Panama, October 27, 2025 ‑ During a strategic visit to Panama, Chairman of the Board and CEO José S. Suquet reaffirmed the company’s commitment to the Panamanian market, emphasizing its century‑long trajectory, financial strength, and leadership built on trust.

With 114 years of history in the region and uninterrupted presence in Panama since 1912, PALIG remains firmly committed to comprehensive protection for individuals, families, and businesses through reliable, personalized solutions tailored to the needs of the Panamanian market.

For more than 20 years at the helm of PALIG, José S. Suquet has driven steady growth both organically and through mergers, strategic alliances, and a clear focus on personal insurance—life, health, and accident coverage.

Operating in 22 countries, including the Caribbean, Latin America, and the United States, PALIG ranks among the most prominent insurance groups in Latin America. Its expansion and consolidation in international markets reflect a strategic vision and a proven formula for leading with purpose in a dynamic environment.

During his visit, the CEO highlighted the strong results of 2024, a year in which the insurer closed with USD 163 million in premiums in Panama—an 8% increase, outperforming the national market average.

Globally, Pan‑American Life Insurance Group reported operating revenues of USD 1.48 billion and record total premiums of USD 1.72 billion at the close of 2024, with a 58% increase in net income, supported by disciplined management and a customer‑focused strategy. Its commitment to excellence has been recognized internationally for the fifth consecutive year as one of the Best Managed Companies in the U.S. by Deloitte Private and The Wall Street Journal. Additionally, Pan‑American Life Insurance Company maintains an “A” rating from AM Best and Fitch Ratings.

Under José S. Suquet’s leadership, PALIG invests in innovation by implementing new technologies to enhance customer experience and optimize processes. The company is exploring advanced technologies such as blockchain to strengthen security and efficiency in transactions, while expanding digital channels to facilitate online procedures and inquiries. “Innovation and constant adaptation to new technologies are key in an ever‑changing industry,” said José S. Suquet.

PALIG Panama holds the number one position in group health insurance, with a 21% market share in this segment. It is also among the leading insurers in personal insurance with 16%. Its specialized focus on personal insurance for both individuals and corporations enables the company to protect more than 200,000 lives in Panama, supported by an extensive network of over 1,700 local healthcare providers.

PALIG Panama continues to grow steadily, with an 8.9% increase as of July 2025, demonstrating the effectiveness of its corporate strategy centered on comprehensive health and wellness care for policyholders. The company promotes preventive programs that contribute to a better quality of life and provides support during critical moments when customers need it most.

“At PALIG, we believe trust is the foundation for building lasting relationships with our employees, clients, and partners,” said Jose Antonio “Tony” Eleta, Country Manager. “Our presence in Panama is not just a business achievement—it is a historic commitment to the well‑being of those who have trusted us for generations.”

PALIG Panama’s financial strength is also reflected in its comprehensive range of personal insurance products designed to protect what matters most: life, health, and well‑being. Its life insurance policies provide financial security for families in the event of death, ensuring stability and peace of mind; health insurance offers access to quality medical care, hospital coverage, and specialized services; and personal accident insurance provides protection against unforeseen events, covering medical expenses and offering financial support in situations that may affect health, mobility, or income. With more than a century of experience in Panama, PALIG combines trust, comprehensive coverage, and commitment to policyholders at every stage of life.

The company will celebrate its 115th global anniversary in 2026 and is preparing to commemorate 115 years in Panama in 2027, with strategic plans aimed at sustaining growth, strengthening customer trust, and expanding its contribution to the country’s development.