On September 10, 2024, AFPMBAI celebrated its 59th anniversary at Tejeros Hall, Armed Forces of the Philippines Commissioned Officers’ Country (AFPCOC), Camp General Emilio Aguinaldo, Quezon City. The occasion brought together key figures, including members of the Association’s Board of Trustees, executives, managers, commanding officers, personnel of the various uniformed services, other government agencies, and private sector partners. It was a momentous event, honoring the Association’s storied past and continuing commitment to its members.
The program was led by dynamic emcees, Ms Lhiz Saxby and Mr Alvin Malibiran. MGen Henry M Doyaoen PA (Ret), Corporate Services Group Head and Chief Corporate Services Officer, officially opened the celebration, warmly welcoming members and esteemed guests to the AFPMBAI’s 59th anniversary celebration.
Throughout the event, the Association’s initiatives and milestones were showcased.
Sales and Marketing Updates
MGen Nathaniel Y Casem PN(M) (Ret), Sales Operations Group Head and Chief Operating Officer, presented the AFPMBAI’s ongoing projects and operational developments. Some key highlights included were:
- Establishment of the Bureau of Corrections (BuCor) Extension Office
- Creation of five Regional Sales and Service Centers
- Php 2.4 billion in insurance premiums
- Php 8.01 billion in insurance loans
- Php 278.4 million in real estate loans
- Various infodrives, membership meetings, and caravans
- Donations to various service branches
- Distribution of policy dividends amounting to Php146 million for 68,700 policyholders
- Free Daily Hospital Income Benefit program
- Introduction of the MBAI Achiever – a new college education plan
- Launch of new loan products, including the Emergency Loan and Special MEDAL
- Various marketing promotions
- Results of the Customer Satisfaction Survey
Stakeholder Awards
AFPMBAI acknowledged its valued partners with plaques of appreciation to celebrate the successful collaboration, and anticipate more milestones together. The following partners were recognized:
- The Insurance Commission, for its invaluable support to AFPMBAI’s programs and operations.
- Major Mark Gregory N Yildirim PA (DS), for his exceptional leadership in organizing three dental treatment operations for AFPMBAI.
- The AFP Dental Service Center, under Col Eisen M Perdido DS (GSC), for outstanding dental services provided to AFPMBAI.
- DWDD AFP Radio, for its continued support and production of AFPMBAI’s MBAI-Connect radio program.
- The Philippine Chamber of Mutual Benefit Associations, for its significant contributions to the mutual benefit association sector.
- SB Capital Investment Corporation, for being an exemplary investment partner of AFPMBAI.
- The Armed Forces of the Philippines Real Estate Office, for its crucial assistance in promoting real estate investment opportunities among AFPMBAI members.
- XDT & Company Inc., under the leadership of Prof. Xylexferene L Dela Torre, for providing members with expert real estate education.
- The Bureau of Corrections, under Gen Gregorio Pio P Catapang Jr AFP (Ret) CESE CCLH, for its unwavering support to AFPMBAI’s mission.
- The 7th Infantry Division, under MGen Andrew D Costelo PA, for continued assistance to the Northern Luzon Regional Sales and Service Center.
- The Police Regional Office 5, under PBGen Andre P Dizon, for its support to the Southern Luzon Regional Sales and Service Center.
- The Mindanao Army Training Group, under Col Samuel C Nadala Jr ARM (GSC) PA, for its commitment to AFPMBAI’s mission.
- The Personnel G1 4th Infantry Division of the Philippine Army, led by LtC Aristotle F Antonio GSC (INF) PA, for supporting the Mindanao Regional Sales and Service Center.
- TRADOC Philippine Army, under MGen Danilo D Benavides PA, for its assistance to the Northern Luzon Regional Sales and Service Center.
Additionally, the Association’s Internal Audit Office was recognized by Isla Lipana & Co./PWC Philippines for adhering to international auditing standards and upholding the Code of Ethics as outlined by the Institute of Internal Auditors.
President’s Report
AFPMBAI President and CEO RAdm Dorvin L Legaspi PN (Ret) presented additional accomplishments and emphasized the Association’s commitment to industry leadership. Key achievements included:
- Php 4.24 billion in revenue (as of July 2024)
- Php 495.78 million in net income (as of July 2024)
- Php 44.90 billion in assets (as of July 2024)
- Php 20.56 billion in reserves (as of July 2024)
- Implementation of financial literacy programs
- Introduction of the GRADE Program
- Enhanced products and additional financial services
- Innovations in customer service
- Expanded payment facilities
- Growth of AFPMBAI’s digital presence
Keynote Address
MGen Wilbur C Mamawag PA (Ret), Vice Chairman of AFPMBAI, delivered the keynote address on behalf of AFPMBAI Chairman and AFP Chief of Staff Gen Romeo S Brawner Jr PA. He commended the Association’s resilience and dedication over the past fifty-nine years, highlighting its ability to transform challenges into opportunities that benefit its members.
With the theme “Breaking Ground: Adapting to Changes Towards Greater Things,” AFPMBAI reaffirmed its commitment to being a reliable partner to its members. The Association continues to develop initiatives such as establishing payment centers and collaborating with financial institutions to make it easier for members to manage their dues and access their benefits. These efforts are all driven by the evolving needs of its members, guiding AFPMBAI’s progress toward a brighter future.
