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March 31, December 31, %
ASSETS Note
2024 2023 Incr/(Dec)
Cash on hand and in banks 694.670 780.815
Premium receivables 81.093 48.592 67% A
Investment receivables 150.833 157.775
Reinsurance Assets 64.087 59.745
Other Receivables 25.006 22.416
Prepaid Expenses 147.668 141.677
Investments 13.167.103 13.202.709
Policy loans 2.506 2.452
Fixed assets, net 153.012 155.457
Right use of assets 14.227 16.360
Other Assets 358.510 365.958
TOTAL ASSETS 14.858.715 14.953.956
The explanation of increase/decrease of asset as of March 31, 2024:
Note Explanation
A The siginificant increase in due to premium receivable in helath group product which would be settled
in April 2024 amonting to IDR 14,4 billion
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March 31, December %
LIABILITIES AND EQUITY Note
2024 31, 2023 Incr/(Dec)
LIABILITIES
Due to Reinsurers 55.870 51.227
Commissions payable 66.476 76.227
Accrued expenses 85.475 93.919
Employee benefits liability 19.915 18.301
Lease liabilities 12.630 14.696
Taxes payable 10.359 8.678
Deferred Tax Liabilities 33.768 36.765
Other liabilities 324.332 299.805
Unearned Ujrah 58.950 57.642
Liabilities to policy holders :
Liability for future policy benefits 2.063.332 2.300.729 -10% B
Liability for unit link 3.568.619 3.559.673
Unearned premiums 191.055 180.102 6% C
Estimated claims liability 272.792 264.937
Claims payable 99.797 53.140 88% D
Policyholders' deposits 227.387 205.749
Total Liabilities to policyholders 6.422.982 6.564.330
TOTAL LIABILITIES 7.090.757 7.221.590
PARTICIPANTS' FUND 217.074 240.831
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 162.602 191.502
Allowance for impairment losses on securities
measured at fair value through other
comprehensive income 2.236 2.280
Revaluation surplus on land and buildings - net 106.256 107.257
Retained earning 227.290 137.996
TOTAL EQUITY 7.550.884 7.491.535
TOTAL LIABILITIES, PARTICIPANTS' FUND AND
EQUITY 14.858.715 14.953.956
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The explanation of increase/decrease of liabilities as of March 31,
2024:
Note Explanation
B Decrease in liability for future policy benefits mainly caused by significant decrease of endowment
combine individual
C Increase in UPR mainly caused by significant increase of health group production
D Increase in individual non-traditional policies claim payable which would be setttled in April 2024 is IDR
28 billion
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