The Government Service Insurance System (GSIS) recorded a 170 percent jump in first-quarter 2026 net income, reaching P43.6 billion from P16.1 billion in the same period last year. Total assets rose to nearly P2 trillion as of March 31, up from P1.96 trillion at the end of 2025.
Total income for the quarter hit P95.8 billion, a 43.83 percent increase. Insurance income, its main revenue source, grew to P56.6 billion due to more members and higher contributions. Investment income also rose sharply to P27.6 billion from P1.2 billion a year earlier, helped by better stock values and favorable exchange rates.
The fund paid out P49.5 billion in claims and benefits, up 4.73 percent. Average monthly old-age pensions increased by over P1,000, from P17,809.10 to P18,874.58. Administrative costs stayed low at 4.7 percent of total expenses, well under the allowed 12 percent limit.
GSIS loan programs earned P10.7 billion, while the new Ginhawa Solar Energy Loan released P890 million in its first week. The fund is on track to hit its 2026 targets, with assets projected to reach P2.1 trillion by year-end. Actuarial studies show GSIS can sustain operations until 2058, securing future benefits for members and retirees.
