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Increase Decrease Asset and Liabilities Q3.pdf
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Page 1
ASSETS September 30, 2025 December 31, 2024 % Incr/(Dec) Note
Cash on hand and in banks 795.834 668.876
Premium receivables - Sharia 3.193 1.136 181.07% A
Investment receivables 136.267 167.949
Other receivables 41.976 32.870 27.70% B
Prepaid expenses 119.672 136.191
Investments 13.606.544 12.918.870
Fixed assets - net 161.048 168.809
Right-of-use assets - net 1.935 7.904 -75.52% C
Other assets 285.800 283.855
TOTAL ASSETS 15.152.269 14.386.460
The explanation of increase/decrease of asset as of September 30, 2025:
Note Explanation
The increase in Premium Receivables – Sharia was primarily attributable to the launch of a new traditional
A
product in September 2025.
B Increase in Other receivables mainly caused by significant increase of health product group (excess charges).
The significant decrease in the right-of-use asset was primarily driven by the office lease nearing its renewal
C
term.
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
LIABILITIES AND EQUITY September 30, 2025 December 31, 2024 % Incr/(Dec) Note
LIABILITIES
Insurance contract liabilities 5.530.536 4.847.901
Reinsurance contract liabilities 18.519 3.788 388.89% D
Commissions payable - Sharia 2.418 2.776
Liabilities to policy holders - Sharia:
Liability for future policy benefits 132.021 150.546
Unearned premiums 5.039 4.095 23.05% E
Estimated claims liability 19.759 19.283
Claims payable 1.869 1.263
Accrued expenses 97.456 112.720
Employee benefits liability 33.702 26.110
Lease liabilities 514 6.876
Taxes payable 6.937 4.659
Deferred tax liabilities 51.666 28.907 78.73% F
Other liabilities 272.182 240.097
Policyholder's Deposit 290.886 281.463
Unearned Ujrah 38.882 55.417 -29.84% G
TOTAL LIABILITIES 6.502.386 5.785.901
PARTICIPANTS' FUND 184.713 184.595
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 317.100 62.407
Allowance for impairment losses on securities
measured at fair value through other
comprehensive income 6.682 2.867
Revaluation surplus on land and buildings - net 114.555 118.229
Retained earnings (119.601) 1.246.768
Other comprehensive income 1.093.934 (66.807)
TOTAL EQUITY 8.465.170 8.415.964
TOTAL LIABILITIES, PARTICIPANTS' FUND AND
EQUITY 15.152.269 14.386.460
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 September 30, 2025:
Note Explanation
Increase in Reinsurance contract liabilities primarily due to a change in the reinsurance method from Non-
D
Proportional (Excess of Loss) to Proportional (Quota Share – Surplus).
Increase in UPR mainly caused by significant increase of health and personal accident product, as well as the
E
impact of changes in discount rate.
The significant increase in Deferred tax liabilities mainly caused by significant increase of Unrealized gain on
F
the changes in fair value of marketable securities.
G Decrease in unearned ujrah mainly caused by significant decrease of death term life product group.
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
Names mentioned 4 people and organisations named in the text · linked when the evidence is strong
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Life Insurance Indonesia Tbk
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