Close
Close Language Selection
PAGE TITLE HERE

Tugure Records Positive 2025 Performance, PSAK 117 Implementation Strengthens Financial Reporting Qu

News
29 Apr 2026
Tugure Records Positive 2025 Performance, PSAK 117 Implementation Strengthens Financial Reporting Qu

Jakarta, April 29, 2026 – PT Tugu Reasuransi Indonesia (Tugure) delivered a positive performance throughout the 2025 financial year, which also marked an important milestone with the implementation of the new accounting standard, PSAK 117.

Through the adoption of PSAK 117, the Company has further enhanced the transparency and quality of its financial reporting, particularly in presenting insurance service performance in a more comprehensive manner. This implementation also contributed to significant improvements across several key performance indicators.

Based on the audited financial statements as of December 31, 2025, Tugure recorded insurance service results of IDR 192.2 billion, a significant increase from IDR 8.9 billion in the previous period. Meanwhile, investment income reached IDR 254.4 billion, representing a 57% increase compared to IDR 161.2 billion in 2024. The Company also recorded a net profit of IDR 110 billion.

Tugure’s Finance Director, Dradjat Irwansyah, stated that the implementation of PSAK 117 provides a more comprehensive perspective on the Company’s performance.

“The adoption of PSAK 117 requires us to present insurance service performance transparently and in a way that accurately reflects the Company’s financial condition. This serves as an important foundation for strengthening the quality of our financial reporting and supporting better decision-making going forward,” he said.

The Company’s performance reflects the strengthening of its business fundamentals, supported by disciplined underwriting practices and a more selective portfolio management approach.

Entering 2026, Tugure views the outlook for the reinsurance industry as remaining positive, despite increasingly competitive market dynamics as the industry begins to enter a softening market phase. In this context, the Company continues to prioritize a selective and sustainable growth strategy.

From a capital perspective, Tugure also maintains a solid position. The Company’s equity has reached IDR 1.5 trillion, meeting the minimum capital requirements for the reinsurance industry in 2026 as stipulated by the Financial Services Authority (OJK). Looking ahead, the Company aims to enhance its capital capacity by achieving KPPE 2 status by 2028 and is optimistic that equity can grow organically to reach IDR 2 trillion.

Amid ongoing global dynamics, including economic volatility and geopolitical tensions, Tugure will continue to emphasize prudent risk management. This remains particularly important as the reinsurance market enters a softening phase, requiring careful anticipation of external risks.

In line with this strategy, the Company continues to strengthen its business through enhanced underwriting quality, portfolio optimization, and stronger collaboration with domestic partners. Tugure also remains open to selective expansion opportunities in both domestic and regional markets, while carefully considering risk profiles and profitability potential.

With increasingly strong fundamentals following the implementation of PSAK 117, Tugure remains optimistic about sustaining its performance and continuing to contribute to the strengthening of Indonesia’s national reinsurance industry.

Related News and Feature