Tugu Reasuransi Indonesia Records Increase in Investment Returns for 2025

PT Tugu Reasuransi Indonesia (Tugure) demonstrated positive performance in its investment returns during 2025. The company recorded investment returns of Rp 223.19 billion. This figure represents an increase of 64.19% compared to the same period in the previous year, which reached Rp 135.93 billion, as reported by Keuangan.

Dradjat Irwansyah, the Finance Director of Tugure, explained that this rise was driven by improved returns from various investment instruments.

“The driving factors generally stem from a combination of solid carry yields from the fixed income portfolio, including Government Securities (SBN) and corporate bonds, as well as optimisation of asset allocation and liquidity placement in deposits,” said Dradjat to Keuangan on Wednesday (18/3/2026).

Furthermore, Dradjat added that the implementation of disciplined risk management, including Asset Liability Management (ALM), duration management, and selectivity of instruments, played a role in keeping the portfolio strong amid market volatility.

Overall, Tugure’s total investment position reached Rp 3.8 trillion at the end of 2025, with the largest portion in SBN instruments at Rp 1.41 trillion.

Although investment returns saw a significant increase, Dradjat emphasised that the company does not rely on investment results as the sole support for profits. He views it as a healthy diversification of income.

In addition to investments, positive underwriting results of Rp 91.5 billion in 2025 also supported the company’s profits.

This increase in investment returns strengthens the earnings buffer and supports profit stability, particularly when the industry underwriting cycle is less favourable. The company’s financial health position also remains solid, with a Solvency Level Achievement Ratio of 200% and an Investment Sufficiency Ratio of 127% in 2025.

“This means that the contribution from investments is managed within prudential limits, in line with principles of prudence and portfolio sustainability,” said Dradjat.