Philippine HMOs lift profit 40% as payouts rise in Q1 2026

Net income reached $14m in from January to March.

The health maintenance organisation industry in the Philippines recorded higher income and assets in the first quarter of 2026, based on preliminary data from the Insurance Commission.

Total net income rose by more than 40% to $13.9m (P818.7m) in Q1 2026, from $9.9m (P579.4m) in the same period last year.

Total assets increased by 15.95% to $1.7b (P101.44b), from $1.5b (P87.48b) in Q1 2025. Invested assets also grew by almost 30% to $405.1m (P23.83b), from $312.3m (P18.37b) a year earlier.

Membership fees collected rose by 19.67% to $456.1m (P26.83b) in Q1 2026, from $381.1m (P22.42b) in Q1 2025. Total benefits paid increased by 13.99% to $342.6m (P20.15b), from $300.6m (P17.68b).

The Insurance Commission said the figures exclude one of the 27 HMO companies that complied with reportorial requirements.

Insurance Commissioner Reynaldo Regalado said the results reflected the financial strength of HMOs and their ability to meet obligations to members, whilst the rise in membership fees showed continued use of HMO plans.

($1.00 = P61.52)