HMO profits tripled in third quarter 2025

Philippine health maintenance organizations (HMOs) tripled their aggregate profit in the third quarter of 2025. This was attributed to stronger premium collections that offset the impact of higher health-care claims and payouts.

Data from the Insurance Commission (IC) showed that the HMO industry’s net income for the January-September period surged by 204.8 percent to P2.44 billion. This came from P800.9 million in the same period last year.

Total revenues for the sector jumped 22.5 percent to P73.12 billion. This was largely driven by P71.13 billion in membership fee collections.

Expenses rose 20 percent to P70.63 billion, mostly due to claims and health-care benefits totaling P54.96 billion. However, revenue growth outpaced the rise in costs, boosting net income.

“The HMO industry delivered a commendable performance this quarter, as the majority of the companies demonstrated stronger profitability and wider market reach,” IC Commissioner Reynaldo Regalado said in a statement.

“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 health care,” Regalado said.