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GSIS collects record P10.5 B from non-life insurance premiums
The Philippine Star
|May 14, 2025
The non-life insurance premium collections of state-run pension fund Government Service Insurance System (GSIS) rose to a record P10.5 billion in 2024 as more agencies moved to secure their assets from eventualities.
Data showed that the pension fund for government workers and retirees recorded P10.5 billion in gross premiums written (GPW) in its non-life insurance business last year, its highest to date.
This was an 8.2-percent increase from the 2023 GPW level of P9.7 billion and 18 percent higher than its target of P8.9 billion.
Under the law, GSIS is mandated to provide insurance cover to all government assets and properties with insurable interests.
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