(DC file photo)
MANILA – The Government Service Insurance System (GSIS) reported a 14 percent increase in net income to Php 123 billion in the first nine months of 2026, driven by stronger investment returns, higher premium contributions and controlled operating expenses.
In a statement Thursday, GSIS said its net income rose from Php 108 billion during the same period in 2025, while total assets expanded to Php 2.07 trillion as of September 30, up Php 140 billion from Php 1.93 trillion a year earlier.
Gross revenue increased by 8.6 percent to Php 278 billion, while investment income climbed to Php 69 billion from Php 55 billion.
Premium contributions also rose to Php 160 billion from Php 148 billion, exceeding the Php 143 billion in claims and benefits paid to members, pensioners and their dependents.
GSIS attributed its improved financial performance to higher investment earnings, increased contributions and prudent spending.
Personnel and operating expenses were limited to Php 8 billion, or 25 percent below budget, while administrative loading stood at 2.58 percent, significantly lower than the 12 percent ceiling under its charter.
“Every gain in income and assets strengthens our ability to deliver pensions, benefits, and affordable loans. We are growing the fund while keeping costs low because these resources ultimately belong to our members and pensioners,” GSIS President and General Manager Jose Arnulfo Veloso said.
With its stronger financial position, GSIS is expanding access to affordable financing, particularly its Ginhawa Solar Energy Loan (GSEL), which helps government employees and pensioners reduce electricity expenses amid concerns over El Niño.
As of November 11, the solar loan program had received 66,233 applications worth Php 19.81 billion, with Php 10.12 billion already released to borrowers.
GSIS is also promoting its Ginhawa Bike and E-Mobility Loan, which provides financing for bicycles, electric bicycles and other eligible electric mobility devices to help qualified members lower transportation costs.
Meanwhile, total GSIS membership reached 2.2 million, with 76,805 additional contributing members compared with September 2025.
The state pension fund said its latest actuarial assessment confirmed that it remains financially sustainable until 2058, supporting its ability to meet long-term pension and benefit obligations.
Veloso emphasized that the agency’s improving financial performance would allow it to strengthen pension services while expanding affordable loan programs for government workers and retirees.
