corporation - the largest oil refining and marketing company in the Philippines
Petrogen Today
In 2020, SMC Board of Directors approved the company’s equity investment of PHP 3.0 billion in Petrogen Insurance Corporation which was endorsed by the Insurance Commission (IC) and approved by the Securities & Exchange Commission (SEC) in February 2021. With this, SMC had a direct equity interest in the company and enabled it to expand its insurance business.
Petrogen Insurance is the Philippines' largest* non-life insurance company in terms of paid-up capital amounting to PHP3.485 billion, ensuring the company's financial stability.
*Based on Q2 2021 QRSFS submitted to the IC
