Jakarta, April 16, 2025 – PT Perta Life Insurance (PertaLife Insurance) has reached a new milestone in its transformation journey by recording the strongest financial performance in its history for the 2024 fiscal year. During the Annual General Meeting of Shareholders (AGMS) held today, PertaLife Insurance’s management presented a series of strategic achievements that strengthen the company’s foundation for sustainable growth.
Gross premiums in 2024 reached IDR 1.252 trillion, surpassing the company’s Work Plan and Budget (RKAP) target of IDR 1.087 trillion. This performance represents a 38.73% increase compared to 2023, driven by effective product expansion and market penetration, particularly through annuity, combined endowment, and whole-life products.
In addition to record-breaking premium income, PertaLife reported a net profit of IDR 97.18 billion, up 1.09% from the previous year. The company’s Risk-Based Capital (RBC) ratio rose significantly to 359.66%, far exceeding the 120% minimum requirement set by the Financial Services Authority (OJK), indicating robust long-term solvency.
Operational efficiency was also a highlight, with the Operating Expense to Premium Income Ratio (BOPO) hitting a historic low of 12.19%. This marks a significant improvement from the pre-transformation historical average, which typically stood above 22%.
“PertaLife’s transformation is not merely a structural change but a tangible leap in performance. The 2024 achievements are the result of internal synergy within PertaLife and the Pertamina Group ecosystem, sharper business strategies, and a steadfast commitment to efficiency,” said Hanindio W. Hadi, President Director of PertaLife Insurance.
From a distribution perspective, contributions from non-captive channels increased significantly by 223.77% compared to the previous year. This reflects the company’s success in developing relevant products beyond its captive market through collaborations with strategic institutions outside the Pertamina Group, although the majority of the portfolio remains within the group’s ecosystem.
“We are not only focused on short-term gains but also on building a sustainable, long-term business supported by rigorous risk management, strong governance, and the development of competent human resources,” added Sigit Panilih, Director of Finance and Investment.
Regarding business development, Marketing Director Martino Faishal Saudi added that the company will continue to launch customer-centric products tailored to market needs through digital platforms as part of PertaLife’s strategic roadmap.
With this achievement, PertaLife Insurance has successfully overhauled its financial profile, transforming from a company that recorded a retained earnings deficit for 24 years into one that now demonstrates consistent positive performance.
Entering 2025, PertaLife Insurance remains optimistic that it can navigate future challenges with strong capital, a healthy financial structure, and integrity. The company remains committed to being a reliable partner in life protection, health insurance, and pension fund management for the Indonesian people, supported by the ongoing trust of its customers. Celebrate Life with PertaLife. PLI.
