Jakarta, April 21, 2025 – In the spirit of Syawal, which carries profound values of togetherness and gratitude, PT Perta Life Insurance (PertaLife Insurance) held a Media Gathering and Halalbihalal with members of the press. The event served as a platform to appreciate the synergy built with media partners while presenting the company’s 2024 financial performance, which saw record milestones across various financial and operational indicators.
Throughout 2024, PertaLife Insurance recorded gross premiums of IDR 1.252 trillion, the highest in the company’s history. This growth represents a 38.73% increase compared to 2023 and exceeded the 2024 Corporate Budget Plan (RKAP) target by 15.16%. Net profit also reached IDR 97.18 billion, growing 1.09% year-on-year and finishing 15.16% above the RKAP target.
Hanindio W. Hadi, President Director of PertaLife Insurance, stated that these results reflect the effectiveness of the long-term strategy implemented consistently since 2020. “Transformation is not merely a program; it has become part of our DNA. Through strong governance, precise execution, and collaboration across all levels of the organization, we have fundamentally transformed the company’s financial profile,” he explained.
In terms of financial health, PertaLife Insurance’s Risk-Based Capital (RBC) reached 359.66%, the highest in its history and far above the 120% minimum threshold set by the Financial Services Authority (OJK). Cost efficiency also reached an optimal level, with the operating expense to premium income ratio (BOPO) at 12.34%, down from 13.45% in 2023, marking the lowest ratio in more than a decade.
Sigit Panilih, Director of Finance and Investment, added that this achievement was supported by strict budget discipline and strategic adjustments in investment allocation. “Although ROI slightly decreased to 5.79% due to adjustments in unrealized gains within the capital market, our investment performance still outperformed market benchmarks such as the JCI (-2.65%) and ICBI (4.82%).”
Regarding market development, PertaLife successfully balanced contributions between captive and non-captive markets. The non-captive distribution channel grew significantly by 323.77% compared to the previous year, alongside increased contributions from Executive Severance and MAPS programs.
“We will continue to pursue strategic opportunities beyond the captive market and develop products tailored to institutional needs. Health insurance for Pertamina Upstream is a concrete example of our positioning within the Pertamina Group ecosystem,” added Martino Faishal Saudi, Marketing Director of PertaLife Insurance.
The event also served as a networking occasion to strengthen relationships. Ratih Triutami Wijayanti, Corporate Communication of PertaLife Insurance, highlighted that public trust is built through honest and transparent narratives. “We sincerely appreciate the journalists who have consistently communicated PertaLife’s transformation in a constructive manner. This synergy is a vital asset for our future.”
With its impressive 2024 performance, PertaLife Insurance enters 2025 with renewed optimism, strengthening its capital structure; anticipating regulatory shifts such as PSAK 117 and POJK 23; and continuing to develop inclusive and sustainable protection products for the Indonesian public. PLI.
