THE health maintenance organization (HMO) industry remained profitable in the first half of 2026, as total revenues grew by a fifth on higher membership fee collections.
Latest data from the Insurance Commission (IC) showed that the HMO sector’s first-half net income grew by 42.29 percent to P2.093 billion from P1.471 billion in the same period a year ago.
The increase came after revenues rose by 19.99 percent year-on-year to P56.432 billion from P45.561 billion.
Membership fees, which accounted for P54.818 billion of industry revenues, jumped by 19.71 percent from P45.792 billion a year earlier.
Meanwhile, HMOs paid P41.227 billion in benefits and claims during the six-month period, also up by 13.62 percent from P36.285 billion a year earlier.
Total expenses likewise increased by 19.27 percent to P54.338 billion from P45.561 billion in the same period last year.
‘This reflects an increased utilization of health care services and the HMOs’ continued commitment to providing benefits to their members,’ the IC said.
IC data showed that all other key indicators improved in the first half compared to a year ago.
Total assets of the industry grew by 18.75 percent year-on-year to P99.640 billion from P83.910 billion.
HMOs’ invested assets, which comprised 27.26 percent of the industry’s total assets, likewise expanded by 49.02 percent to P27.165 billion in the first half from P18.229 billion a year earlier.
Total liabilities of the industry also climbed by 15.77 percent year-on-year to P83.646 billion from P72.249 billion.
The IC said the industry’s performance demonstrated its financial resilience and capacity to meet its obligations.
‘[The Commission] remains committed to supporting its continued development to better respond to the increasing demand for healthcare services,’ it added.