Revenue Surpasses Rp9 Trillion, This Under-the-Radar Strategy Becomes the Key to Its Success
PT Asuransi Tugu Pratama Indonesia Tbk (Tugu Insurance/TUGU) has posted positive consolidated performance throughout 2025 amid the dynamics of the insurance industry and the full implementation of PSAK 117.
The company recorded profit for the year attributable to the owners of the parent entity at Rp711.06 billion, compared to Rp401.57 billion in the previous year as restated in connection with the adoption of PSAK 117. This achievement reflects the company’s performance remaining stable amid changes in financial reporting standards.
In line with the adoption of PSAK 117, the company has made adjustments in the presentation of its financial statements, including the restatement of the previous year’s financial statements to ensure consistency and comparability of performance. These changes primarily impact the recognition of insurance contract revenue and expenses, thus affecting the overall presentation of profit in 2024.
The company assures that all such adjustments have been made in accordance with applicable accounting standards, as part of its commitment to enhancing transparency and the quality of financial reporting.
Throughout 2025, the company recorded insurance service revenue of Rp9.11 trillion, up 22.12% from the previous year. Meanwhile, insurance service results increased 39.10% to Rp1.02 trillion. This performance was supported by the optimisation of portfolios in the fire & property, offshore, and aviation insurance lines, which remain the main contributors.
The company’s investment results were recorded at Rp717.36 billion, reflecting a prudent and adaptive portfolio management strategy in response to market dynamics. Meanwhile, other operating income reached Rp542.52 billion, supported by ongoing contributions from subsidiaries that strengthen the diversification of revenue sources for the TUGU Group.
President Director of Tugu Insurance, Adi Pramana, stated that the performance throughout 2025 demonstrates the company’s business condition remaining stable amid industry dynamics. “The company continues to maintain a balance between business growth and risk management through portfolio strengthening and discipline in underwriting. These efforts are part of the company’s steps to maintain healthy and sustainable performance,” said Adi Pramana.
On the balance sheet side, the company’s total assets were recorded at Rp27.71 trillion, while total equity reached Rp10.17 trillion with a Risk Based Capital (RBC) level of 410.9%, far exceeding the minimum regulatory requirement of 120%.
Finance Director & Corporate Services of Tugu Insurance, Fitri Azwar, added that the implementation of PSAK 117 is part of the company’s efforts to improve the quality of financial reporting.
“The implementation of PSAK 117 represents an adjustment to applicable reporting standards. The company continues to ensure that the performance achieved is supported by healthy fundamentals, measured risk management, and a strong capital structure,” said Fitri.
Looking ahead, the company will continue to strengthen business fundamentals and improve the quality of growth while prioritising prudence principles. With an adaptive strategy, Tugu Insurance is optimistic about maintaining growth momentum while delivering sustainable added value for shareholders and stakeholders.