GSIS Net Income Hits P123 Billion

Up 14% Year-on-Year; Mobilizes Resources to Help Members and Pensioners Cut Electricity Costs Amid El Niño

The Government Service Insurance System (GSIS) posted P123 billion in net income in the first nine months of 2026, a 14% increase from the same period last year, strengthening its capacity to mobilize resources to help members and pensioners reduce electricity costs amid El Niño.

With total assets surpassing P2 trillion, the GSIS intends to support government efforts to expand access to financing for solar power and other renewable energy sources, helping members and pensioners manage household expenses while contributing to the country’s energy security and sustainability goals.

GSIS President and General Manager Jose Arnulfo “Wick” Veloso said the initiative supports the administration of President Ferdinand R. Marcos Jr. in promoting affordable energy, financial security, and climate resilience.

“Our strong financial performance allows us to do more for our members and pensioners. With El Niño potentially driving up electricity consumption and household expenses, we want to mobilize our resources to make renewable energy solutions more accessible and affordable,” Veloso said.

Strong Financial Performance

The GSIS recorded P123 billion in net income from January to September 2026, up 13.9% from P108 billion a year earlier. Gross revenue increased 8.6% to P278 billion, while total assets stood at P2.07 trillion as of September 30, P140 billion higher than the P1.93 trillion recorded in September 2025.

Investment income climbed to P69 billion from P55 billion, with interest income from fixed-income securities rising to P33 billion from P31 billion. This performance earned

GSIS international recognition as Top Investment House for Local Currency Bonds in the Pension Funds category of The Asset Benchmark Research Awards.

Premium contributions increased to P160 billion from P148 billion, exceeding the P143 billion in claims and benefits paid to members, pensioners, and their dependents. Total

membership reached 2.2 million, with 76,805 additional contributing members compared with September 2025.

Income from member loans rose to P32 billion from P31 billion, with Ginhawa Loans accounting for 73% of the total loan portfolio.

The GSIS also maintained prudent cost management, with personnel and operating expenses at P8 billion, or 25% below budget. Its administrative loading stood at just 2.58%, well below the 12% ceiling under the GSIS Charter.

“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,” Veloso said.

The latest actuarial study confirmed that the GSIS remains financially sustainable until 2058, reinforcing its capacity to serve current and future generations of government workers and retirees.

Mobilizing Resources for Energy Savings

Building on its strong financial position, the GSIS is intensifying the promotion of its Ginhawa Solar Energy Loan (GSEL), which provides affordable financing for residential

solar energy systems to help eligible members and pensioners reduce their dependence on conventional electricity sources and lower their monthly electricity expenses.

As of November 11, 2026, the GSIS had received 66,233 GSEL applications worth P19.81 billion, with P10.12 billion already credited to borrowers, reflecting substantial demand for accessible solar energy financing.

The GSIS also offers the Ginhawa Bike and E-Mobility Loan (GBEL), providing affordable financing for bicycles, electric bicycles, and other eligible electric mobility devices to help qualified borrowers reduce transportation expenses.

Veloso said the GSIS will continue exploring ways to leverage its financial resources to support government initiatives that promote renewable energy adoption and long-term household savings.

“Our financial gains must translate into tangible benefits for our members and pensioners. Through GSEL, GBEL, and other innovative financing programs, we aim to help them reduce everyday expenses while supporting the government’s transition toward a cleaner and more energy-secure future,” Veloso said.