​GSIS income surges 170% to P43.6B in Q1

Title GSIS Income Soars 170% to P43.6 Billion in Q1 Strong Investmen
Investment Gains and Higher Insurance Contributions Drive Growth

The Government Service Insurance System (GSIS) has reported a remarkable su
surge in its first-quarter (Q1) net income, driven by strong investment gai
gains and higher insurance contributions. The state-run pension fund's net 
income expanded by an impressive 170% to P43.6 billion from P16.1 billion a
a year earlier.

This significant growth has enabled GSIS to hit 33.3 percent of its full-ye
full-year net income target of P130.91 billion, demonstrating the fund's st
strong financial position. The increase was driven by growth in social insu
insurance contributions, with collections rising due to a growing member ba
base and higher agency remittances.

According to GSIS President and General Manager Wick Veloso, the rise in in
income from insurance operations reached P56.6 billion in Q1, an 9.16% incr
increase from the same period last year. Meanwhile, investment income from 
financial assets climbed sharply to P27.6 billion, supported by gains in eq
equity valuations and favorable foreign exchange movements.

The strong investment performance helped offset higher claims and benefit p
payments during the quarter. Total claims and benefits paid to members, pen
pensioners, and beneficiaries amounted to P49.5 billion, a 4.73% increase f
from the same period last year.

This growth was driven by higher pension disbursements after the average mo
monthly old-age pension rose to P18,874.58 in 2026 from P17,809.10 previous
previously. Total expenses increased modestly by 3.30% to P52.1 billion fro
from P50.5 billion a year earlier.

Administrative expenses, which covered personnel services and operating cos
costs, totaled P2.44 billion, or 4.7% of total expenses, well below the 12%
12% ceiling mandated under GSIS's charter. As Veloso noted, Administrative
Administrative costs at 4.7% means more than 95 centavos of every peso in 
expenses went directly to members. That is where it should go.

Loan operations also contributed significantly to earnings, generating P10.
P10.7 billion during the quarter. Loan disbursements expanded across GSIS's
GSIS's Ginhawa loan facilities, including the newly launched Ginhawa Solar 
Energy Loan program.

The solar energy lending facility, which opened applications on March 25 fo
following the declaration of a national energy emergency under Executive Or
Order 110, generated P890 million in applications in its first week of oper
operations. Total assets stood at P2.0 trillion as of Q1, higher than the P
P1.96 trillion at the end of 2025.

Asset expansion keeps GSIS on track to exceed its P2.1-trillion target by y
year-end, the fund said. This impressive growth is a testament to the fund'
fund's strong management and investment strategies.

Conclusion

The GSIS's impressive Q1 performance is a clear indication that the state-r
state-run pension fund is on track to meet its full-year targets. The fund'
fund's ability to generate significant income from insurance operations, in
investments, and loan activities will help it continue to provide valuable 
benefits to its members and pensioners. With its financial position strengt
strengthening, GSIS is well-positioned to support the Filipino people's soc
social security needs.

Key Takeaways

GSIS Q1 net income surged 170% to P43.6 billion
Strong investment gains and higher insurance contributions drove growth
Income from insurance operations reached P56.6 billion in Q1, up 9.16%
Investment income from financial assets climbed sharply to P27.6 billion
Total claims and benefits paid to members, pensioners, and beneficiaries 
amounted to P49.5 billion
Loan operations generated P10.7 billion during the quarter

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.