State reassurance firm Tugu Pratama booked net profit of Rp166 billion in 2016, grew by 17.7% from Rp141.5 billion in 2015. It booked underwriting income of Rp664.56 billion, inched up 1.7% year on year. The Company’s assets reached Rp8.87 trillion while liability amounted Rp5.47 trillion. Tugu Pratama, subsidiary of state oil and gas firm Pertamina, is set to launch the initial public offering (IPO) this year.