GSIS net income climbs 28 percent in H1

The Government Service Insurance System (GSIS) posted a 27.78% increase in net income to ₱94.75 billion in the first half of 2026, driven by stronger earnings while continuing to channel most of its spending to member benefits and claims.

Gross income rose 15.03% to ₱195.38 billion from ₱169.9 billion in the same period last year. Total assets also grew to ₱2.05 trillion as of June 30, 2026, up from ₱1.98 trillion at the end of 2025.

Administrative expenses, including personnel services and operating costs, reached ₱5.53 billion. GSIS said its administrative loading stood at just 2.55%, well below the 12% ceiling set by law and consistent with its record of maintaining single-digit administrative costs.

GSIS President and General Manager Jose Arnulfo ‘Wick’ Veloso said the agency remained focused on delivering benefits to members rather than simply improving its financial results.

“Of every peso we spent in the first half of the year, 94 centavos went directly to claims and benefits for members, pensioners and their dependents,” Veloso said.

He stressed that strong financial performance is meaningful only if it translates into timely pension payments, faster claims processing and financial assistance that directly benefits government workers and their families.

“That is the social dividend. That is the only reason these numbers matter,” Veloso said. TRACY CABRERA