Health maintenance organization (HMO) Intellicare maintained its position at the forefront of the Philippine healthcare management sector, reporting a net income of P503 million in the second quarter of 2025, according to the Insurance Commission’s (IC) latest report.
The performance positioned Intellicare, or Asalus Corp., as the number one HMO nationwide among 28 licensed providers. The IC report highlighted the firm’s strength across key indicators, including financial discipline, claims efficiency and optimized healthcare delivery.
Intellicare demonstrated a strong commitment to its members, disbursing P9 billion in health benefits and claims in the second quarter, one of the highest amounts in the industry.
This follows a robust performance in the first quarter of 2025 and contributed significantly to the HMO industry’s overall recovery compared to the same period the previous year.
The company’s solid financial position is underscored by total assets of P17.3 billion and an asset-to-liability ratio of 1.13x.
Its sister company, Avega Managed Care, Inc., also reported a positive net income for the period. Together, Asalus Corp. (Intellicare) and its affiliates accounted for a 45-percent combined share of the industry’s net income.
“As we prepare to mark thirty years, Intellicare remains committed to integrity and sustainability in every aspect of our operations,” said Intellicare president Jeremy Matti.
“Our continued leadership in financial performance allows us to deliver high-quality healthcare to employees and their families, ensuring that healthcare access remains a cornerstone of Filipino families’ security and well-being,” he said.
Intellicare, which has a capital stock of P1 billion, serves over 1.2 million members through more than 69,000 affiliated doctors and specialists nationwide.
The company said it continues to invest in innovation and digital transformation, making services more accessible through its AGORA app and automated processes.
