In a statement on Monday, Feb. 24, 2025, the state-run pension fund said its total assets expanded by 9.23 percent to reach P1.83 trillion. Total income climbed by 10.29 percent year-on-year to P326.86 billion, driven primarily by robust investment returns and solid performance in its insurance businesses.
"We maintain a prudent investment strategy, allocating 70 percent of our portfolio to government securities and other fixed-income instruments," GSIS president and general manager Wick Veloso said.
"The remaining 30 percent is strategically placed in higher-yielding investments, including equities, real estate, and other vehicles, all managed within our strict risk parameters,” he added. “This balanced approach ensures both stability and growth, supporting our fund life, which extends until 2058."
Investment gains
Notably, GSIS posted investment gains of P13.27 billion from foreign exchange activities, P11.24 billion from global private equity placements managed externally, and P3.09 billion from local equity investments.
Financial assets of the pension fund rose by P101.60 billion, while cash and cash equivalents increased by P30.54 billion. Total member loans grew to P370.65 billion, reflecting the organization's commitment to serving its members' needs.
Operational efficiency remained strong, with loan collection efficiency hitting 98.6 percent as of the third quarter. Additionally, GSIS' insurance arm saw gross premiums reach P10.6 billion, surpassing its target of P8.5 billion, solidifying its status as the largest state insurer with a net worth of P62 billion.
Operational efficiency
The pension fund further demonstrated operational efficiency by disbursing P179.92 billion in claims and benefits while simultaneously reducing administrative expenses to P8.92 billion from P10.14 billion. Consequently, the administrative cost ratio improved significantly from 3.7 percent to 3 percent, even as GSIS successfully filled 91 percent of its authorized positions.
"Beyond the numbers, these programs represent our commitment to provide support at critical moments," Veloso emphasized. Over 1.5 million members accessed loans totaling P315 billion through GSIS's lending initiatives, which helped meet educational, medical, and financial stability needs.
In housing initiatives, GSIS provided P2.84 billion in assistance, benefiting 3,360 families through programs such as "Lease with Option to Buy," reinforcing the fund’s vital role in national socioeconomic stability.
