The National Reinsurance Corporation of the Philippines (Nat Re) will join the Philippine Stock Exchange (PSE) Financials Index on Aug. 18, 2025, according to a PSE memorandum issued Aug. 8.
The index tracks the performance of listed financial institutions, including banks, insurance companies, and other related entities. Nat Re’s addition places it among some of the largest publicly traded financial firms in the country.
As of Aug. 8, Nat Re had a market capitalization of about ₱1.4 billion, with a last traded share price of ₱0.66 and a price-to-earnings ratio of roughly 2.6. The company has been listed on the PSE since April 27, 2007, and has approximately 2.12 billion outstanding shares. Its free-float level stands at about 47.5%, and foreign ownership is capped at 30% under local exchange rules.
Nat Re is unique in the Philippine re/insurance market as it is the only domestic professional reinsurance firm. Legislatively, it has the advantage of being entitled to a minimum of 10% of all outward reinsurance business from domestic insurance companies.
In a statement, the company said its inclusion in the index reflects its growing role in the domestic financial sector in recent years. Nat Re also expressed appreciation to the PSE, stakeholders, partners, and clients, noting that the development serves as motivation to continue strengthening its operations and market presence.
Nat Re currently holds a PRS A financial strength rating from Philippine Rating Services Corporation (PhilRatings) and a B++ rating from AM Best, with both assessments carrying stable outlooks.
Meanwhile, the local reinsurance environment has faced cost pressures in recent years, with reinsurance rates in the Philippines rising by as much as 50% due to increased global climate risks. These higher costs have contributed to premium increases in the non-life insurance market, affecting both insurers and policyholders.
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