MEDIAVER.ID -- Three general insurance companies that became the Best General Insurance 2023 Media Insurance equity group of IDR 300 billion – IDR 500 billion, showed a positive increase in performance in 2022.
The results of the study by the Insurance Media Research Institute (LRMA) show growth in these 3 best insurance companies, PT Asuransi Samsung Tugu, PT Asuransi Listrik TShield Nasional, and PT Asuransi Dayin Mitra Tbk. These three companies managed to fill positions 1-3 in the list of Best General Insurance 2023 Media Asuransi in their groups.
PT Asuransi Samsung Tugu managed to show an increase in the company's profit by 90.57 percent, from the original IDR 29.81 billion in 2021 to IDR 56.82 billion in 2022.
The increase was recorded by Samsung Insurance thanks to selective, prudent, and strict underwriting. In addition, the company found a new business from a project from a South Korean company that invested in Indonesia, namely a chemical processing project with a gross premium value of around US $ 10 million.
Meanwhile, PT Asuransi Listrik TShield Nasional also managed to show a positive increase in several financial indicators, such as asset growth of 12.75 percent, from IDR 1.54 trillion in 2021 to IDR 1.73 trillion in 2022. Net profit increased significantly by 131.32 percent from IDR 24.03 billion in 2021 to IDR 55.60 billion in 2022.
President Director of PLN Insurance, Moch Hirmas Fuady, said that the best performance achieved in 2022 by achieving corporate targets consisted of 7 components. "The increase starts from premium income, underwriting results, investment returns, operating expenses, operating profits, profit before tax, and profit after tax," he said.
In third position, PT Asuransi Dayin Mitra showed a net premium growth of 11.96 percent, from IDR 155.22 billion in 2021 to IDR 173.78 billion in 2022. The investment value increased slightly by 0.92 percent from IDR 365 billion in 2021 to IDR 369 billion in 2022.
Meanwhile, underwriting results rose very slightly by 0.15 percent, from IDR 134.43 billion in 2021 to an increase of IDR 134.62 billion in 2022. The company's equity increased 0.95 percent from IDR 361.70 billion in 2021 to IDR 365.12 billion in 2022.