THE Government Service Insurance System (GSIS) said that their net income for 2023 had increased by 70 percent.

Likewise the state insurer also said that their net income increased by P113.13 billion in 2023.

It is higher than the P66.4 billion in 2022.

According to the GSIS, the revenues climbed by 33 percent to P311.3 billion.

Also the state-led pension fund has expressed their willingness to continue to search for yield and establish a diversified portfolio by securing new investment opportunities.

The GSIS said that the government-owned corporation had said that there is an 11 percent increase in its assets to P1.7 trillion.