Back to announcement
Increase Decrease Asset and Liabilities 2024.pdf
Financial statement Text extracted LIFESource file signed link, expires in 15 minutes
Extracted text 3
Page 1
December December 31, %
ASSETS Note
31, 2024 2023 Incr/(Dec)
Cash on hand and in banks 668.876 780.815
Premium receivables 68.495 48.592 40,96% A
Investment receivables 167.949 157.775
Reinsurance assets 68.721 59.745
Other receivables 32.870 22.416 46,64% B
Prepaid expenses 136.191 141.677
Investments 12.918.870 13.202.709
Policy loans 2.607 2.452
Fixed assets, net 168.809 155.457
Right use of assets 7.904 16.360 51,69% C
Other assets 350.134 365.958
TOTAL ASSETS 14.591.426 14.953.956
The explanation of increase/decrease of asset as of December 31, 2024:
Note Explanation
A Increase in premium receivable mainly caused by significant increase of health product.
B Increase in other receivable mainly caused by significant increase of management fee for unit link
product.
C Decrease in right use of assets due to closure of 5 rent offices (2024 vs 2023).
Page 2
December December 31, %
LIABILITIES AND EQUITY Note
31, 2024 2023 Incr/(Dec)
LIABILITIES
Due to reinsurers 72.509 51.227 41,54% D
Commissions payable 99.522 76.227 30,56% E
Accrued expenses 112.720 93.919
Employee benefits liability 26.110 18.301 42,67% F
Lease liabilities 6.876 14.696 -53,21% G
Taxes payable 4.659 8.678
Deferred tax liabilities 28.907 36.765 -21,37% H
Other liabilities 240.097 299.805 -19,92% I
Unearned Ujrah 55.419 57.642
Liabilities to policy holders:
Liability for future policy benefits 1.918.519 2.300.729
Liability for unit link 3.283.190 3.559.673
Unearned premiums 275.435 180.102 52,93% J
Estimated claims liability 302.319 264.937
Claims payable 43.924 53.140
Policyholders' deposits 281.463 205.749 36,80% K
Total liabilities to policyholders 6.104.850 6.564.330
TOTAL LIABILITIES 6.751.669 7.221.590
PARTICIPANTS' FUND 184,595 240.831
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 62.407 191.502
Allowance for impairment losses on securities
measured at fair value through other
comprehensive income 2.867 2.280
Revaluation surplus on land and buildings - net 118.229 107.257
Retained earning 419.159 137.996
TOTAL EQUITY 7.655.162 7.491.535
TOTAL LIABILITIES, PARTICIPANTS' FUND AND
EQUITY 14.591.426 14.953.956
Page 3
The explanation of increase/decrease of liabilities as of December
31, 2024:
Note Explanation
D The significant increase in Due to reinsurers by health product and recovery claim for credit life
product.
E Increase in commissions payable mainly caused by significant increase of individual product.
F The significant decrease Employee Benefit liability from increase in fair value of plan assets and post-
employment benefits.
G Decrease in lease liabilities due to closure of 5 rent offices.
H Decrease in unrealize gain on the changes in fair value of marketable securities.
I The significant decrease in other liabilities due to reversal the allowance of litigation liabilities and
accrual investment payable for stock.
J Increase in UPR mainly caused by significant increase of health product during 2024.
K Increase in Policyholders' deposits due to deposit premium in advance.
Names mentioned 0 people and organisations named in the text · linked when the evidence is strong
The name pass has not read this document yet.
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.