Insurance firm PT Asuransi Jasa Indonesia (Jasindo) reported premium income of Rp1.24 trillion as of May 2024, an increase of 56.65% on an annual basis (unaudited). According to the company’s financial report released on Sunday (June 30), Jasindo’s assets reached Rp14.45 trillion, up 5.41% year on year (y/y). Meanwhile, the company’s liabilities reached Rp11.26 trillion, increased 4.15% y/y.
This achievement means the company’s return on assets (ROA) is at the level of 0.49% in May 2024, while the return on equity (ROE) is at the level of 2.44%. “Until May 2024, Jasindo’s ROA was able to grow by 0.49% and Jasindo’s ROE also showed an increase, growing by 2.44%,” said Jasindo’s Corporate Secretary, Brellian Gema, as quoted by Bisnis.com on Sunday (June 30).
Brellian explained that this achievement was the result of Jasindo’s efforts to improve business performance in core competencies and the implementation of prudent underwriting. This is also reflected in the increase in profits and company underwriting results. It was recorded that Jasindo’s underwriting results reached Rp137 billion, up from the previous Rp66.5 billion. Meanwhile, investment returns reached Rp107 billion, up 24.4% y/y.
