Tugu Insurance Records Profit of Rp 265.62 Billion in Q1 2026
Amid rising global geopolitical uncertainties and energy price volatility in the first quarter of 2026, PT Asuransi Tugu Pratama Indonesia Tbk (Tugu Insurance/TUGU) continued to deliver positive performance with maintained fundamentals.
In Q1 2026, the Company recorded a profit for the year attributable to the owners of the parent entity, or net profit, of Rp 265.62 billion.
This achievement reflects the Company’s ability to sustain healthy performance amid market dynamics and changes in financial reporting standards.
In line with the implementation of Financial Accounting Standards Statement (PSAK) 117, the Company has made adjustments to the presentation of financial statements, including restatement of the previous year’s financial statements to ensure consistency and comparability of performance.
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.
“Amid rising 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 are key foundations for Tugu Insurance to sustain healthy and sustainable performance,” said Fitri in a press release on Wednesday (6/5/2026).
In Q1 2026, according to recordings under PSAK 117, the Company booked insurance service revenue of Rp 2.57 trillion. This represents a 5.96% increase from the same period in the previous year, which was Rp 2.42 trillion.
Meanwhile, insurance service results reached Rp 461.01 billion, up 2.18% compared to the same period in the previous year, which was recorded at Rp 451.16 billion.
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.
Furthermore, other operational income was recorded at Rp 156.02 billion, a 31.25% increase compared to Rp 118.88 billion in the same period the previous year. This achievement reflects the role of subsidiaries in strengthening the Company’s revenue diversification.
Fitri also stated that the capital structure remains strong to support the Company’s business sustainability. Total equity is solid at Rp 10.17 trillion, with a Risk Based Capital (RBC) level of 420.5%. Meanwhile, the Company’s total assets were recorded at Rp 29.69 trillion as of the end of March 2026.
“A solid capital structure provides flexibility for the Company to maintain performance stability while supporting the future growth agenda. The Company will continue to ensure prudent capital management, in line with its commitment to maintaining fundamentals and adding value for all stakeholders,” said Fitri.
Fitri added that the Company continues to ensure the quality of financial reporting in line with applicable accounting standards.
Looking ahead, Tugu Insurance will continue to strengthen business fundamentals and improve the quality of growth while prioritising prudence principles.
The Company will also optimise portfolio management, maintain risk discipline, and strengthen the contribution of subsidiaries as part of Tugu Insurance’s growth strategy.