The Philippines’ Government Service Insurance System (GSIS) reported 344.47 billion pesos (US$5.99 billion) of total income last year, 6.4% more than in 2024, crediting it to “disciplined fund management”.
Social insurance collected from members of the civil service pension fund accounted for 212.17 billion pesos or almost two-thirds of the total income, GSIS says in a statement on February 25.
General insurance premium income increased 10.8% to 11.39 billion pesos thanks to higher new and renewal policy issuances. Investment income from financial assets was 76.55 billion pesos.
Net income climbed 1.5% to 137.74 billion pesos.
GSIS’s assets under management rose 8.2% to 1.96 trillion pesos.
“GSIS’s performance is attributed to our disciplined fund management,” according to Wick Veloso, president and general manager of the pension fund.
“In 2025, we paid out more in benefits than the year before while growing our assets by over 148 billion pesos,” he says.
