Q1 2026: Tugu Insurance (TUGU) Records Net Profit of Rp 265.62 Billion

JAKARTA, KOMPAS.com - PT Asuransi Tugu Pratama Indonesia Tbk (TUGU) or Tugu Insurance recorded a profit for the year attributable to owners of the parent entity of Rp 265.62 billion in the first quarter of 2026. The company stated that this achievement was attained amid rising global geopolitical uncertainties and energy price volatility at the start of the year. Tugu Insurance’s Director of Finance and Corporate Services, Fitri Azwar, said that the first quarter of 2026 was a dynamic period for the insurance industry. “Amid increasing global geopolitical uncertainties and energy price volatility, the Company remains focused on maintaining the quality of business growth. Underwriting discipline, portfolio strengthening, and measured risk management have become important foundations for Tugu Insurance to sustain healthy and sustainable performance,” Fitri stated in an official release on Wednesday (6/5/2026). In line with the implementation of PSAK 117, the company made adjustments in the presentation of financial statements, including restatement of previous year’s financial statements to ensure consistency and comparability of performance. The company stated that all adjustments have been made in accordance with applicable accounting standards as part of its commitment to enhancing transparency and the quality of financial reporting. Meanwhile, insurance service results were recorded at Rp 461.01 billion, up 2.18% from the same period last year at Rp 451.16 billion. The company noted that this performance was supported by selective portfolio management in the fire and property, offshore, and marine cargo lines, which have been one of the main contributors to Tugu Insurance’s business. On the other hand, investment income was recorded at Rp 88.17 billion in the first quarter of 2026. Operational income from other sources was recorded at Rp 156.02 billion, an increase of 31.25% compared to the same period the previous year at Rp 118.88 billion. According to the company, this achievement reflects the role of subsidiaries in strengthening the diversification of the company’s revenue sources. Fitri said that the company’s capital structure remains strong to support business sustainability.