The Philippine health maintenance organization (HMO) industry reported a net income of P2.44 billion in the third quarter of 2025, a threefold increase from P800.9 million in the same period last year on stronger profitability and expanded market reach.
Total revenues for the industry increased by 22.59 percent to P73.12 billion as of end-September 2025 up from P59.65 billion a year earlier, according to data from the Insurance Commission (IC).
Membership fees comprised the majority of this amount at P71.13 billion.
Total expenses also rose 20.02 percent from P58.85 billion to P70.63 billion, with total healthcare benefits and claims reaching P54.96 billion in the third quarter.
Insurance Commissioner Reynaldo Regalado lauded the performance, saying the majority of companies demonstrated stronger profitability and wider market reach.
He said this underscores the industry’s continued reliability in supporting Filipinos’ healthcare needs.
The industry’s total assets grew by 27.59 percent to P96.81 billion from P75.87 billion, with invested assets totaling P18.54 billion.
Total liabilities increased to P84.09 billion due to infusions in claims and other reserves, while total equity stood at P12.72 billion.
The IC also clarified that the capital stock account narrowed from P8.93 billion to P6.86 billion due to the reclassification of equity accounts to appropriately reflect contingency surplus.
Regalado said these developments reflect the sustained growth and strengthened financial position of the HMO industry, providing a promising foundation for further innovation, more effective regulation and improved delivery of accessible and reliable healthcare.
