The Philippines’ Government Service Insurance System (GSIS) earned 43.6 billion pesos (US$710.4 million) net income in the first quarter, nearly three times higher than the 16.1 billion pesos reported in the same period of 2025, as social insurance contributions rose and investment income jumped.
Investment income from financial assets contributed 27.6 billion pesos to the bottom-line compared to just 1.2 billion pesos a year ago, largely from gains in equity valuations.
Income from social insurance was still the largest contributor at 56.6 billion pesos, up 9.2 % from a year ago.
“The increase is mainly driven by growth in social insurance contributions, with collections rising on the strength of a growing member base and higher agency remittances,” the pension fun says in a statement on June 4.
GSIS manages retirement savings for civil servants, with a total 2 trillion pesos of assets under management as of end-March, up from 1.96 trillion pesos at the end of last year.
