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Jakarta, June 30, 2026 – PT Tugu Reasuransi Indonesia (Tugure) has once again achieved a significant milestone by receiving the Indonesia Excellence Good Corporate Governance Awards 2026, organized by Warta Ekonomi. The award recognizes the Company's unwavering commitment to consistently implementing the principles of Good Corporate Governance (GCG) as the cornerstone of conducting business in a transparent, accountable, responsible, independent, and value-driven manner.
Carrying the theme "Building Trust Through Future-Ready Governance," the award honors companies that have successfully implemented corporate governance practices that are adaptive to evolving business landscapes, digital transformation, and sustainability demands. The evaluation process was conducted through desk research and media monitoring, assessing various aspects including transparency, accountability, corporate reputation, digital governance, risk management, and sustainability implementation.
This recognition further strengthens Tugure's position as a reinsurance company that continuously enhances its corporate governance practices through stronger transparency, accountability, risk management, and regulatory compliance. Closing the 2025 financial year, the Company recorded a net profit of IDR 110 billion, supported by improved insurance service results and investment income. In addition, the implementation of PSAK 117 has enhanced the quality of the Company's financial reporting by providing greater transparency, comprehensiveness, and compliance with applicable accounting standards.
Tugure's commitment to sound corporate governance is also reflected in its strong regulatory compliance. The Company not only fulfills the requirements established by the Financial Services Authority (OJK) but also exceeds the minimum financial health standards mandated by the regulator. As of the end of 2025, Tugure's Risk-Based Capital (RBC) stood at 201.43%, significantly above the regulatory minimum threshold. From a capital perspective, the Company also demonstrated solid financial fundamentals, with total equity reaching approximately IDR 1.5 trillion, meeting the minimum capital requirements for Indonesia's reinsurance industry in 2026. Looking ahead, Tugure aims to strengthen its capital capacity by achieving Insurance Company Group Classification Based on Equity (KPPE) 2 by 2028, with a projected organic equity growth to IDR 2 trillion.
PT Tugu Reasuransi Indonesia's Operations Director, Erwin Basri, stated that the award serves as both a reminder and a motivation for the Company to continuously strengthen the implementation of Good Corporate Governance as the foundation for sustainable growth.
"We would like to express our sincere appreciation to Warta Ekonomi Research & Consulting and the panel of judges for this recognition. This award motivates us to continue improving while inspiring us to exceed existing standards. For us, good corporate governance is not about being perfect, but about continuously growing, upholding integrity, and taking responsibility in every step of our business journey," said Erwin Basri.
In line with its ongoing business transformation, Tugure continues to strengthen GCG implementation through the optimization of risk management, enhancement of internal control systems, digitalization of business processes, continuous development of human capital competencies, and the cultivation of a strong compliance culture across the organization. These initiatives form an integral part of the Company's strategy to maintain competitiveness, strengthen stakeholder trust, and foster healthy and sustainable business growth amid an increasingly dynamic industry landscape.
As one of Indonesia's leading reinsurance companies, Tugure continues to demonstrate solid operational performance while consistently upholding prudential principles in all business activities. The implementation of Good Corporate Governance not only ensures compliance with regulatory requirements but also contributes to stronger risk management, improved decision-making quality, enhanced corporate resilience in responding to industry challenges, and the creation of long-term value for all stakeholders.
This award serves as a strong motivation for Tugure to further reinforce the implementation of Good Corporate Governance as a key component of its sustainable business growth strategy. Through strengthened transparency, accountability, risk management, compliance culture, and sustainable capital enhancement, Tugure remains committed to creating long-term value for all stakeholders while contributing to the continued development and resilience of Indonesia's insurance industry.
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Innalilahi wainalilahi rojiun
It is with deep sorrow that we announce the passing of
Mr. Usmanshah
Dear Tugure Business Partners,
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