Asuransi Astra Diversifies Business, Motor Vehicle Insurance Still Dominates
Jakarta, CNBC Indonesia — Motor vehicle insurance remains the main pillar of Asuransi Astra’s revenue, contributing 35%. Nevertheless, the company continues to pursue business diversification throughout its seven-decade journey.
Asuransi Astra recorded premium income of up to Rp3.84 trillion as of April 2026, an increase from Rp3.56 trillion in the previous year.
President Director of Asurability Astra, Maximiliaan Agatisianus, stated that motor vehicle insurance remains the company’s core business. However, this segment is no longer the sole source of income as the company’s business portfolio expands.
“Currently, motor vehicle insurance accounts for approximately 35% of our total revenue portfolio. The remainder is a combination of commercial lines, primarily, plus health insurance, representing our diversification efforts,” Maximiliaan said during the Media Conference Kick Off #SevenDecadesOfAsuransiAstra in Jakarta on Tuesday (3/6/2026).
He noted that diversification is a vital strategy to maintain business growth and ensure the company remains relevant to evolving market needs. Consequently, Asuransi Astra continues to expand its business through product and service development across various segments.
Despite this, Maximiliaan emphasised that the company currently has no plans for acquisitions. The company prefers to focus on organic growth, assessing that the opportunities for business development in the motor vehicle, commercial, and health segments remain substantial.
He explained that the pressure on the automotive industry caused by the slowdown in car and motorcycle sales does not necessarily disrupt the company’s business prospects, as Asuransi Astra possesses other growth drivers from its commercial and health insurance lines.
The year 2026 marks a significant milestone for Asuransi Astra as it enters its seventh decade. The company affirmed that its 70th-anniversary celebrations will focus not only on business achievements but also on efforts to provide tangible benefits to the community through various social and educational programmes.
As part of the celebrations, Asuransi Astra has prepared several activities, ranging from the ACTION! financial literacy and inclusion competition for university students and the Apresiasi Pewarta Asuransi Astra journalism competition, to the peak of the seven-decade celebration scheduled for 10-12 September 2026.