Bogor, January 24, 2025 – PertaLife Insurance reported positive financial performance throughout 2024, with growth in revenue and net profit compared to the company’s 2024 Work Plan and Budget (RKAP) target.
Based on unaudited financial data as of December 31, 2024, the company successfully recorded the highest gross premium in its history, reaching IDR 1.252,34 trillion, exceeding the RKAP target of IDR 1.087,49 trillion.
The gross premium growth of 15.16% above the 2024 RKAP target reflects the company’s business strategy focused on strengthening customer services, diversifying products, and optimizing distribution channels. Increasing trust from policyholders has also been a key factor behind this achievement, indicating that PertaLife Insurance’s products are becoming increasingly relevant and aligned with the needs of the public.
President Director of PertaLife Insurance, Hanindio W. Hadi, explained that the RKAP reflects strategic targets based on both internal and external factors that have been carefully considered. Evaluation based on RKAP enables the company to assess the effectiveness of its strategies, identify challenges, and ensure that achievements remain aligned with planned objectives. “This approach provides greater transparency for stakeholders and helps the company adapt for sustainable growth,” Hanindio said during a presentation to the media at a media gathering event in Bogor (January 24, 2025).
In addition to the growth in gross premiums, PertaLife Insurance also recorded profit after tax of IDR 82.85 billion, representing an 8.85% increase compared to the RKAP target of IDR 76.11 billion. “Investment income also showed positive growth, reaching IDR 142.69 billion, an increase of 13.84% compared to the 2024 RKAP target of IDR 125.34 billion,” added Sigit Panilih, Director of Finance and Investment at PertaLife Insurance.
From a solvency perspective, PertaLife Insurance improved its Risk Based Capital (RBC) to 347.90%, significantly above the regulatory minimum requirement of 120%. “This reflects the company’s strong financial condition and its ability to meet long-term obligations,” said Sigit.
PertaLife Insurance’s positive performance was also supported by improved operational efficiency. The expense-to-gross premium ratio was successfully reduced to 12.34% in 2024, demonstrating improved efficiency compared to the 2024 RKAP target of 13.57%. This achievement reflects the company’s success in managing operational costs effectively while maintaining optimal service quality for customers.
Hanindio stated that the company’s achievements are the result of its commitment to delivering the best services to customers and implementing the right business strategies. He emphasized that the company will continue to innovate in product development, expand service coverage, and improve operational efficiency to maintain positive growth in the coming years.
He also highlighted the increasing level of trust as a result of continuous improvements since the implementation of The Real Transformation 2020 program. This progress has been supported by the commitment of the Pertamina Group ecosystem and other customers, creating a positive domino effect.
Hanindio appreciated the achievement and reaffirmed the company’s commitment to maintaining sustainable growth. At the same time, he acknowledged that there is still room for improvement to achieve even better performance in the future. Going forward, PertaLife Insurance will continue to strengthen its competitive advantages through service digitalization, innovative product development, and expanded strategic partnerships to meet the increasingly diverse protection needs of the public.
Meanwhile, Marketing Director of PertaLife Insurance, Martino Faishal Saudi, added that to increase revenue opportunities from the captive market, the company will develop products tailored to the needs of the Pertamina Group and Timah Group. “One example is that we have started working on health insurance products for Pertamina Upstream,” he said. PLI.
