WILLEMSTAD – The Social Insurance Bank of Curaçao (SVB) closed 2025 with a combined surplus of XCG 40.3 million, almost double the XCG 20.4 million surplus recorded in 2024, according to its 2025 annual report.
Total income rose to XCG 1.29 billion, while total expenses reached XCG 1.25 billion. Premium income increased from XCG 894.6 million in 2024 to XCG 939.6 million in 2025. The government contribution also rose, from XCG 305.7 million to XCG 318.7 million.
Despite the positive result, SVB warns that the long-term outlook remains fragile. The institution says the aging population is already putting pressure on both the AOV pension fund and medical costs under the basic health insurance system. Without structural economic growth and reforms, SVB expects results to deteriorate in the near future.
The report also notes that several cost-control measures approved by the Council of Ministers in 2021 have not yet been fully implemented. These include changes to the BVZ package, reform of sick-leave payments and revision of laboratory tariffs. According to SVB, the delay means that expected savings have not materialized.
The bank says reforms are becoming even more urgent after the increase of the AOV pension to XCG 1,000 as of January 1, 2026, which will significantly raise costs for the AOV fund.