SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2017

2. SEC Identification Number

80118

3. BIR Tax Identification No.

000480869000

4. Exact name of issuer as specified in its charter

NATIONAL REINSURANCE CORPORATION OF THE PHILIPPINES

5. Province, country or other jurisdiction of incorporation or organization

METRO MANILA

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

31F BPIPHILAM LIFE MAKATI 6811 AYALA AVENUE Postal Code 1227

8. Issuer's telephone number, including area code

+6329887400

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	2,123,605,600

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

PHILIPPINE STOCK EXCHANGE

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

National Reinsurance Corporation of the PhilippinesNRCP

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2017
Currency (indicate units, if applicable)	Php

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	3,043,253,769	2,803,073,429
Total Assets	14,343,539,691	14,175,743,861
Current Liabilities	1,056,675,890	1,136,880,953
Total Liabilities	9,429,745,748	9,322,984,503
Retained Earnings/(Deficit)	(25,485,454)	13,651,660
Stockholders' Equity	4,913,793,943	4,852,759,358
Stockholders' Equity - Parent	-	-
Book Value per Share	2.31	2.29

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	359,777,530	303,800,654	359,777,530	303,800,654
Other Revenue	67,163,161	38,355,398	67,163,161	38,355,398
Gross Revenue	426,940,691	342,156,052	426,940,691	342,156,052
Operating Expense	361,005,784	269,342,415	361,005,784	269,342,415
Other Expense	58,304,607	60,202,338	58,304,607	60,202,338
Gross Expense	419,310,391	329,544,753	419,310,391	329,544,753
Net Income/(Loss) Before Tax	7,630,300	12,611,299	7,630,300	12,611,299
Income Tax Expense	46,767,413	11,749,262	46,767,413	11,749,262
Net Income/(Loss) After Tax	(39,137,113)	862,037	(39,137,113)	862,037
Net Income Attributable to Parent Equity Holder	-	-	-	-
Earnings/(Loss) Per Share (Basic)	-0.02	0	-0.02	0.02
Earnings/(Loss) Per Share (Diluted)	-0.02	0	-0.02	0.02

Other Relevant Information
Please refer to the attached SEC form 17Q