health maintenance organization The (HMO) industry saw its combined net income grow nearly 300% last year as companies expanded their customer base and product offerings.
The Insurance Commission (IC) said in a statement on Wednesday that the HMO sector's net profit was P3.99 billion in 2025, an increase of 279.92% from P996.52 million in 2024.
This came as total revenue increased 24.84% year-on-year to P101.56 billion from P81.36 billion, driven mainly by a 26.82% increase in membership fees from P77.64 billion to P98.46 billion.
Meanwhile, total health benefits and claims distributed by HMOs reached P74.64 billion, up 19.35% or P12.1 billion from last year.
These payments represent 76.5% of total spending by the industry last year.
The combined assets of HMOs increased by 17.34% to P88.58 billion at the end of 2025.
Total invested assets increased from increased by 23.11% to P22.6 billion from P18.36 billion.
Total equity increased by 21.82% to P13.91 billion in 2025 from P11.42 billion in the previous year.
Meanwhile, the sector's liabilities rose 16.55% to P74.67 billion in 2024 from P64.06 billion last year.
Insurance Commissioner Reynaldo A. “Recent data emphasizes continued improvement in HMO industry performance through 2025, characterized by expanded membership and increased benefits offered to members,” Regalado said.
“This progress not only reflects the industry’s commitment to helping enhance the provision of quality healthcare, but also serves as an encouraging inspiration to further strengthen healthcare security for Filipinos.” — AMC Sy