Corporate Profile

R & B INSURANCE CORPORATION
Business Address
15F Petron Megaplaza Building
358 Sen Gil Puyat Avenue,
Tel. Nos. 887-7217/887-7403
Fax No. 887-5693
E-mail address: rbinsure@rbinsure.com

Quezon City Service Office (Temporarily Closed since all transactions are in Makati Office)
Ground Floor Victoria I Building,
Quezon Avenue, Quezon City
Tel. Nos. 921-8281/921-8282
Fax No. 922-0038

Date of Incorporation:

May  11, 1959
Certificate of Registration
No. 15346 Issued by SEC

Date of Original License with the Insurance Commission:

June 1, 1959

Administrative Order No.301 issued on June 03, 1959 (To Engage in Suretyship)

 

Purposes:

Main Purposes        

  1. Insurance and reinsurance of non-life risks
  2. Issuance and reinsurance of surety bonds
  3. Granting of real estate mortgage loans

  4. Ownership and administration of real and personal property

Secondary Purposes    

  1. To conduct business in a foreign country
  2. To act as financial, managerial, special or general agent or representative of 
any entity, which is engaged in insurance.

  3. To perform all the acts and exercise all general powers conferred by law upon
 corporation similarly organized.

Authorized Lines of Business

Fire, Marine, Casualty & Bonds

Present Authorized Capital Stock            Php 250,000,000.00

Present Paid-Up Capital Stock                Php 250,000,000.00

10% Common Shares with Par Value of Php100.00

90% Redeemable Preferred Shares with a Par Value of Php100.00

As of December 31, 2014 Audited Financial Statements

Total Assets                  Php 329.158M


Total Liabilities              Php  51.174M

Paid Up Capital            Php 250.000M


Retained Earnings       Php   21.920M


Total Equity                  Php 277.984M

 

Paid Up Capital as of Dec. 31, 2010     Php 125.5M

Paid Up Capital as of Dec. 31, 2011     Php 131.750M

Paid Up Capital as of June 30, 2012     Php 250.000M

Major Changes:

1.    The corporate name “ R & B Surety and Insurance Company, Inc.” was changed to R & B
 Insurance Corporation on June 12, 1978.

2.    Authorized Capital stock was increased to One Hundred Fifty Million Philippine Pesos 
(Php 150,000,000.00) per SEC approval on November 9, 2010.

3.    Authorized Capital stock was increased to Two Hundred Fifty Million Philippine Pesos
 (Php 250,000,000.00) per SEC approval on March 5, 2012.