The general insurance issuer, PT Asurability Tugu Pratama Indonesia\nTbk (TUGU), recorded significant profit growth in the first half of\n2026. Profit attributable to the owners of the parent entity surged\n76.87% year-on-year to Rp480.29 billion, up from Rp271.55 billion during\nthe same period last year.<\/p>\n
According to financial reports published on the Indonesia Stock\nExchange (IDX), this profit spike was supported by improving\nunderwriting performance. Insurance service revenue rose 16.32%\nyear-on-year to Rp4.45 trillion from Rp3.83 trillion. Conversely,\ninsurance service expenses dropped sharply by 34.81% year-on-year to\nRp3.14 trillion from Rp4.81 trillion in the first half of 2025.<\/p>\n
This improvement resulted in insurance service results nearly\ndoubling to Rp602.95 billion, compared to Rp324.94 billion in the first\nhalf of 2025. In terms of profitability, pre-tax profit also increased\nby 47.84% to Rp554.78 billion, compared to Rp375.25 billion in the\nprevious year\u2019s corresponding period.<\/p>\n
After deducting final tax and income tax, the current period profit\nwas recorded at Rp493.51 billion, up from Rp311.47 billion in the first\nhalf of 2025. Meanwhile, investment income reached Rp140.50 billion,\nwhile other operating income was recorded at Rp321.29 billion. However,\nother operating expenses also increased to Rp504.08 billion, compared to\nRp397.68 billion in the same period last year.<\/p>\n
Regarding the balance sheet, TUGU\u2019s total assets as of 30 June 2026\ngrew by 6.41% to Rp29.49 trillion, compared to the end-2025 position of\nRp27.71 trillion. The increase in assets was primarily supported by the\nrise in insurance and reinsurance contract assets to Rp12.88 trillion,\nfrom Rp10.59 trillion at the end of last year.<\/p>\n
On the other hand, total liabilities increased to Rp19.44 trillion\nfrom Rp17.50 trillion at the end of 2025, following the rise in\ninsurance and reinsurance contract liabilities to Rp17.66 trillion from\nRp15.37 trillion. Total equity was recorded at Rp10.01 trillion,\nremaining relatively stable compared to the end-of-year position of\nRp10.17 trillion. Equity attributable to the owners of the parent entity\nreached Rp9.18 trillion.<\/p>\n
In addition to the profit growth, TUGU also recorded earnings per\nshare (EPS) of Rp135, an increase from Rp76 in the first half of\n2025.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/tugu-insurance-tugu-profits-surge-by-76-87-due-to-improved-underwriting-1785487971", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }