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Manila Bulletin devider Business devider The Stock Market devider GSIS income climbs to ₱344 billion on higher investment returns

GSIS income climbs to ₱344 billion on higher investment returns

Published Feb 24, 2026 12:35 pm  |  Updated Feb 24, 2026 01:17 pm
GSIS President and General Manager Wick Veloso
GSIS President and General Manager Wick Veloso
State-run Government Service Insurance System (GSIS) reported a 6.4 percent increase in total income to ₱344.47 billion for the full year of 2025, buoyed by surge in insurance premiums and steady returns from its investment portfolio.
In a statement, the pension fund for government workers said its total assets climbed 8.2 percent to ₱1.96 trillion, bringing the agency within striking distance of the ₱2 trillion milestone.
GSIS said the growth reflects a period of disciplined fund management aimed at securing the retirement benefits of approximately 2.5 million government employees and pensioners.
Social insurance remained the primary engine of growth, contributing ₱212.17 billion to the total revenue. Meanwhile, the general insurance segment saw premium income rise to ₱11.39 billion, an 10.8 percent increase from the ₱10.28 billion recorded in 2024.
GSIS attributed this performance to a higher volume of both new and renewal policy issuances as the agency expanded its coverage across government properties and assets.
The fund’s investment strategy also yielded significant gains, with income from financial assets reaching ₱76.55 billion. This performance supported a net income from operations of ₱137.74 billion for the year.
GSIS President and General Manager Wick Veloso said the results underscore the fund’s capacity to meet its long-term obligations despite volatile global market conditions.
“Every peso in this fund belongs to a government worker who expects it to be there when they retire or when their family needs it,” Veloso said. “In 2025, we paid out more in benefits than the year before while growing our assets by over ₱148 billion.”
The pension fund disbursed ₱148 billion in claims and benefits during the 12-month period, reflecting its mandate to provide timely social security protection. The agency noted that the current trajectory of asset growth ensures the long-term actuarial solvency of the fund, which is critical for the financial security of civil servants.
As the GSIS nears the ₱2 trillion asset mark, the management indicated it will continue to prioritize diversified investment portfolios and digitized service delivery to enhance member experience. The 2025 financial results position the agency as one of the most liquid and capitalized institutions in the Philippine public sector.
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