Established in 1960, Alliedbankers Insurance Corporation (ABIC) is the non-life insurance company of the Lucio Tan Group of Companies, one of the biggest business conglomerates which includes the following companies and known brands in the Philippines: - Philippine Airlines - Philippine National Bank - Asia Brewery - Eton Properties - Tanduay Distillers In 2020, ABIC acquired PNB General Insurers Co., Inc. (PNB Gen) increasing its premium volume to Php2.8 Billion in 2021 making it one of the leading insurance companies in the country. In the same year, ABIC entered into an exclusive bancassurance marketing agreement with Philippine National Bank.