THE SOCIAL Security System (SSS) has generated P204 billion in realized gains and dividend income from its equity investments over the last 57 years, backed by its “disciplined” long-term outlook and diversified strategy.

“SSS invests only in companies with strong earnings track records, stable business performance, and sound fundamentals. It does not place members’ money in risky or speculative investments,” it said in a statement late on Wednesday.

It said its long-term, diversified investment strategy is meant to protect and grow members’ contributions.

The SSS made the statement in response to news reports on its unrealized or paper losses from its investments in certain listed stocks that amounted to nearly P40…