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incr decr 2025 Q1.pdf

Financial statement Text extracted LIFE

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Page 1
                                                                              March 31,            December 31,
                                ASSETS                                                                             % Incr/(Dec)   Note
                                                                               2025                    2024
 Cash on hand and in banks                                                          787.325             668.876
 Premium receivables                                                                105.033               68.495     53,34%        A
 Investment receivables                                                             183.906             167.949
 Reinsurance assets                                                                   89.622              68.721     30,41%        B
 Other receivables                                                                    38.306              32.870
 Prepaid expenses                                                                   134.849             136.191
 Investments                                                                    12.777.628            12.918.870
 Policy loans                                                                              2.601           2.607
 Fixed assets, net                                                                  166.747             168.809
 Right use of assets                                                                       5.830           7.904
 Other assets                                                                       354.877             350.134
 TOTAL ASSETS                                                                   14.646.724            14.591.426


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


 Note                                                       Explanation
 A          The siginificant increase in due to premium receivable in health group product.
 B          The siginificant increase in due to reinsurance asset non-receivables.




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
                                                                                March 31,           December 31,        %
                     LIABILITIES AND EQUITY                                                                                      Note
                                                                                 2025                   2024        Incr/(Dec)
 LIABILITIES
 Due to reinsurers                                                                         95.061          72.509
 Commissions payable                                                                       94.774          99.522
 Accrued expenses                                                                          94.139         112.720
 Employee benefits liability                                                               30.469          26.110
 Lease liabilities                                                                          6.818           6.876
 Taxes payable                                                                             11.857           4.659   154,50%       C
 Deferred tax liabilities                                                                  29.307          28.907
 Other liabilities                                                                     227.004            240.097
 Unearned Ujrah                                                                            55.323          55.419
 Liabilities to policy holders:
        Liability for future policy benefits                                        1.949.889           1.918.519
        Liability for unit link                                                     3.174.392           3.283.190
        Unearned premiums                                                              382.957            275.435    39,04%       D
        Estimated claims liability                                                     327.871            302.319
        Claims payable                                                                     58.085          43.924    32,24%       E
        Policyholders' deposits                                                        278.219            281.463
 Total liabilities to policyholders                                                 6.171.413           6.104.850
 TOTAL LIABILITIES                                                                  6.816.165           6.751.669



 PARTICIPANTS' FUND                                                                    155.648            184.595


 EQUITY
 Share Capital
 Share capital - Rp100 (full amount) par value per
 share of December 31, 2020
 Authorized, issued and fully paid - 2,100,000,000 (full
 amount) shares as of December 31,2020                                                 210.000            210.000
 Additional paid-in capital                                                         6.842.500           6.842.500
 Unrealize gain on changes in fair value of securities at
 fair value through other comprehensive income - net                                       66.061          62.407
 Allowance for impairment losses on securities
 measured at fair value through other comprehensive
 income                                                                                     7.387           2.867
 Revaluation surplus on land and buildings - net                                       117.005            118.229
 Retained earning                                                                      431.958            419.159
 TOTAL EQUITY                                                                       7.674.911           7.655.162
 TOTAL LIABILITIES, PARTICIPANTS' FUND AND
 EQUITY                                                                            14.646.724          14.591.426


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 March 31, 2025

 Note                                                          Explanation
 C          Increase in tax payable mainly caused by significant increase of Income Tax Article 21.
 D          Increase in UPR mainly caused by significant increase of health production.
 E          Increase in individual non-traditional policies claim payable.




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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