Profitability Increases, MSIG Life Drives Quality Growth

PT MSIG Life Insurance Indonesia Tbk (MSIG Life) has recorded quality growth across its key indicators throughout the first half of 2026.

Net profit increased significantly to Rp181 billion, representing a 69% year-on-year increase. The Contractual Service Margin (CSM), which reflects future profits from ongoing insurance contracts recognised gradually over the coverage period, grew by 8% year-on-year to Rp913 billion. Renewal premiums reached Rp1 trillion (+27% YoY), while Annualised Premium Equivalent (APE) was recorded at Rp691 billion.

“The first-half performance of 202ng shows that we are on the right track in driving quality business growth. This achievement is built upon disciplined cost management, strengthened operational productivity, and increased customer satisfaction,” said Herman Sulistyo, Director & Chief Strategic Distribution, Government & Partnership Officer at MSIG Life, on Friday (11/9/2026).

This performance is supported by strong capitalisation. MSIG Life’s equity reached Rp8.2 trillion, far exceeding the highest minimum requirement for insurance companies under Financial Services Authority (OJK) Regulation Number 23 of 2023, which is set at Rp1 trillion to be met by 31 December 2028.

“We continue to focus on expansion and the optimisation of multi-channel distribution, investment in digital and AI, as well as product innovation to meet increasingly diverse customer needs. These steps further strengthen our position as a trusted partner for the Indonesian people, while creating long-term value for customers, shareholders, and business partners,” said Elly Susanti, Director & Chief Operating & IT Officer of MSIG Life.

MSIG Life also announced that PT MSIG Sharia Life Insurance Indonesia obtained a business licence from the Financial Services Authority on 22 July 2026, and has officially been operating as a separate entity since 3 August 2026.

MSIG Life is part of MS&AD Insurance Group Holdings, Inc., a leading Japanese-based insurance and financial services group with a network spanning 48 countries. As the largest Japanese joint venture life insurance company in Indonesia, MSIG Life provides comprehensive financial solutions, including life, health, and unit-linked protection, as well as pension solutions, to meet customer needs at every stage of life.