Tugu Insurance Delivers Rp594.8 Billion Profit as Strong Performance Continues Through 2025
Tugu Insurance has reinforced its position as one of Indonesia’s most resilient general insurers, reporting Rp594.8 billion in profit attributable to shareholders for the period ending September 2025. The company achieved this result despite the full implementation of PSAK 117 and ongoing volatility across both the insurance industry and the broader economy.
The solid performance highlights Tugu’s ability to maintain sustainable profitability even as the regulatory and competitive landscape grows increasingly complex. During the first nine months of the year, the company recorded Rp682.6 billion in insurance service revenue, supported by 5.6 percent premium growth — significantly higher than the industry average of 3.4 percent.
President Director Adi Pramana credited shareholders, business partners, and stakeholders for their continued support. He added that Tugu remains optimistic about sustaining positive business momentum in the years ahead.
Tugu Insurance also strengthened its market position across its core business lines. Based on Gross Written Premium (GWP), the company maintains a leading position in marine hull and aviation insurance. In the property segment, Tugu climbed from fourth place to second in 2024, while remaining among the top five players in marine cargo and offshore energy. These achievements reinforce Tugu’s operational stability and provide a strong platform for long-term growth.
Financial performance was also supported by robust investment returns. According to Finance and Corporate Services Director Fitri Azwar, investment income rose 21 percent year-on-year to Rp509 billion in the third quarter. The company’s strategic focus on liquid assets and prudent portfolio management helped sustain stable returns amid market volatility. Other operating income reached Rp390.9 billion, driven by the consistent expansion of Tugu’s subsidiaries, which continue to diversify the group’s revenue streams.
Fitri noted that the adoption of PSAK 117 has enhanced transparency and alignment with international accounting standards. As a result, both total assets and equity increased compared with year-end 2024, reinforcing Tugu’s strong and healthy capital structure. Growth in insurance and reinsurance contract assets, combined with solid investment performance, contributed to the improvement.
Tugu’s capital adequacy remains well above regulatory requirements. As of September 2025, the company recorded a Risk Based Capital (RBC) ratio of 360.9 percent, far exceeding the Financial Services Authority’s (OJK) minimum requirement of 120 percent and surpassing the general and reinsurance industry average of 326.4 percent. Its Investment Adequacy Ratio (RKI) stood at 272.6 percent as of July 2025, significantly higher than the industry average of 166.5 percent. These indicators underscore the company’s financial strength, its ability to meet obligations, and the overall soundness of its balance sheet.
Beyond financial performance, Tugu Insurance — a subsidiary of PT Pertamina (Persero) — continues to advance its ESG commitments through the Bakti Tugu program. Environmental initiatives include the planting of more than 10,000 mangrove trees to restore marine ecosystems, as well as the application of circular economy principles in processing up to 1.7 tons of textile waste, fostering more responsible and sustainable ecological practices.
With strong financial metrics, market leadership across key insurance segments, and a maturing ESG agenda, Tugu Insurance enters the final quarter of 2025 well-positioned to maintain its growth trajectory and reinforce its role as a leading player in Indonesia’s insurance industry.