GSIS Posts ₱123 Billion Net Income From January to September 2026
GSIS NET INCOME 2026 – Is your pension fund in good shape? The Government Service Insurance System (GSIS) said its net income reached ₱123 billion in the first nine months of 2026, 14 percent higher than the ₱108 billion it earned in the same period last year.
The state pension fund for government workers released the figures in a statement on Thursday, November 12, according to reports from Manila Standard, Bankero and the Daily Chronicle. GSIS credited the growth to bigger investment returns, higher premium contributions and tight control of its expenses.
GSIS Financial Highlights (January to September 2026)
- Net income: ₱123 billion, up 14% from ₱108 billion
- Gross revenue: ₱278 billion, up 8.6%
- Total assets: ₱2.07 trillion as of September 30, up ₱140 billion from ₱1.93 trillion a year earlier
- Investment income: ₱69 billion, from ₱55 billion
- Interest income from fixed-income securities: ₱33 billion, from ₱31 billion
- Premium contributions: ₱160 billion, from ₱148 billion
- Claims and benefits paid: ₱143 billion
- Income from member loans: ₱32 billion, from ₱31 billion
Premium contributions collected by the fund were higher than the ₱143 billion it paid out in claims and benefits to members, pensioners and their dependents. Ginhawa Loans made up 73 percent of the GSIS loan portfolio, Manila Standard reported.
Low Operating Costs, Sustainable Until 2058
GSIS said personnel and operating expenses totaled ₱8 billion, or 25 percent below budget. Its administrative loading rate stood at 2.58 percent, far below the 12 percent ceiling set in its charter.
The fund added that its latest actuarial study shows it will stay financially sustainable until 2058, which means it can keep paying pensions and benefits for decades. Membership has grown to 2.2 million, with 76,805 more contributing members than in September 2025.
“Every gain in income and assets strengthens our ability to deliver pensions, benefits, and affordable loans. We are growing the fund while keeping costs low because these resources ultimately belong to our members and pensioners,” GSIS President and General Manager Jose Arnulfo “Wick” Veloso said in the statement.
What It Means for GSIS Members
Veloso said the stronger finances will let GSIS do more for members and pensioners, especially as El Niño could push up household electricity use and expenses. The fund is stepping up its Ginhawa Solar Energy Loan (GSEL), which finances residential solar systems for qualified members and pensioners.
- GSEL applications as of November 11: 66,233, worth ₱19.81 billion
- Amount already released to borrowers: ₱10.12 billion
- Other offer: Ginhawa Bike and E-Mobility Loan (GBEL) for bicycles, e-bikes and other eligible electric mobility devices
GSIS was also named Top Investment House for Local Currency Bonds in the Pension Funds category at The Asset Benchmark Research Awards, according to Context.ph. For loan details, members may visit the GSIS website.
Planning to go solar? Read our report on the GSIS Solar Energy Loan releases topping ₱10 billion.
Are you a GSIS member or pensioner? What benefit or loan would you like the fund to improve next? Let us know in the comments.
