Manila:The Government Service Insurance System (GSIS) has announced a net income of PHP123 billion for the first nine months of 2026, reflecting a 14 percent increase compared to the previous year. This financial growth bolsters the organization's ability to maintain pension benefits and enhance access to renewable energy financing.

According to Philippines News Agency, the GSIS's net income for the period rose from PHP108 billion in the same timeframe last year. Additionally, total assets reached PHP2.07 trillion as of September 30, a rise of PHP140 billion from the previous year's PHP1.93 trillion.

The increase in net income is attributed to a combination of stronger investment returns, higher contributions, and controlled spending. Gross revenue rose by 8.6 percent to PHP278 billion, with investment income climbing to PHP69 billion from PHP55 billion. Premium contributions increased to PHP160 billion, surpassing the PHP143 billion disbursed in claims and benefits.

GSIS President and General Manager Jose Arnulfo 'Wick' Veloso highlighted the organization's commitment to its members and pensioners, emphasizing efforts to make renewable energy solutions more accessible amidst rising electricity costs due to El Niño. The state pension fund is promoting its Ginhawa Solar Energy Loan, which has received 66,233 applications worth PHP19.81 billion, with PHP10.12 billion credited to borrowers as of November 11.

Furthermore, GSIS is advancing its Ginhawa Bike and E-Mobility Loan to aid members in reducing transportation expenses. Membership has grown to 2.2 million, with an addition of 76,805 contributing members since September 2025. An actuarial study confirmed the fund's financial sustainability until 2058, ensuring its capacity to fulfill long-term obligations to government workers and retirees.