HMO industry profits quadrupled in 2025
Health maintenance organizations (HMO) in the Philippines posted a fourfold jump in industry-wide bottom line for 2025. This was fueled by higher membership fees and robust revenue growth.
The Insurance Commission (IC) on Wednesday reported that profits of the HMO sector soared 300.4 percent to P3.99 billion last year. That came from P996.52 million in 2024.
This was on the back of total revenues jumping 24.8 percent to P101.56 billion.
In turn, that was driven mainly by a 26.82 percent increase in membership fees to P98.46 billion.
“Recent statistics emphasize the continued improvement in the performance of the HMO industry in 2025, characterized by expanded membership and increased benefits delivered to members,” IC Commissioner Reynaldo Regalado said.
“This progress not only demonstrates the industry’s commitment to help augment the provision of quality healthcare, but also serves as an encouraging impetus to further strengthen healthcare protection for Filipinos,” he added.
The growth in revenues outpaced the large disbursement of benefits, which totaled P74.64 billion and represented 76.5 percent of total industry expenses last year. This was 19.35-percent higher than the P62.54 billion paid out a year earlier.
Further, the industry’s total assets rose to P88.58 billion, marking a 17.34-percent increase.
Total equity grew 21.82 percent to P13.91 billion.
Total liabilities, meanwhile, jumped 16.55 percent to P74.67 billion.
