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Increase decrease 2025 Q4.pdf

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Page 1
                                                                            December 31,           December 31,         %
                               ASSETS                                                                                           Note
                                                                                2025                   2024        Incr/(Dec)
 Cash on hand and in banks                                                         1.001.539             668.876       49,73%    A
 Premium receivables - Sharia                                                              4.728           1.136     316,20%     B
 Investment receivables                                                              164.607             167.949
 Other receivables                                                                     51.304             18.867    171,92%      C
 Prepaid expenses                                                                    105.078             136.191    (22,85%)     D
 Investments                                                                     14.077.352           12.918.870
 Fixed assets - net                                                                  162.482             168.809
 Right-of-use assets - net                                                             17.041              7.904     115,60%     E
 Other assets                                                                        287.071             283.855
 TOTAL ASSETS                                                                    15.871.202           14.372.457


 The explanation of increase/decrease of asset as of December 31, 2025:

 Note                                                  Explanation
            Increase in Cash on hand and in banks mainly due to increase of cash in Bank CIMB and Sinarmas
    A       amounting to Rp227bio and Rp205bio, respectively. The increase were nett off with decrease of
            cash in Maybank, Bukopin, BNI and BCA.
    B       Increase of Premium receivables mainly caused by significant increase of Health Product.
    C       Increase of other receivables mainly due to increase of management fee for Unit Link Product.
            Decrease of prepaid expense mainly due to decrease of prepaid commission to agent due lower
    D
            financing in 2025.
    E       Increase of ROU asset, mainly due to contract extention of MSIG tower in 2025.




PT MSIG Life Insurance Indonesia Tbk
Kantor Pusat
Sinarmas Land Plaza Sudirman, Lt. 6, Jln. Jend. Sudirman Kav 21 Jakarta 12920-Indonesia.
Telp: (021) 5059 7777. Customer Care: (021) 5060 9999, 2650 8300. Whatsapp: 08812341088
Website: www.msiglife.co.id
PT MSIG Life Insurance Indonesia Tbk berizin dan diawasi Otoritas Jasa Keuangan
Page 2
                                                                            December 31,           December 31,         %
                    LIABILITIES AND EQUITY                                                                                       Note
                                                                                2025                   2024         Incr/(Dec)
 LIABILITIES
 Insurance contract liabilities                                                    6.164.445           4.961.616       24,24%     F
 Reinsurance contract liabilities                                                      11.180              3.788     195,14%      G
 Commissions payable - Sharia                                                              1.835           2.776     (33,90%)     H
 Liabilities to policy holders - Sharia:
     Liability for future policy benefits                                            129.493             150.546
     Unearned premiums                                                                     4.754           4.096
     Estimated claims liability                                                        19.396             19.284
     Claims payable                                                                        1.244           1.263
 Accrued expenses                                                                    139.692             112.720       23,93%     I
 Employee benefits liability                                                           21.821             26.110
 Lease liabilities                                                                     15.453              6.876
 Taxes payable                                                                             2.025           4.659     (56,54%)     J
 Deferred tax liabilities                                                              61.660             28.907     113,30%      K
 Other liabilities                                                                   223.762             112.375       99,12%     L
 Policyholder's Deposit                                                              328.836             281.463
 Unearned Ujrah                                                                        41.909             55.419     (24,38%)     M
 TOTAL LIABILITIES                                                                7.167.505            5.771.898


 PARTICIPANTS' FUND                                                                  193.306             184.595


 EQUITY
 Share Capital
 Share capital - Rp100 (full amount) par value per
 share Authorized, issued and fully paid -
 2,100,000,000 (full amount) shares                                                  210.000             210.000
 Additional paid-in capital                                                        6.842.500           6.842.500
 Unrealized gain on changes in fair value of
 securities at fair value through other
 comprehensive income - net                                                          410.183              62.407
 Allowance for impairment losses on securities
 measured at fair value through other
 comprehensive income                                                                      6.062           2.867
 Revaluation surplus on land and buildings - net                                     113.331             118.229
 Retained earnings                                                                 1.142.999           1.246.768       23,93%     N
 Other comprehensive income                                                        (214.684)             (66.807)
 TOTAL EQUITY                                                                     8.510.391            8.415.964
 TOTAL LIABILITIES, PARTICIPANTS' FUND AND
 EQUITY                                                                          15.871.202           14.372.457



PT MSIG Life Insurance Indonesia Tbk
Kantor Pusat
Sinarmas Land Plaza Sudirman, Lt. 6, Jln. Jend. Sudirman Kav 21 Jakarta 12920-Indonesia.
Telp: (021) 5059 7777. Customer Care: (021) 5060 9999, 2650 8300. Whatsapp: 08812341088
Website: www.msiglife.co.id
PT MSIG Life Insurance Indonesia Tbk berizin dan diawasi Otoritas Jasa Keuangan
Page 3
 The explanation of increase/decrease of liabilities as of
 December 31, 2025:

 Note                                                     Explanation
            Increase of insurance contract liabilities mainly due to increase of health claim and update IFRS 17
    F
            assumption relates to partial withdrawal.
            Increase in reinsurance contracts liability mainly due to changes methodology from surplus to
    G       quota share that has more coverage compare to prior year.
            Decrease of commission Payable shariah align with decrease of shariah product in 2025 due to
    H
            Spin-off preparation.
            Increase of accrued expense mainly due to increase of outstanding invoice relates to operational
     I
            expense by the end of 2025.
   J        Decrease of tax payable mainly due to decrease of withholding tax article 21 and VAT.
   K        Increase of deferred tax liabilities mainly due to increase of unrealize gain in marketable securities.
   L        Increase of other liabilities mainly due to the addition of provision relates to litigation cases.
   M        Decrease in Unearned ujrah mainly due to decrease of Production In 2025.
   N        Decrease of retained earning mainly due to decrease of current year profit in 2025.




PT MSIG Life Insurance Indonesia Tbk
Kantor Pusat
Sinarmas Land Plaza Sudirman, Lt. 6, Jln. Jend. Sudirman Kav 21 Jakarta 12920-Indonesia.
Telp: (021) 5059 7777. Customer Care: (021) 5060 9999, 2650 8300. Whatsapp: 08812341088
Website: www.msiglife.co.id
PT MSIG Life Insurance Indonesia Tbk berizin dan diawasi Otoritas Jasa Keuangan

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