As it celebrates its 23rd anniversary, Fortune Life Insurance Company is poised to make a bigger leap toward being one of the country's top life insurers, targeting higher gross premiums and buoyed with confidence that will ably meet stiff new regulations mandated by the Insurance Commission.

It is confident of achieving this leadership position by continually providing excellence, reliability and stability to the insuring public. For Fortune Life, making a secure future possible for everyone is its legacy to the Filipino people.

Throughout its history, Fortune Life has demonstrated an indomitable will to rise to greater heights amid daunting threats and difficulties.

The current period is no less fraught with problems. Again, with flair, Fortune Life boldly moves forward to face and overcome the challenges.

Last year, for instance, the insurance industry was greatly surprised by the minimum statutory networth of P500 million and minimum paid up capital of P250 million within six years (from 2006) imposed by the Insurance Commission.

This requirement has been temporarily deferred, but the capital increase will still be regulated by 2010 to remain at par with regional counterparts.

Despite the deferment of the new capital requirements for life and non-life companies, Fortune Life reported to its stockholders that the company as of last year had already complied with the P100 million paid-up capital and P421.9 million networth.

This shows, the company says, that it has complied for capital requirement up to 2008 and for networth requirement up to 2010.

Under the leadership of its new leaders, D. Arnold A. Cabangon as President and Evelyn T. Carada as executive vice-president and general manager, the company continues to rise in ranking in the industry, and strives to go notches higher among the top 10 life insurance companies.

With the combined acumen of its leaders and the dedication of its home and field forces, Fortune Life will continue to secure every Filipino's tomorrow today.