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Page 1
Optimizing Innovation,
Achieving Higher Excellence
2023          Laporan Tahunan
              Annual Report




 PT Asuransi Tugu Pratama Indonesia Tbk   ANNUAL REPORT 2023   i
Page 2
 Sanggahan dan
 Batasan Tanggung Jawab
 Disclaimers and Limitations of Responsibility




       Laporan Tahunan ini memuat pernyataan kondisi           This Annual Report contains statements of financial
       keuangan, hasil operasi, proyeksi, rencana, strategi,   condition, operational results, including the
       kebijakan, serta tujuan PT Asuransi Tugu Pratama        projections, plans, strategies, policies, and objectives
       Indonesia Tbk, yang digolongkan sebagai pernyataan      of PT Asuransi Tugu Pratama Indonesia Tbk. These
       ke depan dalam pelaksanaan perundang-undangan           are classified as forward-looking statements in
       yang berlaku, kecuali hal-hal yang bersifat historis.   accordance with applicable laws, except for historical
       Pernyataan-pernyataan tersebut memiliki prospek         matters. These statements have prospective risks,
       risiko, ketidakpastian, serta dapat mengakibatkan       uncertainties, and may result in actual developments
       perkembangan aktual secara material berbeda dari        materially different from those reported.
       yang dilaporkan.

       Pernyataan-pernyataan prospektif dalam Laporan          Prospective statements in this Annual Report are
       Tahunan ini dibuat berdasarkan berbagai asumsi          made based on various assumptions regarding the
       mengenai kondisi terkini dan kondisi mendatang          current and future conditions of PT Asuransi Tugu
       PT Asuransi Tugu Pratama Indonesia Tbk serta            Pratama Indonesia Tbk and the business environment
       lingkungan bisnis di mana Perseroan menjalankan         in which the Company conducts business activities.
       kegiatan usaha. Pernyataan yang terdapat di Laporan     The statements contained in this Annual Report are
       Tahunan ini bukan menjadi jaminan kinerja di masa       not a guarantee of future performance, because the
       yang akan datang, karena hasil sebenarnya di masa       actual results in the future may differ due to factors
       depan dapat berbeda karena dapat dipengaruhi oleh       beyond the control of PT Asuransi Tugu Pratama
       beberapa faktor di luar kendali PT Asuransi Tugu        Indonesia Tbk.
       Pratama Indonesia Tbk.

       Laporan Tahunan ini memuat kata “Tugu Insurance”,       This annual report contains words such as “Tugu
       “Perseroan”, “Perusahaan”, dan “Kami” yang              Insurance”, “the Company”, and “We”, all of which
       didefinisikan sebagai PT Asuransi Tugu Pratama          define PT Asuransi Tugu Pratama Indonesia Tbk that is
       Indonesia Tbk yang menjalankan bisnis dalam bidang      engaged in General Insurance (conventional & sharia)
       Asuransi Umum (konvensional dan syariah). Hal ini       business. These words generally are used on the
       digunakan atas dasar kemudahan untuk menyebut           basis of the convenience of referring to PT Asuransi
       PT Asuransi Tugu Pratama Indonesia Tbk secara           Tugu Pratama Indonesia Tbk.
       umum.




ii   LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
Page 3
Penjelasan Tema
Theme Explanation




Optimizing Innovation,
Achieving Higher Excellence
Di tengah kondisi yang cukup menantang, PT Asuransi Tugu Pratama Indonesia Tbk (Tugu
Insurance) terus melangkah untuk memperkuat kinerja melalui peningkatan pelayanan dan
inovasi secara berkelanjutan. Perseroan senantiasa melakukan berbagai rasionalisasi dan
optimalisasi untuk menjawab tantangan yang terjadi di sepanjang tahun 2023. Perseroan
menjawab tantangan zaman dengan membangun kekuatan fundamental yang kokoh dan
diwujudkan melalui beberapa langkah penting di tahun 2023, yaitu dengan mengedepankan
risk management yang prudent ditambah dengan penguatan kolaborasi maupun sinergi bisnis
di lingkungan Pertamina Group serta terus secara aktif untuk meningkatkan penetrasi ke
pasar Badan Usaha Milik Negara (BUMN), Badan Usaha Kecil Menengah (UKM), dan retail.

Di tahun 2023, Tugu Insurance mampu senantiasa beradaptasi dengan tantangan dalam
rangka mencapai target pertumbuhan kinerja secara positif. Perseroan terus memperkuat
fondasi dengan mengembangkan bisnis hingga ke level yang lebih tinggi. Langkah
ini dilakukan Tugu Insurance untuk dapat mengoptimalkan kinerja dan memperkuat
eksistensinya. Kinerja keuangan dan operasional yang tangguh, menjadi salah satu
bukti capaian Perseroan dalam menerapkan langkah strategis untuk memperkuat
fondasi usahanya.

In the midst of challenging conditions, PT Asuransi Tugu Pratama Indonesia
Tbk (Tugu Insurance) continues to strive to strengthen performance through
continuous service improvement and innovation. The Company continues
to implement various rationalizations and optimizations to address the
challenges that occur throughout 2023. The Company overcomes the
challenges of the times by building solid fundamental strength and executing
it through a series of essential actions in 2023, namely by prioritizing
prudent risk management as well as strengthening collaboration and
business synergies within the Pertamina Group and at the same time
continuing to actively increase penetration into the State-owned Enterprise
(SOEs), Small and Medium-sized Enterprises (SMEs), and retail markets.

In 2023, Tugu Insurance is able to constantly adapt to challenges in order
to achieve positive performance growth targets. The Company continues
to strengthen the foundation by developing the business to a higher level.
Tugu Insurance implemented this decision to optimize its performance and
strengthen its existence. Strong financial and operational performance is a
proof of the Company's achievements in implementing strategic measures to
strengthen its business foundation.




PT Asuransi Tugu Pratama Indonesia Tbk                                                    ANNUAL REPORT 2023   01
Page 4
 Daftar Isi
 Table of Contents

                                                    03
                                                    Profil Perusahaan
                                                    Company Profile
                                                                                                    137    Kronologi Penerbitan dan/atau
                                                                                                           Pencatatan Saham
                                                                                                           Share Issuance and/or Share Listing
                                                                                                           Chronology

                                                     62   Identitas Perusahaan                      138    Kronologi Penerbitan dan/atau
                                                          Company Identity                                 Pencatatan Efek Lainnya
     ii   Sanggahan dan Batasan Tanggung Jawab                                                             Chronology of the Issuance and/or the
                                                     63   Riwayat Singkat Tugu Insurance
                                                                                                           Listing of Other Securities
          Disclaimers and Limitations of                  Brief History of Tugu Insurance
          Responsibility
                                                     66   Jejak Langkah                             138    Informasi Mengenai Kantor Akuntan
     01   Penjelasan Tema                                                                                  Publik dan Akuntan Publik
                                                          Milestones
          Theme Explanation                                                                                Information Regarding Public Accountant
                                                     70   Visi, Misi, dan Tata Nilai Budaya                Firm and Public Accountant
     02   Daftar Isi                                      Perusahaan
          Table of Contents                               Vision, Mission, and Corporate Culture    139    Lembaga dan/atau Profesi Penunjang
                                                                                                           Pasar Modal Lainnya
                                                          Value
     04   Pencapaian 2023                                                                                  Other Capital Market Supporting
          2023 Achievement
                                                     74   Bidang Usaha                                     Institutions and/or Professions
                                                          Business Line
     06   Penghargaandan Sertifikasi




                                                                                                    04
          Awards and Certifications
                                                     76   Produk dan Jasa
                                                          Products and Services

                                                     84   Peta Wilayah Operasional
                                                                                                    Analisa &
 01
                                                          Operational Areas

                                                     86   Kantor Perwakilan
                                                          Representative Offices                    Pembahasan
 Kilas Kinerja                                       87   Keanggotaan dalam Asosiasi                Manajemen
                                                          Membership in Associations
 Performance Review                                                                                 Management Discussion and
                                                     88   Struktur Organisasi Tugu Insurance
                                                          Tugu Insurance Organizational Structure   Analysis
     20   Ikhtisar Data Keuangan Penting
          Financial Highlights                       90   Profil Dewan Komisaris
                                                          Board of Commissioners’ Profiles          142    Tinjauan Makroekonomi
                                                                                                           Macroeconomic Review
     26   Ikhtisar Saham
          Share Highlights                          102   Informasi Mengenai Rangkap Jabatan
                                                          Anggota Dewan Komisaris                   144    Tinjauan Industri
                                                                                                           Industry Review
     29   Ikhtisar Obligasi, Sukuk, atau Obligasi         Information Regarding Concurrent
          Konversi                                        Positions of Members of the Board of      159    Tinjauan Operasi per Segmen Usaha
          Bonds, Sukuk, or Convertible Bonds              Commissioners                                    Operational Review by Business
          Highlights                                                                                       Segment
                                                    103   Informasi Mengenai Hubungan Afiliasi
     30   Peristiwa Penting Tahun 2023                    Anggota Dewan Komisaris                   164    Tinjauan Keuangan
          2023 Important Events                           Information Regarding Affiliation                Financial Review
                                                          Relationships of Members of the Board
                                                          of Commissioners                          176    Kemampuan Membayar Kewajiban
                                                                                                           Ability to Pay Liabilities (Solvency) of the
                                                    104   Profil Direksi                                   Company




 02
                                                          Board of Directors’ Profiles
                                                                                                    178    Tingkat Kolektibilitas Piutang
                                                    116   Informasi Mengenai Rangkap Jabatan               Accounts Receivable Collectability
                                                          Anggota Direksi
                                                                                                    179    Struktur Modal dan Kebijakan

 Laporan Manajemen
                                                          Information Regarding Concurrent
                                                          Positions of Members of the Board of             Manajemen atas Struktur Modal
                                                          Directors                                        Capital Structure and the Management’s
 Management Report                                                                                         Policy on Capital Structure
                                                    117   Informasi Mengenai Hubungan Afiliasi
                                                          Anggota Direksi                           180    Ikatan Material untuk Investasi Barang
     38   Laporan Dewan Komisaris                         Information Regarding Affiliation                Modal
          Report of the Board of Commissioners            Relationships of the Board of Directors          Material Commitment for Capital
                                                          Members                                          Expenditure
     47   Laporan Direksi
          Report of the Board of Directors
                                                    118   Sumber Daya Manusia                       181    Realisasi Investasi Barang Modal Tahun
                                                          Human Resource                                   2023
     58   Surat Pernyataan Dewan Komisaris
                                                                                                           Realization of Capital Expenditure in
          Statement Letter of Board of
                                                    129   Informasi Mengenai Kepemilikan Saham             2023
          Commissioners                                   Shareholding Information
                                                                                                    181    Informasi dan Fakta Material yang Terjadi
     59   Surat Pernyataan Direksi
                                                    131   Informasi Mengenai Pemegang Saham                setelah Tanggal Laporan Akuntan
          Statement Letter of Board of Directors          Utama/Pengendali                                 Material Information and Facts
                                                          Information on Principal/Controlling             Subsequent to the Accountant’s Report
                                                          Shareholders                                     Date

                                                    133   Struktur Grup Perusahaan
                                                          Company Group Structure

                                                    134   Entitas Anak dan Entitas Asosiasi
                                                          Subsidiaries and Associates


02    LAPORAN TAHUNAN 2023                                                                                PT Asuransi Tugu Pratama Indonesia Tbk
Page 5
182    Prospek Usaha                               05
                                                   Tata Kelola                                      06
                                                                                                    Tanggung Jawab
                                                   Perusahaan                                       Sosial Perusahaan
       Business Outlook

184    Perbandingan Antara Target dan
       Realisasi 2023 serta Proyeksi Tahun
       2024
                                                   Good Corporate Governance                        Corporate Social
       Comparison of 2023 Target vs.                                                                Responsibility
       Realization and 2024 Projections            200   Komitmen terhadap Tata Kelola
                                                         Perusahaan
185    Aspek Pemasaran                                   Commitment to Corporate Governance         436   Tata Kelola Tanggung Jawab Sosial
       Marketing Aspect                                                                                   Perusahaan
                                                   202   Prinsip Tata Kelola Perusahaan                   Corporate Social Responsibility
186    Kebijakan Dividen dan Pembagian                   Principles of Corporate Governance               Governance
       Dividen
       Dividend Policy and Dividend Distribution   208   Struktur Organ Tata Kelola Perusahaan      439   Struktur Organisasi TJSL Perseroan
                                                         Corporate Governance Organ Structure             The Company’s CSR Organizational
187    Realisasi Penggunaan Dana Hasil                                                                    Structure
       Penawaran Umum                              281   Komite dan Fungsi di Bawah Dewan
       Realization of Use of Proceeds from               Komisaris                                  444   Pemenuhan Surat Edaran Otoritas Jasa
       Public Offering                                   Committees Under The Board of                    Keuangan Nomor 16/SEOJK.04/2021
                                                         Commissioners                                    Fulfillment of Financial Services
188    Informasi Keuangan yang Telah                                                                      Authority Circular Letter Number 16/
       Dilaporkan yang Mengandung Kejadian         317   Komite dan Fungsi di Bawah Direksi
                                                                                                          SEOJK.04/2021
       yang Sifatnya Luar Biasa dan Jarang               Committees and Functions Under the
       Terjadi                                           Board of Directors                         448   Checklist AR 2023 dengan SK-16/S.
       Reported Financial Information                                                                     MBU/2012 tentang Indikator/Parameter
                                                   397   Perkara Hukum yang Dihadapi Perseroan,
                                                                                                          Penilaian dan Evaluasi Atas Penerapan
       Containing Infrequent and Rare Events             Entitas Anak, Anggota Dewan Komisaris
                                                                                                          Tata Kelola Perusahaan yang Baik (Good
                                                         dan Anggota Direksi yang Menjabat
189    Dampak Perubahan Harga Terhadap                                                                    Corporate Governance) pada Badan
       Penjualan/Pendapatan Perusahaan                   Legal Cases Faced By the Company,
                                                                                                          Usaha Milik Negara
       Impact of Price Changes on the                    Subsidiaries, Members of the Board
                                                                                                          Checklist of AR 2023 with SK-16/S.
       Company’s Sales/Revenue                           of Commissioners and the Board of
                                                                                                          MBU/2012 on Indicators/Parameters
                                                         Directors
                                                                                                          of Assessment and evaluation of Good
189    Informasi Material Mengenai Investasi,
       Ekspansi, Divestasi, Penggabungan/          399   Sanksi Administratif Terhadap Perseroan,         Corporate Governance Implementation
       Peleburan Usaha, Akuisisi, dan                    Anggota Dewan Komisaris dan Anggota              on State Owned Enterprises
       Restrukturisasi Utang/Modal pada Tahun            Direksi yang Menjabat
                                                         Administrative Sanctions Imposed on        457   Checklist AR 2023 dengan Surat
       Buku                                                                                               Edaran Otoritas Jasa Keuangan Nomor
       Material Information Regarding                    the Company, Members of the Board
                                                                                                          16/SEOJK.04/2021 Tentang Bentuk
       Investment, Expansion, Divestment,                of Commissioners and Members of the
                                                                                                          Dan Isi Laporan Tahunan Emiten Atau
       Business Merger/Consolidation,                    Board of Directors
                                                                                                          Perusahaan Publik
       Acquisition, and Debt/Capital               401   Kode Etik                                        Checklist of AR 2023 with OJK’s Circular
       Restructuring in the Fiscal Year                  Code of Conduct                                  Letter Number 16/SEOJK.04/2021 on
                                                                                                          the Form and Content of Annual report of
189    Informasi Material Mengenai Transaksi       405   Pemberian Kompensasi Jangka Panjang
       Material yang Mengandung Benturan                                                                  the Issuers and Public Company
                                                         Berbasis Kinerja Kepada Direksi dan
       Kepentingan                                       Karyawan dalam Bentuk Management
       Material Information on Material                  Stock Option Plan (MESOP)
       Transactions Containing Conflict of               Provision of Performance-Based Long-




                                                                                                    07
       Interest                                          Term Compensation to the Board of
                                                         Directors and Employees in Form of
190    Informasi Material Mengenai Transaksi
       dengan Pihak Afiliasi/Pihak Berelasi              Management Stock Option Plan (MESOP)

                                                                                                    Laporan
       Material Information on Transactions        407   Kebijakan Pengungkapan Informasi
       with Affiliates/Related Parties                   Mengenai Kepemilikan Saham Anggota
196    Perubahan Peraturan Perundang-
       undangan yang Berdampak Signifikan
                                                         Direksi dan Dewan Komisaris
                                                         Information Disclosure Policy on Share
                                                                                                    Keuangan
       terhadap Perusahaan                               Ownership of the Board of Directors and    Financial Report
       Amendment to Laws and Regulations                 the Board of Commissioners
       with Significant Impact on the Company      409   Sistem Pelaporan Pelanggaran               477   Laporan Keuangan
                                                         (Whistleblowing System)                          Audited Report
196    Perubahan Kebijakan Akuntansi dan
       Dampaknya terhadap Laporan Keuangan               Whistleblowing System
       Changes in Accounting Policies and Their    413   Kebijakan Anti Korupsi
       Impact on Financial Statements                    Anti Corruption Policy

                                                   426   Kesesuaian Penerapan Tata Kelola Tugu
                                                         Insurance Terhadap Pedoman Tata Kelola
                                                         Perusahaan Terbuka
                                                         Conformity of Tugu Insurance GCG
                                                         Implementation with the Governance
                                                         Guidelines for Public Companies




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023            03
Page 6
 Pencapaian
 2023
 2023 Achievement



                   Kinerja Operasional Operational Perfomance



                 Premi Bruto                     Pendapatan
                 Gross Premium                   Underwriting
                                             Underwriting Revenues


              Rp
                      7,71
                       triliun
                                                Rp
                                                     2,61
                                                     triliun
                   IDR7.71 trillion               IDR2.61 trillion




                  Pendapatan                 Pendapatan Usaha
                   Investasi                      Lainnya
              Investment Income             Other Operating Revenues


       Rp
               579,83  miliar
                                           Rp
                                                402,09
                                                     miliar
                 IDR579.83 billion               IDR402.09 billion




04   LAPORAN TAHUNAN 2023                              PT Asuransi Tugu Pratama Indonesia Tbk
Page 7
                          Kinerja Keuangan Financial Performance



                      Jumlah                            Laba
                    Pendapatan                      Tahun Berjalan
                    Total Revenues                  Income for the Year


               Rp
                          3,59
                            triliun
                                                       Rp
                                                            1,3
                                                            triliun
                      IDR3.59 trillion                  IDR1.3 trillion




                              Aset                        Ekuitas
                            Assets                          Equity




          Rp
                     25,14  triliun
                                                  Rp
                                                       10,28triliun
                    IDR25.14 trillion                  IDR10.28 trillion




PT Asuransi Tugu Pratama Indonesia Tbk                                ANNUAL REPORT 2023   05
Page 8
 Penghargaan
 dan Sertifikasi
 Awards and Certifications




     Penghargaan
     Awards



                                                         Indonesia Excellence Good Corporate Governance Ethics in
                                                         Providing Precise and Reliable Insurance Services Category
                                                         General Insurance

                                                         Nama Acara            Indonesia Excellence GCG Awards 2023
                                                         Name of Event

                                                         Tanggal Penerimaan    31 Januari 2023
                                                         Date of the Award     31 January 2023

                                                         Diberikan Oleh        Warta Ekonomi
                                                         Awarded By




 Indonesia’s Popular Digital Product Awards 2023
 (Financial Industry) E-Customer Service
 in General Finance Category

 Nama Acara                 Indonesia’s Popular Digital Products Awards 2023
 Name of Event

 Tanggal Penerimaan         17 Februari 2023
 Date of the Award          17 February 2023

 Diberikan Oleh             The Iconomics
 Awarded By




                                                         Best Public Relations in Company Management on Providing
                                                         Corporate Insurance Product Diversification to Strengthen Business
                                                         Transformation

                                                         Nama Acara               Indonesia Public Relation Awards (IPRA) 2023
                                                         Name of Event

                                                         Tanggal Penerimaan       24 Februari 2023
                                                         Date of the Award        24 February 2023

                                                         Diberikan Oleh           Warta Ekonomi
                                                         Awarded By




06   LAPORAN TAHUNAN 2023                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
Page 9
                                                          Best Performance Chief Financial Officer 2023 in Realizing
                                                          Sustainable Growth by Strengthening Business Segmentation
                                                          Category General Insurance
                                                          Nama Acara            Indonesia Best CFO Awards 2023
                                                          Name of Event

                                                          Tanggal Penerimaan    28 Februari 2023
                                                          Date of the Award     28 February 2023

                                                          Diberikan Oleh        Warta Ekonomi
                                                          Awarded By




Bronze Winner PRIA 2023 Sektor Anak Usaha BUMN
Kategori Laporan Tahunan Sub Kategori Sustainability Report
Bronze Winner PRIA 2023 BUMN Subsidiary Sector Category Annual
Report Sub Category Sustainability Report

Nama Acara                    PR Indonesia Awards (PRIA) 2023
Name of Event

Tanggal Penerimaan            17 Maret 2023
Date of the Award             17 March 2023

Diberikan Oleh                PR Indonesia
Awarded By




                                                          The Highest Digital Index General Insurance Company

                                                          Nama Acara            Infobank 12th Digital Brand Awards 2023
                                                          Name of Event

                                                          Tanggal Penerimaan    12 April 2023
                                                          Date of the Award     12 April 2023

                                                          Diberikan Oleh        Infobank
                                                          Awarded By




Indonesia Best Sharia Finance 2023 with Outstanding
Comprehensive Sharia Insurance Products Availability for Various
Market Segmentation

Nama Acara                    Indonesia Sharia Finance Awards 2023
Name of Event

Tanggal Penerimaan            10 Mei 2023
Date of the Award             10 May 2023

Diberikan Oleh                Warta Ekonomi
Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                                       ANNUAL REPORT 2023   07
Page 10
                                                            Grand Digital Marketing Company 2023 for
                                                            The Informative Social Media Content

                                                            Nama Acara             Indonesia Grand Digital Marketing Awards 2023
                                                            Name of Event

                                                            Tanggal Penerimaan     10 Mei 2023
                                                            Date of the Award      10 May 2023

                                                            Diberikan Oleh         Warta Ekonomi
                                                            Awarded By




 Indonesia Best CSR Awards 2023

 Nama Acara                    5th Indonesia Best CSR Awards 2023
 Name of Event

     Tanggal Penerimaan        25 Mei 2023
     Date of the Award         25 May 2023

     Diberikan Oleh            The Iconomics
     Awarded By




                                                            Best Leader for Sustainability Acceleration
                                                            Through Diversification of Insurance Products and Services

                                                            Nama Acara             Indonesia Financial Top Leader Awards 2023
                                                            Name of Event

                                                            Tanggal Penerimaan     31 Mei 2023
                                                            Date of the Award      31 May 2023

                                                            Diberikan Oleh         Warta Ekonomi
                                                            Awarded By




 Indonesia Outstanding Millennials’ Brand Choice 2023

 Nama Acara                    Indonesia Millennial’s Brand Choice Awards 2023
 Name of Event

 Tanggal Penerimaan            31 Mei 2023
 Date of the Award             31 May 2023

 Diberikan Oleh                Warta Ekonomi
 Awarded By




08      LAPORAN TAHUNAN 2023                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
Page 11
                                                          Bronze Winner Media Relation Award 2023 Kategori Media Special
                                                          Program

                                                          Nama Acara            Media Relations Award
                                                          Name of Event

                                                          Tanggal Penerimaan    Mei 2023
                                                          Date of the Award     May 2023

                                                          Diberikan Oleh        SPS
                                                          Awarded By




The Best SPEx2 Company in General Insurance Industry

Nama Acara                    The 8th Annual 2023 SPEx2 DX Award
Name of Event

Tanggal Penerimaan            6 Juli 2023
Date of the Award             6 July 2023

Diberikan Oleh                Kontan
Awarded By




                                                          The Best Performance in 10 Consecutive Years for General
                                                          Insurance Company

                                                          Nama Acara            Second Half Year Economic Outlook 2023
                                                          Name of Event

                                                          Tanggal Penerimaan    27 Juli 2023
                                                          Date of the Award     27 July 2023

                                                          Diberikan Oleh        Infobank
                                                          Awarded By




The Best Performance General Insurance Company 2023

Nama Acara                    Second Half Year Economic Outlook 2023
Name of Event

Tanggal Penerimaan            27 Juli 2023
Date of the Award             27 July 2023

Diberikan Oleh                Infobank
Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                                      ANNUAL REPORT 2023   09
Page 12
 The Highest Score General Insurance Company 2023

 Nama Acara                                     24th Insurance Award 2023
 Name of Event

     Tanggal Penerimaan                         27 Juli 2023
     Date of the Award                          27 July 2023

     Diberikan Oleh                             Infobank
     Awarded By




                                                                General Insurance Market Leaders Award 2023

                                                                Nama Acara               2023 Insurance Market Leaders Award
                                                                Name of Event

                                                                Tanggal Penerimaan       27 Juli 2023
                                                                Date of the Award        27 July 2023

                                                                Diberikan Oleh           Media Asuransi
                                                                Awarded By




 Best Insurance 2023 Kategori Asuransi Umum Beraset
 di atas Rp5 triliun
 Best Insurance 2023 in the General Insurance Category
 with Assets above IDR 5 trillion

 Nama Acara                    Investor Daily Awards 2023
 Name of Event

 Tanggal Penerimaan            28 Juli 2023
 Date of the Award             28 July 2023

 Diberikan Oleh                Investor Daily
 Awarded By




                                                                CallTIA – Tugu Insurance Kategori Call Center Car Insurance
                                                                CallTIA – Tugu Insurance Call Center Car Insurance Category

                                                                Nama Acara               Contact Center Service Excellence Award 2023
                                                                Name of Event

                                                                Tanggal Penerimaan       Juli 2023
                                                                Date of the Award        July 2023

                                                                Diberikan Oleh           Majalah Marketing
                                                                Awarded By




10      LAPORAN TAHUNAN 2023                                                                              PT Asuransi Tugu Pratama Indonesia Tbk
Page 13
                                                          Indonesia Corporate Reputations Awards 2023

                                                          Nama Acara               4th Indonesia Public Relations Summit 2023
                                                          Name of Event

                                                          Tanggal Penerimaan       4 Agustus 2023
                                                          Date of the Award        4 August 2023

                                                          Diberikan Oleh           The Iconomics
                                                          Awarded By




Bronze Winner Media Relations Award 2023

Nama Acara                    Penghargaan 77 Tahun Serikat Perusahaan Pers (SPS)
Name of Event                 77th Anniversary of the Press Union (SPS) Award

Tanggal Penerimaan            11 Agustus 2023
Date of the Award             11 August 2023

Diberikan Oleh                Serikat Perusahaan Pers
Awarded By                    Press Union




                                                          Best TJSL 2023 with Outstanding Program in Environmental
                                                          Preservation and Education Services for the Community

                                                          Nama Acara               Indonesia TJSL Awards 2023
                                                          Name of Event

                                                          Tanggal Penerimaan       31 Agustus 2023
                                                          Date of the Award        31 August 2023

                                                          Diberikan Oleh           Warta Ekonomi
                                                          Awarded By




4th Indonesia Top Insurance Companies Awards 2023

Nama Acara                    4th Indonesia Top Insurance Companies Awards 2023
Name of Event

Tanggal Penerimaan            8 September 2023
Date of the Award             8 September 2023

Diberikan Oleh                The Iconomics
Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                                          ANNUAL REPORT 2023   11
Page 14
                                                            4th Top Insurance Companies Awards – Performing in Asset 10-25
                                                            Trillion General Insurance Company

                                                            Nama Acara              4th Indonesia Top Insurance Company Awards 2023
                                                            Name of Event

                                                            Tanggal Penerimaan      8 September 2023
                                                            Date of the Award       8 September 2023

                                                            Diberikan Oleh          The Iconomics
                                                            Awarded By




 Top 50 Mid Capitalization Public Listed Company

 Nama Acara                 The 14th IICD Corporate Governance Conference and
 Name of Event              Award

 Tanggal Penerimaan         18 September 2023
 Date of the Award          18 September 2023

 Diberikan Oleh             Indonesia Institute for Corporate Directorship (IICD)
 Awarded By




                                                            Best Financial Sector 2023

                                                            Nama Acara              The 14th IICD Corporate Governance Conference and
                                                            Name of Event           Award

                                                            Tanggal Penerimaan      18 September 2023
                                                            Date of the Award       18 September 2023

                                                            Diberikan Oleh          Indonesia Institute for Corporate Directorship (IICD)
                                                            Awarded By




 Best Sharia General Insurance Business Unit 2023

 Nama Acara                 2023 Insurance Award
 Name of Event

 Tanggal Penerimaan         18 September 2023
 Date of the Award          18 September 2023

 Diberikan Oleh             Media Asuransi
 Awarded By




12   LAPORAN TAHUNAN 2023                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
Page 15
                                                           106 Perusahaan dan Instansi Berpengaruh di Bidang Komunikasi
                                                           106 Influential Companies and Agencies in the Field of Communications

                                                           Nama Acara              Sewindu PR Indonesia Award
                                                           Name of Event

                                                           Tanggal Penerimaan      21 September 2023
                                                           Date of the Award       21 September 2023

                                                           Diberikan Oleh          PR Indonesia
                                                           Awarded By




Best SOE 2023 with Top Financial Performance and Providing a
Variety of Innovative Product and Service Solutions

Nama Acara                    Indonesia Best BUMN Awards 2023
Name of Event

Tanggal Penerimaan            27 September 2023
Date of the Award             27 September 2023

Diberikan Oleh                Warta Ekonomi
Awarded By




                                                           Best Insurance 2023 with Top Financial Performance and Seizing
                                                           the Opportunity to Develop Product Diversification

                                                           Nama Acara              Indonesia Best Insurance Awards 2023
                                                           Name of Event

                                                           Tanggal Penerimaan      27 September 2023
                                                           Date of the Award       27 September 2023

                                                           Diberikan Oleh          Warta Ekonomi
                                                           Awarded By




Excellence Financial Performance Islamic Banking Unit
of General Insurance Company 2022

Nama Acara                    Infobank 12th Sharia Award 2023
Name of Event

Tanggal Penerimaan            27 September 2023
Date of the Award             27 September 2023

Diberikan Oleh                Infobank
Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                                          ANNUAL REPORT 2023   13
Page 16
                                                 Best Brand Popularity in General Insurance Company

                                                 Nama Acara            5th Anniversary Indonesia BUMN Awards 2023
                                                 Name of Event

                                                 Tanggal Penerimaan    12 Oktober 2023
                                                 Date of the Award     12 October 2023

                                                 Diberikan Oleh        The Iconomics
                                                 Awarded By




 Best CFO In Financial Institution 2023

 Nama Acara                       The Finance Best CEO 2023
 Name of Event

 Tanggal Penerimaan               14 November 2023
 Date of the Award                14 November 2023

 Diberikan Oleh                   The Finance
 Awarded By




                                                 The Best Performing General Insurance Based on Financial
                                                 Performance 2020–2022

                                                 Nama Acara            Top 20 Financial Institution 2023
                                                 Name of Event

                                                 Tanggal Penerimaan    14 November 2023
                                                 Date of the Award     14 November 2023

                                                 Diberikan Oleh        The Finance
                                                 Awarded By




 2nd Best General Insurance Company 2023, Category General
 Insurance Equity >IDR1,5 Trillion

 Nama Acara                       APPARINDO Awards 2023
 Name of Event

 Tanggal Penerimaan               24 November 2023
 Date of the Award                24 November 2023

 Diberikan Oleh                   APPARINDO
 Awarded By




14   LAPORAN TAHUNAN 2023                                                               PT Asuransi Tugu Pratama Indonesia Tbk
Page 17
                                                         Best Social Contribution Reputation
                                                         in General Insurance > 10T Category

                                                         Nama Acara             Best 50 Financial Awards
                                                         Name of Event

                                                         Tanggal Penerimaan     27 November 2023
                                                         Date of the Award      27 November 2023

                                                         Diberikan Oleh         The Iconomics
                                                         Awarded By




The Inspiration from Successful Leaders in Crisis

Nama Acara                    Top 100 CEO 2023
Name of Event

Tanggal Penerimaan            5 Desember 2023
Date of the Award             5 December 2023

Diberikan Oleh                Infobank
Awarded By




                                                         The Inspiration from Successful Leaders in Crisis

                                                         Nama Acara             Top 200 The Next Leader 2023
                                                         Name of Event

                                                         Tanggal Penerimaan     5 Desember 2023
                                                         Date of the Award      5 December 2023

                                                         Diberikan Oleh         Infobank
                                                         Awarded By




The Inspiration from Successful Leaders in Crisis

Nama Acara                    Top 200 The Next Leader 2023
Name of Event

Tanggal Penerimaan            5 Desember 2023
Date of the Award             5 December 2023

Diberikan Oleh                Infobank
Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                                     ANNUAL REPORT 2023   15
Page 18
                                                         Best Chief Marketing Officer 2023 in Continuous Improvement
                                                         Through Optimizing and Strengthening Multichannel Distribution

                                                         Nama Acara                 Indonesia Best CMO Awards 2023
                                                         Name of Event

                                                         Tanggal Penerimaan         14 Desember 2023
                                                         Date of the Award          14 December 2023

                                                         Diberikan Oleh             Warta Ekonomi
                                                         Awarded By




 Indonesia CEO Excellence 2023 with Popularity in Maintaining
 Sustainable Performance Through Prudent Risk Management
 and Digitalization

 Nama Acara                 Indonesia CEO Excellence Award
 Name of Event

 Tanggal Penerimaan         14 Desember 2023
 Date of the Award          14 December 2023

 Diberikan Oleh             Warta Ekonomi
 Awarded By




                                                         Winner of 3rd Anniversary Indonesia Best 20 Corporate Secretary
                                                         Awards 2023

                                                         Nama Acara                 3rd Anniversary Indonesia Best 20 Corporate Secretary
                                                         Name of Event              Awards 2023

                                                         Tanggal Penerimaan         15 Desember 2023
                                                         Date of the Award          15 December 2023

                                                         Diberikan Oleh             The Economics
                                                         Awarded By




 Winner of 3rd Anniversary Indonesia Top 20 GCG Awards 2023

 Nama Acara                 Winner of 3rd Anniversary Indonesia Top 20 GCG Awards
 Name of Event              2023

 Tanggal Penerimaan         15 Desember 2023
 Date of the Award          15 December 2023

 Diberikan Oleh             The Economics
 Awarded By




16   LAPORAN TAHUNAN 2023                                                                           PT Asuransi Tugu Pratama Indonesia Tbk
Page 19
                                         Digital Financial Excellence Awards 2023
                                         (Asuransi Konvensional-Ekuitas Rp1 Triliun ke Atas)
                                         Digital Financial Excellence Awards 2023
                                         (Conventional Insurance-Equity of IDR1 Trillion and above)

                                         Nama Acara                Digital Financial Excellence Awards 2023
                                         Name of Event

                                         Tanggal Penerimaan        19 Desember 2023
                                         Date of the Award         19 December 2023

                                         Diberikan Oleh            Media Asuransi
                                         Awarded By




   Sertifikasi
   Certifications




                                         Anti Bribery Management System as per ISO 37001:2016

                                         Jenis Sertifikasi         ISO 37001:2016
                                         Types of Certification

                                         Masa Berlaku              24 Februari 2024
                                         Valid Until               24 February 2024

                                         Diberikan Oleh            TUV Nord Indonesia
                                         Awarded By




PT Asuransi Tugu Pratama Indonesia Tbk                                                           ANNUAL REPORT 2023   17
Page 20
     01
     1   Kilas Kinerja          2   Laporan Manajemen   3   Profil Perusahaan   4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report       Company Profile         Management Discussion and Analysis




                Kilas
                Kinerja
                Performance Review




18       LAPORAN TAHUNAN 2023                                                           PT Asuransi Tugu Pratama Indonesia Tbk
Page 21
5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan   7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility        Audited Report




PT Asuransi Tugu Pratama Indonesia Tbk                                                                 ANNUAL REPORT 2023   19
Page 22
     1   Kilas Kinerja                 2   Laporan Manajemen                 3     Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
         Performance Review                Management Report                       Company Profile                 Management Discussion and Analysis




 Ikhtisar Data Keuangan Penting
 Financial Highlights


 Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
 Consolidated Statements of Profit or Loss and Other Comprehensive Income

 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                                  (Presented in thousand Rupiah, unless otherwise stated)
                      Keterangan
                                                               2023                  2022                  2021                2020                 2019*
                       Description
                                                     Operasi yang Dilanjutkan | Continued Operations
     Pendapatan Asuransi dan Reasuransi
     Insurance and Reinsurance Revenues
     Premi Bruto
                                                         7.709.524.068            6.705.580.219         5.986.273.156       6.057.126.567        6.493.167.165
     Gross Premium
     Premi Reasuransi dan Retrosesi
                                                        (4.368.028.394)          (3.518.922.914)       (3.298.342.753)    (3.691.463.444)      (3.717.007.191)
     Reinsurance and Retrocession Premium
     Perubahan Premi yang Belum Merupakan
     Pendapatan dan Liabilitas Manfaat Polis
     Masa Depan                                              (711.844.970)          (74.292.747)           28.101.568          26.142.072        (382.484.774)
     Changes in Unearned Premium Reserves and
     Liabilities for Future Policy Benefits
     Perubahan Aset Reasuransi atas Premi yang
     Belum Merupakan Pendapatan dan Liabilitas
     Manfaat Polis Masa Depan
                                                              450.280.969         (267.439.418)           (47.256.005)         (9.841.401)         273.340.817
     Changes in Reinsurance Assets of Unearned
     Premium Reserves and Liabilities for Future
     Policy Benefits
     Pendapatan Premi, Neto
                                                         3.079.931.673            2.844.925.140         2.668.775.966       2.381.963.794        2.667.016.017
     Premium Income, Net
     Pendapatan (Beban) Komisi Neto
                                                             (470.367.564)        (502.133.301)         (544.548.488)       (475.198.042)        (533.078.054)
     Commission (Expense) Income Net
     Total Pendapatan Underwriting
                                                         2.609.564.109            2.342.791.839         2.124.227.478       1.906.765.752        2.133.937.963
     Total Underwriting Revenues
     Pendapatan Investasi
                                                              579.830.038           352.391.330           374.065.222         237.263.036          433.703.802
     Investment Income
     Pendapatan Usaha Lainnya
                                                              402.090.598           398.710.042           317.624.217         316.486.916          318.877.994
     Other Operating Revenues
     Total Pendapatan
                                                         3.591.484.745            3.093.893.211         2.815.916.917       2.460.515.704        2.886.519.759
     Total Revenues
     Total Beban Klaim Neto
                                                        (1.911.033.003)          (1.672.348.143)       (1.474.636.178)    (1.330.450.092)      (1.284.211.297)
     Total Net Claim Expenses
     Beban Usaha
                                                             (812.220.956)        (771.135.847)         (732.365.797)       (638.943.980)        (663.350.239)
     Operating Expenses
     Beban Usaha Lainnya
                                                             (298.263.982)        (258.769.400)         (225.558.648)       (214.189.376)        (227.127.859)
     Other Operating Expenses
     Pendapatan (Beban) Lain-lain Neto
                                                         1.054.600.500              108.509.604           (17.846.049)         65.387.434          (83.739.931)
     Other Income (Expenses), Net
     Total Beban
                                                        (1.966.917.441)          (2.593.743.786)       (2.450.406.672)    (2.118.196.014)      (2.258.429.326)
     Total Expenses
     Laba Sebelum Beban Pajak Final dan Pajak
     Penghasilan
                                                         1.632.330.541              517.197.214           374.456.355         346.473.093          637.486.871
     Income Before Final Tax and Income Tax
     Expenses




20       LAPORAN TAHUNAN 2023                                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
Page 23
5    Tata Kelola Perusahaan              6    Tanggung Jawab Sosial Perusahaan            7   Laporan Keuangan
     Corporate Governance                     Corporate Social Responsibility                 Audited Report




                  Keterangan
                                                         2023                2022              2021               2020             2019*
                   Description
 Beban Pajak Final
                                                       (52.159.894)        (30.496.363)       (36.452.251)       (40.626.959)     (35.767.370)
 Final Tax Expense
 Beban Pajak Penghasilan
                                                      (278.069.378)        (91.595.511)       (10.773.797)       (33.930.196)     (95.969.493)
 Income Tax Expense
 Laba Tahun Berjalan
                                                     1.302.101.269         395.105.340        327.230.307        271.915.938      505.750.008
 Income for the Year
 Total Penghasilan Komprehensif Lain Setelah
 Pajak                                                  50.021.045         131.353.734        101.665.725         61.689.470       88.833.143
 Total Other Comprehensive Income After Tax
 Total Penghasilan Komprehensif Tahun
 Berjalan                                            1.352.122.314         526.459.074        428.896.032        333.605.408      594.583.151
 Total Comprehensive Income for the Year
 Laba Tahun Berjalan yang dapat Diatribusikan kepada:
 Income for the Year Attributable to:
 Pemilik Entitas Induk
                                                     1.322.393.811         347.150.768        316.480.352        265.143.084      458.698.597
 Equity Holders of the Parent Entity
 Kepentingan Non-Pengendali
                                                       (20.292.542)         47.954.572         10.749.955          6.772.854       47.051.411
 Non-Controlling Interest
 Total Penghasilan Komprehensif Tahun Berjalan yang dapat Diatribusikan kepada:
 Total Comprehensive Income for the Year Attributable to:
 Pemilik Entitas Induk
                                                     1.372.504.501         482.800.353        418.766.016        326.019.818      537.995.968
 Equity Holders of the Parent Entity
 Kepentingan Non-Pengendali
                                                       (20.382.187)         43.658.721         10.130.016          7.585.590       56.587.183
 Non-Controlling Interest
 Laba Per Saham yang dapat Diatribusikan
 kepada Pemilik Entitas Induk (Nilai Penuh)
 Dasar Dilusian
                                                                372                 195               178                149               258
 Earnings per Share Attributable to Equity
 Holders of the Parent Entity (Full Amount)
 Basic and Diluted

*setelah penyajian kembali
*after restatement




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                   ANNUAL REPORT 2023      21
Page 24
     1   Kilas Kinerja                   2   Laporan Manajemen             3     Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
         Performance Review                  Management Report                   Company Profile                 Management Discussion and Analysis




 Laporan Posisi Keuangan Konsolidasian
 Consolidated Statement of Financial Position

 (Disajikan dalam ribuan Rupiah, kecuali dinyatakan lain)                                                (Presented in thousand Rupiah, unless otherwise stated)
                      Keterangan
                                                              2023                 2022                  2021                2020                 2019*
                       Description
     Investasi pada Entitas Asosiasi
                                                             166.639.022         162.313.843           148.547.057          141.761.482          138.420.945
     Investment in Associates
     Total Investasi
                                                        11.672.019.498          9.323.421.470         8.675.350.031      8.300.338.468         8.576.220.341
     Total Investments
     Aset Tetap, Neto
                                                         1.614.302.861          1.443.394.444         1.258.070.256      1.433.657.253         1.353.859.931
     Fixed Assets, Net
     Jumlah Aset
                                                        25.137.942.615         21.581.305.468        20.188.056.012     19.460.094.655       20.734.506.631
     Total Assets
     Jumlah Liabilitas
                                                        14.858.084.382         12.409.207.168        11.398.324.596     11.001.531.708       12.457.437.608
     Total Liabilities
     Jumlah Ekuitas
                                                        10.279.858.233          9.172.098.300         8.789.731.416      8.458.562.947         8.277.069.023
     Total Equity

 *setelah penyajian kembali
 *after restatement




 Rasio-Rasio Keuangan
 Financial Ratios

                      Keterangan
                                                              2023                 2022                  2021                2020                 2019*
                       Description
     Rasio Margin Laba Usaha
                                                                  16,09%               13,21%                13,93%               11,42%               24,99%
     Operating Profit Margin
     Rasio Laba terhadap Jumlah Aset
                                                                   5,18%                 1,83%                1,62%                1,40%                2,44%
     Return on Assets
     Rasio Laba terhadap Jumlah Ekuitas
                                                                  12,67%                 4,31%                3,72%                3,21%                6,11%
     Return on Equity
     Rasio Laba (Rugi) terhadap Pendapatan
                                                                  36,36%               12,77%                11,62%               11,05%               17,52%
     Net Profit (Loss) Margin
     Rasio Lancar
                                                                 522,64%                  491%             537,58%              624,04%                  582%
     Current Ratio
     Rasio Liabilitas terhadap Ekuitas
                                                                 144,54%              135,29%              129,68%              130,06%               150,51%
     Debt to Equity Ratio
     Rasio Liabilitas terhadap Jumlah Aset
                                                                  59,11%               57,50%                56,46%               56,53%               60,08%
     Debt to Assets Ratio

 *setelah penyajian kembali
 *after restatement




22       LAPORAN TAHUNAN 2023                                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
Page 25
5    Tata Kelola Perusahaan                        6     Tanggung Jawab Sosial Perusahaan              7    Laporan Keuangan
     Corporate Governance                                Corporate Social Responsibility                    Audited Report




                                 Grafik-grafik Kinerja Keuangan Financial Performance Graphs


    Pendapatan Underwriting                                                                 Total Pendapatan
    Underwriting Revenues                                                                   Total Revenues
    (dalam ribuan Rupiah) | (in thousand Rupiah)                                            (dalam ribuan Rupiah) | (in thousand Rupiah)




      2023                                                       2.609.564.109                2023                                                    3.591.484.745


      2022                                                 2.342.791.839                      2022                                             3.093.893.211


      2021                                             2.124.227.478                          2021                                         2.815.916.917


      2020                                   1.906.765.752                                    2020                                2.460.515.704


      2019                                             2.133.937.963                          2019                                          2.886.519.759




    Pendapatan Investasi                                                                    Total Beban
    Investment Income                                                                       Total Expenses
    (dalam ribuan Rupiah) | (in thousand Rupiah)                                            (dalam ribuan Rupiah) | (in thousand Rupiah)




      2023                                                        579.830.038                2023                                   1.966.917.441


      2022                             352.391.330                                           2022                                                   2.593.743.786


      2021                                374.065.222                                        2021                                                2.450.406.672


      2020               237.263.036                                                         2020                                          2.118.196.014


      2019                                         433.703.802                               2019                                            2.258.429.326




    Laba Tahun Berjalan                                                                     Laba Tahun Berjalan yang Dapat Diatribusikan
    Income for the Year                                                                     Kepada Pemilik Entitas Induk
    (dalam ribuan Rupiah) | (in thousand Rupiah)                                            Income for the Year Attributable to Equity Holders of the
                                                                                            Parent Entity
                                                                                            (dalam ribuan Rupiah) | (in thousand Rupiah)


      2023                                                       1.302.101.269                2023                                                    1.322.393.811


      2022                            395.105.340                                             2022                         347.150.768


      2021                        327.230.307                                                 2021                       316.480.352


      2020                     271.915.938                                                    2020                    265.143.084


      2019                                 505.750.008                                        2019                              458.698.597




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                                          ANNUAL REPORT 2023    23
Page 26
     1    Kilas Kinerja                        2    Laporan Manajemen            3   Profil Perusahaan               4    Analisis dan Pembahasan Manajemen
          Performance Review                        Management Report                Company Profile                      Management Discussion and Analysis




         Laba Tahun Berjalan yang Dapat Diatribusikan                                        Penghasilan Komprehensif Tahun Berjalan
         kepada Kepentingan Non-Pengendali                                                   Comprehensive Income for the Year
         Income for the Year Attributable to Non-Controlling Interest                        (dalam ribuan Rupiah) | (in thousand Rupiah)
         (dalam ribuan Rupiah) | (in thousand Rupiah)




             (20.292.542)         2023                                                        2023                                                     1.352.122.314


                       2022                                   47.954.572                      2022                                  526.459.074


                       2021                  10.749.955                                       2021                             428.896.032


                       2020              6.772.854                                            2020                        333.605.408


                       2019                                  47.051.411                       2019                                      594.583.151




         Penghasilan Komprehensif Tahun Berjalan yang Dapat                                  Penghasilan Komprehensif Tahun Berjalan yang Dapat
         Diatribusikan kepada Pemilik Entitas Induk                                          Diatribusikan kepada Kepentingan Non-Pengendali
         Comprehensive Income for the Year Attributable to                                   Comprehensive Income for the Year Attributable to
         Equity Holders of the Parent Entity                                                 Non-Controlling Interest
         (dalam ribuan Rupiah) | (in thousand Rupiah)                                        (dalam ribuan Rupiah) | (in thousand Rupiah)


          2023                                                   1.372.504.501                   (20.382.187)         2023


          2022                                482.800.353                                                  2022                                 43.658.721


          2021                            418.766.016                                                      2021                 10.130.016


          2020                        326.019.818                                                          2020              7.585.590


          2019                                  537.995.968                                                2019                                              56.587.183




         Investasi pada Entitas Asosiasi                                                     Total Aset
         Investment in Associates                                                            Total Assets
         (dalam ribuan Rupiah) | (in thousand Rupiah)                                        (dalam ribuan Rupiah) | (in thousand Rupiah)




          2023                                                    166.639.022                 2023                                                    25.137.942.615


          2022                                                   162.313.843                  2022                                            21.581.305.468


          2021                                               148.547.057                      2021                                          20.188.056.012


          2020                                             141.761.482                        2020                                     19.460.094.655


          2019                                            138.420.945                         2019                                           20.734.506.631




24       LAPORAN TAHUNAN 2023                                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
Page 27
5    Tata Kelola Perusahaan                        6     Tanggung Jawab Sosial Perusahaan              7    Laporan Keuangan
     Corporate Governance                                Corporate Social Responsibility                    Audited Report




    Total Liabilitas                                                                        Total Ekuitas
    Total Liabilities                                                                       Total Equity
    (dalam ribuan Rupiah) | (in thousand Rupiah)                                            (dalam ribuan Rupiah) | (in thousand Rupiah)




      2023                                                     14.858.084.382                 2023                                                 10.279.858.233


      2022                                             12.409.207.168                         2022                                             9.172.098.300


      2021                                    11.398.324.596                                  2021                                           8.789.731.416


      2020                                   11.001.531.708                                   2020                                         8.458.562.947


      2019                                             12.457.437.608                         2019                                         8.277.069.023




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                                         ANNUAL REPORT 2023   25
Page 28
     1   Kilas Kinerja                 2    Laporan Manajemen            3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
         Performance Review                 Management Report                Company Profile                 Management Discussion and Analysis




 Ikhtisar Saham
 Share Highlights



 Informasi Pemegang Saham
 Shareholder Information

 Per 31 Desember 2023, komposisi Pemegang Saham                                 As of 31 December 2023, the composition of Tugu Insurance
 Tugu Insurance terdiri dari PT Pertamina (Persero) sebesar                     Shareholders consists of PT Pertamina (Persero) with
 58,50%, UOB Kay Hian Pte. Ltd. sebesar 15,89%, Samsung                         58.50%, UOB Kay Hian Pte. Ltd. with 15.89%, Samsung Fire
 Fire & Marine Insurance Co., Ltd sebesar 5,30%, dan lainnya                    & Marine Insurance Co., Ltd with 5.30%, and others with
 sebesar 20,31%.                                                                20.31% of the shares.


 Kinerja Saham
 Share Performance

 Pada tanggal 2 Januari 2023, perdagangan saham Tugu                            On 2 January 2024, Tugu Insurance share trading (ticker
 Insurance (kode saham: TUGU) dibuka pada harga Rp1.726                         code: TUGU) opened at the price of IDR1,726 per share
 per saham dengan jumlah saham beredar sebanyak                                 with a total of 1,777,787,800 outstanding shares. At the
 1.777.787.800 lembar saham. Pada akhir perdagangan                             end of the 2023 trading period, TUGU’s shares were closed
 tahun 2023, harga saham TUGU ditutup dengan harga                              at IDR1,020 per share with a total of 3,555,575,600
 Rp1.020 per saham dengan jumlah saham beredar sebanyak                         outstanding shares (after Stock Split). The performance
 3.555.575.600 lembar saham (setelah Stock Split). Kinerja                      of TUGU shares in the last 2 (two) years can be seen
 saham TUGU dalam 2 (dua) tahun terakhir dapat dilihat                          as follows:
 sebagai berikut:


                  Keterangan                                                                      2023
                   Description                           Q1                          Q2                         Q3                        Q4
     Jumlah Saham Beredar
                                                       1.777.787.800               3.555.575.600              3.555.575.600             3.555.575.600
     Total Outstanding Shares
     Kapitalisasi Pasar (Rp)
                                                   3.555.575.600.000          4.373.357.988.000          4.337.802.232.000         3.626.687.112.000
     Market Capitalization (IDR)
     Harga Tertinggi (Rp)
                                                                1.115*                       1.445                     1.480                      1.330
     Highest Price (IDR)
     Harga Terendah (Rp)
                                                                 743*                            968                   1.175                       985
     Lowest Price (IDR)
     Harga Penutupan (Rp)
                                                                1.000*                       1.230                     1.220                      1.020
     Closing Price (IDR)
     Volume Perdagangan (saham)
                                                         191.510.600                 365.396.300                432.458.400               273.661.900
     Trading Volume (shares)

 *Dikonversi ke harga setelah stock split 1:2
 *Converted to the price after stock split 1:2




26       LAPORAN TAHUNAN 2023                                                                                    PT Asuransi Tugu Pratama Indonesia Tbk
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 5   Tata Kelola Perusahaan              6    Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
     Corporate Governance                     Corporate Social Responsibility                    Audited Report




               Keterangan                                                                        2022
                Description                             Q1                          Q2                         Q3                        Q4
 Jumlah Saham Beredar
                                                      1.777.777.800                1.777.777.800             1.777.787.800           1.777.787.800
 Total Outstanding Shares
 Kapitalisasi Pasar (Rp)
                                                 2.595.555.588.000          2.391.111.141.000             4.568.914.646.000       3.084.461.833.000
 Market Capitalization (IDR)
 Harga Tertinggi (Rp)
                                                                 1.800                      1.600                    3.490                        3.010
 Highest Price (IDR)
 Harga Terendah (Rp)
                                                                 1.440                      1.305                    1.285                        1.460
 Lowest Price (IDR)
 Harga Penutupan (Rp)
                                                                 1.460                      1.345                    2.570                        1.735
 Closing Price (IDR)
 Volume Perdagangan (saham)
                                                          12.761.000                 22.259.200                177.872.900               147.859.300
 Trading Volume (shares)



Harga Saham dan Volume Perdagangan
Share Price and Trading Volume


 8.000                                                                                                                                        50.000.000


                                                                                                                                              45.000.000
 7.000

                                                                                                                                              40.000.000
 6.000
                                                                                                                                              35.000.000

 5.000
                                                                                                                                              30.000.000


 4.000                                                                                                                                        25.000.000


                                                                                                                                              20.000.000
 3.000

                                                                                                                                              15.000.000
 2.000
                                                                                                                                              10.000.000

 1.000
                                                                                                                                              5.000.000


     0                                                                                                                                        0
         JAN/23*   FEB/23* MAR/23        APR/23     MAY/23       JUN/23   JUL/23     AUG/23      SEP/23     OCT/23   NOV/23     DEC/23


                                              TUGU (Rp)             JKSE (Rp)            Volume (Lembar Saham | Shares)


* Harga saham TUGU dikonversi ke harga setelah stock split 1:2
* TUGU share prices converted to stock split price of 1:2




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                        ANNUAL REPORT 2023           27
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     1   Kilas Kinerja                2   Laporan Manajemen   3   Profil Perusahaan     4   Analisis dan Pembahasan Manajemen
         Performance Review               Management Report       Company Profile           Management Discussion and Analysis




 Aksi Korporasi
 Corporate Action

 Pada tahun 2023, Tugu Insurance melakukan aksi korporasi            In 2023, Tugu Insurance carried out a corporate action of
 pemecahan nilai saham (stock split) dengan rasio 1:2 atau           splitting the value of shares (stock split) with a ratio of
 dari Rp100,00 (seratus Rupiah) per saham menjadi Rp50,00            1:2 or from IDR100.00 (one hundred Rupiah) per share to
 (lima puluh Rupiah), sehingga jumlah saham beredar menjadi          IDR50.00 (fifty Rupiah), bringing the number of outstanding
 3.555.575.600.                                                      shares to 3,555,575,600.

 Pemecahan nilai saham ini telah disetujui oleh Rapat Umum           This stock split has been approved by the Annual General
 Pemegang Saham Tahunan pada tanggal 28 April 2023.                  Meeting of Shareholders on 28 April 2023.

                               Aksi korporasi                                               Ada/Tidak Ada
                              Coroporate Actions                                               Yes/No
     Pemecahan Saham                                                                             Ada
     Stock Split                                                                                 Yes
     Penggabungan Saham                                                                       Tidak Ada
     Reverse Stock                                                                               No
     Dividen Saham                                                                            Tidak Ada
     Stock Dividend                                                                              No
     Saham Bonus                                                                              Tidak Ada
     Bonus Shares                                                                                No
     Perubahan Nilai Nominal Saham                                                               Ada
     Changes in the Par Value of Shares                                                          Yes
     Penambahan dan Pengurangan Modal                                                         Tidak Ada
     Capital Addition and Reduction                                                              No


 Sanksi Perdagangan Saham
 Stock Trading Sanctions

 Sampai dengan 31 Desember 2023, Perseroan tidak pernah              Until 31 December 2023, the Company has never been
 dikenakan sanksi penghentian sementara perdagangan                  subject to sanctions of suspension and/or delisting which
 saham (suspension) dan/atau penghapusan pencatatan                  has an impact on share trading activities on the Stock
 saham (delisting) yang berpengaruh terhadap aktivitas               Exchange, where the Company lists and trades its shares.
 perdagangan saham di Bursa Efek tempat Perseroan                    Therefore, the Company did not have information regarding
 mencatatkan dan memperdagangkan saham. Oleh karena                  the impact of the suspension and/or delisting of shares that
 itu, Perseroan tidak memiliki informasi terkait dampak dari         can be presented in this Annual Report.
 penghentian sementara perdagangan saham (suspension)
 dan/atau penghapusan pencatatan saham (delisting) yang
 dapat disajikan dalam Laporan Tahunan ini.




28       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Ikhtisar Obligasi, Sukuk, atau Obligasi Konversi
Bonds, Sukuk, or Convertible Bonds Highlights




Perseroan tidak melakukan pencatatan obligasi, sukuk                            Until the publication of this 2023 Annual Report, the
atau obligasi konversi maupun pencatatan efek lainnya                           Company has not recorded bonds, sukuk or convertible
sampai dengan diterbitkannya Laporan Tahunan 2023 ini.                          bonds or recorded other securities. Therefore, there is no
Dengan demikian, tidak terdapat informasi mengenai jumlah                       information regarding the number of outstanding bonds/
obligasi/sukuk/obligasi konversi yang beredar (outstanding),                    sukuk/convertible bonds, interest/yield rates, maturity
tingkat bunga/imbalan, tanggal jatuh tempo, peringkat                           dates, and bond/sukuk ratings.
obligasi/sukuk.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023    29
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         Performance Review         Management Report       Company Profile              Management Discussion and Analysis




 Peristiwa Penting Tahun 2023
 2023 Important Events




 Maret March
          1 Maret 2023 | 1 March 2023                          Penandatanganan Kerjasama Asuransi
                                                               Syariah dengan Bank Jabar Banten Syariah
                                                               The Signing of Cooperation Agreement between
                                                               Sharia Insurance and Bank Jabar Banten Syariah

                                                               Unit Syariah Tugu Insurance menandatangani perjanjian kerjasama
                                                               bancassurance dengan PT Bank Jabar Banten Syariah (BJBS) dalam
                                                               rangka memperluas jalur distribusi pemasaran asuransi syariah.

                                                               Sharia Unit of Tugu Insurance signed bancassurance cooperation
                                                               agreement with PT Bank Jabar Banten Syariah (BJBS) in order to
                                                               expanding the marketing distribution channel of sharia insurance.




         13 Maret 2023 | 13 March 2023                         Pelestarian Mangrove di
                                                               Suaka Margasatwa Muara Angke
                                                               Mangrove Conservation at Muara Angke Wildlife Reserve

                                                               Balai Konservasi Sumber Daya Alam (BKSDA) DKI Jakarta bersama
                                                               Tugu Insurance melakukan penanaman 100 bibit mangrove di Suaka
                                                               Margasatwa (SM) Muara Angke.

                                                               Event ini sebagai bagian dari rangkaian HUT ke-41 Tugu Insurance,
                                                               yang telah dimulai dengan event Tugu Charity Virtual Run & Ride
                                                               dan diikuti oleh ribuan peserta. Setiap jarak yang ditempuh peserta
                                                               event ini dikonversi menjadi donasi yang akan digunakan untuk
                                                               mendukung pelestarian mangrove di SM Muara Angke.

                                                               DKI Jakarta Natural Resources Conservation Agency (BKSDA),
                                                               together with Tugu Insurance, planted 100 mangrove seedlings in
                                                               the Muara Angke Wildlife Reserve (SM).

                                                               This is part of Tugu Insurance's 41st anniversary event series, which
                                                               started with the Tugu Charity Virtual Run & Ride event and was
                                                               attended by thousands of participants. Every distance traveled by
                                                               participants in this event is converted into donations that will be
                                                               used to support mangrove conservation at SM Muara Angke.




30       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                 Audited Report




April April                                                   Mei May
    28 April 2023 | 28 April 2023                                  24 Mei 2023 | 24 May 2023




                                                              Pemecahan Nominal Saham
                                                              Stock Split
RUPS Tahunan
Annual GMS                                                    Perseroan melaksanakan pemecahan nilai nominal saham (stock split) sesuai
                                                              dengan hasil RUPST tanggal 28 April 2023 dimana awal perdagangan saham
Pada 28 April 2023 Tugu Insurance mengadakan                  dengan nilai nominal baru dimulai pada tanggal 24 Mei 2023 untuk pasar regular
Rapat Umum Pemegang Saham Tahunan (RUPST)                     dan negosiasi sedang untuk pasar tunai dimulai pada tanggal 26 Mei 2023.
untuk tahun buku 2022 yang diselenggarakan secara
hybrid. RUPST ini dilaksanakan di Ruang Serba Guna            The Company executed the stock split in accordance with the AGMS resolution
PT Asuransi Tugu Pratama Indonesia Tbk Wisma Tugu             on 28 April 2023, where the share trading with new nominal for the regular and
I, Lantai 1 Jl. H.R. Rasuna Said Kav. C 8-9, Jakarta          negotiation markets started on 24 May 2023, and for the cash market started on
Selatan 12920, dan dihadiri oleh Dewan Komisaris,             26 May 2023.
Direksi, Pemegang Saham/Kuasa Pemegang Saham,
serta perwakilan dari lembaga/profesi penunjang
pasar modal.
                                                                 30 Mei 2023 | 30 May 2023
Pada RUPST ini, Pemegang Saham juga menyetujui
pelaksanaan pemecahan saham (stock split) dengan
rasio 1:2 atau dimana setelah stock split nilai
nominal saham Perseroan berubah dari Rp100,00
(seratus Rupiah) per saham menjadi Rp50,00
(lima puluh Rupiah) per saham dan jumlah saham
beredar berubah dari 1.777.787.800 saham menjadi
3.555.575.600 saham.

On 28 April 2023, Tugu Insurance held an Annual
General Meeting of Shareholders (AGMS) for the
2022 fiscal year in a hybrid manner. This AGMS was            Tugu Insurance Bantu Anak Penderita Kanker
held in the Function Hall of PT Asuransi Tugu Pratama         Mendapatkan Akses Pelayanan Kesehatan
Indonesia Tbk, Wisma Tugu I, 1st Floor Jl. H.R.               Tugu Insurance Helped Children with Cancer
Rasuna Said Kav. C 8-9, South Jakarta 12920, and
                                                              to Get Access to Health Services
attended by the Board of Commissioners, Directors,
Shareholders/Proxies, as well as representatives from
                                                              Perseroan melalui program Corporate Social Responsibility (CSR) yang dinamakan
capital market supporting institutions/professions.
                                                              Bakti TUGU, menggandeng Yayasan Pita Kuning Anak Indonesia (YPKAI) untuk
                                                              memberi dukungan nyata kepada anak-anak penderita kanker berupa donasi untuk
At this AGMS, Shareholders also approved the
                                                              memenuhi kebutuhan nutrisi dan medis anak-anak tersebut. Donasi ini diharapkan
implementation of stock split with a ratio of 1:2
                                                              turut membantu lebih dari 40 anak penderita kanker dari keluarga prasejahtera
or after the stock split the nominal value of the
                                                              yang berada di naungan YPKAI.
Company's shares changed from IDR100.00
(one hundred Rupiah) per share to IDR50.00 (fifty
                                                              Through the Corporate Social Responsibility (CSR) program called Bakti TUGU, the
Rupiah) per share, and the number of outstanding
                                                              Company and Pita Kuning Anak Indonesia Foundation (YPKAI) collaborated to give
shares changed from 1,777,787,800 shares to
                                                              real support to children with cancer through donations to meet their nutritional and
3,555,575,600 shares.
                                                              medical needs. This donation hopefully will help more than 40 children with cancer
                                                              who come from underprivileged families under YPKAI.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023           31
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          Performance Review        Management Report       Company Profile               Management Discussion and Analysis




 September September
          26 September 2023 | 26 September 2023                Penandatanganan Kerja Sama Bancassurance
                                                               antara Tugu Insurance dan BCA Syariah
                                                               The Signing of Bancassurance Cooperation Agreement
                                                               between Tugu Insurance and BCA Syariah

                                                               Unit Syariah Tugu Insurance jalin kerja sama bancassurance dengan
                                                               BCA Syariah dengan model bisnis referensi dalam rangka produk
                                                               bank. Bentuk kerja sama mencakup penyediaan layanan asuransi
                                                               kebakaran properti dan produk asuransi kendaraan bermotor,
                                                               sebagai bentuk perlindungan bagi jaminan nasabah pembiayaan
                                                               produktif dan konsumtif.

                                                               Sharia unit of Tugu Insurance signed a bancassurance cooperation
                                                               agreement with BCA Syariah with a reference business model in
                                                               bank product. This agreement includes cooperation in providing
                                                               insurance services for property/fire and motor vehicle insurance
                                                               products in the form of protection on the collateral of the productive
                                                               and consumptive financing customers.




 Oktober October
         16 Oktober 2023 | 16 October 2023                     Tugu Insurance Dukung Pendidikan
                                                               Indonesia melalui Program Beasiswa
                                                               dan Literasi Keuangan
                                                               Tugu Insurance Supported Indonesian Education
                                                               through Scholarship and Financial Literacy Programs

                                                               Perseroan bekerja sama dengan Yayasan Karya Salemba Empat
                                                               (KSE) memberikan dukungan dalam bentuk paket beasiswa
                                                               pendidikan kepada beberapa mahasiswa berprestasi di Perguruan
                                                               Tinggi Negeri (PTN) yang memiliki keterbatasan sumber daya
                                                               ekonomi. Selain itu, Perseroan bersama KSE juga melaksanakan
                                                               program seri pertama Webinar Literasi Keuangan 2023 dengan tema
                                                               “Alasan Pentingnya Asuransi untuk Millenial & Gen Z” dan dihadiri
                                                               oleh 239 mahasiswa yang berasal dari berbagai PTN yang tersebar
                                                               di Indonesia.

                                                               The Company collaborated with the Karya Salemba Empat
                                                               Foundation (KSE) to provide educational scholarship support
                                                               packages to several brilliant students at the State Universities (PTN)
                                                               with limited economic resources. In addition, the Company and KSE
                                                               also held the first series of Financial Literacy Webinar 2023 with the
                                                               theme "The Importance of Insurance for Millennials & Gen Z" which
                                                               was attended by 239 students from various PTNs spread across
                                                               Indonesia.



32       LAPORAN TAHUNAN 2023                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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                                                              Company Visit Universitas Indonesia 2023
    31 Oktober 2023 | 31 October 2023
                                                              Company Visit University of Indonesia 2023

                                                              Tugu Insurance menyambut 230 mahasiswa vokasi Jurusan Aktuari dari Universitas
                                                              Indonesia di kantor pusat Perseroan. Tujuan dari kegiatan ini adalah untuk
                                                              memperlihatkan bisnis proses yang ada di Tugu Insurance secara langsung
                                                              dengan harapan menjadi jembatan wawasan dan pengetahuan antara hal-hal yang
                                                              dipelajari oleh mahasiswa di kelas dengan praktik kerja secara nyata, sehingga
                                                              para mahasiswa dapat memperoleh gambaran dan wawasan penerapan ilmu
                                                              Asuransi di perusahaan dalam menghadapi dunia kerja.

                                                              Kegiatan ini diisi dengan beberapa pemaparan mengenai Tugu Insurance dan
                                                              implementasi ilmu Asuransi di dunia kerja serta informasi mengenai program
                                                              Internship dan Management Trainee yang diselenggarakan oleh Tugu Insurance.
                                                              Selanjutnya diadakan sharing session mengenai apa saja yang harus dipersiapkan
                                                              oleh mahasiswa untuk menghadapi dunia kerja, antara lain pemaparan mengenai
                                                              tata cara pembuatan Curriculum Vitae yang baik dan benar serta proses
                                                              recruitment yang ada di Tugu Insurance.

Tugu Insurance welcomed 230 vocational students majoring in Actuaries from the University of Indonesia at the
Company's head office. This activity aims to show the business processes at Tugu Insurance directly, hoping this
activity becomes a bridge of insight and knowledge between the material studied by students in the class and
the real work practices so the students obtain an overview and insight about how the Insurance theory applied
in the working world in companies.

This activity also presented the presentation regarding Tugu Insurance and how to implement the knowledge
in the working world, as well as information on the Internship and Management Trainee programs organized
by Tugu Insurance. Hereafter, the activity followed by a sharing session regarding the things that need to be
prepared by students to face the working world, among others, how to prepare a good and correct Curriculum
Vitae and the recruitment process in Tugu Insurance.




November November
                                                              Tugu Insurance Bangun Fasilitas Air
    3 November 2023 | 3 November 2023
                                                              Bersih untuk Masyarakat
                                                              Tugu Insurance Built Clean Water Facilities for the Community

                                                              Perseroan membangun infrastruktur untuk fasilitas air bersih yang layak untuk
                                                              masyarakat Desa Sukamanah, Sumedang, Jawa Barat sebagai salah satu program
                                                              CSR. Adapun pembangunan infrastruktur fasilitas air bersih tersebut, memberikan
                                                              manfaat kepada sekitar 1.400 KK prasejahtera di lingkungan Desa Sukamanah,
                                                              Kecamatan Jatinunggal, Kabupaten Sumedang, Jawa Barat.

                                                              The Company built the proper clean water facilities infrastructure for the people
                                                              of Sukamanah Village, Sumedang, West Java, as part of the CSR programs. The
                                                              construction of clean water facility infrastructure will provide benefits to around
                                                              1,400 underprivileged families in Sukamanah Village, Jatinunggal District, Sumedang
                                                              Regency, West Java.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023        33
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          Performance Review           Management Report                  Company Profile              Management Discussion and Analysis




         17-19 November 2023 | 17-19 November 2023                                 27 November 2023 | 27 November 2023




                                                                             Syukuran HUT Tugu Insurance ke-42
                                                                             Tugu Insurance 42nd Anniversary

                                                                             Sebagai puncak acara rangkaian peringatan HUT Tugu Insurance
                                                                             ke-42, Perseroan mengadakan Syukuran Ulang Tahun Tugu Insurance
                                                                             yang dilaksanakan di Gedung Wisma Tugu I dan dihadiri oleh seluruh
                                                                             karyawan Perseroan yang bertugas di Kantor Pusat.
 Employee Gathering Perayaan
                                                                             Sebagai bentuk syukur atas bertambahnya usia Perseroan, pada
 HUT ke-42 Tugu Insurance                                                    kesempatan ini jajaran manajemen menyampaikan kilas kinerja
 Employee Gathering Celebrating Tugu                                         Perseroan serta harapan kedepannya, juga mengungkapkan rasa
 Insurance's 42nd Anniversary                                                terima kasih kepada dedikasi karyawan Perseroan. Semoga acara
                                                                             ini mendatangkan manfaat dan keberkahan yang terus bertumbuh
 Dalam rangka memperingati HUT ke-42 Perseroan mengadakan                    seiring perjalanan Tugu Insurance di masa mendatang.
 Employee Gathering di Semarang, Jawa Tengah dengan berbagai
 rangkaian acara menarik yang turut dimeriahkan oleh seluruh insan           As the highlight of the event of the Tugu Insurance 42nd anniversary,
 Tugu baik dari kantor pusat maupun kantor cabang                            the Company held anniversary celebration in Gedung Wisma Tugu I,
 hingga jajaran Direksi dan Komisaris.                                       and it was attended by all Company’s employee in the Head Office.

 Dalam perayaan ini, Perseroan juga melakukan kegiatan CSR berupa            As a form of gratitude for the anniversary, the management
 penanaman 2.000 bibit pohon produktif (alpukat, kelengkeng, dan             presented the performance highlight and the Company's expectation
 mangga) di Desa Sumogawe, Kabupaten Semarang. Bibit pohon                   for the next year. The management also expressed its gratitude to
 ini nantinya akan dikelola oleh kelompok tani setempat sehingga             the employee’s dedication to the Company and hopes that the event
 kegiatan ini tidak hanya berfokus terhadap pelestarian alam, namun          continuously gives benefits and blessings along with the journey of
 juga dapat memberdayakan dan meningkatkan perekonomian                      the Company in the future.
 masyarakat di Desa Sumogawe.

 To celebrate the 42nd anniversary, the Company held Employee
 Gathering in Semarang, Central Java, with the various interesting
 events series enlivened by all Tugu's employees from head and
 branch offices, and also the Board of Commissioners and Directors.

 In this celebration, the Company also carried out CSR activities
 by planting 2,000 productive tree seedlings (avocado, longan,
 and mango) in Sumogawe Village, Semarang Regency. These tree
 seedlings will later be managed by local farmer groups therefore
 this activity will not only focus on nature conservation, but can also
 empower and improve the economy of the community in Sumogawe
 Village.




34       LAPORAN TAHUNAN 2023                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility        Audited Report




Desember December
      11 Desember 2023 | 11 December 2023




Paparan Publik (Public Expose) 2023
Public Expose 2023

Dalam rangka memenuhi ketentuan Peraturan Pencatatan Efek
PT Bursa Efek Indonesia Peraturan No. I-E tentang tentang Kewajiban
Penyampaian Informasi, angka III.3. mengenai Kewajiban Public
Expose, Surat Keputusan Direksi PT Bursa Efek Indonesia No. Kep-
00066/BEI/09-2022 perihal Perubahan Peraturan No. I-E Tentang
Kewajiban Penyampaian Informasi tanggal 30 September 2022, Tugu
Insurance mengadakan Paparan Publik Tahunan untuk memberikan
informasi mengenai kinerja Perseroan tahun buku 2023.

In order to comply with the provisions of the securities Listing
Regulations of Indonesia Stock Exchange No. I-E regarding the
Obligation to Submit Information, number III.3. regarding Public
Expose Obligations, Decree of the Directors of Indonesia Stock
Exchange No. Kep-00066/BEI/09-2022 concerning Amendments to
Regulation No. I-E Regarding the Obligation to Submit Information,
dated 30 September 2022, Tugu Insurance held the Annual Public
Expose to provide information regarding the Company's performance
for the 2023 fiscal year.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                 ANNUAL REPORT 2023   35
Page 38
02
Laporan
Manajemen
Management Report
Page 39

          
Page 40
     1   Kilas Kinerja          2   Laporan Manajemen   3   Profil Perusahaan   4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report       Company Profile         Management Discussion and Analysis




 Laporan
 Dewan Komisaris
 Report of the Board of
 Commissioners



 Dian Masyita
 Presiden Komisaris &
 Komisaris Independen
 President Commissioner &
 Independent Commissioner




 PT Asuransi Tugu Pratama
 Indonesia Tbk memiliki komitmen
 yang tinggi untuk menerapkan
 prinsip-prinsip Good Corporate
 Governance (GCG) dengan tujuan
 untuk menjaga pertumbuhan
 bisnis yang berkesinambungan
 dalam menghadapi persaingan
 bisnis yang semakin dinamis.

 PT Asuransi Tugu Pratama
 Indonesia Tbk is highly committed
 to implementing Good Corporate
 Governance (GCG) principles
 with the aim of maintaining
 sustainable business growth
 amid increasingly dynamic
 business competition.




38       LAPORAN TAHUNAN 2023                                                           PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Para Pemegang Saham dan Pemangku Kepentingan                                    Dear Distinguished Shareholders and Stakeholders,
yang Terhormat,

Pertama-tama, izinkan kami mengawali laporan ini dengan                         First of all, we would like to begin this report by expressing
memanjatkan puji syukur kepada Tuhan Yang Maha Esa.                             our gratitude to God Almighty. This Board of Commissioners
Laporan Dewan Komisaris ini merupakan pokok-pokok                               report outlines the main points from the Supervisory Report
Laporan Pengawasan terhadap operasional Perseroan di                            on the Company's operations for the 2023 fiscal year in
tahun buku 2023 terkait pencapaian kinerja usaha dalam                          terms of achieving business performance and fulfilling
merealisasikan peran strategisnya di industri asuransi                          its strategic role within the Indonesian insurance sector.
Indonesia. Kehadiran kami sepenuhnya diarahkan pada                             The Commissioners is entirely focused on the supervisory
fungsi pengawasan yang senantiasa memastikan bahwa                              function, ensuring the Company’s operational activities have
kegiatan operasional Perseroan telah mengacu pada rencana                       referred to the specified business plan with the principles of
bisnis yang ditetapkan dengan berprinsip pada akuntabilitas,                    accountability, professionalism, as well as compliance with
profesionalisme, serta kepatuhan terhadap peraturan                             the applicable laws and regulations.
perundang-undangan yang berlaku.

Dalam Siaran Pers Otoritas Jasa Keuangan (OJK) No. SP                           In the Financial Services Authority (OJK) Press Release
03/GKPB/OJK/I/2024 tanggal 9 Januari 2024 disebutkan                            No. SP 03/GKPB/OJK/I/2024, dated 9 January 2024, it
bahwa OJK menilai stabilitas sektor jasa keuangan nasional                      is stated that OJK believes that strong capital, sufficient
terjaga, didukung oleh permodalan yang kuat, likuiditas yang                    liquidity, and a well-managed risk profile has supported the
memadai, dan profil risiko yang terjaga sehingga mampu                          national financial services sector's stability and enable it to
menghadapi potensi perlambatan pertumbuhan ekonomi                              withstand any potential slowdown in global economic growth.
global. Indikator perekonomian menunjukkan moderasi                             Economic indicators suggest moderated growth in several
pertumbuhan ekonomi di beberapa negara, khususnya di                            countries, especially in the European Union and China.
negara Uni Eropa dan Tiongkok. Perlambatan pertumbuhan                          Slowing economic growth allowed the central bank to be
ekonomi mendorong inflasi turun mendekati target inflasi                        more accommodating by bringing inflation lower and closer to
sehingga memberikan ruang bagi bank sentral untuk lebih                         the target. In the United States (US), The Fed indicated that
akomodatif. Di Amerika Serikat (AS), The Fed mengisyaratkan                     it would reduce the policy interest rate by 75 bps in 2024
akan menurunkan suku bunga kebijakan sebesar 75 bps                             with the market assessing that the US economy is still quite
di 2024 dengan pasar menilai ekonomi AS masih cukup                             resilient and is not expected to fall into a recession.
resilient dan diperkirakan tidak akan mengalami resesi.

Namun demikian, pasar masih mencermati perkembangan                             However, the market is still closely monitoring future
geopolitik ke depan, seperti eskalasi ketegangan di                             geopolitical developments, such as the intensifying tensions
laut merah imbas dari konflik Palestina-Israel, serta                           in the Red Sea due to the Palestine-Israel conflict and the
penyelenggaraan pemilihan umum yang mencakup 50 persen                          upcoming general elections that will affect fifty percent of the
populasi dunia terutama di beberapa negara utama seperti                        global population, especially in several major countries such
AS, Uni Eropa, India, dan Taiwan.                                               as the US, European Union, India, and Taiwan.

Secara umum sentimen di pasar keuangan gobal cenderung                          Essentially, expectations of a Fed Funds Rate (FFR) interest
positif pada Desember 2023 didukung oleh ekspektasi                             rate reduction and the narrative of a soft landing in the US,
penurunan suku bunga Fed Funds Rate (FFR) dan narasi soft                       support the positive sentiment on global financial markets in
landing di AS, sehingga mendorong kembalinya aliran dana                        December 2023, which encourages the return of fund inflows
masuk ke Emerging Markets (EM) dan penguatan pasar                              to Emerging Markets (EM) and solidifies global financial
keuangan global, termasuk pasar keuangan Indonesia.                             markets, including Indonesian financial market. At the same
Volatilitas baik di pasar saham, surat utang, maupun nilai                      time, volatility in the stock market, debt securities and
tukar juga terpantau menurun.                                                   exchange rates also notably decreased.



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     1   Kilas Kinerja          2   Laporan Manajemen     3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report           Company Profile            Management Discussion and Analysis




 Di sisi lain, indikator perekonomian domestik menunjukkan         On the other hand, domestic economic indicators show that
 bahwa leading indicators perekonomian nasional masih              a fairly positive leading indicators of the national economy,
 cukup positif, di antaranya ditunjukkan oleh neraca               including the trade balance which is still in surplus and
 perdagangan yang masih surplus dan Purchasing Managers'           expansive Manufacturing PMI (Purchasing Managers’ Index).
 Index (PMI) Manufaktur yang masih ekspansif. Tingkat inflasi      The inflation rate was also remained low at 2.61 percent
 juga terjaga rendah di level 2,61 persen yoy (November            yoy (November 2023: 2.28 percent yoy). However, it is still
 2023: 2,28 persen yoy). Namun demikian, masih perlu               necessary to monitor the future developments in domestic
 dicermati perkembangan permintaan domestik ke depan               demand considering core inflation and consumer optimism
 seiring masih berlanjutnya penurunan inflasi inti, penurunan      continues to decline, as well as weakening growth in retail
 optimisme konsumen, serta melandainya pertumbuhan                 and motor vehicle sales.
 penjualan ritel dan kendaraan bermotor.


 Fungsi Pengawasan dan Penilaian Dewan Komisaris atas Kinerja Direksi
 Supervision and Assessment Function of the Board of Commissioners on the Performance of
 the Board of Directors
 Tahun 2023 merupakan tahun yang sangat menantang bagi             The year 2023 was very challenging for PT Asuransi Tugu
 PT Asuransi Tugu Pratama Indonesia Tbk, namun Perseroan           Pratama Indonesia Tbk, however, the Company continues its
 tetap melakukan beragam upaya untuk mencapai target yang          various efforts to accomplish the established targets. The
 telah ditetapkan. Parameter utama untuk menilai kinerja           main parameter for assessing Management performance
 Manajemen adalah Indikator Kinerja Utama (IKU) yang terdiri       is the Key Performance Indicators (KPI) which consists of
 dari IKU yang disampaikan ke Pemegang Saham Utama.                the KPI submitted to Major Shareholders. In addition, the
 Selain itu, Dewan Komisaris juga melaksanakan pengawasan          Board of Commissioners also supervises the achievement
 pencapaian IKU tersebut per Direktorat yang dibawahi oleh         of the KPI per Directorate which is supervised by the Director
 Direktur yang bertanggungjawab atas pelaksanaan dan               responsible for the implementation and the achievement of
 pencapaian target kinerja.                                        performance targets.

 Lebih lanjut, secara reguler, Dewan Komisaris juga                Furthermore, the Board of Commissioners also regularly
 turut mengawasi kinerja Manajemen secara reguler                  monitors Management performance by empowering the
 dengan memberdayakan organ Dewan Komisaris untuk                  Board of Commissioners’ organs to conduct more in-depth
 melaksanakan telaah atas kinerja bisnis secara lebih              study of business performance, particularly in the main
 mendalam terutama pada area utama yang berkenaan                  areas relating to financial reports reflecting the Company's
 dengan laporan keuangan yang mencerminkan kinerja                 business performance, business and operational risk
 bisnis Perseroan, manajemen risiko bisnis dan operasional,        management, implementation of good governance and
 pelaksanaan tata kelola yang baik serta kinerja sumber daya       human resource performance in the Company's organization.
 manusia dalam organisasi Perseroan. Hasil telaah tersebut         The study’s findings are then presented to the Board of
 kemudian dibawa ke dalam rapat reguler Dewan Komisaris            Directors and Commissioners during their regular meetings
 dan Dewan Direksi untuk mendapatkan informasi lebih lanjut        in order to get more details from the Top Management.
 dari Top Management.

 Pada prinsipnya Dewan Komisaris mengawasi dengan                  Fundamentally, the Board of Commissioners carefully
 seksama kinerja bisnis melalui dua kegiatan utama dalam           monitors business performance through two main activities
 bisnis asuransi yaitu hasil underwriting dan hasil kelolaan       in the insurance business, such as, underwriting results
 investasi. Pengawasan kinerja tersebut dilakukan mulai dari       and investment management results. The performance
 proses perencanaan dan realisasi gross premium written,           supervision is conducted from the planning process and the
 underwriting results, serta hasil pengelolaan portofolio          realization of gross premium written, underwriting results,
 investasi dan laba bersih perusahaan secara berkala,              as well as investment portfolio management results and the
 termasuk pemantauan melalui ukuran-ukuran kinerja usaha           company's net profit on a regular basis, including monitoring
 perasuransian. Dewan Komisaris dengan seksama juga                through insurance business performance measures. The
 mempertimbangkan faktor ekonomi keuangan domestik dan             Board of Commissioners also carefully considers domestic
 internasional sebagai driving forces dalam implementasi           and international economic and financial factors as driving
 strategi serta langkah-langkah taktis yang diputuskan oleh        forces in implementing strategic and tactical steps decided
 Direksi dalam mempertahankan kinerja bisnis Perseroan.            by the Board of Directors in maintaining the Company's
                                                                   business performance.



40       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Secara umum, kinerja Perseroan mengalami peningkatan                            The Company's performance generally showed a steady
yang stabil dengan proporsi penghasilan bisnis yang masih                       increase with the proportion of business income still
mengandalkan premi dari bisnis korporasi. Komposisi                             dependent on premiums from corporate business.
tersebut memiliki risiko instabilitas yang tinggi manakala                      This composition presents a high risk of instability in
terjadi ketidakberlanjutan bisnis. Perseroan dengan                             case of unsustainable business. As the Company, with
klien korporat tertentu memandang perlunya pencapaian                           certain corporate clients, recognizes the need to achieve
keberlanjutan pertumbuhan penghasilan bisnis yang sehat,                        sustained healthy growth in business income, the Board of
Dewan Komisaris memberikan rekomendasi agar Perseroan                           Commissioners recommended that the Company increase
dapat meningkatkan penghasilan bisnis dari sektor                               business income from the retail sector. As a result, the
ritel. Untuk mendukung hal tersebut, Dewan Komisaris                            Board of Commissioners believes that it is necessary to
memandang perlu meningkatkan dukungan teknologi                                 improve information technology support that is strong,
informasi yang kuat, terintegrasi dan andal. Penerapan                          integrated and reliable. The application of information
teknologi informasi tersebut nantinya tidak hanya akan                          technology will not only provide space for healthy growth
menyediakan ruang tumbuh yang sehat bagi Perseroan                              for the Company but will also become a fundamental
namun juga akan menjadi fundamental yang sangat                                 determinant for the development and strengthening of the
menentukan bagi pengembangan dan penguatan tingkat                              Company's competitive level in the insurance industry.
kompetitif Perseroan dalam industri asuransi.

Beberapa catatan penting terkait kebijakan mendasar di                          Some important remarks related to fundamental policies
tahun 2023 akan menjadi dasar bagi Dewan Komisaris                              in 2023 will be the basis for the Board of Commissioners
untuk mendorong perkembangan Perseroan ke depan.                                to encourage the development of the Company in the
Dewan Komisaris memberikan apresiasi terhadap kinerja,                          coming years. The Board of Commissioners expresses
komitmen, dan dedikasi yang telah diperlihatkan Direksi                         its appreciation for the performance, commitment and
sepanjang tahun 2023 serta mengapresiasi upaya Direksi                          dedication shown by the Board of Directors throughout
dan seluruh jajarannya dalam mengantisipasi tantangan dan                       2023 and appreciates the efforts of the Board of Directors
perkembangan bisnis ke depan.                                                   and all staff in anticipating future business challenges
                                                                                and developments.

Dewan Komisaris menilai Perseroan telah menjalankan                             The Board of Commissioners evaluates that the Company
bisnisnya sesuai dengan rencana kerja tahunan, visi dan                         has carried out its business in accordance with the annual
misi, serta arahan strategis dari Pemegang Saham. Melalui                       work plan, vision and mission, as well as strategic guidance
pengamatan cermat terhadap kondisi makro ekonomi,                               from Shareholders. By carefully observing macroeconomic
perubahan lingkungan usaha serta perubahan perilaku                             conditions, changes in the business environment and
dan kebutuhan konsumen, Perseroan cukup mampu                                   changes in consumer behaviour and needs, the Company
beradaptasi dan menerapkan strategi yang relevan sesuai                         is able to adapt and implement relevant strategies in
perkembangan terkini.                                                           accordance with the latest developments.


Mekanisme dan Frekuensi Pemberian Nasihat kepada Direksi
Mechanism and Frequency of Providing Advice to the Board of Directors

Dewan Komisaris menjalankan fungsi pengawasan melalui                           The Board of Commissioners carries out its supervisory
beberapa mekanisme komunikasi dan juga pendalaman                               function through several communication mechanisms and
materi terhadap suatu topik tertentu. Pada prinsipnya                           also in-depth study of material on certain topics. In principle,
pertemuan antara Dewan Komisaris dan Direksi dalam                              the Board of Directors and the Board of Commissioners
rapat formal rutin setidaknya empat kali dalam setahun                          should hold formal meetings on a regular basis, at least
merupakan momen saling bertukar informasi untuk                                 four times a year, during which they exchange information
mengurangi informasi asimetris dalam Perseroan.                                 to reduce asymmetric information within the Company.
Pengawasan dilaksanakan oleh Dewan Komisaris secara                             Supervision is carried out by the Board of Commissioners
berkala dengan memantau serta menelaah data yang                                periodically by monitoring and reviewing the data submitted
disampaikan oleh Direksi kepada Dewan Komisaris.                                by the Board of Directors to the Board of Commissioners.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023         41
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     1   Kilas Kinerja          2   Laporan Manajemen      3    Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report           Company Profile            Management Discussion and Analysis




 Penyampaian nasihat dan rekomendasi diberikan secara              The Board of Commissioners shall formally send
 formal melalui surat Dewan Komisaris kepada Direksi               letters to the Board of Directors providing advice and
 atas topik-topik tertentu yang dinilai krusial oleh Dewan         recommendations on several issues which the Board of
 Komisaris. Penyampaian nasihat secara tertulis tersebut           Commissioners deemed crucial. The submission of written
 selalu didahului dengan pendalaman materi oleh komite             advice is always initiated with in-depth study of the material
 Dewan Komisaris yang kemudian secara bertahap dibahas             by a committee of the Board of Commissioners, which is
 sampai pada tingkat rapat Dewan Komisaris sebelum                 then progressively discussed at the level of the Board of
 kemudian dibawa ke rapat Dewan Komisaris dan Direksi.             Commissioners meetings before being presented to the
                                                                   Board of Commissioners and Board of Directors meeting.

 Sepanjang tahun 2023, Dewan Komisaris telah                       Throughout 2023, the Board of Commissioners has
 melaksanakan rapat Dewan Komisaris mengundang Direksi             conducted meetings by inviting the Board of Directors 11
 sebanyak 11 (sebelas) kali, dengan tingkat kehadiran Dewan        (eleven) times, with the overall attendance rate of 100%.
 Komisaris dalam rapat secara keseluruhan adalah 100%.             In addition, the organs of the Board of Commissioners,
 Selain itu, organ Dewan Komisaris yaitu Komite Audit, Komite      namely the Audit Committee, Nomination and Remuneration
 Nominasi dan Remunerasi, serta Komite Pemantau Risiko             Committee, and Risk Monitoring Committee also held
 juga melakukan rapat dengan mengundang Direktorat dan             meetings by inviting relevant Directorates and Divisions to
 Divisi terkait untuk membahas bidang-bidang yang menjadi          discuss the areas of responsibility of each Committee.
 tanggung jawab masing-masing Komite.


 Pandangan atas Prospek Usaha yang Disusun oleh Direksi
 Opinions on Business Prospects Prepared by the Board of Directors

 Seperti dikutip dari laporan yang dirilis Bank Indonesia,         As quoted from a report released by Bank Indonesia, inflation
 inflasi tahun 2024 diperkirakan berada dalam rentang              in 2024 is predicted to be within the range of 2.5+1%. The
 sasaran 2,5+1%. Perkiraan ini utamanya didorong oleh              main influences of this forecast are the anticipated gradual
 permintaan domestik yang masih akan membaik secara                improvement in domestic demand, the anticipated limited
 gradual, dampak harga global ke domestik yang terbatas,           influence of global prices on domestic prices, inflation
 serta ekspektasi inflasi dan nilai tukar yang terjaga.            expectations, and a stable currency rate. Bank Indonesia's
 Kebijakan moneter Bank Indonesia akan tetap konsisten             monetary policy will remain consistent in managing inflation
 dalam mengelola ekspektasi inflasi sesuai sasaran. Selain         expectations according to targets. In addition, Bank
 itu, Bank Indonesia akan terus memperkuat koordinasi dan          Indonesia will continue to enhance its coordination and
 sinergi dalam pengendalian inflasi antara Bank Indonesia          synergy in controlling inflation between Bank Indonesia and
 dan Pemerintah (Pusat dan Daerah) dalam Tim Pengendalian          the Government (Central and Regional) within the Central
 Inflasi Pusat dan Daerah (TPIP dan TPID) melalui penguatan        and Regional Inflation Control Teams (TPIP and TPID) through
 Gerakan Nasional Pengendalian Inflasi Pangan (GNPIP) di           strengthening the National Food Inflation Control Movement
 berbagai daerah.                                                  (GNPIP) in various regions.

 Dewan Komisaris memandang bahwa tahun 2024 masih                  The Board of Commissioners believes that 2024 will still be
 menjadi tahun yang penuh tantangan dalam rangka upaya             a challenging year to boost economic growth. Therefore, the
 meningkatkan pertumbuhan ekonomi. Untuk itu, Dewan                Board of Commissioners provides strategic guidance through
 Komisaris memberikan arahan strategis melalui Rencana             the five-year Company Long Term Plan (RJPP) which outlines
 Jangka Panjang Perusahaan (RJPP) lima tahunan yang                the overall goals the company will gradually accomplish.
 memuat rancangan umum hal-hal yang akan dicapai                   The scope of the RJPP includes the Company's revenue
 Perseroan secara bertahap. Cakupan RJPP termasuk                  target which is reinforced by the design of the organisation
 diantaranya adalah target pendapatan Perseroan yang               and the quality of its human resources. Referring to the
 disokong oleh rancangan organisasi beserta kualitas SDM           RJPP, the Board of Commissioners conducts annual periodic
 pendukungnya. Mengacu pada RJPP tersebut, Dewan                   monitoring and supervision through the preparation and
 Komisaris melaksanakan pemantauan dan pengawasan                  implementation of the Company's Work Plan and Budget. The
 berkala tahunan melalui penyusunan dan pelaksanaan                monitoring takes place every three months or less. Based on
 Rencana Kerja dan Anggaran Perusahaan. Frekuensi                  these monitoring results, the Board of Commissioners can
 pengawasan dilakukan dalam tiga bulanan atau kurang               assess Management's achievements in anticipating future
 dari itu. Berdasarkan hasil-hasil pemantauan tersebut             business prospects.
 Dewan Komisaris menilai pencapaian Manajemen dalam
 mengantisipasi prospek usaha di masa mendatang.


42       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Pandangan Dewan Komisaris Terhadap Tata Kelola Perusahaan
The Board of Commissioners' Opinion on Corporate Governance

Dewan Komisaris senantiasa memonitor perkembangan                               The Board of Commissioners always monitors developments
penerapan tata kelola perusahaan secara optimal. Sebagai                        in the implementation of optimal corporate governance.
entitas usaha, PT Asuransi Tugu Pratama Indonesia Tbk                           As a business entity, PT Asuransi Tugu Pratama Indonesia
memiliki komitmen yang tinggi untuk menerapkan prinsip-                         Tbk is highly committed to implementing Good Corporate
prinsip Good Corporate Governance (GCG) dengan tujuan                           Governance (GCG) principles with the aim of maintaining
untuk menjaga pertumbuhan bisnis yang berkesinambungan                          sustainable business growth amid increasingly dynamic
dalam menghadapi persaingan bisnis yang semakin dinamis.                        business competition. The implementation of corporate
Penerapan tata kelola perusahaan di Tugu Insurance didasari                     governance at Tugu Insurance is based on solid integrity
oleh integritas yang kokoh sehingga prinsip-prinsip tata                        and therefore the principles of corporate governance are
kelola perusahaan terimplementasi di seluruh tingkatan                          implemented at all levels and in all activities of the Company.
dan di seluruh aktivitas Perseroan. Penerapan prinsip tata                      It is believed that by putting these governance principles into
kelola tersebut diyakini dapat berpengaruh pada kinerja                         practice, the Company's operational performance will be able
operasional Perseroan yang berjalan secara konsisten dan                        to operate more reliably and sustainably.
berkesinambungan.

Dewan Komisaris dan Direksi memegang peranan penting                            The Board of Commissioners and Directors play an important
dalam penerapan tata kelola di lingkungan Perseroan. Oleh                       role in implementing governance within the Company.
karena itu, seluruh jajaran Dewan Komisaris dan Direksi                         Therefore, the Integrity Pact document is consistently signed
menandatangani dokumen Pakta Integritas secara rutin                            every year by all levels of the Board of Commissioners
setiap tahunnya. Pakta Integritas ini merupakan pernyataan                      and Directors. This Integrity Pact is a statement regarding
mengenai pemberlakuan Pedoman Sistematika Etika                                 the implementation of the Systematic Guidelines for
Usaha dan Tata Perilaku Perusahaan (Code of Conduct)                            Business Ethics and Code of Conduct as a commitment to
sebagai komitmen dalam mengimplementasikan tata kelola                          implementing Governance consistently. In addition, there is
secara konsisten. Selain itu terdapat juga Pakta Integritas                     also the Conflict of Interest Integrity Pact and the Anti-Bribery
Conflict of Interest dan Pakta Integritas Sistem Manajemen                      Management System Integrity Pact (SMAP) to further assist
Anti Penyuapan (SMAP) sebagai dukungan pelaksanaan                              on the governance implementation.
tata kelola.

Sebagai wujud dan kesadaran Perseroan terhadap kebutuhan                        As a form of the Company's awareness of the need
pengembangan etika dan perilaku bersih maka Direksi                             to develop ethics and professional behavior, the
dan Dewan Komisaris Perseroan mengeluarkan Pedoman                              Company's Directors and Board of Commissioners issued
Whistleblowing System (WBS) yang diberlakukan melalui                           Whistleblowing System (WBS) Guidelines which were
penerbitan Surat Keputusan Direksi No. 06/SKD/06/ERL-                           implemented through the issuance of Directors' Decree No.
ATPI/II/2022 tanggal 21 Februari 2022. Pedoman WBS                              06/SKD/06/ERL-ATPI/II/2022 dated 21 February 2022.
merupakan panduan pelaporan yang mengatur tindakan                              The WBS Guidelines regulate actions that can be categorized
yang dapat dikategorikan sebagai pelanggaran, pengelolaan                       as violations, management of reporting mechanisms,
mekanisme pelaporan, tata cara dan syarat-syarat pelaporan,                     reporting procedures and requirements, reporting follow-up
mekanisme tindak lanjut pelaporan, evaluasi atas tindak                         mechanisms, evaluation of follow-up reporting, protection
lanjut pelaporan, perlindungan jaminan pelapor dan terlapor,                    for the whistleblower and the reported party, as well as
serta publikasi maupun sosialisasi perihal WBS.                                 publication and socialization regarding WBS.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023          43
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     1   Kilas Kinerja          2   Laporan Manajemen    3     Profil Perusahaan       4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report          Company Profile             Management Discussion and Analysis




 WBS merupakan mekanisme kontrol Dewan Komisaris dalam            The Board of Commissioners uses the Whistleblowing
 menilai efektivitas komunikasi pada organisasi terutama          System (WBS) as a control mechanism to evaluate the
 dalam komunikasi visi dan kebijakan Perseroan oleh               effectiveness of communications in the organization,
 Direksi kepada para pekerja di Perseroan. Dewan Komisaris        particularly in communicating the Company's vision and
 menerima informasi melalui WBS dari para pekerja terkait         policies by the Board of Directors to workers in the Company.
 hal-hal yang belum tercapai kesepakatan penyelesaiannya          The Board of Commissioners always receives information
 dengan manajemen perusahaan. Dalam hal ini, Dewan                through the WBS when there are issues from employees
 Komisaris melakukan komunikasi dengan para pihak                 that have not been settled with company management. In
 terkait guna menuntaskan permasalahan yang ada secara            this instance, the Board of Commissioners collaborates with
 berimbang. Dewan Komisaris mempertimbangkan dengan               related parties to resolve current issues in a balanced way.
 seksama dalam pemberian nasihat kepada Direksi untuk             The Board of Commissioners will carefully consider providing
 memberikan solusi terbaik atas isu atau permasalahan yang        advice to the Board of Directors to find the best solution to
 menjadi topik dalam WBS.                                         issues or problems that are topics in the WBS.

 Selama tahun 2023, Dewan Komisaris turut terlibat dalam          In 2023, the Board of Commissioners was involved in
 pengawasan dan pelaporan jika terjadi fraud pada tahun           supervising and reporting if fraud occurs, which basically
 berjalan, yang pada dasarnya meliputi prosedur pencegahan,       includes procedures for prevention, detection and
 deteksi dan identifikasi, investigasi dan pelaporan, hingga      identification, investigation and reporting, as well as
 evaluasi dan tindak lanjut.                                      evaluation and follow-ups.


 Penilaian Kinerja Komite di Bawah Dewan Komisaris
 Performance Assessment of Committees Under the Board of Commissioners

 Dukungan terhadap fungsi pengawasan Dewan Komisaris              Support for the supervisory function of the Board of
 dioptimalkan oleh dibentuknya 3 (tiga) komite di bawah           Commissioners is optimized by the formation of 3 (three)
 Dewan Komisaris, yaitu Komite Audit, Komite Pemantau             committees under the Board of Commissioners, namely the
 Risiko, serta Komite Nominasi dan Remunerasi. Keberadaan         Audit Committee, the Risk Monitoring Committee, and the
 komite-komite tersebut telah sesuai dengan ketentuan             Nomination and Remuneration Committee. The existence
 yang berlaku serta bertujuan untuk menyempurnakan                of these committees is in accordance with applicable
 implementasi prinsip-prinsip GCG.                                regulations and aims to improve the implementation of
                                                                  GCG principles.

 Dewan Komisaris melaksanakan komunikasi secara berkala           The Board of Commissioners communicates regularly
 dengan para komite terutama dalam hal yang berkaitan             with the committees, especially in matters relating to the
 dengan pokok-pokok pengawasan kinerja bisnis Perseroan.          supervision of the Company's business performance.
 Komite Dewan Komisaris menetapkan Program Kerja di               The Board of Commissioners committees determine
 awal tahun berjalan untuk dibahas secara bersama dengan          Work Programs at the beginning of the current year to be
 komite lainnya yang kemudian disampaikan kepada Dewan            discussed jointly with other committees which are then
 Komisaris. Pertemuan berkala sesuai dengan kesepakatan           submitted to the Board of Commissioners. To monitor each
 komite dilaksanakan untuk memantau perkembangan                  committee's Work Program's progress, regular meetings are
 Program Kerja masing-masing komite. Berdasarkan                  arranged in compliance with the committee agreement. The
 pencapaian Program Kerja tersebut, Dewan Komisaris dapat         performance of the Board of Commissioners' committees
 melakukan penilaian kinerja komite Dewan Komisaris.              can be evaluated by the Board of Commissioners based on
                                                                  the results of the Work Program.

 Selama tahun 2023, Dewan Komisaris menilai ketiga                For 2023, the Board of Commissioners assessed that
 komite tersebut telah melaksanakan fungsinya dengan              the three committees have carried out their functions
 baik serta memberikan pendapat dan saran kepada Dewan            properly and provided opinions and suggestions to the
 Komisaris dalam menjalankan fungsi pengawasan terhadap           Board of Commissioners in conducting their supervisory
 pengelolaan Perseroan. Dewan Komisaris mengapresiasi             function over the management of the Company. The Board
 kinerja ketiga Komite dalam menjalankan tugas dan fungsi         of Commissioners appreciates the performance of three
 sesuai dengan Piagam Komite.                                     Committees in fulfilling their responsibilities and functions in
                                                                  line with the Committee Charter.




44       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                     Corporate Social Responsibility                  Audited Report




Perubahan Komposisi Dewan Komisaris
Changes in the Composition of the Board of Commissioners

Di tahun 2023, Perseroan mengalami perubahan komposisi                           Changes in the Composition of the Board of Commissioners
Dewan Komisaris berdasarkan Keputusan Rapat Umum                                 in 2023, the Company changed the composition of the Board
Pemegang Saham Tahunan (RUPST) tanggal 28 April 2023.                            of Commissioners based on the Annual GMS Resolution
Kronologi perubahan komposisi Dewan Komisaris sepanjang                          dated 28 April 2023. The chronology of changes in the
tahun 2023 dapat dilihat sebagai berikut:                                        composition of the Board of Commissioners throughout
                                                                                 2023 is summarized as follows:

                                                                   Sejak RUPST 28 April 2023
                                      Sebelum RUPST
           Nama                                                      s.d. 31 Desember 2023                            Keterangan
                                        28 April 2023
           Name                                                   Since AGMS 28 April 2023 until                       Remarks
                                  Prior AGMS 28 April 2023
                                                                        31 December 2023
 Dian Masyita                 Presiden Komisaris & Komisaris      Presiden Komisaris & Komisaris     -
                              Independen.                         Independen.
                              President Commissioner &            President Commissioner &
                              Independent Commissioner.           Independent Commissioner.
 Amelia Kurniawan             Komisaris.                          -                                  Tidak lagi menjabat sebagai Komisaris sejak
                              Commissioner.                                                          ditutupnya RUPST 28 April 2023.
                                                                                                     No longer serves as Commissioner since the
                                                                                                     closing of the AGMS on 28 April 2023.
 Bagus Agung                  Komisaris.                          Komisaris.                         -
 Rahadiansyah                 Commissioner.                       Commissioner.
 Adi Zakaria Afiff            Komisaris Independen.               -                                  Tidak lagi menjabat sebagai Komisaris sejak
                              Independent Commissioner.                                              ditutupnya RUPST 28 April 2023.
                                                                                                     No longer serves as Commissioner since the
                                                                                                     closing of the AGMS on 28 April 2023.
 Samuel Lie                   -                                   Komisaris.                         Diangkat sebagai Komisaris berdasarkan
 (Samuel Ramna)                                                   Commissioner.                      keputusan RUPST 28 April 2023. Beliau telah
                                                                                                     lulus penilaian Kemampuan dan Kepatutan
                                                                                                     Otoritas Jasa Keuangan (OJK) berdasarkan
                                                                                                     Keputusan Dewan Komisioner No. KEP-41/
                                                                                                     KDk.05/2023 tanggal 4 Desember 2023.
                                                                                                     Appointed as Commissioner based on the
                                                                                                     resolution of the AGMS 28 April 2023. He has
                                                                                                     passed the Fit and Proper Test of the Financial
                                                                                                     Services Authority (OJK) based on the Decree
                                                                                                     of the Board of Commissioners No. KEP-41/
                                                                                                     KDk.05/2023 dated 4 December 2023.
 Poerwo Tjahjono              Komisaris Independen.               Komisaris Independen.              -
                              Independent Commissioner.           Independent Commissioner.
 Tajudin Noor                 -                                   Komisaris Independen.              Diangkat sebagai Komisaris Independen
                                                                  Independent Commissioner.          berdasarkan keputusan RUPST 28 April 2023.
                                                                                                     Beliau telah lulus penilaian Kemampuan dan
                                                                                                     Kepatutan Otoritas Jasa Keuangan (OJK)
                                                                                                     berdasarkan Keputusan Dewan Komisioner No.
                                                                                                     KEP-6/D.05/2024 tanggal 18 Januari 2024.
                                                                                                     Appointed as Commissioner based on the
                                                                                                     resolution of the AGMS 28 April 2023. He has
                                                                                                     passed the Fit and Proper Test of the Financial
                                                                                                     Services Authority (OJK) based on the Decree
                                                                                                     of the Board of Commissioners No. KEP-
                                                                                                     6/D.05/2024 dated 18 January 2024.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023          45
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     1   Kilas Kinerja                  2   Laporan Manajemen                 3   Profil Perusahaan             4    Analisis dan Pembahasan Manajemen
         Performance Review                 Management Report                     Company Profile                    Management Discussion and Analysis




 Berdasarkan perubahan komposisi tersebut, anggota                                    Based on the last changes in the composition, Company’s
 Dewan Komisaris Perseroan per 31 Desember 2023 adalah                                Board of Commissioners members as of 31 December 2023
 sebagai berikut:                                                                     is as follows:

                        Nama                                                                             Jabatan
                        Name                                                                             Position
     Dian Masyita                                      Presiden Komisaris & Komisaris Independen
                                                       President Commissioner & Independent Commissioner
     Bagus Agung Rahadiansyah                          Komisaris
                                                       Commissioner
     Samuel Lie (Samuel Ramna)*                        Komisaris
                                                       Commissioner
     Poerwo Tjahjono                                   Komisaris Independen
                                                       Independent Commissioner
     Tajudin Noor*                                     Komisaris Independen
                                                       Independent Commissioner

 *) Efektif sejak tanggal ditetapkannya hasil penilaian kemampuan dan kepatutan Otoritas Jasa Keuangan (OJK).
 *) Effective from the date in which the Financial Services Authority (OJK) fit and proper test results are determined.



 Penutup
 Closing

 Pada kesempatan ini, kami ingin menyampaikan rasa terima                             On this occasion, we would like to express our gratitude to
 kasih kepada pemegang saham dan pemangku kepentingan                                 shareholders and stakeholders for their trust and support.
 atas kepercayaan dan dukungannya. Apresiasi terdalam                                 We also extend our deepest appreciation to the Board of
 juga ditujukan kepada Direksi, karyawan, serta mitra usaha                           Directors, employees, and business partners who always
 yang senantiasa mendukung Perseroan untuk tumbuh dan                                 support the Company to grow and develop. Hopefully, our
 berkembang. Semoga pertumbuhan berkelanjutan yang                                    shared goal of sustainable growth will inspire all of the
 dicita-citakan bersama akan selalu mendorong semangat                                Company's personnel to keep pushing forward and take the
 insan Perseroan untuk terus melaju menjadi yang terdepan                             lead in the insurance business, which will further benefit all
 dalam segmen industri asuransi yang dapat memberikan                                 parties. May God Almighty always bless us all. Amen.
 manfaat lebih bagi semua pihak. Semoga Tuhan yang Maha
 Kuasa senantiasa memberkati kita semua. Aamiin.




                                                                      Jakarta, 5 April 2024

                                                             Atas nama Dewan Komisaris,
                                                        On behalf of the Board of Commissioners




                                                                    Dian Masyita
                                                   Presiden Komisaris & Komisaris Independen
                                                President Commissioner & Independent Commissioner




46       LAPORAN TAHUNAN 2023                                                                                             PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan   7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility        Audited Report




Laporan
Direksi
Report of the Board of
Directors




Tatang Nurhidayat
Presiden Direktur
President Director




Di tahun 2023,
Tugu Insurance memfokuskan
strategi dalam menjalankan
kegiatan usaha dengan terus
melakukan inovasi produk
dan channel distribusi untuk
pengembangan bisnis non-captive
melalui penetrasi ke pasar SME,
retail dan sinergi BUMN.

In 2023, Tugu Insurance has
focused on its strategy in
performing business activities by
continuing to innovate products and
distribution channels for non-captive
business development through
market penetration into the SMEs
market, retail and SOEs synergy.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                 ANNUAL REPORT 2023   47
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     1   Kilas Kinerja          2   Laporan Manajemen      3    Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report           Company Profile            Management Discussion and Analysis




 Para Pemegang Saham dan Pemangku Kepentingan                      Dear Distinguished Shareholders and Stakeholders,
 yang Terhormat,

 Dengan berfokus menjaga pertumbuhan bisnis, pada tahun            In 2023, PT Asuransi Tugu Pratama Indonesia Tbk
 2023 PT Asuransi Tugu Pratama Indonesia Tbk berhasil              succeeded in establishing its position as an insurance
 menguatkan posisinya sebagai salah satu perusahaan                company with expertise in the corporate segment and is
 asuransi yang memiliki keahlian di segmen korporasi               experienced in providing insurance services to various
 dan berpengalaman dalam memberikan layanan asuransi               large-scale oil and gas and energy projects in Indonesia by
 kepada berbagai proyek migas dan energi berskala besar di         focusing on sustaining its business growth. The strategies
 Indonesia. Strategi-strategi yang dijalankan juga membuat         implemented also enable the Company to achieve a number
 Perseroan mampu meraih sejumlah target bisnisnya.                 of its business targets. This achievement illustrates Tugu
 Pencapaian ini menggambarkan ketepatan Tugu Insurance             Insurance's ability to accurately anticipating industrial
 dalam mengantisipasi perkembangan industri dan situasi            developments and economic situations, both at the global
 perekonomian, baik di tingkat global maupun nasional.             and national levels. In addition, our synergistic role with
 Selain itu, peran sinergi kami dengan Pertamina Group             Pertamina Group provides a strong foundation to build
 menjadi salah satu fondasi kuat dalam membangun kinerja           positive and sustainable business performance.
 usaha yang positif dan berkelanjutan.


 Tinjauan Makro Ekonomi dan Industri 2023
 Macroeconomic and Industrial Review 2023

 Merujuk data dari Tinjauan Kebijakan Moneter per Desember         Referring to the Monetary Policy Review as of December
 2023 yang dirilis Bank Indonesia, menyatakan bahwa                2023 released by Bank Indonesia, it stated that the world
 perekonomian dunia melambat dengan ketidakpastian pasar           economic growth was experiencing a slowdown with easing
 keuangan yang mulai mereda. Bank Indonesia                        financial market uncertainty. Bank Indonesia predicted the
 memprakirakan pertumbuhan ekonomi global tahun 2023               global economy to grow by 3.0% in 2023 and would slow
 sebesar 3,0% dan melambat menjadi 2,8% pada 2024.                 down to 2.8% in 2024. The economic growth in the United
 Pertumbuhan ekonomi Amerika Serikat (AS) dan India tahun          States (US) and India is better than initially forecasted, which
 2023 lebih baik dari prakiraan awal ditopang oleh konsumsi        is supported by household consumption and government
 rumah tangga dan ekspansi pemerintah. Sementara itu,              expansion. Meanwhile, China's economy decelerated
 ekonomi Tiongkok melemah seiring dengan konsumsi rumah            accompanied by limited growth of household consumption
 tangga dan investasi yang tumbuh terbatas. Inflasi di negara      and investment. Inflation in developed countries, including in
 maju, termasuk di AS, dalam kecenderungan menurun tetapi          the US, is declining but remains above the target level.
 tingkatnya masih di atas sasaran.

 Di sisi lain, perekonomian Indonesia tetap tumbuh                 On the other hand, Indonesia's economy continued to
 baik didukung oleh permintaan domestik. Konsumsi                  grow steadily supported by domestic demand. Household
 rumah tangga dan investasi tetap tumbuh sejalan dengan            consumption and investment continued to increase in line
 keyakinan masyarakat dan berlanjutnya penyelesaian                with public confidence and the continued completion of
 Proyek Strategis Nasional (PSN). Perkembangan ini                 National Strategic Projects (PSN). This development was
 dikonfirmasi oleh sejumlah indikator utama hingga bulan           confirmed by a number of key indicators until December
 Desember 2023, seperti keyakinan konsumen, penjualan              2023, such as consumer confidence, retail sales, and
 eceran, dan Purchasing Managers' Index (PMI) Manufaktur.          Manufacturing Purchasing Managers' Index (PMI). In
 Sementara itu, kinerja ekspor cenderung lebih baik, seiring       contrast, export performance seems to be improving, in line
 dengan peningkatan permintaan beberapa mitra dagang               with increased demand from several top trading partners,
 utama, seperti AS dan India.                                      such as the US and India.




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Di tengah iklim usaha dengan berbagai tantangan di tahun                        Despite a challenging business environment in 2023, Tugu
2023, Tugu Insurance dapat melewati situasi ini dengan                          Insurance managed to achieve a very excellent financial
mencatatkan pertumbuhan kinerja keuangan yang sangat                            performance growth. Its insurance business, investment
memuaskan baik yang ditopang dari bisnis asuransi,                              income, and other operating revenues are the primary
pendapatan investasi maupun pendapatan usaha lainnya.                           factors of its growth. However, we continue to monitor
Namun demikian, kami tetap memantau kondisi ekonomi                             global economic conditions, geopolitics, and the domestic
global, geopolitik, dan iklim politik di dalam negeri menjelang                 political climate leading up to the 2024 elections and
pemilu di tahun 2024 serta dampaknya ke dalam negeri                            their impact on the country in making business plans
dalam membuat perencanaan bisnis dengan manajemen                               with prudent risk management. By prioritizing these two
risiko yang prudent dan tata kelola perusahaan yang baik.                       components, strengthening collaboration and business
Dengan mengedepankan kedua hal tersebut ditambah                                synergy within the Pertamina Group, as well as continuing
dengan penguatan kolaborasi maupun sinergi bisnis di                            to actively improve market penetration into the State-Owned
lingkungan Pertamina Group serta terus secara aktif untuk                       Enterprises (SOEs), Small Medium Enterprises (SMEs),
meningkatkan penetrasi ke pasar Badan Usaha Milik Negara                        and retail markets, we are committed to achieving positive,
(BUMN), Small Medium Enterprise (SME), dan retail, kami                         stable and sustainable business growth and development in
fokus untuk meraih pertumbuhan dan pengembangan                                 line with the expectations of shareholders and benefits for
bisnis yang positif, stabil dan berkelanjutan sesuai                            all stakeholders.
dengan harapan shareholders maupun kemanfaatan untuk
segenap stakeholders.


Kendala yang Dihadapi dan Upaya Penanganannya
Problems Faced and Its Solutions

Iklim perekonomian makro maupun mikro di sepanjang tahun                        The macro and micro economic climate throughout
2023 bergerak secara dinamis, hal tersebut menimbulkan                          2023 were dynamic, this brings particular challenges
tantangan tersendiri selaras dengan dampak kinerja                              considering the impact of corporate performance on each
korporasi pada masing-masing segmen usaha, tak terkecuali                       business segment, including the insurance business
segmen usaha perasuransian di Indonesia. Namun demikian,                        segment in Indonesia. However, in 2023 there were no
di tahun 2023 tidak terdapat kendala dan tantangan yang                         material problems and challenges that had a significant
bersifat material yang berdampak secara signifikan baik                         impact on both financial and operational performance of
secara kinerja keuangan maupun kinerja operasional                              Tugu Insurance.
Tugu Insurance.

Di sisi lain, dengan adanya peraturan terkait dengan                            On the other hand, following the regulations of the
kewajiban penerapan PSAK 117 yang wajib dilaksanakan                            requirement to implement PSAK 117 which must be
pada tahun 2025, maka Tugu Insurance di tahun 2023                              implemented in 2025, thus, in 2023 Tugu Insurance
semakin fokus memperkuat infrastruktur termasuk IT dan                          has become even more focused on strengthening its
memperbaiki proses bisnis dan mempersiapkan sistem yang                         infrastructure, including IT and improving business processes
dapat mendukung proses dan penyajian laporan keuangan                           and preparing systems to facilitate the process and
sesuai dengan standar PSAK 117 sehingga nantinya                                presentation of financial reports in accordance with PSAK
pada saat proses migrasi dapat berjalan mulus di tahun                          117 standards. Therefore, the migration process shall run
2025. Di tahun 2023, Tugu Insurance juga fokus dalam                            smoothly in 2025. In 2023, Tugu Insurance also focused on
mempersiapkan pemisahaan Unit Usaha Syariah sesuai                              preparing for the spin off of the Sharia Business Unit which
Peraturan Otoritas Jasa Keuangan (OJK) No. 11 Tahun 2023.                       is in accordance with Financial Services Authority (OJK)
OJK telah menetapkan batas waktu pemisahan atau spin off                        Regulation No. 11 of 2023. OJK has set a deadline for the
unit usaha syariah (UUS) adalah 31 Desember 2026.                               separation or spin off of sharia business unit (UUS) on 31
                                                                                December 2026.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023      49
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     1   Kilas Kinerja          2   Laporan Manajemen      3     Profil Perusahaan     4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report            Company Profile           Management Discussion and Analysis




 Aktivitas utama Perseroan di tahun 2023 adalah                     The main activities in 2023 for the Company was to carry out
 menjalankan kegiatan operasional untuk menghasilkan                operational activities to generate premiums and underwriting
 premi dan hasil underwriting serta meningkatkan pelayanan          income and improve services to customers in accordance
 kepada pelanggan sesuai dengan RKAP 2023 yang telah                with the established 2023 RKAP. In 2023 the Company also
 ditetapkan. Untuk memenuhi kebutuhan pelanggan, di tahun           released several new insurance products, both from the
 2023 Perseroan juga telah merilis beberapa produk asuransi         corporate segment and the retail segment (conventional and
 baru, baik dari segmen korporasi dan segmen retail (produk         sharia insurance products) to fullfill customers’ needs.
 asuransi konvensional dan syariah).


 Peran Direksi dalam Penerapan Kebijakan Strategis
 The Role of the Board of Directors in Implementing Strategic Policy

 Direksi beserta jajaran senantiasa berkomitmen untuk               The Board of Directors and staff are always committed to
 fokus terhadap kebijakan strategis yang telah tertuang             focusing on the strategic policies stated in the Company's
 dalam rencana bisnis dan target Perseroan. Perumusan               business plan and targets. The formulation of the Company's
 strategi Perseroan diawali dengan adanya planning cycle            strategy begins with a planning cycle that involves all
 yang melibatkan seluruh fungsi struktural di bawah Direksi.        structural functions under the Board of Directors. At the
 Di awal tahun dilakukan sosialisasi strategi dan target            beginning of the year, the Company's strategy and targets
 Perseroan melalui town hall meeting kepada seluruh                 were disseminated through a town hall meeting to all
 insan Tugu. Dalam pelaksanaannya, dilakukan monitoring             Tugu personnels. In its implementation, regular monitoring
 berkala pencapaian kinerja Perseroan melalui pembuatan             of the Company's performance achievements is carried
 laporan keuangan, laporan manajemen, presentasi kinerja,           out by producing financial reports, management reports,
 serta menyajikan financial highlight Perseroan pada digital        performance presentations, as well as presenting the
 signage pada TV digital yang dapat diakses oleh seluruh            Company's financial highlights on digital signage on digital
 insan Perseroan.                                                   TV accessible to all Company personnel.

 Untuk memastikan kebijakan strategi berjalan baik, Direksi         To ensure that strategic policies operate properly, the
 melakukan mid year review untuk mengevaluasi pencapaian            Board of Directors conducted a mid-year review to evaluate
 kinerja dan strategi perusahaan di tengah tahun, dan               the Company's mid-year performance and strategy
 mengambil langkah strategis dan mitigasi risiko yang               achievements, and took strategic steps and risk mitigation
 diperlukan untuk mengupayakan pencapaian target hingga             as needed to achieve targets by the end of the year. The
 akhir tahun. Direksi juga melakukan Performance Dialogue           Board of Directors also conducted quarterly Performance
 triwulanan untuk memastikan keselarasan strategi di anak           Dialogues to ensure strategic alignment in subsidiaries and
 perusahaan dan memonitor kinerja anak perusahaan.                  monitor subsidiary performance.

 Di tahun 2023, Tugu Insurance memfokuskan strategi dalam           In 2023, Tugu Insurance has focused on its strategy in
 menjalankan kegiatan usaha dengan terus melakukan                  performing business activities by continuing to innovate
 inovasi produk dan channel distribusi untuk pengembangan           products and distribution channels for non-captive business
 bisnis non-captive melalui penetrasi ke pasar SME, retail dan      development through market penetration into the SMEs
 sinergi BUMN.                                                      market, retail and SOEs synergy.

 Untuk memastikan kesiapan perusahaan dalam                         To ensure that the Company is well-prepared to implement
 implementasi penerapan PSAK 117 yang akan berlaku                  PSAK 117 which will become effective in 2025, Tugu
 efektif di tahun 2025, Tugu Insurance telah melakukan gap          Insurance has conducted a gap analysis and has been
 analysis dan telah melaksanakan proyek sistem Enterprise           implemented an Enterprise Resource Planning (ERP) system
 Resource Planning (ERP) sejak tahun 2021. Upaya ini                project since 2021. This effort is expected to minimize the
 diharapkan akan memperkecil dampak dari penerapan                  impact of implementing PSAK 117 on the Company. Tugu
 PSAK 117 nantinya terhadap Perseroan. Tugu Insurance               Insurance also continues its digital transformation program
 juga terus melanjutkan program transformasi digital untuk          to simplify the Company's business processes.
 penyederhanaan proses bisnis Perseroan.




50       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Salah satu strategi yang dilakukan dalam upaya peningkatan                      One of the strategies implemented in an effort to improve
kinerja keuangan Perseroan adalah melalui peningkatan                           the Company's financial performance is by increasing the
kinerja portofolio investasi berupa aset keuangan dan                           performance of the investment portfolio in the form of
penyertaan langsung di anak usaha.                                              financial assets and direct investment in subsidiaries.




Kinerja Tahun 2023 dan Perbandingannya terhadap Target
Performance in 2023 and Comparison to Target

Sepanjang tahun 2023 iklim usaha nasional memang                                Throughout 2023, the national business climate faced
dipenuhi dengan berbagai tantangan, namun hal itu tak                           various challenges, but this did not diminish the Company's
menyurutkan kinerja usaha Perseroan yang senantiasa                             business performance, which continues to move positively.
bergerak positif. Segenap manajemen berhasil menerapkan                         The entire management successfully implemented the right
strategi dan inisiatif yang tepat sehingga Perseroan berhasil                   strategies and initiatives so that the Company succeeded
membukukan pencapaian secara optimal dan berkelanjutan.                         in recording optimal and sustainable achievements. In
Dalam penetapan RKAP, Tugu Insurance senantiasa                                 determining the RKAP, Tugu Insurance always strengthens
memperkuat fondasi bisnis melalui kebijakan strategis yang                      the business foundation through strategic policies that are
tepat sasaran.                                                                  target appropriate.

Di tahun 2023, Tugu Insurance mencatatkan pertumbuhan                           In 2023, Tugu Insurance recorded growth in underwriting
hasil underwriting sebesar 4,19%, yaitu dari Rp670,4 miliar                     income of 4.19%, from IDR670.4 billion in 2022, to
di tahun 2022, menjadi Rp698,5 miliar di tahun 2023.                            IDR698.5 billion in 2023. This amount is 88.2% of the
Jumlah tersebut adalah 88,2% dari target RKAP Perseroan                         Company's RKAP target, which is IDR791.9 billion. The
yaitu sebesar Rp791,9 miliar. Kontribusi terbesar dari                          largest contribution to this achievement came from the fire,
capaian tersebut berasal dari segmen bisnis kebakaran,                          marine cargo, and offshore business segments.
pengangkutan, dan offshore.

Dari aktivitas pengelolaan investasi, Tugu Insurance juga                       From investment management activities, Tugu Insurance also
mencatatkan peningkatan pendapatan investasi yang sangat                        recorded a very satisfactory increase in investment income,
memuaskan yaitu meningkat sebesar 64,5% dari Rp352,4                            namely increased by 64.5% from IDR352.4 billion in 2022,
miliar di tahun 2022, menjadi Rp579,8 miliar di tahun 2023.                     to IDR579.8 billion in 2023. This amount is 168.8% of
Jumlah tersebut adalah 168,8% dari target RKAP Perseroan                        the Company's RKAP target, which amounting to IDR343.4
yaitu sebesar Rp343,4 miliar. Kenaikan jumlah pendapatan                        billion. The increase in total investment income was due to
investasi disebabkan oleh peningkatan hasil investasi dari                      an increase in investment returns from deposits by 158.1%
deposito sebesar 158,1% seiring dengan peningkatan                              in line with the higher nominal placement of funds and also
nominal penempatan dana dan juga trend kenaikan suku                            the upward trend in bank interest rates, bond investment
bunga bank, hasil investasi obligasi yang tumbuh sebesar                        returns which increased by 76.1% and also shares income
76,1% dan juga pendapatan saham yang bertumbuh                                  which was boosted to 77.1%.
sebesar 77,1%.

Pendapatan usaha lainnya juga bertumbuh dari Rp398,7                            Other operating income also increased from IDR398.7
miliar di tahun 2022 menjadi Rp402,1 miliar di tahun                            billion in 2022 to IDR402.1 billion in 2023. Additionally,
2023. Selain itu, Perseroan juga mencatatakan peningkatan                       the Company also recorded a significant increase in other
pendapatan lain-lain yang cukup signifikan yaitu sebesar                        income of 871.9% from IDR108.5 billion to IDR1.1 trillion
871,9% dari 108,5 miliar menjadi Rp1,1 triliun yang                             which was mainly due to the Company recorded litigation
terutama disebabkan Perseroan mencatatkan pendapatan                            income from winning the litigation case against Citibank N. A
litigasi sehubungan dengan Perseroan memenangkan kasus                          in the Hong Kong Administrative Court.
litigasi dengan Citibank N. A di Pengadilan Administrasi
Hong Kong.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023       51
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     1   Kilas Kinerja          2   Laporan Manajemen      3    Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report           Company Profile            Management Discussion and Analysis




 Pencapaian-pencapaian tersebut berkontribusi pada                 These achievements contributed to the increase in income
 peningkatan laba tahun berjalan sebesar 229,6% dari               for the year by 229.6% from IDR395.1 billion in 2022 to
 Rp395,1 miliar di tahun 2022 menjadi Rp1,3 triliun di             IDR1.3 trillion in 2023.
 tahun 2023.

 Perbandingan antara target dan pencapaian tersebut                The comparison between targets and achievements is one
 menjadi salah satu gambaran yang dipertimbangkan                  of the illustrations to be considered in preparing targets and
 dalam penyusunan target dan strategi bisnis ke depan.             future business strategies. Supported by its capacity and
 Didukung oleh kapasitas serta prospek yang dimiliki,              prospects, the Company is optimistic that it will be able to
 Perseroan optimis untuk dapat meraih kinerja unggul secara        achieve sustainable superior performance in the future.
 berkelanjutan di masa mendatang.                                  Analysis of Business Prospects


 Analisa Tentang Prospek Usaha
 Analysis of Business Prospects

 Merujuk pada data Laporan Kelembagaan Bank Indonesia              Referring to the data from Bank Indonesia Institutional
 Triwulan IV 2023, merilis bahwa pada 2024 pertumbuhan             Report for the fourth quarter of 2023, it was released that
 ekonomi diprakirakan meningkat dalam kisaran 4,7-5,5%             in 2024 economic growth is predicted to increase in the
 didukung oleh menguatnya permintaan domestik seiring              range of 4.7-5.5% driven by strengthening domestic demand
 dengan pertumbuhan konsumsi dan dampak positif                    as well as consumption growth and the positive impact of
 penyelenggaraan pemilu. Peningkatan investasi, khususnya          the elections. Increased investment, especially in buildings,
 bangunan, sejalan dengan berlanjutnya pembangunan Proyek          is in line with the continued development of the National
 Strategis Nasional (PSN) termasuk Ibu Kota Nusantara (IKN)        Strategic Project (PSN) including Nusantara Capital City
 juga turut mendukung peningkatan pertumbuhan ekonomi.             (IKN) which also supports increased economic growth. At
 Sementara itu, kinerja ekspor diprakirakan belum kuat             the same time, export performance is expected to remained
 sebagai dampak perlambatan ekonomi global dan penurunan           weak due to the global economic recession and the decline
 harga komoditas.                                                  in commodity prices.

 Berdasarkan Lapangan Usaha (LU), prospek Industri                 By Business Field (LU), prospects for Manufacturing Industry,
 Pengolahan, Perdagangan Besar dan Eceran, Informasi dan           Wholesale and Retail Trade, Information and Communication,
 Komunikasi, Konstruksi, serta Transportasi dan Pergudangan        Construction, as well as Transportation and Warehousing
 diprakirakan tetap tumbuh baik. Sementara secara spasial,         are predicted to continously grow steadily. While all regions
 pertumbuhan yang baik diprakirakan terjadi di seluruh             are expected to see strong spatial growth, especially in
 wilayah, terutama Sulawesi-Maluku-Papua (Sulampua)                Sulawesi-Maluku-Papua (Sulampua) in line with the positive
 sejalan dengan dampak positif hilirisasi mineral, serta Jawa      impact of mineral downstreaming, as well as Java due to
 akibat permintaan domestik yang masih kuat. Ke depan,             strong domestic demand. Going forward, Bank Indonesia
 Bank Indonesia akan terus memperkuat sinergi stimulus             will continue to improve the synergy between the fiscal
 fiskal Pemerintah dengan stimulus makroprudensial Bank.           stimulus of the government and macroprudential stimulus of
                                                                   the Bank.

 Dengan kondisi ekonomi makro sebagaimana di atas,                 With macroeconomic conditions as mentioned above, the
 Perseroan senantiasa melakukan identifikasi peluang di            Company continues to identify opportunities in market
 segmen market dengan melakukan update market secara               segments by conducting regular market updates, market
 berkala, market research serta market review baik dari sisi       research and market reviews both in terms of product
 pengembangan produk, segmen nasabah dan jalur distribusi          development, customer segments and product marketing
 pemasaran produk. Perseroan juga memadukan antara                 distribution channels. The Company also combines the
 peluang yang ada dengan risk appetite yang dimiliki sehingga      opportunities available with its risk appetite so that it
 tetap mengedepankan prinsip kehati-hatian.                        continues to prioritize the principle of prudence.

 Adapun perkembangan dari setiap segmen market terus               The development of each market segment continues to show
 menunjukan tren positif dengan mengoptimalkan jalur               a positive trend by optimizing the Company's distribution
 distribusi yang dimiliki Perseroan, dimana hal ini juga           channels, which is also reflected in the Company's
 tercermin di dalam laporan keuangan Perseroan.                    financial reports.




52       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Di tahun 2024, Tugu Insurance akan melanjutkan fokus                            In 2024, Tugu Insurance will continue its 2023 strategy
strategi tahun 2023 yaitu melakukan pengembangan bisnis                         focus, namely developing non-captive business from the
non-captive dari sisi korporasi yaitu bisnis BUMN dan broker                    corporate side, namely the SOEs and brokerage businesses
serta meningkatkan bisnis di pasar retail. Dari kedua target                    as well as increasing business in the retail market.
ini Tugu Insurance tetap akan mengedepankan digitalisasi.                       From these two targets, Tugu Insurance will continue to
                                                                                prioritize digitalization.

Selain itu, di tahun 2024 Tugu Insurance juga fokus                             Furthermore, in 2024 Tugu Insurance will also focus on
melakukan peningkatan kinerja portofolio investasi, dan                         improving the performance of its investment portfolio and
kinerja anak perusahaan dan afiliasi. Sebagaimana diketahui                     the performance of its subsidiaries and affiliates. It is well-
bahwa Tugu Insurance memiliki beberapa anak perusahaan                          known that Tugu Insurance has several subsidiaries and
dan optimalisasi atas kinerja anak perusahaan ini akan                          optimizing the performance of these subsidiaries will greatly
sangat berpengaruh terhadap kinerja konsolidasian di                            influence consolidated performance in the coming year.
tahun mendatang.


Perkembangan Penerapan Tata Kelola Perusahaan
Developments in the Implementation of Corporate Governance

Tugu Insurance senantiasa terus menjunjung tinggi                               Tugu Insurance continues to uphold the implementation of
penerapan tata kelola perusahaan yang baik sesuai dengan                        good corporate governance in accordance with the principles
prinsip Good Corporate Governance (GCG) serta mengacu                           of Good Corporate Governance (GCG) and refers to the
pada delapan prinsip pengelolaan perusahaan, sesuai                             eight principles of Company management, that correspond
dengan Penerapan Pedoman Tata Kelola Perusahaan Terbuka                         with the Implementation of the Public Company Governance
dari Otoritas Jasa Keuangan (OJK). Tugu Insurance meyakini                      Guidelines from the Financial Services Authority (OJK). Tugu
bahwa tata kelola yang baik merupakan aspek utama yang                          Insurance believes that good governance is the main aspect
akan turut memastikan keberlangsungan perusahaan dalam                          that will help ensure the Company's long-term sustainability.
jangka panjang.

Penerapan GCG di Tugu Insurance bertujuan untuk                                 The implementation of GCG at Tugu Insurance aims to
mendukung terwujudnya visi dan misi Perseroan, yang pada                        support the realization of the Company's vision and mission,
akhirnya akan mewujudkan kinerja yang unggul, memberikan                        which will ultimately accomplish superior performance,
nilai tambah dan manfaat bagi para pemegang saham                               providing added value and benefits for shareholders and
dan para pemangku kepentingan lainnya. Oleh karena itu,                         other stakeholders. Therefore, the implementation of GCG
penerapan GCG di lingkungan Perseroan bukan sekadar                             within the Company is not just a form of compliance with
bentuk kepatuhan terhadap peraturan perundang-undangan                          statutory regulations but also as a basis for operational
namun juga sebagai landasan kegiatan operasional dengan                         activities, by referring to the principles that have been
mengacu pada prinsip-prinsip yang telah ditetapkan di                           established internally at the Company.
internal Perseroan.

Dalam menjaga konsistensi, Tugu Insurance juga senantiasa                       In maintaining consistency, Tugu Insurance also always
melakukan pengukuran kualitas implementasi GCG yang                             measures the quality of GCG implementation which is
dilaksanakan secara mandiri (self-assessment) sesuai                            carried out independently (self-assessment) in accordance
Peraturan Otoritas Jasa Keuangan No. 73/POJK.05/2016                            with Financial Services Authority Regulation No. 73/
tentang Tata Kelola Perusahaan yang Baik bagi Perusahaan                        POJK.05/2016 concerning Good Corporate Governance for
Perasuransian serta setiap 2 (dua) tahun sekali melakukan                       Insurance Companies and once every 2 (two) years conduct
assessment implementasi GCG oleh eksternal assessor.                            an assessment of GCG implementation by an external
Tugu Insurance juga senantiasa melakukan revitalisasi                           assessor. Tugu Insurance also continues to revitalize
atas pedoman-pedoman GCG dengan menyesuaikan                                    GCG guidelines by adapting to the latest regulations and
peraturan-peraturan regulator terbaru serta secara konsisten                    consistently implementing an Anti-Bribery Management
menerapkan Sistem Manajemen Anti Penyuapan (SMAP)                               System (SMAP) in accordance with ISO 37001:2016.
sesuai dengan ISO 37001:2016.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023        53
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     1   Kilas Kinerja          2   Laporan Manajemen       3    Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
         Performance Review         Management Report            Company Profile            Management Discussion and Analysis




 Perseroan telah melakukan evaluasi terhadap efektivitas            The Company has evaluated the effectiveness of the
 Sistem Pengendalian Internal dengan mempertimbangkan               Internal Control System by considering the results of the
 hasil evaluasi dan penilaian dari Internal Audit. Berdasarkan      evaluation and assessment from the Internal Audit. Based
 evaluasi yang dilakukan sepanjang tahun 2023, Direksi              on the evaluation, the Board of Directors concludes that
 menilai bahwa Perseroan telah memiliki kecukupan Sistem            the Company has implemented a sufficient Internal Control
 Pengendalian Internal yang diterapkan di perusahaan.               System during 2023.


 Membangun SDM Unggul
 Developing Excellent Human Resources

 Sebagai salah satu amanat misi ke dua Perseroan untuk              As one of the mandates of the Company's second mission
 menjadikan SDM sebagai insan profesional, Perseroan                to make human resources into professionals, the Company
 mengedepankan penerapan tata nilai budaya AKHLAK                   emphasizes the implementation of AKHLAK cultural values
 sebagai ujung tombak dalam mewujudkan karyawan                     as the main point in transforming the Company's employees
 Perseroan sebagai insan yang profesional. Perseroan                into professional individuals. The Company believes that
 meyakini bahwa penerapan tata nilai budaya AKHLAK                  the implementation of AKHLAK cultural values requires the
 membutuhkan keterlibatan banyak pihak sehingga dalam               involvement of many parties, thus, in its implementation the
 penerapannya Perseroan menggunakan berbagai pendekatan             Company uses various approaches, including but not limited
 termasuk namun tidak terbatas pada memberdayakan peran             to, empowering the role of leadership for its team, as well
 pimpinan kepada timnya, maupun memberdayakan peran tim             as empowering the role of the team for its leaders. This is
 kepada pimpinannya. Hal ini dilakukan melalui penguatan            accomplished by improving the interaction skills of leaders
 kemampuan interaksi pimpinan dan timnya melalui                    and their teams through updated leadership and followership
 penyegaran pelatihan leadership dan followership bagi              training for all Tugu Personnels. Through this training, it
 seluruh Insan Tugu. Melalui pelatihan tersebut, diharapkan         is hoped that they would gain understanding about the
 dapat memberikan pemahaman mengenai standar yang                   standards required to perform their individual responsibilities
 diperlukan dalam menjalani perannya masing-masing dalam            within the framework of AKHLAK cultural values.
 koridor tata nilai budaya AKHLAK.

 Dalam rangka membangun SDM sebagai insan profesional,              To develop human resources as professional individuals, the
 Perseroan juga memperhatikan talent life cycle yang                Company also takes into account the talent life cycle which
 dimulai dari momen attract, engage, retain, develop,               starts from the moments of attract, engage, retain, develop,
 grow, dan sunset. Perseroan mengupayakan agar setiap               grow and sunset. The Company strives to ensure that every
 momen dalam talent life cycle dapat secara khusus                  moment in the talent life cycle can be specifically managed
 dikelola untuk dapat memberikan pengalaman baik bagi               to provide a good experience for Tugu personnels (building
 insan Tugu (membangun EX/Employee Experience). Untuk               EX/Employee Experience). To optimize its implementation,
 mengoptimalkan pelaksanaannya, Perseroan mendorong                 the Company uses one on one communication or coaching
 peran pimpinan melalui pemanfaatan sarana komunikasi one           mechanisms to encourage leadership roles. This aims to
 on one atau mekanisme coaching. Hal ini bertujuan untuk            drive two-way open communication between leaders and
 mendorong terciptanya keterbukaan komunikasi dua arah              their teams thus, accelerate the implementation of AKHLAK
 antara pimpinan dan timnya sehingga turut mempercepat              cultural values. It is also useful in developing the ability of
 penerapan tata nilai budaya AKHLAK dapat. Hal ini juga             leaders as the frontline of the Company's HR management.
 bermanfaat dalam membangun kemampuan pimpinan
 sebagai garda terdepan pengelolaan SDM Perseroan.

 Dengan memperhatikan talent life cycle, Perseroan                  By recognizing the talent life cycle, the Company identifies
 mengidentifikasi talenta unggul dan mereka diberikan               excellent talents and assigns greater responsibility through
 tanggung jawab lebih besar melalui kegiatan pengembangan           business process development activities and system
 proses bisnis, maupun inisatif pengembangan sistem.                development initiatives. The selected talents are involved in
 Talenta yang terpilih dilibatkan dalam program Agent of            the Agent of Change program, so that they receive special
 Change, sehingga mendapatkan tempaan khusus agar                   training to better comprehend AKHLAK cultural values,
 talenta ini dapat memahami tata nilai budaya AKHLAK                become accelerated and involved in changing the Company,
 dengan lebih baik, terakselerasi dan memiliki keterlibatan         and become a good example for other Tugu Personnels.
 dalam perubahan Perseroan, serta menjadi contoh baik bagi
 Insan Tugu lainnya.



54       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Komitmen Terhadap Tanggung Jawab Sosial dan Lingkungan
Commitment to Corporate Social Responsibility

Tanggung Jawab Sosial dan Lingkungan (TJSL) menjadi                             Corporate Social Responsibility (CSR) is Tugu Insurance's
komitmen Tugu Insurance agar Perseroan mempunyai                                commitment that allows the Company to contribute in
kontribusi di bidang sosial dan lingkungan. Adapun                              the social and environmental fields. CSR activities in
kegiatan TJSL Tugu Insurance di integrasikan dengan upaya                       Tugu Insurance are integrated with efforts to create
menciptakan berbagai program dan inisiatif yang mendukung                       various programs and initiatives that support Sustainable
tujuan Sustainable Development Goals (SDGs) dengan                              Development Goals (SDGs) by prioritizing Environmental,
mengedepankan prinsip Evironmental, Social & Governance                         Social & Governance (ESG) principles.
(ESG).

Sepanjang tahun 2023, Tugu Insurance telah melakukan                            Throughout 2023, Tugu Insurance has done various activities
berbagai aktivitas untuk menjalankan dimensi pembangunan                        to carry out sustainable development dimensions as stated
berkelanjutan seperti yang telah tertuang di laporan                            in the 2023 Sustainable Finance Action Plan (RAKB) report.
Rencana Aksi Keuangan Berkelanjutan (RAKB) 2023. Di                             In the economic sector, Tugu Insurance has implemented
bidang ekonomi, Tugu Insurance menjalankan ekonomi                              a sustainable economy to ensure the sustainability of the
berkelanjutan untuk menjamin keberlanjutan kinerja                              organization's performance in the future. In the social and
organisasi di masa mendatang. Di bidang sosial dan                              environmental fields, Tugu Insurance carried out Corporate
lingkungan, Tugu Insurance menjalankan kegiatan Corporate                       Social Responsibility (CSR) activities namely Bakti TUGU
Social Responsibility (CSR) dengan nama program Bakti                           (United Action for Tugu Insurance). Bakti TUGU has four
TUGU (Bersatu Aksi Kepedulian Tugu Insurance). Bakti                            main pillars, namely the Education & Financial Literacy
TUGU memiliki empat pilar utama, yakni pilar Pendidikan &                       pillar, the Environment pillar, the Health & Safety pillar, and
Literasi Keuangan, pilar Lingkungan Hidup, pilar Kesehatan                      the Community Empowerment pillar, and also supported by
& Keselamatan dan pilar Pemberdayaan Masyarakat, serta                          the specific social charity program as Company support for
didukung juga dengan program bantuan sosial khusus                              Religious Social Service and Arts and Culture activities.
sebagai dukungan perusahaan terhadap kegiatan Bakti
Sosial Keagamaan dan Seni Budaya.


Perubahan Komposisi Direksi
Changes in Board of Directors Composition

Komposisi Direksi ditetapkan agar dapat memudahkan                              The composition of the Board of Directors is determined to
kemungkinan pengambilan keputusan secara efektif, tepat                         allow effective, precise and quick decision-making, as well as
dan cepat, serta dapat bertindak independen. Selama tahun                       being able to act independently. In 2023, the composition of
2023, komposisi Direksi Perseroan mengalami perubahan                           the Company's Board of Directors underwent changes with
dengan kronologi sebagai berikut:                                               the following chronology:

                                     Sebelum RUPST                         Sejak RUPST
          Nama                                                                                                       Keterangan
                                      28 April 2023                        28 April 2023
          Name                                                                                                        Description
                              Prior the AGMS 28 April 2023           Since AGMS 28 April 2023
 Tatang Nurhidayat           Presiden Direktur.                  Presiden Direktur.                                        -
                             President Director.                 President Director.
 Emil Hakim                  Direktur Keuangan & Layanan         Direktur Keuangan & Layanan                               -
                             Korporat.                           Korporat.
                             Director of Corporate Finance &     Director of Corporate Finance &
                             Services.                           Services.
 Ery Widiatmoko              Direktur Pemasaran Asuransi.        Direktur Pemasaran Asuransi.                              -
                             Director of Insurance Marketing.    Director of Insurance Marketing.
 Budi P. Amir                Direktur Kepatuhan &                -                                   Tidak lagi menjabat sebagai Direktur Kepatuhan
                             Manajemen Risiko.                                                       & Manajemen Risiko sejak 28 April 2023.
                             Director of Compliance &                                                No longer served as Director of Compliance &
                             Risk Management.                                                        Risk Management since 28 April 2023.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023          55
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     1   Kilas Kinerja                  2   Laporan Manajemen                 3   Profil Perusahaan             4    Analisis dan Pembahasan Manajemen
         Performance Review                 Management Report                     Company Profile                    Management Discussion and Analysis




                                        Sebelum RUPST                            Sejak RUPST
                Nama                                                                                                                 Keterangan
                                         28 April 2023                           28 April 2023
                Name                                                                                                                  Description
                                 Prior the AGMS 28 April 2023              Since AGMS 28 April 2023
     Edi Yoga Prasetyo                             -                    Direktur Kepatuhan &                     Diangkat sebagai Direktur Kepatuhan &
                                                                        Manajemen Risiko.                        Manajemen Risiko berdasarkan Keputusan
                                                                        Director of Compliance &                 RUPST tanggal 28 April 2023. Beliau telah
                                                                        Risk Management.                         lulus penilaian Kemampuan dan Kepatutan OJK
                                                                                                                 berdasarkan Keputusan Dewan Komisioner No.
                                                                                                                 KEP 5/D.05/2024 tanggal 18 Januari 2024.

                                                                                                                 Appointed as Director of Compliance & Risk
                                                                                                                 Management based on the AGMS Resolution on
                                                                                                                 28 April 2023. He has passed the OJK Fit and
                                                                                                                 Proper Test based on Board of Commissioners
                                                                                                                 Decree No. KEP 5/D.05/2024 dated 18
                                                                                                                 January 2024.
     Syaiful Azhar              Direktur Teknik.                                           -                     Tidak lagi menjabat sebagai Direktur Teknik
                                Technical Director.                                                              sejak 28 April 2023.
                                                                                                                 No longer served as Technical Director since 28
                                                                                                                 April 2023.
     Sudarlin                                      -                    Direktur Teknik.                         Diangkat sebagai Direktur Teknik berdasarkan
                                                                        Technical Director.                      Keputusan RUPST 28 April 2023. Beliau telah
                                                                                                                 lulus penilaian Kemampuan dan Kepatutan OJK
                                                                                                                 berdasarkan Keputusan Dewan Komisioner
                                                                                                                 No. Kep-40/KDK.05/2023 tanggal 30 Oktober
                                                                                                                 2023.
                                                                                                                 Appointed as Technical Director based on
                                                                                                                 Resolution of the AGMS 28 April 2023. He has
                                                                                                                 passed the OJK Fit and Proper Test based on
                                                                                                                 the Decree of the OJK Commissioner Board
                                                                                                                 Kep-40/KDK.05/2023 dated 30 October 2023.




 Dengan demikian, Anggota Direksi Tugu Insurance pada 31                              Therefore, the members of the Tugu Insurance’s Board of
 Desember 2023 adalah sebagai berikut:                                                Directors as of 31 December 2023 are as follows:
                                      Nama                                                                                Jabatan
                                      Name                                                                                Position
     Tatang Nurhidayat                                                               Presiden Direktur
                                                                                     President Director
     Emil Hakim                                                                      Direktur Keuangan & Layanan Korporat
                                                                                     Director of Corporate Finance & Services
     Ery Widiatmoko                                                                  Direktur Pemasaran Asuransi
                                                                                     Director of Insurance Marketing
     Edi Yoga Prasetyo*                                                              Direktur Kepatuhan & Manajemen Risiko
                                                                                     Director of Compliance & Risk Management
     Sudarlin*                                                                       Direktur Teknik
                                                                                     Technical Director

 *) Efektif sejak tanggal ditetapkannya hasil penilaian kemampuan dan kepatutan Otoritas Jasa Keuangan (OJK).
 *) Effective from the date in which the Financial Services Authority (OJK) fit and proper test results are determined.




56       LAPORAN TAHUNAN 2023                                                                                              PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Apresiasi
Appreciation

Pencapaian Tugu Insurance di sepanjang tahun 2023                               Tugu Insurance's achievements throughout 2023 were the
merupakan buah dari dedikasi dan kerja keras kami dalam                         result of our mutual dedication and hard work, which is
berkolaborasi, yang juga didukung oleh pemegang saham.                          also supported by shareholders. We appreciate the support
Kami mengapresiasi dukungan Dewan Komisaris dalam                               of the Board of Commissioners in providing direction for
memberikan arahan atas tindakan Perseroan di tengah                             the Company's actions amidst the challenging business
tantangan iklim usaha dan ketidakpastian ekonomi global                         climate and global economic uncertainty due to geopolitical
akibat konflik geopolitik. Untuk ke depannya, kami optimis                      conflicts. In the future, we are optimistic that we will be able
mampu menerapkan strategi yang cermat dan memiliki tim                          to implement a careful strategy and have the right team
yang tepat untuk senantiasa mengatasi berbagai tantangan                        to continuously overcome the various challenges and take
yang dihadapi dan memanfaatkan berbagai peluang guna                            advantage of various opportunities to develop products and
mengembangkan produk dan layanan di masa mendatang.                             services in the future. The Board of Directors would also
Direksi juga memberikan apresiasi kepada seluruh                                like to express its appreciation to all customers and work
pelanggan dan mitra kerja atas kerja sama yang telah terjalin                   partners for the good cooperation and trust that has been
dengan baik dan kepercayaan yang telah diberikan pada                           given to the Company. We are confident that Tugu Insurance
Perseroan. Kami berkeyakinan Tugu Insurance dapat terus                         can continue to move forward in overcoming various
melaju menghadapi berbagai tantangan demi hasil yang                            challenges for positive and sustainable results.
positif dan berkelanjutan.




                                                              Jakarta, 5 April 2024




                                                       Tatang Nurhidayat
                                                               Presiden Direktur
                                                                President Director




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                   ANNUAL REPORT 2023        57
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         Performance Review                Management Report                   Company Profile                    Management Discussion and Analysis




 Surat Pernyataan Dewan Komisaris
 Statement Letter of Board of Commissioners




 Kami yang bertanda tangan di bawah ini menyatakan bahwa                          The undersigned below acknowledge that all information
 semua informasi dalam Laporan Tahunan PT Asuransi Tugu                           contained in the 2023 Annual Report of PT Asuransi Tugu
 Pratama Indonesia Tbk Tahun 2023 telah dimuat secara                             Pratama Indonesia Tbk has been presented as a whole and
 lengkap dan bertanggung jawab penuh atas kebenaran isi                           therefore are accountable for the validity of the Company’s
 Laporan Tahunan Perusahaan tersebut.                                             Annual Report.

 Demikian pernyataan ini dibuat dengan sebenarnya.                                This statement is made truthfully.




                                                                  Jakarta, 5 April 2024




                                                                   Dewan Komisaris
                                                                Board of Commissioners




                                                                         Dian Masyita
                                                         Presiden Komisaris & Komisaris Independen
                                                    President Commissioner & Independent Commissioner




                      Bagus Agung Rahadiansyah                                                         Samuel Lie (Samuel Ramna)
                                   Komisaris                                                                         Komisaris
                                 Commissioner                                                                      Commissioner




                              Poerwo Tjahjono                                                                     Tajudin Noor*)
                              Komisaris Independen                                                              Komisaris Independen
                           Independent Commissioner                                                          Independent Commissioner




 *)
      telah lulus hasil penilaian kemampuan dan kepatutan berdasarkan            *)
                                                                                       has passed the fit and proper test based on the Decree of the
       Surat Keputusan Anggota Dewan Komisioner Otoritas Jasa Keuangan                  Members of the Board of Commissioners of the Financial Services Authority
       No. KEP-6/D.05/2024 tanggal 18 Januari 2024.                                     No. KEP-6/D.05/2024 dated 18 January 2024.




58       LAPORAN TAHUNAN 2023                                                                                          PT Asuransi Tugu Pratama Indonesia Tbk
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 5      Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan                     7   Laporan Keuangan
        Corporate Governance                   Corporate Social Responsibility                          Audited Report




Surat Pernyataan Direksi
Statement Letter of Board of Directors




Kami yang bertanda tangan di bawah ini menyatakan bahwa                            The undersigned below acknowledge that all information
semua informasi dalam Laporan Tahunan PT Asuransi Tugu                             contained in the 2023 Annual Report of PT Asuransi Tugu
Pratama Indonesia Tbk Tahun 2023 telah dimuat secara                               Pratama Indonesia Tbk has been presented as a whole and
lengkap dan bertanggung jawab penuh atas kebenaran isi                             therefore are accountable for the validity of the Company’s
Laporan Tahunan Perusahaan tersebut.                                               Annual Report.

Demikian pernyataan ini dibuat dengan sebenarnya.                                  This statement is made truthfully.




                                                                 Jakarta, 5 April 2024




                                                                            Direksi
                                                                   Board of Directors




                                                                  Tatang Nurhidayat
                                                                        Presiden Direktur
                                                                        President Director




                                 Emil Hakim                                                                      Ery Widiatmoko
                    Direktur Keuangan & Layanan Korporat                                                     Direktur Pemasaran Asuransi
                   Director of Corporate Finance & Services                                                 Director of Insurance Marketing




                           Edi Yoga Prasetyo*)                                                                        Sudarlin
                   Direktur Kepatuhan & Manajemen Risiko                                                            Direktur Teknik
                  Director of Compliance & Risk Management                                                         Technical Director




*)
     telah lulus hasil penilaian kemampuan dan kepatutan berdasarkan              *)
                                                                                        has passed the fit and proper test based on the Decree of the
      Surat Keputusan Anggota Dewan Komisioner Otoritas Jasa Keuangan                    Members of the Board of Commissioners of the Financial Services Authority
      No. KEP-5/D.05/2024 tanggal 18 Januari 2024.                                       No. KEP-5/D.05/2024 dated 18 January 2024.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                                  ANNUAL REPORT 2023           59
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03         Profil
           Perusahaan
           Company Profile




Laporan Tahunan 2023         60   PT Asuransi Tugu Pratama Indonesia Tbk
Page 63
2023 Annual Report   61   PT Asuransi Tugu Pratama Indonesia Tbk
Page 64
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          Performance Review                  Management Report               Company Profile                  Management Discussion and Analysis




 Identitas Perusahaan
 Company Identity




         Nama Perusahaan                                  PT Asuransi Tugu Pratama Indonesia Tbk (“Tugu Insurance“)
         Company Name

         Tanggal Pendirian Perusahaan                     25 November 1981
         Date of Establishment                            25 November 1981

         Dasar Hukum Pendirian Perusahaan                 Perusahaan didirikan berdasarkan Akta Notaris No. 9 tanggal 25 November 1981 dari Tan
         Legal Basis of Establishment                     Thong Kie, S.H., Akta Pendirian ini disahkan oleh Menteri Kehakiman Republik Indonesia dengan
                                                          Surat Keputusan No. Y.A5/177/20 tanggal 15 Maret 1982 serta diumumkan dalam Tambahan
                                                          No. 845 dari Berita Negara Republik Indonesia No. 54 tanggal 6 Juli 1982.
                                                          The Company was established based on Notarial Deed No. 9 dated 25 November 1981 passed
                                                          before Tan Thong Kie, S.H., legalized by the Minister of Justice of the Republic of Indonesia with
                                                          Ministerial Decree No. Y.A5/177/20 dated 15 March 1982, and published in the Supplement
                                                          No. 845 of the Republic of Indonesia’s State Gazette No. 54 dated 6 July 1982

         Bidang Usaha                                     Asuransi Umum (konvensional & syariah)
         Business Field                                   General Insurance (conventional & sharia)

         Kepemilikan Saham (per 31 Desember 2023)         •   58,50% PT Pertamina (Persero)
         Share Ownersip (per 31 December 2023)            •   15,89% UOB Kay Hian Pte. Ltd
                                                          •   5,29% Samsung Fire & Marine Insurance, Co., Ltd.
                                                          •   20,32% Masyarakat (masing-masing kepemilikan <5%)/Public (with ownership of <5%)

         Modal Dasar                                      Rp640.000.000.000,-
         Authorized Capital

         Modal Ditempatkan dan Disetor Penuh              Rp177.778.780.000,-
         Issued and Fully Paid-up Capital

         Jumlah Pegawai                                   459 orang
         Total Employees                                  459 people

         Point of Sales and Services (PoSS)               Per 31 Desember 2023 terdapat 31 PoSS yang terbagi dalam 2 (dua) regional, yaitu Regional 1
                                                          terdiri dari 17 PoSS, dan Regional 2 terdiri dari 14 PoSS.
                                                          As of 31 December 2023, there were 31 PoSS which are divided into 2 (two) regions, namely
                                                          Region 1 consisting of 17 PoSS, and Region 2 consisting of 14 PoSS.

         Pencatatan di Bursa Efek Indonesia               28 Mei 2018
         Listing on the Indonesian Stock Exchange         28 May 2018

         Kode Saham                                       TUGU
         Stock Code

         Alamat Kantor Pusat                              Gedung Wisma Tugu I
         Address of Head Office                           Jl. H.R. Rasuna Said Kav. C 8-9
                                                          Jakarta Selatan 12920, Indonesia
                                                             Telepon               : +62 21 529 61 777 (hunting)
                                                             Faksimile             : +62 21 529 61 555, 529 62 555
                                                             Email                 : enquiry@tugu.com; calltia@tugu.com;
                                                             Hotline 24/7 Call TIA : 1500 458
                                                             Whatsapp              : 0811 9790 0100
                                                             FB/Fanpage            : Tugu Insurance
                                                             Twitter               : @tuguinsurance
                                                             Instagram             : @tuguinsurance, @mytdrive.id, @lifeattugu
                                                             Linkedin              : PT Asuransi Tugu Pratama Indonesia Tbk
                                                             Youtube               : Tugu Insurance




62       LAPORAN TAHUNAN 2023                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk
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Riwayat Singkat Tugu Insurance
Brief History of Tugu Insurance




PT Asuransi Tugu Pratama Indonesia Tbk (“Tugu Insurance”                        PT Asuransi Tugu Pratama Indonesia Tbk (“Tugu Insurance”
atau “Perseroan”) berdomisili di Jakarta Selatan dan                            or “the Company”) domiciled in South Jakarta, previously
pertama kali didirikan dengan nama PT Tugu Pratama                              established under the name of PT Tugu Pratama Indonesia
Indonesia berdasarkan Akta Pendirian No. 9 tanggal                              based on Deed of Establishment No. 9 dated 25 November
25 November 1981 yang dibuat di hadapan Thong Tan                               1981, passed before Thong Tan Kie, Notary in Jakarta, and
Kie, Notaris di Jakarta dan telah disahkan oleh Menteri                         legalized by Minister of Justice of the Republic of Indonesia
Kehakiman Republik Indonesia melalui Surat Keputusan                            with Ministerial Decree No. Y.A5/177/20 dated 15 March
No. Y.A5/177/20 tanggal 15 Maret 1982 serta diumumkan                           1982 and published in the Supplement No. 845 of the
dalam Tambahan No. 845 dari Berita Negara Republik                              Republic of Indonesia’s State Gazette No. 54 dated 6 July
Indonesia No. 54 tanggal 6 Juli 1982. Anggaran Dasar                            1982. The Company’s Articles of Association have been
Perseroan telah mengalami beberapa kali perubahan,                              amended several times, most recently by Notarial Deed No.
terakhir dengan Akta Notaris No. 123 tanggal 28 April 2023                      123 dated 28 April 2023 from Notary Jose Dima Satria,
dari Notaris Jose Dima Satria, S.H., M.Kn., Notaris di Jakarta                  S.H., M.Kn., Notary in Jakarta concerning Statement of
tentang Pernyataan Keputusan Rapat Perubahan Anggaran                           Meeting Resolutions on Amendments to the Articles of
Dasar PT Asuransi Tugu Pratama Indonesia Tbk. Perubahan                         Association of PT Asuransi Tugu Pratama Indonesia Tbk. The
Anggaran Dasar tersebut telah memperoleh persetujuan dari                       amendments to the Articles of Association have received
Menteri Hukum dan Hak Asasi Manusia Republik Indonesia                          approval from the Minister of Law and Human Rights of the
dalam Surat Keputusan No. AHU-AH.01.03-0059835 tanggal                          Republic of Indonesia in Decree No. AHU-AH.01.03-0059835
5 Mei 2023.                                                                     dated 5 May 2023.

Pada awal didirikan (1981-1984), Tugu Insurance                                 At the beginning of its establishment (1981-1984), Tugu
menjalankan bisnisnya dengan berfokus pada pemberian                            Insurance focused on the business of providing risk coverage
pertanggungan risiko yang terjadi di industri minyak dan gas                    insurance in the national’s oil and gas industry, especially
nasional, terutama perlindungan asuransi atas aset yang                         insurance protection for assets owned by State-Owned



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         Performance Review         Management Report             Company Profile             Management Discussion and Analysis




 dimiliki oleh perusahaan Badan Usaha Milik Negara (BUMN),           Enterprise (SOE), PT Pertamina (Persero) as the holding
 PT Pertamina (Persero) selaku induk usaha. Selanjutnya              company. Furthermore, in the quest for business expansion,
 selama periode tahun 1985-1998, Perseroan melakukan                 during 1985-1998 the Company invested in several domestic
 ekspansi usaha di beberapa perusahaan, baik di dalam dan            and foreign companies, until the establishment of several
 luar negeri, hingga terbentuknya beberapa entitas anak yang         subsidiaries under TUGU Group. All subsidiaries and
 bersinergi di bawah payung TUGU Group. Semua entitas                affiliates engage in businesses that support the Company’s
 anak maupun afiliasi bergerak dalam bidang usaha yang               business activities and complement the products and
 menunjang kegiatan usaha Perseroan serta melengkapi                 services offered by the Company.
 produk dan jasa yang ditawarkan.

 Tugu Insurance telah memiliki keahlian di segmen korporasi          Tugu Insurance has expertise in the corporate segment
 dan berpengalaman dalam memberikan layanan asuransi                 and profound experience in providing insurance services to
 kepada berbagai proyek migas dan energi berskala besar,             various large-scale oil and gas energy projects, starting from
 mulai dari menyediakan layanan perasuransian kepada PT              providing insurance services to PT Pertamina (Persero) and
 Pertamina (Persero) serta para mitra kerja dan berbagai             its partners and subsidiaries, as well as other Cooperation
 anak perusahaan PT Pertamina (Persero), dan juga para               Contract Holders (CCH). Going further, Tugu Insurance
 Kontraktor Kontrak Kerja Sama (KKKS) lainnya. Dalam                 has not only entered the captive market but also has
 perkembangannya, Tugu Insurance telah merambah ke pasar             penetrated into the non-captive market, such as the non-
 di luar captive market, yaitu pasar korporasi non-energi dan        energy corporate market and retail products with the vast
 produk-produk retail yang memiliki potensi kontribusi premi         premium contribution potential, given the small penetration
 yang sangat besar, mengingat masih kecilnya penetrasi               of insurance market nationwide in this segment. Tugu
 asuransi nasional di segmen ini. Tugu Insurance telah               Insurance has developed its business optimally by offering
 mengembangkan bisnis secara maksimal melalui penawaran              various types of insurance products, including insurance in
 berbagai jenis produk asuransi yang ditawarkan, termasuk            the energy, fire & property, aviation, engineering, marine hull,
 asuransi di sektor energi, harta benda, penerbangan,                marine cargo, protection & indemnity sectors, credit, liability,
 rekayasa, rangka kapal, pengangkutan, protection &                  motor vehicle insurance, and sharia-based insurance.
 indemnity, kredit, liability, asuransi kendaraan bermotor,
 hingga asuransi berbasis syariah.

 Dalam rangka memperkuat struktur permodalan guna                    In the quest of strengthening its capital structure to support
 mendukung pengembangan bisnis Perseroan serta                       the Company’s business development and to enhance GCG
 memperkokoh implementasi GCG di Perseroan, pada 2018                implementation in the Company, Tugu Insurance conducted
 Tugu Insurance melakukan penawaran perdana sahamnya                 an Initial Public Offering (IPO) in 2018. As of 28 May 2018,
 kepada masyarakat (Initial Public Offering/IPO). Pencatatan         the Company has listed its shares on the Indonesia Stock
 saham Tugu Insurance di Bursa Efek Indonesia dilaksanakan           Exchange, with the ticker code “TUGU”.
 pada 28 Mei 2018 dengan kode saham “TUGU”.

 Perseroan juga melaksanakan transformasi brand & culture            In addition, the Company also conducted a brand & culture
 termasuk perubahan corporate identity dengan meluncurkan            transformation including a change in corporate identity
 corporate brand name Tugu Insurance, perubahan logo                 by launching the corporate brand name Tugu Insurance,
 perusahaan dan juga perubahan corporate brand central idea          a change in the company logo and also a change in the
 “Reaching New Heights” disertai revitalisasi tata nilai budaya      corporate brand central idea “Reaching New Heights”
 6C pada 28 Juni 2018 yang kemudian diselaraskan dengan              along with the revitalization of the 6C cultural values on
 core values AKHLAK.                                                 28 June 2018 and then aligned these values with AKHLAK
                                                                     core values.

 Sesuai rencana dalam prospektus, yang mana alokasi                  According to the plan stated in the prospectus, where the
 penggunaan dana IPO antara lain dipergunakan untuk                  allocation of IPO funds is used, among others to develop
 mengembangan bisnis retail dan membangun infrastruktur              the retail business and build technological innovation
 inovasi teknologi yang dapat mendukung operasional bisnis           infrastructure that supports Tugu Insurance’s operations in
 Tugu Insurance di era digitalisasi, Tugu Insurance telah            the digitalization era, Tugu Insurance has launched the retail
 meluncurkan produk ritel berupa produk asuransi kendaraan           insurance products, t ride for two-wheeled vehicle and t drive
 roda dua bernama t ride dan roda empat bernama t drive,             for four-wheel vehicle, as well as a smart t drive application
 serta aplikasi cerdas t drive untuk mengukur keterampilan           to measure the driving skills and behavior of application
 maupun perilaku berkendara pengguna aplikasi. Saat ini              users. Currently Tugu Insurance also has 31 Points of Sales



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Tugu Insurance juga memiliki 31 Point of Sales and Services                     and Services (PoSS) in various strategic areas of Indonesia
(PoSS) di berbagai wilayah strategis Indonesia yang terbagi                     which are divided into 2 (two) regions, namely Region 1
dalam 2 (dua) regional, yaitu Regional 1 terdiri dari 17 PoSS,                  consisting of 17 PoSS, and Region 2 consisting of 14 PoSS.
dan Regional 2 terdiri dari 14 PoSS.

Tugu Insurance selalu mengutamakan pertumbuhan yang                             Tugu Insurance always prioritizes quality growth. In 2016,
berkualitas. Pada tahun 2016, Tugu Insurance untuk                              Tugu Insurance for the first time succeeded in getting an
pertama kalinya berhasil mendapatkan international rating                       international rating of “A- (Excellent)” from A.M. Best and
“A- (Excellent)” dari A.M. Best dan berhasil mempertahankan                     succeeded in maintaining the international rating for 8 (eight)
international rating tersebut selama 8 (delapan) tahun                          consecutive years. This is a reflection of Tugu Insurance’s
berturut-turut. Hal ini merupakan cerminan atas posisi                          very strong financial position (stable outlook), and is
keuangan Tugu Insurance yang sangat kuat (stable outlook),                      supported by healthy business operations and adequate risk
dan didukung oleh operasional bisnis yang sehat dan                             management. A.M. Best is the oldest insurance company
manajemen risiko yang memadai. A.M. Best merupakan                              rating agency in the world and is based in New York, United
lembaga pemeringkat perusahaan asuransi tertua di dunia                         States. Every year, A.M. Best provides assessments to more
dan berpusat di New York, Amerika Serikat. Setiap tahun,                        than 16,000 insurance companies worldwide by measuring
A.M. Best memberikan Penilaian kepada lebih dari 16.000                         the health of insurance companies based on their ability
perusahaan asuransi di seluruh dunia dengan mengukur                            to pay claims, debts and other financial obligations in a
kesehatan perusahaan asuransi berdasarkan kemampuan                             timely manner.
dalam membayar klaim, hutang, dan kewajiban keuangan
lainnya secara tepat waktu.

Seiring berjalannya waktu, Tugu Insurance senantiasa                            Along with that, the trust in Tugu Insurance continues to
meningkatkan kepercayaan dari regulator, mitra usaha dan                        strengthen, not only from regulators and business partners,
pelanggan. Hal ini menjadi motivasi dan semangat bagi                           but also from customers. This is a motivation and spirit for
seluruh Insan Tugu untuk selalu meningkatkan karya dan                          all Tugu Personnel to continue enhancing their work and
memberikan inovasi yang baru untuk melangkah maju demi                          innovate to move forward to reach new heights.
mencapai tingkatan yang lebih tinggi.



Informasi Tentang Perubahan Nama Perusahaan
Information About Change of the Company’s Name



             PT Tugu Pratama Indonesia                                              PT Asuransi Tugu Pratama Indonesia Tbk
                     25 November 1981                                                          8 Februari 2018 | 8 February 2018




PT Tugu Pratama Indonesia mengalami perubahan nama                              PT Tugu Pratama Indonesia changed its name to PT Asuransi
menjadi PT Asuransi Tugu Pratama Indonesia Tbk sesuai                           Tugu Pratama Indonesia Tbk following the Resolution of
hasil keputusan Rapat Umum Pemegang Saham Luar Biasa                            the Extraordinary General Meeting of Shareholders dated
tanggal 8 Februari 2018 yang diaktakan dalam Akta Notaris                       8 February 2018 which was notarized in the Deed No. 23
No. 23 tanggal 8 Februari 2018 dari Notaris Fathiah Helmi,                      dated 8 February 2018 from Fathiah Helmi, S.H., as the
S.H., yang telah disetujui oleh Menteri Hukum dan Hak Asasi                     notary, which was approved by the Minister of Justice and
Manusia Republik Indonesia berdasarkan Keputusan No.                            Human Rights of the Republic of Indonesia based on Decree
AHU-0003192.AH.01.02. Tahun 2018 tanggal 9 Februari                             No. AHU-0003192. AH.01.02. of 2018 dated 9 February
2018. Perubahan nama ini juga telah mendapat persetujuan                        2018. This name change was also approved by the Financial
Otoritas Jasa Keuangan (OJK) berdasarkan Keputusan                              Services Authority (OJK) based on the Decree of OJK
Anggota Dewan Komisioner OJK No. KEP-231/NB.11/2018                             Commissioner Board No. KEP-231/NB.11/2018 dated 19
tanggal 19 Maret 2018 tentang Pemberlakuan Izin usaha di                        March 2018 concerning the Enactment of Business License
Bidang Asuransi Umum Sehubungan Perubahan Nama PT                               in General Insurance Sector, concerning the Change of the
Tugu Pratama Indonesia menjadi PT Asuransi Tugu Pratama                         Name of PT Tugu Pratama Indonesia to PT Asuransi Tugu
Indonesia Tbk.                                                                  Pratama Indonesia Tbk.


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         Performance Review                 Management Report                 Company Profile                  Management Discussion and Analysis




     Jejak Langkah
     Milestones




         1981                                                           1994
         •   Tugu Insurance didirikan dengan nama PT                     •    Pada 29 April 1994, mendirikan PT Tugu Pratama Interindo (Interindo),
             Tugu Pratama Indonesia oleh PT Pertamina                         didirikan pertama kalinya dengan nama PT Tugu Pratama Holding.
             (Persero) pada tanggal 25 November 1981                     •    Pada 15 Desember 1994, nama PT Tugu Pratama Holding berubah
             untuk memberikan proteksi risiko dalam negeri                    menjadi PT Tugu Pratama Interindo (Interindo).
             dengan spesialisasi bisnis korporasi (business to           •    Ekspansi usaha dengan melakukan penyertaan modal perusahaan
             business) di sektor migas, terutama perlindungan                 asuransi di dalam dan luar negeri di bawah pengelolaan Interindo
             aset Pertamina.                                                  sebagai investment holding atas TUGU Group.
         •   Tugu Insurance mulai merintis keahlian dalam                •    Tugu Insurance mulai fokus bermain di lini bisnis non migas maupun
             penanganan manajemen risiko sektor migas di                      energi selain tetap mengedepankan perolehan bisnis di sektor migas.
             industri asuransi umum nasional.
                                                                         •    Established PT Tugu Pratama Interindo (Interindo), first established under
         •   Tugu Insurance was established under the name                    the name of PT Tugu Pratama Holding on 29 April 1994.
             of PT Tugu Pratama Indonesia by PT Pertamina                •    Changed the name of PT Tugu Pratama Holding to PT Tugu Pratama
             (Persero) on 25 November 1981 to provide                         Interindo on 15 December 1994.
             domestic risk protection with specialization in             •    Business expansion by investing in domestic and foreign markets under
             business-to-business in the oil and gas sector,                  the management of Interindo as the investment holding of TUGU Group.
             particularly for Pertamina’s assets protection.             •    Tugu Insurance began to focus on non-oil and gas business lines while
         •   Tugu Insurance began to develop its expertise in                 continuing to prioritize business acquisition in the oil and gas sector.
             handling risk management of oil and gas sector in
             the national general insurance industry.




                         2018                                                              2017
                          •   Kembali mempertahankan international rating                   •     Pelepasan saham milik entitas anak, yaitu Interindo
                              A- “Excellent” dari Lembaga pemeringkat A.M.                        di PT Asuransi Jiwa Tugu Mandiri (AJTM) sebanyak
                              Best.                                                               94.750 lembar saham kepada Dana Pensiun
                          •   Melakukan Penawaran Umum Perdana Saham                              Pertamina.
                              TUGU (IPO) kepada masyarakat sebanyak                         •     Mendapatkan peningkatan Predikat “Emerging” di
                              177.777.800 saham. Saham-saham tersebut                             ajang Pertamina QMA - KKEP 2017.
                              dicatatkan di Bursa Efek Indonesia (BEI) pada                 •     Pengalihan hak atas saham milik Dana Pensiun
                              tanggal 28 Mei 2018.                                                Pertamina di PT Tugu Reasuransi Indonesia (Tugure)
                                                                                                  kepada Interindo, sehingga kepemilikan saham Tugu
                          •   Maintained an international rating of A-                            Insurance (melalui Interindo) di Tugure meningkat
                              “Excellent” from A.M. Best.                                         menjadi 50,27% dari sebelumnya 37,66%.
                          •   Conducted an Initial Public Offering (IPO) of
                              TUGU Shares to the public with a total of                     •     Disposal of shares owned by subsidiaries, namely
                              177,777,800 shares. These shares are listed                         Interindo in PT Asuransi Jiwa Tugu Mandiri (AJTM) in a
                              on the Indonesia Stock Exchange (IDX) on 28                         total of 94,750 shares to Dana Pensiun Pertamina.
                              May 2018.                                                     •     Received Predicate upgrade to “Emerging” at
                                                                                                  Pertamina QMA - KKEP 2017.
                                                                                            •     The transfer of rights to the shares owned by Dana
                                                                                                  Pensiun Pertamina in PT Tugu Reasuransi Indonesia
                                                                                                  (Tugure) to Interindo, thus Tugu Insurance’s share
                                                                                                  ownership (through Interindo) in Tugure increased to
                                                                                                  50.27% from 37.66%.




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    Corporate Governance                     Corporate Social Responsibility                     Audited Report




                         2005
                          •   Berinovasi dengan mengeluarkan produk-produk berbasis corporate retail
                              dan syariah.
                          •   Mengimplementasi program Pemberdayaan Masyarakat di Kampung
                              Tugu Cipereu, Sukabumi dengan membangun infrastruktur fasilitas air
                              bersih, MCK, Musholla, bangunan pendidikan formal/informal dan kolam
                              pembibitan ikan lele dan nila serta penaburan benih pohon buah.

                          •   Conducted innovation by launching products based on corporate retail
                              and sharia.
                          •   Implemented the Community Empowerment program in Kampung Tugu
                              Cipereu, Sukabumi by building the infrastructure of clean water facilities,
                              bathing/washing/toilet centers (MCK), Musholla, formal/informal
                              education buildings and catfish and tilapia fishing pond, and seeds
                              plantation.




    2016                                                              2014
    •   Seiring dengan pertumbuhannya, pada tahun                      •   Penetapan Revitalisasi Visi, Misi, dan Tata Nilai
        2016 telah memiliki sejumlah kantor cabang                         Budaya Perseroan 6C.
        yaitu di Surabaya, Bandung, Medan, Palembang,                  •   Pelaksanaan program Sosialisasi dan Internalisasi
        Semarang, dan Balikpapan.                                          Transformasi Budaya Perseroan.
    •   Mendapatkan international rating A- “Excellent”
        dari A.M. Best, dimana Tugu Insurance merupakan                •   Establishment of the Company’s Revitalized
        perusahaan asuransi umum nasional pertama                          Vision, Mission, and Cultural Values (6C).
        yang berhasil meraih predikat ini.                             •   Implemented Socialization and Internalization
                                                                           program for Corporate Culture Transformation.
    •   In corresponding with its growth, the Company in
        2016 opened several branch offices in Surabaya,
        Bandung, Medan, Palembang, Semarang, and
        Balikpapan.
    •   Received an international rating of A- “Excellent”
        from A.M. Best in which Tugu Insurance was the
        first national general insurance company to earn
        this title.




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         Performance Review                 Management Report                  Company Profile                  Management Discussion and Analysis




         2019                                                                                      2020
         •   Meningkatkan kualitas layanan konsumen dengan meluncurkan hotline                     •   Di tengah dampak kondisi pandemi COVID-19 yang
             24/7 Call TIA 1500 458, dan Tugu Real Experience (t rex) atau yang                        telah meluluhlantakkan perekonomian global dan
             biasa dikenal dengan Emergency Road Assistant.                                            nasional, Tugu Insurance berhasil meningkatkan
         •   Keberhasilan selama 4 tahun berturut-turut dalam mempertahankan                           outlook menjadi “Stable” serta mempertahankan
             international rating A- “Excellent” dari A.M. Best, dan Tugu Insurance                    Peringkat Internasional dari A.M. Best selama 5
             masih tetap menyandang sebagai satu-satunya perusahaan asuransi                           tahun berturut-turut dengan nilai Financial Strength
             umum nasional yang memiliki predikat ini.                                                 Rating “A- (Excellent)” dan Long Term Issuer Credit
         •   Memperluas jangkauan geografis melalui pembukaan kantor-kantor                            Rating “a-” di tahun 2020.
             cabang baru di Pekanbaru, Lampung, Makassar, Denpasar, dan Cirebon,                   •   Tidak hanya prestasi dari A.M. Best, sepanjang
             serta membuka beberapa Point of Sales & Service (t shop) di berbagai                      tahun 2020 Tugu Insurance juga berhasil meraih
             titik strategis di Indonesia.                                                             berbagai penghargaan baik di bidang keuangan
         •   Transformasi seluruh identitas korporat dengan memperkenalkan                             maupun non-keuangan.
             corporate brand name “Tugu Insurance” dan melakukan revitalisasi tata
             nilai budaya perusahaan 6C yang bernafaskan “Reaching New Heights“                    •   Amid the COVID-19 pandemic, which has
             #BeraniLebihBaik.                                                                         devastated the global and national economies,
         •   Meluncurkan t drive, aplikasi safety driving yang dapat diunduh via                       Tugu Insurance has succeeded in improving
             smartphone oleh masyarakat luas melalui Google Play untuk platform                        its outlook to “Stable” and maintained the
             Android dan untuk platform iOS, dan disertai dengan peluncuran produk                     International Rating of A.M. Best for 5 consecutive
             unggulan ritel untuk asuransi kendaraan bermotor yaitu t drive untuk                      years with a Financial Strength Rating of “A-
             roda empat dan t ride untuk roda dua.                                                     (Excellent) “and Long-Term Issuer Credit Rating of
                                                                                                       “a-” in 2020.
         •   Enhanced customer service quality by launching a 24/7 Call hotline TIA                •   Besides the A.M. Best achievement, throughout
             1500 458, and Tugu Real Experience (t rex) or more commonly known as                      2020 Tugu Insurance has also won various awards
             Emergency Road Assistant.                                                                 both in the financial and non-financial fields.
         •   Maintained the international rating A- “Excellent” from A.M. Best for 4
             consecutive years, and Tugu Insurance still holds the title as the only
             national general insurance company to have this title.
         •   Expanded its geographic reach by opening new branch offices in
             Pekanbaru, Lampung, Makassar, Denpasar, and Cirebon, as well as
             opening several Point of Sales & Service (t shops) in various strategic
             areas in Indonesia.
         •   Transformed the entire corporate identity by introducing the corporate
             brand name “Tugu Insurance” and revitalizing the 6C corporate culture
             values with the spirit of “Reaching New Heights” #BeraniLebihBaik.
         •   Launched t drive, a safety driving application that can be downloaded via
             smartphones by the public via Google Play for the Android platform and
             the iOS platform, accompanied by the launch of superior retail products
             for motor vehicle insurance, namely t drive for four-wheel and t ride for
             two-wheel.




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                         2021
                          •   Berhasil menerapkan Sistem Manajemen Anti Penyuapan (SMAP) dengan meraih sertifikasi ISO 37001:2016.
                              Sertifikasi ini merupakan pencapaian perusahaan dalam meningkatkan Good Corporate Governance yang bebas dari
                              Bribery atau Fraud dengan ruang lingkup sertifikasi fungsi Procurement & Claim.
                          •   Turut mendukung pencapaian Agenda 2030 untuk Tujuan Pembangunan Berkelanjutan/Sustainable Development
                              Goals (TPB/SDGs), yang merupakan kesepakatan pembangunan berkelanjutan berdasarkan hak asasi manusia dan
                              kesetaraan melalui “Bersatu Aksi Kepedulian Tugu Insurance” atau Bakti TUGU. Ini merupakan wadah yang menaungi
                              seluruh kegiatan Corporate Social Responsibility (CSR) di Tugu Insurance.
                          •   Pada bulan November 2021, bertepatan dengan ulang tahunnya yang ke 40, Tugu Insurance mencanangkan digital
                              transformation secara holistic yang terus menerus akan dilakukan oleh Perseroan meliputi aspek penguatan
                              infrastruktur Teknologi Informasi (TI), Business Process yang nantinya juga akan di ikuti perubahan Mindset dan
                              Culture Perseroan.
                          •   Berhasil mempertahankan predikat bertaraf global Financial Strength Rating A- (Excellent) dan Long-Term Issuer Credit
                              Rating of “a-” (Excellent) dari A.M. Best 6 tahun berturut-turut sebagai cerminan atas posisi keuangan yang sangat
                              kuat (stable outlook), didukung oleh operasional bisnis yang sehat dan manajemen risiko yang memadai.

                          •   Successfully implemented the Anti-Bribery Management System (SMAP) by achieving ISO 37001:2016 certification.
                              This certification is the Company’s achievement in enhancing Good Corporate Governance that is free from Bribery or
                              Fraud with the scope of certification of the Procurement & Claim function.
                          •   Supporting the achievement of the 2030 Agenda for Sustainable Development Goals (SDGs), which is a sustainable
                              development agreement based on human rights and equality through “Tugu Insurance United Action of Concern” or
                              Bakti TUGU. This is a forum that houses all Corporate Social Responsibility (CSR) activities at Tugu Insurance.
                          •   In November 2021, coinciding with its 40th anniversary, Tugu Insurance launched a holistic digital transformation that
                              the Company will continuously carry out including aspects of strengthening Information Technology (IT) infrastructure,
                              Business Process which will also be followed by changes in the Company’s Mindset and Culture.
                          •   Succeeded in maintaining the global level Financial Strength Rating A- (Excellent) and Long-Term Issuer Credit Rating
                              of “a-” (Excellent) from A.M. Best for 6 consecutive years as a proof of the Company’s very strong financial position,
                              supported by sound business operations and adequate risk management.




    2022                                                                                    2023
    •   PT Bursa Efek Indonesia mengumumkan perpindahan Papan Pencatatan                       Tugu Insurance melakukan pemecahan nilai
        atas saham TUGU dari Papan Pengembangan ke Papan Utama efektif                         nominal saham (stock split) dengan rasio
        per tanggal 30 November 2022.
                                                                                               1:2 atau dari Rp100,00 (seratus Rupiah) per
    •   Kembali dapat mempertahankan predikat bertaraf global Financial
        Strength Rating A- (Excellent) dan Long-Term Issuer Credit Rating of “a-”              saham menjadi Rp50,00 (lima puluh Rupiah),
        (Excellent) dari A.M. Best 7 (tujuh) tahun berturut-turut sebagai cerminan             sehingga jumlah saham beredar menjadi
        atas posisi keuangan yang sangat kuat (stable outlook), didukung oleh                  3.555.575.600.
        operasional bisnis yang sehat dan manajemen risiko yang memadai.

                                                                                               Tugu Insurance split the nominal value of
    •   PT Bursa Efek Indonesia announced the transfer of the Listing Board for
        TUGU’s shares from the Development Board to the Main Board effective                   its shares (stock split) with a ratio of 1:2 or
        since 30 November 2022.                                                                from IDR100.00 (one hundred Rupiah) per
    •   Repeated the success to maintain its global level rating of Financial                  share to IDR50.00 (fifty Rupiah), so that
        Strength Rating A- (Excellent) and Long-Term Issuer Credit Rating of “a-”              the number of outstanding shares became
        (Excellent) from A.M. Best 7 (seven) consecutive years as a reflection of
                                                                                               3,555,575,600.
        a robust financial position (stable outlook), supported by sound business
        operations and adequate risk management.




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 Visi, Misi, dan Tata Nilai Budaya Perusahaan
 Vision, Mission, and Corporate Culture Value




                                           “Menjadi perusahaan asuransi umum
               VISI                        nomor satu di Indonesia.”
                                           To be the number one
                VISION                     general insurance company in Indonesia.




                                           • Menciptakan                                 • Creating customer
                                             kepuasan pelanggan.                           satisfaction.

                                           • Memberdayakan SDM menjadi                   • Empowering
                                             insan yang profesional.

             MISI
                                                                                           human resources to
                                                                                           become professional.
                                           • Mengoptimalkan
                                             nilai perusahaan                            • Optimizing company value in

            MISSIONS                         secara berkelanjutan.
                                           • Mengembangkan perusahaan
                                                                                           a sustainable manner.

                                                                                         • Developing the insurance
                                             asuransi menjadi kebanggaan                   company to become the
                                             bangsa Indonesia yang                         pride of Indonesia and a
                                             berkelas dunia.                               world-class company.




 Penjabaran Arti dari Misi
 Explanation of the Meaning of this Mission

 Menciptakan kepuasan pelanggan                                  Create customer satisfaction

 Pelayanan dengan operasional yang prima merupakan               Excellent operational service is the key to creating customer
 kunci untuk bisa menciptakan kepuasan pelanggan. Semua          satisfaction. All resources are mobilized and arranged to give
 sumber daya dikerahkan dan diatur untuk memberikan              the insured satisfaction.
 kepuasan tertanggung.

 Memberdayakan SDM menjadi insan yang                            Empowering our human resources to become
 profesional                                                     professional

 SDM kami yang merupakan ahli dalam bidangnya dan                Our human resources are highly skilled in their respective
 senantiasa bekerja sesuai dengan protokol dan peraturan         field, working according to the protocols and regulations of
 dalam bidang yang dijalaninya untuk memberikan hasil kerja      their respective field to produce excellent performance.
 yang terbaik.


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Mengoptimalkan nilai perusahaan secara                                          Optimizing company value in a sustainable manner
berkelanjutan

Pendirian Perusahaan pada intinya bertujuan meningkatkan                        The objective of establishment of the Company has
nilai Perseroan, yang sekaligus berarti meningkatkan                            always been to elevate the corporate values, which also
nilai yang diinvestasikan oleh para pemegang saham                              means increasing the values the shareholders have
(shareholders’ value) melalui penciptaan laba dan perluasan                     invested in through profit increase and the expansion of
aktivitas operasional.                                                          operational activities.

Mengembangkan perusahaan asuransi menjadi                                       Developing the insurance company to become the
kebanggaan bangsa Indonesia yang berkelas dunia                                 pride of Indonesia and a world-class company

Karakteristik utama Perusahaan yang berkelas dunia adalah:                      The ultimate characteristics of a world-class Company are:
• Kompeten, yaitu kemampuan beroperasi dengan standar                           • Competent, which is the capability of operating at a high
   yang tinggi dalam dinamika persaingan;                                          standard amidst the competition;
• Kemampuan untuk beradaptasi;                                                  • Ability to adapt;
• Budaya kualitas, yang mengutamakan                                            • Culture of quality that prioritizing the insured satisfaction;
   kepuasan tertanggung;                                                        • Culture of innovation;
• Budaya inovatif;                                                              • Culture of entrepreneurship.
• Budaya wirausaha.

Kami memiliki modal dasar untuk menjadi perusahaan kelas                        We have the potential to become a world-class company
dunia karena telah menerapkan Tata Kelola Perusahaan                            as the Company fully adheres to and implements Good
yang Baik dan mempunyai kemampuan finansial, keandalan                          Corporate Governance, and are supported by financial
sumber daya manusia, kemampuan penguasaan teknologi,                            capability, reliable human resources, mastery of technology,
dan jaringan usaha (network).                                                   and a wide-spread business network.



Budaya Perusahaan dan Tata Nilai Perusahaan
Corporate Culture Value
Kementerian Badan Usaha Milik Negara telah menerbitkan                          As part of the transformation of State-Owned Enterprises
Surat Edaran penerapan AKHLAK sebagai nilai-nilai utama                         (SOE) in the Human Resources aspect, the Ministry of
(core values) sebagai bagian dari transformasi perusahaan                       SOEs issued a Circular Letter on the implementation of
BUMN pada aspek Sumber Daya Manusia (SDM). Nilai-                               AKHLAK as core values, to be further implemented in SOEs,
nilai utama ini selanjutnya diterapkan di seluruh lingkup                       subsidiaries, and consolidated affiliated companies. As a
BUMN, termasuk anak perusahaan dan perusahaan afiliasi                          subsidiary of PT Pertamina (Persero), Tugu Insurance also
terkonsolidasi. Untuk itu, Tugu Insurance selaku anak usaha                     applies AKHLAK by adjusting the behavior of the 6C Values
dari PT Pertamina (Persero) turut menerapkan core values                        towards the implementation of the AKHLAK Principles.
AKHLAK dengan penyesuaian perilaku Tata Nilai 6C terhadap
penerapan Prinsip AKHLAK.

Tata nilai 6C yang dimiliki Perseroan dan revitalisasi yang                     The Company’s 6C values and the revitalization, which
dilakukan sejak tahun 2018 sudah menjadi bagian dan                             has been in effect since 2018, have become a part of the
panduan internal dalam melaksanakan aktivitas bekerja di                        Company’s internal guidelines in carrying out work activities.
Perseroan. Untuk terus beradaptasi terhadap prinsip-prinsip                     To continuously adapt to the principles of value that can be
nilai yang dapat diterapkan di Perseroan, maka tata nilai 6C                    applied in the Company, the 6C values are aligned with the
diselaraskan dengan core values AKHLAK, sehingga AKHLAK                         core values of AKHLAK. This way, AKHLAK can be positioned
dapat diposisikan sebagai panduan perilaku yang menjadi                         as a behavioral guide that becomes the navigation for Tugu
navigasi bagi Insan Tugu untuk terus bertransformasi                            Personnel to continue transforming by implementing it in
dengan penerapan secara sungguh-sungguh, konsisten,                             a serious, consistent, and consequent manner. This all
dan konsekuen, yang pada akhirnya menjadi identitas                             ultimately becomes an identity and cultural attachment that
dan perekat budaya yang mendukung peningkatan kinerja                           supports a constant performance improvement.
secara berkelanjutan.




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                      A                             K                              H
                      Amanah                        Kompeten                       Harmonis
                      Clean                         Capable                        Committed,
                      Memegang teguh                Terus belajar dan              Collaborative &
                      kepercayaan yang              mengembangkan                  Clean
                      diberikan                     kapabilitas
                                                                                   Saling peduli dan
                      Upholding the trust           Continuing to learn and        menghadapi perbedaan
                      that has been given           expand capabilities
                                                                                   Caring and respecting
                                                                                   differences




                      L                             A                              K
                      Loyal                         Adaptif                        Kolaboratif
                      Commited                      Creative &                     Collaborative
                      Berdedikasi dan               Customer                       Membangun kerjasama
                      mengutamakan                  Focused                        yang sinergis
                      kepentingan Bangsa
                                                    Terus berinovasi               Creating synergic
                      dan Negara
                                                    dan antusias dalam             cooperation
                      Dedicating and putting        menggerakkan ataupun
                      the Nation above              menghadapi perubahan
                      anything else
                                                    Continuing to innovate
                                                    and enthusiastic in
                                                    encouraging or facing
                                                    the changes




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Makna Logo Perusahaan
Meaning of the Company’s Logo

Sebagai bagian dari program transformasi Perseroan                                As part of the Company’s transformation program, with the
bernafaskan “Reaching New Heights“ atau yang                                      spirit of “Reaching New Heights” embodied in the spirit of
diejawantahkan dengan semangat #BeraniLebihBaik, yang                             #BeraniLebihBaik, a new spirit to improve performance and
merupakan spirit baru untuk meningkatkan performa dan                             provide better benefits for stakeholders, on 28 June 2018
memberikan benefit yang lebih baik bagi stakeholders, pada                        Tugu Insurance launched a new logo and tagline as follows:
28 Juni 2018 Tugu Insurance meluncurkan logo dan tagline:




                                                              Nama yang menunjukkan kinerja yang dapat diandalkan.
         Mencapai Titik                                       Salah satu kelebihan kami adalah kinerja kami yang kuat.
                                                              Hal ini adalah sesuatu yang kami kenakan dengan bangga.
         yang Lebih Tinggi
                                                              A name that represents reliable performance.
         Reaching New Heights                                 One of our strengths is our great performance,
                                                              this is something we hold with pride.




                                                                                                               Warna Logo
Warna Merah The Color Red                                                                                      Logo Colour
Melambangkan Tugu Insurance yang
                                                                                                               Warna biru tua memberi kesan
sudah berpengalaman, fundamentalnya
                                                                                                               matang dan berkualitas. Kami
kuat, keuletan, ketegasan serta
                                                                                                               memberikan stabilitas dan
keberanian dalam menghadapi berbagai
                                                                                                               pelayanan berkualitas untuk
kendala yang terjadi juga menghadapi
                                                                                                               menghadapi tantangan kehidupan.
kesempatan yang ada di depan mata.
                                                                                                               Deep blue represents stability and
Red represents Tugu Insurance’s
                                                                                                               quality. We provide stability and
experience, strong fundamentals,
                                                                                                               quality services to overcome life’s
tenacity, assertiveness, and courage in
                                                                                                               challenges.
facing various obstacles that occur as
well as facing the opportunities that lie
ahead.



Warna Biru The Color Blue
Mengartikan bahwa Tugu Insurance                     Gambar anak tangga                         Warna anak tangga
ekspertis, andal, dapat dipercaya dan
bertanggung jawab dalam menjalankan                  Staircase                                  Color of the steps
bisnisnya.                                           Anak tangga menggambarkan                  Penghormatan kepada sebuah awal mula.
Blue represents Tugu Insurance’s                     langkah yang harus diambil untuk           Warna-warna anak tangga merupakan sebuah tribut
expertise, reliability, trustworthiness,             mencapai tingkatan baru dengan             kepada Pertamina, karena Tugu Insurance sebagai
and responsibility in conducting its                 rencana cermat, tepat dan semangat         anak perusahaan dari perusahaan milik negara
businesses.                                          #BeraniLebihBaik.                          tersebut. Ketiga warna anak tangga tersebut, yaitu
                                                                                                merah, biru, dan hijau merupakan warna korporat
                                                     The staircase represents the               (corporate colour) dari PT Pertamina (Persero)
                                                     necessary steps we all must take to        selaku induk usaha Tugu Insurance.
Warna Hijau The Color Green                          reach new heights, with careful and
Melambangkan keberlanjutan atau                      precise planning and the spirit of         An homage to the beginning. The colors of the
sustainability dalam hal melaksanakan                #BeraniLebihBaik.                          stairs are a tribute to Pertamina, as Tugu Insurance
tata kelola perusahaan yang baik.                                                               is a subsidiary of this state-owned company. The
                                                                                                three colors of the stairs, red, blue, and green, are
Green represents sustainability                                                                 the corporate colors of PT Pertamina (Persero) as
in implementing good corporate                                                                  the parent company of Tugu Insurance.
governance.




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 Bidang Usaha
 Business Line


 Kegiatan Usaha Perusahaan
 Company Business Activities

 Maksud dan tujuan serta kegiatan usaha Tugu Insurance                          The purposes, objectives, and business activities of
 berdasarkan Anggaran Dasar Perseroan sebagaimana                               Tugu Insurance as stipulated in the Company’s Articles
 terakhir diubah berdasarkan Rapat Umum Pemegang Saham                          of Association, which were last amended by the General
 yang dituangkan dalam Akta No. 123 tanggal 28 April 2023,                      Meeting of Shareholders as outlined in Deed No.123
 Notaris Jose Dima Satria S.H., M.Kn., adalah melakukan                         dated 28 April 2023, passed before Jose Dima Satria S.H.,
 usaha di bidang Perasuransian yaitu Asuransi Umum,                             M.Kn., as the notary, is to conduct business activities in the
 yang meliputi:                                                                 Insurance sector, namely, General Insurance, which includes:
 1. Asuransi Non Jiwa Konvensional;                                             1. Conventional Non-Life Insurance;
 2. Asuransi Non Jiwa Syariah.                                                  2. Sharia Non-Life Insurance.

 Untuk melaksanakan kegiatan usaha tersebut, Tugu                               To carry out these business activities, Tugu Insurance holds
 Insurance telah memiliki izin-izin usaha sebagai berikut:                      the following business licenses:


             Nama Izin Usaha                                                              Keterangan
          Name of Business License                                                         Description
     Nomor Induk Berusaha (NIB)            Berdasarkan ketentuan Pasal 24 ayat (1) Peraturan Pemerintah Nomor 24 Tahun 2018 tentang Pelayanan
     Business Registration Number (NIB)    Perizinan Berusaha Terintegrasi Secara Elektronik, Lembaga OSS menerbitkan NIB dengan nomor NIB
                                           9120312071611 kepada PT Asuransi Tugu Pratama Indonesia Tbk pada tanggal 11 Oktober 2019 dengan
                                           perubahan terakhir pada tanggal 18 Maret 2022, dengan Kode dan Nama KBLI:

                                           Based on the provisions of Article 24 paragraph (1) of Government Regulation No. 24 of 2018
                                           concerning Electronically Integrated Business Licensing Services, the OSS Institution issues NIB number
                                           9120312071611 to PT Asuransi Tugu Pratama Indonesia Tbk on 11 October 2019 with the latest
                                           amendment on 18 March 2022, with KBLI Code and Name:


                                                           Kode KBLI                                          Nama KBLI
                                            No.
                                                           KBLI Code                                          KBLI Name
                                            1.     65121                         Asuransi Umum Konvensional
                                                                                 Conventional General Insurance
                                            2.     65122                         Asuransi Umum Syariah
                                                                                 Sharia General Insurance


     Izin Usaha di Bidang Asuransi         Pada saat pendirian, Perseroan telah mendapatkan izin usaha di bidang asuransi umum dari Departemen
     Umum                                  Keuangan Republik Indonesia melalui Direktorat Jenderal Moneter Dalam Negeri dengan Keputusan Direktur
     Business License in the General       Jenderal Moneter Dalam Negeri No. Kep-5572/MD/1981 tanggal 9 Desember 1981.
     Insurance Sector
                                           Izin usaha di bidang asuransi umum ini kemudian diperpanjang berdasarkan Keputusan Direktur Jenderal
                                           Moneter Dalam Negeri No. Kep-8014/MD/1986 tentang Perpanjangan Izin Usaha PT Tugu Pratama Indonesia
                                           (NPWP 1.302.218.1-21) untuk Berusaha dalam Bidang Asuransi Umum tertanggal 8 Desember 1986, dan
                                           terus berlaku sampai dengan diperlukan perubahan.

                                           Pada tahun 2018, status Perseroan berubah menjadi perusahaan terbuka dan nama Perseroan berganti
                                           dari PT Tugu Pratama Indonesia menjadi PT Asuransi Tugu Pratama Indonesia Tbk, sehingga diperlukan
                                           pembaruan izin usaha dari Otoritas Jasa Keuangan.

                                           Pembaruan izin usaha dikeluarkan Anggota Dewan Komisioner Otoritas Jasa Keuangan melalui Keputusan
                                           No. KEP-231/NB.11/2018 tanggal 19 Maret 2018 tentang Pemberlakuan Izin Usaha Di Bidang Asuransi
                                           Umum Sehubungan Perubahan Nama PT Tugu Pratama Indonesia menjadi PT Asuransi Tugu Pratama
                                           Indonesia Tbk.




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        Nama Izin Usaha                                                                  Keterangan
     Name of Business License                                                             Description
                                         At the time of establishment, the Company had obtained a general insurance business license from the
                                         Ministry of Finance of the Republic of Indonesia through the Directorate General of Domestic Monetary
                                         Affairs by Decree of the Directorate General of Domestic Monetary Affairs No. Kep-5572/MD/1981 dated 9
                                         December 1981.

                                         This general insurance business license was later extended based on the Decree of the Directorate General
                                         of Domestic Monetary Affairs No. Kep-8014/MD/1986 concerning the Extension of the Business License
                                         of PT Tugu Pratama Indonesia (NPWP 1.302.218.1-21) to conduct Business in General Insurance dated 8
                                         December 1986 and will continue to be valid until amendments are required.

                                         In 2018, the Company’s status changed to public company and the name of the Company changed from PT
                                         Tugu Pratama Indonesia to PT Asuransi Tugu Pratama Indonesia Tbk, so a renewal of the business license
                                         from the Financial Services Authority (OJK) was required.

                                         Renewal of business license is issued by the Board of Commissioners of the Financial Services Authority
                                         through Decree No. KEP-231/NB.11/2018 dated 19 March 2018, concerning the Enactment of a Business
                                         License in the General Insurance Sector in connection with the Change of Name of PT Tugu Pratama
                                         Indonesia to PT Asuransi Tugu Pratama Indonesia Tbk.
 Izin Pembukaan Kantor Cabang            Izin Pembukaan Kantor Cabang dengan Prinsip Syariah sebagaimana ditetapkan dalam Keputusan Menteri
 dengan Prinsip Syariah                  Keuangan tentang Pemberian Izin Pembukaan Kantor Cabang dengan Prinsip Syariah kepada PT Tugu Pratama
 License to Open Branch Office with      Indonesia No. KEP-I08/KM.5/2005 tertanggal 8 April 2005, berdasarkan Surat Rekomendasi No. U-044/
 Sharia Principles                       DSNMUI/III/2005 tanggal 20 Maret 2005 dari Dewan Syariah Nasional Majelis Ulama Indonesia.

                                         License to Open Branch Office with Sharia Principles as stipulated in the Decree of the Minister of Finance
                                         concerning the License to Open Branch Office with Sharia Principles to PT Tugu Pratama Indonesia No.
                                         KEP-I08/KM.5/2005 dated 8 April 2005, based on Letter of Recommendation No. U-044/DSNMUI/III/2005
                                         dated 20 March 2005 from the National Sharia Board of the Indonesia Ulema Council.




Kegiatan Usaha yang Dijalankan pada Tahun Buku
Business Activities Carried Out in the Fiscal Year
Kegiatan usaha yang dijalankan oleh Tugu Insurance pada                         Business activities carried out by Tugu Insurance in the fiscal
tahun buku berdasarkan izin usaha yang dimiliki dapat dilihat                   year based on the business licenses are as follows:
sebagai berikut:


                                                                     Telah (v)/
 Kegiatan Usaha Berdasarkan Anggaran Dasar                     Belum Dijalankan (x)                                Keterangan
 Business Activities Based on Articles of Association         Has been Conducted (v)/                               Description
                                                             Has Not Been Conducted (x)
 Asuransi Umum Konvensional                                                                    Dijalankan oleh Perseroan untuk segmen korporasi
 Conventional General Insurance                                                                dan ritel.
                                                                                               Conducted by the Company for corporate and retail
                                                                                               segments.
 Asuransi Umum Syariah                                                                         Dijalankan oleh Perseroan untuk segmen berbasis
 Sharia General Insurance                                                                      syariah melalui Fungsi Syariah (Group Syariah).
                                                                                               Conducted by the Company for sharia-based segment
                                                                                               through Sharia Function (Sharia Group).




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 Produk dan Jasa
 Products and Services




 Tugu Insurance terus melakukan terobosan dan inovasi               Tugu Insurance relentlessly makes breakthroughs and
 untuk memberikan layanan perlindungan terbaik melalui              innovations to provide the best protection services
 berbagai produk asuransi di segmen korporasi dan retail            through various products in corporate and retail segments
 (baik kovensional dan syariah) dan juga reasuransi. Dalam          (conventional and sharia) and reinsurance. In performing
 menjalankan kegiatan usaha, Tugu Insurance memiliki tim            its business activities, Tugu Insurance has an experienced
 yang berpengalaman dengan berbekal keahlian di bidangnya           expert team in their respective fields to develop the products
 masing-masing untuk mengembangkan produk & jasa                    & services provided.
 yang diberikan.



 Produk
 Products
 • Segmen Asuransi Korporasi;                                       • Corporate Insurance Segment;
 • Segmen Asuransi Retail.                                          • Retail Insurance Segment.




                                     ASURANSI KORPORASI CORPORATE INSURANCE



 Tugu Insurance memberikan jaminan perlindungan yang                Tugu Insurance provides insurance coverage for corporations
 ditujukan untuk korporasi (konvensional dan syariah) dengan        (conventional and sharia) with various insurance business
 beberapa lini bisnis asuransi sebagai berikut:                     line as follows:




                                    Energi Energy
                                    Onshore dan Offshore Onshore and Offshore

                                    Tugu Insurance hadir menawarkan produk asuransi energi yang memberikan jaminan
                                    perlindungan atas risiko yang mungkin terjadi di masa mendatang secara maksimal dan
                                    komprehensif. Asuransi energi memberi jaminan perlindungan seperti harta benda di darat,
                                    harta benda di lepas pantai, pengendalian sumur, hingga rangka kapal dan mesin.

                                    Tugu Insurance offers energy insurance products that provide the maximum and
                                    comprehensive protection for risks that may occur in the future. Energy Insurance provides
                                    insurance coverage such as onshore property, offshore property, well control, marine hull
                                    and machinery.




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Kebakaran & Harta Benda Fire & Property
Produk perlindungan kebakaran dan harta benda meliputi berbagai produk asuransi
yang memberikan jaminan atas risiko kerugian pada aset, bangunan dan keseluruhan isi
pada bangunan.

Fire and property insurance consist of various products that cover the risks for the assets,
buildings, and what is inside the building.




                                     Kelautan Marine
                                     Marine Cargo dan Marine Hull Marine Cargo and Marine Hull

                                     Tugu Insurance menawarkan perlindungan menyeluruh dalam setiap aktivitas perkapalan
                                     dari berbagai risiko yang akan timbul, mulai dari pembangunan kapal hingga kegiatan
                                     pengangkutan barang di laut.

                                     Tugu Insurance offers comprehensive protection for various risks that may arise during the
                                     shipbuilding and goods transport activities at sea.




Penerbangan & Satelit Satellite & Aviation
Memberikan perlindungan terhadap berbagai risiko yang dapat timbul dalam aktivitas
penerbangan dan peluncuran satelit.

Cover the risks that may arise in aviation activities and satellite launches.




                                     Rekayasa Engineering
                                     Produk Asuransi Rekayasa memberikan jaminan komprehensif terhadap seluruh kerugian
                                     yang berdampak pada terhambatnya proyek bangunan selama masa proyek atau konstruksi
                                     berlangsung, seperti proyek pemasangan mesin hingga beberapa kerusakan peralatan
                                     elektronik yang diakibatkan karena terjadinya kecelakaan.

                                     Engineering Insurance offers comprehensive coverage for all losses that result in delays
                                     during the construction project, such as machine installation projects or damage to electronic
                                     equipment due to accidents.




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 Kredit & Penjaminan Credit & Surety
 Asuransi Kredit & Penjaminan diberikan oleh Tugu Insurance untuk melindungi Tertanggung
 apabila terjadi hal-hal buruk sehingga tidak mampu membayar pinjaman yang dimiliki.
 Perlindungan ini memberikan jaminan agar Tertanggung tidak semakin dirugikan atas biaya-
 biaya yang ditimbulkan dari kemungkinan buruk tersebut.

 Credit & Surety insurance is provided by Tugu Insurance to protect the Insured if bad
 things happen so that they are unable to pay the loan they have. This protection provides
 a guarantee so that the Insured will not be further harmed by the costs resulting from this
 bad possibility.




                                    Kesehatan Health
                                    Tugu Insurance Health Insurance (THIS) adalah program asuransi kesehatan untuk komersial
                                    yang ditujukan kepada kumpulan/perusahaan bagi karyawannya.

                                    Tugu Insurance Health Insurance (THIS) is a commercial health insurance program
                                    addressed to groups/companies for their employees.




 Tanggung Gugat Liability
 Memberi pertanggungan asuransi tanggung gugat terhadap kerugian yang timbul dari klaim
 pihak ketiga yang menderita kerugian (cidera badan dan/atau kerusakan harta benda) yang
 diakibatkan oleh aktivitas tertanggung.

 Provides liability insurance coverage for losses arising from claims by third parties who suffer
 losses (bodily injury and/or property damage) resulting from the activities of the insured.




                                    Aneka Miscellaneous
                                    Memberikan perlindungan pada setiap kebutuhan pada beberapa hal jaminan risiko yang
                                    tidak terjamin dalam produk asuransi lainnya, seperti halnya terjadi tuntutan dari pihak
                                    ketiga, risiko kerugian finansial hingga risiko terjadinya kecelakaan.

                                    This insurance provides protection for subjects that are beyond the coverage of other
                                    insurances, such as an indictment from a third party, risks of financial loss, and risks
                                    of accidents.




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                                                ASURANSI RETAIL RETAIL INSURANCE



Menawarkan jaminan kerugian keuangan dan melindungi                             Offers financial loss coverage and protects various valuable
berbagai aset berharga, seperti rumah, kendaraan bermotor,                      assets, such as homes, motor vehicles and personal
serta keselamatan diri. Berikut adalah produk yang                              safety. The following are the products offered in the retail
ditawarkan di segmen asuransi retail:                                           insurance segment:




Asuransi Kendaraan Bermotor
Motor Vehicle Insurance




Produk asuransi dengan perlindungan                 Produk asuransi dengan pemberian                  Asuransi yang menanggung biaya
menyeluruh kendaraan bermotor roda                  ganti rugi terhadap risiko kehilangan             pengobatan medis & tradisional
empat yang memberikan ganti rugi                    atau kerusakan akibat kecelakaan                  untuk tulang retak dan patah
terhadap berbagai risiko kehilangan                 pada kendaraan bermotor roda dua.                 akibat kecelakaan.
serta kerusakan akibat kecelakaan.
                                                    Insurance product that provides                   Insurance that covers the costs of
Insurance product with comprehensive                compensation for the risk of loss                 medical and traditional treatment
protection for four-wheeled motorized               or damage due to accidents in two-                for cracked and broken bones due
vehicles that provides compensation                 wheeled motorized vehicles.                       to accidents.
for various risks of loss and damage
due to accidents.




                                     Asuransi yang menjamin ganti rugi kepada Tertanggung untuk pembayaran uang
                                     muka pembelian kendaraan bermotor akibat kerugian total pada kendaraan bermotor
                                     yang dipertanggungkan.

                                     Insurance guarantees compensation to the Insured for the down payment for the purchase of
                                     a motor vehicle due to the total loss of the insured motor vehicle.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023       79
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 Asuransi Harta Benda
 Property Insurance




 Asuransi yang memberikan proteksi terhadap rumah tinggal              Asuransi yang memberikan proteksi terhadap pemilik
 dari segala risiko, seperti kecelakaan, bencana alam,                 dan penyewa tempat usaha dari segala risiko, seperti
 tanggung jawab hukum, dan kebakaran.                                  kecelakaan, bencana alam, tanggung jawab hukum,
                                                                       dan kebakaran.
 Insurance that provides protection for the home from all
 risks, such as accidents, natural disasters, legal liability          Insurance that provides protection for owners and tenants of
 and fire.                                                             business premises from all risks, such as accidents, natural
                                                                       disasters, legal liability and fire.



     Asuransi Kesehatan
     Health Insurance




                                    Produk t foid memberikan santunan tunai harian kepada peserta sesuai yang tercantum
                                    pada Ikhtisar Polis, apabila selama periode asuransi, peserta terkena penyakit thypus yang
                                    memerlukan tindakan rawat inap di rumah sakit.

                                    The t foid product provides daily cash compensation to participants as stated in the Policy
                                    Summary, if during the insurance period, the participant is infected with typhus which
                                    requires hospitalization.




                                    Produk t dengue memberikan santunan tunai harian kepada peserta sesuai yang tercantum
                                    pada Ikhtisar Polis, apabila selama periode asuransi, peserta terkena penyakit demam
                                    berdarah dengue yang memerlukan tindakan rawat inap di rumah sakit.

                                    The t dengue product provides daily cash compensation to participants as stated in the Policy
                                    Summary, if during the insurance period, the participant is infected with dengue hemorrhagic
                                    fever which requires hospitalization in hospital.



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Asuransi Kecelakaan Diri
Personal Accident Insurance




Asuransi yang memberikan                            Asuransi yang memberikan                    Asuransi yang menanggung biaya
perlindungan dari kecelakaan ringan                 perlindungan bagi para penumpang            pengobatan medis & tradisional
maupun berat yang mengakibatkan                     pada saat melakukan perjalanan baik         untuk tulang retak dan patah
meninggal dunia.                                    di dalam maupun luar negeri.                akibat kecelakaan.

Insurance that provides protection from             Insurance that provides protection          Insurance that covers the costs of
minor or serious accidents that result              for passengers when travel both             medical and traditional treatment
in death.                                           domestically and abroad.                    for cracked and broken bones due
                                                                                                to accidents.




                                     Asuransi yang menjamin kematian, cacat tetap baik sebagian maupun keseluruhan, dan biaya
                                     pengobatan bagi para pemudik.

                                     Insurance that covers death, permanent disability, both partial and total, and medical costs
                                     for homecoming travelers.




Produk Lainnya
Other Products




                                     Perlindungan online yang komprehensif melindungi pelanggan Anda dari penipuan
                                     pembayaran elektronik, pencurian identitas, dan pembelian online yang barang hilang, hilang
                                     atau rusak melalui pos atau tidak terkirim.

                                     Comprehensive online protection that protects the customers from e-payment fraud, identity
                                     theft, and missing items, damage, or undelivered online purchases.



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          gas                                                             lube
 Produk Asuransi ini memberikan santunan kepada                      Produk t lube memberikan manfaat santunan jika
 Tertanggung atau ahli warisnya jika terjadi kerusakan pada          Tertanggung mengalami kecelakaan pada saat berkendara
 bangunan tempat tinggal Tertanggung, santunan meninggal             serta santunan jika kendaraan tertanggung mengalami
 dunia dan santunan biaya tempat tinggal sementara akibat            constructive total loss akibat kecelakaan.
 kebakaran, petir, ledakan, kejatuhan pesawat terbang, asap
 dari kebakaran bangunan (kecuali asap akibat kebakaran              The t lube product provides compensation benefits if
 hutan atau gambut).                                                 the Insured has an accident while driving as well as
                                                                     compensation if the insured's vehicle experiences a
 This insurance product provides compensation to the                 constructive total loss due to an accident.
 Insured or their heirs in the event of damage to the Insured's
 residential building, death compensation, and compensation
 for temporary housing costs due to fire, lightning, explosion,
 plane crash, smoke from building fires (except smoke
 resulting from forest fires or peat fire).




 JASA                                                                SERVICES

 Tugu Insurance juga berkomitmen untuk selalu                        Tugu Insurance is also committed to always prioritizing
 mengutamakan kepuasan pelanggan, dengan memberikan                  customer satisfaction, by providing accessible excellence
 pelayanan terbaik yang selalu bisa dijangkau oleh para              service to the customers such as:
 pelanggan seperti:

 1. Call TIA (Tugu Insurance Assistance)                             1. Call TIA (Tugu Insurance Assistance)
    Pelayanan Konsumen tersedia 24 jam 7 hari melalui “Call             Customer Service is available 24/7 via “Call TIA”
    TIA” 1500 458, WhatsApp 081197900100 dan email ke                   1500458, WhatsApp 081197900100 and email to
    calltia@tugu.com. Call TIA selalu terjaga untuk melayani            calltia@tugu.com. Call TIA is always ready to serve
    kebutuhan informasi produk, layanan polis asuransi,                 customers with product information, insurance policy
    lapor klaim, hingga bantuan darurat di jalan raya.                  services, claim reports, to emergency assistance on
                                                                        the road.

 2. t rex (Tugu Real Experience)                                     2. t rex (Tugu Real Experience)
    Layanan bantuan 24 jam yang dilengkapi dengan tiga                  24-hour service assistance equipped with three types of
    jenis armada yaitu unit kendaraan derek, unit kendaraan             fleets, namely crane units, towing units, and motorcycles.
    towing dan sepeda motor. Tugu Insurance memberikan                  Tugu Insurance provides the first emergency response,
    penanganan darurat pertama, dimulai dari kejadian                   starting from a leaky tire, battery jumper, to unexpected
    ban bocor, jumper aki, hingga kejadian yang tak terduga             incidents such as road accidents.
    seperti kecelakaan di jalan raya.



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3. Aplikasi t drive                                                             3. t drive Application
   Untuk meningkatkan kesadaran mengemudi kendaraan                                To increase awareness of safety-driving behavior,
   secara aman, Tugu Insurance meluncurkan aplikasi t                              Tugu Insurance has launched t drive application. This
   drive. Aplikasi ini dapat diunduh via smartphone oleh                           application can be downloaded on a smartphone via
   masyarakat luas melalui Google Play untuk Android                               Google Play for the Android platform and the Apple App
   platform dan Apple App Store.                                                   Store.

    Peluncuran aplikasi t drive merupakan salah satu                               The launch of the t drive application is one of Tugu
    upaya Tugu Insurance untuk hadir memenuhi kebutuhan                            Insurance’s efforts to meet the needs of society in
    masyarakat di era digital. Selain membantu untuk                               the digital era. Apart from helping to analyze driver
    menganalisis perilaku maupun keterampilan pengemudi,                           behavior and skills, the t drive application also provide
    aplikasi t drive akan memudahkan pelanggan dalam                               convenience to the customer on making premium
    pembayaran premi dan pengajuan klaim.                                          payment and claims submission.

    Kini, aplikasi safety driving t drive sudah berkembang                         Now, the t drive safety driving apps have been developed
    menjadi versi 2.7.9, yang menjadi one stop solution                            into version 2.7.9, which become a one stop solution
    services. Konsumen bisa menghubungi contact center                             service. Consumers can contact the Tugu Insurance
    Tugu Insurance 24 jam dan juga mendapatkan layanan                             24-hour contact center and get ERA services if they are
    ERA bila kendaraan mereka mengalami masalah.                                   having problem with their vehicles.
    • Fitur Competition                                                            • Competition Feature
        Pada versi terbaru, konsumen dapat menggunakan                                 In the latest version, consumers can use the
        fitur kompetisi untuk mengukur cara berkendara                                 competition feature to measure how to ride for
        untuk #BeraniLebihBaik. Konsumen yang                                          #BeraniLebihBaik. Consumers who have an
        memiliki komunitas otomotif dapat mendaftarkan                                 automotive community can register their community
        komunitasnya untuk mengikuti kompetisi, dan                                    to participate in the competition and receive
        mendapatkan hadiah menarik.                                                    attractive rewards.
    • Fitur Beli Polis                                                             • Purchase Policy Feature
        Saat ini, konsumen dapat langsung melakukan                                    Currently, consumers can directly purchase and t
        pembelian produk asuransi kendaraan bermotor roda                              drive for four-wheeled motorized vehicle and t ride
        empat t drive dan asuransi kendaraan bermotor roda                             for two-wheeled motorized vehicle insurance. Active
        dua t ride. Pengguna aktif t drive apps akan diberikan                         users of t drive apps will be rewarded t coins with
        reward berupa t coins yang besarnya didasarkan pada                            the amount based on the trip assessment score. The
        skor penilaian perjalanan. t coins yang dikumpulkan,                           accumulated t coins can be used as a discount for
        dapat dijadikan diskon untuk pembelian produk                                  purchasing insurance products of Tugu Insurance sold
        asuransi Tugu Insurance yang dijual melalui aplikasi                           through the t drive apps.
        t drive apps.

4. Aplikasi t friends                                                           4. t friends Application
   Untuk mempermudah tenaga pemasaran Tugu Insurance                               This app provides convenience for Tugu Insurance’s
   baik internal (marketing officer) maupun eksternal (agent                       marketing personnel, both internal (marketing officer)
   Tugu Insurance) dalam menjual produk Asuransi dari                              and external (Tugu Insurance agent) to sell insurance
   Tugu Insurance. Aplikasi t friends dapat diunduh melalui                        products from Tugu Insurance. The t friends application
   Google Play untuk platform Android dan Apple App Store.                         can be downloaded via Google Play for the Android
   Aplikasi t friends memiliki fitur untuk:                                        platform and the Apple App Store. The t friends app has
                                                                                   features for:
    • Penjualan produk asuransi retail;                                            • Sales of retail insurance products;
    • Melihat penawaran dan polis yang sudah terjual;                              • Viewing offers and policies that have been sold;
    • Melihat laporan komisi.                                                      • Viewing commission reports.




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 Peta Wilayah Operasional
 Operational Areas




 Tugu Insurance beroperasi di Indonesia dan memiliki wilayah         Tugu Insurance operates in Indonesia and has overseas
 operasi di luar negeri dengan adanya Kantor Perwakilan di           operating areas with Representative Offices in Hong Kong,
 Hong Kong, dan London. Tugu Insurance berkantor pusat di            and London. Tugu Insurance is headquartered in DKI Jakarta
 DKI Jakarta dan mempunyai 31 Point of Sales and Services            and has 31 Point of Sales and Services (PoSS) in major
 (PoSS) di kota-kota besar dan titik strategis Indonesia, yaitu      cities and strategic points in Indonesia, namely in Surabaya,
 di Surabaya, Bandung, Semarang, Cirebon, Denpasar, Medan,           Bandung, Semarang, Cirebon, Denpasar, Medan, Palembang,
 Palembang, Lampung, Pekanbaru, Balikpapan, Makassar,                Lampung, Pekanbaru, Balikpapan, Makassar, Serpong, and
 Serpong, dan Group & Related Business.                              Group & Related Business.




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Point of Sales and Services (PoSS)

Regional 1                                                                      Regional 2

1. MEDAN POSS                        10. BEKASI POSS                            1. BANDUNG POSS                   9. MAKASSAR POSS
   Jl. Palang Merah No. 116              Ruko Emerald Summarecon                   Jl. BKR No. 19 A RT. 09/          Jl. Lamadukelleng Buntu
   Medan 20112                           Bekasi Blok UF 09,                        RW. 06 Kel. Cijagra,              No. 82 Mariso, Kunjung
   Telp: +62-61-457 7705,                RT. 005/RW. 011 Marga                     Kec. Lengkong Bandung             Mae, Makassar, Sulawesi
   +62-61-414 5411                       Mulya, Kota Bekasi 17113                  40254                             Selatan 90111
   Fax: 061 - 88817406                                                             Telp: 62-22-8732 8455,            Telp: 021-529-61777
                                     11. KARAWANG POSS                             62-22-7328 0955
2. PEKANBARU POSS                        Grand Taruma,                                                            10. PALU POSS
   Sudirman City Square, Ruko            Jl. Dharmawangsa II                    2. CIREBON POSS                       Jl. Towua, Kel. Tatura
   No. A-01 Jl. Jend. Sudirman,          Blok HW No. 29 RT. 015                    Cirebon Super Block Office         Selatan, Kec. Palu Selatan,
   Pekan Baru Riau 28111                 RW. 008, Kel. Sukamakmur,                 Park P10, Jl. Dr. Cipto            Kota Palu,
   Telp: 0761-865 6207,                  Kec. Telukjambe Timur,                    Mangunkusumo No. 26                Prov. Sulawesi Tengah
   0761-865 6631                         Karawang Barat 41361                      Cirebon 45131 Jawa Barat
                                                                                                                  11. BALIKPAPAN POSS
3. PALEMBANG POSS                    12. SERANG POSS                            3. SEMARANG POSS                      Komplek Pertokoan
   Kompleks Pertamina                    Jl. Jendral Sudirman No. 65,              Jl. M.T. Haryono No. 798 B         Balikpapan Super Block
   Kenten, Jl. AKBP Cek Agus             Sumur Pecung, Kec. Serang.                Semarang 50124,                    (BSB) Blok E No. 11 Jl.
   No. 12, 8 Ilir Ilir Timur             Kota Serang, Banten 42118                 Jawa Tengah                        Jend. Sudirman, Balikpapan
   Palembang 30114                                                                 Telp: 024-841-0677,                Kalimantan Timur
   Telp: +62-711-573 3633            13. PONDOK INDAH POSS                         024-841-0678                       Telp: 0542-721 9899
   +62-711-573 3376                      Jl. Radio Dalam Raya                                                         Fax: 0542-7219979
   Fax: 0711-5733771                     No. 34, Kebayoran Baru –               4. SOLO POSS
                                         Jakarta Selatan, Indonesia                Sentra Niaga Solo Baru         12. PONTIANAK POSS
4. LAMPUNG POSS                                                                    Komplek The Park Mall,             Komplek Perkantoran
   Jl. Jend. Sudirman No.            14. BOGOR POSS                                Jl. Soekarno Blok A No. 5A         Pontianak Mall
   23 C-D Bandar Lampung                 Ruko Casablanca,                          Solo Baru                          Jl. Teuku Umar Blok C-25
   35111                                 Jl. KS Tubun No. 1- 6                                                        Telp: 0561 - 8185-627
   Telp: 0721-601 1311                   Cibuluh, Kec. Bogor Utara,             5. YOGYAKARTA POSS
                                         Kota Bogor – Jawa Barat                   Jl. Affandi No. 29 C1 RT. 12   13. SAMARINDA POSS
5. GROUP & RELATED POSS                  16151                                     RW. 5, Mrican, Caturtunggal,       Komplek Ruko Grand
   Jl. H.R. Rasuna Said Kav                                                        Depok, Sleman, Yogyakarta          Mahakam Jl. Siradj Salman
   C8-9 Jakarta 12920                15. JAMBI POSS                                                                   Samarinda, Kecamatan
                                         Komplek Ruko Transmart                 6. SURABAYA POSS                      Samarinda Ulu, Kota
6. WISMA TUGU I POSS                     Jambi Blok A 20,                          Wisma Tugu Darmo Jl. Raya          Samarinda, Kalimantan
   Jl. H.R. Rasuna Said Kav              Jl. Jend. Sudirman, Kel.                  Darmo No. 64 Surabaya,             Timur 75243
   C8-9 Jakarta 12920                    Tambak Sari, Kec. Jambi                   Jawa Timur 60264                   Telp: 0541 7810179
                                         Selatan, Kota Jambi 36139                 Telp: 031-566-4470
7. KELAPA GADING POSS                    Telp: 0741-3603-724                       Fax: 031-5664471               14. BANJARMASIN POSS
   Ruko Italian Walk Blok C No.                                                                                       Jl. Gatot Subroto Raya
   09, Jl. Boulevard Barat Raya      16. PADANG POSS                            7. MALANG POSS                        No. 113, Kelurahan
   No. 1, Kelapa Gading Barat            Jl. Kis Mangunsarkoro No. 3               Ruko Sarangan                      Kebun Bunga, Kecamatan
                                         Kel. Jati Baru Kec. Padang                Jl. Sarangan 1E, Lowokwaru         Banjarmasin Timur, Kota
8. CIBUBUR POSS                          Timur, Kota Padang                        Malang 65141                       Banjarmasin, Kalimantan
   Mall Cibubur Junction Jl.             Telp: 0751-8957288                        Telp: 0341-43877377                Selatan 70235
   Jambore No. 1, RT. 8/RW.                                                                                           Telp: 0511-678-2954
   7, Cibubur, Kec. Ciracas,         17. ACEH POSS                              8. DENPASAR POSS
   Kota Jakarta Timur, Daerah            Jl. DR. Mr. H. T. Muhammad                Jl. Gatot Subroto No. 335,
   Khusus Ibukota Jakarta                Hasan, Gampong,                           Denpasar Bali 80111
   13720 No. Unit: LT2 - 55              Sukadamai, Kec. Lueng                     Telp: 0361-909-3160
                                         Bata, Kota Banda Aceh
9. SERPONG POSS x
   CILEGON POSS
   Ruko Bolsena Blok A 33,
   Jl. Gading Serpong
   Boulevard No. 33,
   Kabupaten Tangerang,
   Banten 15811

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 Kantor Perwakilan
 Representative Offices




             Hong Kong                                    London

         Tugu Insurance Company Limited             TRB Limited
         28/F United Asia Finance Centre            Chase End, Cobbins Chase,
         333 Lockhart Road, Wanchai,                Burnham on Crouch,
         Hong Kong                                  Essex CM0 8QF, England

         Telp: +852 282 42939                       Telp: +441 621 784 818
         Fax: +852 282 43070




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Keanggotaan dalam Asosiasi
Membership in Associations




Tugu Insurance mengikuti keanggotaan asosiasi sesuai                               Tugu Insurance partakes in association membership in
dengan bidang usaha perusahaan dan statusnya sebagai                               corresponding with the Company’s line of business and its
perusahaan terbuka. Asosiasi/perhimpunan yang diikuti                              status as a public company. The associations in which the
Perseroan selama tahun 2023 adalah sebagai berikut:                                Company took part throughout 2023 are as follows:


                                                Nama Asosiasi                                                Status (Anggota/Pengurus)
 No.
                                              Name of Association                                            Status (Member/Management)
    1      Asosiasi Asuransi Umum Indonesia (AAUI)                                                                   Anggota & Pengurus
           Indonesian General Insurance Association (AAUI)                                                          Member & Management
    2      Asosiasi Asuransi Syariah Indonesia (AASI)                                                                Anggota & Pengurus
           Indonesian Sharia Insurance Association (AASI)                                                           Member & Management
    3      Dewan Asuransi Indonesia (DAI)                                                                            Anggota & Pengurus
           Indonesian Insurance Council (DAI)                                                                       Member & Management
    4      Asosiasi Emiten Indonesia (AEI)                                                                                Anggota
           Indonesian Public Listed Companies Association (AEI)                                                           Member
    5      Kamar Dagang & Industri Indonesia (KADIN)                                                                      Anggota
           Indonesian Chamber of Commerce and Industry (KADIN)                                                            Member
    6      Indonesia Corporate Secretary Association (ICSA)                                                               Anggota
                                                                                                                          Member
    7      Indonesia Senior Executive Association (ISEA)                                                        Corporate Strategic Partner
    8      PERHUMAS (Perhimpunan Hubungan Masyarakat Indonesia)                                                           Anggota
           PERHUMAS (Indonesian Public Relations Association)                                                             Member
    9      PR Society Communication Management                                                                       Anggota & Pengurus
                                                                                                                    Member & Management




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          Performance Review           Management Report               Company Profile           Management Discussion and Analysis




 Struktur Organisasi Tugu Insurance
 Tugu Insurance Organizational Structure




 Struktur Organisasi Tugu Insurance berdasarkan SK Direksi No. 169/
 SKD/04/HCM-OPR/ATPI/2023 tanggal 18 Desember 2023 tentang
 Penempatan/Penugasan Pekerja pada Struktur Organisasi PT Asuransi                                         Internal Audit Group Head
 Tugu Pratama Indonesia Tbk.
                                                                                                              Resti Setia Utari
 Tugu Insurance’s Organization Structure is based on the Board of
 Directors Decision Letter No. 169/SKD/04/HCM-OPR/ATPI/2023
 dated 18 December 2023 regarding the Organizational Structure of
 PT Asuransi Tugu Pratama Indonesia Tbk.

                                                                                            Direktur Pemasaran Asuransi
                                                                                           Director of Insurance Marketing

                                                                                                 Ery Widiatmoko




         SVP Strategic Management &
                                                                                                                 SVP Marketing
           Corporate Development
                                                                                                               Ibrahim Jauhari
             Kristy Damayanti




            Strategic Management                            Strategic Business I                                Broker Business
                  Group Head                                    Group Head                                        Group Head

                    Vacant                                   Agung Hirawan                                      Alma Fatrizal


                                                            Strategic Business II                            Business Development
                                                                 Group Head                                       Group Head

                                                           Rully Hendra Wijaya                           Jonathan David Nandana


                                                            Strategic Business III                            Sales & Distribution
                                                                 Group Head                                       Group Head

                                                       Carolina Ledy Babbyana                                   Derry Tantawi


                                                                                                                Sharia Insurance
                                                                                                                  Group Head

                                                                                                               Natalia Maulina


                                                                                                               Premium Collection
                                                                                                                Department Head

                                                                                                              Yudi Bujagunasti




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           Presiden Direktur
           President Director

        Tatang Nurhidayat




                                                              Corporate Secretary

                                                        Rudy Samudra Kristianto




                                                                                                                     Direktur Kepatuhan &
                                                    Direktur Keuangan & Layanan Korporat
            Direktur Teknik                                                                                           Manajemen Risiko
                                                        Director of Corporate Finance &
           Technical Director                                                                                       Director of Compliance &
                                                                    Services
                                                                                                                        Risk Management
               Sudarlin                                          Emil Hakim
                                                                                                                    Edi Yoga Prasetyo*




                                             Information Technology &                     Investment &                              ERM &
      Operation Group Head
                                               Facilities Group Head                  Treasury Group Head                     Policy Group Head
       Citra Pusparini
                                         Achmad Taufik Firdaus                            Edwar (Plt)                             Ismawati


                                         Human Capital Management                     Financial Accounting                   Legal & Compliance
        Claim Group Head
                                                Group Head                                Group Head                             Group Head
    Ruswan Noviandi J.S.
                                               Jusman Hutama                      Andy Prasetyo Wibowo                              Vacant


    Underwriting I Group Head                    Sharia Finance                    Management Accounting                  Research, Development &
                                                Department Head                         Group Head                       Transformation Group Head
        Tony Yuliawan
          Ariefianto                                 Solihin                                 Basuni                      Rachmat Hidayat (Pjs)


                                                  Procurement
 Underwriting II Group Head                                                                                                         Actuary
                                                Department Head
     Rendy Andrias (Pjs)                                                                                                       M. Ivan Faizal
                                         Budi Adinugraha (Plt)



    Reinsurance Group Head
                                               * Lulus penilaian Kemampuan dan Kepatutan OJK berdasarkan Keputusan OJK No. KEP-5/D.05/2024
             Vacant                               tanggal 18 Januari 2024.

                                               * Passed the OJK Fit and Proper Test based on OJK Decree No. KEP-5/D.05/2024 dated 18 January 2024.




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         Performance Review             Management Report                 Company Profile              Management Discussion and Analysis




 Profil Dewan Komisaris
 Board of Commissioners’ Profiles




 Perubahan dalam Komposisi Dewan Komisaris
 Changes in the Board of Commissioners

 Di tahun 2023, Perseroan mengalami perubahan komposisi                      In 2023, there were changes in the composition of
 Dewan Komisaris berdasarkan Keputusan Rapat Umum                            the Company's Board of Commissioners based on the
 Pemegang Saham Tahunan (RUPST) tanggal 28 April 2023                        Resolution of Annual General Meeting of Shareholders
 sebagai berikut:                                                            (AGMS) on 28 April 2023:


                                     Jabatan pada Periode           Jabatan sejak RUPST
                                       1 Januari 2023 s.d.          28 April 2023 s.d. 31
                  Nama                RUPST 28 April 2023             Desember 2023                              Keterangan
                  Name               Position in the Period 1        Position from AGMS                           Remarks
                                    January 2023 until AGMS         28 April 2023 until 31
                                          28 April 2023                December 2023
     Dian Masyita               Presiden Komisaris &            Presiden Komisaris &          -
                                Komisaris Independen            Komisaris Independen
                                President Commissioner &        President Commissioner &
                                Independent Commissioner        Independent Commissioner
     Amelia Kurniawan           Komisaris                       -                             Tidak lagi menjabat sebagai Komisaris sejak
                                Commissioner                                                  ditutupnya RUPST 28 April 2023.
                                                                                              No longer serves as Commissioner since the closing
                                                                                              of the AGMS on 28 April 2023.
     Bagus Agung Rahadiansyah   Komisaris                       Komisaris                     -
                                Commissioner                    Commissioner
     Adi Zakaria Afiff          Komisaris Independen            -                             Tidak lagi menjabat sebagai Komisaris Independen
                                Independent Commissioner                                      sejak ditutupnya RUPST 28 April 2023.
                                                                                              No longer serves as Independent Commissioner since
                                                                                              the closing of the AGMS on 28 April 2023.
     Samuel Lie                 -                               Komisaris                     Diangkat sebagai Komisaris berdasarkan keputusan
     (Samuel Ramna)                                             Commissioner                  RUPST 28 April 2023. Beliau telah lulus penilaian
                                                                                              Kemampuan dan Kepatutan Otoritas Jasa Keuangan
                                                                                              (OJK) berdasarkan Keputusan Dewan Komisioner
                                                                                              Nomor KEP-41/KDk.05/2023 tanggal 4 Desember
                                                                                              2023.
                                                                                              Appointed as Commissioner based on the resolution
                                                                                              of the AGMS 28 April 2023. He has passed the
                                                                                              Fit and Proper Test of the Financial Services
                                                                                              Authority (OJK) based on the Decree of the Board of
                                                                                              Commissioners Number KEP-41/KDk.05/2023 dated
                                                                                              4 December 2023.
     Poerwo Tjahjono            Komisaris Independen            Komisaris Independen          -
                                Independent Commissioner        Independent Commissioner




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                                      Jabatan pada Periode        Jabatan sejak RUPST
                                        1 Januari 2023 s.d.       28 April 2023 s.d. 31
             Nama                      RUPST 28 April 2023          Desember 2023                               Keterangan
             Name                     Position in the Period 1     Position from AGMS                            Remarks
                                     January 2023 until AGMS      28 April 2023 until 31
                                           28 April 2023             December 2023
 Tajudin Noor                    -                               Komisaris Independen        Diangkat sebagai Komisaris Independen berdasarkan
                                                                 Independent Commissioner    keputusan RUPST 28 April 2023. Beliau telah lulus
                                                                                             penilaian Kemampuan dan Kepatutan Otoritas Jasa
                                                                                             Keuangan (OJK) berdasarkan Keputusan Dewan
                                                                                             Komisioner Nomor KEP-6/D.05/2024 tanggal 18
                                                                                             Januari 2024.
                                                                                             Appointed as Commissioner based on the resolution
                                                                                             of the AGMS 28 April 2023. He has passed the
                                                                                             Fit and Proper Test of the Financial Services
                                                                                             Authority (OJK) based on the Decree of the Board of
                                                                                             Commissioners Number KEP-6/D.05/2024 dated 18
                                                                                             January 2024.


Berdasarkan perubahan komposisi tersebut, anggota                               Based on the last changes in the composition, the
Dewan Komisaris Perseroan per 31 Desember 2023 adalah                           Company’s Board of Commissioners members as of 31
sebagai berikut:                                                                December 2023 is as follows:


                       Nama                                                                     Jabatan
                       Name                                                                     Position
 Dian Masyita                                           Presiden Komisaris & Komisaris Independen
                                                        President Commissioner & Independent Commissioner
 Bagus Agung Rahadiansyah                               Komisaris
                                                        Commissioner
 Samuel Lie (Samuel Ramna)                              Komisaris
                                                        Commissioner
 Poerwo Tjahjono                                        Komisaris Independen
                                                        Independent Commissioner
 Tajudin Noor                                           Komisaris Independen
                                                        Independent Commissioner




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                                                                                   Dian Masyita
                                                                                         Presiden Komisaris &
                                                                                         Komisaris Independen
                                                                                        President Commissioner &
                                                                                       Independent Commissioner




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Periode Masa Jabatan: 17 Mei 2022 s.d. Penutupan RUPST 2025.
Term of Office Period: 17 May 2022 until the Closing of 2025 AGMS.


Warga Negara Indonesia, kelahiran Bukittinggi (usia 48 tahun),                  Indonesian citizen, born in Bukittinggi (48 years old), domiciled in
berdomisili di Depok, Jawa Barat.                                               Depok, West Java.

Diangkat sebagai Presiden Komisaris dan Komisaris Independen                    Appointed as President Commissioner and Independent
sesuai keputusan RUPST tanggal 17 Mei 2022 yang dituangkan                      Commissioner for the first term based on the Resolution of the
dalam Akta Notaris No. 51 tanggal 17 Mei 2022, Notaris Jose Dima                AGMS dated 17 May 2022 as outlined in the Notary Deed No. 51
Satria S.H., M.Kn. Beliau telah lulus penilaian Kemampuan dan                   on 17 May 2022, Notary Jose Dima Satria S.H., M.Kn. She has
Kepatutan OJK berdasarkan Keputusan Dewan Komisioner No. Kep-                   passed the OJK Fit and Proper Assessment based on the Decree
47/KDK.05/2022 tanggal 11 Oktober 2022.                                         of the Commissioner Board No. Kep- 47/KDK.05/2022 dated 11
                                                                                October 2022.

Dian Masyita lulus dari Universitas Padjajaran dengan gelar Sarjana             Dian Masyita graduated from Padjajaran University with a Bachelor
Ekonomi di bidang Manajemen Keuangan pada tahun 1997 dan                        of Economics in Financial Management in 1997 and a Master
gelar Master Teknik dari program Teknik Manajemen Industri dari                 of Engineering degree from Industrial Management Engineering
Institut Teknologi Bandung (ITB) pada tahun 2001. Selain itu,                   program from Bandung Institute of Technology (ITB) in 2001.
Dian Masyita meraih gelar Postgraduate Diploma in Finance dari                  Additionally, Dian Masyita obtained a Postgraduate Diploma in
Maastricht School of Management (MsM) Netherlands pada tahun                    Finance from Maastricht School of Management (MsM) Netherlands
2007 dan meraih gelar Ph.D. dalam ilmu Islamic Banking & Finance                in 2007 and a Ph.D. in Islamic Banking & Finance from the
dari University of Durham, UK pada tahun 2012.                                  University of Durham, UK in 2012.

Dian Masyita mendapat sertifikat Digital Leadership, Executive                  Dian Masyita received a certificate in Digital Leadership, Executive
Education Program dari Massachussetts Institute of Technology                   Education Program from Massachusetts Institute of Technology
(MIT), USA tahun 2022. Beliau juga memiliki kompetensi manajemen                (MIT), USA in 2022. She also has competency in risk management
risiko dengan kualifikasi Profesional Tata Kelola Risiko Berkualifikasi         with the Qualified Risk Governance Professional (QRGP) qualification
(Qualified Risk Governance Professional (QRGP)) yang diterbitkan oleh           issued by the National Professional Certification Agency (BNSP).
Badan Nasional Sertifikasi Profesi (BNSP).

Dian ditunjuk sebagai Panitia Seleksi Dewan Komisioner OJK                      Dian was appointed as the Selection Committee of OJK's Board
tahun 2023 dengan SK Presiden RI. Beliau juga pernah menjabat                   of Commissioners in 2023 based on Presidential Decree. She
sebagai Project Manager Waqf Core Principles di Bank Indonesia                  also served as Project Manager of Waqf Core Principles at Bank
pada tahun 2014 hingga 2018. Dian merupakan Asesor di BAN-PT                    Indonesia from 2014 to 2018. Dian is an Assessor at National
Kemenristekdikti dari tahun 2014 dan Reviewer Beasiswa LPDP                     Accreditation Agency for Higher Education of Ministry of Research,
Kementerian Keuangan dari tahun 2015 sampai sekarang. Beliau                    Technology and Higher Education from 2014 and LPDP Scholarship
juga menjabat sebagai anggota Dewan Pakar Rumah Zakat dari                      Reviewer at the Ministry of Finance from 2015 until present. She is
tahun 2019 dan anggota BWI angkatan pertama di tahun 2007.                      also a member of the Expert Council of Rumah Zakat from 2019 and
                                                                                a member of the first batch of BWI in 2007.

Di tahun 2019, Dian Masyita mencapai jabatan Profesor Keuangan                  In 2019, Dian Masyita achieved the position of Professor of Finance
di Universitas Padjajaran dan diamanahi menjadi Dekan dari                      at Padjadjaran University and was entrusted to be the Dean of the
Fakultas Ekonomi dan Bisnis (FEB) di Universitas Islam Internasional            Faculty of Economics and Business (FEB) at the International Islamic
Indonesia (UIII), kampus PTNBH baru yang merupakan Proyek                       University of Indonesia (UIII), the new PTNBH campus, which is a
Strategis Nasional (PSN) di tahun 2020. Dian Masyita aktif                      National Strategic Project (PSN) in 2020. Dian Masyita has been
di organisasi profesi seperti MES, IAEI, ISEI dan AFEBI sejak                   active in professional organizations such as MES, IAEI, ISEI, and
tahun 2013.                                                                     AFEBI since 2013.

Beliau mempunyai pengalaman yang matang di bidang bisnis dan                    She has an established experience in business and finance as well
keuangan serta telah meraih berbagai penghargaan, di antaranya                  as has won various awards, including The Top 5 Most Influential
The Top 5 Most Influential Women in Islamic Finance & Business                  Women in Islamic Finance & Business awarded by Cambridge IFA -
yang dianugerahi oleh Cambridge IFA - UK di tahun 2020, The Best                the UK in 2020, The Best Professional awarded by Obsession Media
Professional yang dianugerahi oleh Obsession Media Group di tahun               Group in 2020, and The Best Sharia 2018 awarded by Investor
2020, dan The Best Syariah 2018 yang dianugerahi oleh Majalah                   Magazine - Indonesia. Various academic awards achieved are the
Investor - Indonesia. Berbagai academic awards yang diraih adalah               Kedaireka Matching Fund from Ministry of Research, Technology and
Matching Fund Kedaireka, Kemendikbudristekdikti tahun 2022,                     Higher Education in 2022, Grant from Bank Indonesia Supervision
Hibah Badan Supervisi Bank Indonesia tahun 2022, Australian                     Agency in 2022, Australian Award Short Course in 2022, and
Award Short Course tahun 2022, dan Research Grant Bank                          Research Grant Bank Indonesia in 2021.
Indonesia tahun 2021.




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                                                                                  Bagus Agung
                                                                                  Rahadiansyah
                                                                                                         Komisaris
                                                                                                      Commissioner




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Periode Masa Jabatan: 17 Mei 2022 s.d. Penutupan RUPST 2025.
Term of Office Period: 17 May 2022 until the Closing of 2025 AGMS.



Warga negara Indonesia, kelahiran Jakarta (usia 48 tahun),                      Indonesian citizen, born in Jakarta (48 years old), domiciled
berdomisili di Jakarta Selatan.                                                 in South Jakarta.

Diangkat sebagai Komisaris Perseroan untuk periode masa                         Appointed as Commissioner of the Company for the first
jabatan pertama berdasarkan keputusan RUPST tanggal                             term based on the Resolution of the AGMS dated 17
17 Mei 2022 yang dituangkan dalam Akta Notaris No. 51                           May 2022 as outlined in the Notary Deed No. 51 on 17
tanggal 17 Mei 2022, Notaris Jose Dima Satria S.H., M.Kn.                       May 2022, Notary Jose Dima Satria S.H., M.Kn. He has
Beliau telah lulus penilaian Kemampuan dan Kepatutan OJK                        passed the OJK Fit and Proper Test based on Board of
berdasarkan Keputusan Dewan Komisioner No. KEP-29/                              Commissioners Decree No. KEP-29/KDK.05/2023 dated 23
KDK.05/2023 tanggal 23 Juni 2023.                                               June 2023.

Bagus Agung Rahadiansyah memiliki beberapa sertifikat                           Bagus Agung Rahadiansyah has several risk management
kualifikasi kompetensi manajemen risiko yang diterbitkan                        competence certificates issued by the National Professional
oleh Badan Nasional Sertifikasi Profesi (BNSP) di antaranya:                    Certification Agency (BNSP) such as Qualified Risk
Profesional Tata Kelola Risiko Berkualifikasi (Qualified                        Governance Professional (QRGP), Banking Risk Management
Risk Governance Professional/QRGP), Manajemen Risiko                            Level 4, and Treasury Dealer Level Advance. He also has
Perbankan Level 4, dan Treasury Dealer Level Advance.                           an International Certificate in Banking Risk and Regulation
Beliau juga memiliki International Certificate in Banking Risk                  issued by the Global Association of Risk Professionals
and Regulation yang dikeluarkan oleh Global Association of                      (GARP) and BSMR.
Risk Professionals (GARP) dan BSMR.

Bagus Agung Rahadiansyah lulus dan meraih gelar Sarjana                         Bagus Agung Rahadiansyah graduated and earned a
Ekonomi bidang Manajemen Keuangan dari Fakultas                                 Bachelor of Economics degree in Financial Management
Ekonomi Universitas Indonesia pada tahun 2001. Beliau juga                      from the Faculty of Economics, University of Indonesia in
memiliki gelar Diploma in Technical Analysis dari Australian                    2001. He also obtained a Diploma degree in Technical
Technical Analysts Association yang bekerja sama dengan                         Analysis from the Australian Technical Analysts Association
Securities Institute of Australia.                                              in cooperation with Securities Institute of Australia.

Beliau memiliki berbagai pengalaman yang kuat di bidang                         He has various excellent experiences in the financial sector,
keuangan dibuktikan dengan perjalanan karier yang baik di                       as proven by a good career path in several leading financial
beberapa lembaga keuangan dan perbankan terkemuka, di                           and banking institutions, such as has served as Trader at
antaranya pernah menjabat sebagai Trader di PT Danareksa                        PT Danareksa (Persero), AVP Institutional Sales at Hongkong
(Persero), AVP Institutional Sales di Hongkong and Shanghai                     and Shanghai Banking Corporation Limited Jakarta Branch
Banking Corporation Limited Jakarta Branch (2006-2008),                         (2006-2008), Head of Investor Sales at PT Bank ANZ
Head of Investor Sales di PT Bank ANZ Indonesia (2008-                          Indonesia (2008-2015), Head of Investor Sales, Citibank NA
2015), Head of Investor Sales di Citibank NA Jakarta branch                     Jakarta branch (2015-2019), Head of Investor Sales at PT
(2015-2019), dan Head of Investor Sales di PT Bank ANZ                          Bank ANZ Indonesia (2019-2020). Currently, he still actively
Indonesia (2019-2020). Saat ini beliau juga masih aktif                         serves as Senior Vice President Corporate Finance at the
menjabat sebagai Senior Vice President Corporate Finance                        Finance Directorate of PT Pertamina (Persero) since 2020.
di Direktorat Keuangan PT Pertamina (Persero) sejak
tahun 2020.

Selama karirnya, Bagus Agung Rahadiansyah aktif dalam                           During his career, Bagus Agung Rahadiansyah active
kepengurusan asosiasi profesional di industri seperti                           in the management of professional associations in
Indonesia Foreign Exchange Market Committee dan ACI FMA                         the industry such as the Indonesia Foreign Exchange
Indonesia. Beliau pernah terlibat aktif dalam berbagai task                     Market Committee and ACI FMA Indonesia. He has been
force maupun inisiatif bersama otoritas dan pemangku                            actively involved in various task forces and initiatives with
kepentingan industri keuangan seperti Otoritas Jasa                             financial industry authorities and stakeholders such as
Keuangan, Bank Indonesia serta Kementerian Keuangan                             the Financial Services Authority, Bank Indonesia and the
Republik Indonesia. Beliau juga pernah memperoleh                               Ministry of Finance of the Republic of Indonesia. He has
beberapa izin profesi industri keuangan dan pasar modal                         also obtained several professional permits for the financial
seperti Wakil Perantara Pedagang Efek, Wakil Penjamin Emisi                     industry and capital markets such as Securities Broker
Efek, serta Wakil Pialang Berjangka.                                            Representative, Underwriter Representative, and Futures
                                                                                Broker Representative.
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                                                                                     Tajudin Noor
                                                                                         Komisaris Independen
                                                                                       Independent Commissioner




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Periode Masa Jabatan: 28 April 2023 s.d. Penutupan RUPST 2026.
Term of Office Period: 28 April 2023 s.d. Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Balikpapan (usia 57                           Indonesian citizen, born in Balikpapan (57 years old),
tahun), berdomisili di Bogor, Jawa Barat.                                       domiciled in Bogor, West Java.

Menjabat sebagai Komisaris Independen untuk periode                             Served as Independent Commissioner for the first term of
masa jabatan pertama sesuai keputusan RUPST tanggal 28                          office in accordance with the AGMS decision on 28 April
April 2023 yang dituangkan dalam Akta No. 122 tanggal 28                        2023 as outlined in Deed No. 122 dated 28 April 2023 from
April 2023 dari Notaris Jose Dima Satria, S.H., M.Kn. Beliau                    Notary Jose Dima Satria, S.H., M.Kn. He has passed the
telah lulus penilaian Kemampuan dan Kepatutan Otoritas                          Financial Services Authority (OJK) Fit and Proper Test based
Jasa Keuangan (OJK) berdasarkan Keputusan Dewan                                 on the Decree of the Board of Commissioners No. KEP-
Komisioner No. KEP-6/D.05/2024 tanggal 18 Januari 2024.                         6/D.05/2024 dated 18 January 2024.

Beliau memperoleh gelar Sarjana Ekonomi Manajemen                               He obtained a Bachelor of Management Economics
dari Universitas Airlangga pada tahun 1992 dan Magister                         degree from Airlangga University in 1992 and a Masters
Manajemen dan Bisnis dari Institut Pertanian Bogor pada                         in Management and Business from the Bogor Agricultural
tahun 2015.                                                                     Institute in 2015.

Beliau memiliki berbagai sertifikasi, seperti Coaching the                      He has obtained various of certifications, such as Coaching
Culture Leader pada tahun 2000 yang diselenggarakan                             the Culture Leader in 2000 which was held by PT HRD
oleh PT HRD Indonesia, Penyelenggara Analisa Jabatan                            Indonesia, Organizing Job Analysis for Analysis based
untuk Analisis berdasarkan Hay Sistem pada 2003 yang                            on the Hay System in 2003 which was held by PT Bina
diselenggarakan PT Bina Kompetensia Pesona, Quallity                            Kompetensia Pesona, Quality Management System in
Management System pada 2015 yang diselenggarakan                                2015 which was held by PT BSI Group Indonesia, Global
PT BSI Group Indonesia, Global Executive Development                            Executive Development Program in 2016-2017 held by the
Programme pada tahun 2016-2017 yang diselenggarakan                             National University of Singapore, and ISO 31000:2018
National University of Singapore, dan Sertifikasi Manajemen                     based Risk Management Certification in 2023 held by Widya
Risiko berbasis ISO 31000:2018 pada tahun 2023 yang                             Dharma Artha.
diselenggarakan Widya Dharma Artha.

Beliau memulai kariernya di PT Pertamina (Persero) sejak                        He started his career at PT Pertamina (Persero) from 1993
tahun 1993 hingga 2015 dengan posisi terakhir sebagai                           to 2015 with his last position as Director of Business
Direktur Pendukung Bisnis, kemudian di PT Pertamina                             Support, then at PT Pertamina Geothermal Energy as Vice
Geothermal Energy sebagai Vice President Treasury pada                          President Treasury in 2015-2017, PT Pertamina Lubricants
tahun 2015-2017, PT Pertamina Lubricants sebagai Direktur                       as Director of Finance & Business Support in 2017-2018,
Finance & Business Support pada 2017-2018, PT Pertamina                         PT Pertamina Patra Niaga as Director of Administration &
Patra Niaga sebagai Direktur Administrasi & Keuangan pada                       Finance in 2018-2019. He also served as Commissioner
2018-2019. Beliau juga pernah menjabat sebagai Komisaris                        at PT Pertamina International Timor in 2018-2020,
di PT Pertamina International Timor pada 2018-2020,                             Commissioner at PT Pertamina International Shipping in
Komisaris di PT Pertamina International Shipping pada 2019-                     2019-2020. Furthermore, he also held several positions
2020. Selanjutnya, beliau juga kembali menjabat beberapa                        at PT Pertamina (Persero), including Corporate Secretary in
posisi di PT Pertamina (Persero), antara lain Corporate                         2019-2020, Senior Vice President Human Capital in 2020-
Secretary pada 2019-2020, Senior Vice President Human                           2022, and Senior Vice President Logistics Integration &
Capital pada tahun 2020-2022, dan Senior Vice President                         Optimization in 2022.
Logistics Integration & Optimization di tahun 2022.




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                                                                                  Samuel Lie
                                                                              (Samuel Ramna)
                                                                                                          Komisaris
                                                                                                       Commissioner




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Periode Masa Jabatan: 28 April 2023 s.d. Penutupan RUPST 2026.
Term of Office Period: 28 April 2023 s.d. Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Jakarta (usia 28 tahun),                      Indonesian citizen, born in Jakarta (28 years old), domiciled
berdomisili di Jakarta Utara.                                                   in North Jakarta.

Menjabat sebagai Komisaris untuk periode masa jabatan                           Served as Commissioner for the first term of office in
pertama sesuai keputusan RUPST tanggal 28 April 2023                            accordance with the AGMS decision on 28 April 2023, as
yang dituangkan dalam Akta No. 122 tanggal 28 April 2023                        outlined in Deed No. 122 dated 28 April 2023 from Notary
dari Notaris Jose Dima Satria, S.H., M.Kn. Beliau telah lulus                   Jose Dima Satria, S.H., M.Kn. He has passed the OJK Fit
penilaian Kemampuan dan Kepatutan OJK berdasarkan                               and Proper Test based on Board of Commissioners Decree
Keputusan Dewan Komisioner No. KEP-41/KDK.05/2023                               No. KEP-41/KDK.05/2023 dated 4 December 2023.
tanggal 4 Desember 2023.

Beliau memperoleh gelar Sarjana Ekonomi (cum laude) dari                        He obtained his Bachelor of Economics (cum laude) from
University of California, Berkeley pada tahun 2013, Magister                    the University of California, Berkeley in 2013, Master of
Ekonomi dari University of Southern California pada 2014,                       Economics from the University of Southern California in
dan Magister Sains, Ilmu Aktuari dari Columbia University                       2014, and Master of Science, Actuarial Science from
pada tahun 2016.                                                                Columbia University in 2016.

Beliau memiliki sertifikat di bidang manajemen risiko,                          He has obtained certificate in risk management, namely
yakni Quallified Risk Governance Professional (QRGP) yang                       Qualified Risk Governance Professional (QRGP) issued by the
diterbitkan oleh Lembaga Sertifikasi Profesi Mitra Kalyana                      Mitra Kalyana Sejahtera Professional Certification Institute
Sejahtera (LSP MKS) dan Badan Nasional Sertifikasi Profesi                      (LSP MKS) and the National Professional Certification Agency
(BNSP) pada tahun 2023.                                                         (BNSP) in 2023.

Beliau memulai kariernya di PT Nusantara Sugihartana                            He started his career at PT Nusantara Sugihartana
Internasional dengan menjabat berbagai posisi, di antaranya                     Internasional by holding various positions, including as an
sebagai Analis pada tahun 2016-2018, Associate pada tahun                       Analyst in 2016-2018, Associate in 2019-2021, and Vice
2019-2021, dan Vice President pada tahun 2022 hingga                            President from 2022 until now.
saat ini.




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                                                                               Poerwo Tjahjono
                                                                                           Komisaris Independen
                                                                                         Independent Commissioner




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Periode Masa Jabatan: 30 Juni 2020 s.d. Penutupan RUPST 2026.
Term of Office Period: 30 June 2020 until the Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Jakarta (usia 67 tahun),                      Indonesian citizen, born in Jakarta (67 years old), domiciled
berdomisili di Jakarta Selatan.                                                 in South Jakarta.

Menjabat sebagai Komisaris Independen Perseroan untuk                           Appointed as Independent Commissioner of the Company
periode masa jabatan pertama sesuai keputusan RUPST                             for the first term in accordance with the resolution of the
tanggal 30 Juni 2020 yang dituangkan dalam Akta No. 182                         AGMS on 30 June 2020 as outlined in Deed No. 182 dated
tanggal 30 Juni 2020 dari Notaris Notaris Jose Dima Satria                      30 June 2020 from Notary Jose Dima Satria S.H., M.Kn. He
S.H., M.Kn. Beliau telah lulus penilaian Kemampuan dan                          has passed the OJK Fit and Proper Assessment based on
Kepatutan OJK berdasarkan Keputusan Dewan Komisioner                            the Decree of the OJK Commissioner Board No. KEP-80/
OJK No. KEP-80/KDK.05/2020 tanggal 10 November 2020.                            KDK.05/2020 dated 10 November 2020.

Beliau memperoleh gelar Sarjana Ekonomi Akuntansi                               He obtained his Bachelor of Economics in Accounting from
dari Universitas Padjajaran, Bandung pada tahun 1984                            Padjajaran University, Bandung in 1984 and a Master of
dan Magister Manajemen dari Universitas Gadjah Mada,                            Management from Gadjah Mada University, Yogyakarta in
Yogyakarta pada tahun 1999.                                                     1999.

Poerwo Tjahjono memiliki sertifikat kompetensi manajemen                        Poerwo Tjahjono has a risk management competence
risiko dengan kualifikasi Manajemen Risiko Utama (Certified                     certificate with the qualification of a Qualified Risk
Risk Professional) yang diterbitkan oleh Badan Nasional                         Governance Professional (QRGP) issued by the National
Sertifikasi Profesi (BNSP). Selain itu beliau juga memiliki                     Professional Certification Agency (BNSP). Additionally, he
Chartered Accountant Indonesia (CA) sebagai kualifikasi                         also holds the Chartered Accountant Indonesia (CA) as a
akuntan profesional sesuai panduan standar internasional.                       professional accountant qualification in accordance with
                                                                                international standard guidelines.

Memulai kariernya di PT Pertamina (Persero) pada tahun                          He commenced his career at PT Pertamina (Persero) from
1986 hingga 2012 dengan jabatan terakhir sebagai Senior                         1986 to 2012 with his last position as Senior Vice President
Vice President Controller, kemudian dipercaya menjabat                          Controller and he was trusted to serve as Commissioner
sebagai Komisaris PT Pertamina Tongkang pada 2007-2011.                         of PT Pertamina Tongkang in 2007-2011. In 2011-2013,
Pada 2011-2013, beliau dipercaya menjadi Komisaris/                             he was entrusted to be the Commissioner/Non Executive
Non-Executive Director Pertamina Energy Trading Limited                         Director of Pertamina Energy Trading Limited and President
dan Komisaris Utama PT Patra Jasa. Beliau juga menjabat                         Commissioner of PT Patra Jasa. He also served as a
sebagai Anggota Komite Audit PT Pertamina Hulu Energi                           Member of the Audit Committee of PT Pertamina Hulu
pada 2012-2015, dan Anggota Komite Pemantauan                                   Energi in 2012-2015, and Member of the Risk Management
Manajemen Risiko PT Pertamina (Persero) pada 2015-2019.                         Monitoring Committee of PT Pertamina (Persero) in 2015-
                                                                                2019.




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  Informasi Mengenai Rangkap Jabatan
  Anggota Dewan Komisaris
  Information Regarding Concurrent Positions of Members of the Board of Commissioners



                                                                                                    Rangkap Jabatan
                     Nama               Jabatan di Tugu Insurance                                   Concurrent Position
                     Name                Position in Tugu Insurance            Di Dalam TUGU Group                  Di Luar TUGU Group
                                                                                   In TUGU Group                    Outside TUGU Group
      Dian Masyita                    Presiden Komisaris & Komisaris     Ketua Komite Pemantau Risiko (8      •   Dekan Fakultas Ekonomi
                                      Independen.                        November 2022-sekarang).                 dan Bisnis (FEB) Universitas
                                      President Commissioner &           Chairman of the Risk Monitoring          Islam Internasional Indonesia
                                      Independent Commissioner.          Committee (8 November                    (2022-sekarang).
                                                                         2022-present).                       •   Guru Besar Bidang
                                                                                                                  Manajemen Keuangan dan
                                                                                                                  Perbankan Syariah Universitas
                                                                         Ketua Komite Nominasi                    Padjadjaran (2019-sekarang).
                                                                         dan Remunerasi (28 April             •   Dean of the Faculty of
                                                                         2023-sekarang).                          Economics and Business
                                                                         Chairman of the Nomination and           (FEB) at the International
                                                                         Remuneration Committee (28 April         Islamic University of Indonesia
                                                                         2023-present).                           (2022-present).
                                                                                                              •   Professor of Financial
                                                                                                                  Management and Sharia
                                                                                                                  Banking, Padjadjaran
                                                                                                                  University (2019-present).
      Bagus Agung Rahadiansyah        Komisaris.                                                              Senior Vice President Corporate
                                      Commissioner.                                                           Finance, PT Pertamina (Persero)
                                                                                                              (2020-sekarang).
                                                                                           -
                                                                                                              Senior Vice President Corporate
                                                                                                              Finance of PT Pertamina (Persero)
                                                                                                              (2020-present).
      Samuel Lie (Samuel Ramna)       Komisaris.                                                              Vice President di PT Nusantara
                                      Commissioner.                                                           Sugihartana Internasional
                                                                                                              (2022-sekarang).
                                                                                           -
                                                                                                              Vice President at PT Nusantara
                                                                                                              Sugihartana Internasional
                                                                                                              (2022-present).
      Poerwo Tjahjono                 Komisaris Independen.              Ketua Komite Audit Tugu Insurance
                                      Independent Commissioner.          (1 Januari 2021-sekarang).
                                                                         Chairman of the Audit Committee                       -
                                                                         of Tugu Insurance (1 January
                                                                         2021-present).
      Tajudin Noor                    Komisaris Independen.
                                                                                           -                                   -
                                      Independent Commissioner.




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Informasi Mengenai Hubungan Afiliasi
Anggota Dewan Komisaris
Information Regarding Affiliation Relationships of Members of the Board of Commissioners




                                         Hubungan Keluarga                                           Hubungan Keuangan
                                         Familial Relationship                                       Financial Relationship

                                                                      Pemegang                                                 Pemegang
                                                       Dewan                                                      Dewan
     Nama                                                              Saham                                                    Saham
                                                     Pengawas                                                   Pengawas
     Name                                                              Utama/                                                   Utama/
                    Direktur      Komisaris           Syariah                       Direktur    Komisaris        Syariah
                                                                     Pengendali                                               Pengendali
                    Director     Commissioner          Sharia                       Director   Commissioner       Sharia
                                                                       Majority/                                                Majority/
                                                     Supervisory                                                Supervisory
                                                                      Controlling                                              Controlling
                                                       Board                                                      Board
                                                                     Shareholders                                             Shareholders
 Dian Masyita

 Bagus Agung
 Rahadiansyah
 Samuel Lie
 (Samuel
 Ramna)
 Poerwo Tjahjono

 Tajudin Noor




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  Profil Direksi
  Board of Directors’ Profiles




  Perubahan Komposisi Direksi
  Changes in the Board of Directors Composition

                                  Jabatan pada Periode         Jabatan sejak RUPST
                                    1 Januari 2023 s.d.        28 April 2023 s.d. 31
                      Nama         RUPST 28 April 2023           Desember 2023                               Keterangan
                      Name       Position during the period    Position since AGMS of                         Remarks
                                  of 1 January 2023 until      28 April 2023 until 31
                                 the AGMS 28 April 2023           December 2023
      Tatang Nurhidayat          Presiden Direktur.           Presiden Direktur.                                    -
                                 President Director.          President Director.
      Emil Hakim                 Direktur Keuangan &          Direktur Keuangan &                                   -
                                 Layanan Korporat.            Layanan Korporat.
                                 Finance & Corporate          Finance & Corporate
                                 Service Director.            Service Director.
      Syaiful Azhar              Direktur Teknik.                           -             Tidak lagi menjabat sebagai Direktur Teknik sejak 28
                                 Technical Director.                                      April 2023.
                                                                                          No longer served as Technical Director since 28 April
                                                                                          2023.
      Ery Widiatmoko             Direktur Pemasaran           Direktur Pemasaran                                    -
                                 Asuransi.                    Asuransi.
                                 Insurance Marketing          Insurance Marketing
                                 Director.                    Director.
      Budi P. Amir               Direktur Kepatuhan &                       -             Tidak lagi menjabat sebagai Direktur Kepatuhan &
                                 Manajemen Risiko.                                        Manajemen Risiko sejak 28 April 2023.
                                 Compliance & Risk                                        No longer served as Compliance & Risk
                                 Management Director.                                     Management Director since 28 April 2023.
      Edi Yoga Prasetyo                        -              Direktur Kepatuhan &        Diangkat sebagai Direktur Kepatuhan & Manajemen
                                                              Manajemen Risiko.           Risiko berdasarkan Keputusan RUPST tanggal 28
                                                              Compliance & Risk           April 2023. Beliau telah lulus penilaian Kemampuan
                                                              Management Director.        dan Kepatutan OJK berdasarkan Keputusan Dewan
                                                                                          Komisioner No. KEP 5/D.05/2024 tanggal 18
                                                                                          Januari 2024.

                                                                                          Appointed as Compliance & Risk Management
                                                                                          Director based on the AGMS Decision on 28 April
                                                                                          2023. He has passed the OJK Fit and Proper Test
                                                                                          based on Board of Commissioners Decree No. KEP
                                                                                          5/D.05/2024 dated 18 January 2024.
      Sudarlin                                 -              Direktur Teknik.            Diangkat sebagai Direktur Teknik berdasarkan
                                                              Technical Director.         Keputusan RUPST 28 April 2023. Beliau telah
                                                                                          lulus penilaian Kemampuan dan Kepatutan OJK
                                                                                          berdasarkan Keputusan Dewan Komisioner No. Kep-
                                                                                          40/KDK.05/2023 tanggal 30 Oktober 2023.

                                                                                          Appointed as Technical Director based on Resolution
                                                                                          of the AGMS 28 April 2023. He has passed the OJK
                                                                                          Fit and Proper Test based on the Decree of the OJK
                                                                                          Commissioner Board No. Kep-40/KDK.05/2023
                                                                                          dated 30 October 2023.




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Dengan demikian, Anggota Direksi Tugu Insurance pada 31                         Thus, the composition of Tugu Insurance Board of Directors
Desember 2023 adalah sebagai berikut:                                           members as of 31 December 2023 is as follows:


                                Nama                                                                      Jabatan
                                Name                                                                      Position
 Tatang Nurhidayat                                                        Presiden Direktur
                                                                          President Director
 Emil Hakim                                                               Direktur Keuangan & Layanan Korporat
                                                                          Finance & Corporate Service Director
 Ery Widiatmoko                                                           Direktur Pemasaran Asuransi
                                                                          Insurance Marketing Director
 Edi Yoga Prasetyo                                                        Direktur Kepatuhan & Manajemen Risiko
                                                                          Compliance & Risk Management Director
 Sudarlin                                                                 Direktur Teknik
                                                                          Technical Director




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                                                                               Tatang Nurhidayat
                                                                                                  Presiden Direktur
                                                                                                     President Director




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Periode Masa Jabatan: 17 Mei 2022 s.d. Penutupan RUPST 2025.
Term of Office Period: 17 May 2022 until the Closing of 2025 AGMS.



Warga negara Indonesia, kelahiran Subang (usia 38 tahun),                        Indonesian citizen, born in Subang (38 years old), domiciled
berdomisili di Jawa Barat, Indonesia.                                            in West Java, Indonesia

Diangkat sebagai Presiden Direktur Tugu Insurance untuk                          Appointed as President Director of Tugu Insurance for the
periode masa jabatan pertama berdasarkan keputusan                               first term in accordance with the resolution of the AGMS on
RUPST tanggal 17 Mei 2022 yang dituangkan dalam Akta                             17 May 2022 as outlined in Deed No. 49 dated 9 June 2022
Notaris No. 49 tanggal 9 Juni 2022, Notaris Jose Dima                            from Notary Jose Dima Satria S.H., M.Kn. He has passed the
Satria, S.H., M.Kn. Beliau telah lulus penilaian Kemampuan                       OJK Fit and Proper Assessment based on the Decree of the
dan Kepatutan OJK berdasarkan Keputusan Dewan                                    OJK Commissioner Board No. Kep-32/KDK.05/2022 dated
Komisioner No. Kep-32/KDK.05/2022 tanggal 16 Agustus                             16 August 2022. Previously, he never served in the Board of
2022. Sebelumnya beliau tidak pernah menjabat pada                               Directors of Tugu Insurance.
Direksi di Tugu Insurance.

Tatang Nurhidayat lulus dari Universitas Diponegoro dengan                       Tatang Nurhidayat graduated from Diponegoro University
gelar Sarjana Ilmu Kelautan pada tahun 2008 dan gelar                            with a Bachelor’s degree in Marine Science in 2008 and a
Master Ekonomi Islam dari Sekolah Tinggi Ekonomi Islam                           Master’s degree in Islamic Economics from Sekolah Tinggi
(STEI) Tazkia pada tahun 2018.                                                   Ekonomi Islam (STEI) Tazkia in 2018.

Tatang Nurhidayat memiliki sertifikasi sebagai berikut:                          Tatang Nurhidayat has the following certifications:


                               Jenis Keterampilan                                  Tingkat Penguasaan                            Keterangan
 No.
                                    Skill Type                                         Mastery Level                              Remarks
 1.      Implementation & Internal Auditor ISO 9001:2008                                                             Neville Clarke, 2013
 2.      Certified Islamic Insurance Specialist                            Basic Level                               IIS, 2014
 3.      Certified in Life Insurance                                       Basic Level                               LSP AAMAI, 2017
 4.      Certified in General Insurance                                    Basic Level                               LSP AAMAI, 2018
 5.      Qualified in Risk Governance Practitioner (QRGP)                  Expert (Level 5)                          LSP MSK, 2019
 6.      Associate of Islamic Insurance Society (AIIS)                     Adjunct Expert                            IIS, 2020


Memulai karier di Asuransi sebagai Management Trainee                            Commencing his career in Insurance as a Management
PT Asuransi Adira Dinamika, Tatang Nurhidayat memiliki                           Trainee of PT Asuransi Adira Dinamika, Tatang Nurhidayat has
perjalanan karir dan sepak terjang yang tinggi di bidang                         extensive experience and an excellent career in Insurance,
asuransi, dibuktikan dengan pernah menjabat sebagai                              as evidenced by having served as Marketing Director at PT
Direktur Pemasaran di PT Asuransi Takaful Umum pada                              Asuransi Takaful Umum from 2019 to 2021.
tahun 2019 hingga 2021.

Presiden Komisaris di PT LSP Perasuransian Syariah (2020-                        President Commissioner at PT LSP Perasuransian Syariah
2022), Sharia Group Head PT Asuransi Bintang (2012-2018),                        (2020-2022), Sharia Group Head of PT Asuransi Bintang
Wakil Ketua Umum Asosiasi Asuransi Syariah Indonesia                             (2012-2018), Vice Chairman of the Indonesian Sharia
(2017-2020), Ketua Umum Asosiasi Asuransi Syariah                                Insurance Association (2017-2020), General Chairman of
Indonesia (2020-sekarang) serta hingga saat ini masih aktif                      the Indonesian Sharia Insurance Association (2020-present)
menjabat sebagai Ketua Umum Dewan Asuransi Indonesia                             and currently active serving as General Chairman of the
(DAI) sejak tahun 2021. Beliau memperoleh sertifikat dari                        Indonesian Insurance Council (DAI) since 2021. He has
AIIS dan QRGP, dan menjadi anggota di berbagai organisasi,                       obtained a certificate from AIIS and QRGP, and becomes
di antaranya Anggota Komite IKNB Masyarakat Ekonomi                              a member of several organizations, including Member of
Syariah (MES), Anggota Dewan Pengawas Lembaga Arbitrase                          the IKNB Committee of the Sharia Economic Community
Penyelesaian Sengketa Sektor Jasa Keuangan (LAPS SJK)                            (MES), Member of Supervisory Board of Lembaga Arbitrase
serta Anggota Dewan Pengawas Yayasan Asuransi Indonesia.                         Penyelesaian Sengketa Sektor Jasa Keuangan (LAPS SJK),
                                                                                 and Member of the Supervisory Board of the Indonesian
                                                                                 Insurance Foundation.



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                                                                                                Emil Hakim
                                                                               Direktur Keuangan & Layanan Korporat
                                                                                    Finance & Corporate Service Director




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Periode Masa Jabatan: 10 Mei 2021 s.d. Penutupan RUPST 2024.
Term of Office Period: 10 May 2021 until the Closing of 2024 AGMS.



Warga negara Indonesia, kelahiran Palembang (usia 46                            Indonesian citizen, born in Palembang (46 years old),
tahun), berdomisili di Pondok Kelapa, DKI Jakarta, Indonesia.                   domiciled in Pondok Kelapa, DKI Jakarta, Indonesia.

Menjabat sebagai Direktur Keuangan & Layanan Korporat                           Appointed as Corporate Finance & Services Director at Tugu
Tugu Insurance untuk periode masa jabatan pertama                               Insurance for the first term based on the Resolution of the
sesuai keputusan RUPST tanggal 10 Mei 2021 yang                                 AGMS on 10 May 2021 as outlined in Deed No. 46 dated
dituangkan dalam Akta No. 46 tanggal 10 Mei 2021 dibuat                         10 May 2021 under Notary Jose Dima Satria S.H., M.Kn.
dihadapan Notaris Jose Dima Satria, S.H., M.Kn. Beliau                          He has passed the OJK Fit and Proper Assessment based
telah lulus penilaian Kemampuan dan Kepatutan OJK                               on the Decree of the OJK Commissioner Board No. KEP-48/
berdasarkan Keputusan Dewan Komisioner OJK No. Kep-48/                          KDK.05/2021 dated 10 September 2021. Previously, he has
KDK.05/2021 tanggal 10 September 2021. Sebelumnya                               never served on the Board of Directors at Tugu Insurance.
beliau tidak pernah menjabat pada Direksi di Tugu Insurance.

Emil Hakim juga merangkap jabatan sebagai Sekretaris                            Emil Hakim has also concurrently served as Corporate
Perusahaan Tugu Insurance sejak 30 November 2022 hingga                         Secretary of Tugu Insurance since 30 November 2022 until
31 Oktober 2023.                                                                31 October 2023.

Beliau meraih gelar Sarjana Ekonomi Akuntansi dari                              Emil Hakim earned his Bachelor of Economics in Accounting
Universitas Sriwijaya (UNSRI) pada tahun 2000 dan gelar                         from Sriwijaya University (UNSRI) in 2000 and a Master of
Master of Applied Finance dari Australian National University                   Applied Finance from the Australian National University (ANU)
(ANU) pada tahun 2016.                                                          in 2016.

Emil Hakim memiliki sertifikasi sebagai berikut:                                Emil Hakim has the following certifications:


                               Jenis Keterampilan                                 Tingkat Penguasaan                         Keterangan
 No.
                                    Skill Type                                        Mastery Level                           Remarks
 1.      Chartered Accountant Indonesia 11.D27537                         Baik                                    Dikeluarkan oleh Ikatan Akuntan
                                                                          Good                                    Indonesia, 2014
                                                                                                                  Issued by the Institute of Indonesia
                                                                                                                  Chartered Accountants, 2014
 2.      Register Negara untuk Akuntan D-27537                            Baik                                    Kementerian Keuangan, 2021
         State Register of Accountants D-27537                            Good                                    Ministry of Finance, 2021
 3.      CFO Academy                                                      Baik                                    Said Bussiness School Oxford
                                                                          Good
 4.      Qualified in Risk Governance Professional                        Competent                               LPS MKS


Beliau memulai karier di PT Pertamina (Persero) pada tahun                      He commenced his career at PT Pertamina (Persero) in 2001
2001 dan terakhir menjabat sebagai Assistant Manager pada                       and most recently served as Assitant Manager from 2008
tahun 2008-2014. Setelah menyelesaikan pascasarjana                             to 2014. After obtaining his Master’s Degree in Australia, he
di Australia, beliau melanjutkan kariernya di PT Pertamina                      continued his career at PT Pertamina (Persero) most recently
(Persero) dengan jabatan terakhir sebagai Finance Manager                       as Finance Manager at Proyek RDMP Balikpapan until 2018.
di Proyek RDMP Balikpapan sampai dengan tahun 2018.                             At a subsidiary company of PT Pertamina Internasional
Penugasan di anak perusahaan PT Pertamina Internasional                         EP, he was assigned at Maurel & Prom Paris as Senior
EP sebagai Senior Finance Advisor di Maurel & Prom Paris                        Finance Advisor from 2019 to 2020, and then worked as
(2019-2020) dan selanjutnya menjalani penugasan sebagai                         Vice President Treasury at PT Pertamina Geothermal Energy
Vice President Treasury di PT Pertamina Geothermal Energy                       (2020-2021).
(2020-2021).




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                                                                               Ery Widiatmoko
                                                                                   Direktur Pemasaran Asuransi
                                                                                      Insurance Marketing Director




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Periode Masa Jabatan: 30 Juni 2020 s.d. Penutupan RUPST 2026.
Term of Office Period: 30 June 2020 until the Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Yogyakarta (usia 58                           Indonesian citizen, born in Yogyakarta (58 years old),
tahun), berdomisili di Bogor, Jawa Barat, Indonesia.                            domiciled in Bogor, West Java, Indonesia.

Menjabat sebagai Direktur untuk periode masa jabatan                            Has been serving as Director for the first term based on
pertama sesuai keputusan RUSPT tanggal 30 Juni 2020                             the resolution of the AGMS Decision date 30 June 2020 as
yang dituangkan dalam Akta No. 182 tanggal 30 Juni                              outlined in Deed No. 182 dated 30 June 2020 under Notary
2020 dari Notaris Jose Dima Satria, S.H., M.Kn., Notaris                        Jose Dima Satria S.H., M.Kn. in Jakarta. He has passed
di Jakarta. Beliau telah lulus penilaian Kemampuan dan                          the OJK Fit and Proper Assessment based on OJK Decree
Kepatutan OJK berdasarkan Keputusan OJK No. Kep-59/                             No. Kep-59/KDK.05/2020, dated 23 September 2020.
KDK.05/2020, ditetapkan tanggal 23 September 2020.                              Previously, he never served as a Member of the Board of
Sebelumnya beliau tidak pernah menjabat sebagai Anggota                         Directors at Tugu Insurance.
Direksi di Tugu Insurance.

Memperoleh gelar sarjana Teknik Geologi dari Universitas                        Earned his bachelor’s degree in Geological Engineering from
Pembangunan (UPN) Veteran Yogyakarta pada tahun 1991.                           the Veteran Yogyakarta Pembangunan University (UPN) in
Beliau juga aktif mengikuti kegiatan pendidikan di Prasetiya                    1991. He also actively participated in educational activities
Mulya Business School Executive Learning Institute (ELI) di                     at Prasetiya Mulya Business School Executive Learning
bidang Financial Management, Strategic Management dan                           Institute (ELI) in the fields of Financial Management,
General Business Management pada tahun 2012-2013.                               Strategic Management and General Business Management
                                                                                from 2012 to 2013.

Ery Widiatmoko memiliki sertifikasi sebagai berikut:                            Ery Widiatmoko has the following certifications:


                               Jenis Keterampilan                                 Tingkat Penguasaan                        Keterangan
 No.
                                    Skill Type                                        Mastery Level                          Remarks
 1.      Professional Development Program “Financial Statement Fraud      Qualified                               IRMAPA, Juli 2022
         Risk Analysis & Prevention (FSFR)” - Data Analytics Course                                               IRMAPA, July 2022
 2.      Implementing ESG: How Being Sustainable Benefits Companies       Qualified                               CRMS, Juli 2022
                                                                                                                  CRMS, July 2022
 3.      Pelatihan & Sertifikasi RCC QCRO                                 Qualified                               Widya Dharma Arta, Oktober 2022
         RCC QCRO Training & Certification                                                                        Widya Dharma Arta, October 2022



Sebelum bergabung dengan Tugu Insurance sebagai Chief                           Prior to joining Tugu Insurance as Chief Network & Retail
Network & Retail Business pada 25 April 2018, beliau                            Business on 25 April 2018, he worked at PT Asuransi
meniti karir di PT Asuransi Astra Buana sejak tahun 1992                        Astra Buana since 1992 with his last position as Executive
dengan jabatan terakhir sebagai Executive Vice President                        Vice President (Retail Business) (2014-2018). During his
(Retail Business) (2014-2018). Selama berkarir, beliau                          career, he received various awards, one of which was the
mendapatkan berbagai penghargaan, salah satunya adalah                          Astra International Awards, “Oustanding effort as Creative
Astra International Awards, “Oustanding effort as Creative                      Innovator” in 2015.
Innovator” pada tahun 2015.




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          Performance Review       Management Report       Company Profile           Management Discussion and Analysis




                                                                               Edi Yoga Prasetyo
                                                                                             Direktur Kepatuhan &
                                                                                                Manajemen Risiko
                                                                                                      Compliance &
                                                                                           Risk Management Director




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Periode Masa Jabatan: 28 April 2023 s.d. Penutupan RUPST 2026.
Term of Office Period: 28 April 2023 until the Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Wonosobo (usia 52                             Indonesian citizen, born in Wonosobo (52 years old),
tahun), berdomisili di Tangerang, Banten, Indonesia.                            domiciled in Tangerang, Banten, Indonesia.

Menjabat sebagai Direktur untuk periode masa jabatan                            Served as Director for the first term of office based on the
pertama sesuai keputusan RUPST tanggal 28 April 2023                            resolution of the AGMS Decision dated 28 April 2023 as
yang dituangkan dalam Akta No. 124 tanggal 28 April 2023                        outlined in Deed No. 124 date 28 April 2023 from Notary
dari Notaris Jose Dima Satria SH., M.Kn., Notaris di Jakarta.                   Jose Dima Satria SH., M.Kn., Notary in Jakarta. He has
Beliau telah lulus penilian Kemampuan dan Kepatutan OJK                         passed the OJK Fit and Proper Test based on OJK Decree
berdasarkan Keputusan OJK No. KEP-5/D.05/2024 tanggal                           No. KEP-5/D.05/2024 dated 18 January 2024.
18 Januari 2024.

Beliau memperoleh gelar sarjana Sosial Ekonomi Pertanian                        He obtained a bachelor's degree in Agricultural
dari Institut Pertanian Bogor pada tahun 1995.                                  Socioeconomics from the Bogor Agricultural Institute
                                                                                in 1995.

Edi Yoga Prasetyo memiliki sertifikasi sebagai berikut:                         Edi Yoga Prasetyo has the following certifications:


                               Jenis Keterampilan                                 Tingkat Penguasaan                         Keterangan
 No.
                                    Skill Type                                        Mastery Level                           Remarks
 1.      Trainer untuk Produk Unit Linked                                 Sertifikat Kelulusan                    Singapore College of Insurance
         Trainer for Unit Linked Products                                 Completion Certificate                  (2002)
 2.      Manajemen Risiko                                                 QRCO                                    LSP MKS (2021-2024)
         Risk Management
 3.      Manajemen Risiko                                                 QRGP                                    LSP MKS (2023-2026)
         Risk Management



Beliau memulai kariernya di PT Asuransi AIG Lippo yang                          He started his career at PT Asuransi AIG Lippo, previously
sebelumnya bernama PT Asuransi Lippo Life sejak tahun                           known as PT Asuransi Lippo Life, from 1995 to 2003
1995 hingga 2003 dengan jabatan terakhir sebagai Head                           with his last position as Head of Product Development
of Product Development Department. Beliau selanjutnya                           Department. He then pursued a career at PT Asuransi
meniti karier di PT Asuransi CIGNA sebagai In Branch Sales                      CIGNA as In Branch Sales Manager (2003-2004), Citibank
Manager (2003-2004), Citibank NA sebagai Manager Retail                         NA as Manager Retail Banking – Global Consumer Group
Banking – Global Consumer Group (2004-2006), PT Bank                            (2004-2006), PT Bank Lippo Tbk with his last position as
Lippo Tbk dengan jabatan terakhir sebagai Total Quallity                        Total Quality Management (TQM) Program Officer (2006-
Management (TQM) Program Officer (2006-2008), PT Bank                           2008), PT Bank BTPN Tbk as Head of Sales Management &
BTPN Tbk sebagai Head of Sales Management & Support                             Support Department (2008-2011), and PT Asuransi Allianz
Department (2008-2011), dan PT Asuransi Allianz Life                            Life Indonesia with his last position as Deputy Managing
Indonesia dengan jabatan terakhir sebagai Deputy Managing                       Director of Sharia (2011-2022). Then, he also served as
Director of Sharia (2011-2022). Kemudian, beliau juga                           Director at PT LSP Per Asuransian Syariah (2022-2023) and
pernah menjabat sebagai Direktur di PT LSP Perasuransian                        Commissioner at PT Synergy Risk Management Consultants
Syariah (2022-2023) dan Komisaris di PT Synergy Risk                            (2023-present).
Management Consultants (2023-sekarang).




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                                                                                                  Sudarlin
                                                                                                   Direktur Teknik
                                                                                                   Technical Director




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Periode Masa Jabatan: 28 April 2023 s.d. Penutupan RUPST 2026.
Term of Office Period: 28 April 2023 until the Closing of 2026 AGMS.



Warga negara Indonesia, kelahiran Lampung (usia 46 tahun),                      Indonesian citizen, born in Lampung (46 years old),
berdomisili di Jakarta Timur, Indonesia.                                        domiciled in East Jakarta, Indonesia.

Menjabat sebagai Direktur untuk periode masa jabatan                            Served as Director for the first term of office based on
pertama sesuai keputusan RUPST tanggal 28 April 2023                            the resolution of the AGMS Decision dated 28 April 2023
yang dituangkan dalam Akta No. 55 tanggal 9 November                            as outlined in Deed No. 55 dated 9 November 2023 from
2023 dari Notaris Jose Dima Satria, S.H., M.Kn., Notaris                        Notary Jose Dima Satria, S.H., M.Kn., Notary in Jakarta.
di Jakarta. Beliau telah lulus penilaian Kemampuan dan                          He has passed the OJK Fit and Proper Test based on OJK
Kepatutan OJK berdasarkan Keputusan OJK No. KEP-40/                             Decree No. KEP-40/KDK.05/2023, dated 30 October 2023.
KDK.05/2023, ditetapkan tanggal 30 Oktober 2023.

Beliau memperoleh gelar Sarjana Ekonomi dari Universitas                        He obtained a Bachelor's degree in Economics from
Lampung pada tahun 2000 dan Magister Manajemen dari                             Lampung University in 2000 and a Master's Degree in
Universitas Gadjah Mada pada tahun 2003.                                        Management from Gadjah Mada University in 2003.

Sudarlin memiliki sertifikasi sebagai berikut:                                  Sudarlin has the following certifications:


                               Jenis Keterampilan                                 Tingkat Penguasaan                        Keterangan
 No.
                                    Skill Type                                        Mastery Level                          Remarks
 1.      Ahli Asuransi Kerugian Indonesia (AAIK/Profesi)                  Advance                                 LSP AAMAI, Februari 2011
         Indonesian General Insurance Expert (AAAIK/Profession)                                                   LSP AAMAI, February 2011
 2.      Manajemen Risiko Perasuransian (AMRP/Profesi)                    Advance/Level 5                         LSP AAMIA, September 2022
         Insurance Risk Management (AMRP/Profession)
 3.      Manajemen Risiko (QCRO/Profesi)                                  Intermediate/Level 4                    LSP MKS, September 2021
         Risk Management (QCRO/Profession)
 4.      Professional in Organization Development (CPOD/Profession        -                                       AIODP, Juni 2023
         HR & Organization Transformation)                                                                        AIODP, June 2023



Beliau memulai kariernya di BBS Unilanet sebagai Network                        He started his career at BBS Unilanet as a Network &
& System Engineer pada tahun 1997 hingga 2000. Beliau                           System Engineer from 1997 to 2000. He then pursued a
selanjutnya meniti karier di PT Samsung Electronic Indonesia                    career at PT Samsung Electronic Indonesia as Marketing
sebagai Marketing Staff (2000-2001) dan Pro-Pack Material                       Staff (2000-2001) and Pro-Pack Material Pte. Ltd. as Sales
Pte. Ltd. sebagai Sales Engineer/Brand Dept. Head (2004-                        Engineer/Brand Dept. Head (2004-2006). He then joined
2006). Beliau kemudian bergabung dengan PT Asuransi                             PT Asuransi Tugu Pratama Indonesia Tbk and held several
Tugu Pratama Indonesia Tbk dan menjabat beberapa posisi,                        positions, including as Underwriter (2007-2012), Facultative
antara lain sebagai Underwriter (2007-2012), Facultative                        Department Head (2014-2021), Company Expert (2015-
Department Head (2014-2021), Tenaga Ahli Perusahaan                             2023), and Reinsurance Group Head (2021-2023).
(2015-2023), dan Reinsurance Group Head (2021-2023).




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          Performance Review              Management Report           Company Profile                 Management Discussion and Analysis




      Informasi Mengenai Rangkap Jabatan Anggota Direksi
      Information Regarding Concurrent Positions of Members of the Board of Directors




                                                                                          Rangkap Jabatan
                 Nama          Jabatan di Tugu Insurance                                  Concurrent Position
                 Name           Position in Tugu Insurance        Di Dalam TUGU Group                           Di Luar TUGU Group
                                                                      In TUGU Group                             Outside TUGU Group
      Tatang Nurhidayat        Presiden Direktur.                              -                      Komisaris PT Reasuransi Maipark Indonesia
                               President Director.                                                          (6 November 2022-sekarang).
                                                                                                       Commissioner of PT Reasuransi Maipark
                                                                                                        Indonesia (6 November 2022-present).
      Emil Hakim               Direktur Keuangan &            Komisaris PT Pratama Mitra Sejati                            -
                               Layanan Korporat.                 (1 Oktober 2021-sekarang).
                               Corporate Finance &            Commissioner of PT Pratama Mitra
                               Services Director.              Sejati (1 October 2021-present).
      Ery Widiatmoko           Direktur Pemasaran Asuransi.                    -                                           -
                               Director of Insurance
                               Marketing.
      Edi Yoga Prasetyo        Direktur Kepatuhan &                            -                        Komisaris PT Synergy Risk Management
                               Manajemen Risiko.                                                         Consultants (6 Juni 2023-sekarang).
                               Director of Compliance &                                                   Commissioner of PT Synergy Risk
                               Risk Management.                                                           Management Consultants (6 June
                                                                                                                    2023-present).
      Sudarlin                 Direktur Teknik.                                -                                           -
                               Technical Director.




116       LAPORAN TAHUNAN 2023                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility               Audited Report




Informasi Mengenai Hubungan Afiliasi Anggota Direksi
Information Regarding Affiliation Relationships of the Board of Directors Members




                                         Hubungan Keluarga                                           Hubungan Keuangan
                                         Familial Relationship                                       Financial Relationship

                                                                      Pemegang                                                 Pemegang
                                                       Dewan                                                      Dewan
     Nama                                                              Saham                                                    Saham
                                                     Pengawas                                                   Pengawas
     Name                                                              Utama/                                                   Utama/
                   Direktur       Komisaris           Syariah                       Direktur    Komisaris        Syariah
                                                                     Pengendali                                               Pengendali
                   Director      Commissioner          Sharia                       Director   Commissioner       Sharia
                                                                       Majority/                                                Majority/
                                                     Supervisory                                                Supervisory
                                                                      Controlling                                              Controlling
                                                       Board                                                      Board
                                                                     Shareholders                                             Shareholders
 Tatang
 Nurhidayat
 Emil Hakim

 Ery
 Widiatmoko
 Edi Yoga
 Prasetyo
 Sudarlin




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          Performance Review             Management Report              Company Profile            Management Discussion and Analysis




  Sumber Daya Manusia
  Human Resource




  Tugu Insurance berkomitmen untuk mengelola sumber                        In managing human resources, including recruitment, Tugu
  daya manusianya mulai dari proses rekrutmen hingga                       Insurance always ensures equal opportunities regardless of
  pengelolaan dengan memastikan kesetaraan kesempatan                      gender, class, ethnicity and race. Equality also applies in the
  yang sama tanpa membedakan jenis kelamin, golongan,                      assessment or review of employees so that every employees
  suku, dan ras. Kesetaraan juga berlaku dalam penilaian atau              has the same opportunity to get a promotion, both male
  review terhadap pekerja sehingga setiap pekerja memiliki                 and female.
  kesempatan yang sama untuk mendapatkan promosi, baik
  laki-laki maupun perempuan.


  Jumlah dan Komposisi Pekerja
  Employee Headcount

  Sampai dengan 31 Desember 2023, jumlah pekerja Tugu                      As of 31 December 2023, the number of Tugu Insurance
  Insurance adalah sebanyak 459 pekerja, mengalami                         employees was 459 workers, an increase of 6.5% compared
  peningkatan sebesar 6,5% dibandingkan dengan tahun                       to 2022 which was 431 workers. The Company does not
  2022 yang sebanyak 431 pekerja. Tugu Insurance tidak                     differentiate gender, race, religion, ethnicity, and class, in
  membedakan jenis kelamin, ras, agama, suku dan golongan                  all levels and ranks of employees and management, both
  dalam seluruh tingkatan dan jajaran karyawan serta                       in recruitment and remuneration and position systems. The
  manajemen baik dalam penerimaan karyawan maupun                          Company provides opportunities for both male and female
  sistem remunerasi dan jabatan. Perseroan memberikan                      workers. However, the nature of work, geographical location,
  kesempatan terbuka baik bagi pekerja laki-laki maupun                    and business character of Tugu Insurance causes male
  perempuan. Namum sifat pekerjaan, letak geografis dan                    employees to be more dominant.
  karakter usaha Tugu Insurance menyebabkan karyawan pria
  lebih dominan.

  Jumlah dan komposisi pekerja Tugu Insurance berdasarkan                  The number and composition of Tugu Insurance workers
  jenis kelamin, jabatan, usia, tingkat pendidikan, dan status             based on gender, position, age, education level and
  ketenagakerjaan dapat dilihat sebagai berikut.                           employment status can be seen as follows.

  Jumlah dan Komposisi Pekerja Berdasarkan Jenis Kelamin
  Number and Composition of Employees Based on Gender


                                                                       2023                                        2022
                     Jenis Kelamin
                        Gender                         Jumlah Total                                Jumlah Total
                                                                                     %                                           %
                                                       Total Number                                Total Number
      Laki-laki                                              287                   62,5%                283                    65,7%
      Male
      Perempuan                                              172                   37,5%                148                    34,3%
      Female
      Jumlah                                                 459                   100%                 431                    100%
      Total




118       LAPORAN TAHUNAN 2023                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
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5    Tata Kelola Perusahaan              6     Tanggung Jawab Sosial Perusahaan           7   Laporan Keuangan
     Corporate Governance                      Corporate Social Responsibility                Audited Report




Jumlah dan Komposisi Pekerja bedasarkan Jabatan
Number and Composition of Employees Based on Position
                                                              2023                                                     2022
              Jabatan
              Position                                               Jumlah                                                   Jumlah
                                         L/M            P/F                        %            L/M              P/F                    %
                                                                      Total                                                    Total
 Deputy Director                          1              1              2         0,4%           1                0             1      0,2%
 Group Head & VP                         15              5             20         4,4%           16               7            23      5,3%
 Pekerja Perbantuan di Anak               7              1              8         1,7%           6                1             7      1,6%
 Perusahaan
 Seconded Workers in
 Subsidiaries
 Department Head                         44              12            56         12,2%          46               9            55      12,8%
 Manajer                                 26              8             34         7,4%           22               9            31      7,2%
 Manager
 Officer                                 124             64           188         41,0%         118              53            171     39,7%
 Staf                                    67              81           148         32,2%          70                            139     32,3%
 Staff                                                                                                           69
 Pelaksana                                3              0              3         0,7%           4                0             4      0,9%
 Implementer
 Jumlah                                  287            172           459         100%          283              148           431     100%
 Total


Jumlah dan Komposisi Pekerja berdasarkan Usia
Number and Composition of Employees Based on Age
                                                              2023                                                     2022
               Usia
               Age                                                   Jumlah                                                   Jumlah
                                         L/M            P/F                        %            L/M              P/F                    %
                                                                      Total                                                    Total
 21-30                                   36              58            94         20,5%          32              50             82     19,0%
 31-40                                   119             74           193         42,1%         127              61            188     43,6%
 41-50                                   80              34           114         24,8%          68              30             98     22,7%
 ≥ 51                                    52              6             58         12,6%          56               7             63     14,6%
 Jumlah                                  287            172           459         100%          283              148           431     100%
 Total


Jumlah dan Komposisi Pekerja berdasarkan Tingkat Pendidikan
Number and Composition of Employees Based on Education Level
                                                              2023                                                     2022
         Tingkat Pendidikan
            Education Level                                          Jumlah                                                   Jumlah
                                         L/M            P/F                        %            L/M              P/F                    %
                                                                      Total                                                    Total
 S3                                       1              0              1         0,2%            1               0             1      0,2%
 Doctoral Degree
 S2                                      54              14            68         14,8%          47              14             61     14,2%
 Master Degree
 S1                                      221            153           374         81,5%         221              129           350     81,2%
 Bachelor Degree
 Diploma                                  7              5             12         2,6%            9               5             14     3,2%
 SMU Sederajat                            2              0              2         0,4%            2                             2      0,5%
 Senior High School                                                                                               0
 SMP Sederajat                            1              0              1         0,2%            1               0             1      0,2%
 Junior High School
 SD Sederajat                             1              0              1         0,2%           2                0             2      0,5%
 Elementary School
 Jumlah                                  287            172           459         100%          283              148           431     100%
 Total




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023   119
Page 122
      1   Kilas Kinerja              2   Laporan Manajemen            3    Profil Perusahaan        4   Analisis dan Pembahasan Manajemen
          Performance Review             Management Report                 Company Profile              Management Discussion and Analysis




  Jumlah dan Komposisi Pekerja berdasarkan Status Kepegawaian
  Number and Composition of Employees Based on Employment Status

  Berdasarkan status kepegawaian, SDM di Tugu Insurance                       Based on employment status, the human resources at Tugu
  dapat dikelompokkan sebagai berikut:                                        Insurance can be grouped as follows:


                                                             2023                                                   2022
           Status Kepegawaian
            Employment Status                                       Jumlah                                                 Jumlah
                                         L/M          P/F                             %        L/M            P/F                             %
                                                                     Total                                                  Total
      Pekerja Waktu Tidak Tertentu       230          123            353           76,9%       233            122           355          82,4%
      (Pekerja Tetap)
      Permanent Employees
      Pekerja Waktu Tertentu             50           46             96            20,9%       44              23            67          15,5%
      (Pekerja Kontrak)
      Contract Employees
      Pekerja Perbantuan                  0            2              2             0,4%        0               2             2              0,5%
      (PT Pertamina (Persero))
      Seconded Employees
      (PT Pertamina (Persero))
      Pekerja yang Diperbantukan          7            1              8             1,8%        6               1             7              1,6%
      di Entitas Anak
      Seconded Employees in
      Subsidiaries
      Jumlah                             287          172            459            100%       283            148           431         100,0%
      Total



  Pengembangan Kompetensi SDM
  HR Development
  Tugu Insurance memberikan kesempatan yang sama kepada                       Tugu Insurance provides equal opportunities to all Employees
  seluruh Pekerja untuk mengikuti program pengembangan                        to participate in competency development programs that are
  kompetensi yang dijalankan sesuai dengan kebutuhan                          carried out in accordance with the needs of the Company.
  Perseroan. Selain untuk menunjang kinerja Perseroan,                        In addition to supporting the Company’s performance, this
  program pengembangan kompetensi ini dilakukan untuk                         competency development program is carried out to increase
  meningkatkan kapasitas dan pengembangan karir karyawan.                     employee capacity and career development.

  Pengembangan SDM dikelola oleh Learning & Development                       HR development is managed by the Learning & Development
  Department yang merupakan bagian dari Human Capital &                       Department which is part of the Human Capital & Services
  Services Group, dan terdiri dari kegiatan-kegiatan berikut:                 Group, and consists of the following activities:
  1. Training:                                                                1. Training:
     • In-house Training;                                                        • In-house Training;
     • Public training.                                                          • Public training.
  2. Sertifikasi Profesi;                                                     2. Professional Certification;
  3. Pembinaan Rohani dan Krida;                                              3. Spiritual and Krida Coaching;
  4. Townhall Meeting;                                                        4. Townhall Meeting;
  5. Audiensi karyawan dengan Direksi.                                        5. Employee audience with the Board of Directors.




120       LAPORAN TAHUNAN 2023                                                                              PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan                7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                     Audited Report




1. Training
   a. In-house Training


                                                                Judul Training                                               Jumlah Peserta
         No.
                                                                 Training Title                                              Total Participant
         1      Business English Conversation Course - Advance Level                                                                13
         2      Business English Conversation Course - Upper Intermediate Level                                                     15
         3      Business English Conversation Course - Intermediate Level                                                           17
         4      Business English Conversation Course - Beginning Level                                                              15
         5      tiLearn 039: Treaty Expose 2023                                                                                    156
         6      Objective Key Result Workshop                                                                                       16
         7      People Management Development Program Batch 3                                                                       30
         8      M-Files for Super User                                                                                              5
         9      tiLearn 040: COB Marine Hull & Marine Cargo                                                                        103
         10     tiShare 003: CoB Motor Vehicle for Underwriters of Branch Office                                                    36
         11     People Management Development Program Batch 4                                                                       24
         12     Risk Management Forum Pertamina Group 2023                                                                         412
         13     tiLearn041: Basic Safety Training 2023                                                                             338
         14     tiShare004: CoB Surety Bond & KBG                                                                                  114
         15     tiLearn 042: Implementasi SMAP dalam Menunjang Kegiatan Operasional Perusahaan                                     407
                tiLearn 042: Implementation of SMAP in Supporting Company Operational Activities
         16     tiShare 006: CoB Sosialisasi Guideline Motor Vehicle                                                               139
                tiShare 006: CoB Disseminates Motor Vehicle Guideline
         17     Konsinyering & Agent of Change                                                                                      16
                Consigning & Agent of Change
         18     tiLearn 043: Suretyship                                                                                            189
         19     tiShare 005: Combined Liability, Money Insurance dan PA                                                            113
         20     tiShare 007: Selling & Negotiation Skill                                                                            76
         21     tiShare 009: Sosialisasi Pengelolaan Talent dan Rencana Suksesi                                                    113
                tiShare 009: Dissemination of Talent Management and Succession Planning
         22     tiLearn 044: Metode Aktuari dalam Pricing                                                                           56
                tiLearn 044: Actuarial Methods in Pricing
         23     tiLearn 045: Basic Selling Skill                                                                                    88
         24     tiLearn 046: Perlindungan Data Pribadi di Industri Jasa Keuangan Setelah Disahkannya UU PDP                        355
                tiLearn 046: Protection of Personal Data in the Financial Services Industry After the Passing of the PDP
                Law
         25     tiLearn 047: Right Service Experience for The Right Customers                                                      109
         26     tilearn 048: Service Into Next Level for Management                                                                 21
         27     tilearn 049: Marine Reinsurance Wordings and Update on Russian-Ukraine Wordings and Sanctions                       21
         28     tiLearn 050: Basic reinsurance                                                                                      19
         29     tiLearn 052: Keynote Speech Perlindungan Data Pribadi                                                               74
         30     tilearn 053: UU PDP                                                                                                 23
                tilearn 053: PDP Law
         31     tilearn 054: APU, PPT, PPPSPM di Sektor Lembaga Jasa Keuangan                                                      385
                tilearn 054: APU, PPT, PPPSPM in the Financial Services Institution Sector
         32     tilearn 055: Policy Automation                                                                                     103
         33     Basic Insurance                                                                                                     25
         34     Coaching for Empowering Your Team                                                                                  101
         35     People Management Development Program Batch 5                                                                       24
         36     Basic Service Excellent - Front Liner Batch 1                                                                       23
         37     Basic Service Excellent - Front Liner Batch 2                                                                       25




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023    121
Page 124
      1   Kilas Kinerja                 2   Laporan Manajemen                3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review                Management Report                    Company Profile            Management Discussion and Analysis




                                                                     Judul Training                                              Jumlah Peserta
               No.
                                                                      Training Title                                             Total Participant
              38     Basic Service Excellent - Front Liner Batch 3                                                                      26
              39     Assertive Communication                                                                                            28
              40     Intergenerational Conflict Resolution                                                                              12
              41     Smart Selling Skills                                                                                               24



          b. Public Training (Dalam Negeri)
             Public Training (Domestics)


                                                                     Judul Training                                              Jumlah Peserta
               No.
                                                                      Training Title                                             Total Participant
              1      TOEFL Preparation Lvl 1                                                                                             2
              2      TOEFL Preparation Lvl 2                                                                                             3
              3      Placement Test TOEFL Preparation                                                                                    1
              4      Understanding Marine Hull Insurance                                                                                 2
              5      Rekonsiliasi Fiskal & Penyusunan SPT Tahunan PPh Badan                                                              2
                     Fiscal Reconciliation & Preparation of Annual Corporate Income Tax Returns
              6      Preparation for Certified Associate in Project Management                                                           1
              7      HUET and Sea Survival                                                                                               7
              8      Customer Relationship Management in Digital Era (E-CRM)                                                             2
              9      Tata Kelola Environmental, Social, Governance, Risk & Compliance (ESGRC) untuk Memperkuat                           1
                     Perusahaan
                     Environmental, Social, Governance, Risk & Compliance (ESGRC) Management to Strengthen the
                     Company
              10     Simulation Based Workshop of Key Risk Indicators                                                                    3
              11     CIFO: Hybrid Working as a Trend of Work in the Post-Pandemic World                                                  4
              12     Training of Trainers dan Pembekalan Anti Fraud Agent Internal Audit Pertamina                                       2
                     Training of Trainers and Provision of Pertamina Internal Audit Anti Fraud Agents
              13     Tantangan dan Peluang Profesi Manajemen Risiko dalam Pencapaian Tujuan Keuangan Berkelanjutan                       2
                     Challenges and Opportunities for the Risk Management Profession in Achieving Sustainable Financial
                     Goals
              14     Millennials & Gen Z Training: Tips & Strategies                                                                     3
              15     9 International Insurance Seminar 2023
                      th
                                                                                                                                         3
              16     Case Study Telecommunication Broadcasting & Data Center                                                             2
              17     Effective Coaching Skill for Leader                                                                                 2
              18     Global Turmoil: The Unpredictable Landscape                                                                         4
              19     Meringankan Beban PPh 21 & SPT Anda di Tahun 2023 dengan Teknologi                                                  3
                     Ease your PPh 21 & SPT burden in 2023 with technology
              20     Sales Strategies to Create High Performing Sales Force                                                              2
              21     Risk Management Strategy in The Hardening Insurance Market                                                          2
              22     PSAK 117 Kontrak Asuransi                                                                                           2
                     PSAK 117 Insurance Contracts
              23     Webinar Level 7 "Manajemen Risiko Perusahaan Pialang Asuransi"                                                      1
                     Webinar Level 7 "Risk Management of Insurance Brokerage Companies"
              24     UU P2SK sebagai Penguatan Sektor Keuangan bagi Konsumen dan Industri Keuangan                                       1
                     P2SK Law as Strengthening the Financial Sector for Consumers and the Financial Industry
              25     Project Risk Management untuk LJKNB                                                                                 1
              26     People-Policy-Technology to Build Employee Experience                                                               1
              27     TOEIC Official Learning & Preparation Course                                                                        1
              28     Cara Mudah Menentukan Key Risk Indicators dalam Rencana Strategic Organisasi                                        1
                     Easy Ways to Determine Key Risk Indicators in an Organization's Strategic Plan




122       LAPORAN TAHUNAN 2023                                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
Page 125
5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




                                                              Judul Training                                                Jumlah Peserta
         No.
                                                               Training Title                                               Total Participant
         29     Marine Liability Insurance                                                                                         1
         30     Peran Akuntansi Forensik dalam Audit Investigasi/Audit Forensik                                                    1
                The Role of Forensic Accounting in Investigative Audits/Forensic Audits
         31     Fungsi Pengawasan Entitas dalam Lingkup Tata Kelola Risiko & Peran Internal Audit dalam Manajemen                  1
                Risiko
                Entity Supervision Function within the Scope of Risk Governance & the Role of Internal Audit in Risk
                Management
         32     Pengelolaan Liquidity Risk untuk Kondisi Business as Usual, Stress Testing Maupun Pemenuhan                        1
                Ketentuan Regulator (Basel III - LCR, NSFR dan ILAAP)
                Liquidity Risk Management for Business as Usual Conditions, Stress Testing and Fulfillment of
                Regulatory Requirements (Basel III - LCR, NSFR and ILAAP)
         33     Peranan Asuransi Kredit Dalam Fasilitas Non-Cash Loan Perbankan                                                    2
                The Role of Credit Insurance in Non-Cash Loan Banking Facilities
         34     Sudah Siapkah Perusahaan Asuransi Implementasikan IFRS 17 pada 1 Januari 2025?                                     2
                Are Insurance Companies Ready to Implement IFRS 17 on 1 January 2025?
         35     Equity & bond Market Outlook Trimegah A                                                                            1
         36     Bagi LJKNB dan Industri Asuransi pada Umumnya                                                                      1
                For LJKNB and the Insurance Industry in General
         37     Workload Analysis                                                                                                  3
         38     Drafting Legal Documents and Contracts in English                                                                  1
         39     Certificate in General Insurance                                                                                   3
         40     Revolutioning HR                                                                                                   2
         41     Practical Course - Pembuatan Faktur PPN                                                                            2
                Practical Course - Creating VAT Invoice
         42     Actuaries in Challenging Economics                                                                                 2
         43     Strategi Adaptasi di Tengah Disrupsi Blockchain Industri Keuangan                                                  1
                Adaptation Strategy in the Midst of Blockchain Disruption in the Financial Industry
         44     Aspek Hukum Merger, Akuisisi dan Konsolidasi Perusahaan                                                            1
                Legal Aspects of Mergers, Acquisitions and Company Consolidation
         45     Anti Fraud Day                                                                                                     1
         46     Industrial Relation Workshop                                                                                       2
         47     Understanding Marine Cargo Insurance                                                                               2
         48     ICSA Workshop CG Officer Corporate Communication Batch 3                                                           2
         49     Effective Investor Relations in Practice Level I                                                                   2
         50     Data Protection & Privacy Essentials                                                                               1
         51     Peningkatan Pemahaman Anti Pencucian Uang di Sektor Korporasi                                                      2
                Increasing Understanding of Anti-Money Laundering in the Corporate Sector
         52     Data Analytics using Microsoft Power BI                                                                            2
         53     Apakah Penerapan Manajemen Risiko Kami Sudah Efektif?                                                              3
                Is Our Risk Management Implementation Effective?
         54     Brand Loyalty Strategy During Uncertain Times                                                                      2
         55     Strategi Keuangan Hijau Indonesia                                                                                  1
                Indonesia's Green Finance Strategy
         56     Implementasi dan Kendala PP-44, PP-49, PP-50 dan PP-55 dan PMK Turunannya serta Dampaknya                          4
                Terhadap Kinerja Keuangan Perusahaan
                Implementation and Obstacles of PP-44, PP-49, PP-50 and PP-55 and their derivative PMK and their
                Impact on the Company's Financial Performance
         57     Maksimalkan Potensi LMS dengan Learning Journey yang Menarik                                                       3
                Maximize LMS Potential with an Interesting Learning Journey
         58     The 1st Indonesia Insurance Summit                                                                                 3
         59     Python for Data Science                                                                                            1
         60     Reinforcing Research in Actuarial Science to Increase Trust and Confidence in the Financial Institution            1




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023    123
Page 126
      1   Kilas Kinerja                 2   Laporan Manajemen               3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review                Management Report                   Company Profile            Management Discussion and Analysis




                                                                 Judul Training                                                 Jumlah Peserta
               No.
                                                                  Training Title                                                Total Participant
              61     Undangan Sosialisasi Tata Cara Klaim Manfaat Program dan Penggunaan Jamsostek Mobile                               1
                     Invitation to Disseminate Procedures for Claiming Program Benefits and Using Jamsostek Mobile
              62     Digital Risk Management                                                                                            1
              63     CEO Fellowship                                                                                                     1
              64     Investigation Fraud                                                                                                1
              65     Manajemen Risiko Asuransi/Reasuransi Syariah Bagi DPS Perusahaan Anggota AASI                                      2
                     Sharia Insurance/Reinsurance Risk Management for DPS of AASI Member Companies
              66     Al Driven Decision Making for Business Leader                                                                      1
              67     Training ESTIM Administrator Foundation                                                                            1
              68     Keuangan Berkelanjutan Batch 2                                                                                     1
                     Sustainable Finance Batch 2
              69     Artificial Intelligence Innovation Summit                                                                          2
              70     Rancangan Standar Kompetensi Kerja Nasional Indonesia                                                              2
                     Draft Indonesian National Work Competency Standards
              71     Indonesia Rendezvous                                                                                               6
              72     Pialang Asuransi “Semua Akan Digital pada Waktunya"                                                                1
                     Insurance Brokers “Everything Will Be Digital in Time"
              73     Specific Cargo Underwriting for Dry and Bulk Cargoes                                                               5
              74     CEAR - Coverage, Exclusion, Endorsement & Claim                                                                    3
              75     Strategic Management & Leadership                                                                                  1
              76     IIA Indonesia National Conference                                                                                  1
              77     Pengantar Prinsip Asuransi                                                                                         1
                     Introduction to Insurance Principles
              78     GCG Berbasis Referensi Praktik Terbaik Nasional & Global Terkini                                                   1
                     GCG Based on Latest National & Global Best Practice References
              79     Masa Depan Asuransi Syariah Pasca POJK No. 11 2023                                                                 3
                     The Future of Sharia Insurance Post POJK No. 11 2023
              80     Forum Akuntan Manajemen – Gap Analysis IFRS S1 and S2                                                              5
                     Management Accountant Forum – Gap Analysis IFRS S1 and S2
              81     Investment Development Program: IPO - Initial Public Offering                                                      1
              82     Marketeers Hang Out Metamorphosis                                                                                  2
              83     Konsinyering Penyusunan Kamus Kompetensi SDM Sektor Perasuransian                                                  2
                     Consignment for Preparation of HR Competency Dictionary in the Insurance Sector
              84     Corporate Finance Training                                                                                         1
              85     Workshop Pra-Ijtima’ Sanawi (Annual Meeting) DPS VIII Tahun 2023 Bidang Perasuransian Dana Pensiun                 2
                     dan Penjaminan Syariah
                     Pre-Ijtima' Sanawi Workshop (Annual Meeting) DPS VIII 2023 Sector of Pension Fund Insurance and
                     Sharia Guarantee
              86     CIA Review                                                                                                         1
              87     Fundamental of Engineering Insurances                                                                              1
              88     Pelatihan Tenaga Pemasar Asuransi                                                                                  3
                     Insurance Marketer Training
              89     Product Management Basic                                                                                           1
              90     High Impact Presentation                                                                                           1
              91     Pemaparan dan Diskusi Penyedia IT Solution PSAK 117 Asosiasi Asuransi Umum Indonesia                               1
                     Presentation and Discussion of IT Solution Providers PSAK 117 Indonesian General Insurance
                     Association
              92     Designing and Implementing Microsoft DevOps Solutions                                                              1
              93     Team Leadership & Team Building 2023 Master Class                                                                  1
              94     ChatGPT for Better Business Communication                                                                          1
              95     Tableau Data Analyst Certification Prep 2023                                                                       1




124       LAPORAN TAHUNAN 2023                                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
Page 127
5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan            7    Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                  Audited Report




                                                             Judul Training                                            Jumlah Peserta
         No.
                                                              Training Title                                           Total Participant
         96     Risiko Kendaraan Bermotor Listrik Berbasis Baterai (KBLBB) Dikaitkan dengan Jaminan PSAKBI                    1
                The risks of battery-based electric motorized vehicles (KBLBB) linked to the PSAKBI guarantee
         97     The Shifting Role of Secretary in Challenging Business Environment                                            2
         98     Belajar Tuntas Pengukuran PR Terbaru AMEC                                                                     1
                Complete Study of AMEC's Latest PR Measures
         99     Transforming Actuarial Performance After PSAK 117 Implementation                                              2
         100    Takaful Rendezvous                                                                                            2
         101    Practical Electric Vehicle Insurance                                                                          3
         102    Konvensi Nasional Rancangan Standar Kompetensi Kerja Nasional Indonesia (RSKKNI) Bidang                       2
                Perasuransian
                National Convention on the Draft Indonesian National Work Competency Standards (RSKKNI) in the
                Insurance Sector
         103    Achieve Your Highest Priorities                                                                               8
         104    Optimizing Business Continuity Strategy to Achieve Sustainable Objectives                                     10
         105    Quick Tips to Up Your Productivity in Excel: Master Functions, Format Your Spreadsheets, & Analyze            1
                Data with Ease
         106    Tableau Data Analyst Certification Prep 2023                                                                  1
         107    Risiko KBLBB Dikaitkan Dengan Jaminan PSAKBI                                                                  1
                KBLBB Risk That Is Associated With PSAKBI Guarantee
         108    Data Analytic Tableau                                                                                         1
         109    Sewindu Kami Mengabdi, untuk Komunikasi Negeri                                                                4
                8 Years serving for State Communications
         110    Understanding Public Liability Insurance                                                                      1
         111    Project Management                                                                                            3
         112    Managing Reinsurance Risk                                                                                     2
         113    Pertamina Financing School 2023: Alternative Financing Solutions for Pertamina Group Investment               3
                Projects
         114    Nusantara Re Seminar 2023                                                                                     2
         115    Boost Organization Reputation Through Storytelling                                                            1
         116    Protecting Your Organization Reputation During Crisis Through Communication                                   1
         117    The Ultimate Guide for Online Media Monitoring                                                                1
         118    Service Excellence & Handling Customer Complaint                                                              1
         119    Insurance Business Through Technology Provides Opportunities As We As Threats                                 1
         120    Memahami Kebutuhan Data Requirement dalam Menerapkan Implementasi PSAK 117 (IFRS17) dan                       2
                Perhitungan Saldo Awal yang Diakui di Retained Earning
                Understanding the Need for Data Requirements in Implementing PSAK 117 (IFRS17) and Calculating
                the Initial Balance Recognized in Retained Earnings
         121    Cyber (Re) Insurance with the Experts                                                                         1
         122    Language Learning                                                                                             1
         123    AI in Marketing                                                                                               1
         124    The Complete Financial Analyst Course 2023                                                                    1
         125    Critical Thinking Strategies for Better Decisions                                                             1
         126    Master Strategic Thinking and Problem Solving Skills                                                          1
         127    Risk Beyond International Conference on ERM 2023                                                              5
         128    Training Operator K3 Umum                                                                                     1
                General HSE Operator Training
         129    Fund Manager Training                                                                                         5
         130    Mengawal Keberlanjutan dan Pertumbuhan Perseroan Melalui Pengawasan dan Pengendalian Risiko                   3
                Overseeing the Company's Sustainability and Growth Through Supervision and Risk Control
         131    Indonesian Actuaries Congress 2023 Shaping Future Actuaries                                                   2
         132    Best Practice of Claim Property                                                                               1




PT Asuransi Tugu Pratama Indonesia Tbk                                                                               ANNUAL REPORT 2023    125
Page 128
      1   Kilas Kinerja                     2    Laporan Manajemen               3    Profil Perusahaan       4    Analisis dan Pembahasan Manajemen
          Performance Review                     Management Report                    Company Profile              Management Discussion and Analysis




                                                                       Judul Training                                                   Jumlah Peserta
                 No.
                                                                        Training Title                                                  Total Participant
                 133     Administering a SQL Database Infrastructure                                                                             1
                 134     COBIT Foundation Exam Guide                                                                                             1
                 135     Risk Beyond International Conference on ERM 2023                                                                        1
                 136     Mastering Data Visualization: Theory and Foundations                                                                    2
                 137     Writing with an AI Companion: ChatGPT for Business                                                                      1
                 138     Smart Tips: Financial Analysis                                                                                          2
                 139     Smart Tips: Public Speaking                                                                                             1
                 140     Database PostgreSQL: Pemula sampai Mahir                                                                                1
                         Database PostgreSQL: Beginners to Experts
                 141     Data Science & Analytics                                                                                                1
                 142     Data Analyst Bootcamp                                                                                                   1
                 143     COBIT Foundation Exam Guide                                                                                             1
                 144     Total Quality Management Implementation                                                                                 3
                 145     Optimalisasi Branding Asuransi Sosial & Komersial: Menggapai Layanan & Perlindungan Konsumen                            1
                         yang Excellent
                         Optimizing Social & Commercial Insurance Branding: Achieving Excellent Consumer Service & Protection
                 146     Sustainable Investment Through Prudent Investment Process                                                               1
                 147     ESG Synergy for Prosperity: Integrating Social Transformation into Risk Management                                      1
                 148     Navigating Country Risk for Sustainable Growth: Opportunities and Challenges                                            1
                 149     P3K                                                                                                                     1
                 150     Workshop Onsite Data Science for Everyone                                                                               1
                 151     Customer Satisfaction Management                                                                                        1
                 152     General Insurance Actuary Sharing Series “Practical Considerations in IBNR Calculation"                                 2
                 153     AAUI Training Series – Study Biaya Secara Aktuarial (Expense Study)                                                     3
                         AAUI Training Series – Actuarial Expense Study
                 154     Integrated Governance, Risk & Compliance (GRC) untuk Direksi dan Komisaris BUMN                                         1
                         Integrated Governance, Risk & Compliance (GRC) for SOEs Directors and Commissioners
                 155     Port & Terminal Operators Liability Insurance                                                                           1
                 156     Financial Modeling & Valuation in Excel - Complete Course                                                               1
                 157     Accounting & Financial Statement Analysis: Complete Training                                                            1
                 158     Constructive Feedback: Manager's Step-By-Step Guide                                                                     1
                 159     Stress Management - How to Manage Your Stress Effectively                                                               1
                 160     Google Analytics Certification - Get Certified & Earn More                                                              1
                 161     Ubuntu Linux Server Basics                                                                                              1
                 162     SQL & Database Design A-Z™: Learn MS SQL Server + PostgreSQL                                                            1
                 163     Create A Culture of Learning in Your Workplace                                                                          1
                 164     Business Analyst: Software Testing Processes & Techniques                                                               1



  2. Sertifikasi Profesi
     Professional Certification


                                                                   Judul Training                                                    Jumlah Peserta
               No.
                                                                    Training Title                                                   Total Participant
           1           Certified Professional in Organization Development (CPOD)                                                             6
           2           Pelatihan dan Sertifikasi Certified Forensic Auditor (CFrA)-Audit Forensik                                            3
                       Certified Forensic Auditor (CFrA) Training and Certification-Forensic Audit
           3           Pelatihan & Sertifikasi BOSIET                                                                                        1
                       BOSIET Training & Certification
           4           Recognition Current Competency (RCC) QCRO                                                                             3




126       LAPORAN TAHUNAN 2023                                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
Page 129
5   Tata Kelola Perusahaan                6     Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
    Corporate Governance                        Corporate Social Responsibility                    Audited Report




                                                            Judul Training                                            Jumlah Peserta
         No.
                                                             Training Title                                           Total Participant
     5         Pelatihan dan Sertifikasi Certified Forensic Auditor (CFrA)-Fraud Auditing 1                                  2
               Certified Forensic Auditor (CFrA)-Fraud Auditing Training and Certification 1
     6         Pelatihan dan Sertifikasi Certified Forensic Auditor (CFrA)-Fraud Auditing 2                                  2
               Certified Forensic Auditor (CFrA)-Fraud Auditing 2 Training and Certification
     7         Sertifikasi QIA Tingkat Lanjutan                                                                              3
               Advanced QIA Certification
     8         Manajemen Risiko - QRGP                                                                                       3
               Risk Management - QRGP
     9         Recognition Current Competency (RCC) Sertifikat CGP                                                           1
               CGP Certification of Recognition Current Competency (RCC)
     10        Manajemen Risiko - QRMP                                                                                       5
               Risk Management - QRMP
     11        Manajemen Risiko - QCRO                                                                                       3
               Risk Management - QCRO
     12        CFA lvl 1                                                                                                     1
     13        RCC QRGP                                                                                                      3
     14        Certified Human Capital Manager                                                                               1
     15        RCC CRP                                                                                                       1
     16        CHCS BNSP                                                                                                     1
     17        Certified International Project Manager                                                                       1
     18        Pengawas K3 Migas bersertifikasi BNSP                                                                         1
               BNSP certified Oil and Gas OHS supervisor
     19        Continuous Professional Education (CPE) Certified Risk Management Professional (Level III)/Training           1
               Program Pemeliharaan Sertifikat CRMP - BNSP
               Continuous Professional Education (CPE) Certified Risk Management Professional (Level III)/ CRMP
               Certification Maintenance Training Program - BNSP (National Professional Certification Board)
     20        Pelatihan dan Sertifikasi Kepatuhan skema CCP (Certified Compliance Professional)                             1
               CCP (Certified Compliance Professional) Scheme Compliance Training and Certification


3. Pembinaan Rohani dan Krida
   Spiritual and Krida Coaching
                                                            Judul Training                                            Jumlah Peserta
         No.
                                                             Training Title                                           Total Participant
     1.        Activation Kreasi Menu Takjil Tuguers                                                                         16
               Tuguers' Takjil Menu Creation Activation
     2.        Activation Indahnya Kebersamaan Ramadan                                                                       14
               The Wonderful Unity in Ramadan Activation
     3.        Buka Puasa Bersama Anak Yatim                                                                                500
               Iftar with the Orphans
     4.        Activation Tuguers Sambut Hari Kemenangan                                                                     10
               Activation of Tuguers to Welcome the Day of Victory
     5.        Halal Bihalal Hari Raya Idul Fitri 1444 H                                                                    450
               Halal Bihalal of Eid al-Fitr 1444 H
     6.        Tugu Anglers                                                                                                  4
     7.        Activation HUT RI ke-78 : Semangat Bersatu dalam Keharmonisan Untuk #BeraniMelangkahMaju!!                    70
               Activation of 78th Indonesian Anniversary: Spirit of Unity in Harmony to #DareToStepForward!!!
     8.        Activation Semangat Kemerdekaan RI                                                                            7
               The Spirit of Independence Activation
     9.        AAUI Cup 2023                                                                                                 56
     10.       Activation Hari Batik Nasional                                                                                15
               National Batik Day Activation
     11.       Activation Hari Asuransi Nasional                                                                             2
               National Insurance Day Activation




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023   127
Page 130
      1   Kilas Kinerja                  2   Laporan Manajemen          3     Profil Perusahaan    4   Analisis dan Pembahasan Manajemen
          Performance Review                 Management Report                Company Profile          Management Discussion and Analysis




                                                            Judul Training                                               Jumlah Peserta
            No.
                                                             Training Title                                              Total Participant
           12.     Rangkaian Internal Competition 2023                                                                          182
                   Internal Competition Series 2023
           13.     Activation Berhadiah Life at Tugu                                                                            25
                   Life at Tugu's Activation with Prize
           14.     Donor Darah 2023                                                                                             316
                   Blood Donation 2023
           15.     Tuguers Bersama Melangkah Lebih Sehat                                                                        450
                   Tuguers Walk Together to Get Healthier
           16.     The Biggest Loser Diet                                                                                       76
           17.     Employee Gathering 2023                                                                                      480
           18.     Photo Challenge HUT Tugu 42                                                                                   7
           19.     Video Challenge HUT Tugu 42                                                                                  15
           20      Year End Lunch with Directors                                                                                23




  Biaya Pengembangan Kompetensi Tahun 2023
  Employee Development Cost in 2023

  Realisasi biaya pengembangan pekerja tahun 2023 adalah                         The realization of cost for employee development in 2023
  sebesar Rp12.793.635.383 atau 75% dari keseluruhan                             was IDR12,793,635,383 or 75% of the total budget planned
  anggaran yang direncanakan pada RKAP 2023 sebesar                              in the 2023 RKAP of IDR17,097,950,000.
  Rp17.097.950.000.



  Rencana Pengembangan Kompetensi Tahun 2024
  Competency Development Plan for 2024
  Berikut adalah informasi mengenai rencana pelatihan                            The following is information regarding employee training
  karyawan yang akan dilakukan di tahun 2024:                                    plans that will be carried out in 2024:
  1. Individual Development Program for Promoted Employees;                      1. Individual Development Program for Promoted Employees;
  2. Leadership Series for Leaders;                                              2. Leadership Series for Leaders;
  3. Service Training Series;                                                    3. Service Training Series;
  4. Sales Training Series;                                                      4. Sales Training Series;
  5. Digital Training;                                                           5. Digital Training;
  6. Management Trainee Program.                                                 6. Management Trainee Program.




128       LAPORAN TAHUNAN 2023                                                                             PT Asuransi Tugu Pratama Indonesia Tbk
Page 131
 5   Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan             7     Laporan Keuangan
     Corporate Governance                    Corporate Social Responsibility                    Audited Report




Informasi Mengenai Kepemilikan Saham
Shareholding Information




Susunan kepemilikan saham Tugu Insurance pada awal dan                          The following is information regarding Tugu Insurance’s
akhir tahun 2023 berdasarkan catatan yang dibuat oleh Biro                      share ownership at the beginning and end of 2023 based
Administrasi Efek Perseroan, PT Dantindo Entrycom, dapat                        on records made by the Company’s Share Registrar, PT
dilihat sebagai berikut:                                                        Datindo Entrycom:

Komposisi Pemegang Saham Tugu dengan Kepemilikan Saham >5%
Composition of Tugu Shareholders with Share Ownership of >5%
                                                                 2 Januari 2023                                    31 Desember 2023
           Nama Pemegang Saham                                   2 January 2023                                    31 December 2023
             Name of Shareholder                     Jumlah Saham          Kepemilikan Saham           Jumlah Saham*        Kepemilikan Saham
                                                       Total Shares           Shareholding               Total Shares*         Shareholding
 PT Pertamina (Persero)                                  1.040.000.000                    58,50%            2.080.000.000                 58,50%
 UOB Kay Hian Pte. Ltd.                                    282.380.000                    15,88%              565.040.000                 15,89%
 Samsung Fire and Marine Insurance Co. Ltd.                 94.117.000                        5,29%           188.234.000                  5,29%
 Pemegang Saham Lainnya (di bawah 5%)
                                                           361.290.800                    20,32%              722.301.600                 20,32%
 Other shareholders (under 5%)
 Jumlah
                                                         1.777.787.800                        100%          3.555.575.600                  100%
 Total
*setelah stock split dengan rasio 1:2
*after stock split with a ratio of 1:2

Kepemilikan Saham Anggota Dewan Komisaris dan Direksi
Share Ownership of the Board of Commissioners and the Board of Directors
                                                                                                       Kepemilikan Saham pada 31 Desember
                                                  Kepemilikan Saham pada 2 Januari 2023
                                                                                                                        2023
                Nama & Jabatan                      Share Ownership as of 2 January 2023
                                                                                                       Share Ownership as of 31 December 2023
                Name & Position
                                                    Lembar Saham*                                       Lembar Saham
                                                                                      %                                               %
                                                   Number of Shares*                                   Number of Shares
 Dewan Komisaris
 Board of Commissioners
 Dian Masyita
 Presiden Komisaris & Komisaris Independen
                                                            0                         0                        0                      0
 President Commissioner & Independent
 Commissioner
 Bagus Agung Rahadiansyah
 Komisaris                                                  0                         0                        0                      0
 Commissioner
 Samuel Ramna
 Komisaris                                                  0                         0                        0                      0
 Commissioner
 Poerwo Tjahjono
 Komisaris Independen                                       0                         0                        0                      0
 Independent Commissioner
 Tajudin Noor
 Komisaris Independen                                       0                         0                        0                      0
 Independent Commissioner




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023       129
Page 132
      1   Kilas Kinerja                   2   Laporan Manajemen                   3   Profil Perusahaan            4     Analisis dan Pembahasan Manajemen
          Performance Review                  Management Report                       Company Profile                    Management Discussion and Analysis




                                                                                                                       Kepemilikan Saham pada 31 Desember
                                                           Kepemilikan Saham pada 2 Januari 2023
                                                                                                                                        2023
                   Nama & Jabatan                            Share Ownership as of 2 January 2023
                                                                                                                       Share Ownership as of 31 December 2023
                   Name & Position
                                                             Lembar Saham*                                              Lembar Saham
                                                                                                  %                                                    %
                                                            Number of Shares*                                          Number of Shares
      Direksi
      Board of Directors
      Tatang Nurhidayat
      Presiden Direktur                                               29.000                  0,0016%                      132.000                  0,0037%
      President Director
      Emil Hakim
      Direktur Keuangan & Layanan Korporat                            51.000                  0,0029%                      102.000                  0,0029%
      Director of Corporate Finance & Services
      Ery Widiatmoko
      Direktur Pemasaran Asuransi                                       0                         0                            0                       0
      Director of Insurance Marketing
      Edi Yoga Prasetyo
      Direktur Kepatuhan & Manajemen Risiko                             0                         0                            0                       0
      Director of Compliance & Risk Management
      Sudarlin
      Direktur Teknik                                                 2.500                   0,0001%                       15.000                  0,0004%
      Technical Director

  *sebelum aksi korporasi stock split dengan rasio 1:2
  *prior to the corporate action of stock split with a ratio of 1:2



  Pemegang Saham Masyarakat dengan Kepemilikan                                           Public Shareholders with Share Ownership <5%
  Saham <5% (“Free Float”)                                                               (“Free Float”)

  Kelompok pemegang saham masyarakat (“free float”), yaitu                               The public shareholder consists of shareholders, each
  kelompok pemegang saham yang masing-masing memiliki                                    owning less than 5% (five percent) of the Company (“free
  kurang dari 5% (lima persen) saham Perseroan yang mana                                 float”), consisting of:
  terdiri dari:

  Pemodal Nasional:                                                                      National Investors:
  1. Perorangan Indonesia;                                                               1. Indonesian Individuals;
  2. Dana Pensiun;                                                                       2. Pension Funds;
  3. Asuransi;                                                                           3. Insurance;
  4. Bank;                                                                               4. Bank;
  5. Perseroan Terbatas;                                                                 5. Limited Company;
  6. Reksadana.                                                                          6. Mutual Funds.

  Pemodal Asing:                                                                         Foreign Investors:
  1. Perorangan Asing;                                                                   1. Foreign Individuals;
  2. Badan Usaha Asing.                                                                  2. Foreign Institutions.


                                                                               2 Januari 2023                                      31 Desember 2023
               Nama Pemegang Saham                                             2 January 2023                                      31 December 2023
                 Name of Shareholder                          Jumlah Saham             Kepemilikan Saham                Jumlah Saham         Kepemilikan Saham
                                                                Total Shares              Shareholding                    Total Shares          Shareholding
      Pemegang Saham Masyarakat dengan
      Kepemilikan Saham <5% (“Free Float”)
                                                                      361.186.200*                        20,32%             722.052.600                      20,31%
      Public Shareholders with Share Ownership
      <5% (“Free Float”)

  *sebelum aksi korporasi stock split dengan rasio 1:2
  *prior to the corporate action of stock split with a ratio of 1:2




130       LAPORAN TAHUNAN 2023                                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                  Audited Report




Kepemilikan Saham Tidak Langsung Anggota                                        Indirect Share Ownership of Members of Board of
Dewan Komisaris dan Direksi                                                     Commissioners and Directors

Di tahun 2023, seluruh anggota Direksi maupun Dewan                             In 2023 all members of the Board of Directors and Board of
Komisaris Tugu Insurance tidak mempunyai kepemilikan                            Commissioners of Tugu Insurance have no indirect ownership
tidak langsung atas saham Tugu Insurance.                                       of Tugu Insurance’s shares.

Komposisi Pemegang Saham                                                        Composition of Shareholders

Komposisi pemegang saham dan persentase kepemilikan                             Composition of shareholders and percentage of ownership
per akhir tahun buku 31 Desember 2023:                                          as of end of fiscal year ending 31 December 2023:


                                                                                         31 Desember 2023
         Kelompok Pemegang Saham                                                         31 December 2023
              Shareholder Group                                   Jumlah Saham                               Kepemilikan Saham (%)
                                                                    Total Shares                                 Shareholding
 Institusi Lokal
                                                                                    2.259.107.700                                    63,54%
 Local Institutions
 Institusi Asing
                                                                                      965.186.782                                    27,15%
 Foreign Institutions
 Individu Lokal
                                                                                      331.018.318                                     9,31%
 Local Individual
 Individu Asing
                                                                                          262.800                                    0,007%
 Foreign Individual
 Total                                                                              3.555.575.600                                     100%




Informasi Mengenai
Pemegang Saham Utama/Pengendali
Information on Principal/Controlling Shareholders




                                             Pemerintah RI Melalui Kementerian BUMN
                                              Indonesia Goverment throught Ministry of SOEs




                                                         PT Pertamina (Persero)




                                              PT Asuransi Tugu Pratama Indonesia Tbk




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023      131
Page 134
      1   Kilas Kinerja          2   Laporan Manajemen      3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  Pemegang Saham Pengendali Tugu Insurance adalah                    The Controlling Shareholders of Tugu Insurance is
  PT Pertamina (Persero) dengan kepemilikan sebesar                  PT Pertamina (Persero) with 58.50% ownership. Meanwhile,
  58,50%. Sedangkan Pemerintah Republik Indonesia                    the Government of the Republic of Indonesia is the ultimate
  merupakan pemegang saham terakhir Perseroan.                       beneficial owner of the Company.



  Sekilas tentang PT Pertamina (Persero)
  Overview of PT Pertamina (Persero)

  PT Pertamina (Persero) adalah perusahaan energi nasional           PT Pertamina (Persero) is a national energy company whose
  yang sahamnya 100% dimiliki oleh Pemerintah Republik               shares are 100% owned by the Government of the Republic
  Indonesia melalui Kementerian Badan Usaha Milik Negara             of Indonesia, with the Ministry of State-Owned Enterprises
  (BUMN) selaku pemegang saham. Pertamina bergerak dalam             (BUMN) as shareholders. Pertamina is engaged in the
  penyelenggaraan usaha energi, yaitu minyak dan gas bumi,           operation of the energy business, namely oil and gas, new
  energi baru dan terbarukan, serta kegiatan lain yang terkait       and renewable energy, as well as other activities related to or
  atau menunjang kegiatan usaha di bidang energi, yaitu              supporting business activities in the energy sector, namely
  minyak dan gas bumi, energi baru dan terbarukan tersebut           oil and gas, new and renewable energy, and the development
  serta pengembangan optimalisasi sumber daya yang                   of optimization of the Company’s resources.
  dimiliki Perusahaan.

  Alamat:                                                            Address:
  Jl. Medan Merdeka Timur 1A, Jakarta 10110                          Jl. Medan Merdeka Timur 1A, Jakarta 10110

  Pada saat Laporan Tahunan 2023 ini disusun, informasi              At the time this 2023 Annual Report was prepared, the
  mengenai Dewan Komisaris dan Direksi PT Pertamina                  composition of the Board of Commissioners and Directors of
  (Persero) adalah sebagai berikut:                                  PT Pertamina (Persero) was as follows:

  Dewan Komisaris:                                                   Board of Commissioners:
  • Vacant: Komisaris Utama                                          • Vacant: President Commissioner
  • Heru Pambudi: Komisaris                                          • Heru Pambudi: Commissioner
  • Letjen TNI (Mar) (Purn) Bambang Suswantono, S.H.                 • Letjen TNI (Mar) (Purn) Bambang Suswantono, S.H.
  • M.H., M.Tr. (Han): Komisaris                                     • M.H., M.Tr. (Han): Commissioner
  • Alexander Lay: Komisaris Independen                              • Alexander Lay: Independent Commissioner
  • Ahmad Fikri Assegaf: Komisaris Independen                        • Ahmad Fikri Assegaf: Independent Commissioner
  • Iggi H. Achsien: Komisaris Independen                            • Iggi H. Achsien: Independent Commissioner

  Direksi:                                                           Board of Directors:
  • Nicke Widyawati: Direktur Utama                                  • Nicke Widyawati: President Director
  • Wiko Migantoro: Wakil Direktur Utama                             • Wiko Migantoro: Deputy President Director
  • Alfian Nasution: Direktur Logistik & Infrastruktur               • Alfian Nasution: Director of Logistics & Infrastructure
  • Emma Sri Martini: Direktur Keuangan                              • Emma Sri Martini: Director of Finance
  • M. Erry Sugiharto: Direktur Sumber Daya Manusia                  • M. Erry Sugiharto: Director of Human Capital
  • Erry Widiastono: Direktur Penunjang Bisnis                       • Erry Widiastono: Director of Corporate Services
  • Atep Salyadi Dariah Saputra: Direktur Strategi, Portofolio,      • Atep Salyadi Dariah Saputra: Director of Strategy,
     dan Pengembangan Usaha                                             Portfolio and New Ventures
  • Ahmad Siddik Badruddin: Direktur Manajemen Risiko                • Ahmad Siddik Badruddin: Director of Risk Management




132       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7     Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                     Audited Report




Struktur Grup Perusahaan
Company Group Structure




Per 31 Desember 2023, struktur grup Tugu Insurance mulai                        The following chart details the structure of the Tugu
dari entitas induk, entitas anak, hingga entitas asosiasi yang                  Insurance group, including the parent entity, subsidiaries,
dimiliki dapat dilihat sebagai berikut:                                         associates, as of 31 December 2023:




                                              99,99%                   30,00%                     14,83%


           27,50%                             PT TUGU              PT ASURANSI                 PT REASURANSI
                                              PRATAMA             SAMSUNG TUGU                    MAIPARK
                                             INTERINDO                                           INDONESIA




          72,50%                   100%                     99,99%                  99,90%                  50,74%                 5,28%


          TUGU                TRB (LONDON)               PT PRATAMA               PT SYNERGY               PT TUGU             PT ASURANSI
       INSURANCE                LIMITED                     MITRA                     RISK               REASURANSI               STACO
        COMPANY                                             SEJATI               MANAGEMENT               INDONESIA              MANDIRI
         LIMITED                                                                 CONSULTANS




             Entitas Anak | Subsidiaries                 Entitas Asosiasi | Associates                 Penyertaan Langsung | Direct Participation




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023       133
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      1     Kilas Kinerja                  2   Laporan Manajemen           3      Profil Perusahaan        4    Analisis dan Pembahasan Manajemen
            Performance Review                 Management Report                  Company Profile               Management Discussion and Analysis




  Entitas Anak dan Entitas Asosiasi
  Subsidiaries and Associates




  Entitas Anak
  Subsidiaries

  Daftar dan Profil Entitas Anak Kepemilikan Langsung
  List and Profile of Direct Subsidiary

                                                                   Tahun Awal
                                                                                                            Jumlah Aset Sebelum
                                                                    Kegiatan
          Perusahaan                                                                 Kepemilikan (%)         Eliminasi (dalam Rp)              Status
                                                                    Komersil
          Entitas Anak     Bidang Usaha           Domisili                            Ownership (%)      Total Assets Before Elimination       Operasi
                                                                     Starting
           Subsidiary      Business Field         Location                                                           (in IDR)                 Operational
                                                                      Year of
            Company                                                                                                                             Status
                                                                   Commercial
                                                                     Activities       2023       2022          2023             2022

      PT Tugu Pratama      Investasi saham     Wisma Tugu II          1994            99,99      99,99   3.992.978.986      3.914.076.193    Beroperasi
      Interindo            Stock               Lantai 8, Jalan                                                                               Operating
      (Interindo)          Investment          HR. Rasuna
                                               Said Kav. C
                                               7, Kuningan
                                               Jakarta 12920.


  Daftar dan Profil Entitas Anak Kepemilikan Tidak Langsung melalui Interindo
  List and Profile of Indirect Subsidiaries through Interindo

                                                                   Tahun Awal
                                                                    Kegiatan                                Jumlah Aset Sebelum
          Perusahaan                                                                 Kepemilikan (%)         Eliminasi (dalam Rp)              Status
                                                                    Komersil
          Entitas Anak     Bidang Usaha           Domisili                            Ownership (%)      Total Assets Before Elimination       Operasi
                                                                     Starting
           Subsidiary      Business Field         Location                                                           (in IDR)                 Operational
                                                                      Year of
            Company                                                                                                                             Status
                                                                   Commercial
                                                                     Activities       2023       2022          2023             2022
      PT Pratama           Real estate,        Wisma Tugu             1990            99,99      99,99   2.475.050.589      2.233.741.431    Beroperasi
      Mitra Sejati         persewaan,          Raden                                                                                         Operating
      (“PMS”)*             pengembangan        Saleh, Jl. Raden
                           dan jasa servis     Saleh No. 44,
                           real estate,        Jakarta 10330
                           perdagangan
                           Real estate,
                           rental,
                           development
                           and service real
                           estate, trading
      PT Synergy Risk      Manajemen           Wisma Tugu II,         1995            99,90      99,90    62.352.335         56.277.980      Beroperasi
      Management           Risiko, Surveyor    Lantai 4 Jl. HR.                                                                              Operating
      Consultants          dan Penilai         Rasuna Said,
      (“Synergy”)          Risk                Kav. C7, Jakarta
                           Management,         12920
                           Surveyor and
                           Valuation
      TRB (London)         Broker dan          Chase End,             1987           100,00     100,00     692.537             750.207       Run-Off
      Limited (“TRB”)*     Konsultan           Cobbins Chase,
                           Reasuransi          Burnham on
                           Brokerage and       Crouch, Essex
                           Reinsurance         CM0 8QF,
                           Consultant          England




134        LAPORAN TAHUNAN 2023                                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
Page 137
 5     Tata Kelola Perusahaan            6   Tanggung Jawab Sosial Perusahaan                7    Laporan Keuangan
       Corporate Governance                  Corporate Social Responsibility                      Audited Report




                                                              Tahun Awal
                                                               Kegiatan                                  Jumlah Aset Sebelum
     Perusahaan                                                                 Kepemilikan (%)           Eliminasi (dalam Rp)            Status
                                                               Komersil
     Entitas Anak      Bidang Usaha          Domisili                            Ownership (%)        Total Assets Before Elimination     Operasi
                                                                Starting
      Subsidiary       Business Field        Location                                                             (in IDR)               Operational
                                                                 Year of
       Company                                                                                                                             Status
                                                              Commercial
                                                                Activities      2023       2022           2023              2022
 Tugu Insurance       Asuransi Umum      28/F United Asia         1965          100,00    100,00     2.546.789.784    2.604.916.346      Beroperasi
 Company Limited      General            Finance Centre                                                                                  Operating
 (TIC)**              Insurance          333 Lockhart
                                         Road, Wanchai,
                                         Hong Kong
 PT Tugu              Reasuransi         Wisma Tugure             1987          50,74      50,74     5.901.020.745    5.208.481.687      Beroperasi
 Reasuransi           Reinsurance        Jl. Raden Saleh                                                                                 Operating
 Indonesia (TRI)*                        No. 50, Jakarta
                                         10330.

*) Pemilikan tidak langsung melalui entitas anak, Interindo
**) Pemilikan tidak langsung melalui entitas anak, Interindo sebesar 72,5% dan pemilikan langsung sebesar 27,5%
*) Indirect ownership through subsidiary, Interindo
**) Indirect ownership through subsidiary, Interindo of 72.5% and direct ownership of 27.5%.



Entitas Asosiasi
Associate Entities

Daftar dan Profil Entitas Asosiasi Langsung
List and Profile of Direct Associates Entities

                                                                       Tahun Awal
   Perusahaan                                                            Kegiatan                    Kepemilikan (%)                Status Operasi
 Entitas Asosiasi          Bidang Usaha            Domisili              Komersil                     Ownership (%)                   Operational
    Associates             Business Field          Location            Starting Year
                                                                                                                                        Status
     Company                                                          of Commercial
                                                                         Activities
                                                                                                 2023                2022
 PT Asuransi            Asuransi Umum         AIA Central, 27th            1996                  30,00               30,00              Beroperasi
 Samsung Tugu           General Insurance     Floor, Jl. Jend.                                                                          Operating
                                              Sudirman, Kav.
                                              48A, Jakarta
                                              12930, Indonesia




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           Performance Review                Management Report             Company Profile                 Management Discussion and Analysis




  Daftar dan Profil Penyertaan Langsung
  List and Profile of Direct Participation

          Perusahaan                                                   Tahun Awal
          Penyertaan                                                     Kegiatan                 Kepemilikan (%)                   Status Operasi
           Langsung             Bidang Usaha          Domisili           Komersil                  Ownership (%)                      Operational
             Direct             Business Field        Location         Starting Year
                                                                                                                                        Status
          Participation                                               of Commercial
            Company                                                      Activities
                                                                                               2023                  2022
      PT Reasuransi        Reasuransi Risiko      Multivision Tower        2003                14,83                14,58          Beroperasi
      Maipark Indonesia    Khusus                 lantai 8, Jl.                                                                    Operating
                           Special Risk           Kuningan Mulia
                           Reinsurance            Blok 9 B, Jakarta
                                                  12960.


  Daftar dan Profil Entitas Asosiasi melalui Interindo
  List and Profile of Associates through Interindo

                                                                       Tahun Awal
                                                                         Kegiatan                 Kepemilikan (%)
        Perusahaan                                                                                                                  Status Operasi
                                Bidang Usaha          Domisili           Komersil                  Ownership (%)
      Entitas Asosiasi                                                                                                                Operational
                                Business Field        Location         Starting Year
         Associates                                                                                                                     Status
                                                                      of Commercial
                                                                         Activities
                                                                                               2023                  2022
      PT Asuransi Staco    Asuransi Umum          Jl. Kebon Kacang         1990                5,28                  5,28          Beroperasi
      Mandiri              General Insurance      Raya No.25 Lantai                                                                Operating
                                                  3-4, Tanah Abang,
                                                  Jakarta Pusat
                                                  10240




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      Corporate Governance                    Corporate Social Responsibility                  Audited Report




Kronologi Penerbitan dan/atau Pencatatan Saham
Share Issuance and/or Share Listing Chronology


Penawaran Perdana Saham
Initial Public Offering

Pada 17 Mei 2018 Tugu Insurance memperoleh pernyataan                            On 17 May 2018, Tugu Insurance obtained an effective
efektif dari Otoritas Jasa Keuangan (OJK) dengan suratnya                        statement from the Financial Services Authority (OJK) with
No. S50/D.04/2018 untuk melakukan Penawaran Umum                                 its letter No. S50/D.04/2018 to conduct an Initial Public
Perdana Saham (Initial Public Offering atau IPO) kepada                          Offering (IPO) of 177,777,800 shares with a nominal
masyarakat sebanyak 177.777.800 saham dengan nilai                               value of IDR100 per share and an initial share price of
nominal Rp100 per saham dan harga saham perdana                                  IDR3,850 per share. The Company’s shares were listed on
Rp3.850 per saham. Saham Perseroan tersebut dicatatkan                           the Indonesia Stock Exchange on 28 May 2018 with the
di Bursa Efek Indonesia (BEI) pada tanggal 28 Mei 2018                           stock code “TUGU”. As of 31 December 2018, all of the
dengan kode saham “TUGU”. Pada tanggal 31 Desember                               Company’s shares have been listed on the Indonesia Stock
2018 seluruh saham Perseroan telah dicatatkan pada Bursa                         Exchange (IDX).
Efek Indonesia (BEI).

Kronologis Pencatatan Saham dan Perubahan Jumlah Saham
Chronology of Stock Listing and Changes in Number of Shares
                                                                                                         Nilai Nominal
    Tahun                            Aksi Korporasi                                  Jumlah Saham         per Lembar          Modal Disetor
     Year                            Corporate Action                                  Total Shares      Nominal Value        Paid-in Capital
                                                                                                           per Share
    2018     Penawaran Perdana | Initial Offering
             • Saham Pendiri                                                         1.600.000.000           Rp100          Rp160.000.000.000
                  Founder’s Shares
             • Penawaran Umum Perdana Saham                                           177.777.800            Rp100          Rp17.777.780.000
                  Initial Public Offering Total
             Total Pencatatan Saham di BEI                                           1.777.777.800                          Rp177.777.780.000
             Listing on IDX
    2022     Hasil Pelaksanaan Opsi MESOP Tahap 3                                        10.000              Rp100             Rp1.000.000
             tanggal 20 September 2022
             Implementation Result of MESOP Option Phase 3
             dated 20 September 2022
             Total Pencatatan Saham di BEI                                           1.777.787.800                          Rp177.778.780.000
             Total Stock Listing on the IDX
    2023     Melakukan Stock Split pada tanggal 24 Mei 2023 dengan rasio 1:2         3.555.575.600            Rp50          Rp177.778.780.000
             Conduct Stock Split on 24 May 2023, with a ratio of 1:2




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          Performance Review           Management Report                  Company Profile            Management Discussion and Analysis




  Kronologi Penerbitan dan/atau
  Pencatatan Efek Lainnya
  Chronology of the Issuance and/or the Listing of Other Securities



  Hingga 31 Desember 2023, Tugu Insurance tidak                              As of 31 December 2023, Tugu Insurance has not issued
  menerbitkan Efek lainnya dalam bentuk apapun selain yang                   any other securities other than those described in the Stock
  telah dipaparkan pada Kronologis Penerbitan dan Pencatatan                 Issuance and Listing Chronology above. Therefore, there
  Saham di atas. Dengan demikian, tidak terdapat informasi                   is no information regarding other securities, the year of
  tentang nama efek lainnya, tahun penerbitan efek lainnya,                  issuance of other securities, interest rate/return of other
  tingkat bunga/imbalan efek lainnya, tanggal jatuh tempo efek               securities, the maturity date of other securities, offering
  lainnya, nilai penawaran efek lainnya, nama bursa dimana                   value of other securities, name of exchange where other
  efek lainnya dicatatkan, dan peringkat efek.                               securities are listed, and rating of securities.




  Informasi Mengenai
  Kantor Akuntan Publik dan Akuntan Publik
  Information Regarding Public Accountant Firm and Public Accountant


      Nama KAP                     Amir Abadi Jusuf, Aryanto, Mawar, dan Rekan (Member of the RSM Network)
      Name of PAF
      Alamat                       Plaza Asia Building, 10th Floor,
      Address                      Jl. Jend. Sudirman Kav. 59,
                                   Jakarta 12190
      Nama Akuntan Publik          Bimo Iman Santoso
      Name of Public Accountant
      Jasa yang Diberikan          Melakukan audit dan menerbitkan laporan audit atas laporan keuangan konsolidasian dari Perseroan dan Entitas
      Service Provided             Anak untuk tahun buku yang berakhir tanggal 31 Desember 2023
                                   Conduct audits and issue audit reports on the consolidated financial statements of the Company and
                                   Subsidiaries for the fiscal year ending 31 December 2023
      Periode Penugasan            Tahun Buku 2023
      Service Period               Fiscal Year 2023
      Biaya Jasa (Fee) Audit       Rp1.480.000.000 (diluar PPN)
      Audit Fee                    IDR1,480,000,000 (excluding VAT)
      Biaya Jasa (Fee) Non-Audit   Tidak memberikan jasa non-audit.
      Non-Audit Fee                Does not provide non-audit services.




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Lembaga dan/atau Profesi
Penunjang Pasar Modal Lainnya
Other Capital Market Supporting Institutions and/or Professions


Biro Administrasi Efek (BAE)
Share Registrar

 Nama BAE
                                                        PT Datindo Entrycom
 Name of Share Registrar
 Alamat                                                 Jl. Hayam Wuruk No. 28
 Address                                                Jakarta Pusat 10120




Notaris
Notary

 Nama Notaris
                                                        Jose Dima Satria SH., M.Kn.,
 Name of Notary
 Alamat                                                 Komplek Taman Gandaria No. 11 A, RT.8/RW.3
 Address                                                Gandaria Selatan, Cilandak
                                                        Jakarta 12420
                                                        Telp/Fax: (62 21) 29125500
                                                        Email: jose@josedima99.com/josedima99@gmail.com




Konsultan Hukum
Legal Consultant

 Nama Konsultan Hukum
                                                        Nurjadin Sumono Mulyadi & Partners
 Name of Legal Consultant
 Alamat                                                 Gedung Bursa Efek Indonesia,
 Address                                                Tower 1, Lantai 26/26th Floor
                                                        Jl. Jend. Sudirman Kav 52-53
                                                        Jakarta 12190, Indonesia
                                                        Telp: + 62 21 515 1788
                                                        Fax: + 62 21 515 0880




Kantor Jasa Penilai Publik (KJPP)
Registered Public Appraiser

 Nama KJPP
                                                        Ruky Safrudin & Rekan
 Name of Registered Public Appraiser
 Alamat                                                 Perkantoran Gedung Gajah Blok H, Jl. Dr. Saharjo No. 111, Kelurahan Tebet Barat, Kecamatan
 Address                                                Tebet, Jakarta Selatan 12810




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04
Analisis dan
Pembahasan
Manajemen
Management Discussion and Analysis
Page 143

          
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  Tinjauan Makroekonomi
  Macroeconomic Review




  Rapat Dewan Komisioner Bulanan Otoritas Jasa Keuangan            The Monthly Board of Commissioners Meeting of the
  (OJK) pada 3 Januari 2024 menilai stabilitas sektor jasa         Financial Services Authority (OJK) on 3 January 2024
  keuangan nasional terjaga, didukung oleh permodalan yang         assessed that the stability of the national financial
  kuat dan likuiditas yang memadai serta profil risiko yang        services sector is well-maintained, supported by strong
  terjaga sehingga mampu menghadapi potensi perlambatan            capital and sufficient liquidity, as well as a maintained risk
  pertumbuhan ekonomi global.                                      profile to be able to face the potential slowdown in global
                                                                   economic growth.

  Indikator perekonomian menunjukkan moderasi                      Economic indicators show moderation in economic growth
  pertumbuhan ekonomi di beberapa negara, khususnya di             in several countries, especially in the European Union and
  negara Uni Eropa dan Tiongkok. Perlambatan pertumbuhan           China. The economic growth slowdown has pushed inflation
  ekonomi mendorong inflasi turun mendekati target inflasi         lower and closer to the inflation target, allowing room for
  sehingga memberikan ruang bagi bank sentral untuk lebih          central banks to be more accommodative. In the United
  akomodatif. Di Amerika Serikat (AS), the Fed mengisyaratkan      States (US), the Fed indicated that it would cut its policy
  akan menurunkan suku bunga kebijakan sebesar 75 bps              interest rates by 75 bps in 2024 where the market assessed
  di 2024 dimana pasar menilai ekonomi AS masih cukup              that the US economy is still fairly resilient and is not
  resilient dan diperkirakan tidak akan mengalami resesi.          expected to enter a recession.

  Namun demikian, pasar masih mencermati perkembangan              However, the market is still carefully following the geopolitical
  geopolitik ke depan, seperti eskalasi ketegangan di              developments, such as the escalation of tensions in the
  laut merah imbas dari konflik Palestina-Israel, serta            Red Sea due to the Palestinian-Israeli conflict, as well as
  penyelenggaraan pemilihan umum yang mencakup 50 persen           organizing elections that cover 50 percent of the world's
  populasi dunia terutama di beberapa negara utama seperti         population especially in some key countries such as the US,
  AS, Uni Eropa, India, dan Taiwan.                                EU, India, and Taiwan.

  Secara umum sentimen di pasar keuangan gobal cenderung           In general, sentiment in global financial markets tends to
  positif pada Desember 2023 didukung oleh ekspektasi              be positive in December 2023 supported by expectations of
  penurunan suku bunga Fed Funds Rate (FFR) dan narasi soft        a reduction in the Fed Funds Rate (FFR) and a soft-landing
  landing di AS, sehingga mendorong kembalinya aliran dana         narrative in the US, thus encouraging the return of fund
  masuk ke Emerging Markets (EM) dan penguatan pasar               inflows to Emerging Markets (EM) and strengthening global
  keuangan global, termasuk pasar keuangan Indonesia.              financial markets, including the Indonesian financial market.
  Volatilitas baik di pasar saham, surat utang, maupun nilai       Volatility in the stock market, bonds, and exchange rates
  tukar juga terpantau menurun.                                    were also observed to decrease.

  Di sisi lain, pertumbuhan ekonomi Indonesia masih terbilang      Meanwhile, Indonesia's economic growth is still fairly
  tangguh di tengah dinamika yang terjadi. Data Badan Pusat        resilient despite the dynamics that occur. Data from the
  Statistik (BPS) mencatat perekonomian Indonesia 2023 yang        Statistics Indonesia (BPS) recorded that the Indonesian
  diukur berdasarkan Produk Domestik Bruto (PDB) atas dasar        economy in 2023, as measured by Gross Domestic Product
  harga berlaku mencapai Rp20.892,4 triliun dan PDB per            (GDP) at current prices, reached IDR20,892.4 trillion and
  kapita mencapai Rp75,0 juta atau US$4.919,7.                     GDP per capita reached IDR75.0 million or US$4,919.7.

  Ekonomi Indonesia tahun 2023 tumbuh sebesar 5,05                 Indonesia's economy in 2023 experienced a growth
  persen, lebih rendah dibanding capaian tahun 2022 yang           of 5.05 percent, lower than the achievement in 2022
  mengalami pertumbuhan sebesar 5,31 persen. Dari sisi             which increased by 5.31 percent. In terms of production,
  produksi, pertumbuhan tertinggi terjadi pada Lapangan            the highest growth occurred in the Transportation and
  Usaha Transportasi dan Pergudangan sebesar 13,96 persen.         Warehousing Business Field at 13.96 percent. As
  Sementara dari sisi pengeluaran pertumbuhan tertinggi            for expenditure, the highest growth was achieved by



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     Corporate Governance                                 Corporate Social Responsibility                             Audited Report




dicapai oleh Pengeluaran Konsumsi Lembaga Nonprofit yang                                          Consumption Expenditure of Nonprofit Institutions Serving
Melayani Rumah Tangga (PK-LNPRT) sebesar 9,83 persen.                                             Households (PK-LNPRT) by 9.83 percent.




                                          Pertumbuhan Produk Domestik Bruto (PDB), 2017-2023
                                           Gross Domestic Product (GDP) Growth Rate, 2017-2023
                                                                    (%)
                  5,07                   5,17                                                                                                5,31                       5,05
                                                                    5,02

                                                                                                                     3,70




                                                                                              2020


                  2017                   2018                       2019                                             2021                    2022                       2023
                                                                                              -2,07



                  Pertumbuhan PDB                                                                                 Pertumbuhan PDB
          Menurut Lapangan Usaha, 2023 (%)                                                                 Menurut Pengeluaran, 2023 (%)
          GDP Growth Rate by Business Field (%)                                                          GDP Growth Rate by Expenses, 2023 (%)
                                                                     13,96


                                                                                                                     9,83
                                                                    1,30
                         6,12
                                                     4,85                           5,33              4,82
                                      4,64                                                                                                       4,40
                                                                                                                                  2,95
     1,30                                                                                                                                                      1,32



                                                                                                                                                                               -1,65




    Pertanian      Pertambangan &    Industri     Perdagangan & Transportasi &      Lainnya         Konsumsi   Konsumsi LNPRT     Konsumsi       PMTB          Ekspor           Impor
    Agriculture       Penggalian   Pengolahan        Reparasi      Pergudangan      Others        Rumah Tangga    Non-profit     Pemerintah  Gross Fixed       Export          Import
                       Mining &   Manufacturing   Trade & Repair Transportation &                  Household     Institutions   Government Capital Formation
                       Quarrying                                   Warehousing                    Consumption       serving     Consumption     (PMTB)
                                                                                                                 Households
                                                                                                                   (LNPRT)
                                                                                                                Consumption
    Sumber : Badan Pusat Statistik
    Source: Statistics Indonesia



Meskipun terdapat tantangan global, seperti ketidakpastian                                        Despite global challenges, such as geopolitical uncertainty
geopolitik dan perubahan kebijakan moneter di beberapa                                            and monetary policy changes in several countries,
negara, pasar keuangan Indonesia menunjukkan ketahanan                                            Indonesia's financial markets showed positive resilience.
yang positif. Penurunan volatilitas di pasar saham, surat                                         Decreased volatility in the stock market, bonds, and
utang, dan nilai tukar mencerminkan stabilitas yang                                               exchange rate reflects the growing stability. With solid
semakin kuat. Dengan proyeksi pertumbuhan ekonomi                                                 economic growth projected for 2023, Indonesia is ready
yang solid untuk tahun 2023, Indonesia siap menghadapi                                            to face global challenges, maintain economic stability, and
berbagai tantangan global, menjaga stabilitas ekonomi, dan                                        make a positive contribution to the world economy.
memberikan kontribusi positif bagi perekonomian dunia.



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  Tinjauan Industri
  Industry Review




  Industri Asuransi
  Insurance Industry

  Membaiknya kondisi ekonomi pasca pandemi menjadi                                  Improving economic conditions following the pandemic has
  katalis positif bagi industri asuransi. Kondisi pandemi                           been a positive catalyst for the insurance industry. The
  yang berlangsung selama 3 tahun membuat masyarakat                                3-year pandemic has heightened public awareness of the
  semakin memahami pentingnya asuransi dan berhasil                                 importance of insurance and had a positive impact on the
  memberikan dampak positif bagi industri asuransi secara                           insurance industry in general. As a result, the insurance
  umum. Untuk itu, industri asuransi terus beradaptasi                              industry continues to adapt quickly in order to maintain
  secara cepat agar tetap dapat membukukan capaian positif                          positive achievements on an ongoing basis.
  secara berkesinambungan.

  Industri asuransi juga berperan penting dalam roda                                The insurance industry also plays an important role in
  perekonomian yang memiliki peran penting untuk melindungi                         the economy which has an important role in preventing
  kejadian tidak terduga atas risiko-risiko yang dapat                              unexpected events from risks that might affect business
  berdampak kepada badan usaha maupun individu. Dalam                               entities and individuals. In the financial ecosystem, the
  ekosistem keuangan, industry asuransi juga berperan aktif                         insurance industry also plays an active role that encourages
  mendorong pertumbuhan industri lainnya.                                           other industrial growth.

  Berikut disajikan ekosistem asuransi dalam kurun waktu 5                          The following show the insurance ecosystem over the past
  tahun belakangan ini:                                                             5 years:

                            Deskripsi
                                                                  2018               2019            2020          2021           2022           2023
                            Description
      Asuransi Umum                                                      76                 73              72            71             72             72
      General Insurance
      Reasuransi                                                             6               6               6            6               7             7
      Reinsurance
      Asuransi Jiwa                                                      59                 53              52            53             53             49
      Life Insurance
      Program Jaminan Sosial                                                 2               2               2             2              2              2
      Social Security Program
      Asuransi Sosial untuk PNS, TNI-Polri                                   3               3               3             3              3              2
      Social Insurance For Civil Servants,
      Armed Forces And Police




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                 Jasa Penunjang Asuransi
                                                               2018               2019                2020           2021           2022         2023
               Insurance Supporting Services
 Pialang Asuransi                                                       169           161                160              156          155             152
 Insurance Broker
 Pialang Reasuransi                                                      42              42                  42             41             41              41
 Reinsurance Broker
 Penilai Klaim                                                           27              27                  26             26             27              28
 Loss Adjuster

Sumber : OJK
Source : OJK


Industri asuransi di Indonesia memiliki peluang yang cukup                        The insurance industry in Indonesia has substantial
besar, dimana Indonesia memiliki jumlah penduduk yang                             opportunities, where Indonesia has a large population
besar dan didominasi oleh kelas menengah. Walaupun                                and is dominated by the middle class. Despite a decline
penetrasi asuransi di Indonesia dalam dua tahun terakhir                          in insurance penetration in Indonesia over the past two
mengalami penurunan, namun total premi bruto industri                             years, the insurance industry's total gross premiums have
asuransi telah mengalami pemulihan dan terus mengalami                            rebounded and are still rising since the COVID-19 pandemic
peningkatan sejak pandemi COVID-19 di tahun 2020. Hal                             in 2020. This is also in line with the insurance industry's
ini juga sejalan dengan peningkatan densitas asuransi per                         annual increase in insurance density. Insurance density is
tahun industri asuransi. Densitas asuransi merupakan                              a measure of the average community income allocated to
ukuran rata-rata pendapatan masyarakat yang disisihkan                            insurance products in one year, while insurance penetration
untuk produk asuransi dalam satu tahun, sedangkan                                 is the insurance industry funds compared to Gross Domestic
penetrasi asuransi adalah dana industri asuransi yang                             Product (GDP).
dibandingkan dengan Produk Domestik Bruto (PDB).

                                              Premi Bruto                        Penetrasi Asuransi                         Densitas Asuransi/Tahun
                                             Gross Premium                      Insurance Penetration                         Insurance Density/Year
               PDB     Populasi
               GDP     Population                 Non                                     Non
                                     Industri                 Jiwa        Industri                           Jiwa     Industri      Non Jiwa       Jiwa
                                                  Jiwa                                    Jiwa
 Tahun                               Industry                  Life       Industry                            Life    Industry      Non Life        Life
                                                 Non Life                                Non Life
  Year
              Rp                        Rp           Rp         Rp
                         Dalam                                                                                        Rp Ribu       Rp Ribu      Rp Ribu
           Triliun                   Triliun      Triliun    Triliun
                           Juta                                               %               %               %          IDR           IDR          IDR
             IDR                       IDR          IDR        IDR
                        In Million                                                                                    Thousand      Thousand     Thousand
           Trillion                  Trillion     Trillion   Trillion
 2019       15.834             268       478,7       80,1      185,3          3,03%           0,51%          1,17%          1.704          299          692
 2020       15.434             271       447,4       76,9      171,9          3,23%           0,50%          1,11%          1.747          285          634
 2021       16.971             273       520,0       76,9      184,3          3,06%           0,45%          1,09%          1.899          281          675
 2022       19.588             276       532,9       89,7      170,0          2,72%           0,46%          0,87%          1.931          325          616
 2023       20.892             279       551,4      111,4      151,7          2,64%           0,53%          0,73%          1.977          399          544

Sumber : OJK
Source : OJK




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  Aset Industri                                                                      Industry Assets
  Dari sisi aset, industri asuransi Indonesia mencatatkan                            In terms of assets, the Indonesian insurance industry
  pertumbuhan sebesar 68,6% dengan total nilai sebesar                               recorded a growth of 68.6% with a total value of IDR1,843.0
  Rp1.843,0 triliun, sementara di tahun sebelumnya hanya                             trillion, while the previous year was only recorded at
  tercatat sebesar Rp1.093,0 triliun. Kontribusi terbesar dari                       IDR1,093.0 trillion. The largest contribution of the asset
  porsi aset berasal dari Asuransi Lainnya (Asuransi Sosial &                        portion came from Other Insurance (Social Insurance &
  ABRI) yaitu 54% dengan nilai Rp995,1 triliun, jumlah tersebut                      Insurance for Indonesian Armed Forces) at 54% with a value
  naik signifikan sebesar 259,8% jika dibandingkan dengan                            of IDR995.1 trillion, a significant increase of 259.8% when
  catatan tahun sebelumnya yang berjumlah sebesar Rp276,6                            compared to the previous year's record of IDR276.6 trillion,
  triliun, sebagaimana grafis dan tabel berikut ini:                                 as shown in the following graph and table:

  Aset Industri Asuransi                                                                                                                       (dalam Rp Triliun)
  Insurance Industry Assets                                                                                                                       (in IDR Trillion)



                       1.843,0



           1.093,0
                                                       995,1

                                                                          585,9      587,7

                                            276,6                                                                   224,0
                                                                                                         196,8
                                                                                                                                      33,8          36,2


              Industri Asuransi      Others (Asuransi Sosial & ABRI)        Asuransi Jiwa                 Asuransi Umum                    Reasuransi
             Insurance Industry    Others (Social Insurance & Insurance     Life Insurance               General Insurance                 Reinsurance
                                      for Indonesian Armed Forces)
                                                                                                                                    2022           2023



                           Pertumbuhan dan Porsi Aset                                           Tumbuh                                 Porsi
                              Growth and Asset Share                                             Grow                                 Portion
      Others (Asuransi Sosial & ABRI)                                                                           259,8%                                   54,0%
      Others (Social Insurance & Insurance for Indonesian Armed Forces)
      Asuransi Jiwa                                                                                               0,3%                                   31,9%
      Life Insurance
      Asuransi Umum                                                                                              13,9%                                   12,2%
      General Insurance
      Reasuransi                                                                                                  7,0%                                     2,0%
      Reinsurance
      Industri Asuransi                                                                                          68,6%                                     100%
      Insurance Industry

  Sumber : OJK Diolah
  Source : OJK, Processed


  Ekuitas Industri                                                                   Industry Equity
  Dari sisi ekuitas, industri asuransi Indonesia mencatatkan                         In terms of equity, the Indonesian insurance industry
  pertumbuhan sebesar 10,7% dengan total nilai sebesar                               recorded a growth of 10.7% with a total value of IDR287.2
  Rp287,2 triliun, sementara di tahun sebelumnya hanya                               trillion, while in the previous year it was only recorded at
  tercatat sebesar Rp259,3 triliun. Kontribusi terbesar dari                         IDR259.3 trillion. The largest contribution came from life
  porsi ekuitas berasal dari asuransi jiwa yaitu 44,1% dengan                        insurance at 44.1% with a value of IDR126.6 trillion, an
  nilai Rp126,6 triliun, yang mengalami pertumbuhan sebesar                          increase of 22.9%, surpassing the previous year's record
  22,9% jika dibandingkan dengan tahun sebelumnya yang                               of IDR102.9 trillion. On the contrary, the value of other
  tercatat sebesar Rp102,9 triliun. Di sisi lain, asuransi                           insurance (social insurance and insurance for the Indonesian
  lainnya (asuransi sosial & ABRI) mengalami penurunan                               armed forces) decreased by 19.3% to IDR63.8 trillion from




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sebesar 19,3% yaitu sebesar Rp63,8 triliun, sementara                             IDR79.1 trillion in the previous year. It is as shown in the
di tahun sebelumnya tercatat sebesar Rp79,1 triliun,                              table and graph below:
sebagaimana grafis dan tabel berikut ini:

Ekuitas Industri Asuransi                                                                                                                       (dalam Rp Triliun)
Insurance Industry Equity                                                                                                                          (in IDR Trillion)



                  287,2
      259,3




                                                  126,6
                                    102,9
                                                                                  88,5               79,1
                                                                     70,7                                         63,8

                                                                                                                                       6,6           8,3


        Industri Asuransi                Asuransi Jiwa                 Asuransi Umum           Others (Asuransi Sosial & ABRI)              Reasuransi
       Insurance Industry                Life Insurance               General Insurance      Others (Social Insurance & Insurance           Reinsurance
                                                                                                for Indonesian Armed Forces)
                                                                                                                                     2022           2023



                   Pertumbuhan dan Porsi Ekuitas                                           Tumbuh                                      Porsi
                       Growth and Equity Portion                                            Grow                                      Portion
 Asuransi Jiwa                                                                                               22,9%                                         44,1%
 Life Insurance
 Asuransi Umum                                                                                               25,2%                                         30,8%
 General Insurance
 Others (Asuransi Sosial & ABRI)                                                                            (19,3%)                                        22,2%
 Others (Social Insurance and Insurance for Indonesian Armed Forces)
 Reasuransi                                                                                                  25,6%                                          2,9%
 Reinsurance
 Industri Asuransi                                                                                           10,7%                                        100,0%
 Insurance Industry

Sumber : OJK Diolah
Source: OJK, Processed


Liabilitas                                                                        Liabilities
Liabilitas industi asuransi di tahun 2023 mengalami                               Insurance industry liabilities in 2023 increased by 4.7% from
peningkatan sebesar 4,7% dari Rp1.533,4 triliun menjadi                           IDR1,533.4 trillion to IDR1,606.2 trillion.
Rp1.606,2 triliun.

Total Investasi                                                                   Total Investment
Di tahun 2023, industri asuransi mencatatkan kinerja yang                         In 2023, the insurance industry recorded a positive
positif. Indikator tersebut tercermin dari pertumbuhan total                      performance. This indicator is reflected in the growth of total
investasi yang tercatat sebesar Rp1.533,3 triliun atau                            investment which was recorded at IDR1,533.3 trillion or
tumbuh sebesar 101% jika dibandingkan dengan capaian                              increased by 101% when compared to the previous year's
tahun sebelumnya yaitu sebesar Rp762,7 triliun.                                   achievement of IDR762.7 trillion.




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  Kinerja Industri Asuransi Tahun 2023
  Insurance Industry Performance in 2023

  (Dalam Rp triliun)
  (In IDR trillion)
                                                                                              Industri Asuransi
                                 Komponen                                                     Insurance Industry
                                 Component                                                                               Pertumbuhan
                                                                           2023                      2022
                                                                                                                            Growth
      Total Investasi                                                             1.533,3                    762,7                     101%
      Total Investment
      Total Aset                                                                  1.843,0                   1.093,0                    69%
      Total Assets
      Total Liabilitas                                                            1.606,2                   1.533,4                     5%
      Total Liabilities
      Total Ekuitas                                                                   287,2                  259,3                     11%
      Total Equity
      Premi                                                                           551,4                  532,9                      3%
      Premiums
      Klaim                                                                           437,4                  392,8                     11%
      Claims

  Sumber: OJK
  Source: OJK

  Premi dan Klaim Industri                                           Industry Premiums and Claims
  Di tahun 2023, jumlah premi pada industri asuransi tercatat        In 2023, the total premium in the insurance industry was
  sebesar Rp551,4 triliun. Jumlah tersebut mengalami                 recorded at IDR551.4 trillion. This number increased by 3.5%
  pertumbuhan sebesar 3,5% jika dibandingkan dengan                  when compared to the previous year which was recorded
  tahun sebelumnya yang tercatat sebesar Rp532,9 triliun.            at IDR532.9 trillion. The largest contribution came from
  Kontribusi terbesar berasal dari premi asuransi lainnya            other insurance premiums (social insurance & Insurance for
  (asuransi sosial & ABRI) sebesar 46,4% dengan jumlah               Indonesian Armed Forces) at 46.4% with a total premium of
  premi Rp255,6 triliun. Angka tersebut mengalami kenaikan           IDR255.6 trillion. This figure increased by 2.7% compared to
  sebesar 2,7% jika dibandingkan dengan tahun sebelumnya             the previous year which was recorded at IDR248.9 trillion.
  yang tercatat sebesar Rp248,9 triliun. Di sisi lain, premi         On the other hand, life insurance premiums decreased by
  asuransi jiwa justru mengalami penurunan sebesar 7,4% di           7.4% in 2023 with a portion of premiums amounting to
  tahun 2023 dengan porsi premi sebesar 28,5% dari total             28.5% of total insurance industry claims.
  klaim industri asuransi.

  Jumlah klaim pada industri asuransi tercatat sebesar               The number of claims in the insurance industry was recorded
  Rp437,3 triliun. Jumlah tersebut mengalami peningkatan             at IDR437.3 trillion. An increase of 11.4% when compared
  sebesar 11,4% jika dibandingkan dengan tahun sebelumnya            to the previous year which was recorded at IDR392.8
  yang tercatat sebesar Rp392,8 triliun. Kontribusi terbesar         trillion. The largest contribution came from other insurance
  berasal dari premi asuransi lainnya (asuransi sosial &             premiums (social insurance & Insurance for Indonesian
  ABRI) sebesar 50,6% dengan total klaim Rp221,3 triliun.            Armed Forces) of 50.6% with total claims of IDR221.3
  Angka tersebut mengalami kenaikan sebesar 17,6% jika               trillion. This figure increased by 17.6% compared to the
  dibandingkan dengan tahun sebelumnya yang tercatat                 previous year which was recorded at IDR188.2 trillion. Total
  sebesar Rp188,2 triliun. Total klaim asuransi jiwa juga            life insurance claims also increased by 1.4% in 2023 with
  mengalami kenaikan sebesar 1,4% di tahun 2023 dengan               a claims portion amounting to 34.9% of total insurance
  porsi klaim sebesar 34,9% dari total klaim industri asuransi,      industry claims where total premiums decreased in 2023, as
  dimana total premi justru mengalami penurunan di tahun             shown in the graphic and table below:
  2023, sebagaimana tersaji pada grafis dan tabel di
  bawah ini:




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Premi & Klaim Industri Asuransi                                                                                                      (dalam Rp Triliun)
Insurance Industry Premiums & Claims                                                                                                    (in IDR Trillion)




    Premi Premiums                                                                                                            2022           2023



    Industri Asuransi                                                                                 532,9                Tumbuh Grow 3,5%
    Insurance Industry
                                                                                                        551,4            Porsi Portion 100,0%

    Others (Asuransi Sosial & ABRI)                                    248,9                                               Tumbuh Grow 2,7%
    Others (Social Insurance &
    Insurance for Indonesian Armed Forces)                             255,6                                              Porsi Portion 46,4%

    Asuransi Jiwa                                           170,0                                                         Tumbuh Grow -7,4%
    Life Insurance
                                                           157,3                                                          Porsi Portion 28,5%

    Asuransi Umum                                 89,7                                                                   Tumbuh Grow 24,2%
    General Insurance
                                                   111,4                                                                  Porsi Portion 20,2%

    Reasuransi                                    24,3                                                                   Tumbuh Grow 11,5%
    Reinsurance
                                                  27,1                                                                     Porsi Portion 4,9%




    Klaim Claims                                                                                                              2022           2023



    Industri Asuransi                                                                 392,8                              Tumbuh Grow 11,4%
    Insurance Industry
                                                                                          437,4                          Porsi Portion 100,0%

    Others (Asuransi Sosial & ABRI)                           188,2                                                      Tumbuh Grow 17,6%
    Others (Social Insurance &
    Insurance for Indonesian Armed Forces)                          221,3                                                 Porsi Portion 50,6%

    Asuransi Jiwa                                         150,7                                                            Tumbuh Grow 1,4%
    Life Insurance
                                                          152,8                                                           Porsi Portion 34,9%

    Asuransi Umum                                  40,8                                                                  Tumbuh Grow 17,6%
    General Insurance
                                                    48,0                                                                  Porsi Portion 11,0%

    Reasuransi                               13,2                                                                        Tumbuh Grow 16,5%
    Reinsurance
                                                 15,3                                                                      Porsi Portion 3,5%



Sumber: OJK
Source: OJK




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  Asuransi Umum
  General Insurance

  Premi Dicatat Asuransi Umum Tahun 2023                                           Premiums Recorded by General Insurance in 2023
  Premi dicatat asuransi umum di tahun 2023 sebesar                                General insurance premiums recorded in 2023 amounted to
  Rp103,9 triliun, meningkat sebesar 15,3% dibandingkan                            IDR103.9 trillion, an increase of 15.3% compared to 2022
  dengan tahun 2022 yaitu sebesar Rp90,1 triliun.                                  which amounted to IDR90.1 trillion. By considering the lines
  Melihat per lini usaha asuransi umum, di tahun 2023                              of business of general insurance, premium growth occurred
  pertumbuhan premi terjadi hampir di sebagian besar lini                          in almost all lines of business in 2023. The highest premium
  usaha. Pertumbuhan premi tertinggi terjadi pada lini bisnis                      growth occurred in the engineering (63.4%), credit (56.2%)
  engineering (63,4%), kredit (56,2%) dan suretyship (32,4%).                      and suretyship (32.4%) lines of business. However, the
  Namun lini usaha satelit terkoreksi sebesar -68,9%.                              satellite business line corrected by -68.9%.




                                                                                103.867

                                                                  90.121
                      79.862      76.985         78.144             15,3%          15,3%

                          14,3%

                                                                                                    Premi Dicatat | General Insurance Recorded



                                                       1,5%                                         Growth
                                     -3,6%


                      2019        2020            2021            2022            2023




  Tabel Premi Dicatat Asuransi Umum Tahun 2022-2023
  Premiums Recorded by General Insurance in 2022-2023
                                                                                         Premi Dicatat
               Lini Usaha                                                              Premiums Recorded
            Line of Business                                                                               Selisih                    Pertumbuhan
                                               2022                             2023
                                                                                                          Difference                   Growth (%)
      Property                                           26.233                          26.489                           256                           1,0%
      Motor Vehicle                                      18.149                          19.497                         1.348                           7,4%
      Marine Cargo                                        4.777                            5.083                          306                           6,4%
      Marine Hull                                         2.159                            2.591                          432                          20,0%
      Aviation                                            1.294                            1.371                           77                           5,9%
      Satelite                                            1.095                             340                          (755)                        (68,9%)
      Energy On Shore                                      226                              287                            61                          27,0%
      Energy Off Shore                                    1.281                            1.289                             8                          0,6%
      Engineering                                         3.202                            5.232                        2.030                          63,4%
      Liability                                           3.540                            3.957                          417                          11,8%
      Accident                                            2.603                            2.793                          190                           7,3%
      Health                                              5.932                            6.675                          743                          12,5%
      Credit Insurance*                                  14.298                          22.338                         8.040                          56,2%
      Suretyship                                          1.367                            1.809                          442                          32,4%
      Miscellaneous                                       3.964                            4.115                          151                           3,8%
      All LOB                                            90.121                        103.867                         13.746                          15,3%

  Keterangan | Note:
  *) Periode kredit jangka Panjang, Sumber: AAUI (72 Perusahaan Asuransi Umum)
  *) long-term credit period, Source: AAUI (72 General Insurance Company)



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Premi Dicatat Melalui Jalur Distribusi                                          Premiums Recorded Through Distribution Channel
Pendapatan premi dicatat asuransi umum tahun 2023                               Premium income recorded by general insurance in 2023
berdasarkan jalur distribusi secara prosentase porsi terbesar                   based on distribution channels as a percentage of the
melalui broker asuransi sebesar (31%), diikuti dengan                           largest portion through insurance brokers amounting to
direct marketing (25,3%), agen asuransi (13,1%), leasing                        (31%), followed by direct marketing (25.3%), insurance
(14,9%), bancassurance (6,8%) dan sisanya kurang dari 5%.                       agents (13.1%), leasing (14.9%), bancassurance (6.8%) and
Pemasaran digital asuransi umum tercatat sebesar (1%).                          the rest less than 5%. Digital marketing of general insurance
                                                                                was recorded at (1%).

Premi Dicatat Melalui Jalur Distribusi
Premiums Recorded Through Distribution Channel



       Broker                                                                                                                     31,0%


       Direct                                                                                                     25,3%


       Leasing                                                                  14,9%


       Agen                                                            13,1%


       Others                                      7,2%


       Banca                                      6,8%


       Digital               1,0%


       Telemark              0,7%


       Affinity         0,0%




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  Pangsa Pasar Premium Dicatat Asuransi Umum                               Market Share of Premiums Recorded by General
  Tahun 2023                                                               Insurance in 2023
  Adapun pangsa pasar premi dicatat asuransi umum di                       The Market Share of Premiums Recorded by General
  tahun 2023 didominasi oleh asuransi harta benda/property                 Insurance in 2023 is dominated by property insurance
  (25,5%), asuransi kredit (21,5%), dan asuransi kendaraan                 (25.5%), credit insurance (21.5%), and motor vehicle
  bermotor (18,8%). Total 3 lini usaha ini secara total                    insurance (18.8%). These 3 lines of business in total
  mendominasi pangsa pasar sebesar 65,8% dari total premi                  dominate a market share of 65.8% of the total premiums
  dicatat asuransi umum di tahun 2023.                                     recorded by general insurance in 2023.


                                                                           Suretyship                                                    Aviation
                                  Pangsa Pasar Premi Dicatat               1,7%                                                            1,3%
             Lini Usaha         Market Share of Premiums Recorded
          Line of Business                                                 Marine Hull                                           Energy On Shore
                                   2022                    2023            2,5%                                                            1,2%

      Property                     29,1%                   25,5%           Accident                                              Energy Off Shore
                                                                           2,7%                                                             0,3%
      Motor Vehicle                20,1%                   18,8%
                                                                           Liability                                                     Satelite
      Marine Cargo                  5,3%                   4,9%            3,8%                                                           0,3%
      Marine Hull                   2,4%                   2,5%            Miscellaneous                                                               Property
                                                                           4,0%                                                                        25,5%
      Aviation                      1,4%                   1,3%

      Satelite                      1,2%                   0,3%            Marine Cargo
      Energy Off Shore              0,3%                   0,3%            4,9%

      Energy On Shore               1,4%                   1,2%

      Engineering                   3,6%                   5,0%
                                                                           Engineering
                                                                                                                 2023
      Liability                     3,9%                   3,8%            5,0%
      Accident                      2,9%                   2,7%

      Health                        6,6%                   6,4%            Health
                                                                           6,4%
      Credit Insurance*            15,9%                   21,5%

      Suretyship                    1,5%                   1,7%
                                                                                           Motor Vehicle                                      Credit Insurance*
      Miscellaneous                 4,4%                   4,0%                            18,8%                                                        21,5%




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Klaim Dibayar Asuransi Umum Tahun 2023                                             Claims Paid of General Insurance in 2023
Klaim di bayar asuransi umum tahun 2023 tercatat sebesar                           Claims paid of general insurance in 2023 were recorded at
Rp46,1 triliun meningkat sebesar 10,5% dibandingkan                                IDR46.1 trillion, an increase of 10.5% compared to 2022,
dengan tahun 2022 yaitu sebesar Rp41,7 triliun.                                    which amounted to IDR41.7 trillion. The highest claim growth
Pertumbuhan klaim tertinggi terjadi pada lini bisnis liability                     occurred in these lines of business such as liability (159%),
(159%), suretyship (100%), dan asuransi kredit (33,8%).                            suretyship (100%), and credit insurance (33.8%).


Klaim Dibayar Asuransi Umum Tahun 2022-2023
Claims Paid of General Insurance in 2022-2023



                                                                             46.133
                                                              41.748
                  37.353        36.110                              36,1%

                                                30.682
                      24,1%
                                                                                10,5%
                                                                                                  Premi Dicatat | General Insurance Recorded


                                       -3,3%
                                                                                                  Growth

                                                      -15%
                  2019            2020           2021           2022          2023




Klaim Dibayar Berdasarkan Jalur Distribusi                                         Claims Paid Based on Distribution Channel
Pembayaran klaim asuransi umum berdasarkan jalur                                   General insurance claims payment based on distribution
distribusi secara persentase porsi terbesar oleh broker                            channels as a percentage of the largest portion by insurance
asuransi/perantara sebesar (26,9%), diikuti dengan direct                          brokers amounting to (26.9%), followed by direct marketing
marketing (27,4%), agen asuransi (16,9%), leasing (11,7%)                          (27.4%), insurance agents (16.9%), leasing (11.7%) and the
dan sisanya dibawah 10%. Pemasaran digital asuransi umum                           rest are below 10%. Digital marketing of general insurance
tercatat sebesar 1,9%.                                                             was recorded at 1.9%.




       Direct                                                                                                                            27,4%


       Broker                                                                                                                          26,9%


       Agen                                                                                       16,9%


       Leasing                                                              11,7%


       Banca                                                      9,5%


       Others                                     5,3%


       Digital                       1,9%


       Telemark               0,4%


       Affinity            0,0%




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  Kontribusi Klaim Dibayar Asuransi Umum                                                                 Contribution to General Insurance Paid Claim
  Kontribusi klaim dibayar asuransi umum di tahun 2023                                                   Contribution to general insurance paid claims in 2023
  didominasi oleh asuransi kredit (36,6%), asuransi kendaraan                                            is dominated by credit insurance (36.6%), motor vehicle
  bermotor (15,3%), asuransi property (14,8%). Total 3 lini                                              insurance (15.3%), property insurance (14.8%). These
  usaha ini secara total mendominasi kontribusi klaim dibayar                                            3 lines of business in total dominate the paid claims
  sebesar 66,7% dari total klaim dibayar asuransi umum di                                                contribution of 66.7% of the total general insurance paid
  tahun 2023.                                                                                            claims in 2023.


                                                                                                         Suretyship                                                          Liability
                                                  Kontribusi Klaim Dibayar                               1,6%                                                                  1,5%
              Lini Usaha                           Claim Contribution Paid
           Line of Business                                                                              Accident                                                           Aviation
                                                 2022                             2023                   1,7%                                                                 0,5%

       Property                                  21,9%                           14,8%                   Miscellaneous                                              Energy Off Shore
                                                                                                         2,1%                                                                  0,1%
       Motor Vehicle                             15,6%                           15,3%
                                                                                                         Marine Hull                                                         Satelite
       Marine Cargo                              2,8%                             3,3%                   2,6%                                                                 0,1%
       Marine Hull                               2,3%                             2,6%                   Energy On Shore                                                                        Credit
                                                                                                         2,8%                                                                              Insurance*
       Aviation                                  0,7%                             0,5%
                                                                                                                                                                                              36,6%
       Satelite                                  0,8%                             0,1%

       Energy Off Shore                          0,1%                             0,1%                   Engineering
                                                                                                         3,3%
       Energy On Shore                           2,6%                             2,8%

       Engineering                               3,0%                             3,3%
                                                                                                         Marine Cargo
                                                                                                                                                     2023
       Liability                                 0,6%                             1,5%                   3,3%
       Accident                                  2,2%                             1,7%

       Health                                    13,4%                           13,8%                   Health
                                                                                                         13,8%
       Credit Insurance*                         30,2%                           36,6%

       Suretyship                                0,9%                             1,6%
                                                                                                                         Property                                                        Motor Vehicle
       Miscellaneous                             2,8%                             2,1%                                   14,8%                                                                15,3%



  Rasio Klaim Asuransi Umum Tahun 2023                                                                   General Insurance Claims Ratio in 2023
  Rasio klaim asuransi umum tahun 2023 tercatat sebesar                                                  The general insurance claim ratio in 2023 was recorded at
  44,4% mengalami penurunan sebesar 1,9%. 3 Lini usaha                                                   44.4%, a decrease of 1.9%. There are 3 Lines of Business
  yang mencatatkan rasio klaim terbesar yaitu energy on shore                                            that recorded the largest claim ratios namely energy on
  (99,4%), kesehatan (95,3%), dan asuransi kredit (75,6%).                                               shore (99.4%), health (95.3%), and credit insurance (75.6%).


          Tahun                Motor    Marine   Marine                           Energy   Energy                                                      Credit
                   Property                                Aviation   Satelite                      Engineering Liability Accident          Health             Suretyship Miscellaneous      All LOB
           Year               Vehicle   Cargo     Hull                           On Shore Off Shore                                                  Insurance

      2023           25,8%     36,1%     29,6%    46,7%      18,3%      10,6%       15,7%     99,4%        28,8%      17,6%    27,8%         95,3%      75,6%      41,1%           23,0%       44,4%

      2022           34,9%     35,8%     24,3%    44,8%      21,6%      30,1%       20,2%     84,9%        39,3%       7,6%    36,0%         94,3%      88,2%      27,2%           29,9%       46,3%

      Naik/
      turun
                    (9,10%)    0,30%     5,30%    1,90%     (3,30%) (19,50%)      (4,50%)   14,50%       (10,50%) 10,00%      (8,20%)        1,00% (12,60%)      13,90%          (6,90%)      (1,90%)
      Increase/
      Decrease


  Keterangan | Note :
  1. *) Periode kredit jangka panjang
  2. Sumber: AAUI (72 Perusahaan Asuransi Umum)
  1. *) Long-term credit period
  2. Source: AAUI (72 General Insurance Companies)




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Reasuransi
Reinsurance

Industri reasuransi mencatatkan pertumbuhan sebesar                                 The reinsurance industry recorded a growth of 21.3%
21,3% dari Rp 19,3triliun di tahun 2022 menjadi Rp23,4                              from IDR19.3 trillion in 2022 to IDR23.4 trillion in 2023.
triliun di tahun 2023. Pertumbuhan terbesar berasal dari lini                       The biggest growth came from credit insurance (174.1%),
usaha asuransi kredit (174,1%), engineering (70,1%) dan                             engineering (70.1%) and health insurance (57.3%) lines
asuransi kesehatan (57,3%).                                                         of business.

Tabel Premi dicatat dan Klaim dibayar Reasuransi tahun 2022-2023
Table of Premiums recorded and Claims paid by Reinsurance in 2022-2023
                      Premi Dicatat                                                                               Klaim Dibayar
                    Premiums Recorded                                     Lini Usaha                               Claims Paid
                                Selisih           Pertumbuhan          Line of Business                                      Selisih     Pertumbuhan
    2022           2023                                                                            2022        2023
                               Difference          Growth (%)                                                               Difference    Growth (%)
       9.459          9.101          (359)                  (3,8%)          Property                 4.234       4.347            114           2,7%
         240            244                  4               1,7%        Motor Vehicle                118             132           14         11,9%
       1.626          1.600              (26)               (1,6%)       Marine Cargo                 294             314           19          6,6%
         977            822          (155)                (15,8%)         Marine Hull                 411             522         110          26,8%
         118              80             (39)             (32,5%)           Aviation                  192              68        (124)        (64,7%)
         963              37         (927)                (96,2%)           Satelite                  262              17        (245)        (93,6%)
         185            220               35                19,0%      Energy Off Shore                   28           17         (11)        (38,0%)
         254            215              (40)             (15,6%)      Energy On Shore                132              75         (57)        (42,9%)
       1.028          1.748              721                70,1%         Engineering                 472             702         230          48,8%
         631            664               32                 5,1%           Liability                     10           84           73        711,8%
         156            170               14                 9,2%          Accident                       67           88           21         30,6%
           12             19                 7              57,3%           Health                        10           13            3         30,0%
       2.343          6.423         4.080                 174,1%       Credit Insurance*             1.392       4.420          3.028         217,6%
         182              79         (103)                (56,6%)         Suretyship                  107              19         (87)        (81,9%)
       1.100          1.962              862                78,3%        Miscellaneous                497        1.617          1.120         225,5%
      19.276         23.383         4.107                   21,3%           All LOB                  8.225     12.435           4.210          51,2%


Seiring dengan peningkatan premi dicatat, klaim dibayar                             Following the increase in recorded premiums, reinsurance
reasuransi juga mengalami peningkatan yaitu sebesar 51,2%                           paid claims also increased by 51.2% from IDR8.2 trillion in
dari Rp8,2 triliun di tahun 2022 menjadi Rp12,4 triliun di                          2022 to IDR12.4 trillion in 2023. The largest percentage
tahun 2023. Persentase peningkatan klaim terbesar berasal                           increase in claims came from the liability (711.8%),
dari lini usaha liability (711,8%), asuransi kredit (217,6%)                        credit insurance (217.6%) and engineering (48.8%) lines
dan engineering (48,8%).                                                            of business.




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  Rasio Klaim Dibayar
  Ratio of Claims Paid
                         Lini Usaha
                                                                     2022                                             2023
                      Line of Business
      Property                                                                            44,8%                                            47,8%
      Motor Vehicle                                                                       49,2%                                            54,1%
      Marine Cargo                                                                        18,1%                                            19,6%
      Marine Hull                                                                         42,1%                                            63,4%
      Aviation                                                                           162,2%                                            84,9%
      Satelite                                                                            27,2%                                            46,1%
      Energy Off Shore                                                                    15,2%                                             7,9%
      Energy On Shore                                                                     51,8%                                            35,0%
      Engineering                                                                         45,9%                                            40,2%
      Liability                                                                            1,6%                                            12,6%
      Accident                                                                            43,0%                                            51,5%
      Health                                                                              82,3%                                            68,1%
      Credit Insurance*                                                                   59,4%                                            68,8%
      Suretyship                                                                          58,4%                                            24,4%
      Miscellaneous                                                                       45,2%                                            82,4%
      All LOB                                                                             42,7%                                            53,2%



  Rasio klaim dibayar reasuransi di tahun 2023 sebesar                  The reinsurance paid claims ratio in 2023 amounted to
  53,2% mengalami peningkatan sebesar 10,5% dari tahun                  53.2%, an increase of 10.5% from 2022, which was 42.7%.
  2022 yaitu sebesar 42,7%. Lini usaha yang mencatatkan                 The lines of business that recorded the largest claim ratios
  rasio klaim terbesar yaitu aviasi (84,9%), asuransi kredit            were aviation (84.9%), credit insurance (68.8%), and health
  (68,8%), dan asuransi kesehatan (68,1%).                              insurance (68.1%).


  Posisi Tugu Insurance dalam Industri Asuransi Umum 2023
  Tugu Insurance's Position in the General Insurance Industry 2023

  Sampai dengan 31 Desember 2023, AAUI mencatatkan                      As of 31 December 2023, AAUI recorded the number of
  jumlah perusahaan asuransi umum yang beroperasi di                    general insurance companies operating in Indonesia totaling
  Indonesia sebanyak 72 perusahaan, 152 pialang asuransi,               72 companies, 152 insurance brokers, and 41 reinsurance
  dan 41 perusahaan pialang reasuransi. Adapun posisi Tugu              brokerage companies. The position of Tugu Insurance
  Insurance dibandingkan dengan industri asuransi umum dan              compared to the general insurance and reinsurance industry
  reasuransi pada tahun 2023 diuraikan sebagai berikut:                 in 2023 is described as follows:

  Jumlah Aset
  Total Assests

  Dalam triliun Rupiah
  In Trillion Rupiah
                                                                                                                             Pertumbuhan
                                   Keterangan
                                                                              2023                       2022                   Growth
                                    Description
                                                                                                                                  (%)
      Industri Asuransi Umum                                                             224,0                   196,8                      13,9%
      General Insurance Industry
      Reasuransi                                                                          36,2                     33,8                      2,0%
      Reinsurance
      Tugu Insurance – Induk Perusahaan                                                  16,12                   13,51                     19,32%
      Tugu Insurance – Parent Company
      Tugure – Entitas Anak Reasuransi                                                    5,90                     5,22                    13,03%
      Tugure – Reinsurance Subsidiary




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Per 31 Desember 2023, jumlah aset industri asuransi                             As of 31 December 2023, the total assets of the general
umum tercatat sebesar Rp224,0 triliun, meningkat 13,9%                          insurance industry were recorded at IDR224.0 trillion, an
jika dibandingkan dengan tahun 2022 yang sebesar                                increase of 13.9% when compared to 2022 which amounted
Rp196,8 triliun. Sementara, jumlah aset induk perusahaan                        to IDR196.8 trillion. Meanwhile, the total assets of Tugu
Tugu Insurance tercatat sebesar Rp16,12 triliun,                                Insurance as the parent company were recorded at IDR16.12
meningkat 19,32% dibanding tahun sebelumnya sebesar                             trillion, an increase 19.32% compared to the previous year of
Rp13,51 triliun.                                                                IDR13.51 trillion.

Kemudian, jumlah aset industri reasuransi di tahun 2023                         Moreover, the total assets of the reinsurance industry
adalah sebesar Rp36,2 triliun, tumbuh 2,0% dibanding                            in 2023 amounted to IDR36.2 trillion, increased 2.0%
tahun 2022 yang sebesar Rp33,8 triliun. Sedangkan                               compared to 2022 which amounted to IDR33.8 trillion.
jumlah aset entitas anak Tugure pada tahun 2023 tercatat                        Meanwhile, the total assets of Tugure, the subsidiary,
sebesar Rp5,90 triliun, meningkat 13,03% dibanding tahun                        were recorded at IDR5,90 trillion in 2023, an increase of
sebelumnya yang sebesar Rp5,22 triliun.                                         13.03% compared to the previous year which amounted to
                                                                                IDR5.22 trillion.
Premi Bruto
Gross Premiums

Dalam triliun Rupiah
In Trillion Rupiah
                                                                                                                           Pertumbuhan
                              Keterangan
                                                                                    2023                     2022             Growth
                               Description
                                                                                                                                (%)
 Industri Asuransi Umum                                                                    111,4                    89,7              24,2%
 General Insurance Industry
 Reasuransi                                                                                    27,1                 24,3              11,5%
 Reinsurance
 Tugu Insurance – Induk Perusahaan                                                             5,05                 4,06             24,38%
 Tugu Insurance – Parent Company
 Tugure – Entitas Anak Reasuransi                                                               2,9                 2,81               4,1%
 Tugure – Reinsurance Subsidiary


Di tahun 2023, premi bruto industri asuransi umum adalah                        In 2023, the gross premium of the general insurance
sebesar Rp111,4 triliun, meningkat 24,2% jika dibandingkan                      industry was IDR111.4 trillion, an increase of 24.2%
dengan tahun sebelumnya sebesar Rp89,7 triliun.                                 compared to the previous year of IDR89.7 trillion.
Sementara, premi bruto induk perusahaan Tugu Insurance                          Meanwhile, the gross premium of the parent company, Tugu
tercatat sebesar Rp5,05 triliun, meningkat 24,38% dibanding                     Insurance, was recorded at IDR5.05 trillion, an increase
tahun sebelumnya sebesar Rp4,06 triliun.                                        24.38% compared to the previous year of IDR4.06 trillion.

Kemudian, premi bruto industri reasuransi di tahun 2023                         On the other hand, the gross premium of the reinsurance
adalah sebesar Rp27,1 triliun, tumbuh 11,5% dibanding                           industry in 2023 was IDR27.1 trillion, an increase of 11.5%
tahun 2022 yang sebesar Rp24,3 triliun. Sedangkan premi                         compared to 2022 which amounted to IDR24.3 trillion.
bruto entitas anak Tugure pada tahun 2023 tercatat sebesar                      Meanwhile, the gross premium of the subsidiary, Tugure,
Rp2,9 triliun, meningkat 4,1% dibanding tahun sebelumnya                        in 2023 was recorded at IDR2.9 trillion, an increase of
yang sebesar Rp2,81 triliun.                                                    4.1% compared to the previous year which amounted to
                                                                                IDR2.81 trillion.




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  Klaim Bruto
  Gross Claims

  Dalam triliun Rupiah
  In Trillion Rupiah
                                                                                                                           Pertumbuhan
                                   Keterangan
                                                                              2023                     2022                   Growth
                                    Description
                                                                                                                                (%)
      Industri Asuransi Umum                                                             48,0                    40,8                     11,0%
      General Insurance Industry
      Reasuransi                                                                         15,3                    13,2                      3,5%
      Reinsurance
      Tugu Insurance – Induk Perusahaan                                                  1,56                    1,04                    50,00%
      Tugu Insurance – Parent Company
      Tugure – Entitas Anak Reasuransi                                                   1,26                    1,29                    (2,16%)
      Tugure – Reinsurance Subsidiary



  Klaim bruto industri asuransi umum di tahun 2023 tercatat             The gross claim of the general insurance industry in
  sebesar Rp48,0 triliun, meningkat 11,0% jika dibandingkan             2023 was recorded at IDR48.0 trillion, an increase of
  dengan tahun sebelumnya sebesar Rp40,8 triliun.                       11.0% compared to the previous year of IDR40.8 trillion.
  Sementara, klaim bruto induk perusahaan Tugu Insurance                Meanwhile, the gross claim of the parent company, Tugu
  tercatat sebesar Rp1,56 triliun, meningkat 50,00% dibanding           Insurance, was recorded at IDR1.56 trillion, an increase of
  tahun sebelumnya sebesar Rp1,04 triliun.                              50.00% compared to the previous year of IDR1.04 trillion.

  Kemudian, klaim bruto industri reasuransi di tahun 2023               In addition, the gross claim of the reinsurance industry in
  adalah sebesar Rp15,3 triliun, tumbuh 3,5% dibanding tahun            2023 was IDR15.3 trillion, growing 3.5% compared to 2022
  2022 yang sebesar Rp13,2 triliun. Sedangkan klaim bruto               which amounted to IDR13.2 trillion. While the gross claims
  entitas anak Tugure pada tahun 2023 tercatat sebesar                  of Tugure, the subsidiary were recorded at IDR1.26 trillion in
  Rp1,26 triliun, menurun 2,16% dibanding tahun sebelumnya              2023, a decrease of 2.16% compared to the previous year of
  yang sebesar Rp1,29 triliun.                                          IDR 1.29 trillion.




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Tinjauan Operasi per Segmen Usaha
Operational Review by Business Segment




Tugu Insurance mengklasifikasikan bisnisnya ke dalam 3           Tugu Insurance classifies its business into 3 (three)
(tiga) segmen usaha, yakni asuransi umum (konvensional & business segments, namely general insurance (conventional
syariah), reasuransi, serta sewa, bisnis terkait, dan lain-lain. & sharia), reinsurance, as well as rental, related businesses,
Klasifikasi segmen tersebut digunakan manajemen untuk            and others. The segment classification is used by
mengevaluasi kinerja dari setiap segmen dan menentukan management to evaluate the performance of each segment
alokasi sumber daya Perseroan.                                   and determine the allocation of the Company's resources.




                                                                   TUGU GRUP




             Asuransi Umum                                                                                     Sewa, Bisnis Terkait,
         (Konvensional & Syariah)                                  Reasuransi
                                                                                                                  dan Lain-lain
                 General Insurance                                  Reinsurance
                                                                                                         Rental, Related Business, and Others
               (Conventional & Sharia)




          Segmen Usaha                                                            Dioperasikan oleh
         Business Segment                                                            Operated by
 Asuransi Umum                         Perusahaan Induk (Tugu Insurance) dan Entitas anak Tugu Insurance Company Ltd.
 (Konvensional & Syariah)              Parent Company (Tugu Insurance) and Subsidiary of Tugu Insurance Company Ltd.
 General Insurance
 (Conventional & Sharia)
 Reasuransi                            Entitas anak PT Tugu Reasuransi Indonesia (Tugure).
 Reinsurance                           Subsidiary PT Tugu Reasuransi Indonesia (Tugure).
 Sewa, Bisnis Terkait, dan Lain-lain   Entitas anak
 Rental, Related Business, and         • PT Pratama Mitra Sejati yang menyewakan gedung/ruang perkantoran, jasa manajemen gedung dan rental
 Others                                     kendaraan.
                                       • PT Synergy Risk Management Consultants (Synergy) yang menawarkan jasa konsultasi penerapan
                                            manajemen risiko yang efektif dan layanan lainnya terkait bidang industri yang dijalankan.
                                       • PT Tugu Pratama Interindo sebagai holding company.

                                       Subsidiaries
                                       • PT Pratama Mitra Sejati, which rents out office buildings/spaces, building management and vehicle rentals
                                          services.
                                       • PT Synergy Risk Management Consultants (Synergy), which offers consulting services on the
                                          implementation of effective risk management and other services related to the industry.
                                       • PT Tugu Pratama Interindo as the holding company.




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  Segmen Usaha Asuransi Umum
  General Insurance Business Segment

  Segmen usaha asuransi umum merupakan segmen yang                               The General Insurance Business Segment is operated by
  dijalankan oleh Tugu Insurance dan kelompok usahanya                           Tugu Insurance and its business groups through its products
  melalui produk dan layanan yang dimiliki. Mengacu pada                         and services. In line with financial statements, the Products
  Laporan Keuangan Perseroan, produk dalam segmen usaha                          in the General Insurance Business Segment consist of:
  asuransi umum terdiri dari:
  • Asuransi Kebakaran;                                                          •    Fire Insurance;
  • Asuransi Penerbangan;                                                        •    Aviation Insurance;
  • Asuransi Pengangkutan;                                                       •    Cargo Insurance;
  • Asuransi Offshore;                                                           •    Offshore Insurance;
  • Asuransi Onshore;                                                            •    Onshore Insurance;
  • Asuransi Rekayasa;                                                           •    Engineering Insurance;
  • Asuransi Rangka Kapal;                                                       •    Hull Insurance;
  • Asuransi Lainnya.                                                            •    Other Insurance.

  Pelanggan utama segmen asuransi umum yang dilayani oleh                        Tugu Insurance’s key customers are dominated by
  Perseroan didominasi oleh perusahaan-perusahaan besar,                         large companies, especially PT Pertamina (Persero), its
  khususnya PT Pertamina (Persero), Anak Perusahaan dan                          Subsidiaries and Affiliates, Cooperation Contract Contractors
  Afiliasinya serta para Kontraktor Kontrak Kerja Sama (KKKS)                    (KKKS) to various other large corporations with high
  hingga berbagai korporasi besar lainnya yang memiliki high                     business portfolio profiles operating in the energy and
  business portfolio profile yang beroperasi di sektor energi                    non-energy sectors, as well as MSEs (Micro and Small
  maupun non energi, serta Usaha Mikro dan Kecil (UMK).                          Enterprises).

  Kinerja Segmen Usaha Asuransi Umum dan                                         General Insurance and Reinsurance Business
  Reasuransi                                                                     Segment Performance

  Premi Bruto Berdasarkan Produk
  Gross Premiums by Product

  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated

          Portofolio Produk                        2023                                                2022
                                                                                                                                        Pertumbuhan
               Asuransi                                    Kontribusi                                            Kontribusi                Growth
           Insurance Product        Nominal                Contribution                Nominal                   Contribution                (%)
                Portfolio                                      (%)                                                   (%)
      Kebakaran                            2.761.247                35,82%                   2.234.504                    33,32%                     23,57%
      Fire
      Pengangkutan                          478.172                  6,20%                        529.770                   7,90%                    (9,74%)
      Marine Cargo
      Rekayasa                              931.430                 12,08%                        280.893                   4,19%                231,60%
      Engineering
      Rangka Kapal                          682.819                  8,86%                        512.692                   7,65%                    33,18%
      Marine Hull
      Offshore                              553.460                  7,18%                        547.512                   8,17%                     1,09%
      Onshore                                68.397                  0,89%                        231.873                   3,46%                (70,50%)
      Penerbangan                           814.214                 10,56%                        753.673                 11,24%                      8,03%
      Aviation
      Lainnya                              1.419.784                18,42%                   1.614.663                    24,08%                 (12,07%)
      Others
      Total                                7.709.524               100,00%                   6.705.580                   100,00%                     14,97%




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Lainnya Others                                                                                                                               Kebakaran Fire
18,42%                                                                                                                                            35,82%


Penerbangan Aviation
10,56%




Onshore
0,89%

Offshore
7,18%

Rangka Kapal Marine Hull
8,86%

Rekayasa Engineering                                                                                                              Pengangkutan Marine Cargo
12,08%                                                                                                                                              6,20%



Pendapatan Underwriting
Underwriting Revenues


Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                                     Pertumbuhan
                                                                                      2023                    2022
                                                                                                                                        Growth
 Kebakaran                                                                               1.041.090                   701.679                     48,37%
 Fire
 Pengangkutan                                                                              388.613                   348.778                     11,42%
 Marine Cargo
 Rekayasa                                                                                  172.178                   106.909                     61,05%
 Engineering
 Rangka Kapal                                                                              249.524                   162.154                     53,88%
 Marine Hull
 Offshore                                                                                  103.586                   122.524                    (15,46%)
 Onshore                                                                                  (150.704)                   74.279                  (302,89%)
 Penerbangan                                                                                 98.732                   51.558                     91,50%
 Aviation
 Lainnya                                                                                   706.545                   774.911                     (8,82%)
 Other
 Total                                                                                   2.609.564                  2.342.792                    11,39%


Segmen Usaha Reasuransi
Reinsurance Business Segment

Reasuransi merupakan pemberian jasa dalam                                         Reinsurance is the provision of services to cover the risk of
pertanggungan terhadap risiko klaim yang didapat oleh                             claims obtained by insurance companies. The Reinsurance
perusahaan asuransi. Segmen usaha reasuransi yang                                 Business Segment served by the Company is operated by PT
dilayani oleh Perseroan dioperasikan oleh PT Tugu                                 Tugu Reasuransi Indonesia or Tugure, which was established
Reasuransi Indonesia (Tugure) yang didirikan pada 2                               on 2 April 1987, under the name PT Tugu Jasatama
April 1987 dengan nama PT Tugu Jasatama Reasuransi                                Reasuransi Indonesia. Initially, Tugure solely provided
Indonesia. Pada awal didirikan, Tugure hanya melayani                             insurance for TUGU Group. PT Tugu Jasatama Reasuransi
kebutuhan Asuransi TUGU Group secara eksklusif. Pada                              Indonesia changed its name to PT Tugu Reasuransi
tahun 1999, nama PT Tugu Jasatama Reasuransi Indonesia                            Indonesia in 1999. In 2004, Tugure was appointed as the
diubah menjadi PT Tugu Reasuransi Indonesia yang                                  key pioneer of cooperation reinsurance in ASEAN countries.
selanjutnya ditunjuk sebagai pelopor utama kerja sama
reasuransi negara-negara ASEAN pada tahun 2004.


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      Seiring dengan perkembangan, kini Tugure menyediakan               As Tugure continues to evolve, Tugure now provides services
      layanan dalam reasuransi terhadap risiko yang dihadapi             in reinsurance against risks faced by general insurance
      oleh perusahaan asuransi umum, perusahaan asuransi                 companies, life insurance companies, guarantee companies,
      jiwa, perusahaan penjaminan, dan/atau perusahaan                   and/or other reinsurance companies. Tugure offers general
      reasuransi lainnya. Tugure menghadirkan produk                     reinsurance products and life reinsurance, including treaty
      reasuransi umum dan reasuransi jiwa, seperti reasuransi            reinsurance, non-marine reinsurance, life reinsurance, and
      treaty, non-marine, life, dan marine & aviation.                   marine & aviation reinsurance.

      Di tahun 2023, pendapatan usaha (sebelum eliminasi)                In 2023, operating revenue (before elimination) from Tugure’s
      dari segmen usaha Tugure adalah sebesar Rp1,44                     reinsurance business segment amounted to IDR1.44 trillion,
      triliun, mengalami peningkatan 5,28% dibanding tahun               an increase of 5.28% compared to 2022 of IDR1.37 trillion.
      2022 sebesar Rp1,37 triliun. Tugure mencatatkan rugi               Tugure recorded a loss for the year (before elimination) of
      tahun berjalan (sebelum eliminasi) sebesar Rp41,24                 IDR41.24 billion, whereas the previous year recorded a
      miliar, dimana tahun sebelumnya mencatatkan sebesar                loss of IDR97.31 billion. Tugure is committed to continue
      Rp97,31 miliar. Tugure berkomitmen untuk terus                     implementing a conservative risk profile in 2023.
      menerapkan profil risiko yang konservatif di tahun 2023.


      Segmen Usaha Sewa, Bisnis Terkait, dan Lain-lain
      Rental, Related Business, and Others Business Segment

      Tugu Insurance menjalankan segmen usaha sewa, bisnis               Tugu Insurance’s rental, related business, and other
      terkait, dan lain-lain melalui entitas anaknya, yakni PT           business segment is operated by its subsidiaries, namely
      Pratama Mitra Sejati dan PT Synergy Risk Management                PT Pratama Mitra Sejati and PT Synergy Risk Management
      Consultants. PT Pratama Mitra Sejati saat awal didirikan           Consultants. PT Pratama Mitra Sejati was initially engaged
      bergerak di bidang jasa penyewaan ruang kantor dan                 in office space rental services and experienced rather rapid
      terus mengalami perkembangan yang cukup pesat                      development, and currently has five buildings in strategic
      hingga saat ini telah memiliki lima buah gedung di lokasi          locations in Jakarta and Surabaya, with brand property
      strategis di kota Jakarta dan Surabaya dengan merek                known as Wisma Tugu. In addition, PT Pratama Mitra Sejati
      properti yang dikenal sebagai Wisma Tugu. PT Pratama               also provides vehicle rental services on a corporate basis
      Mitra Sejati juga menyediakan jasa sewa kendaraan                  and has become a trusted provider to customers both
      secara corporate dan telah menjadi kepercayaan untuk               private companies and in the BUMN group environment.
      melayani pelanggan baik perusahaan swasta maupun                   Meanwhile, PT Synergy Risk Management Consultants is a
      di lingkungan grup BUMN. Sementara, PT Synergy                     risk management consultant, surveyor and assessor.
      Risk Management Consultants merupakan konsultan
      manajemen risiko, surveyor, dan penilai.

      Per 31 Desember 2023, pendapatan usaha (sebelum                    As of 31 December 2023, operating revenue (before
      eliminasi) dari segmen usaha sewa, bisnis terkait, dan             elimination) from the rental, related business, and
      lain-lain tercatat sebesar Rp740,13 miliar, meningkat              others business segment recorded at IDR740.13 billion,
      66,84% dibanding tahun 2022 yang sebesar Rp443,63                  increased by 66.84% compared to 2022 of IDR443.63
      miliar. Sementara, laba tahun berjalan (sebelum                    billion. Meanwhile, income for the year (before elimination)
      eliminasi) mengalami peningkatan sebesar 261,40% dari              increased by 261.40% from IDR94.14 billion in 2022 to
      Rp94,14 miliar di tahun 2022 menjadi Rp340,23 miliar               IDR340.23 billion in 2023.
      di tahun 2023.




162       LAPORAN TAHUNAN 2023                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
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Profitabilitas per Masing-masing Segmen Usaha
Profitability per Each Business Segment

Kontribusi profitabilitas segmen usaha terhadap profitabilitas                    The contribution of business segment profitability to Tugu
Tugu Insurance pada tahun 2023 dan 2022 dapat dilihat                             Insurance's profitability in 2023 and 2022 is as follows:
sebagai berikut:

Profitabilitas Segmen Usaha Tugu Insurance Tahun 2022-2023
Tugu Insurance’s Business Segment Profitability in 2022-2023


Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                                    Pertumbuhan
                            Segmen Usaha
                                                                                      2023                    2022                     Growth
                           Business Segments
                                                                                                                                         (%)
 Asuransi Umum                                                                           1.259.478                   352.685                257,11%
 General Insurance
 Reasuransi                                                                                (41.246)                   97.313               (142,38%)
 Reinsurance
 Sewa, Bisnis Terkait dan Lain-lain                                                        340.234                    94.144                261,40%
 Rentals, Related Businesses and Others
 Sub Jumlah                                                                              1.558.466                   544.141                186,41%
 Subtotal
 Eliminasi                                                                                (256.365)                 (149.036)                72,02%
 Elimination
 Laba Periode Berjalan                                                                   1.302.101                   395.105                229,56%
 Income for the Period




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                          ANNUAL REPORT 2023     163
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          Performance Review               Management Report                 Company Profile                  Management Discussion and Analysis




  Tinjauan Keuangan
  Financial Review




  Standar Penyajian Informasi dan Kesesuaian terhadap SAK
  Standards for the Presentation of Financial Information and Conformity with the FAS

  Analisa dan pembahasan kinerja keuangan pada Laporan                          The analysis and discussion of financial performance in
  Tahunan ini mengacu pada Laporan Keuangan Konsolidasian                       this Annual Report refers to the Consolidated Financial
  PT Asuransi Tugu Pratama Indonesia Tbk yang telah diaudit                     Statements of PT Asuransi Tugu Pratama Indonesia Tbk
  oleh Kantor Akuntan Publik Amir Abadi Jusuf, Aryanto,                         which have been audited by Amir Abadi Jusuf, Aryanto,
  Mawar, dan Rekan (Member of the RSM Network) dengan                           Mawar & Rekan Public Accounting Firm (Member of the RSM
  opini wajar dalam semua hal yang material untuk tahun-                        Network) with the opinion fair in all material respects for
  tahun yang berakhir 31 Desember 2023 dan 31 Desember                          the years ended in 31 December 2023 and 31 December
  2022. Laporan Keuangan Konsolidasian Perseroan disusun                        2022. The Company’s financial statements are prepared
  dan disajikan sesuai Standar Akuntansi Keuangan (SAK)                         and presented in accordance with Financial Accounting
  yang berlaku di Indonesia, yaitu Pernyataan Standar                           Standards (FAS) in Indonesia, namely the Statement of
  Akuntansi Keuangan (PSAK), yang mencakup Pernyataan dan                       Financial Accounting Standards (PSAK), which includes
  Interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi                    Statements and Interpretations issued by the Financial
  Keuangan (“DSAK”) Ikatan Akuntan Indonesia dan Peraturan                      Accounting Standards Board (“DSAK”) of the Indonesian
  Pasar Modal yang berlaku antara lain Peraturan Badan                          Institute of Accountants and the Capital Market Regulations
  Pengawas Pasar Modal dan Lembaga Keuangan (Bapepam-                           issued by the Indonesian Institute of Accountants. Among
  LK) No. VIII.G.7 tentang Pedoman Penyajian Laporan                            other, Regulation of the Capital Market and Financial
  Keuangan, keputusan Ketua Bapepam-LK No. KEP-347/                             Institution Supervisory Agency (Bapepam-LK) No. VIII.G.7
  BL/2012 tentang Penyajian dan Pengungkapan Laporan                            concerning Guidelines for the Presentation of Financial
  Keuangan Emiten atau Perusahaan Publik.                                       Statements, Decree of the Chairman of Bapepam-LK No.
                                                                                KEP-347/BL/2012 concerning Presentation and Disclosure
                                                                                of Financial Statements of Issuers or Public Companies.

  Laporan Posisi Keuangan Konsolidasian
  Consolidated Statements of Financial Position
  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                Pertumbuhan
                      Keterangan
                                                               2023                              2022                              Growth
                       Description
                                                                                                                                     (%)
      Total Aset                                                      25.137.943                        21.581.305                                 16,48%
      Total Assets
      Total Liabilitas                                                14.858.084                        12.409.207                                 19,73%
      Total Liabilities
      Total Ekuitas                                                   10.279.858                            9.172.098                              12,08%
      Total Equity
      Total Liabilitas dan Ekuitas                                    25.137.943                        21.581.305                                 16,48%
      Total Liabilities and Equity




164       LAPORAN TAHUNAN 2023                                                                                    PT Asuransi Tugu Pratama Indonesia Tbk
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Aset
Assets

Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                              Pertumbuhan
                          Keterangan
                                                                             2023                      2022                      Growth
                           Description
                                                                                                                                   (%)
 Kas dan Bank                                                                       537.857                   608.986                  (11,68%)
 Cash on Hand and in Banks
 Investasi
 Investments
     Deposito Berjangka                                                            3.080.100                1.836.714                   67,70%
     Time Deposits
     Efek-Efek                                                                     6.071.399                4.996.347                   21,52%
     Marketable Securities
     Penyertaan Langsung                                                             36.254                       35.168                 3,09%
     Direct Participation
     Investasi pada Entitas Asosiasi                                                166.639                   162.314                    2,66%
     Investment in Associates
     Properti Investasi                                                            2.317.627                2.292.878                    1,08%
     Investment Properties
 Total Investasi                                                                  11.672.019                9.323.421                   25,19%
 Total Investment
 Piutang Premi dan Sesi, Bersih                                                    1.859.031                2.075.334                  (10,42%)
 Premiums and Cessions Receivables, Net
 Piutang Koasuransi, Bersih                                                         422.879                   128.981                  227,86%
 Coinsurance Receivables, Net
 Piutang Reasuransi dan Retrosesi, Bersih                                           655.594                   387.892                   69,01%
 Reinsurance and Retrocession Receivables, Net
 Piutang Lain-Lain                                                                  266.796                   214.227                   24,54%
 Other Receivables
 Aset Tetap, Bersih                                                                1.614.303                1.443.394                   11,84%
 Fixed Assets, Net
 Aset Tak Berwujud, Bersih                                                          113.420                       35.569               218,87%
 Intangible Assets, Net
 Aset Hak Guna, Bersih                                                               10.358                        8.540                21,28%
 Right Use of Assets, Net
 Aset Reasuransi                                                                   7.262.060                6.660.510                    9,03%
 Reinsurance Asset
 Biaya Dibayar Dimuka dan Uang Muka                                                  32.437                       36.655               (11,51%)
 Prepaid Expenses and Advances
 Tagihan Kelebihan Pembayaran Pajak                                                       0                         661                  (100%)
 Claim for Tax Refund
 Pajak Dibayar Dimuka                                                                35.238                       46.732               (24,59%)
 Prepaid Taxes
 Aset Pajak Tangguhan, Bersih                                                       281.651                   244.382                   15,25%
 Deferred Tax Assets, Net
 Aset Lain-Lain                                                                     374.299                   366.021                    2,26%
 Other Assets
 Total Aset                                                                       25.137.943               21.581.305                   16,48%
 Total Assets




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023     165
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          Performance Review                   Management Report       Company Profile                  Management Discussion and Analysis




  Per 31 Desember 2023, Perseroan membukukan jumlah                       As of 31 December 2023, the Company recorded total
  aset sebesar Rp25,14 triliun, mengalami peningkatan                     assets of IDR25.14 trillion, an increase of 16.48% compared
  16,48% jika dibandingkan dengan tahun 2022 yang sebesar                 to 2022 which amounted to IDR21.58 trillion. This increase
  Rp21,58 triliun. Peningkatan ini terutama disebabkan                    was mainly due to an increase in investment, fixed assets
  adanya peningkatan investasi, peningkatan asset tetap dan               and reinsurance assets.
  peningkatan aset reasuransi.


  Liabilitas dan Ekuitas
  Liabilities and Equity

  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                               Pertumbuhan
                                      Keterangan
                                                                                2023                       2022                   Growth
                                       Description
                                                                                                                                    (%)
      Liabilitas
      Liabilities
      Utang Reasuransi dan Retrosesi                                                1.891.733                  1.461.086                     29,47%
      Reinsurance and Retrocession Payables
      Utang Komisi                                                                         43.569                 32.860                     32,59%
      Commission Payable
      Utang Klaim                                                                     313.786                    129.056                 143,14%
      Claims Payable
      Utang Koasuransi                                                                     73.562                 46.888                     56,89%
      Coinsurance Payable
      Pinjaman Diterima                                                               296.150                    121.347                 144,05%
      Borrowings
      Utang Pembiayaan Konsumen dan Sewa Pembiayaan                                        45.514                 68.616                 (33,67%)
      Consumer Finance and Leases Payable
      Liabilitas Sewa                                                                       6.195                  2.918                 112,31%
      Lease Liabilities
      Beban Akrual                                                                    290.478                    137.516                 111,23%
      Accrued Expenses
      Utang Pajak                                                                     180.343                     64.786                 178,37%
      Taxes Payable
      Utang Lain-Lain                                                                 270.437                    263.686                      2,56%
      Other Payables
      Liabilitas Asuransi                                                          11.147.535                  9.797.252                     13,78%
      Insurance Liabilities
      Liabilitas Imbalan Kerja                                                        295.526                    283.197                      4,35%
      Employee Benefits Liabilities
      Total Liabilitas                                                             14.858.084                12.409.207                      19,73%
      Total Liabilities




166       LAPORAN TAHUNAN 2023                                                                              PT Asuransi Tugu Pratama Indonesia Tbk
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                                                                                                                                Pertumbuhan
                                Keterangan
                                                                                  2023                    2022                     Growth
                                 Description
                                                                                                                                     (%)
 Ekuitas
 Equity
 Modal saham – nilai nominal Rp50 (nilai penuh) per saham.                           177.779                     177.779                  0,00%
 Modal dasar - 6.400.000.000 saham
 Modal ditempatkan dan disetor penuh – 3.555.575.600 saham
 dengan jumlah nilai nominal seluruhnya sebesar Rp177.778.780.000
 (nilai penuh) per 31 Desember 2023
 Nilai nominal Rp100 (nilai penuh) per saham
 Modal dasar – 6.400.000.000 saham
 Modal ditempatkan dan disetor penuh 1.777.787.800 saham dengan
 jumlah nilai nominal seluruhnya sebesar Rp177.778.780.000 (nilai
 penuh) tahun 2022

 Share capital - Par value IDR50 (full amount) per share.
 Authorized - 6,400,000,000 shares
 Issued and fully paid - 3,555,575,600 shares with a total nominal
 value IDR177,778,780,000 (full amount) as of 31 December 2023
 Share capital IDR100 (full amount) per share
 Authorized - 6,400,000,000 shares
 Issued and fully paid - 1,777,787,800 shares with a total nominal
 value IDR177,778,780,000 (full amount) year 2022
 Tambahan Modal Disetor                                                              625.460                     625.460                  0,00%
 Additional Paid-in Capital
 Selisih Kurs Penjabaran Laporan Keuangan                                            (37.679)                    (32.181)                17,08%
 Translation Adjustments
 Selisih Transaksi antara Pemegang Saham Entitas Anak                                105.556                     105.556                  0,00%
 Difference of Transactions Between Shareholders of a
 Subsidiary
 (Kerugian)/Keuntungan yang Belum Direalisasi atas Efek-Efek yang                        8.409                   (26.735)               131,45%
 Tersedia untuk Dijual, Neto
 Unrealized (Losses)/Gains on Available-for-Sale Marketable Securities,
 Net
 Surplus Revaluasi Aset Tetap                                                       2.027.351                   2.013.558                 0,69%
 Fixed Assets Revaluation Surplus
 Saldo Laba
 Retained Earnings
 Telah Dicadangkan                                                                   413.313                     413.313                  0,00%
 Appropriated
 Belum Dicadangkan                                                                  6.262.074                   5.162.580                21,30%
 Unappropriated
 Sub-Total Ekuitas yang Dapat Diatribusikan kepada:
 Sub-Total Equity Attributable to:
 Pemilik Entitas Induk                                                              9.582.263                   8.439.329                13,54%
 Equity Owners of the Parent Entity
 Kepentingan Non-Pengendali                                                          697.595                     732.769                 (4,80%)
 Non-Controlling Interest
 Total Ekuitas                                                                     10.279.858                   9.172.098                12,08%
 Total Equity
 Total Liabilitas dan Ekuitas                                                      25.137.943               21.581.305                   16,48%
 Total Liabilities and Equity




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023     167
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  Liabilitas                                                                   Liabilities

  Di tahun 2023, jumlah liabilitas Perseroan tercatat sebesar                  In 2023, the Company's total liabilities were recorded at
  Rp14,86 triliun, meningkat 19,73% dibanding tahun                            IDR14.86 trillion, an increase of 19.73% compared to
  sebelumnya yang sebesar Rp12,41 triliun. Hal tersebut                        the previous year of IDR12.41 trillion. This was mainly
  terutama disebabkan oleh adanya kenaikan pada liabilitas                     due to an increase in insurance liabilities, reinsurance
  asuransi, utang reasuransi dan retrosesi serta utang klaim                   and retrocession payables and claims payable in line with
  sejalan dengan pertumbuhan bisnis pada tahun 2023 ini.                       business growth in 2023.

  Ekuitas                                                                      Equity

  Jumlah ekuitas Perseroan di tahun 2023 tercatat sebesar                      The Company's total equity in 2023 was recorded at
  Rp10,28 triliun, meningkat 12,08% dari tahun 2022 yang                       IDR10.28 trillion, an increase of 12.08% from 2022 which
  sebesar Rp9,17 triliun. Hal ini disebabkan oleh adanya                       amounted to IDR9.17 trillion. This was due to increase in net
  peningkatan laba bersih pada tahun 2023 yang tercatat                        profit in 2023 recorded in unreserved retained earnings.
  pada saldo laba yang belum dicadangkan.


  Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
  Consolidated Statements of Profit or Loss and Other Comprehensive Income
  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                 Pertumbuhan
                                 Keterangan
                                                                                     2023                    2022                   Growth
                                  Description
                                                                                                                                      (%)
      Jumlah Pendapatan                                                                  3.591.485               3.093.893                     16,08%
      Total Revenues
      Jumlah Beban                                                                      (1.966.917)            (2.593.744)                 (24,17%)
      Total Expenses
      Laba Tahun Berjalan                                                                1.302.101                 395.105                 229,56%
      Income for the Year
      Jumlah Penghasilan Komprehensif Tahun Berjalan                                     1.352.122                 526.459                 156,83%
      Total Comprehensive Income for the Year



  Pendapatan
  Revenues

  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                 Pertumbuhan
                                 Keterangan
                                                                                     2023                    2022                   Growth
                                  Description
                                                                                                                                      (%)
      Pendapatan Underwriting
      Underwriting Revenues
      Premi Bruto                                                                        7.709.524               6.705.580                     14,97%
      Gross Premium
      Premi Reasuransi dan Retrosesi                                                    (4.368.028)            (3.518.923)                     24,13%
      Reinsurance and Retrocession Premium
      Perubahan Premi yang Belum Merupakan Pendapatan dan Liabilitas                      (711.845)                (74.293)                858,16%
      Manfaat Polis Masa Depan
      Changes in Unearned Premium Reserves and Liabilities for Future
      Policy Benefit




168       LAPORAN TAHUNAN 2023                                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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                                                                                                                                   Pertumbuhan
                               Keterangan
                                                                                     2023                    2022                     Growth
                                Description
                                                                                                                                        (%)
 Perubahan Aset Asuransi Atas Premi yang Belum Merupakan                                  450.281                  (267.439)               268,37%
 Pendapatan dan Liabilitas Manfaat Polis Masa Depan
 Changes in Reinsurance Assets of Unearned Premium Reserves and
 Liabilities for Future Policy Benefit
 Pendapatan Premi, Bersih                                                               3.079.932                  2.844.925                 8,26%
 Premium Income, Net
 Pendapatan (Beban) Komisi, Bersih                                                       (470.368)                 (502.133)                (6,33%)
 Commission Revenue (Expense), Net
 a.   Total Pendapatan Underwriting                                                     2.609.564                  2.342.792                11,39%
      Total Underwriting Revenues
 b.   Pendapatan Investasi                                                                579.830                   352.391                 64,54%
      Investment Income
 c.   Pendapatan Usaha Lainnya                                                            402.091                   398.710                  0,85%
      Other Operating Income
 Total Pendapatan                                                                       3.591.485                  3.093.893                16,08%
 Total Revenues


Di tahun 2023, Perseroan membukukan total pendapatan                             In 2023, the Company recorded total revenue of IDR3.59
sebesar Rp3,59 triliun, meningkat 16,08% dibandingkan                            trillion, an increase of 16.08% compared to total revenue in
total pendapatan tahun 2022 sebesar Rp3,09 triliun.                              2022 of IDR3.09 trillion. This increase was due to increase
Peningkatan ini disebabkan oleh peningkatan pendapatan                           in underwriting income of 11.39%, increase in investment
underwriting sebesar 11,39%, kenaikan pendapatan                                 income of 64.54% and increase in other business income of
investasi sebesar 64,54% dan kenaikan pendapatan usaha                           0.85%.
lainnya sebesar 0,85%.

Pendapatan Perseroan didapatkan dari 3 (tiga) pos                                The Company’s revenues are obtained from 3 (three) revenue
pendapatan, yaitu Pendapatan Underwriting, Pendapatan                            posts, namely Underwriting Revenue, Investment Income,
Investasi, dan Pendapatan Usaha Lainnya.                                         and Other Operating Revenue.
1. Pendapatan Underwriting                                                       1. Underwriting Revenue
    Pada akhir tahun 2023, Perseroan mencatat kenaikan                              At the end of 2023, the Company recorded an increase
    Pendapatan Underwriting Konsolidasi sebesar 11,39%                              in Consolidated Underwriting Income of 11.39% from
    dari Rp2,34 triliun di tahun 2022 menjadi Rp2,60 triliun                        IDR2.34 trillion in 2022 to IDR2.60 trillion in 2023.
    di tahun 2023. Hal ini antara lain dikontribusikan oleh                         This was contributed by the fire insurance, engineering
    bisnis asuransi kebakaran, asuransi rekayasa dan                                insurance and marine hull insurance businesses.
    asuransi rangka kapal.                                                       2. Investment Income
2. Pendapatan Investasi                                                             Investment Income increased by 64.54% from IDR352.39
    Pendapatan Investasi mengalami kenaikan sebesar                                 billion in 2022 to IDR579.83 billion in 2023. This
    64,54% dari Rp352,39 miliar di tahun 2022 menjadi                               increase was mainly due to an increase in interest
    Rp579,83 miliar di tahun 2023. Peningkatan ini terutama                         income from bonds, time deposits, and dividend income
    disebabkan karena peningkatan pada penghasilan                                  as shown in the table below:
    bunga dari obligasi, deposito berjangka, dan penghasilan
    dividen sebagaimana ditunjukan pada tabel di bawah ini:




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023     169
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           Performance Review               Management Report                     Company Profile                   Management Discussion and Analysis




  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                           Pertumbuhan
                                   Keterangan
                                                                                           2023                        2022                   Growth
                                    Description
                                                                                                                                                (%)
      Penghasilan Bunga Obligasi                                                                 319.240                     172.137                     85,46%
      Interest Income From Bonds
      Deposito Berjangka                                                                         127.558                      49.420                 158,11%
      Time Deposits
      Laba (Rugi) Selisih Perubahan Nilai Wajar Properti Investasi                                    24.706                    (690)              3.678,03%
      Gain (Loss) on Revaluation Increment of Investment Property
      Keuntungan dari Perubahan Nilai Wajar Efek                                                      63.042                 121.480                 (48,11%)
      Gain on Changes in Fair Value of Marketable Securities
      Penghasilan Dividen                                                                             39.986                   7.802                 412,51%
      Dividend Income
      Lain-Lain                                                                                        5.298                   2.242                 136,33%
      Others
      Total                                                                                      579.830                     352.391                     64,54%


  3. Pendapatan Usaha Lainnya                                                        3. Other Operating Revenue
     Di tahun 2023, pendapatan usaha lainnya tercatat                                   In 2023, other operating revenue was recorded at
     sebesar Rp402,10 miliar, meningkat 0,85% dibanding                                 IDR402.10 billion, an increase of 0.85% compared
     tahun 2022 yang sebesar Rp398,71 miliar. Pencapaian                                to 2022 which amounted to IDR398.71 billion. This
     tersebut dikontribusikan oleh usaha sewa kendaraan                                 achievement was contributed by the vehicle and property
     dan properti melalui anak usaha yaitu PT Pratama Mitra                             rental business through a subsidiary, PT Pratama Mitra
     Sejati dan dari usaha jasa survei melalui anak usaha PT                            Sejati and from the survey services business through a
     Synergy Risk Management Consultants dengan rincian                                 subsidiary, PT Synergy Risk Management Consultants
     sebagai berikut:                                                                   with the following details:


  Pendapatan Usaha Lainnya
  Other Operating Revenue


  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                   2023                                                    2022
                                                                                                                                            Pertumbuhan
            Jenis Usaha                                        Kontribusi                                            Kontribusi                Growth
          Type of Business           Nominal                   Contribution                Nominal                   Contribution                (%)
                                                                   (%)                                                   (%)
      Usaha Sewa                            212.807                     52,93%                        223.711                  56,11%                    (4,87%)
      Rental Business
      Jasa Survei                            86.644                     21,55%                        111.911                  28,07%                (22,58%)
      Survey Fee
      Penjualan Kendaraan                   102.640                     25,53%                         63.088                  15,82%                    62,69%
      Sales of Vehicles
      Total                                 402.091                    100,00%                        398.710                 100,00%                100,00%




170       LAPORAN TAHUNAN 2023                                                                                          PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                      Corporate Social Responsibility                    Audited Report




Beban
Expenses

Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                                   Pertumbuhan
                          Keterangan
                                                                             2023                          2022                       Growth
                           Description
                                                                                                                                        (%)
 Klaim Bruto                                                                        (2.785.387)                (2.284.626)                  21,92%
 Gross Claims
 Klaim Reasuransi dan Retrosesi                                                      1.361.523                       972.264                40,04%
 Reinsurance and Retrocession Claims
 Perubahan Estimasi Liabilitas Klaim                                                 (638.438)                 (1.162.636)                 (45,09%)
 Changes in Estimated Claims Liabilities
 Perubahan Aset Reasuransi atas Estimasi Liabilitas Klaim                              151.269                       802.649               (81,15%)
 Changes in Reinsurance Assets for Estimated Liabilities
 Claims
 Total Beban Klaim Neto                                                             (1.911.033)                (1.672.348)                  14,27%
 Total Net Claim Expenses
 Beban Usaha                                                                         (812.221)                    (771.136)                  5,33%
 Operating Expenses
 Beban Usaha Lainnya                                                                 (298.264)                    (258.769)                 15,26%
 Other Operating Expenses
 Pendapatan (Beban) Lain-Lain, Bersih                                                1.054.600                       108.510               871,89%
 Other Income (Expenses), Net
 Total Beban                                                                       (1.966.917)                 (2.593.744)                 (24,17%)
 Total Expenses


Di tahun 2023, Perseroan mencatatkan total beban sebesar                          In 2023, the Company recorded total expenses of IDR1.97
Rp1,97 triliun, mengalami penurunan 24,17% dari tahun                             trillion, a 24.17% decrease from the previous year of
sebelumnya sebesar Rp2,59 triliun. Beban konsolidasian                            IDR2.59 trillion. The Company's consolidated expenses
Perseroan terdiri dari:                                                           consist of:
1. Beban Klaim Neto                                                               1. Net Claim Expenses
    Secara konsolidasi, beban klaim neto meningkat sebesar                              On a consolidated basis, net claim expenses increased
    14,27% dari Rp1,67 triliun di tahun 2022 menjadi                                    by 14.27% from IDR1.67 trillion in 2022 to IDR1.92
    Rp1,92 triliun di tahun 2023. Hal ini disebabkan dengan                             trillion in 2023. This was due to an increase in claim
    peningkatan cadangan klaim di anak Perusahaan PT Tugu                               reserves at subsidiary PT Tugu Reasuransi in line with the
    Reasuransi sejalan dengan konsep prudent underwriting                               concept of prudent underwriting applied by the company.
    yang diterapkan oleh perusahaan.                                              2. Operating Expenses
2. Beban Usaha                                                                          Consolidated operating expenses increased by 5.33%
    Beban usaha konsolidasian mengalami peningkatan                                     from IDR771.14 billion in 2022 to IDR812.22 billion in
    sebesar 5,33% dari Rp771,14 miliar di tahun 2022                                    2023. This was mainly due to an increase in salaries and
    menjadi Rp812,22 miliar di tahun 2023. Hal ini terutama                             benefits, as well as marketing expenses.
    disebabkan oleh adanya peningkatan pada gaji dan                              3. Other Operating Expenses
    tunjangan, serta biaya pemasaran.                                                   Other operating expenses increased by 15.26% from
3. Beban Usaha Lainnya                                                                  IDR258.77 billion in 2022 to IDR298.26 billion in 2023.
    Beban usaha lainnya meningkat 15,26% dari Rp258,77                                  The increase in expenses was due to an increase in
    miliar di tahun 2022 menjadi Rp298,26 miliar di                                     the cost of vehicles in line with the increase in revenue
    tahun 2023. peningkatan beban ini disebabkan oleh                                   from vehicle sales at Subsidiary PT Pratama Mitra
    peningkatan harga pokok penjualan kendaraan sejalan                                 Sejati. Other operating expenses are direct expenses
    dengan peningkatan pendapatan atas penjualan                                        of non-insurance subsidiaries engaged in property and
    kendaraan di Anak Perusahaan PT Pratama Mitra Sejati.                               vehicle rental business (PT Pratama Mitra Sejati) and
    Beban usaha lainnya adalah pengeluaran langsung dari                                survey services business (PT Synergy Risk Management
    entitas anak non-asuransi yang bergerak dalam bidang                                Consultants).
    usaha sewa properti dan kendaraan (PT Pratama Mitra
    Sejati) serta bidang usaha jasa survei (PT Synergy Risk
    Management Consultants).



PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023     171
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      1   Kilas Kinerja                    2   Laporan Manajemen            3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
          Performance Review                   Management Report                Company Profile                 Management Discussion and Analysis




  4. Pendapatan (Beban) Lain-Lain, Bersih                                           4. Other Revenues (Expenses), Net
     Perseroan mencatatkan pendapatan lain-lain (bersih)                               The Company recorded other revenues (net) of IDR1.05
     sebesar Rp1,05 triliun di tahun 2023 sedangkan pada                               trillion in 2023 while in 2022 the Company recorded
     tahun 2022 Perseroan mencatatkan pendapatan lain-                                 other income net of IDR108.51 billion. This was mainly
     lain bersih, sebesar Rp108,51 miliar. Hal ini terutama                            due to the Company recorded a gain from the litigation
     disebabkan Perseroan mencatatkan adanya pendapatan                                case between the Company and Citibank N.A. where
     dari kasus litigasi antara Perseroan dan Citibank N.A.                            the Company won the legal case and the decision of
     dimana Perseroan memenangkan kasus hukum tersebut                                 the Hong Kong Court requires Citibank N.A. to make a
     dan Keputusan dari Pengadilan Hong Kong mewajibkan                                payment to the Company of IDR1.1 trillion (before tax).
     Citibank N.A. melakukan pembayaran kepada Perseroan
     sebesar Rp1,1 triliun (sebelum di potong pajak).

  Laba
  Income

  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                         Pertumbuhan
                                     Keterangan
                                                                                              2023                     2022                 Growth
                                      Description
                                                                                                                                              (%)
      Laba Sebelum Bagian Laba Bersih Entitas Asosiasi dan Beban Pajak Final                        1.624.567                500.149             224,82%
      dan Pajak Penghasilan
      Income Before Share in Associates’ Net Income and Final Tax and Income
      Tax Expense
      Bagian Laba Bersih Entitas Asosiasi                                                              7.763                  17.048             (54,46%)
      Share in Associate’s Net Income
      Laba Sebelum Beban Pajak Final dan Pajak Penghasilan                                          1.632.330                517.197             215,61%
      Income Before Final Tax Expense and Income Tax
      Beban Pajak Final                                                                              (52.160)                (30.496)                71,04%
      Final Tax Expense
      Laba Sebelum Beban Pajak Penghasilan                                                          1.580.171                486.701             224,67%
      Income Before Income Tax Expense
      Beban (Manfaat) Pajak Penghasilan                                                             (278.069)                (91.596)            203,58%
      Income Tax Expenses (Benefits)
      Laba Tahun Berjalan                                                                           1.302.101                395.105             229,56%
      Income for the Year
      Penghasilan Komprehensif Lain Setelah Pajak                                                     50.021                 131.354             (61,92%)
      Other Comprehensive Income After Tax
      Jumlah Penghasilan Komprehensif Tahun Berjalan                                                1.352.122                526.459             156,83%
      Total Comprehensive Income for the Year
      Laba Tahun Berjalan yang Dapat Diatribusikan Kepada:
      Income for the Year Attributable to:
      Pemilik Entitas Induk                                                                         1.322.394                347.151             280,93%
      Equity Owners of the Parent Entity
      Kepentingan Non-Pengendali                                                                     (20.292)                 47.955            (142,31%)
      Non-controlling Interest
      Total Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan Kepada:
      Total Comprehensive Income for the Year Attributable to:
      Pemilik Entitas Induk                                                                         1.372.504                482.800             184,28%
      Equity Owners of the Parent Entity
      Kepentingan Non-Pengendali                                                                     (20.382)                 43.659            (146,68%)
      Non-controlling Interest
      Laba Per Saham yang Dapat Diatribusikan kepada Pemilik Entitas Induk                               372                     195                 90,73%
      (Nilai Penuh) - Dasar dan Dilusian
      Earnings per Share Attributable to Equity Owners of the Parent Entity (Full
      Amount) - Basic and Diluted




172       LAPORAN TAHUNAN 2023                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                      Corporate Social Responsibility                   Audited Report




Per 31 Desember 2023, Perseroan membukukan laba                                   As of 31 December 2023, the Company recorded income
tahun berjalan sebesar Rp1.302,10 miliar, meningkat                               for the year amounted to IDR1,302.10 billion, increased
sebesar 229,56% dari Rp395,11 miliar di tahun 2022.                               by 229.56% from IDR395.11 billion in 2022. In line with
Selaras dengan peningkatan tersebut, laba tahun berjalan                          this increase, income for the year attributable to owners of
yang dapat diatribusikan kepada pemilik entitas induk                             the parent entity increased by 280.93% from IDR347.15
meningkat sebesar 280,93 % dari tahun 2022 yang sebesar                           billion in 2022 to IDR1,322.39 billion with earnings per
Rp347,15 miliar menjadi Rp1.322,39 miliar dengan laba                             share attributable to owners of the parent entity of IDR372
per saham yang dapat diatribusikan kepada pemilik entitas                         or an increase of 90.73% compared to the previous year
induk sebesar Rp372 atau mengalami peningkatan 90,73%                             of IDR195.
dibanding tahun sebelumnya sebesar Rp195.

Penghasilan Komprehensif Tahun Berjalan                                           Comprehensive Income for the Year
Penghasilan komprehensif Perseroan di tahun 2023                                  The Company's comprehensive income in 2023 was
tercatat sebesar Rp1.352,12 miliar, mengalami                                     recorded at IDR1,352.12 billion, an increase of 156.83%
peningkatan 156,83% dibanding tahun 2022 yang sebesar                             compared to 2022 which amounted to IDR526.46 billion.
Rp526,46 miliar.

Sedangkan total penghasilan komprehensif tahun berjalan                           While the total comprehensive income for the year
yang diatribusikan kepada pemilik entitas induk sebesar                           attributable to owners of the parent entity amounted to
Rp1.372,50 milar, namun Perseroan mencatatkan                                     IDR1,372.50 billion, nevertheless the Company recorded
penurunan penghasilan komprehensif yang dapat                                     a decrease in comprehensive income attributable to non-
diatribusikan kepada kepentingan non-pengendali sebesar                           controlling interests of IDR20.38 billion due to a decrease in
Rp20,38 miliar yang disebabkan atas penurunan surplus                             fixed asset surplus revaluation compared to last year.
revaluasi aset tetap dibandingkan tahun lalu.

Arus Kas Konsolidasian
Consolidated Cash Flows
Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                                    Pertumbuhan
                               Keterangan
                                                                                      2023                    2022                     Growth
                                Description
                                                                                                                                         (%)
 Arus Kas Neto yang diperoleh dari (digunakan untuk) Aktivitas Operasi                   2.128.649                   855.914                148,70%
 Net Cash Flows provided by (used in) Operating Activities
 Arus Kas Neto yang diperoleh dari (digunakan untuk) Aktivitas                          (2.094.902)                 (657.432)               218,65%
 Investasi
 Net Cash Flows provided by (used in) Investing Activities
 Arus Kas Neto yang diperoleh dari (digunakan untuk) Aktivitas                            (101.381)                 (157.921)               (35,80%)
 Pendanaan
 Net Cash Flows provided by (used in) Financing Activities
 Kenaikan (Penurunan) Neto Kas dan Bank                                                    (67.634)                   40.562               (266,74%)
 Net Increase (Decrease) in Cash and Banks
 Penyesuaian atas Selisih Kurs                                                               (3.494)                  22.433               (115,58%)
 Adjustment of Foreign Exchanges Difference
 Kas dan Bank Awal Tahun                                                                   608.986                   545.992                 11,54%
 Cash and Banks at Beginning of the Year
 Kas dan Bank Akhir Tahun                                                                  537.857                   608.986                (11,68%)
 Cash and Banks at the End of the Year




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                          ANNUAL REPORT 2023     173
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      1   Kilas Kinerja                  2   Laporan Manajemen        3   Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
          Performance Review                 Management Report            Company Profile                   Management Discussion and Analysis




  Arus Kas dari Aktivitas Operasi
  Cash Flows Provided by Operating Activities


  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                    Pertumbuhan
                                    Keterangan
                                                                                   2023                        2022                    Growth
                                     Description
                                                                                                                                         (%)
      Penerimaan Kas dari Tertanggung, Reasuradur dan Pelanggan                        8.499.827                   7.996.568                      6,29%
      Cash Receipts from the Insured, Reinsurers, and Customers
      Pembayaran Kas kepada Tertanggung, Reasuradur, Pemasok, dan                     (7.303.260)                (7.084.256)                      3,09%
      Karyawan
      Cash Paid to the Insured, Insurers, Suppliers and Employees
      Pembayaran Pajak Penghasilan                                                      (198.596)                    (56.870)                249,21%
      Income Tax Paid
      Penerimaan Klaim atas Pengembalian Pajak                                                18.328                     473               3.778,07%
      Cash Receipts from Claim for Tax Refund
      Penerimaan atas Litigasi                                                         1.112.349                            0                     100%
      Cash Receipts from Litigation
      Arus Kas Neto yang Diperoleh dari Aktivitas Operasi                              2.128.649                     855.914                 148,70%
      Net Cash Flows Provided by Operating Activities


  Arus kas neto dari aktivitas operasi tahun 2023 mencapai                   Net cash flow provided by operating activities in 2023
  Rp2.128,65 miliar, meningkat 148,70% dibandingkan tahun                    reached IDR2,128.65 billion, an increase of 148.70%
  2022 yang tercatat sebesar Rp855,91 miliar. Peningkatan ini                compared to IDR855.91 billion in 2022. This increase
  terutama disebabkan oleh adanya penerimaan atas litigasi                   was mainly due to the cash receipt from litigation from the
  atas kemenangan kasus hukum Perseroan dengan Citibank                      settlement of the Company's legal case with Citibank N.A. in
  N.A. di Pengadilan Hong Kong.                                              the Hong Kong Court.

  Arus Kas Digunakan untuk Aktivitas Investasi
  Net Cash Flows Used In Investing Activities


  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                                                                                                    Pertumbuhan
                                    Keterangan
                                                                                    2023                         2022                  Growth
                                     Description
                                                                                                                                         (%)
      Penerimaan Bunga                                                                        446.798                  174.304               156,33%
      Interest Received
      Penerimaan Dividen                                                                       43.396                    9.591               352,45%
      Dividends Received
      Pencairan (Penempatan) Investasi                                                  (2.216.924)                   (577.603)              283,81%
      Proceeds from Sale (Placement) of Investments
      Perolehan Aset Tetap                                                                (368.082)                   (263.734)                  39,57%
      Acquisition of Fixed Assets
      Hasil Penjualan Aset Tetap                                                                   21                        10              119,39%
      Proceeds from Sale of Fixed Assets
      Perolehan Properti Investasi                                                                112                           0                 100%
      Acquisitions of Investment Property
      Arus Kas Neto yang diperoleh dari (digunakan untuk) Aktivitas                     (2.094.902)                   (657.432)              218,65%
      Investasi
      Net Cash Flows provided by (used in) Investing Activities




174       LAPORAN TAHUNAN 2023                                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                      Corporate Social Responsibility                   Audited Report




Di tahun 2023, Perseroan membukukan arus kas digunakan                            In 2023, the Company recorded cash flows used for investing
untuk aktivitas investasi sebesar Rp2.094,90 miliar, atau                         activities amounting to IDR2,094.90 billion, or an increase
meningkat 218,65% dari tahun 2022 yang tercatat sebesar                           of 218.65% from 2022 which was recorded at IDR657.43
Rp657,43 miliar. Hal ini terutama disebabkan oleh adanya                          billion. This was mainly due to an increase in net investment
peningkatan penempatan investasi neto di tahun 2023.                              placement in 2023.

Arus Kas Digunakan untuk Aktivitas Pendanaan
Net Cash Flows Used in Financing Activities


Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                                                                                                                                    Pertumbuhan
                                Keterangan
                                                                                      2023                    2022                     Growth
                                 Description
                                                                                                                                         (%)
 Tambahan Modal Disetor                                                                           0                       28               (100,00%)
 Additional Paid In Capital
 Pembayaran Dividen                                                                       (244.362)                 (131.890)                85,28%
 Dividends Paid
 Pembayaran Bunga Sewa Pembiayaan                                                            (5.279)                  (8.933)               (40,91%)
 Payment of Lease Payable Interest
 Pembayaran Pinjaman Diterima                                                              (71.486)                  (24.791)               188,35%
 Payment of Borrowings
 Pencairan Pinjaman Diterima                                                               246.288                   102.812                139,55%
 Proceeds of Borrowings Receiving
 Pembayaran Utang Sewa Pembiayaan Konsumen dan Sewa                                        (23.102)                  (90.339)               (74,43%)
 Payment of Consumer Finance and Lease Payable
 Pembayaran Liabilitas Sewa                                                                  (3.440)                  (4.808)               (28,44%)
 Payment of Lease Liabilities
 Arus Kas Neto yang diperoleh dari (digunakan untuk) Aktivitas                            (101.381)                 (157.921)               (35,80%)
 Pendanaan
 Net Cash Flows provided by (used in) Financing Activities


Perseroan mencatatkan arus kas digunakan untuk aktivitas                          The Company recorded cash flows used for financing
pendanaan sebesar Rp101,38 miliar, menurun 35,80%                                 activities of IDR101.38 billion, a decrease of 35.80%
jika dibandingkan tahun 2022 yang sebesar Rp157,92                                compared to IDR157.92 billion in 2022. This decrease was
miliar. Penurunan ini terutama disebabkan oleh terdapat                           mainly due to cash receipt from loan disbursement received
penerimaan arus kas dari pencairan pinjaman diterima Anak                         by Subsidiary namely PT Pratama Mitra Sejati, in addition
Perusahaan PT Pratama Mitra Sejati, selain itu terdapat                           there was a decrease in the payment of consumer finance
penurunan pada pembayaran utang sewa pembiayaan                                   and lease payables.
konsumen dan sewa pembiayaan.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                          ANNUAL REPORT 2023     175
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      1       Kilas Kinerja                   2   Laporan Manajemen   3   Profil Perusahaan      4    Analisis dan Pembahasan Manajemen
              Performance Review                  Management Report       Company Profile             Management Discussion and Analysis




  Kemampuan Membayar Kewajiban
  Ability to Pay Liabilities (Solvency) of the Company




  Peraturan Otoritas Jasa Keuangan (POJK) No. 69/                            Financial Services Authority Regulation No. 69/
  POJK.05/2016 mengatur bahwa perusahaan asuransi                            POJK.05/2016, regulates the insurance companies must
  memiliki kewajiban terhadap para nasabahnya untuk                          settle their customers’ claims within 30 (thirty) days of the
  melunasi pembayaran klaim para nasabahnya paling lama                      insured and insurer's agreement or certainty regarding the
  30 (tiga puluh) hari sejak adanya kesepakatan antara                       amount of the claims to be paid. Therefore, the Company
  tertanggung dan penanggung atau kepastian mengenai                         uses solvency ratio and other ratios, such as liquidity
  jumlah klaim yang harus dibayar. Untuk itu, Perseroan                      ratio, investment adequacy ratio, investment returns to
  menggunakan rasio solvabilitas dan rasio lainnya,                          net premium income ratio, and expenses to net premium
  seperti rasio likuiditas, rasio kecukupan investasi, rasio                 income ratio, to measure its ability to pay and guarantee that
  perimbangan hasil investasi dengan pendapatan premi neto,                  customer claims can be paid on time.
  serta rasio beban terhadap pendapatan premi neto dalam
  mengukur kemampuannya membayar dan menjamin klaim
  nasabah dapat terbayar tepat waktu.


  Rasio Solvabilitas
  Solvency Ratio

  Peraturan Otoritas Jasa Keuangan No. 71/POJK.05/2016                       The Regulation of Financial Services Authority No. 71/
  telah mengatur bahwa setiap perusahaan asuransi wajib                      POJK.05/2016 regulated that every insurance company
  menetapkan dan memenuhi target tingkat solvabilitas paling                 is required to set and meet a target solvency level of at
  rendah 120% dari Modal Minimum Berbasis Risiko (MMBR)                      least 120% of the Risk-Based Minimum Capital (MMBR)
  setiap tahun. Perhitungan MMBR per 31 Desember 2023                        every year. MMBR calculation as of 31 December 2023 is
  dapat dilihat sebagai berikut:                                             as follows:

  Dalam jutaan Rupiah, kecuali dinyatakan lain
  Expressed in million Rupiah, unless otherwise stated
                                                  Keterangan
      No.                                                                                      2023                            2022
                                                   Description
          A     Tingkat Solvabilitas
                Solvency Level
                Aset yang Diperkenankan                                                              14.021.034                     11.694.317
                Allowed Assets
                Liabilitas (kecuali Pinjaman Subordinasi)                                            (9.351.637)                    (7.754.871)
                Liabilities (excluding Subordinated Loans)
                Jumlah Tingkat Solvabilitas                                                           4.669.397                       3.939.446
                Total Solvency Level
          B     Modal Minimum Berbasis Risiko (MMBR)
                Risk Based Minimum Capital (MMBR)
                Risiko Kredit
                Credit Risk
                1. Risiko Kredit a (Risiko Kegagalan Debitur)                                           179.981                        156.261
                   Credit Risk a (Debtor Failure Risk)
                2. Risiko Kredit b (Risiko Kegagalan Reasuradur)                                        237.699                        234.921
                   Credit Risk b (Reinsurer Failure Risk)
                Jumlah Risiko Kredit                                                                    417.617                        391.182
                Total Credit Risk




176       LAPORAN TAHUNAN 2023                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
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                                         Keterangan
 No.                                                                                              2023                      2022
                                          Description
       Risiko Likuiditas                                                                                          -                         -
       Liquidity Risk
       Risiko Pasar
       Market Risk
       1. Risiko Pasar a (Risiko Perubahan Hingga Pasar)                                                   235.330                   232.159
          Market Risk a (Changes to Market Risk)
       2. Risiko Pasar b (Risiko Perubahan Nilai Tukar Mata Uang)                                            2.556                     1.446
          Market Risk b (Risk of Changes in Currency Exchange Rates)
       3. Risiko Pasar c (Risiko Perubahan Tingkat Bunga)                                                         -                         -
          Market Risk c (Risk of Changes in Interest Rates)
       Jumlah Risiko Pasar                                                                                 237.886                   233.606
       Total Market Risk
       Risiko Asuransi                                                                                     219.059                   208.859
       Insurance Risk
        Risiko Operasional                                                                                   5.853                     4.501
        Operational Risk
        Jumlah MMBR                                                                                        880.415                   838.149
        Number of MMBR
        Kelebihan (Kekurangan) Batas Tingkat Solvabilitas                                                3.788.981                  3.101.297
        Over (Under) Limit of Solvency Level
        Rasio Pencapaian Solvabilitas (dalam %)                                                            530,36%                   470,02%
        Solvency Ratio Attained (in %)



Hingga akhir tahun 2023, rasio pencapaian solvabilitas                          As of the end of 2023, the Company's solvency ratio was
Perseroan adalah sebesar 530,36% atau berhasil                                  at 530.36% or has successfully exceeded the regulator's
melampaui persyaratan minimum regulator sebesar 120%.                           minimum requirements of 120%. This achievement
Capaian ini meningkat dari tahun 2022 yang sebesar                              increased from 2022, which was at 470.02%. This shows
470,02%. Hal tersebut menunjukkan kondisi finansial                             the soundness of the Company’s financial condition and the
Perseroan yang sehat dan juga kemampuan Perseroan yang                          Company’s ability in paying its liabilities to the parties.
kuat dalam membayar kewajibannya kepada para pihak.


Rasio Lainnya
Other Ratios

                                          Keterangan
 No.                                                                                                2023                     2022
                                           Description
 A     Rasio Likuiditas                                                                                     152,81%                  183,94%
       Liquidity Ratio
 B     Rasio Kecukupan Investasi (RKI)                                                                      541,03%                  575,79%
       Investment Adequacy Ratio (RKI)
 C     Rasio Perimbangan Hasil Investasi dengan Pendapatan Premi Netto                                       34,20%                   21,12%
       Investment Returns to Net Premium Income Ratio
 D     Rasio Beban (Klaim, Usaha dan Komisi) terhadap Pendapatan Premi Neto                                  78,50%                   65,79%
       Expenses (Claims, Business and Commissions) to Net Premium Income Ratio


Kemampuan untuk membayar utang yang berkaitan dengan                            The ability to pay liabilities related to insurance business
kegiatan bisnis asuransi adalah Rasio Kecukupan Investasi                       activities is the Investment Adequacy Ratio (RKI). In 2023,
(RKI). Di tahun 2023, Perseroan mencatatkan nilai RKI                           the Company recorded an RKI value of 541.03% or higher
sebesar 541,03% atau lebih tinggi dari nilai RKI minimal                        than the minimum RKI value of 100%. This indicates that the
sebesar 100%. Hal ini menunjukkan bahwa Investasi                               Company's investment is 5.4 times more than sufficient to
perusahaan 5,4 kali lebih dari cukup untuk membiayai                            cover its liabilities to the insured.
liabilitasnya kepada tertanggung.



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  Tingkat Kolektibilitas Piutang
  Accounts Receivable Collectability




  Perseroan mengukur tingkat kolektibilitas piutangnya secara           The collectability of the Company’s trade receivables is
  berkala untuk mengetahui jika terdapat piutang tidak tertagih         reviewed regularly, which uncollectible receivables will be
  akan dihapuskan secara langsung dengan mengurangi nilai               written off directly by reducing the carrying amount. An
  tercatatnya. Akun penyisihan digunakan ketika terdapat bukti          allowance account is used when there is objective evidence
  yang objektif bahwa Perseroan tidak dapat menagih seluruh             that the Company is unable to collect the entire amount
  nilai terutang sesuai dengan persyaratan awal piutang.                owed in accordance with the initial terms of the receivables.

                      Keterangan
                                                                    2023                                        2022
                       Description
      Rasio Perputaran Piutang                                     56 Hari                                     56 Hari
      Accounts Receivable Turnover Ratio                           56 Days                                     56 Days



  Di tahun 2023, kolektibilitas piutang asuransi di luar piutang        In 2023, the collectability of insurance receivables excluding
  jatuh tempo adalah sebesar 56 hari. Pencapaian ini sama               overdue receivables was 56 days. This accomplishment
  dengan tahun sebelumnya.                                              remained the same, compared to the prior year.




178       LAPORAN TAHUNAN 2023                                                                      PT Asuransi Tugu Pratama Indonesia Tbk
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Struktur Modal dan
Kebijakan Manajemen atas Struktur Modal
Capital Structure and the Management’s Policy on Capital Structure


Rincian Struktur Modal
The Company’s Capital Structure

Komposisi struktur modal Tugu Insurance di tahun 2023                             In 2023, the composition of Tugu Insurance’s capital
berasal dari sumber dana sendiri (ekuitas). Struktur modal                        structure derived from its own source of funds (Equity). In
Perseroan di tahun 2023 mengalami peningkatan sebesar                             2023, the Company's capital structure increased by 12,08%
12,08% dari Rp9,17 triliun di tahun 2022 menjadi Rp10,28                          from IDR9.17 trillion in 2022 to IDR10.28 trillion. The details
triliun. Adapun rincian struktur modal Perseroan dapat dilihat                    of the Company's capital structure are as follows:
sebagai berikut:

Tabel Rincian Struktur Modal
Table of Capital Structure Details


Dalam jutaan Rupiah, kecuali dinyatakan lain
Expressed in million Rupiah, unless otherwise stated
                 Keterangan                                                                                               Pertumbuhan
                                                             2023                                2022
                  Description                                                                                                  (%)
 Total Ekuitas                                                      10.279.858                          9.172.098                        12,08%
 Total Equity




Kebijakan Manajemen atas Struktur Modal
The Management’s Policy on Capital Structure

Tugu Insurance senantiasa menetapkan kebijakan struktur                           Tugu Insurance determines the optimum capital structure
permodalan yang optimal agar dapat memaksimalkan nilai                            policy to maximize the value of the Company. The main
Perseroan. Pengelolaan modal Perseroan bertujuan untuk                            objective of the Company’s capital management is to
mempertahankan rasio modal yang sehat untuk mendukung                             maintain a healthy capital ratio to support the business and
bisnis dan memaksimalkan nilai pemegang saham.                                    maximize shareholder value.

Perseroan melalui Direksi dengan persetujuan Dewan                                Through the Board of Directors, along with the approval from
Komisaris senantiasa mengelola struktur modalnya dan                              the Board of Commissioners, the Company manages the
membuat perubahan jika diperlukan sehubungan dengan                               capital structure and makes changes, where appropriate,
perubahan yang terjadi pada kondisi ekonomi, struktur                             in relation to changes in economic conditions, business
bisnis dan perkembangan dalam industri. Pengelolaan                               structure and developments in the industry. Capital ratio
rasio modal juga diperlukan sebagai unsur kepatuhan                               management is also required as an element of compliance
terhadap Peraturan Otoritas Jasa Keuangan mengenai rasio                          with the Regulation of the Financial Services Authority
pencapaian solvabilitas yang dihitung dengan pendekatan                           concerning the solvency ratio attained, which is calculated
modal berbasis risiko.                                                            using a risk-based capital approach.

Pada periode 31 Desember 2023, Perseroan juga telah                               As of 31 December 2023, the Company has also met the
memenuhi ketentuan solvabilitas yang pencapaiannya jauh                           solvency requirements which are highly surpassed the
berada di atas ketentuan yang ditetapkan oleh Regulator.                          requirements set by the Regulator.




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          Performance Review           Management Report             Company Profile            Management Discussion and Analysis




  Dasar Pemilihan Kebijakan Manajemen atas Struktur Modal
  Basis of Selection of the Management’s Policy on Capital Structure

  Tugu Insurance menetapkan kebijakan struktur permodalan               Tugu Insurance determines the optimal capital structure
  yang optimal agar dapat memaksimalkan nilai Perseroan.                policy in order to maximize the value of the Company. The
  Dasar pemilihan kebijakan manajemen atas struktur modal,              following is the basis for selecting the management’s policy
  antara lain:                                                          on capital structure:
  • Senantiasa berupaya menetapkan target struktur modal                • Always strive to set an optimal target capital structure;
     yang optimal;                                                      • Management’s policy on corporate financing is to
  • Kebijakan manajemen atas pembiayaan perusahaan                          utilize its own source of funds (Equity). In one of the
     adalah dengan memanfaatkan sumber dana sendiri                         Subsidiaries, namely PT Pratama Mitra Sejati, in addition
     (ekuitas). Pada salah satu Entitas Anak, yaitu PT Pratama              to utilizing its own sources of funds, it also has loans in
     Mitra Sejati, selain memanfaatkan sumber dana sendiri                  the form of bank loans or finance leases, but the value is
     juga memiliki pinjaman berupa utang bank atau sewa                     not significant;
     pembiayaan namun nilainya tidak signifikan;                        • The use of a larger proportion of equity (from debt);
  • Penggunaan proporsi ekuitas yang lebih besar (dari                  • The capital structure is always reviewed by considering
     utang);                                                                the balance between financial risk and the rate of return
  • Struktur modal senantiasa ditinjau dengan                               to increase the value of the Company.
     mempertimbangkan keseimbangan antara risiko
     keuangan dan tingkat pengembalian dalam upaya
     meningkatkan nilai Perseroan.




  Ikatan Material untuk Investasi Barang Modal
  Material Commitment for Capital Expenditure




      Selama tahun 2023, Perseroan tidak memiliki ikatan                In 2023, the Company did not have any material commiment
      material terkait investasi barang modal. Hal ini dikarenakan      in relation to investment of capital goods. This was due to
      pembelian aset tetap dan investasi lainnya yang dilakukan         the purchase of fixed assets and other investment conducted
      oleh Perseroan berasal dari modal Perseroan. Dengan               by the Company was originated from the Company’s capital.
      demikian, tidak terdapat informasi mengenai tujuan dari           Therefore, there were no information on the purpose of the
      ikatan material tersebut; sumber dana yang diharapkan             material bonds; the funding sources that is expected to
      untuk memenuhi ikatan tersebut; mata uang yang menjadi            fulfill such bonds; the denominations of the currency; and
      denominasi; dan langkah yang direncanakan Perseroan               steps planned by the Company to protect risks from related
      untuk melindungi risiko dari posisi mata uang asing               currency positions.
      yang terkait.




180       LAPORAN TAHUNAN 2023                                                                      PT Asuransi Tugu Pratama Indonesia Tbk
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Realisasi Investasi Barang Modal Tahun 2023
Realization of Capital Expenditure in 2023




Sepanjang tahun 2023, Perseroan telah merealisasikan                            Throughout 2023, the Company has realized a number of
sejumlah investasi barang modal, baik yang ditujukan untuk                      investments in capital goods, both aimed at supporting
menunjang operasional Perseroan pada tahun buku maupun                          the Company's operations in the fiscal year and to support
untuk menunjang rencana usaha ke depan. Perseroan telah                         future business plans. The Company has realized capital
merealisasikan biaya investasi barang modal sebesar Rp368                       expenditure of IDR368 billion. The details of the realization
miliar. Adapun rincian realisasi investasi barang modal di                      of capital expenditure in 2023 are as follows:
tahun 2023 dapat dilihat sebagai berikut:

Dalam jutaan Rupiah
Expressed in million Rupiah
                           Jenis Barang Modal
                                                                                                             2023
                        Type of Capital Expenditure
 Kendaraan Bermotor                                                                                        288.576
 Motorized Vehicles
 Pengembangan Sistem Informasi                                                                              34.822
 Information System Development
 Renovasi Gedung Perkantoran                                                                                29.809
 Office Building Renovation
 Peralatan Komputer                                                                                         11.734
 Computer Equipment
 Gedung, Mebel dan Peralatan Kantor                                                                         3.141
 Building, Furniture, and Stationaries
 Jumlah                                                                                                    368.082
 Total




Informasi dan Fakta Material yang Terjadi
setelah Tanggal Laporan Akuntan
Material Information and Facts Subsequent to the Accountant’s Report Date



Tidak terdapat informasi dan fakta material yang terjadi                        There is no material information and facts after the date of
setelah tanggal Laporan Akuntan sampai dengan                                   accounting report until the issuance of this Annual Report.
diterbitkannya Laporan Tahunan ini.




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  Prospek Usaha
  Business Outlook




  Seperti dikutip dari Laporan Kebijakan Moneter                    As quoted from the 2023 Fourth Quarter Monetary Policy
  Triwulan IV 2023 yang dirilis oleh Bank Indonesia,                Report released by Bank Indonesia, it stated that the world
  menyatakan bahwa pertumbuhan ekonomi dunia                        economic growth was experiencing a slowdown with easing
  melambat dengan ketidakpastian pasar keuangan yang                financial market uncertainty. The global economy is forecast
  mereda. Ekonomi global diprakirakan tumbuh sebesar                to grow by 3.0% in 2023 and would slow down to 2.8% in
  3,0% pada 2023 dan melambat menjadi 2,8% pada 2024.               2024. The economies of the United States (US) and India
  Ekonomi Amerika Serikat (AS) dan India tetap kuat didukung        remained strong supported by household consumption and
  konsumsi rumah tangga dan investasi. Sementara itu,               investment. Meanwhile, China's economy decelerated as
  ekonomi Tiongkok melambat seiring dengan tetap lemahnya           household consumption and investment remained weak due
  konsumsi rumah tangga dan investasi sebagai dampak                to the continued weak performance of the property sector, as
  lanjutan dari pelemahan kinerja sektor properti, serta            well as limited fiscal stimulus.
  terbatasnya stimulus fiskal.

  Penurunan inflasi di negara maju, termasuk AS, berlanjut,         The decline in inflation in advanced economies, including
  meski masih berada di atas sasaran, sementara inflasi             the US, continued, although still above target, while China's
  Tiongkok menurun dipengaruhi oleh pertumbuhan ekonomi             inflation declined due to slowing economic growth. The cycle
  yang melambat. Siklus kenaikan suku bunga kebijakan               of rising monetary policy rates in advanced economies,
  moneter negara maju, termasuk Fed Funds Rate (FFR),               including the Fed Funds Rate (FFR), is predicted to have
  diprakirakan telah berakhir meskipun masih bertahan tinggi        ended despite remaining high in the first half of 2024, with
  pada semester I 2024, dengan kemungkinan akan mulai               the possibility of starting to decline in the second half of
  menurun pada semester II 2024.                                    2024.

  Yield obligasi Pemerintah negara maju, termasuk US                Government bond yields of developed countries, including US
  Treasury, menurun secara gradual tapi masih berada di             Treasury, are gradually declining but still at high levels which
  level tinggi sejalan dengan premi risiko jangka panjang           is in line with the term-premia associated with the large
  (term-premia) terkait besarnya pembiayaan fiskal dan              US fiscal and government debt financing. Additionally, the
  utang pemerintah AS. Tekanan penguatan nilai tukar dolar          US dollar's increasing strength against other international
  AS terhadap berbagai mata uang dunia juga berkurang.              currencies weakened. These developments encouraged
  Perkembangan tersebut mendorong berlanjutnya aliran               the continuation of foreign capital inflows and reduced the
  masuk modal asing dan mengurangi tekanan pelemahan                pressure of weakening exchange rates in emerging markets,
  nilai tukar di emerging market, termasuk Indonesia.               including Indonesia.

  Ke depan, beberapa risiko global tetap perlu dicermati            Going forward, there are several global risks that should be
  karena dapat memengaruhi ketidakpastian perekonomian              carefully anticipated as they could affect the uncertainty of
  dunia, seperti berlanjutnya ketegangan geopolitik, pelemahan      the world economy, such as the continuation of geopolitical
  ekonomi di sejumlah negara utama, termasuk Tiongkok,              tensions, economic slowdown in several major countries,
  serta kepastian waktu dan besarnya penurunan suku bunga           including China, as well as the time and magnitude of the
  moneter negara maju, khususnya FFR.                               decline in developed countries' monetary interest rates,
                                                                    particularly the FFR.

  Di sisi lain, pemulihan ekonomi Indonesia terus berlanjut         On the other hand, Indonesia's economic recovery is steadily
  ditopang oleh permintaan domestik. Pertumbuhan ekonomi            supported by domestic demand. The 2023 economic growth
  2023 diprakirakan dalam kisaran 4,5-5,3%, didorong oleh           is forecast in the range of 4.5-5.3%, fueled by consumption
  konsumsi dan investasi sejalan dengan akselerasi belanja          and investment in line with the acceleration of Government
  Pemerintah pada akhir tahun dan percepatan penyelesaian           spending at the end of the year and the accelerated
  beberapa Proyek Strategis Nasional (PSN). Pada 2024,              completion of several National Strategic Projects (PSN). In
  pertumbuhan ekonomi diprakirakan meningkat dalam                  2024, economic growth is predicted to improve in the range



182       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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kisaran 4,7-5,5% didukung oleh permintaan domestik                              of 4.7-5.5%, supported by domestic demand, particularly
utamanya berlanjutnya pertumbuhan konsumsi, termasuk                            continued consumption growth, including the positive impact
dampak positif penyelenggaraan pemilu, serta peningkatan                        of the election, as well as increased investment, especially
investasi khususnya bangunan sejalan dengan berlanjutnya                        in buildings in line with the continued development of PSN
pembangunan PSN termasuk Ibu Kota Nusantara (IKN).                              including Nusantara Capital City (IKN).

Sementara itu, kinerja ekspor diprakirakan belum kuat                           Meanwhile, export performance is expected to remained
sebagai dampak perlambatan ekonomi global dan                                   weak due to the global economic recession and the
penurunan harga komoditas. Berdasarkan Lapangan                                 decline in commodity prices. By Business Field (LU), the
Usaha (LU), prospek LU Industri Pengolahan, Perdagangan                         prospects for LU Manufacturing Industry, Wholesale and
Besar dan Eceran, Informasi dan Komunikasi, Konstruksi,                         Retail Trade, Information and Communication, Construction,
serta Transportasi dan Pergudangan diprakirakan tetap                           and Transportation and Warehousing are predicted to
tumbuh baik. Sementara secara spasial, pertumbuhan                              continuously grow steadily. While all regions are expected
yang baik diprakirakan terjadi di seluruh wilayah, terutama                     to see strong spatial growth, especially in Sulawesi-Maluku-
Sulawesi-Maluku-Papua (Sulampua) sejalan dengan dampak                          Papua (Sulampua) in line with the positive impact of mineral
positif hilirisasi mineral, serta Jawa akibat permintaan                        downstreaming, as well as Java due to strong domestic
domestik yang masih kuat. Ke depan, Bank Indonesia                              demand. Going forward, Bank Indonesia will continue to
akan terus memperkuat sinergi stimulus fiskal Pemerintah                        improve the synergy between the fiscal stimulus of the
dengan stimulus makroprudensial Bank Indonesia untuk                            government and the macroprudential stimulus of the bank to
mendorong pertumbuhan ekonomi, khususnya dari sisi                              support economic growth, particularly from the perspective
permintaan domestik.                                                            of domestic demand.

Mengamati perkembangan tersebut di atas, Perseroan telah                        By observing the developments, the Company has designed
merancang rencana dan langkah-langkah strategis di tahun                        strategic plans and strategic measures in 2024 including:
2024 di antaranya:
1. Melakukan inovasi produk dan channel distribution untuk                      1. Product innovation and channel distribution to increase
   peningkatan pasar BUMN dan Broker (semua class                                  the SOE and Broker market (all classes of business,
   of business, terutama asuransi kebakaran & property,                            especially fire insurance & property insurance,
   engineering);                                                                   engineering insurance);
2. Optimalisasi aset (pelepasan aset yang kurang produktif);                    2. Asset optimization (disposal of less productive assets);
3. Peningkatan bisnis retail and branches melalui                               3. Improvement of retail and branches business through
   optimalisasi fungsi Point of Sales & Services (PoSS) dan                        optimization of Point of Sales & Services (PoSS) function
   melakukan pengembangan produk mikro;                                            and micro product development;
4. Melanjutkan program digital transformation dalam                             4. Continuing the digital transformation program to
   upaya simplifikasi dan digitalisasi proses bisnis, serta                        streamline and digitize business operations; providing
   penyediaan front-end system dari aplikasi untuk customer                        a front-end system from applications for customers
   yang mengutamakan alur kenyamanan customer                                      that prioritize the flow of customer convenience in using
   dalam menggunakan produk digital sehingga dapat                                 digital products to increase the credibility of the Tugu
   meningkatkan kredibilitas bisnis Tugu Insurance;                                Insurance business;
5. Melanjutkan program implementasi sistem ERP Finance                          5. Continuing the ERP Finance & Actuarial Engine system
   & Actuarial Engine, serta persiapan implementasi                                implementation program, as well as preparation for PSAK
   PSAK 117;                                                                       117 implementation;
6. Meningkatkan corporate image Tugu dengan                                     6. Improving Tugu's corporate image by increasing
   meningkatkan kegiatan promosi untuk mendukung                                   promotional activities to support business development
   pengembangan bisnis (meningkatkan tingkat brand                                 (raising brand awareness);
   awareness);                                                                  7. Strengthening human capital by improving the recruitment
7. Penguatan human capital melalui perbaikan sistem                                system, implementing Management Trainees and tiered
   rekrutmen, pelaksanaan Management Trainee dan                                   competency development;
   peningkatan kompetensi berjenjang;                                           8. Continuing the cost optimization program and new ways
8. Melanjutkan program cost optimization dan new ways                              of working.
   of working.




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          Performance Review         Management Report             Company Profile           Management Discussion and Analysis




  Perbandingan Antara Target dan
  Realisasi 2023 serta Proyeksi Tahun 2024
  Comparison of 2023 Target vs. Realization and 2024 Projections



  Target perolehan premi bruto pada tahun 2023 adalah                 The target for gross premiums in 2023 is IDR6.64 trillion
  sebesar Rp6,64 triliun dengan target laba tahun berjalan            with the target of income for the year of IDR318 billion.
  sebesar Rp318 miliar. Realisasi perolehan premi bruto di            Realization of gross premiums in 2023 amounted to IDR7.71
  tahun 2023 adalah sebesar Rp7,71 triliun dan realisasi              trillion and income for the year amounted to IDR1.302
  laba tahun berjalan adalah sebesar Rp1.302 miliar, atau             billion, or 329.56% surpassed the 2023 profit target, among
  329,56% di atas target laba 2023, di antaranya karena               others due to an increase in operating income (underwriting,
  adanya peningkatan pendapatan usaha (underwriting, hasil            investment yield and other operating income as well as other
  investasi dan hasil usaha lainnya serta hasil/beban) lainnya.       yields/expenses).

  Proyeksi atau target premi bruto Perseroan di tahun 2024            The Company's aim to achieve an increase of approximately
  naik sekitar 6% dari realisasi pencapaian tahun 2023.               6% on gross premium in 2024 from the actual achievement
  Sedangkan target perolehan laba tahun berjalan di tahun             in 2023. Meanwhile, income for the year in 2024 projected
  2024 mengalami penurunan sekitar 17%. Perlu dicatat                 to decreased by around 17%. For the record, in 2023 the
  bahwa di tahun 2023, Perseroan mencatatkan pendapatan               Company recorded other income from the litigation case
  lain-lain dari kasus litigasi antara Perseroan dengan Citibank      between the Company and Citibank N.A where the Company
  N.A dimana Perseroan memenangkan kasus hukum tersebut               won the legal the Hong Kong Court required Citibank N.A to
  dan keputusan dari Pengadilan Hong Kong mewajibkan                  make payments to the Company.
  Citibank N.A melakukan pembayaran kepada Perseroan.




184       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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Aspek Pemasaran
Marketing Aspect




Pangsa Pasar
Market Share

Mengacu kepada materi Kinerja Asuransi Umum dan                                 Referring to the materials on the Performance of General
Reasuransi 2023 (full year) yang diterbitkan oleh Asosiasi                      Insurance and Reinsurance in 2023 (full year) issued by
Asuransi Umum Indonesia (AAUI) tanggal 22 Februari 2024,                        Indonesian General Insurance Association (AAUI), on 22
total permi bruto industri asuransi umum untuk tahun 2023                       February 2024, the total gross premium of general insurance
tercatat sebesar Rp103,87 triliun. Dengan total premi bruto                     for 2023 was recorded at IDR103.87 trillion. With a total
Tugu Insurance (induk) untuk tahun 2023 yang tercatat                           gross premium of Tugu Insurance for 2023 was recorded at
sebesar Rp5,05 triliun, maka pangsa pasar yang dimiliki                         IDR5.05 trillion, then Tugu Insurance has a market share
Tugu Insurance adalah sebesar 4,9%.                                             of 4.9%.

Strategi Pemasaran
Marketing Strategy

Tugu Insurance telah menyusun strategi pemasaran yang                           Tugu Insurance has established a marketing strategy that
diharapkan dapat mengoptimalkan kinerja bisnis yang                             is expected to optimize the performance of its business
dijalankan. Di tahun 2023, Tugu Insurance menjalankan                           operations. In 2023, Tugu Insurance has carried out the
strategi pemasaran sebagai berikut:                                             following marketing strategies:
1. Melakukan optimalisasi bisnis captive yang meliputi                          1. Optimize captive business that covers all business lines
    semua lini bisnis dalam ekosistem Pertamina Group.                              in Pertamina Group ecosystem.
2. Pengembangan dan pertumbuhan pada bisnis non-                                2. Development and growth of non-captive business.
    captive.                                                                        a. Corporate business
    a. Bisnis korporasi                                                                 - Conduct penetration to SOEs and private sectors
        - Melakukan penetrasi ke sektor BUMN dan swasta                                     through direct channel and top broker.
           melalui direct channel dan top broker.                                       - Optimize participation in Cost Recovery for Special
        - Optimalisasi keikutsertaan dalam Konsorsium                                       Task Force for Upstream Oil and Gas Business
           Cost Recovery SKK Migas.                                                         Activities (SKK Migas) Consortium.
    b. Bisnis retail                                                                b. Retail business
        - Meningkatkan penjualan produk melalui layanan                                 - Increase sales of product through digital service
           digital (baik melalui penjualan langsung atau                                    (through direct sales or digital partner).
           dengan digital partner).                                                     - Increase sales of products through addition of
        - Meningkatkan penjualan produk melalui                                             agents, leasing, dealer, and bank partners.
           penambahan agen, leasing, dealer, mitra bank.                        3. Maintain good relationship with customers, provide best
3. Menjaga hubungan baik dengan pelanggan, memberikan                               service and adapt to technology that is appropriate in the
    pelayanan terbaik dan mengadaptasi teknologi                                    effort to increase customer satisfaction.
    yang tepat guna dalam upaya untuk meningkatkan
    kepuasan pelanggan.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023        185
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          Performance Review           Management Report           Company Profile                 Management Discussion and Analysis




  Kebijakan Dividen dan Pembagian Dividen
  Dividend Policy and Dividend Distribution




  Kebijakan Dividen
  Dividend Policy

  Dalam menyusun anggaran dan proyeksi 1 (satu) tahun                 In preparing the budget and projections for the next 1 (one)
  ke depan terkait dividen, Perseroan menggunakan asumsi              year regarding dividends, the Company uses assumptions
  melalui pembayaran dividen pada tahun-tahun sebelumnya.             through dividend payments in previous years.

  Mengacu kepada prospektus yang diterbitkan Perseroan                In reference to the prospectus issued by the Company at
  pada saat Penawaran Umum Perdana Saham, manajemen                   the Initial Public Offering, the Company’s management has a
  Perseroan memiliki kebijakan untuk membayarkan dividen              policy to pay dividends with a maximum ratio of 30% (thirty
  dengan rasio sebanyak-banyaknya 30% (tiga puluh persen)             percent) of the Company’s consolidated income for the
  dari laba tahun berjalan konsolidasi Perseroan, yang                year, which has started since 2017 with the amount linked
  dimulai sejak tahun 2017 dan besarnya dikaitkan dengan              to the Company’s profit for the relevant fiscal year, without
  keuntungan Perseroan pada tahun buku yang bersangkutan,             ignoring the Company’s soundness and without prejudice to
  dengan tidak mengabaikan tingkat kesehatan Perusahaan               the right of the Company’s General Meeting of Shareholders
  dan tanpa mengurangi hak dari Rapat Umum Pemegang                   to determine otherwise in accordance with the Company’s
  Saham Perusahaan untuk menentukan lain sesuai Anggaran              Articles of Association.
  Dasar Perusahaan.

  Pembagian Dividen
  Dividend Distribution

  Uraian pembagian dividen yang telah dilakukan Perseroan             The description of dividend distributions made by the
  dalam 2 (dua) tahun buku terakhir dapat dilihat                     Company in the last 2 (two) fiscal years are as follows:
  sebagai berikut:

                                      Persentase
                                  Pembayaran Dividen                                     Dividen Tunai yang
             Tahun Buku                                    Tanggal Pembayaran                                        Dividen Per Saham
                                 terhadap Laba Bersih                                         Dibagikan
             Financial Year                                   Payment Date                                            Dividend per Share
                                 Percentage of Dividend                                Cash Dividend Distributed
                                 Payment to Net Income
      Dividen Interim                      -                20 Desember 2023              Rp90.710.513.155               Rp25,512188
      Interim Dividend                                      20 December 2023
      2022                                40%                 26 Mei 2023                Rp138.860.307.200             Rp78,10848246
                                                              26 May 2023
      2021                                40%                 16 Juni 2022               Rp126.592.140.666             Rp71,20807823
                                                              16 June 2022




186       LAPORAN TAHUNAN 2023                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
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Realisasi Penggunaan Dana
Hasil Penawaran Umum
Realization of Use of Proceeds from Public Offering



Pada tanggal 17 Mei 2018, Tugu Insurance memperoleh                             On 17 May 2018, Tugu Insurance obtained an effective
pernyataan efektif dari Otoritas Jasa Keuangan (OJK) untuk                      statement from the Financial Services Authority (OJK) to
melakukan Penawaran Umum Perdana (Initial Public Offering                       conduct an Initial Public Offering (IPO) of TUGU to the public
atau IPO) Saham TUGU kepada masyarakat sebanyak                                 in the amount of 177,777,800 shares with a nominal
177.777.800 saham dengan nilai nominal Rp100,- per                              value of IDR100 per share at an offering price of IDR3,850
saham dengan harga penawaran Rp3.850,- per saham.                               per share. The shares were listed on the Indonesia Stock
Saham-saham tersebut dicatatkan pada Bursa Efek                                 Exchange (IDX) on 28 May 2018.
Indonesia (BEI) pada tanggal 28 Mei 2018.

Sebagaimana tercantum dalam Prospektus Perseroan,                               As stated in the Company’s Prospectus, all proceeds from
seluruh dana yang diperoleh dari hasil IPO, setelah dikurangi                   the IPO, after deducting the issuance costs, will be used by
dengan biaya-biaya emisi akan digunakan oleh Perseroan                          the Company with the following details:
dengan rincian sebagai berikut:
1. Sekitar 70% (tujuh puluh persen) akan digunakan                              1. Approximately 70% (seventy percent) will be used to
   untuk memperkuat modal Perseroan dalam rangka                                   strengthen the Company’s capital in the context of
   pengembangan bisnis Perseroan sebagai berikut:                                  developing the Company’s business as follows:
   a. Sekitar 40% (empat puluh persen) untuk                                       a. Approximately 40% (forty percent) for the development
       pengembangan infrastruktur pemasaran Perseroan;                                 of the Company’s marketing infrastructure;
   b. Sekitar 40% (empat puluh persen) untuk                                       b. Approximately 40% (forty percent) for the
       pengembangan infrastruktur teknologi dan                                        development of technology infrastructure and other
       operasional lainnya; dan                                                        operations; and
   c. Sekitar 20% (dua puluh persen) untuk rebranding dan                          c. Approximately 20% (twenty percent) for the rebranding
       promosi produk Perseroan.                                                       and promotion of the Company’s products.
2. Sekitar 30% (tiga puluh persen) digunakan untuk                              2. Approximately 30% (thirty percent) is used for business
   pengembangan usaha dalam bentuk peningkatan                                     development in the form of increasing equity participation
   penyertaan modal pada Entitas Anak yaitu PT Tugu                                in the Subsidiary, namely PT Tugu Reasuransi Indonesia
   Reasuransi Indonesia melalui PT Tugu Pratama lnterindo                          through PT Tugu Pratama Interindo to strengthen capital
   untuk memperkuat modal di bidang reasuransi.                                    in reinsurance.

Di tahun 2023, Perseroan telah merealisasikan penggunaan                        In 2023, the Company has realized the use of proceeds from
dana hasil penawaran umum dengan rincian sebagai berikut:                       the public offering with the following details:

                                    Keterangan                                                       Jumlah (Rp penuh)
    No.
                                     Description                                                      Amount (Full IDR)
 A        Jumlah Perolehan Dana                                                                                            684.444.530.000,00
          Total Acquired Proceeds
 B        Biaya Penawaran                                                                                                   25.742.358.837,00
          Bidding Fee
 C        Hasil Bersih                                                                                                     658.702.171.163,00
          Net Proceeds




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023       187
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           Performance Review                    Management Report       Company Profile                 Management Discussion and Analysis




                                           Keterangan                                                 Jumlah (Rp penuh)
          No.
                                            Description                                                Amount (Full IDR)
      D         Rincian Penggunaan Dana Hingga 31 Desember 2023
                Details of Use of Proceeds until 31 December 2023
                Penggunaan                                                 Rencana Penggunaan Dana               Realisasi Penggunaan Dana
                Usage                                                      Plan of the Use of Proceeds           Realization of the Use of Proceeds
                Infrastruktur Pemasaran                                                  184.436.607.925,64                   184.436.607.925,64
                Marketing Infrastructure
                IT dan Operasional Lainnya                                               184.436.607.925,64                   184.436.607.925,64
                IT and Other Operations
                Rebranding dan Promosi Produk                                                92.218.303.962,82                 92.218.303.962,82
                Product Rebranding and Promotion
                Penyertaan Modal Tugure                                                  197.610.651.348,90                   125.000.000.000,00
                Equity Participation in Tugure
                Total                                                                    658.702.171.163,00                   586.091.519.814,10
      E         Sisa Dana Hasil Penawaran Umum                                                                                 72.610.651.348,90
                Remaining Proceeds from Public Offering




  Informasi Keuangan yang Telah Dilaporkan
  yang Mengandung Kejadian yang Sifatnya Luar Biasa
  dan Jarang Terjadi
  Reported Financial Information Containing Infrequent and Rare Events



  Per 31 Desember 2023, tidak terdapat informasi keuangan                   As of 31 December 2023, there were no financial
  yang telah dilaporkan yang mengandung kejadian bersifat                   information reported that contains extraordinary or rare
  luar biasa dan jarang terjadi. Dengan demikian, tidak                     events. Therefore, no information regarding this matter can
  terdapat informasi mengenai hal tersebut yang dapat                       be presented in this Annual Report.
  disajikan dalam Laporan Tahunan ini.




188       LAPORAN TAHUNAN 2023                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Dampak Perubahan Harga Terhadap Penjualan/
Pendapatan Perusahaan
Impact of Price Changes on the Company’s Sales/Revenue




Sepanjang tahun 2023, tidak terdapat dampak yang                                Throughout 2023, there is no significant impact of price
signifikan atas perubahan harga terhadap penjualan maupun                       changes on the Company's sales or revenue.
pendapatan Perseroan.




Informasi Material Mengenai Investasi, Ekspansi,
Divestasi, Penggabungan/Peleburan Usaha, Akuisisi,
dan Restrukturisasi Utang/Modal pada Tahun Buku
Material Information Regarding Investment, Expansion, Divestment, Business Merger/
Consolidation, Acquisition, and Debt/Capital Restructuring in the Fiscal Year



Sepanjang tahun 2023 tidak terdapat informasi                                   Throughout 2023, Tugu Insurance did not make investments,
material mengenai aksi korporasi investasi, ekspansi,                           expansions, divestments, business mergers/consolidations,
divestasi, penggabungan/peleburan usaha, akuisisi, dan                          acquisitions, and debt/capital restructuring. Therefore, no
restrukturisasi utang/modal. Dengan demikian, tidak                             information regarding this matter can be presented in this
terdapat informasi mengenai hal tersebut yang dapat                             Annual Report.
disajikan dalam Laporan Tahunan ini.




Informasi Material Mengenai Transaksi Material yang
Mengandung Benturan Kepentingan
Material Information on Material Transactions Containing Conflict of Interest




Hingga akhir tahun 2023, Perseroan tidak melakukan                              Until the end of 2023, the Company did not carry out
transaksi material yang mengandung benturan kepentingan.                        material transactions containing conflict of interest.
Dengan demikian, tidak terdapat informasi mengenai hal                          Therefore, no information regarding this matter can be
tersebut yang dapat disajikan dalam Laporan Tahunan ini.                        presented in this Annual Report.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023      189
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          Performance Review         Management Report           Company Profile             Management Discussion and Analysis




  Informasi Material Mengenai Transaksi
  dengan Pihak Afiliasi/Pihak Berelasi
  Material Information on Transactions with Affiliates/Related Parties




  Pengungkapan Pihak Berelasi
  Related Party Disclosure

  Seluruh sifat dan transaksi dengan Pihak-pihak Berelasi           The entire nature and transactions with Related Parties
  sebagai bagian dari Kebijakan Akuntansi Penting terkait           as part of Tugu Insurance’s Important Accounting Policies
  Hubungan Afiliasi (Pihak Berelasi) Tugu Insurance pada            related to Affiliates (Related Parties) for the 2023 fiscal
  tahun buku 2023 telah diungkapkan dalam Laporan                   year have been disclosed in the Company’s Consolidated
  Keuangan Konsolidasian Perseroan yang berakhir pada 31            Financial Statements ending on 31 December 2023.
  Desember 2023.

  Definisi Pihak Berelasi
  Definition of Related Party

  Dalam kegiatan usahanya, Perusahaan melakukan transaksi           In running its business activities, the Company conducts
  dengan pihak-pihak yang berelasi sesuai dengan Pernyataan         transactions with related parties in accordance with the
  Standar Akuntansi Keuangan (PSAK) No. 7 tentang                   Statement of Financial Accounting Standards (PSAK) No. 7
  “Pengungkapan Pihak-Pihak yang Berelasi”.                         concerning “Disclosure of Related Parties”.

  Suatu pihak dianggap berelasi dengan Perseroan dan Entitas        A party is considered related to the Company and its
  Anak jika:                                                        Subsidiaries if:
  1. langsung, atau tidak langsung yang melalui satu atau           1. directly, or indirectly through one or more intermediaries,
     lebih perantara, suatu pihak (i) mengendalikan, atau              the party (i) controls, or is controlled by, or is under
     dikendalikan oleh, atau berada di bawah pengendalian              common control, with the Company and Subsidiaries;
     bersama, dengan Perseroan dan Entitas Anak; (ii)                  (ii) has an interest in the Company and Subsidiaries
     memiliki kepentingan dalam Perseroan dan Entitas Anak             that gives it significant influence over the Company and
     yang memberikan pengaruh signifikan atas Perseroan                Subsidiaries; or, (iii) has joint control over the Company
     dan Entitas Anak; atau (iii) memiliki pengendalian                and Subsidiaries;
     bersama atas Perseroan dan Entitas Anak;                       2. party related to the Company and its Subsidiaries;
  2. suatu pihak yang berelasi dengan Perseroan dan                 3. a party is a joint venture in which the Company and its
     Entitas Anak;                                                     Subsidiaries are venturers;
  3. suatu pihak adalah ventura bersama di mana Perseroan           4. a party is a member of the key management personnel of
     dan Entitas Anak sebagai venturer;                                the Company and Subsidiaries or the parent entity;
  4. suatu pihak adalah anggota dari personil manajemen             5. a party is a close family member of the individual
     kunci Perseroan dan Entitas Anak atau induk;                      described in (a) or (d);
  5. suatu pihak adalah anggota keluarga dekat dari individu        6. a party is an entity that is controlled, jointly controlled or
     yang diuraikan dalam butir (a) atau (d);                          significantly influenced by or for which significant voting
  6. suatu pihak adalah entitas yang dikendalikan,                     rights in multiple entities, directly or indirectly, individuals
     dikendalikan bersama atau dipengaruhi signifikan oleh             as described in (d) or (e); or
     atau untuk di mana hak suara signifikan pada beberapa          7. a party is a post-employment benefit plan for employee
     entitas, langsung maupun tidak langsung, individu seperti         benefits from the Company and its Subsidiaries or
     diuraikan dalam butir (d) atau (e); atau                          entities related to the Company and Subsidiaries.
  7. suatu pihak adalah suatu program imbalan pasca kerja
     untuk imbalan kerja dari Perseroan dan Entitas Anak atau
     entitas yang terkait dengan Perseroan dan Entitas Anak.




190       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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Berdasarkan definisi tersebut, pihak berelasi Tugu Insurance                    Based on this definition, related parties of Tugu Insurance
adalah pemegang saham utama Tugu Insurance dan                                  include the main shareholders of Tugu Insurance and the
Grup, yakni PT Pertamina (Persero) yang berada di bawah                         Group, namely PT Pertamina (Persero) which is under the
pengendalian Pemerintah Republik Indonesia. Dengan                              control of the Government of the Republic of Indonesia.
demikian, semua instansi Pemerintah, BUMN, BUMD, dan                            Thus, all Government agencies, SOEs, ROEs, and other
entitas lain di mana Pemerintah memiliki pengendalian atau                      entities, which the Government has significant control or
pengaruh signifikan, baik secara langsung maupun tidak                          influence, either directly or indirectly, are related parties to
langsung, merupakan pihak berelasi dengan Tugu Insurance                        Tugu Insurance and the Group.
dan Grup.

Seluruh transaksi yang dilakukan oleh Tugu Insurance                            All these transactions are carried out based on terms agreed
dengan berelasi dilakukan berdasarkan persyaratan yang                          by both parties, where these terms may not be the same as
disetujui oleh kedua belah pihak, di mana persyaratan                           other transactions made with unrelated parties.
tersebut mungkin tidak sama dengan transaksi lain yang
dilakukan dengan pihak-pihak tidak berelasi.

Nama Pihak Berelasi dan Sifat Hubungan Afiliasi
Name of Related Party and Nature of Affiliated Relationship

             Pihak-pihak Berelasi                                Sifat Hubungan                                    Sifat dari Transaksi
                Related Parties                                Nature of Relationship                              Nature of Transaction
 Pemerintah RI                                     Entitas induk terakhir                             Obligasi
 Government of Republic of Indonesia               Ultimate parent entity                             Bonds
 Komisaris dan direksi                             Personil manajemen kunci                           Beban gaji dan kesejahteraan karyawan
 Commissioners and directors                       Key management personnel                           Employees’ salaries and benefits
 PT Pertamina (Persero) Tbk                        Entitas induk                                      Obligasi, penutupan asuransi, piutang premi
                                                   Parent entity                                      dan sesi, utang klaim
                                                                                                      Bonds, insurance premium, premium and
                                                                                                      cession receivable, claim payable
 PT Pertamina Patra Niaga                          Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium
 PT Pelita Air Service (Persero) Tbk               Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium
 PT Pertamina Hulu Energi                          Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium
 PT Pertamina Drilling Services Indonesia          Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, utang klaim
                                                   Entity controlled by parent entity                 Premium and cession receivable, claim payable
 PT Pertamina Lubricants                           Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium
 PT Elnusa Tbk                                     Entitas yang dikendalikan oleh entitas induk       Obligasi
                                                   Entity controlled by parent entity                 Bonds
 PT Perusahaan Gas Negara (Persero)                Entitas yang dikendalikan oleh entitas induk       Saham, piutang premi dan sesi, penutupan
                                                   Entity controlled by parent entity                 asuransi
                                                                                                      Shares, premium & cession receivable,
                                                                                                      insurance premium
 Pertamina International Shipping Pte Ltd          Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium
 PT Pertamina International Shipping               Entitas yang dikendalikan oleh entitas induk       Piutang premi dan sesi, penutupan asuransi
                                                   Entity controlled by parent entity                 Premium & cession receivable, insurance
                                                                                                      premium




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          Performance Review                  Management Report               Company Profile              Management Discussion and Analysis




                  Pihak-pihak Berelasi                                Sifat Hubungan                               Sifat dari Transaksi
                     Related Parties                                Nature of Relationship                         Nature of Transaction
      PT Asuransi Staco Mandiri                         Entitas asosiasi melalui entitas anak          Piutang premi dan sesi, penutupan asuransi
                                                        Associate entity through subsidiaries          Premium & cession receivable, insurance
                                                                                                       premium
      PT Patra Trading                                  Entitas yang dikendalikan oleh entitas induk   Piutang premi dan sesi, penutupan asuransi
                                                        Entity controlled by parent entity             Premium & cession receivable, insurance
                                                                                                       premium
      PT Pertamina Training & Consulting                Entitas yang dikendalikan oleh entitas induk   Utang klaim, penutupan asuransi
                                                        Entity controlled by parent entity             Claim payable, insurance premium
      PT Pertamina Drilling Contractor                  Entitas yang dikendalikan oleh entitas induk   Piutang premi dan sesi, penutupan asuransi
                                                        Entity controlled by parent entity             Premium & cession receivable, insurance
                                                                                                       premium
      PT Kilang Pertamina Internasional                 Entitas yang dikendalikan oleh entitas induk   Piutang premi dan sesi, utang klaim, penutupan
                                                        Entity controlled by parent entity             asuransi
                                                                                                       Premium and cession receivable, claim payable,
                                                                                                       insurance premium
      PT Kilang Pertamina Balikpapan                    Entitas yang dikendalikan oleh entitas induk   Piutang premi dan sesi, penutupan asuransi
                                                        Entity controlled by parent entity             Premium & cession receivable, insurance
                                                                                                       premium
      PT Geo Dipa Energi (Persero)                      Entitas yang dikendalikan oleh entitas induk   Piutang premi dan sesi, penutupan asuransi
                                                        Entity controlled by parent entity             Premium & cession receivable, insurance
                                                                                                       premium
      PT Garuda Indonesia (Persero) Tbk                 Entitas berelasi dengan Pemerintah             Piutang premi dan sesi, utang koasuransi,
                                                        Government - related entities                  penutupan asuransi
                                                                                                       Premium and cession receivable, coinsurance
                                                                                                       payable, insurance premium
      PT Freeport Indonesia Company                     Entitas berelasi dengan Pemerintah             Piutang premi dan sesi, penutupan asuransi
                                                        Government - related entities                  Premium & cession receivable, insurance
                                                                                                       premium
      PT Prima Armada Raya                              Entitas yang dikendalikan oleh entitas induk   Penutupan asuransi
                                                        Entity controlled by parent entity             Insurance premium
      PT Elnusa Petrofin Indonesia                      Entitas yang dikendalikan oleh entitas induk   Piutang koasuransi, piutang reasuransi dan
                                                        Entity controlled by parent entity             retrosesi, utang koasuransi, dan penutupan
                                                                                                       asuransi
                                                                                                       Coinsurance receivable, reinsurance and
                                                                                                       retrocession receivable, coinsurance payable,
                                                                                                       and insurance premium
      PT Asuransi Jasa Indonesia                        Entitas berelasi dengan Pemerintah             Piutang premi dan sesi, penutupan asuransi
                                                        Government - related entities                  Premium & cession receivable, insurance
                                                                                                       premium
      PT Rekayasa Industri                              Entitas berelasi dengan Pemerintah             Piutang premi dan sesi, penutupan asuransi
                                                        Government - related entities                  Premium & cession receivable, insurance
                                                                                                       premium
      PT Asuransi Ekspor Indonesia (Asei)               Entitas berelasi dengan Pemerintah             Utang koasuransi, penutupan asuransi
                                                        Government - related entities                  Coinsurance payable, insurance premium
      PT Asuransi Dharma Bangsa                         Entitas berelasi dengan Pemerintah             Utang koasuransi, utang reasuransi, penutupan
                                                        Government - related entities                  asuransi
                                                                                                       Coinsurance payable, reinsurance payable,
                                                                                                       insurance premium
      PT Asuransi Jasa Raharja Putra                    Entitas berelasi dengan Pemerintah             Utang koasuransi, penutupan asuransi
                                                        Government - related entities                  Coinsurance payable, insurance premium
      PT Reasuransi Indonesia Utama (Persero)           Entitas berelasi dengan Pemerintah             Piutang koasuransi, utang reasuransi, piutang
                                                        Government - related entities                  reasuransi dan retrosesi, penutupan asuransi
                                                                                                       Coinsurance receivable, reinsurance payable,
                                                                                                       reinsurance & retrocession receivable,
                                                                                                       insurance premium
      PT Asuransi Bringin Sejahtera Artamakmur          Entitas berelasi dengan Pemerintah             Utang koasuransi, penutupan asuransi
      (BSAM)                                            Government - related entities                  Coinsurance payable, insurance premium




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            Pihak-pihak Berelasi                                 Sifat Hubungan                                Sifat dari Transaksi
               Related Parties                                 Nature of Relationship                          Nature of Transaction
 PT Asuransi Kredit Indonesia (Askrindo)           Entitas berelasi dengan Pemerintah             Utang koasuransi, penutupan asuransi
                                                   Government - related entities                  Coinsurance payable, insurance premium
 PT Reasuransi Nasional Indonesia (Nasre)          Entitas berelasi dengan Pemerintah             Piutang reasuransi dan retrosesi, utang
                                                   Government - related entities                  reasuransi, penutupan asuransi
                                                                                                  Reinsurance and retrocession receivable,
                                                                                                  reinsurance payable, insurance premium
 PT BRI Asuransi Indonesia                         Entitas berelasi dengan Pemerintah             Utang klaim, piutang koasuransi, utang
                                                   Government - related entities                  koasuransi, penutupan asuransi
                                                                                                  Claim payable, coinsurance receivable,
                                                                                                  coinsurance payable, insurance premium
 PT BRI Multifinance Indonesia                     Entitas berelasi dengan Pemerintah             Obligasi, piutang premi dan sesi, utang
                                                   Government - related entities                  reasuransi, penutupan asuransi
                                                                                                  Bonds, premium and cession receivable,
                                                                                                  reinsurance payable, insurance premium
 PT BNI Life Insurance                             Entitas berelasi dengan Pemerintah             Utang klaim, penutupan asuransi
                                                   Government - related entities                  Claim payable, insurance premium
 PT Taspen (Persero)                               Entitas berelasi dengan Pemerintah             Utang klaim, penutupan asuransi
                                                   Government - related entities                  Claim payable, insurance premium
 PT Asuransi Jiwa Inhealth Indonesia               Entitas berelasi dengan Pemerintah             Utang klaim, penutupan asuransi
                                                   Government - related entities                  Claim payable, insurance premium
 PT Asuransi Jiwasraya (Persero)                   Entitas berelasi dengan Pemerintah             Utang klaim, penutupan asuransi
                                                   Government - related entities                  Claim payable, insurance premium
 PT Mandiri Utama Finance                          Entitas berelasi dengan Pemerintah             Utang reasuransi, penutupan asuransi
                                                   Government - related entities                  Reinsurance payable, insurance premium
 PT Bank Pembangunan Daerah Jawa Tengah            Entitas berelasi dengan Pemerintah             Kas dan setara kas, obligasi
                                                   Government - related entities                  Cash and cash equivalent, bonds
 PT Bank Rakyat Indonesia (Persero) Tbk            Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
                                                   Government - related entities                  saham, obligasi, pinjaman diterima
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  shares, bonds, borrowings
 PT Bank Tabungan Negara (Persero) Tbk             Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
                                                   Government - related entities                  saham, obligasi
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  shares, bonds
 PT Bank Pembangunan Daerah Jawa Barat dan         Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
 Banten Tbk                                        Government - related entities                  obligasi, pinjaman diterima
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  bonds, borrowings
 PT Bank Syariah Indonesia Tbk                     Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
                                                   Government - related entities                  obligasi
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  bonds
 PT Bank Negara Indonesia (Persero) Tbk            Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
                                                   Government - related entities                  saham, obligasi, reksa dana
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  shares, bonds, mutual fund
 PT Bank Mandiri (Persero) Tbk                     Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka,
                                                   Government - related entities                  saham, obligasi, reksa dana, pinjaman diterima
                                                                                                  Cash and cash equivalent, time deposits,
                                                                                                  shares, bonds, mutual fund, borrowings
 PT Bank DKI                                       Entitas berelasi dengan Pemerintah             Kas dan setara kas, deposito berjangka
                                                   Government - related entities                  Cash and cash equivalent, time deposits
 PT Bank Raya Indonesia Tbk                        Entitas berelasi dengan Pemerintah             Deposito berjangka
                                                   Government - related entities                  Time deposits
 PT Bank Pembangunan Daerah Jawa Timur Tbk         Entitas berelasi dengan Pemerintah             Deposito berjangka
                                                   Government - related entities                  Time deposits




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          Performance Review                  Management Report              Company Profile         Management Discussion and Analysis




                  Pihak-pihak Berelasi                               Sifat Hubungan                            Sifat dari Transaksi
                     Related Parties                               Nature of Relationship                      Nature of Transaction
      PT Telkom Indonesia (Persero) Tbk                 Entitas berelasi dengan Pemerintah       Saham, obligasi
                                                        Government - related entities            Shares, bonds
      PT Aneka Tambang (Persero) Tbk                    Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Wijaya Karya (Persero) Tbk                     Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Semen Gresik (Persero) Tbk                     Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Indocement Tunggal Prakarsa Tbk                Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Waskita Karya (Persero) Tbk                    Entitas berelasi dengan Pemerintah       Saham, obligasi
                                                        Government - related entities            Shares, bonds
      PT Bukit Asam Tbk                                 Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Jasa Marga (Persero) Tbk                       Entitas berelasi dengan Pemerintah       Saham, obligasi
                                                        Government - related entities            Shares, bonds
      PT Adhi Karya (Persero) Tbk                       Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Wijaya Karya Beton Tbk                         Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Timah Tbk                                      Entitas berelasi dengan Pemerintah       Saham, obligasi
                                                        Government - related entities            Shares, bonds
      PT Pembangunan Perumahan (Persero) Tbk            Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Waskita Beton Precast Tbk                      Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Mayora Indah (Persero) Tbk                     Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Kereta Api Indonesia (Persero) Tbk             Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Perusahaan Listrik Negara (Persero)            Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Pupuk Indonesia (Persero)                      Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Sarana Multigriya Finansial (Persero)          Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Marga Lingkar Jakarta                          Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Angkasa Pura II (Persero)                      Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Jasa Marga (Persero) Tbk                       Entitas berelasi dengan Pemerintah       Saham
                                                        Government - related entities            Shares
      PT Bank Mandiri Taspen                            Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Bank Pembangunan Daerah Sumatera Utara         Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Sarana Multi Infrastruktur                     Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds
      PT Semen Indonesia (Persero) Tbk                  Entitas berelasi dengan Pemerintah       Saham, obligasi
                                                        Government - related entities            Shares, bonds
      Perusahaan Umum Pembangunan Perumahan             Entitas berelasi dengan Pemerintah       Obligasi
      Nasional                                          Government - related entities            Bonds
      PT Pelabuhan Indonesia (Persero)                  Entitas berelasi dengan Pemerintah       Obligasi
                                                        Government - related entities            Bonds




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            Pihak-pihak Berelasi                                 Sifat Hubungan                                    Sifat dari Transaksi
               Related Parties                                 Nature of Relationship                              Nature of Transaction
 PT Permodalan Nasional Madani                     Entitas berelasi dengan Pemerintah                Obligasi, reksa dana
                                                   Government - related entities                     Bonds, mutual fund
 PT Bank Ekspor Impor Indonesia (Persero)          Entitas berelasi dengan Pemerintah                Obligasi
                                                   Government - related entities                     Bonds
 PT Pegadaian (Persero)                            Entitas berelasi dengan Pemerintah                Obligasi
                                                   Government - related entities                     Bonds
 PT Bahana TCW Investment Management               Entitas berelasi dengan Pemerintah                Reksa dana
                                                   Government - related entities                     Mutual fund
 PT Danareksa Investment Management                Entitas berelasi dengan Pemerintah                Reksa dana
                                                   Government - related entities                     Mutual fund
 PT Pupuk Kalimantan Timur                         Entitas berelasi dengan Pemerintah                Piutang premi dan sesi
                                                   Government - related entities                     Premium and cession receivable
 PT Aneka Gas Industri Tbk                         Entitas berelasi dengan Pemerintah                Piutang premi dan sesi
                                                   Government - related entities                     Premium and cession receivable
 PT Petrokimia Gresik                              Entitas berelasi dengan Pemerintah                Piutang premi dan sesi
                                                   Government - related entities                     Premium and cession receivable



Realisasi Transaksi Pihak Berelasi Tahun 2023
Realization of Related Party Transactions in 2023

Informasi mengenai realisasi transaksi pihak berelasi yang                      Information regarding the fulfillment of related party
dilakukan oleh Perseroan sepanjang tahun 2023 dapat                             transactions carried out by Tugu Insurance throughout 2023
dilihat dalam Laporan Keuangan Konsolidasian terlampir                          can be seen in the Financial Statements attached to this
dalam Laporan Tahunan ini.                                                      Annual Report.


Pernyataan Direksi atas Kewajaran Transaksi dengan Pihak Berelasi
Board of Directors' Statement on the Fairness of Transactions with Related Parties


Tugu Insurance memastikan seluruh transaksi yang                                Tugu Insurance ensures that all transactions carried out with
dilakukan dengan pihak berelasi telah melalui prosedur                          related parties have gone through adequate procedures,
yang memadai, yakni Peraturan OJK No. 42/POJK.04/2020                           namely Regulation of Financial Services Authority No.
tentang Transaksi Afiliasi dan Transaksi Benturan                               42/POJK.04/2020 concerning Affiliate Transactions and
Kepentingan serta PSAK No. 7 tentang Pengungkapan                               Conflict of Interest Transactions and PSAK No. 7 concerning
Pihak-Pihak Berelasi dengan tetap memperhatikan prinsip-                        Disclosure of Related Parties while still paying attention to
prinsip kehati-hatian sesuai dengan praktik bisnis yang                         prudential principles in accordance with generally accepted
berlaku umum.                                                                   business practices.

Direksi memastikan bahwa seluruh kegiatan transaksi                             The Board of Directors ensure that affiliated transactions are
afiliasi dilakukan sesuai dengan praktik bisnis yang berlaku                    carried out in accordance with generally accepted business
umum dan memenuhi prinsip transaksi yang wajar (arms’                           practices and complying with the arms-length principle.
length principle).


Peran Dewan Komisaris dan Komite Audit
The Role of the Board of Commissioners and the Audit Committee

Dewan Komisaris dan Komite Audit telah melaksanakan                             The Board of Commissioners and the Audit Committee
perannya dalam melakukan prosedur yang memadai untuk                            have done their roles in implementing adequate procedures
memastikan bahwa transaksi afiliasi dilaksanakan sesuai                         to ensure that affiliated transactions are carried out in
dengan praktik bisnis yang berlaku umum antara lain                             accordance with generally accepted business practices,
dilakukan dengan memenuhi prinsip transaksi yang wajar                          among others, by complying with the arms-length principle.
(arms’ length principle).


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  Perubahan Peraturan Perundang-undangan yang
  Berdampak Signifikan terhadap Perusahaan
  Amendment to Laws and Regulations with Significant Impact on the Company



  Sepanjang tahun 2023 tidak terdapat perubahan                    Throughout 2023 there were no new regulations or changes
  peraturan perundang-undangan yang berdampak signifikan           in laws and regulations that have a significant impact on
  terhadap Perseroan.                                              the Company.




  Perubahan Kebijakan Akuntansi dan Dampaknya
  terhadap Laporan Keuangan
  Changes in Accounting Policies and Their Impact on Financial Statements



  DSAK-IAI telah menerbitkan beberapa standar baru,                DSAK-IAI has issued several new standards, amendments
  amandemen dan penyesuaian atas standar, serta                    and improvement to standards, and interpretations of the
  interpretasi atas standar namun belum berlaku efektif untuk      standards but not yet effective for the period beginning on 1
  periode yang dimulai pada 1 Januari 2023.                        January 2023.

  Efektif berlaku pada atau setelah tanggal 1 Januari 2024:        Effective on or after 1 January 2024:
  Amandemen atas standar yang berlaku efektif untuk periode        Amendment to standards which effective for periods
  yang dimulai pada atau setelah 1 Januari 2024, dengan            beginning on or after 1 January 2024, with early adoption is
  penerapan diri diperkenankan yaitu:                              permitted, are as follows:
  • Amandemen PSAK 1: Penyajuan Laporan Keuangan                   • Amendments PSAK 1: Presentation of Financial
     tentang Liabilitas Jangka Panjang Dengan Kovenan;                 Statements related to Non-Current Liabilities
  • Amandemen PSAK 73: Liabilitas Sewa dalam Jual dan                  with Covenants;
     Sewa - Balik;                                                 • Amendments PSAK 73: Lease Liability in a Sale
  • Amandemen PSAK 2: Laporan Arus Kas dan PSAK 60:                    and Leaseback;
     Instrumen Keuangan: Pengungkapan tentang pengaturan           • Amendments PSAK 2: Statement of Cash Flows and
     pembiayaan pemasok;                                               PSAK 60: Financial Instrument: Disclosure regarding
  • Revisi PSAK 101: Penyajian Laporan Keuangan Syariah;               supplier finance agreement;
     dan                                                           • Revised PSAK 101: Presentation of Shariah Financial
  • Revisi PSAK 109: Akuntansi Zakat, Infak, dan Sedekah.              Statements; and
                                                                   • Revised PSAK 109: Accounting of Zakah, Infaq,
                                                                       and Sadaqah.




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Efektif berlaku pada atau setelah tanggal 1 Januari 2025:                       Effective on or after 1 January 2025:
Standar baru dan amandemen atas standar yang                                    New standard and amendment to standard which effective
berlaku efektif untuk periode yang dimulai pada atau                            for periods beginning on or after 1 January 2025, with early
setelah 1 Januari 2025, dengan penerapan dini yang                              adoption is permitted, are as follows:
diperkenankan yaitu:                                                            • PSAK 117: Insurance Contract; and
• PSAK 117: Kontrak Asuransi; dan                                               • Amendments PSAK 117: Insurance Contract regarding
• Amendemen PSAK 117: Kontrak Asuransi tentang                                      Initial Application of PSAK 117 and PSAK 71 –
    Penerapan Awal PSAK 117 dan PSAK 71 - Informasi                                 Comparative Information;
    Komparatif;                                                                 • Amendments PSAK 10: Foreign Exchange Rate regarding
• Amendemen PSAK 10: Pengaruh Perubahan Kurs Valuta                                 lack of exchangeability.
    Asing tentang kekurangan ketertukaran.

Beberapa PSAK juga diamendemen yang merupakan                                   Several PSAKs were also amended which were consequential
amendemen konsekuensial karena berlakuknya PSAK 117:                            amendments due to the enactment of PSAK 117: Insurance
Kontrak Asuransi, yaitu:                                                        Contracts, as follows:
• PSAK 1: Penyajuan Laporan Keuangan;                                           • PSAK 1: Presentation of Financial Statements;
• PSAK 2 : Laporan Arus Kas;                                                    • PSAK 2: Statement of Cash Flows;
• PSAK 13: Properti Investasi;                                                  • PSAK 13: Investment Property;
• PSAK 15: Investasi pada Entitas Asosiasi dan Ventura                          • PSAK 15: Investment in Associated Entities and
   Bersama;                                                                        Joint Ventures;
• PSAK 16: Aset Tetap;                                                          • PSAK 16: Fixed Assets;
• PSAK 19: Aset Takberwujud;                                                    • PSAK 19: Intangible Assets;
• PSAK 22: Kombinasi Bisnis;                                                    • PSAK 22: Business Combinations;
• PSAK 24: Imbalan Kerja;                                                       • PSAK 24: Employee Benefits;
• PSAK 48: Penurunan Nilai Aset;                                                • PSAK 48: Impairment of Asset;
• PSAK 50: Instrumen Keuangan Penyajian;                                        • PSAK 50: Financial Instruments: Presentation;
• PSAK 57: Provisi, Liabilitas Kontijensi dan                                   • PSAK 57: Provisions, Contingent Liabilities and
   Aset Kontijensi;                                                                Contingent Assets;
• PSAK 58: Aset Tidak Lancar yang Dikuasai untuk Dijual                         • PSAK 58: Non-Current Assets Held for Sale and
   dan Operasi yang Dihentikan;                                                    Discontinued Operations;
• PSAK 60: Instrumen Keuangan: Pengungkapan;                                    • PSAK 60: Financial Instruments: Disclosures;
• PSAK 71: Instrumen Keuangan;                                                  • PSAK 71: Financial Instruments;
• PSAK 72: Pendapatan dari Kontrak dengan Pelanggan.                            • PSAK 72: Income from Contracts with Customers.




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05
Tata Kelola
Perusahaan
Corporate Governance
Page 201

          
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                   Komitmen terhadap Tata Kelola Perusahaan
          1.       Commitment to Corporate Governance




  Tugu Insurance menempatkan tata kelola perusahaan                 Tugu Insurance views corporate governance as the
  sebagai landasan bagi terbentuknya sistem, struktur,              foundation for the formation of a system, structure,
  serta budaya yang mengedepankan etika dan integritas              and culture that prioritizes ethics and integrity in the
  dalam pengelolaan Perseroan. Penerapan tata kelola                management of the Company. The implementation of
  perusahaan bertujuan untuk mendorong peningkatan kinerja,         corporate governance aims to encourage performance
  memberikan jaminan terpenuhinya hak-hak pemangku                  improvement, guarantee that stakeholder rights are
  kepentingan (stakeholders), serta meningkatkan kepatuhan          fullfiled, and increase compliance with applicable
  terhadap peraturan perundang-undangan yang berlaku.               laws and regulations. Consistently, the Company
  Secara konsisten, Perseroan senantiasa memiliki komitmen          always fully committed to implementing sustainable
  penuh atas penerapan tata kelola perusahaan yang                  corporate governance and complying with standards and
  berkesinambungan dan menaati standar serta peraturan              statutory regulations.
  perundang-undangan.

  Penerapan tata kelola perusahaan di Tugu Insurance                The implementation of corporate governance at Tugu
  didasari oleh integritas yang kokoh sehingga prinsip-prinsip      Insurance is based on strong integrity so that corporate
  tata kelola perusahaan dapat dilaksanakan oleh seluruh            governance principles can be implemented at all levels
  tingkatan dan pada seluruh aktivitas Perseroan. Penerapan         and in all Company activities. It is believed that the
  prinsip tata kelola tersebut diyakini dapat berpengaruh pada      implementation of these governance principles can influence



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kegiatan operasional Perseroan agar dapat berjalan secara                       the Company's operational activities so that it can run
konsisten dan berkesinambungan.                                                 consistently and sustainably.

Dewan Komisaris dan Direksi memegang peranan penting                            The Board of Commissioners and the Board of Directors
dalam penerapan tata kelola di lingkungan Perseroan. Oleh                       play a significant role in the implementation of governance
karena itu, seluruh jajaran Dewan Komisaris dan Direksi                         within the Company. Therefore, the Board of Commissioners
menandatangani dokumen Pakta Integritas secara rutin                            and Directors signs the Integrity Pact document annually.
setiap tahunnya. Pakta Integritas ini berisi pernyataan                         This Integrity Pact contains a statement regarding the
mengenai pemberlakuan Pedoman Sistematika Etika                                 implementation of the Code of Conduct as a commitment
Usaha dan Tata Perilaku Perusahaan (Code of Conduct)                            to consistently implementing governance. In addition,
sebagai komitmen dalam mengimplementasikan tata kelola                          there is also a Conflict of Interest Integrity Pact and Anti-
secara konsisten. Selain itu terdapat juga Pakta Integritas                     Bribery Management System Integrity Pact to support the
Conflict of Interest dan Pakta Integritas Sistem Manajemen                      implementation of governance.
Anti Penyuapan (SMAP) sebagai dukungan pelaksanaan
tata kelola.

Selain Dewan Komisaris dan Direksi, seluruh Insan Tugu juga                     Not only the Board of Commissioners and the Board of
diwajibkan untuk menandatangani dokumen Pakta Integritas,                       Directors, all Tugu Personnel must sign the Integrity Pact
dalam rangka menegaskan komitmen tata kelola perusahaan                         document to confirm the corporate governance commitment
serta untuk memastikan ketaatan mereka terhadap                                 to Tugu Personnel and ensure their adherence to corporate
praktik tata kelola perusahaan. Pakta Integritas ini berisi                     governance practices. This Integrity Pact contains a
pernyataan bahwa setiap Insan Tugu akan melaksanakan                            statement that each Tugu Personnel shall carry out their
tugas dan kewajiban sesuai dengan prinsip-prinsip tata                          duties and obligations following corporate governance
kelola perusahaan; memegang teguh prinsip-prinsip dasar                         principles; uphold the basic principles of corporate integrity,
integritas perusahaan, bertindak jujur, dapat dipercaya,                        act honestly, trustworthy, avoid conflicts of interest, and
menghindari konflik kepentingan, dan tidak menoleransi                          disapprove of bribery; be committed not to holding other
suap; tidak mempunyai jabatan lain pada Badan Usaha lain                        positions in other Business Entities that may cause a conflict
yang dapat menimbulkan benturan kepentingan dengan                              of interest with the Company; comply with the Company’s
Perusahaan; mematuhi pedoman-pedoman tata kelola                                corporate governance guidelines and will not take advantage
Perusahaan dan tidak akan memanfaatkan Perusahaan baik                          of the Company either directly or indirectly for personal,
secara langsung maupun tidak langsung untuk kepentingan                         family and or certain group interests. All Tugu Personnel
pribadi, keluarga dan atau golongan tertentu. Seluruh Insan                     implement the Integrity Pact consistently and responsibly.
Tugu melaksanakan Pakta Integritas secara konsisten dan                         They also perceive, read, understand, and recognize
bertanggung jawab serta mengetahui, membaca, memahami                           that violations of this Integrity Pact have consequences,
dan menyadari bahwa pelanggaran atas Pakta Integritas ini                       according to the applicable rules and regulations, in the
membawa konsekuensi sesuai peraturan dan perundangan                            effort to achieve good corporate governance. This Integrity
yang berlaku demi terciptanya tata kelola perusahaan yang                       Pact also applies to business partners who are directly or
baik. Pakta Integritas ini juga berlaku bagi pelaku-pelaku                      indirectly related to Tugu Insurance.
usaha yang berkaitan baik secara langsung maupun tidak
langsung dengan Tugu Insurance.




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                       Prinsip Tata Kelola Perusahaan
          2.           Principles of Corporate Governance




  Tugu Insurance senantiasa melakukan evaluasi atas                   Tugu Insurance always evaluates the development of
  perkembangan praktik tata kelola korporat sebagai komitmen          corporate governance practices as a commitment to keep
  untuk terus berinovasi dalam menyempurnakan penerapan               innovating and improving governance implementation within
  tata kelola di lingkup keorganisasian Perseroan. Perseroan          the Company's organizational scope. The Company believes
  mempercayai bahwa penerapan tata kelola Perusahaan                  that the implementation of corporate governance encourages
  mendorong kekuatan dalam menghadapi setiap tantangan ke             strength in addressing every challenge ahead and becomes
  depan dan menjadi entitas usaha dengan kompetensi yang              a business entity with competitive competencies. As stated
  kompetitif. Sebagaimana tertuang dalam Peraturan Otoritas           in the Financial Services Authority Regulation Number 73/
  Jasa Keuangan Nomor 73/POJK.05/2016 tentang Tata                    POJK.05/2016 concerning Good Corporate Governance for
  Kelola Perusahaan yang Baik bagi Perusahaan Perasuransian           Insurance Companies in article 2 paragraph 2, the principles
  pada pasal 2 ayat 2, prinsip Tata Kelola Perusahaan yang            of Good Corporate Governance consist of TARIF elements
  Baik terdiri dari elemen TARIF (transparency, accountability,       (transparency, accountability, responsibility, independency,
  responsibility, independency, fairness) dengan penjelasan           fairness) with the following explanation:
  sebagai berikut:

  1. Keterbukaan (transparency),yaitu keterbukaan dalam               1. Transparency, being transparent in the decision-
     proses pengambilan keputusan dan keterbukaan                        making process and in disclosing material and relevant
     dalam pengungkapan dan penyediaan informasi yang                    information about the Insurance Companies, that is
     relevan mengenai Perusahaan Perasuransian, yang                     easily accessible to stakeholders in accordance with
     mudah diakses oleh pemangku kepentingan sesuai                      the provisions of laws and regulations in the field of
     dengan ketentuan peraturan perundang-undangan di                    insurance as well as the standards, principles, and
     bidang perasuransian serta standar, prinsip, dan praktik            practices of organizing a healthy insurance business;
     penyelenggaraan usaha perasuransian yang sehat;                  2. Accountability, the clarity of functions and responsibility
  2. Akuntabilitas (accountability), yaitu kejelasan fungsi              implementation of the Insurance Company’s Organ so
     dan pelaksanaan pertanggungjawaban Organ                            that the performance of the Insurance Company shall run
     Perusahaan Perasuransian sehingga kinerja Perusahaan                transparently, fairly, effectively, and efficiently;
     Perasuransian, dapat berjalan secara transparan, wajar,          3. Responsibility, the suitability of the management of
     efektif, dan efisien;                                               the Insurance Company with the provisions of laws and
  3. Pertanggungjawaban (responsibility), yaitu kesesuaian               regulations in the field of insurance and ethical values as
     pengelolaan Perusahaan Perasuransian dengan                         well as standards, principles, and practices of organizing
     ketentuan peraturan perundang-undangan di bidang                    a sound insurance business;
     perasuransian dan nilai-nilai etika serta standar, prinsip,      4. Independency, the state of an Insurance Company that
     dan praktik penyelenggaraan usaha perasuransian                     is managed independently and professionally and free
     yang sehat;                                                         from conflict of interest and influence or pressure from
  4. Kemandirian (independency), yaitu keadaan Perusahaan                any party that is not in accordance with the provisions of
     Perasuransian yang dikelola secara mandiri dan                      laws and regulations in the field of insurance and ethical
     profesional serta bebas dari benturan kepentingan dan               values as well as standards, principles, and practices of
     pengaruh atau tekanan dari pihak manapun yang tidak                 organizing a sound insurance business; and
     sesuai dengan ketentuan peraturan perundang-undangan
     di bidang perasuransian dan nilai-nilai etika serta
     standar, prinsip, dan praktik penyelenggaraan usaha
     perasuransian yang sehat; dan




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5. Kesetaraan dan kewajaran (fairness), yaitu kesetaraan,                       5. Fairness, the equality, balance, and justice in fulfilling
   keseimbangan, dan keadilan di dalam memenuhi hak-                               the rights of stakeholders which occur based on
   hak pemangku kepentingan yang timbul berdasarkan                                agreements, provisions of laws and regulations in
   perjanjian, ketentuan peraturan perundang-undangan                              the field of insurance, and ethical values as well as
   di bidang perasuransian, dan nilai-nilai etika serta                            standards, principles, and practices of organizing a sound
   standar, prinsip, dan praktik penyelenggaraan usaha                             insurance business.
   perasuransian yang sehat.

Di sisi lain, prinsip TARIF dalam penerapan tata kelola juga                    On the other hand, the TARIF principle in implementing
tertuang dalam Peraturan Menteri Badan Usaha Milik Negara                       governance is also stipulated in the Regulation of the
Republik Indonesia Nomor Per-2/MBU/03/2023 Tentang                              Minister of State-Owned Enterprises of the Republic of
Pedoman Tata Kelola dan Kegiatan Korporasi Signifikan                           Indonesia Number Per-2/MBU/03/2023 concerning
Badan Usaha Milik Negara sesuai dengan pasal 3 ayat 2                           Guidelines for Governance and Significant Corporate
sebagai berikut:                                                                Activities of State-Owned Enterprises in accordance with
1. Transparansi (transparency), yaitu keterbukaan dalam                         article 3 paragraph 2 as follows:
    melaksanakan proses pengambilan keputusan dan                               1. Transparency, being transparent in the decision-
    keterbukaan dalam mengungkapkan informasi material                              making process and in disclosing material and relevant
    dan relevan mengenai perusahaan;                                                information about the company;
2. Akuntabilitas (accountability), yaitu kejelasan fungsi,                      2. Accountability, the clarity of functions, implementation
    pelaksanaan dan pertanggungjawaban Organ Persero/                               and accountibility of Limited Liabilities Companies/Public
    Organ Perum sehingga pengelolaan perusahaan                                     Companies’ organs so that the company management
    terlaksana secara efektif;                                                      shall run effectively;
3. Pertanggungjawaban (responsibility), yaitu kesesuaian                        3. Responsibility, the suitability of the management of the
    di dalam pengelolaan perusahaan terhadap ketentuan                              Company with the provisions of laws and regulations as
    peraturan perundang-undangan dan prinsip korporasi                              well as sound corporate principles;
    yang sehat;                                                                 4. Independency, the state that the company is managed
4. Kemandirian (independency), yaitu keadaan di mana                                professionally and free from conflict of interest and
    perusahaan dikelola secara profesional tanpa benturan                           influence/pressure from any party that is not in
    kepentingan dan pengaruh/tekanan dari pihak manapun                             accordance with the provisions of laws and regulations
    yang tidak sesuai dengan ketentuan peraturan                                    and sound corporate principles; and
    perundang-undangan dan prinsip korporasi yang sehat;                        5. Fairness, justice and equality in fulfilling the rights of
    dan                                                                             stakeholders arising under agreements and provisions of
5. Kewajaran (fairness), yaitu keadilan dan kesetaraan                              laws and regulations.
    di dalam memenuhi hak pemangku kepentingan yang
    timbul berdasarkan perjanjian dan ketentuan peraturan
    perundang-undangan.

Prinsip tersebut menitikberatkan pada hubungan                                  These principles emphasize the relationship between
pemangku kepentingan dan perusahaan yang berlandaskan                           stakeholders and the company based on ethics, a fair and
etika, proses pertanggungjawaban kinerja secara                                 transparent performance accountability process, considering
wajar dan transparan, mempertimbangkan informasi                                material information as a decision-making consideration,
yang material sebagai pertimbangan pengambilan                                  and conducting responsibilities towards society and the
keputusan, serta melaksanakan tanggung jawab terhadap                           environment to contribute to sustainable development.
masyarakat dan lingkungan agar berkontribusi pada
pembangunan berkelanjutan.

Hal ini selaras dengan Pedoman Umum Governansi Korporat                         This is aligned with the 2021 General Guidelines for
Indonesia (PUGKI) Tahun 2021 yang diterbitkan oleh                              Indonesian Corporate Governance (PUGKI) issued by the
Komite Nasional Kebijakan Governance (KKNG) sebagai                             National Committee on Governance Policy (KKNG) as a
bentuk aktualisasi dari prinsip Transparansi, Akuntabilitas,                    form of actualization of the principles of Transparency,
Tanggung Jawab, Kemandirian, dan Kewajaran (TARIF). PUGKI                       Accountability, Responsibility, Independence, and Fairness
2021 merupakan pemutakhiran dari PUGKI 2019 sebagai                             (TARIF). PUGKI 2021 is an update of PUGKI 2019 as a
pedoman bagi setiap korporasi dalam menyusun tata                               guideline for each corporation in preparing its internal
kelola internalnya. Penerapan prinsip tata kelola korporat                      governance. The implementation of corporate governance




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          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




  berlandaskan pada 4 (empat) pilar, yaitu Perilaku Beretika,      principles is based on 4 (four) pillars, namely Ethical
  Akuntabilitas, Transparan, dan Keberlanjutan. Sebagaimana        Behavior, Accountability, Transparency, and Sustainability.
  maksud dari penerapan PUGKI yaitu mendorong praktik              As the purpose of PUGKI implementation is to encourage
  tata kelola yang berstandar global dengan penciptaan             global standard governance practices with the creation of
  nilai korporasi yang berkelanjutan dalam jangka panjang,         sustainable corporate value in the long term, then related
  maka terkait dengan implementasi pedoman PUGKI,                  to the implementation of PUGKI guidelines, in general in
  secara umum dalam menjalankan kegiatan operasional               carrying out operational activities the Company has adopted
  Perseroan telah mengadopsi pedoman PUGKI tersebut.               the PUGKI guidelines. The adoption of PUGKI guidelines
  Pengadopsian pedoman PUGKI di Perseroan dilakukan                in the Company is gradual and continuous because the
  secara bertahap dan berkesinambungan dikarenakan                 implementation needs to be carried out in substance and
  penerapan perlu dilaksanakan secara substansi dan bukan          not just a checklist approach. Thus, the implementation of
  sekedar pendekatan daftar pengecekan (checklist). Dengan         PUGKI guidelines is in the early stages of adoption through
  demikian, implementasi pedoman PUGKI dalam tahap                 learning and understanding the principles, recommendations
  awal pengadopsian melalui pembelajaran dan pemahaman             and guidelines.
  prinsip, rekomendasi dan panduan.


  Penerapan dan Pemantauan Penerapan Tata Kelola Perusahaan
  Implementation and Deployment Monitoring of Corporate Governance

  Penerapan tata kelola perusahaan merupakan tanggung              Corporate governance implementation is an obligation
  jawab bersama yaitu seluruh Insan Tugu, dimana                   for all Tugu Personnel, with the main responsibilities
  pengelolaannya di bawah koordinasi Direksi dan Dewan             under the coordination of the Board of Directors and the
  Komisaris. Dewan Komisaris bertanggung jawab atas                Board of Commissioners. The Board of Commissioners’
  pengawasan pelaksanaan tata kelola perusahaan dan                responsibilities include monitoring the implementation
  memantau kepatuhan Perseroan terhadap peraturan                  of corporate governance and monitoring the Company’s
  perundang-undangan yang berlaku. Dalam melaksanakan              compliance with prevailing laws and regulations. In
  tugas dan tanggung jawab ini, Dewan Komisaris dibantu            completing these duties and responsibilities, the Board
  oleh Komite Audit, terutama dalam melakukan penelaahan           of Commissioners is assisted by the Audit Committee,
  atas kecukupan usaha manajemen dalam mendesain                   especially in reviewing the adequacy of management efforts
  dan melaksanakan sistem pengendalian internal yang               in designing and implementing an effective internal control
  efektif; melakukan koordinasi dengan internal auditor            system, coordinating with the internal auditor in carrying out
  dalam pelaksanaan tugasnya; dan melakukan pemantauan             their duties, and monitoring management effectiveness in
  terhadap efektivitas manajemen dalam upaya penilaian             efforts to assess and manage risk and compliance with laws
  dan pengelolaan risiko serta kepatuhan terhadap peraturan        and regulations.
  perundang-undangan.

  Di sisi lain, Direksi mempunyai fungsi Compliance di dalam       Meanwhile, the Board of Directors has a Compliance
  struktur organisasi perusahaan yaitu pada Direktorat             Function in the Organizational Structure of the Company
  Kepatuhan dan Manajemen Risiko. Fungsi Compliance                under Directorate of Compliance and Risk Management. The
  bertanggung jawab terhadap sosialisasi dan implementasi          Compliance function is responsible for the dissemination
  peraturan/kebijakan Panduan Umum Tata Kelola kepada              and implementation of regulations/policies on General
  seluruh Insan Tugu serta melakukan pemutakhiran/                 Governance Guidelines for all Tugu Personnel, as well as
  penyempurnaan secara berkala yang disesuaikan dengan             periodic updates/enhancements, which are tailored to
  perkembangan bisnis Perseroan. Fungsi Compliance                 the Company’s business development. The Compliance
  juga mempunyai tanggung jawab untuk memantau dan                 function also has the responsibility to monitor and
  menganalisa setiap kebijakan terbaru maupun best practices       analyze every latest policy and best practices related
  terkait penerapan tata kelola perusahaan dan mengkoordinir       to the implementation of corporate governance and
  pelaporan pelaksanaan tata kelola perusahaan dan                 coordinate implementation reporting as well as corporate
  melakukan koordinasi kegiatan self-assessment tata kelola        governance self-assessment activities in accordance with
  perusahaan sesuai ketentuan yang berlaku.                        applicable regulations.




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Penilaian atas Implementasi Tata Kelola Perusahaan
Assessment of the Corporate Governance Implementation

Secara konsisten, Tugu Insurance melaksanakan penilaian                         Consistently, Tugu Insurance carries out assessments of
atas penerapan tata kelola perusahaan untuk mengetahui                          the corporate governance implementation to determine
tingkat kecukupan penerapannya. Hal ini sesuai dengan                           the adequacy level of its implementation. This is also
Peraturan Otoritas Jasa Keuangan (“OJK”) No. 73/                                in accordance with the Financial Services Authority
POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik                           (“OJK”) Regulation No. 73/POJK.05/2016 concerning
bagi Perusahaan Perasuransian sebagaimana telah diubah                          Good Corporate Governance for Insurance Companies
dengan POJK No. 43/POJK.05/2019 tentang Perubahan                               as amended by POJK No. 43/POJK.05/2019 concerning
atas POJK No. 73/POJK.05/2016 tentang Tata Kelola                               Amendments to POJK No. 73/POJK.05/2016 concerning
Perusahaan yang Baik bagi Perusahaan Perasuransian yang                         Good Corporate Governance for Insurance Companies
mengatur bahwa perusahaan perasuransian wajib melakukan                         which stipulates that insurance companies are required
penilaian sendiri (self-assessment) atas penerapan tata                         to conduct self-assessment on the implementation of
kelola perusahaan secara berkala dan Peraturan OJK                              corporate governance regularly and OJK Regulation No. 21/
No. 21/POJK.04/2015 tentang Pedoman Tata Kelola                                 POJK.04/2015 concerning Governance Guidelines for Public
Perusahaan Terbuka. Tugu Insurance sebagai Perusahaan                           Companies. Tugu Insurance as a Public Company engaging
Terbuka yang bergerak di sektor perasuransian wajib untuk                       in the insurance sector is required to measure corporate
melakukan pengukuran terhadap penerapan tata kelola                             governance implementation through a self-assessment.
perusahaan yang dilakukan melalui self-assessment.

Tahapan dalam pelaksanaan self-assessment atas penerapan                        Self-assessment on the implementation of corporate
tata kelola perusahaan, antara lain:                                            governance is conducted through the following stages:
1. Penilaian (assessment) oleh pihak eksternal yang                             1. Assessment by an independent external party every 2
    independen setiap 2 (dua) tahun sekali, yang proses                             (two) years, whose appointment process is in accordance
    penunjukannya sesuai dengan kebijakan pengadaan                                 with the policies for procurement of goods and services
    barang dan jasa yang berlaku di Perseroan, dan                                  applicable in the Company and is coordinated by the
    dikoordinir oleh fungsi Compliance;                                             Compliance Function;
2. Self-assessment setiap tahun oleh fungsi Compliance                          2. Annual self-assessment by the Compliance function
    dengan berpedoman pada ketentuan POJK;                                          based on POJK provisions;
3. Evaluasi (review) oleh pihak internal yang dikoordinir                       3. Evaluation (review) by internal parties coordinated by
    oleh fungsi Compliance. Evaluasi ini merupakan                                  Compliance function. This evaluation is a program
    suatu program untuk mendeskripsikan tindak lanjut                               to describe the follow-up of the execution and
    pelaksanaan dan penerapan tata kelola perusahaan                                implementation of corporate governance carried out in
    yang dilakukan pada tahun berikutnya setelah penilaian                          the following year after the assessment.
    (assessment).

Pelaksanaan self-assessment atas penerapan tata                                 In 2023, self-assessment on the implementation of
kelola perusahaan pada tahun 2023 menunjuk penilai                              corporate governance was conducted by appointing an
independen yaitu:                                                               independent assessor as follows:



      Jenis Penilaian                                                                                  Asesmen
      Type of Assessment                                                                              Assessment

      Penilai                                                                                    PT Sinergi Daya Prima
      Assessor

      Periode Penilaian                                                                            Tahun Buku 2021
      Assessment Period                                                                            2021 Fiscal Year

      Tempat                                                                      Wisma Tugu I, Jl. H. R. Rasuna Said Kav. C8-9 Jakarta
      Place

      Waktu Terbit Penilaian                                                                      30 November 2022
      Date of Report                                                                              30 November 2022




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          Performance Review                 Management Report                 Company Profile                  Management Discussion and Analysis




  Penilaian atas penerapan tata kelola perusahaan                                 Self-assessment on the implementation of corporate
  menggunakan parameter Kementerian BUMN sebagaimana                              governance is carried out using the parameters of the
  ditetapkan dalam Surat Keputusan Sekretaris Menteri                             SOEs Ministry as stipulated in the Decree of the Secretary
  Badan Usaha Milik Negara No. SK-16/S-MBU/2012 tanggal                           of the Minister for State-Owned Enterprises No. SK-16/S-
  6 Juni 2012 tentang Indikator Penilaian dan Evaluasi atas                       MBU/2012 dated 6 June 2012 concerning Indicators
  Penerapan Tata Kelola Perusahaan yang Baik pada Badan                           for Assessment and Evaluation of the Implementation of
  Usaha Milik Negara, dengan aspek-aspek penilaian tata                           Good Corporate Governance in State Owned Enterprises,
  kelola meliputi:                                                                the aspects of corporate governance assessment include
                                                                                  the following:
  1. Komitmen terhadap Penerapan Tata Kelola Perusahaan                           1. Commitment to the Sustainable Implementation of Good
     yang Baik secara Berkelanjutan;                                                  Corporate Governance;
  2. Pemegang Saham dan RUPS;                                                     2. Shareholders and GMS;
  3. Dewan Komisaris;                                                             3. Board of Commissioners;
  4. Direksi;                                                                     4. Board of Directors;
  5. Pengungkapan Informasi dan Transparansi;                                     5. Information Disclosure and Transparency;
  6. Aspek Lainnya.                                                               6. Other Aspects.

  Berdasarkan hasil penilaian tersebut, skor yang diperoleh                       Based on the assessment, the score obtained by Tugu
  Tugu Insurance adalah sebesar 91,314 dari total nilai                           Insurance is 91.314 out of 100, equivalent to 91.31% and
  maksimal sebesar 100 yang setara dengan 91,31%                                  is considered “Very Good”. The result shows a increase
  atau mencapai kualifikasi Sangat Baik. Hasil tersebut                           compared to the previous assessment score of 89.28%
  mengalami peningkatan jika dibandingkan dengan skor tahun
  sebelumnya yang mendapat skor sebesar 89,28%.


                                                                                2021                                             2019
                                                Nilai
            Aspek Penilaian GCG               Maksimal        Skor             Tingkat                            Skor         Tingkat
           GCG Assessment Aspects             Maximum       Capaian          Pemenuhan         Predikat         Capaian      Pemenuhan         Predikat
                                               Score        Achieved          Fulfillment      Predicate        Achieved      Fulfillment      Predicate
                                                             Score               Rate                            Score           Rate
      Aspek I                                     7              6,456         92,23%         Sangat Baik        6,152          87,88%        Sangat Baik
      Komitmen terhadap Penerapan                                                              Very Good                                       Very Good
      Tata Kelola Perusahaan yang Baik
      Secara Berkelanjutan
      Aspect I
      Commitment to Sustainable
      Implementation of Good
      Corporate Governance
      Aspek II                                    9              8,802         97,80%         Sangat Baik        8,734          97,05%        Sangat Baik
      Pemegang Saham dan RUPS                                                                  Very Good                                       Very Good
      Aspect II
      Shareholders and GMS
      Aspek III                                  35          30,839            88,11%         Sangat Baik        30,207         86,30%        Sangat Baik
      Dewan Komisaris                                                                          Very Good                                       Very Good
      Aspect III
      Board of Commissioners
      Aspek IV                                   35          32,411            92,60%         Sangat Baik        31,711         90,60%        Sangat Baik
      Direksi                                                                                  Very Good                                       Very Good
      Aspect IV
      Board of Directors
      Aspek V                                     9              8,520         94,67%         Sangat Baik        8,194          91,05%        Sangat Baik
      Pengungkapan Informasi dan                                                               Very Good                                       Very Good
      Transparansi
      Aspect V Information Disclosure and
      Transparency




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                                                                               2021                                           2019
                                            Nilai
      Aspek Penilaian GCG                 Maksimal            Skor            Tingkat                            Skor        Tingkat
     GCG Assessment Aspects               Maximum           Capaian         Pemenuhan          Predikat        Capaian     Pemenuhan          Predikat
                                           Score            Achieved         Fulfillment       Predicate       Achieved     Fulfillment       Predicate
                                                             Score              Rate                            Score          Rate
 Aspek VI                                        5            4,286           86,00%         Sangat Baik           4,286     86,00%          Sangat Baik
 Aspek Lainnya                                                                                Very Good                                       Very Good
 Aspect VI
 Other Aspects
 Jumlah                                         100          91,314           91,31%        Sangat Baik             100      89,28%          Sangat Baik
 Total                                                                                       Very Good                                        Very Good




                                  Skor Penilaian Aspek Tata Kelola Perusahaan Tahun Buku 2021
                                                Corporate Governance Aspects Assessment Score 2021




                                         97,8

                                                                                                                   94,7

                 92,2                                                                   92,6


                                                                 88,1
                                                                                                                                     86




              Aspek I               Aspek II                   Aspek III               Aspek IV                Aspek V           Aspek VI
              Aspect I              Aspect II                  Aspect III              Aspect IV               Aspect V          Aspect VI




                                                                    Periode Penilaian
                                                                      Assessment Period




                                                                                                                                  91,314

                                                                                                           89,283


                                                                            86,963

                                              84,845


              82,277




                 2013                           2015                         2017                           2019                   2021




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           Performance Review              Management Report             Company Profile                     Management Discussion and Analysis




                    Struktur Organ Tata Kelola Perusahaan
          3.        Corporate Governance Organ Structure




  Struktur tata kelola di Tugu Insurance terdiri dari organ                 The governance structure at Tugu Insurance consists of the
  utama dan organ penunjang. Organ utama tata kelola yaitu                  main organs and supporting organs. The main organs for
  Rapat Umum Pemegang Saham (RUPS), Dewan Komisaris,                        governance consist of the General Meeting of Shareholders
  dan Direksi, sementara organ penunjang tata kelola antara                 (GMS), the Board of Commissioners, and the Board of
  lain komite-komite di bawah Dewan Komisaris, Komite-                      Directors, while for supporting organs, including committees
  komite di bawah Direksi, Sekretaris Perusahaan, Internal                  under the Board of Commissioners, committees under the
  Audit, dan Tim Ad-Hoc untuk penanganan pekerjaan yang                     Board of Directors, Corporate Secretary, Internal Audit, and
  bersifat lintas unit. Selain itu, terdapat juga Unit Kepatuhan            the Ad-Hoc Team for handling cross-unit work. In addition,
  dan Manajemen Risiko yang berada di bawah pengawasan                      the Company also has a Compliance and Risk Management
  Direktur Kepatuhan & Manajemen Risiko serta fungsi/unit                   Unit under the supervision of the Compliance & Risk
  lain sebagaimana struktur organisasi Perusahaan.                          Management Director and other functions/units within the
                                                                            Company’s organizational structure.



                                                                        RUPS
                                                                        GMS




                                Dewan Komisaris                                                                  Direksi
                            Board of Commissioners                                                          Board of Directors




                                               Komite Pemantau
               Komite Audit                                                     Sekretaris Perusahaan                            Audit Internal
                                                    Risiko
               Audit Commitee                                                      Corporate Secretary                           Internal Audit
                                            Risk Monitoring Committee


            Komite Nominasi
                                                                                       Kepatuhan                            Manajemen Risiko
            dan Remunerasi
                                                                                        Compliance                            Risk Management
             Nomination and
          Remuneration Committee

                                                                                                                              Fungsi/Unit Lain
                                                                                     Komite-Komite
                                                                                                                           sebagaimana Struktur
                                                                                       Committees
                                Sekretaris Dewan                                                                                Organisasi
                                   Komisaris                                                                                Other Functions/Units
                                                                               Komite Investasi                                   as in the
                            Secretary of the Board of
                                                                               Investment Committee                         Organization Structure
                                Commissioners
                                                                               Komite Manajemen Risiko
                                                                               Risk Management Committee

                                                                               Komite Pengarah Teknologi
                                                                               Informasi
                                                                               Information Technology
                                                                               Steering Committee




208       LAPORAN TAHUNAN 2023                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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Mekanisme Tata Kelola
Corporate Governance Mechanism

Mekanisme penerapan tata kelola perusahaan di Tugu                              Corporate governance implementation at Tugu Insurance
Insurance dilaksanakan dalam sebuah tatanan dimana                              refers to the mechanism where all governance organs have
seluruh organ tata kelola memiliki tanggung jawab tersendiri                    separate responsibilities while implementing corporate
namun tetap melaksanakan implementasi tata kelola                               governance in an integrated manner. Accordingly, the GMS
perusahaan secara terintegrasi. Berdasarkan mekanisme                           has the highest authority, while the Board of Commissioners
tersebut, RUPS memiliki kewenangan tertinggi, sedangkan                         is responsible for supervising and advising the Board of
Dewan Komisaris memiliki fungsi pengawasan dan                                  Directors. In carrying out their duties, the three Main Organs
menasehati Direksi. Dalam menjalankan tugas-tugasnya,                           are given authority that has been regulated following the
ketiga Organ Utama tersebut memiliki kewenangan yang                            provisions of the legislation, the Company’s Articles of
telah diatur sesuai dengan ketentuan perundang-undangan,                        Association, and other provisions, as well as independence
Anggaran Dasar Perusahaan, dan ketentuan lainnya,                               in performing its functions for the benefit of the Company.
berikut independensi dalam melaksanakan fungsi untuk
kepentingan Perseroan.

Perseroan juga telah membuat sejumlah kebijakan yang                            The Company has also established several policies that
mengatur fungsi, tugas, tanggung jawab dan wewenang                             regulate functions, duties, responsibilities, and authorities
dari masing-masing organ tata kelola, serta mengatur pola                       of each governance organ, as well as regulate the working
hubungan antar organ, sehingga terjadi hubungan yang sehat                      relationship between organs, to create a harmonious
yang dilandasi prinsip saling menghormati masing-masing                         relationship based on the principle of mutual respect for
organ. Kebijakan dan prosedur yang dimiliki Perseroan                           each organ. The Company’s policies and procedures are
tersebut senantiasa ditinjau untuk memastikan kesesuaian                        constantly reviewed to ensure that it complies with the
dengan peraturan perundang-undangan yang berlaku dan                            applicable laws and regulations and meets the needs of the
kebutuhan Perseroan.                                                            Company.


Pedoman Tata Kelola Perusahaan yang Baik dan
Pedoman Sistematika Etika Usaha dan Tata Perilaku
Good Corporate Governance Guidelines and Systematic Guidelines for
Business Ethics and Code of Conduct

Setiap struktur tata kelola melaksanakan tugas dan                              Each part governance structure carries out its functions
fungsinya sesuai dengan peraturan perundang-undangan                            following prevailing laws and regulations and has been
yang berlaku dan dalam pelaksanaan tugasnya dilengkapi                          equipped with work guidelines as references/guidelines
dengan pedoman kerja yang merupakan rujukan/pedoman                             regarding the main tasks and work functions of each organ.
tentang tugas pokok dan fungsi kerja masing-masing                              The work guidelines are intended as supporting policies in
organ. Pedoman kerja tersebut ditujukan sebagai kebijakan                       the application of corporate governance (soft structure of
pendukung dalam penerapan tata kelola perusahaan (soft                          corporate governance) and a form of commitment to organ
structure tata kelola perusahaan) dan merupakan bentuk                          governance in improving discipline and responsibility based
komitmen bagi masing-masing organ dalam meningkatkan                            on corporate governance principles.
disiplin dan tanggung jawab berlandaskan prinsip tata kelola.

Selain sebagai pedoman kerja, soft structure tersebut                           In addition to the work guidelines, the soft structure also
juga terdiri dari panduan umum tata kelola yang berlaku                         consists of general governance guidelines that apply to all
untuk seluruh Insan Perseroan dan berlaku efektif menjadi                       Tugu Personnel and are effective to become management
kebijakan manajemen setelah dituangkan dalam Surat                              policies after they are stated in the Decree of the Board
Keputusan Direksi (SKD). Panduan umum tata kelola ini                           of Director (SKD). These general governance guidelines
antara lain terdiri dari Pedoman Tata Kelola Perusahaan                         include the Code of Corporate Governance (COCG) and the
(Code of Corporate Governance atau COCG) dan Pedoman                            Systematic Guidelines for Business Ethics and Code of
Sistematika Etika Usaha dan Tata Perilaku (Code of Conduct).                    Conduct. These two guidelines are regularly evaluated and
Kedua Pedoman ini senantiasa dievaluasi dan dimutakhirkan                       updated periodically to maintain compliance with changes to




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          Performance Review         Management Report        Company Profile           Management Discussion and Analysis




  secara berkala untuk menjaga kesesuaiannya dengan              the applicable laws and regulations and development of the
  perubahan peraturan perundang-undangan yang berlaku dan        Company’s business process.
  perkembangan proses bisnis Perseroan.

  Pedoman Tata Kelola Perusahaan pertama kali diberlakukan       Code of Corporate Governance (COCG) first took effect
  berdasarkan Surat Keputusan Direksi (SKD) No. 27/SKD/          based on the Decree of the Board of Director (SKD) No. 27/
  CSG-TPI/IX/08 tanggal 18 September 2008, yang terakhir         SKD/CSG-TPI/IX/08 dated 18 September 2008 and has
  kali direvisi dengan Pedoman Tata Kelola Perusahaan            been updated with Corporate Governance Guidelines No.
  No. A-001/6500/2022 Revisi Ke-2. Pedoman tersebut              A-001/6500/2022 2nd Revision. COCG serves as a guideline
  adalah untuk memberikan arahan dalam pengelolaan               to provide direction in managing the Company to:
  Perseroan kepada:
  1. Dewan Komisaris, Direksi;                                   1. Board of Commissioners, Directors;
  2. Komite Penunjang Dewan Komisaris, dan Audit Intern;         2. Supporting Committees for the Board of Commissioners
      dan                                                           and Internal Audit; and
  3. Para Pemangku Kepentingan.                                  3. Stakeholders.

  Pedoman Sistematika Etika Usaha dan Tata Perilaku pertama      The Systematic Guidelines for Business Ethics and Code
  kali disahkan berdasarkan Surat Keputusan Direksi (SKD)        of Conduct was first ratified based on PT Tugu Pratama
  PT Tugu Pratama Indonesia No. 03/SKD/CSG-TPI/I/2009            Indonesia’s Decree of the Board of Director (SKD) No. 03/
  tanggal 15 Januari 2009, dan telah dimutakhirkan dengan        SKD/CSGTPI/I/2009 dated 15 January 2009 and has
  Pedoman No. A-003/9100/2017 Revisi Ke-1 Tanggal                been updated with Guideline No. A-003/9100/2017 of
  5 Desember 2017 yang diberlakukan dengan SKD No.               1st Revision Dated 5 December 2017, effective based on
  007/SKD/CSG/TPI/II/2018 Tanggal 7 Februari 2018                Decree No. 007/SKD/CSG/TPI/II/2018 dated 7 February
  dan telah dilakukan revitalisasi melalui Pedoman No.           2018 and has been revitalized through Guideline No.
  A-003/6500/2021 Revisi Ke-2 Tanggal 25 Agustus 2021            A-003/6500/2021 of 2nd Revision Dated 25 August 2021
  yang diberlakukan dengan SKD No. 67/SKD/06/ERL-ATPI/           which was effectively based on Decree of the Board of
  IX/2021 Tanggal 28 September 2021 tentang Perubahan            Directors No. 67/SKD/06/ERL-ATPI/ IX/2021 Dated 28
  Pedoman Sistematika Etika Usaha dan Tata Perilaku (Code        September 2021 regarding Changes in the Systematic
  of Conduct atau CoC) PT Asuransi Tugu Pratama Indonesia        Guidelines for Business Ethics and Code of Conduct (CoC)
  Tbk. Pedoman Sistematika Etika Usaha dan Tata Perilaku         of PT Asuransi Tugu Pratama Indonesia Tbk. The Systematic
  merupakan acuan bagi Insan Tugu dalam mengelola                Guidelines for Business Ethics and Code of Conduct serve
  Perseroan guna mencapai visi, misi dan tujuan Perseroan.       as a reference for Tugu Personnel in managing the Company
  Tugu Insurance senantiasa berupaya menciptakan situasi         to achieve the Company’s vision, mission and objectives.
  yang kondusif untuk melaksanakan Pedoman Tata Kelola           Tugu Insurance continuously strives to create a favorable
  Perusahaan dan Pedoman Sistematika Etika Usaha dan             situation to implement the COGC and the Systematic
  Tata Perilaku.                                                 Guidelines for Business Ethics and Code of Conduct (CoC).




210       LAPORAN TAHUNAN 2023                                                              PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




    3.A.
Rapat Umum Pemegang Saham
General Meeting of Shareholders



Rapat Umum Pemegang Saham merupakan organ tata kelola                           As the highest organ of governance that has authority
tertinggi yang memiliki kewenangan yang tidak diberikan                         not given to the Board of Commissioners and the Board
kepada Dewan Komisaris dan Direksi dalam batas yang                             of Directors within limits determined by the Articles of
ditentukan oleh Anggaran Dasar dan peraturan perundang-                         Association and the prevailing laws and regulations, the
undangan yang berlaku. Rapat Umum Pemegang Saham                                General Meeting of Shareholders (GMS) has a vital role
(RUPS) memegang peran penting sebagai wadah bagi                                because it is a forum for shareholders to decide the
pemegang saham dalam memutuskan arah tujuan Perseroan                           direction of the Company’s objectives and appoint and/or
serta mengangkat dan/atau memberhentikan anggota                                dismiss members of the Board of Commissioners and the
Dewan Komisaris dan Direksi. Di samping itu, RUPS juga                          Board of Directors. In addition, the GMS also determines
menentukan hal-hal penting terkait dengan Perseroan yang                        essential matters related to the Company that need to
perlu mendapatkan persetujuan dari RUPS sesuai peraturan                        obtain approval from the GMS in accordance with prevailing
perundang-undangan yang berlaku dan/atau Anggaran Dasar.                        laws and regulations and/or the articles of association.


Dasar Hukum
Legal Basis

Dalam menyelenggarakan RUPS, Perseroan mengacu pada                             The Company refers to various rules and regulations to
berbagai peraturan dan ketentuan antara lain:                                   organize GMS, among others:
1. Undang-Undang No. 40 Tahun 2007 tentang                                      1. Law No. 40 of 2007 regarding Limited
   Perseroan Terbatas;                                                             Liability Companies;
2. Peraturan OJK No. 15/POJK.04/2020 tentang Rencana                            2. OJK Regulation No. 15/POJK.04/2020 regarding the
   dan Penyelenggaraan Rapat Umum Pemegang Saham                                   Plan and Holding of the General Meeting of Shareholders
   Perusahaan Terbuka;                                                             of a Public Company;
3. Peraturan OJK No. 16/POJK.04/2020 tentang                                    3. OJK Regulation No. 16/POJK.04/2020 concerning
   Pelaksanaan Rapat Umum Pemegang Saham Perusahaan                                the Holding of the Electronic General Meeting of
   Terbuka Secara Elektronik;                                                      Shareholders of Public Companies;
4. Anggaran Dasar Perseroan.                                                    4. The Company’s Articles of Association.


Jenis RUPS
Type of GMS

Perseroan memiliki 2 (dua) jenis RUPS, yaitu:                                   The Company has two types of GMS:
1. RUPS Tahunan (RUPST)                                                         1. Annual GMS (AGMS)
   RUPST wajib diselenggarakan setiap tahun dalam jangka                           The AGMS must be held annually within a period of
   waktu paling lambat 6 (enam) bulan setelah tahun buku                           no later than 6 (six) months after the fiscal year ends,
   berakhir, kecuali dalam kondisi tertentu yang ditetapkan                        except in certain conditions stipulated by the Financial
   oleh Otoritas Jasa Keuangan atau peraturan perundang-                           Services Authority or the applicable laws and regulations.
   undangan yang berlaku. Hal-hal yang diputuskan dalam                            The AGMS resolves the following matters:
   RUPST meliputi:                                                                 a. Approval of the Company’s Annual Report, including
   a. Persetujuan Laporan Tahunan Perseroan, termasuk                                  the ratification of the Annual Financial Statements
       pengesahan Laporan Keuangan Tahunan serta                                       as well as the report on the supervisory duties of the
       laporan tugas pengawasan Dewan Komisaris;                                       Board of Commissioners;
   b. Persetujuan penetapan penggunaan laba                                        b. Approval to determine the appropriation of the
       bersih Perseroan;                                                               Company’s net profit;




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      1   Kilas Kinerja             2   Laporan Manajemen       3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review            Management Report           Company Profile            Management Discussion and Analysis




         c. Persetujuan penunjukan kantor akuntan publik; dan             c. Approval of the appointment of a public accounting
         d. Hal-hal lain yang memerlukan persetujuan RUPS                     firm; and
            sesuai dengan ketentuan dalam Anggaran Dasar.                 d. Other matters require GMS approval in accordance
      2. RUPS Luar Biasa (“RUPSLB”)                                           with the provisions in the articles of association.
         Perseroan dapat mengadakan RUPSLB yang                        2. Extraordinary GMS (“EGMS”)
         penyelenggaraannya dapat dilakukan sewaktu-waktu                 The Company may hold an EGMS at any time
         sesuai dengan kebutuhan untuk kepentingan Perseroan.             in accordance with the needs for the benefit of
                                                                          the Company.


  Informasi tentang Pelaksanaan RUPS di Tahun 2023
  Information on GMS Implementation in 2023

  Sepanjang tahun 2023, Perseroan telah menyelenggarakan               Throughout 2023, The Company has held 1 AGMS on
  1 kali RUPST pada 28 April 2023. RUPST diselenggarakan               28 April 2023. The AGMS are held physically or online
  secara fisik maupun online (hybrid) dan dihadiri oleh                (hybrid) and are attended by shareholders, the Board of
  pemegang saham, Dewan Komisaris, Direksi, dan perwakilan             Commissioners, Directors, and representatives from capital
  dari lembaga/profesi penunjang pasar modal.                          market supporting institutions/professions.

  Perseroan melaksanakan RUPST tersebut dengan                         The Company carries out the AGMS by fulfilling the
  memenuhi prosedur yang telah diatur dengan melakukan                 procedures that have been regulated by providing
  pemberitahuan, pengumuman, dan pemanggilan dengan                    notifications, announcements and summons with the
  rincian sebagai berikut:                                             following details:


                                                                                                                    Pengumuman
                                  Pengumuman kepada           Pemanggilan                                        Ringkasan Risalah
       Pemberitahuan kepada
                                    Pemegang Saham          Pemegang Saham               Pelaksanaan                   RUPST
                 OJK
                                   Announcement to the       Invitation to the          Implementation           Announcement of the
         Notification to OJK
                                      Shareholders             Shareholders                                      Minutes Summary of
                                                                                                                        AGMS
             7 Maret 2023        Pengumuman RUPST: 14          6 April 2023              28 April 2023                3 Mei 2023
             7 March 2023        Maret 2023                    6 April 2023              28 April 2023                3 May 2023

                                 Pengumuman Perubahan
                                 Jadwal RUPST: 29 Maret
                                 2023

                                 AGMS Announcement:
                                 14 March 2023

                                 Announcement of Changes
                                 to the AGMS Schedule:
                                 29 March 2023




  Kehadiran Pemegang Saham dalam RUPST
  Attendance of Shareholders in the AGMS

  Keikutsertaan pemegang saham dalam RUPST Tahun 2023                  Shareholders’ participation in the AGMS for Year 2023 was
  dilakukan dengan mekanisme sebagai berikut:                          done by either:
  1. Hadir dalam Rapat secara fisik;                                   1. Physically present at the meeting;
  2. Hadir dalam Rapat secara elektronik melalui aplikasi              2. Attend the Meeting electronically via the eASY.KSEI
      eASY.KSEI; atau                                                     application; or
  3. Diwakili pihak lain dengan memberikan kuasa secara                3. Represented by another party by providing power of
      elektronik melalui aplikasi eASY.KSEI atau memberikan               attorney electronically via the eASY.KSEI application or
      kuasa secara tertulis.                                              providing power of attorney in writing.




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Mekanisme Pengambilan Keputusan
Decision-Making Mechanism

Pengambilan keputusan dalam RUPST dilakukan dengan                              The decision-making at the AGMS is made by deliberation
cara musyawarah untuk mufakat. Apabila musyawarah                               for consensus. If deliberation for consensus is not reached,
untuk mufakat tidak tercapai, maka dilakukan melalui                            then it is done through voting.
pemungutan suara.


Keterlibatan Pihak Independen dalam Penghitungan Suara
Involvement of Independent Parties in the Vote Counting

Pada pelaksanaan RUPST, Perseroan telah menunjuk                                In the AGMS, the Company appointed independent parties
pihak independen untuk melakukan penghitungan kuorum                            to calculate the Meeting quorum and take the voting, namely
kehadiran Rapat dan pengambilan suara, yaitu Notaris                            Notary Jose Dima Satria SH, MKn, Share Registrar, PT
Jose Dima Satria SH, MKn, dan Biro Administrasi Efek, PT                        Datindo Entrycom.
Datindo Entrycom.


Keputusan RUPST
Resolutions of AGMS

Keputusan RUPST 2023 dituangkan dalam Berita Acara                              The resolutions of the AGMS for the Year 2023 are stated
RUPST PT Asuransi Tugu Pratama Indonesia Tbk No. 122                            in the Minutes of the AGMS of PT Asuransi Tugu Pratama
tanggal 28 April 2023, dibuat dihadapan Notaris Jose Dima                       Indonesia Tbk No. 122 dated 28 April 2023, made before
Satria SH, MKn.                                                                 Notary Jose Dima Satria SH, MKn.



    1                             Persetujuan Laporan Tahunan Tahun Buku 2022 disertai Pemberian Pelunasan dan Pembebasan Tanggung Jawab
                                  Sepenuhnya (Volledig acquit et de-charge) kepada Direksi dan Dewan Komisaris Perseroan.
 Mata Acara Pertama               Approval of the Annual Report for the 2022 Fiscal Year accompanied by Full Repayment and Release of
 First Agenda                     Responsibility (Volledig acquit et de-charge) to the Company's Directors and Board of Commissioners.
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                                Abstain                             Tidak Setuju
                                                   Agree                                 Abstain                               Disagree
                                      1.501.632.348 suara atau             479.520 suara atau 0,0319223%           35.200 suara atau 0,0023433%
                                   99,9657344% dari seluruh saham           dari seluruh saham dengan hak          dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam        suara yang hadir dalam Rapat.           suara yang hadir dalam Rapat.
                                                Rapat.
                                                                           479,520 votes or 0.0319223% of         35,200 votes or 0.0023433% of all
                                        1,501,632,348 votes or            all shares with voting rights present   shares with voting rights present at
                                    99.9657344% of all shares with                   at the Meeting.                         the Meeting.
                                  voting rights present at the Meeting.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023           213
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              Performance Review       Management Report                   Company Profile                   Management Discussion and Analysis




      Keputusan Rapat              1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas Pengawasan Dewan Komisaris serta
      Meeting Resolutions             mengesahkan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir 31 Desember
                                      2022, yang tercermin dalam laporan posisi keuangan dan laporan laba rugi dan penghasilan komprehensif
                                      lain Konsolidasian Perseroan beserta penjelasannya yang telah diaudit Kantor Akuntan Publik (KAP) Amir
                                      Abadi Jusuf, Aryanto, Mawar & Rekan sesuai laporan Nomor: 00228/2.1030/AU.1/08/1298-1/1/III/2023
                                      tanggal 28 Maret 2023 dengan pendapat “Wajar dalam semua hal yang material”.
                                   2. Atas telah disetujuinya Laporan Tahunan Perseroan termasuk Laporan Tugas Dewan Komisaris dan
                                      disahkannya Laporan Keuangan Konsolidasian Perseroan untuk Tahun Buku yang berakhir pada tanggal 31
                                      Desember 2022 maka Rapat memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig
                                      acquit et de charge) kepada Direksi dan Dewan Komisaris atas tindakan pengurusan dan pengawasan yang
                                      telah dijalankan selama Tahun Buku yang berakhir pada tanggal 31 Desember 2022, sepanjang:
                                      a. Tindakan-tindakan tersebut tercermin dalam Laporan Tahunan Perseroan (termasuk Laporan Keuangan)
                                           Tahun Buku yang berakhir Desember 2022.
                                      b. Tindakan-tindakan tersebut bukan merupakan tindak pidana dan/atau perbuatan melawan hukum.

                                   1. Approved the Company's Annual Report including the Board of Commissioners' Supervisory Duties Report
                                      and ratified the Company's Consolidated Financial Report for the fiscal year ending 31 December 2022,
                                      which is reflected in the Company's consolidated statement of financial position and income statement
                                      and other comprehensive income along with its explanation which has been audited by the Accounting Firm
                                      Public (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Partners according to report Number: 00228/2.1030/
                                      AU.1/08/1298-1/1/III/2023 dated 28 March 2023 with the opinion " Unqualified Opinion ".
                                   2. Upon approval of the Company's Annual Report including the Board of Commissioners' Duties Report and
                                      ratification of the Company's Consolidated Financial Report for the Fiscal Year ending 31 December 2022,
                                      the Meeting granted full release and discharge of responsibility (volledig acquit et de charge) to the Board of
                                      Directors and Board of Commissioners for management and supervision actions that have been carried out
                                      during the Financial Year ending 31 December 2022, as long as:
                                      a. These actions are reflected in the Company's Annual Report (including Financial Reports) for the Fiscal
                                            Year ending December 2022.
                                      b. These actions are not criminal acts and/or unlawful acts.
      Tindak Lanjut/Realisasi      Keputusan langsung berlaku efektif.
      Follow-up/Realization        The resolution is effective immediately.




          2                        Penetapan Penggunaan Laba Bersih Tahun Buku 2022.
                                   Determination of the Use of Net Profit for the 2022 Fiscal Year.
      Mata Acara Kedua
      Second Agenda
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                    Abstain                             Tidak Setuju
                                                  Agree                                     Abstain                               Disagree
                                      1.502.110.768 suara atau                1.100 suara atau 0,0000732% dari        35.200 suara atau 0,0023433%
                                   99,9975835% dari seluruh saham              seluruh saham dengan hak suara         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam                yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.
                                                                              1,100 votes or 0.0000732% of all       35,200 votes or 0.0023433% of all
                                         1,502,110,768 votes or               shares with voting rights present at   shares with voting rights present at
                                     99.9975835% of all shares with                      the Meeting.                           the Meeting.
                                   voting rights present at the Meeting.




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 Keputusan Rapat                  1. Menetapkan Penggunaan Laba Tahun Berjalan yang dapat diatribusikan kepada pemilik entitas induk
 Meeting Resolutions                 Perseroan Tahun Buku yang berakhir 31 Desember 2022 sebesar Rp347.150.768.000,00 sebagai berikut:
                                     a. Sebesar 40% dari Laba Tahun Berjalan yang dapat diatribusikan kepada pemilik entitas induk Perseroan
                                         atau sebesar Rp138.860.307.200,00 sebagai dividen kepada Pemegang Saham sesuai dengan porsi
                                         kepemilikan saham pada Perseroan dan dibayarkan secara tunai.
                                     b. Sebesar 60% dari Laba Tahun Berjalan yang dapat diatribusikan kepada pemilik entitas induk Perseroan
                                         atau sebesar Rp208.290.460.800,00 sebagai laba ditahan.
                                  2. Memberikan kuasa dan wewenang kepada Direksi Perseroan untuk mengatur tata cara pembayaran dividen
                                     tunai dimaksud selambat-lambatnya 30 hari setelah ditetapkan dalam RUPS Tahunan Perseroan ini.

                                  1. Determined the use of current year profits attributable to the owners of the Company's parent entity for the
                                     fiscal year ending 31 December 2022 amounting to IDR347,150,768,000.00 as follows:
                                     a. 40% of Profit for the Year attributable to the equity holder of the Company's parent entity or
                                          IDR138,860,307,200.00 as dividends to Shareholders in accordance with the portion of share
                                          ownership in the Company and paid in cash.
                                     b. 60% of Profit for the Year attributable to the equity holder of the Company's parent entity or
                                          IDR208,290,460,800.00 as retained earnings.
                                  2. Granted power and authority to the Company's Directors to regulate the procedures for paying cash dividends
                                     no later than 30 days after being determined at the Company's Annual GMS.
 Tindak Lanjut/Realisasi          Selesai/terlaksana.
 Follow-up/Realization            Completed/realized.



    3                             Penunjukan Kantor Akuntan Publik (KAP) untuk Tahun Buku 2023.
                                  Appointment of a Public Accounting Firm (KAP) for the 2023 Fiscal Year.
 Mata Acara Ketiga
 Third Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                               Abstain                               Tidak Setuju
                                                   Agree                                Abstain                                 Disagree
                                      1.501.126.304 suara atau            1.100 suara atau 0,0000732% dari        1.019.664 suara atau 0,0678804%
                                   99,9320463% dari seluruh saham          seluruh saham dengan hak suara           dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam            yang hadir dalam Rapat.              suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,501,126,304 votes or            1,100 votes or 0.0000732% of all        1,019,664 votes or 0.0678804% of
                                    99.9320463% of all shares with        shares with voting rights present at    all shares with voting rights present
                                  voting rights present at the Meeting.              the Meeting.                            at the Meeting.
 Keputusan Rapat                  Memberikan pelimpahan kewenangan dan kuasa kepada Dewan Komisaris Perseroan untuk menetapkan Kantor
 Meeting Resolutions              Akuntan Publik (KAP) dalam melakukan pemeriksaan atas Laporan Keuangan Perseroan untuk tahun buku yang
                                  berakhir pada tanggal 31 Desember 2023 berikut besaran nilai jasanya, sesuai ketentuan dan peraturan yang
                                  berlaku, termasuk menunjuk KAP pengganti bilamana karena sebab apapun juga berdasarkan ketentuan pasar
                                  modal di Indonesia apabila KAP yang ditunjuk tidak dapat melakukan tugasnya, dengan kriteria bahwa KAP
                                  tersebut terdaftar di Otoritas Jasa Keuangan, dengan terlebih dahulu berkoordinasi kepada Pemegang Saham
                                  Pengendali, dalam hal ini PT Pertamina (Persero).

                                  Granted delegation of authority and power to the Company's Board of Commissioners to appoint a Public
                                  Accounting Firm (KAP) to carry out audits of the Company's Financial Statements for the fiscal year ending 31
                                  December 2023 along with the amount of its services, in accordance with applicable rules and regulations,
                                  including appointing a replacement KAP if for whatever reason, based on capital market regulations in Indonesia,
                                  the appointed KAP is unable to carry out its duties, with the criteria that the KAP is registered with the Financial
                                  Services Authority, by first coordinating with the Controlling Shareholder, in this case PT Pertamina (Persero).
 Tindak Lanjut/Realisasi          Selesai/terlaksana melalui Surat Keputusan Dewan Komisaris No. 54/S/KOM-ATPI/VIII/2023.
 Follow-up/Realization            Completed/implemented through Board of Commissioners Decree No. 54/S/KOM-ATPI/VIII/2023.




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      1       Kilas Kinerja        2   Laporan Manajemen              3    Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                   Company Profile                   Management Discussion and Analysis




          4                        Penetapan Penghargaan atas Kinerja (Tantiem) Tahun 2022 kepada Direksi dan Dewan Komisaris, serta
                                   Penetapan Remunerasi tahun 2023 kepada Direksi, Dewan Komisaris, dan Dewan Pengawas Syariah (DPS).
      Mata Acara Keempat           Determination of Performance Awards (Tantiem) for 2022 for the Directors and Board of Commissioners, as well
      Fourth Agenda                as Determination of Remuneration for 2023 for the Directors, Board of Commissioners and Sharia Supervisory
                                   Board (DPS).
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                    Abstain                             Tidak Setuju
                                                  Agree                                     Abstain                               Disagree
                                      1.502.110.768 suara atau                1.100 suara atau 0,0000732% dari        35.200 suara atau 0,0023433%
                                   99,9975835% dari seluruh saham              seluruh saham dengan hak suara         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam                yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.

                                         1,502,110,768 votes or               1,100 votes or 0.0000732% of all       35,200 votes or 0.0023433% of all
                                     99.9975835% of all shares with           shares with voting rights present at   shares with voting rights present at
                                   voting rights present at the Meeting.                 the Meeting.                           the Meeting.
      Keputusan Rapat              1. Tantiem
      Meeting Resolutions             Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan dengan terlebih dahulu mendapat
                                      persetujuan Pemegang Saham Perseroan yaitu PT Pertamina (Persero) sebagai Pemegang Saham pengendali
                                      untuk menetapkan Tantiem bagi anggota Direksi dan Dewan Komisaris Perseroan untuk Tahun Buku 2022.
                                   2. Remunerasi
                                      Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan dengan terlebih dahulu mendapat
                                      persetujuan Pemegang Saham Perseroan yaitu PT Pertamina (Persero) sebagai Pemegang Saham pengendali
                                      untuk menetapkan besarnya gaji/honorarium, tunjangan dan fasilitas bagi anggota Direksi, Dewan Komisaris
                                      dan Dewan Pengawas Syariah untuk tahun 2023.

                                   1. Tantiem
                                      Grant power and authority to the Company's Board of Commissioners by first obtaining approval from the
                                      Company's Shareholders, namely PT Pertamina (Persero) as the controlling Shareholder, to determine the
                                      Tantiem for members of the Company's Board of Directors and Board of Commissioners for the 2022 Fiscal
                                      Year.
                                   2. Remuneration
                                      Grant power and authority to the Company's Board of Commissioners by first obtaining approval from the
                                      Company's Shareholders, namely PT Pertamina (Persero) as the controlling Shareholder, to determine the
                                      amount of salary/remuneration, allowances and facilities for members of the Board of Directors, Board of
                                      Commissioners and Sharia Supervisory Board for 2023.
      Tindak Lanjut/Realisasi      Keputusan langsung berlaku efektif.
      Follow-up/Realization        The resolution is effective immediately.




216       LAPORAN TAHUNAN 2023                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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5       Tata Kelola Perusahaan           6   Tanggung Jawab Sosial Perusahaan                7   Laporan Keuangan
        Corporate Governance                 Corporate Social Responsibility                     Audited Report




    5                             Persetujuan Laporan Pertanggungjawaban Realisasi Penggunaan Dana Hasil Penawaran Umum.
                                  Approval of the Accountability Report on the Realization of Use of Public Offering Proceeds.
 Mata Acara Kelima
 Fifth Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                                  Abstain                              Tidak Setuju
                                                   Agree                                   Abstain                                Disagree
                                      1.502.110.768 suara atau               1.100 suara atau 0,0000732% dari        35.200 suara atau 0,0023433%
                                   99,9975835% dari seluruh saham             seluruh saham dengan hak suara         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam               yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,502,110,768 votes or               1,100 votes or 0.0000732% of all       35,200 votes or 0.0023433% of all
                                    99.9975835% of all shares with           shares with voting rights present at   shares with voting rights present at
                                  voting rights present at the Meeting.                 the Meeting.                           the Meeting.
 Keputusan Rapat                  Menyetujui Laporan Pertanggungjawaban Realisasi Penggunaan Dana Hasil Penawaran Umum:
 Meeting Resolutions              1. Seluruh dana yang telah diperoleh sebesar Rp684.444.530.000,00.
                                  2. Jumlah biaya yang telah dikeluarkan dalam rangka pelaksanaan penawaran umum Rp25.742.358.837,00.
                                  3. Dana yang telah direalisasikan dan peruntukannya sejumlah Rp586.091.519.814,10.
                                  4. Dana yang masih tersisa Rp72.610.651.348,90 dan alasan belum terealisasikan adalah bahwa semua
                                     kegiatan yang tercantum dalam prospektus dilakukan secara bertahap.

                                  Approve the Accountability Report on the Realization of Use of Public Offering Proceeds:
                                  1. All funds obtained amount to IDR684,444,530,000.00.
                                  2. The total costs incurred in carrying out the public offering IDR25,742,358,837.00.
                                  3. Funds that have been realized and their allocation amount to IDR586,091,519,814.10.
                                  4. The remaining funds are IDR72,610,651,348.90 and the reason it has not been realized is that all activities
                                      listed in the prospectus are carried out in stages.
 Tindak Lanjut/Realisasi          Keputusan langsung berlaku efektif.
 Follow-up/Realization            The resolution is effective immediately.



    6                             Pemberian Kuasa Kepada Dewan Komisaris Untuk Peningkatan Modal Dalam Rangka Pelaksanaan Program
                                  Management Employee Stock Option Plan (MESOP).
 Mata Acara Keenam                Granting of Power to the Board of Commissioners to Increase Capital in the Context of Implementing the
 Sixth Agenda                     Management Employee Stock Option Plan (MESOP) Program.
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                                  Abstain                              Tidak Setuju
                                                   Agree                                   Abstain                                Disagree
                                      1.496.755.201 suara atau               1.100 suara atau 0,0000732% dari       5.390.767 suara atau 0,3588708%
                                   99,6410560% dari seluruh saham             seluruh saham dengan hak suara          dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam               yang hadir dalam Rapat.             suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,496,755,201 votes or               1,100 votes or 0.0000732% of all       5,390,767 votes or 0.3588708% of
                                    99.6410560% of all shares with           shares with voting rights present at   all shares with voting rights present
                                  voting rights present at the Meeting.                 the Meeting.                           at the Meeting.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                        ANNUAL REPORT 2023            217
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      1       Kilas Kinerja        2   Laporan Manajemen             3     Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                   Company Profile                 Management Discussion and Analysis




      Keputusan Rapat              1. Memberikan kewenangan kepada Dewan Komisaris untuk melakukan dan melaksanakan semua dan setiap
      Meeting Resolutions             tindakan atau perbuatan yang disyaratkan oleh peraturan perundang-undangan yang berlaku, Anggaran Dasar
                                      Perseroan, atau yang dipandang perlu dalam rangka melaksanakan MESOP.
                                   2. Memberikan kuasa kepada Direksi Perseroan dengan hak substitusi, untuk menyatakan dalam Akta Notaris
                                      tersendiri untuk setiap adanya perubahan permodalan terkait MESOP, yang selanjutnya dilakukan tindakan-
                                      tindakan yang disyaratkan oleh peraturan perundang-undangan yang berlaku.

                                   1. Grant the authority to the Board of Commissioners to carry out and implement all and every action or deed
                                      required by applicable laws and regulations, the Company’s Articles of Association, or as deemed necessary,
                                      in order to implement the MESOP.
                                   2. Grant the authority to the Company's Board of Directors with the right of substitution, to declare in a separate
                                      Notarial Deed, any changes in capital related to the MESOP, after which the actions required by the applicable
                                      laws and regulations are carried out.
      Tindak Lanjut/Realisasi      Selesai/terlaksana.
      Follow-up/Realization        Completed/realized.



          7                        Persetujuan Pemecahan Nilai Nominal Saham.
                                   Approval of the Split of the Nominal Value of Stocks.
      Mata Acara Ketujuh
      Seventh Agenda
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                   Abstain                            Tidak Setuju
                                                  Agree                                    Abstain                              Disagree
                                      1.502.110.768 suara atau             1.100 suara atau 0,0000732% dari         35.200 suara atau 0,0023433%
                                   99,9975835% dari seluruh saham           seluruh saham dengan hak suara          dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam             yang hadir dalam Rapat.             suara yang hadir dalam Rapat.
                                                Rapat

                                         1,502,110,768 votes or             1,100 votes or 0.0000732% of all       35,200 votes or 0.0023433% of all
                                     99.9975835% of all shares with         shares with voting rights present at   shares with voting rights present at
                                   voting rights present at the Meeting.               the Meeting.                           the Meeting.
      Keputusan Rapat              Menyetujui pemecahan nominal saham Perseroan (“Stock Split”) dengan rasio 1:2, sehingga nilai nominal saham
      Meeting Resolutions          Perseroan yang semula adalah Rp100,-/lembar saham akan menjadi Rp50,-/lembar saham.
                                   Approved the split of the nominal shares of the Company ("Stock Split") with a ratio of 1:2, so that the nominal
                                   value of the Company's shares which was originally IDR100,-/share will become IDR50,-/share.
      Tindak Lanjut/Realisasi      Selesai/terlaksana. Pemecahan saham TUGU efektif pada 24 Mei 2023.
      Follow-up/Realization        Completed/implemented. The stock split of TUGU is effective on 24 May 2023.




218       LAPORAN TAHUNAN 2023                                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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5       Tata Kelola Perusahaan           6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
        Corporate Governance                 Corporate Social Responsibility                  Audited Report




    8                             Persetujuan Perubahaan Anggaran Dasar Perseroan.
                                  Approval of Amendments to the Company's Articles of Association.
 Mata Acara Kedelapan
 Eighth Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                               Abstain                             Tidak Setuju
                                                   Agree                                Abstain                               Disagree
                                      1.502.110.768 suara atau            1.100 suara atau 0,0000732% dari        35.200 suara atau 0,0023433%
                                   99,9975835% dari seluruh saham          seluruh saham dengan hak suara         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam            yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,502,110,768 votes or            1,100 votes or 0.0000732% of all       35,200 votes or 0.0023433% of all
                                    99.9975835% of all shares with        shares with voting rights present at   shares with voting rights present at
                                  voting rights present at the Meeting.              the Meeting.                           the Meeting.
 Keputusan Rapat                  1. Menyetujui Perubahan Anggaran Dasar Pasal 4 ayat (1) dan ayat (2) Perseroan dalam rangka pemecahan nilai
 Meeting Resolutions                 nominal saham Perseroan.
                                  2. Menyetujui untuk menyusun kembali seluruh ketentuan dalam Anggaran Dasar sehubungan dengan
                                     perubahan sebagaimana dimaksud dalam butir (1) keputusan tersebut di atas.
                                  3. Memberikan kuasa dan wewenang kepada Direksi dengan hak substitusi untuk melakukan segala tindakan
                                     yang diperlukan, berkaitan dengan keputusan mata acara Rapat ini, dan menyatakan kembali seluruh
                                     perubahan Anggaran Dasar dalam akta Notaris, dan menyampaikan kepada instansi yang berwenang untuk
                                     mendapatkan persetujuan dan/atau tanda penerimaan perubahan Anggaran Dasar.

                                  1. Approved amendment to the Company's Articles of Association Article 4 paragraph (1) and paragraph (2) in
                                     the context of splitting the nominal value of the Company's shares.
                                  2. Agreed to re-arrange all provisions in the Articles of Association in connection with the changes as intended
                                     in point (1) of the decision above.
                                  3. Granted power and authority to the Board of Directors with the right of substitution to carry out all necessary
                                     actions, relating to the decisions on the agenda of this Meeting, and restate all changes to the Articles of
                                     Association in a Notarial deed, and submit them to the authorized agency to obtain approval and/or sign
                                     acceptance of changes to the Articles of Association.
 Tindak Lanjut/Realisasi          Selesai/terlaksana.
 Follow-up/Realization            Completed/realized.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023           219
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      1       Kilas Kinerja        2   Laporan Manajemen             3     Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                   Company Profile                 Management Discussion and Analysis




          9                        Persetujuan Perubahan Susunan Pengurus.
                                   Approval of Changes to the Composition of Management.
      Mata Acara Kesembilan
      Ninth Agenda
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                  Abstain                              Tidak Setuju
                                                  Agree                                   Abstain                                Disagree
                                      1.497.382.701 suara atau             1.100 suara atau 0,0000732% dari        4.763.267 suara atau 0,3170972%
                                   99,6828295% dari seluruh saham           seluruh saham dengan hak suara           dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam             yang hadir dalam Rapat.              suara yang hadir dalam Rapat.
                                                Rapat.

                                         1,497,382,701 votes or             1,100 votes or 0.0000732% of all       4,763,267 votes or 0.3170972% of
                                     99.6828295% of all shares with         shares with voting rights present at   all shares with voting rights present
                                   voting rights present at the Meeting.               the Meeting.                           at the Meeting.
      Keputusan Rapat              1. Menyetujui untuk memberhentikan dengan hormat Anggota Direksi, anggota Dewan Komisaris dan anggota
      Meeting Resolutions             Dewan Pengawas Syariah Perseroan yang berakhir masa jabatannya terhitung sejak ditutupnya Rapat Umum
                                      Pemegang Saham ini, dengan ucapan terima kasih atas segala sumbangan tenaga dan pikiran yang diberikan
                                      selama menjabat, sebagai berikut:
                                      • Sdr. Adi Zakaria Afiff sebagai Komisaris Independen;
                                      • Sdr. Jafril Khalil sebagai Ketua Dewan Pengawas Syariah;
                                      • Sdr. Muhammad Maksum sebagai Dewan Pengawas Syariah;
                                      • Sdr. Syaiful Azhar sebagai Direktur Teknik; dan
                                      • Sdr. Budi P. Amir sebagai Direktur Kepatuhan & Manajemen Risiko.
                                   2. Menyetujui Pengunduran diri Sdri. Amelia Kurniawan sebagai Komisaris Perseroan terhitung sejak ditutupnya
                                      RUPS ini, dengan ucapan terima kasih atas segala sumbangan tenaga dan pikiran yang diberikan selama
                                      menjabat sebagai Komisaris Perseroan.
                                   3. Menyetujui pengangkatan kembali anggota Dewan Komisaris dan Direksi Perseroan terhitung sejak ditutupnya
                                      RUPS ini sampai dengan penutupan RUPS Tahunan ke-3 (ketiga) pada akhir 1 (satu) periode masa jabatan
                                      dimaksud dengan memperhatikan peraturan perundang-undangan di bidang Pasar Modal, namun demikian
                                      tidak mengurangi hak RUPS untuk memberhentikan anggota Dewan Komisaris dan anggota Direksi tersebut
                                      sewaktu-waktu sebelum masa jabatannya berakhir, sebagai berikut:
                                      • Sdr. Poerwo Tjahjono sebagai Komisaris Independen; dan
                                      • Sdr. Ery Widiatmoko sebagai Direktur Pemasaran Asuransi.
                                   4. Mengusulkan pengangkatan Anggota Dewan Komisaris, Dewan Pengawas Syariah, dan Direksi terhitung
                                      efektif sejak tanggal ditetapkannya Hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan
                                      (OJK) dan berakhir pada penutupan RUPS Tahunan ke-3 (ketiga) pada akhir 1 (satu) periode masa jabatan
                                      dimaksud dengan memperhatikan peraturan perundang-undangan di bidang Pasar Modal, namun demikian
                                      tidak mengurangi hak RUPS untuk memberhentikan anggota Dewan Komisaris, Dewan Pengawas Syariah, dan
                                      Direksi tersebut sewaktu–waktu sebelum masa jabatannya berakhir, sebagai berikut:
                                      • Sdr. Samuel Lie sebagai Komisaris;
                                      • Sdr. Tajudin Noor sebagai Komisaris Independen;
                                      • Sdr. Muhammad Maksum sebagai Ketua Dewan Pengawas Syariah;
                                      • Sdri. Siti Hannah sebagai Dewan Pengawas Syariah;
                                      • Sdr. Sudarlin sebagai Direktur Teknik; dan
                                      • Sdr. Edi Yoga Prasetyo sebagai Direktur Kepatuhan & Manajemen Risiko.
                                   5. Dalam hal anggota Direksi, anggota Dewan Komisaris, dan anggota Dewan Pengawas Syariah yang diangkat
                                      tersebut masih menjabat pada jabatan lain yang dilarang oleh peraturan perundang-undangan untuk
                                      dirangkap dengan jabatan Direksi, anggota Dewan Komisaris dan anggota Dewan Pengawas Syariah, maka
                                      yang bersangkutan harus mengundurkan diri atau diberhentikan dari jabatannya tersebut.




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    Corporate Governance                     Corporate Social Responsibility               Audited Report




                                  6. Dengan adanya pengunduran diri, pengangkatan, dan pemberhentian anggota Direksi, anggota Dewan
                                     Komisaris, dan anggota Dewan Pengawas Syariah di atas, maka susunan keanggotaan Direksi, Dewan
                                     Komisaris, dan Dewan Pengawas Syariah PT Asuransi Tugu Pratama Indonesia Tbk menjadi sebagai berikut:

                                         DEWAN KOMISARIS
                                         Presiden Komisaris/Komisaris Independen : Dian Masyita
                                         Komisaris				: Samuel Lie*
                                         Komisaris				                           : Bagus Agung Rahadiansyah*
                                         Komisaris Independen			                 : Poerwo Tjahjono
                                         Komisaris Independen			                 : Tajudin Noor*

                                         DEWAN PENGAWAS SYARIAH
                                         Ketua					: Muhammad Maksum
                                         Anggota				: Siti Hannah*

                                         DIREKSI
                                         Presiden Direktur				                  : Tatang Nurhidayat
                                         Direktur Teknis				: Sudarlin*
                                         Direktur Kepatuhan & Manajemen Risiko  : Edi Yoga Prasetyo*
                                         Direktur Keuangan & Layanan Korporat		 : Emil Hakim
                                         Direktur Pemasaran Asuransi		          : Ery Widiatmoko

                                         *) Menunggu penetapan hasil penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK)

                                  Memberikan kuasa dengan hak substitusi kepada Direksi PT Asuransi Tugu Pratama Indonesia Tbk untuk
                                  melakukan segala tindakan yang diperlukan berkaitan dengan keputusan Mata Acara ini sesuai dengan
                                  peraturan perundang-undangan yang berlaku, termasuk untuk menyatakan dalam Akta Notaris tersendiri dan
                                  memberitahukan perubahan susunan Direksi, Dewan Komisaris, dan Dewan Pengawas Syariah PT Asuransi Tugu
                                  Pratama Indonesia Tbk kepada Kementerian Hukum dan HAM.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                               ANNUAL REPORT 2023      221
Page 224
      1   Kilas Kinerja          2   Laporan Manajemen             3   Profil Perusahaan            4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report                 Company Profile                  Management Discussion and Analysis




                                 1. Approved to respectfully dismiss members of the Board of Directors, members of the Board of
                                    Commissioners and members of the Company's Sharia Supervisory Board whose term of office ends as of
                                    the closing of this General Meeting of Shareholders, with a gratitude for all the contributions of energy and
                                    thoughts given during their tenure, to these following people:
                                    • Mr. Adi Zakaria Afiff as Independent Commissioner;
                                    • Mr. Jafril Khalil as Chairperson of the Sharia Supervisory Board;
                                    • Mr. Muhammad Maksum as Sharia Supervisory Board;
                                    • B Mr. Syaiful Azhar as Technical Director; and
                                    • Mr. Budi P. Amir as Director of Compliance & Risk Management.
                                 2. Approved the resignation of Ms. Amelia Kurniawan as Commissioner of the Company as of the closing of this
                                    GMS, with a gratitude for all the contributions of energy and thoughts given while serving as Commissioner of
                                    the Company.
                                 3. Approved the re-appointment of members of the Board of Commissioners and Directors of the Company
                                    starting from the closing of this GMS until the closing of the 3rd (third) Annual GMS at the end of 1 (one)
                                    period of office in question, taking into account the laws and regulations in the Capital Market sector without
                                    reducing the right of the GMS to dismiss members of the Board of Commissioners and members of the Board
                                    of Directors at any time before their term of office ends:
                                    • Mr. Poerwo Tjahjono as Independent Commissioner; and
                                    • Mr. Ery Widiatmoko as Director of Insurance Marketing.
                                 4. Proposed the appointment of members of the Board of Commissioners, Sharia Supervisory Board and Board
                                    of Directors effective from the date of the Financial Services Authority (OJK) Fit and Proper Test Results
                                    and ending at the closing of the 3rd (third) Annual GMS at the end of 1 (one) period. The said position takes
                                    into account statutory regulations in the Capital Market sector, without reducing the GMS's right to dismiss
                                    members of the Board of Commissioners, Sharia Supervisory Board and Directors at any time before their
                                    term of office ends:
                                    • Mr. Samuel Lie as Commissioner;
                                    • Mr. Tajudin Noor as Independent Commissioner;
                                    • Mr. Muhammad Maksum as Chairperson of the Sharia Supervisory Board;
                                    • Ms. Siti Hannah as Sharia Supervisory Board;
                                    • Mr. Sudarlin as Technical Director; and
                                    • Mr. Edi Yoga Prasetyo as Director of Compliance & Risk Management.
                                 5. In the event that the appointed members of the Board of Directors, members of the Board of Commissioners
                                    and members of the Sharia Supervisory Board are still serving in other positions which are prohibited by
                                    statutory regulations from concurrently holding the positions of Directors, then the members of the Board of
                                    Commissioners and members of the Sharia Supervisory Board must resign or be dismissed from his position.
                                 6. With the resignation, appointment and dismissal of members of the Board of Directors, members of the
                                    Board of Commissioners and members of the Sharia Supervisory Board above, the membership composition
                                    of the Board of Directors, Board of Commissioners and Sharia Supervisory Board of PT Asuransi Tugu
                                    Pratama Indonesia Tbk will be as follows:
                                     BOARD OF COMMISSIONERS
                                     President Commissioner/Independent Commissioner : Dian Masyita
                                     Commissioner					: Samuel Lie*
                                     Commissioner					: Bagus Agung Rahadiansyah*
                                     Independent Commissioner				                    : Poerwo Tjahjono
                                     Independent Commissioner				                    : Tajudin Noor*

                                     SHARIA SUPERVISORY BOARD
                                     Chairman					: Muhammad Maksum
                                     Member					: Siti Hannah*

                                     BOARD OF DIRECTORS
                                     President Director				                  : Tatang Nurhidayat
                                     Technical Director					: Sudarlin*
                                     Compliance & Risk Management Director		 : Edi Yoga Prasetyo*
                                     Finance & Corporate Service Director			 : Emil Hakim
                                     Insurance Marketing Director			         : Ery Widiatmoko

                                     *) Waiting for the results of the Financial Services Authority (OJK) Fit and Proper Test to be determined

                                 Granted authority with the right of substitution to the Directors of PT Asuransi Tugu Pratama Indonesia Tbk to
                                 carry out all necessary actions related to the decisions on this Agenda in accordance with applicable laws and
                                 regulations, including to declare in a separate Notarial Deed, and notify changes in the composition of the Board
                                 of Directors, Board of Commissioners, and the Sharia Supervisory Board of PT Asuransi Tugu Pratama Indonesia
                                 Tbk to the Ministry of Law and Human Rights.




222       LAPORAN TAHUNAN 2023                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
Page 225
5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan           7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                Audited Report




 Tindak Lanjut/Realisasi          Sdr. Bagus Agung Rahadiansyah dinyatakan memenuhi persyaratan untuk menjadi Komisaris Perseroan oleh OJK
 Follow-up/Realization            pada tanggal 23 Juni 2023, sehingga pengangkatan Sdr. Bagus Agung Rahadiansyah sebagai Komisaris terhitung
                                  efektif sejak 23 Juni 2023 yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 118 tanggal 25 Juli
                                  2023 yang dibuat di hadapan notaris Jose Dima Satria, SH, MKn.

                                  Sdr. Sudarlin dinyatakan memenuhi persyaratan untuk menjadi Direktur Teknik Perseroan oleh OJK pada tanggal
                                  30 Oktober 2023, sehingga pengangkatan Sdr. Sudarlin sebagai Direktur Teknik terhitung efektif sejak 30 Oktober
                                  2023 yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 55 tanggal 9 November 2023 dibuat di
                                  hadapan notaris Jose Dima Satria, SH, MKn.

                                  Sdr. Samuel Lie/Samuel Ramna dinyatakan memenuhi persyaratan untuk menjadi Komisaris Perseroan oleh OJK
                                  pada tanggal 4 Desember 2023, sehingga pengangkatan Sdr. Samuel Lie/Samuel Ramna sebagai Komisaris
                                  terhitung efektif sejak 4 Desember 2023, yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 49
                                  tanggal 11 Januari 2024 dibuat di hadapan notaris Jose Dima Satria, SH, MKn.

                                  Sdr. Edi Yoga Prasetyo dinyatakan memenuhi persyaratan untuk menjadi Direktur Kepatuhan & Manajemen Risiko
                                  Perseroan oleh OJK pada tanggal 18 Januari 2024, sehingga pengangkatan Sdr. Edi Yoga Prasetyo sebagai
                                  Direktur Kepatuhan & Manajemen Risiko terhitung efektif sejak 18 Januari 2024, yang dituangkan dalam Akta
                                  Pernyataan Keputusan Rapat No. 1 tanggal 1 Februari 2024 dibuat di hadapan notaris Jose Dima Satria, SH,
                                  MKn.

                                  Sdr. Tajudin Noor dinyatakan memenuhi persyaratan untuk menjadi Komisaris Independen Perseroan oleh OJK
                                  pada tanggal 18 Januari 2024, sehingga pengangkatan Tajudin Noor sebagai Komisaris Independen terhitung
                                  efektif sejak 18 Januari 2024, yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 1 tanggal 1 Februari
                                  2024 dibuat di hadapan notaris Jose Dima Satria, SH, MKn.

                                  Sdri. Siti Hannah dinyatakan memenuhi persyaratan untuk menjadi anggota Dewan Pengawas Syariah Perseroan
                                  oleh OJK pada tanggal 17 Januari 2024, sehingga pengangkatan Siti Hannah sebagai anggota Dewan Pengawas
                                  Syariah terhitung efektif sejak 17 Januari 2024 yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 1
                                  tanggal 1 Februari 2024 dibuat di hadapan notaris Jose Dima Satria, SH, MKn.


                                  Mr. Bagus Agung Rahadiansyah was declared to have met the requirements to become a Company Commissioner
                                  by the OJK on 23 June 2023, so the appointment of Mr. Bagus Agung Rahadiansyah as Commissioner is effective
                                  from 23 June 2023 as stated in the Deed of Meeting Decision Statement No. 118 dated 25 July 2023 made
                                  before notary Jose Dima Satria, SH, MKn.

                                  Mr. Sudarlin was declared to have fulfilled the requirements to become the Company's Technical Director by the
                                  OJK on 30 October 2023, so the appointment of Mr. Sudarlin as Technical Director is effective from 30 October
                                  2023 as stated in the Deed of Meeting Decision Statement No. 55 dated 9 November 2023 made before notary
                                  Jose Dima Satria, SH, MKn.

                                  Mr. Samuel Lie/Samuel Ramna was declared to have met the requirements to become a Company Commissioner
                                  by the OJK on 4 December 2023, thus the appointment of Mr. Samuel Lie/Samuel Ramna as Commissioner is
                                  effective as of 4 December 2023, as set forth in Deed of Meeting Resolution No. 49 dated 11 January 2024
                                  made before notary Jose Dima Satria, SH, MKn.

                                  Mr. Edi Yoga Prasetyo was determined to be qualified to become the Company's Compliance & Risk Management
                                  Director by OJK on 18 January 2024, thus the appointment of Mr. Edi Yoga Prasetyo as Director of Compliance &
                                  Risk Management is effective as of 18 January 2024, as stated in the Deed of Meeting Resolution No. 1 dated 1
                                  February 2024 made before notary Jose Dima Satria, SH, MKn.

                                  Mr. Tajudin Noor was determined to be qualified to become Independent Commissioner of the Company by OJK on
                                  18 January 2024, and thus the appointment of Mr. Tajudin Noor as Independent Commissioner is effective from
                                  18 January 2024, as stated in the Deed of Meeting Resolution No. 1 dated 1 February 2024 made before notary
                                  Jose Dima Satria, SH, MKn.

                                  Mrs. Siti Hannah was determined to be qualified to become a member of the Company's Sharia Supervisory
                                  Board by OJK on 17 January 2024, thus Siti Hannah's appointment as a member of the Sharia Supervisory Board
                                  was effective from 17 January 2024 as stated in the Deed of Meeting Resolution No. 1 dated 1 February 2024
                                  made before notary Jose Dima Satria, SH, MKn.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023          223
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      1       Kilas Kinerja        2   Laporan Manajemen              3   Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                  Company Profile                   Management Discussion and Analysis




  Informasi tentang Keputusan RUPST Sebelumnya dan Realisasinya
  Information on Resolution and Realization of Prior AGMS

  Keputusan RUPST Tahun untuk Buku 2022 dituangkan                             The resolutions of the AGMS for the 2022 Fiscal Year are
  dalam Berita Acara RUPS Tahunan PT Asuransi Tugu Pratama                     stated in the Minutes of the Annual GMS of PT Asuransi Tugu
  Indonesia Tbk No. 51 tanggal 17 Mei 2022 dari Notaris Jose                   Pratama Indonesia Tbk No. 51 dated 17 May 2022 from
  Dima Satria, S.H, M.Kn. di Jakarta.                                          Notary Jose Dima Satria, S.H, M.Kn., Notary in Jakarta.


          1                        Persetujuan Laporan Tahunan Tahun Buku 2021 Perseroan disertai pemberian pelunasan dan pembebasan
                                   tanggung jawab sepenuhnya (volledig acquit et decharge) kepada Direksi dan Dewan Komisaris Perseroan.
      Mata Acara Pertama           Approval of the Company's 2021 Fiscal Year Annual Report complemented by the granting of full settlement and
      First Agenda                 discharge (volledig acquit et decharge) to the Company's Board of Directors and Board of Commissioners.
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                   Abstain                               Tidak Setuju
                                                  Agree                                    Abstain                                 Disagree
                                      1.416.125.200 suara atau                121.600 suara atau 0,0085858%            47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham              dari seluruh saham dengan hak           dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam           suara yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or                 121,600 votes or 0.0085858%            47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with              of all shares with voting rights       shares with voting rights attended
                                   voting rights attended the Meeting.              attended the Meeting.                        the Meeting.
      Keputusan Rapat              1. Menyetujui Laporan Tahunan Perseroan termasuk Laporan Tugas Pengawasan Dewan Komisaris serta
      Meeting Resolutions             mengesahkan Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir 31 Desember
                                      2021, yang tercermin dalam laporan posisi keuangan dan laporan laba rugi dan penghasilan komprehensif
                                      lain konsolidasian Perseroan beserta penjelasannya yang telah diaudit oleh Kantor Akuntan Publik
                                      (KAP) Purwantono, Sungkoro & Surja (firma anggota Ernst & Young Global Limited) sesuai laporan No.
                                      01170/2.1032/AU.1/08/0240-3/1/V/2022 tanggal 9 Mei 2022 dengan pendapat “Wajar dalam semua hal
                                      yang material”.
                                   2. Atas telah disetujuinya Laporan Tahunan Perseroan termasuk Laporan Tugas Dewan Komisaris dan
                                      disahkannya Laporan Keuangan Konsolidasian Perseroan untuk tahun buku yang berakhir pada tanggal 31
                                      Desember 2021 maka Rapat memberikan pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig
                                      acquit et de charge) kepada Direksi dan Dewan Komisaris atas tindakan pengurusan dan pengawasan yang
                                      telah dilakukan dalam tahun buku yang berakhir tanggal 31 Desember 2021 sepanjang:
                                      a. Tindakan-tindakan tersebut tercermin dalam Laporan Tahunan Perseroan (termasuk Laporan Keuangan)
                                           tahun buku yang berakhir 31 Desember 2021.
                                      b. Tindakan-tindakan tersebut bukan merupakan tindak pidana dan/atau perbuatan melawan hukum.

                                   1. Approve the Company’s Annual Report including the Supervisory Report of the Board of Commissioners and
                                      ratified the Company’s Consolidated Financial Statements for the fiscal year ending on 31 December 2021,
                                      which are reflected in the statement of financial position and the consolidated statements of profit and loss
                                      and other comprehensive income of the Company and its explanations which have been audited by the Public
                                      Accounting Firm (KAP) of Purwantono, Sungkoro & Surja in accordance with report No. 01170/2.1032/
                                      AU.1/08/0240-3/1/V/2022 dated 9 May 2022 with the opinion “Unqualified Opinion”.
                                   2. Upon the approval of the Company's Annual Report including the Duties Report of the Board of
                                      Commissioners and the ratification of the Company's Consolidated Financial Statements for the fiscal year
                                      ending on 31 December 2021, the Meeting granted full discharge of responsibilities (volledig acquit et de
                                      charge) to the Board of Directors and the Board of Commissioners for management and supervision actions
                                      that have been carried out during the fiscal year ending on 31 December 2021, to the extent:
                                      a. That such actions are reflected in the Annual Report of the Company (including Financial Statements) for
                                            the fiscal year ending on 31 December 2021.
                                      b. That such actions are not criminal acts and/or unlawful acts.
      Tindak Lanjut/Realisasi      Keputusan langsung berlaku efektif.
      Follow-up/Realization        The resolution is effective immediately.




224       LAPORAN TAHUNAN 2023                                                                                     PT Asuransi Tugu Pratama Indonesia Tbk
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5       Tata Kelola Perusahaan           6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
        Corporate Governance                 Corporate Social Responsibility                   Audited Report




    2                             Penetapan Penggunaan Laba Bersih Tahun Buku 2021.
                                  Determination of the Appropriation of 2021 Net Profit.
 Mata Acara Kedua
 Second Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                               Abstain                              Tidak Setuju
                                                   Agree                                Abstain                                Disagree
                                      1.416.125.200 suara atau             121.600 suara atau 0,0085858%           47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham           dari seluruh saham dengan hak          dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam        suara yang hadir dalam Rapat.           suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or              121,600 votes or 0.0085858%           47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with           of all shares with voting rights      shares with voting rights attended
                                   voting rights attended the Meeting.           attended the Meeting.                       the Meeting.
 Keputusan Rapat                  1. Menetapkan penggunaan laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk
 Meeting Resolutions                 Perseroan tahun buku yang berakhir 31 Desember 2021 sebesar Rp316.480.351.664,- sebagai berikut:
                                     a. Sebesar 40% dari laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk Perseroan
                                         atau sebesar Rp126.592.140.666,- sebagai dividen kepada pemegang saham sesuai dengan porsi
                                         kepemilikan saham pada Perseroan dan dibayarkan secara tunai.
                                     b. Sebesar 60% dari laba tahun berjalan yang dapat diatribusikan kepada pemilik entitas induk Perseroan
                                         atau sebesar Rp189.888.210.998,- sebagai laba ditahan.
                                  2. Memberikan kuasa dan wewenang kepada Direksi Perseroan untuk mengatur tata cara pembayaran dividen
                                     tunai dimaksud selambat-lambatnya 30 hari setelah ditetapkan dalam RUPS Tahunan Perseroan ini.

                                  1. Determine the use of income for the year attributable to equity holder of the Company’s parent entity for the
                                     fiscal year ending on 31 December 2021 totalling IDR316,480,351,664 as follows:
                                     a. 40% of the income for the year attributable to equity holder of the Company’s parent entity or
                                          IDR126,592,140,666 as dividends to shareholders in accordance with the portion of share ownership in
                                          the Company and paid in cash.
                                     b. 60% of income for the year attributable to equity holder of the Company’s parent entity or
                                          IDR189,888,210,998 as retained earnings.
                                  2. Grant the power and authority to the Board of Directors of the Company to regulate the procedure for the
                                     payment of the cash dividends in question no later than 30 days after being determined in this Annual GMS
                                     of the Company.
 Tindak Lanjut/Realisasi          Selesai/terlaksana.
 Follow-up/Realization            Completed/realized.




    3                             Penunjukan Kantor Akuntan Publik (KAP) Perseroan untuk tahun buku 2022.
                                  Appointment of the Company's Public Accounting Firm (KAP) for the 2022 fiscal year.
 Mata Acara Ketiga
 Third Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                               Abstain                              Tidak Setuju
                                                   Agree                                Abstain                                Disagree
                                      1.416.125.200 suara atau             121.600 suara atau 0,0085858%           47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham           dari seluruh saham dengan hak          dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam        suara yang hadir dalam Rapat.           suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or              121,600 votes or 0.0085858%           47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with           of all shares with voting rights      shares with voting rights attended
                                   voting rights attended the Meeting.           attended the Meeting.                       the Meeting.



PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023          225
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      1       Kilas Kinerja        2   Laporan Manajemen               3   Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                   Company Profile                   Management Discussion and Analysis




      Keputusan Rapat              Memberikan pelimpahan kewenangan dan kuasa kepada Dewan Komisaris Perseroan untuk menetapkan Kantor
      Meeting Resolutions          Akuntan Publik (KAP) dalam melakukan pemeriksaan atas Laporan Keuangan Perseroan untuk tahun buku yang
                                   berakhir pada tanggal 31 Desember 2022 berikut besaran nilai jasanya, sesuai ketentuan dan peraturan yang
                                   berlaku, termasuk menunjuk KAP pengganti bilamana karena sebab apapun juga berdasarkan ketentuan pasar
                                   modal di Indonesia apabila KAP yang ditunjuk tidak dapat melakukan tugasnya, dengan kriteria bahwa KAP
                                   tersebut terdaftar di Otoritas Jasa Keuangan, dengan terlebih dahulu mengkomunikasikan kepada Pemegang
                                   Saham Pengendali, dalam hal ini PT Pertamina (Persero).

                                   Grant the authority and power to the Company’s Board of Commissioners to appoint a Public Accounting Firm
                                   (KAP) to conduct an audit of the Company's Financial Statements for the financial year ending on 31 December
                                   2022, along with the amount of its services fee, following applicable rules and regulations, including appointing a
                                   replacement KAP if for any reason based on the provisions of the capital market in Indonesia, the appointed KAP
                                   is unable to carry out its duties, with the criteria that the KAP is registered in Financial Services Authority, by first
                                   communicating to the Controlling Shareholder, in this case, PT Pertamina (Persero).
      Tindak Lanjut/Realisasi      Terlaksana dengan penunjukkan KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan sesuai ketentuan dan Peraturan
      Follow-up/Realization        Perundangan yang berlaku.

                                   Implemented with the appointment of KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan in accordance with the
                                   provisions and prevailing laws and regulations.




          4                        Penetapan penghargaan atas kinerja (tantiem) tahun 2021 kepada Direksi dan Dewan Komisaris, serta
                                   penetapan remunerasi tahun 2022 kepada Direksi, Dewan Komisaris, dan Dewan Pengawas Syariah (DPS).
      Mata Acara Keempat           Determination of the 2021 reward for performance (tantiem) for the Board of Directors and the Board of
      Fourth Agenda                Commissioners, as well as the determination of the 2022 remuneration for the Board of Directors, the Board of
                                   Commissioners, and the Sharia Supervisory Board (DPS).
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                   Setuju                                  Abstain                                Tidak Setuju
                                                   Agree                                   Abstain                                  Disagree
                                      1.416.125.200 suara atau                121.600 suara atau 0,0085858%            47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham              dari seluruh saham dengan hak           dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam           suara yang hadir dalam Rapat.            suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or                 121,600 votes or 0.0085858%            47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with              of all shares with voting rights       shares with voting rights attended
                                   voting rights attended the Meeting.              attended the Meeting.                        the Meeting.
      Keputusan Rapat              1. Tantiem
      Meeting Resolutions             Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan dengan terlebih dahulu mendapat
                                      persetujuan Pemegang Saham Perseroan yaitu PT PERTAMINA (PERSERO) sebagai pemegang saham
                                      pengendali untuk menetapkan tantiem bagi anggota Direksi dan Dewan Komisaris Perseroan untuk tahun
                                      buku 2021.
                                   2. Remunerasi
                                      Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan dengan terlebih dahulu mendapat
                                      persetujuan pemegang saham Perseroan yaitu PT PERTAMINA (Persero) sebagai pemegang saham pengendali
                                      untuk menetapkan besarnya gaji/honorarium, tunjangan dan fasilitas bagi anggota Direksi, Dewan Komisaris,
                                      dan Dewan Pengawas Syariah (DPS) Perseroan untuk tahun 2022.

                                   1. Tantiem
                                      Grant the power and authority to the Company’s Board of Commissioners with prior approval from the
                                      Company’s Shareholders, namely PT PERTAMINA (PERSERO) as the Controlling Shareholder, to determine
                                      tantiem for members of the Company’s Board of Directors and Board of Commissioners for the 2021 fiscal
                                      year.
                                   2. Remuneration
                                      Grant the power and authority to the Company’s Board of Commissioners with prior approval from the
                                      Company’s Shareholders, namely PT PERTAMINA (PERSERO) as the Controlling Shareholder, to determine
                                      the amount of salary/remuneration, and allowances and facilities for members of the Company’s Board of
                                      Directors, Board of Commissioners, and Sharia Supervisory Board for 2022.
      Tindak Lanjut/Realisasi      Keputusan langsung berlaku efektif.
      Follow-up/Realization        The resolution is effective immediately.


226       LAPORAN TAHUNAN 2023                                                                                     PT Asuransi Tugu Pratama Indonesia Tbk
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5       Tata Kelola Perusahaan           6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
        Corporate Governance                 Corporate Social Responsibility                    Audited Report




    5                             Persetujuan laporan pertanggungjawaban realisasi penggunaan dana hasil Penawaran Umum.
                                  Approval of the accountability report on the realization of the use of proceeds from the Public Offering.
 Mata Acara Kelima
 Fifth Agenda
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                                 Abstain                             Tidak Setuju
                                                   Agree                                  Abstain                               Disagree
                                      1.416.125.200 suara atau               121.600 suara atau 0,0085858%          47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham             dari seluruh saham dengan hak         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam          suara yang hadir dalam Rapat.          suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or                121,600 votes or 0.0085858%          47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with             of all shares with voting rights     shares with voting rights attended
                                   voting rights attended the Meeting.             attended the Meeting.                      the Meeting.
 Keputusan Rapat                  Menyetujui laporan pertanggungjawaban realisasi penggunaan Dana Hasil Penawaran Umum: Seluruh dana
 Meeting Resolutions              yang telah diperoleh sebesar Rp684.444.530.000,-. Jumlah biaya yang telah dikeluarkan dalam rangka
                                  pelaksanaan penawaran umum Rp25.742.358.837,-. Dana yang telah direalisasikan dan peruntukannya
                                  sejumlah Rp525.668.218.356,49. Dana yang masih tersisa sebesar Rp133.033.952.806,51 dan alasan belum
                                  terealisasikan adalah bahwa semua kegiatan yang tercantum dalam prospektus dilakukan secara bertahap.

                                  Approve the accountability report on the realization of the use of proceeds from the Public Offering: The total
                                  proceeds obtained amounted to IDR684,444,530,000. The total cost incurred for implementing the public
                                  offering amounted to IDR25,742,358,837. The total proceeds that had been used and allocated amounted to
                                  IDR525,668,218,356.49. The total remaining proceeds amounted to IDR133,033,952,806.51 and the reason
                                  for the unrealized use of proceeds was because all activities listed in the prospectus were carried out in stages.
 Tindak Lanjut/Realisasi          Keputusan langsung berlaku efektif.
 Follow-up/Realization            The resolution is effective immediately.




    6                             Pemberian kuasa kepada Dewan Komisaris untuk peningkatan modal dalam rangka pelaksanaan program
                                  Management Employee Stock Option Plan (MESOP).
 Mata Acara Keenam                Granting of the power of attorney to the Board of Commissioners to increase capital for the purpose of
 Sixth Agenda                     implementing the Management Employee Stock Option Plan (MESOP) program.
 Jumlah Pemegang Saham yang       Nihil.
 Bertanya                         Nil.
 Number of Inquiring
 Shareholders
 Pengambilan Keputusan            Dengan Pemungutan Suara.
 Decision Making                  By Vote.
                                                   Setuju                                 Abstain                             Tidak Setuju
                                                   Agree                                  Abstain                               Disagree
                                      1.416.125.200 suara atau               121.600 suara atau 0,0085858%          47.200 suara atau 0,0033326%
                                   99,9880816% dari seluruh saham             dari seluruh saham dengan hak         dari seluruh saham dengan hak
                                   dengan hak suara yang hadir dalam          suara yang hadir dalam Rapat.          suara yang hadir dalam Rapat.
                                                Rapat.

                                        1,416,125,200 votes or                121,600 votes or 0.0085858%          47,200 votes or 0.0033326% of all
                                    99.9880816% of all shares with             of all shares with voting rights     shares with voting rights attended
                                   voting rights attended the Meeting.             attended the Meeting.                      the Meeting.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                       ANNUAL REPORT 2023          227
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      1       Kilas Kinerja        2   Laporan Manajemen             3   Profil Perusahaan          4   Analisis dan Pembahasan Manajemen
              Performance Review       Management Report                 Company Profile                Management Discussion and Analysis




      Keputusan Rapat              1. Memberikan kewenangan kepada Dewan Komisaris untuk melakukan dan melaksanakan semua dan setiap
      Meeting Resolutions             tindakan atau perbuatan yang disyaratkan oleh peraturan perundang-undangan yang berlaku, Anggaran Dasar
                                      Perseroan, atau yang dipandang perlu dalam rangka melaksanakan MESOP.
                                   2. Memberikan kuasa kepada Direksi Perseroan dengan hak substitusi, untuk menyatakan dalam Akta Notaris
                                      tersendiri untuk setiap adanya perubahan permodalan terkait MESOP, yang selanjutnya dilakukan tindakan-
                                      tindakan yang disyaratkan oleh peraturan perundang-undangan yang berlaku.

                                   1. Grant the authority to the Board of Commissioners to carry out and implement all and any actions required by
                                      the applicable laws and regulations, the Company’s Articles of Association, or as deemed necessary in order
                                      to implement the MESOP.
                                   2. Grant the power to the Board of Directors of the Company with substitution rights, to state in a separate
                                      Notary Deed for any changes in capital related to the MESOP, which will be carried out with actions required by
                                      the prevailing laws and regulations.
      Tindak Lanjut/Realisasi      Selesai/Terlaksana.
      Follow-up/Realization        Completed/Realized.



          7                        Persetujuan perubahan susunan pengurus.
                                   Approval of the change in the management composition.
      Mata Acara Ketujuh
      Seventh Agenda
      Jumlah Pemegang Saham yang   Nihil.
      Bertanya                     Nil.
      Number of Inquiring
      Shareholders
      Pengambilan Keputusan        Dengan Pemungutan Suara.
      Decision Making              By Vote.
                                                  Setuju                                Abstain                             Tidak Setuju
                                                  Agree                                 Abstain                               Disagree
                                      1.134.546.200 suara atau                281.721.600 suara atau                    26.200 suara atau
                                   80,1066869% dari seluruh saham         19,8914632% dari seluruh saham          0,0018499% dari seluruh saham
                                   dengan hak suara yang hadir dalam      dengan hak suara yang hadir dalam      dengan hak suara yang hadir dalam
                                                Rapat.                                 Rapat.                                 Rapat.

                                        1,134,546,200 votes or                   281,721,600 votes or            26,200 votes or 0.0018499% of all
                                    80.1066869% of all shares with         19.8914632% of all shares with         shares with voting rights attended
                                   voting rights attended the Meeting.    voting rights attended the Meeting.               the Meeting.




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    Corporate Governance                     Corporate Social Responsibility              Audited Report




 Keputusan Rapat                  1. Menyetujui untuk memberhentikan dengan hormat dengan alasan penyegaran organisasi dan pengunduran
 Meeting Resolutions                  diri Sdr. Indra Baruna sebagai Presiden Direktur Perseroan yang berakhir masa jabatannya terhitung sejak
                                      ditutupnya Rapat Umum Pemegang Saham ini, dengan ucapan terima kasih atas sumbangan tenaga dan
                                      pikiran yang diberikan selama menjabat sebagai Presiden Direktur Perseroan.
                                  2. Menyetujui pengunduran diri Sdr. Maruly Octavianus Sinaga sebagai Direktur Kepatuhan & Manajemen Risiko
                                      Perseroan yang berakhir masa jabatannya terhitung sejak ditutupnya Rapat Umum Pemegang Saham ini,
                                      dengan ucapan terima kasih atas sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai
                                      Direktur Kepatuhan & Manajemen Risiko Perseroan.
                                  3. Menyetujui untuk memberhentikan dengan hormat Sdr. Koeshartanto sebagai Presiden Komisaris Perseroan
                                      dengan alasan penyegaran organisasi terhitung sejak ditutupnya Rapat Umum Pemegang Saham ini, dengan
                                      ucapan terima kasih atas segala sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai
                                      Presiden Komisaris Perseroan.
                                  4. Menyetujui pengunduran diri Sdr. Sahala Lumban Gaol sebagai Komisaris Perseroan terhitung sejak
                                      ditutupnya Rapat Umum Pemegang Saham ini, dengan ucapan terima kasih atas segala sumbangan tenaga
                                      dan pikiran yang diberikan selama menjabat sebagai Komisaris Perseroan.
                                  5. Menyetujui untuk memberhentikan dengan hormat Sdr. M. Harry Santoso sebagai Komisaris Independen
                                      dengan alasan penyegaran organisasi terhitung sejak ditutupnya Rapat Umum Pemegang Saham ini, dengan
                                      ucapan terima kasih atas segala sumbangan tenaga dan pikiran yang diberikan selama menjabat sebagai
                                      Komisaris Independen Perseroan.
                                  6. Menyetujui pengangkatan Anggota Direksi dan Dewan Komisaris Perseroan sebagai berikut:
                                      • Sdr. Tatang Nurhidayat sebagai Presiden Direktur.
                                      • Sdri. Dian Masyita sebagai Presiden Komisaris merangkap sebagai Komisaris Independen.
                                      • Sdr. Bagus Agung Rahadiansyah sebagai Komisaris.
                                  7. Menyetujui penggabungan dan perubahan nomenklatur jabatan sebagai berikut:
                                      • Direktur Pemasaran Asuransi Minyak & Gas dan Direktur Pemasaran Asuransi Non Minyak & Gas menjadi
                                           Direktur Pemasaran Asuransi.
                                  8. Menyetujui pengalihan tugas nama-nama sebagai berikut:
                                      • Sdr. Ery Widiatmoko semula sebagai Direktur Pemasaran Asuransi Non Minyak & Gas menjadi Direktur
                                           Pemasaran Asuransi.
                                      • Sdr Budi P. Amir semula sebagai Direktur Pemasaran Asuransi Minyak & Gas menjadi Direktur Kepatuhan
                                           & Manajemen Risiko.
                                      • Dengan masa jabatan meneruskan sisa masa jabatan sesuai RUPS pengangkatan (RUPST 2020) yang
                                           bersangkutan.
                                  9. Anggota Direksi dan Dewan Komisaris yang diangkat sebagaimana dimaksud pada angka 6 baru dapat
                                      melaksanakan tugasnya setelah mendapat persetujuan Otoritas Jasa Keuangan (OJK) atas Penilaian
                                      Kemampuan dan Kepatutan dan memenuhi peraturan perundang-undangan yang berlaku hingga berakhir
                                      pada penutupan RUPS Tahunan ke-3 pada akhir satu periode masa jabatan dimaksud, namun demikian tidak
                                      mengurangi hak RUPS untuk memberhentikan Anggota Direksi dan Dewan Komisaris tersebut sewaktu-waktu
                                      sebelum masa jabatannya berakhir.
                                  10. Dalam hal anggota Direksi dan Dewan Komisaris yang diangkat tersebut masih menjabat pada jabatan lain
                                      yang dilarang oleh peraturan perundang-undangan untuk dirangkap dengan jabatan anggota Direksi dan
                                      Dewan Komisaris, maka yang bersangkutan harus mengundurkan diri atau diberhentikan dari jabatannya
                                      tersebut.




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          Performance Review         Management Report                 Company Profile                    Management Discussion and Analysis




                                 11. Dengan adanya pengunduran diri, pemberhentian dan pengangkatan anggota Direksi dan Dewan Komisaris,
                                     perubahan nomenklatur organisasi, serta pengalihan tugas tersebut di atas, maka susunan keanggotaan
                                     Direksi dan Dewan Komisaris Perseroan menjadi sebagai berikut:

                                     Dewan Komisaris
                                     Presiden Komisaris & Komisaris Independen             : Sdri. Dian Masyita
                                     Komisaris				                                         : Sdri. Amelia Kurniawan
                                     Komisaris				                                         : Sdr. Bagus Agung Rahadiansyah
                                     Komisaris Independen			                               : Sdr. Poerwo Tjahjono
                                     Komisaris Independen			                               : Sdr. Adi Zakaria Afiff

                                     Direksi
                                     Presiden Direktur				                                 : Sdr. Tatang Nurhidayat
                                     Direktur Keuangan & Layanan Korporat		                : Sdr Emil Hakim
                                     Direktur Teknik				                                   : Sdr. Syaiful Azhar
                                     Direktur Pemasaran Asuransi		                         : Sdr. Ery Widiatmoko
                                     Direktur Kepatuhan & Manajemen Risiko                 : Sdr. Budi P. Amir

                                 12. Memberikan kuasa dengan hak substitusi kepada Direksi Perseroan untuk melakukan segala tindakan yang
                                     diperlukan berkaitan dengan keputusan Mata Acara ini sesuai dengan peraturan perundang-undangan yang
                                     berlaku, termasuk untuk menyatakan dalam Akta Notaris tersendiri dan memberitahukan perubahan susunan
                                     Direksi dan Dewan Komisaris Perseroan kepada Kementerian Hukum dan HAM.
                                 1. For organizational structure refresh and due to his resignation as the Company’s President Director, approve
                                     the honorable dismissal of Mr. Indra Baruna as the Company’s President Director whose term of office ends
                                     as of the closing of this General Meeting of Shareholders, with gratitude for the contribution of energy and
                                     thoughts given during his tenure as President Director of the Company.
                                 2. Approve the resignation of Mr. Maruly Octavianus Sinaga as the Company’s Director of Compliance & Risk
                                     Management whose term of office ends as of the closing of this General Meeting of Shareholders, with
                                     gratitude for the contribution of energy and thoughts given during his tenure as the Company’s Director of
                                     Compliance & Risk Management.
                                 3. Approve the honorable dismissal of Mr. Koeshartanto as the Company’s President Commissioner for
                                     organizational structure refresh as of the closing of this General Meeting of Shareholders, with gratitude
                                     for all the contributions of energy and thoughts given during his tenure as the Company’s President
                                     Commissioner.
                                 4. Approve the resignation of Mr. Sahala Lumban Gaol as the Company’s Commissioner effective as of the
                                     closing of this General Meeting of Shareholders, with gratitude for all the contributions of energy and
                                     thoughts given during his tenure as the Company’s Commissioner.
                                 5. Approve the honorable dismissal of Mr. M. Harry Santoso as Independent Commissioner for organizational
                                     structure refresh as of the closing of this General Meeting of Shareholders, with gratitude for all the
                                     contributions of energy and thoughts given during his tenure as the Company’s Independent Commissioner.
                                 6. Approve the appointment of members of the Company’s Board of Directors and Board of Commissioners as
                                     follows:
                                     • Mr. Tatang Nurhidayat as President Director.
                                     • Mrs. Dian Masyita as President Commissioner concurrently as Independent Commissioner.
                                     • Mr. Bagus Agung Rahadiansyah as Commissioner.
                                 7. Agree to merge and change the nomenclature of positions as follows:
                                     • Oil & Gas Insurance Marketing Director and Non-Oil & Gas Insurance Marketing Director become
                                          Insurance Marketing Director.
                                 8. Approve the transfer of assignment of the names as follows:
                                     • Mr. Ery Widiatmoko from Director of Non-Oil & Gas Insurance Marketing to become Director of Insurance
                                          Marketing.
                                     • Mr. Budi P. Amir from Director of Oil & Gas Insurance Marketing to become Director of Compliance & Risk
                                          Management.
                                     • With the term of office continuing the remaining term of office in accordance with the relevant GMS
                                          appointment (AGM 2020).
                                 9. Members of the Board of Directors and Board of Commissioners who are appointed as referred to in point
                                     number 6 can only carry out their duties after obtaining approval from the Financial Services Authority (OJK)
                                     for the Fit and Proper Test and complying with the prevailing laws and regulations until the closing of the 3rd
                                     Annual GMS at the end of the said term of office, without any prejudice to the right of the GMS to dismiss the
                                     members of the Board of Directors and the Board of Commissioners at any time before their term of office
                                     ends.
                                 10. In the event that the appointed members of the Board of Directors and the Board of Commissioners are still
                                     serving in other positions prohibited by laws and regulations from concurrently serving as members of the
                                     Board of Directors and Board of Commissioners, then the persons concerned must resign or be dismissed
                                     from their positions.




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    Corporate Governance                     Corporate Social Responsibility                 Audited Report




                                  11. With the resignations, dismissals, and appointment of members of the Board of Directors and Board of
                                      Commissioners, changes in the nomenclature of the organization, as well as the transfer of duties as
                                      mentioned above, the composition of the Company’s Board of Directors and Board of Commissioners shall
                                      become as follows:

                                         Board of Commissioners
                                         President Commissioner & Independent Commissioner : Mrs. Dian Masyita
                                         Commissioner					: Mrs. Amelia Kurniawan
                                         Commissioner					: Mr. Bagus Agung Rahadiansyah
                                         Independent Commissioner				: Mr. Poerwo Tjahjono
                                         Independent Commissioner				: Mr. Adi Zakaria Afiff

                                         Board of Directors
                                         President Director				: Mr. Tatang Nurhidayat
                                         Director of Finance & Corporate Service		: Mr. Emil Hakim
                                         Technical Director					: Mr. Syaiful Azhar
                                         Director of Insurance Marketing			: Mr. Ery Widiatmoko
                                         Director of Compliance & Risk Management		 : Mr. Budi P. Amir

                                  12. Grant the power of attorney with substitution rights to the Company’s Board of Directors to take all necessary
                                      actions related to the decisions of this Agenda in accordance with the prevailing laws and regulations,
                                      including to declare in a separate Notary Deed and notify the change in the composition of the Company’s
                                      Board of Directors and Board of Commissioners to the Ministry of Law and Human Rights.
 Tindak Lanjut/Realisasi          Keputusan langsung berlaku efektif.
 Follow-up/Realization            1. Berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan No. KEP-32/KDK.05/2022 tanggal 16
                                     Agustus 2022, Sdr. Tatang Nurhidayat dinyatakan memenuhi persyaratan untuk menjadi Presiden Direktur
                                     Perseroan. Dengan demikian, pengangkatan Sdr. Tatang Nurhidayat sebagai Presiden Direktur terhitung
                                     efektif sejak 16 Agustus 2022 yang dituangkan dalam Akta Pernyataan Keputusan Rapat No. 132 tanggal 24
                                     Agustus 2022 notaris Jose Dima Satria S.H., M.Kn.
                                  2. Berdasarkan Keputusan Dewan Komisioner Otoritas Jasa Keuangan No. KEP-47/KDK.05/2022 tanggal
                                     11 Oktober 2022, Sdri. Dian Masyita dinyatakan memenuhi persyaratan untuk menjadi Presiden Komisaris
                                     Perseroan. Dengan demikian, pengangkatan Sdri. Dian Masyita sebagai Presiden Komisaris terhitung efektif
                                     sejak 11 Oktober 2022 yang dituangkan dalam Akta Pernyataan Keputusan rapat nomor 118 tanggal 19
                                     Oktober 2022 notaris Jose Dima Satria, S.H., M.Kn.
                                  The resolution is effective immediately.
                                  1. Based on the Decision of the Financial Services Authority’s Board of Commissioners No. KEP-32/
                                      KDK.05/2022 dated 16 August 2022, Mr. Tatang Nurhidayat has been declared to meet the requirements to
                                      become the President Director of the Company. Thus, the appointment of Mr. Tatang Nurhidayat as President
                                      Director is effective as of 16 August 2022 as outlined in the Deed of Statement of Meeting Resolutions
                                      number 132 dated 24 August 2022 of notary Jose Dima Satria S.H., MKn.
                                  2. Based on the Decision of the Financial Services Authority’s Board of Commissioners No. KEP-47/
                                      KDK.05/2022 dated 11 October 2022, Mrs. Dian Masyita has been declared to meet the requirements
                                      to become the President Commissioner of the Company. Thus, the appointment of Mrs. Dian Masyita as
                                      President Commissioner is effective as of 11 October 2022 as outlined in the Deed of Statement of Meeting
                                      Resolutions number 118 dated 19 October 2022 of notary Jose Dima Satria S.H., MKn.




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          Performance Review         Management Report          Company Profile           Management Discussion and Analysis




          3.B.
  Dewan Komisaris
  Board of Commissioners


  Dewan Komisaris merupakan Organ Perseroan yang                   In running the Company, Tugu Insurance Board of
  memiliki tugas dan tanggung jawab dalam hal pengawasan           Directors is supervised by the Board of Commissioners,
  dan pemberian nasihat kepada Direksi terkait kebijakan-          who is also tasked with providing advice to the Board of
  kebijakan Perseroan. Dalam menjalankan tugasnya, Dewan           Directors regarding policies. In performing the duties,
  Komisaris bertanggung jawab kepada RUPS. Dewan                   the Board of Commissioners is responsible to the GMS.
  Komisaris bertanggung jawab secara penuh pada RUPS               The responsibility of the Board of Commissioners to the
  sebagai wujud akuntabilitas pengawasan atas pengelolaan          GMS is a manifestation of supervision accountability for
  Perseroan dalam rangka menerapkan prinsip-prinsip                the Company’s management in the context of corporate
  tata kelola.                                                     governance principles implementation.


  Ketentuan Masa Jabatan Dewan Komisaris
  Provisions for the Term of Office of the Board of Commissioners

  Anggota Dewan Komisaris diangkat dan diberhentikan oleh          Members of the Board of Commissioners are appointed
  RUPS sesuai persyaratan dan peraturan yang berlaku,              and dismissed by the GMS in accordance with applicable
  serta diharuskan untuk lulus uji kepatutan dan kelayakan         requirements and regulations and must pass the fit and
  yang ditetapkan oleh OJK. Masa jabatan anggota Dewan             proper test set by the OJK. The term of office of the Board
  Komisaris berlaku sejak tanggal yang ditentukan dalam            of Commissioners members takes effect from the date
  RUPS dimana anggota Dewan Komisaris diangkat, dan                determined in the GMS where the Board of Commissioners
  berakhir pada saat ditutupnya RUPS Tahunan ketiga setelah        members are appointed and ends at the closing of the
  tanggal pengangkatan kecuali ditentukan lain dalam RUPS.         third Annual GMS after the date of the appointment unless
  Apabila telah habis masa jabatan, Dewan Komisaris dapat          otherwise specified in the GMS. When their term of office
  diangkat kembali sesuai dengan keputusan RUPS.                   ends, the Board of Commissioners members can be
                                                                   reappointed based on the GMS resolution.

  Masa jabatan anggota Dewan Komisaris dapat diakhiri              The term of office of a member of the Board of
  apabila yang bersangkutan:                                       Commissioners may be terminated upon his:
  1. Mengundurkan diri;                                            1. Resignation;
  2. Tidak lagi memenuhi persyaratan perundang-undangan            2. No longer meeting the applicable legal requirements;
     yang berlaku;                                                 3. Demise;
  3. Meninggal dunia;                                              4. Dismissal based on the resolution of a GMS.
  4. Diberhentikan berdasarkan keputusan RUPS.


  Komposisi Dewan Komisaris Tahun 2023
  The Board of Commissioners Composition in 2023

  Di tahun 2023, Perseroan mengalami perubahan komposisi           In 2023, the Company experienced a change in the
  Dewan Komisaris berdasarkan Keputusan RUPS Tahunan               composition of the Board of Commissioners based on
  tanggal 28 April 2023. Berdasarkan perubahan tersebut,           the Annual GMS Resolution on 28 April 2023. Based on
  komposisi Dewan Komisaris Perseroan terdiri dari 1 (satu)        these changes, the composition of the Company's Board of
  orang Presiden Komisaris merangkap sebagai Komisaris             Commissioners consists of 1 (one) President Commissioner
  Independen, dan 4 (empat) orang anggota Komisaris, dimana        who also serves as an Independent Commissioner,
  2 (dua) di antaranya adalah Komisaris Independen. Informasi      and 4 (four) Commissioners, which 2 (two) of them are
  lengkap mengenai perubahan komposisi Dewan Komisaris             Independent Commissioners. Complete information
  Tugu Insurance sepanjang tahun 2023 dapat dilihat pada           regarding changes in the composition of the Tugu Insurance
  Bab Profil Perusahaan dalam Laporan Tahunan ini.                 Board of Commissioners throughout 2023 can be seen in
                                                                   the Company Profile Chapter in this Annual Report.


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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Adapun komposisi Dewan Komisaris Tugu Insurance per 31                          The composition of the Tugu Insurance Board of
Desember 2023 adalah sebagai berikut:                                           Commissioners as of 31 December 2023 is as follows:


                                Nama                                                                      Jabatan
                                Name                                                                      Position
 Dian Masyita                                                             Presiden Komisaris & Komisaris Independen
                                                                          President Commissioner & Independent Commissioner
 Bagus Agung Rahadiansyah                                                 Komisaris
                                                                          Commissioner
 Samuel Lie (Samuel Ramna)                                                Komisaris
                                                                          Commissioner
 Poerwo Tjahjono                                                          Komisaris Independen
                                                                          Independent Commissioner
 Tajudin Noor                                                             Komisaris Independen
                                                                          Independent Commissioner



Berdasarkan komposisi tersebut, Perseroan telah memenuhi                        Based on this composition, the Company has complied with
ketentuan pada Board Manual dan Peraturan OJK No. 73/                           the provisions of the Board Manual and OJK Regulation No.
POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik                           73/POJK.05/2016 concerning Good Corporate Governance
bagi Perusahaan Perasuransian (“POJK No. 73”), yang                             for Insurance Companies ("POJK No. 73"), which regulates
mengatur bahwa Dewan Komisaris Perusahaan Asuransi                              that the Board of Commissioners of an Insurance Company
harus terdiri dari sedikitnya 3 (tiga) orang anggota. Seluruh                   must consist of at least 3 (three) members. All members of
Dewan Komisaris Tugu Insurance yang menjabat adalah                             the Tugu Insurance Board of Commissioners are Indonesian
warga negara Indonesia dan berdomisili di Indonesia                             citizens and domiciled in Indonesia as stipulated in Article
sebagaimana ketentuan Pasal 19 ayat (5) POJK No. 73.                            19 paragraph (5) POJK No. 73.

Komposisi Dewan Komisaris Tugu Insurance juga telah                             This composition has complied with the Board Manual
memenuhi ketentuan POJK No. 33/2014 yang mengatur                               and meets the provisions of OJK Regulation No. 73/
bahwa Dewan Komisaris paling kurang terdiri dari 2 (dua)                        POJK.05/2016 concerning Good Corporate Governance for
orang anggota; dalam hal Dewan Komisaris terdiri lebih dari                     Insurance Companies (“POJK No. 73”), which stipulates
2 (dua) orang anggota Dewan Komisaris, jumlah Komisaris                         that the Board of Commissioners of an Insurance Company
Independen wajib paling kurang 30% (tiga puluh persen) dari                     must consist of at least 2 (two) members, of which the
jumlah seluruh anggota Dewan Komisaris; dan 1 (satu) di                         number of Independent Commissioners must be at least
antara anggota Dewan Komisaris diangkat menjadi Komisaris                       30% (thirty percent) of the total members of the Board
Utama atau Presiden Komisaris.                                                  of Commissioners; and 1 (one) member of the Board of
                                                                                Commissioners is appointed as President Commissioner.


Buku Panduan Kerja Dewan Komisaris (Board Manual)
The Board of Commissioners’ Work Guidelines (Board Manual)

Perseroan mengatur pedoman tugas dan tanggung jawab                             The Board of Commissioners has in place the Board
pelaksanaan tugas fungsi pengawasan Dewan Komisaris                             of Commissioners’ Work Guidelines as a guideline for
dalam Buku Panduan Kerja Dewan Komisaris. Buku                                  performing its supervisory duties and responsibilities. The
Panduan Kerja merupakan bagian dari Board Manual yang                           Board of Commissioners’ Guidelines constitute part of the
telah disahkan oleh Dewan Komisaris dan Direksi pada 1                          Board Manual approved by the Board of Commissioners and
Desember 2014 dengan pembaruan Board Manual terakhir                            the Board of Directors on 1 December 2014 and amended
pada 31 Desember 2021. Isi Board Manual tersebut tidak                          on 31 December 2021. The Board Manual is inseparable
dapat dipisahkan dari Anggaran Dasar Perseroan dan Soft                         from the Company’s Articles of Association and the
Structure Tata Kelola Perusahaan.                                               Company’s Corporate Governance Soft Structure.




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          Performance Review         Management Report        Company Profile            Management Discussion and Analysis




  Board Manual berlaku bagi pelaksanaan hubungan kerja           The Board Manual applies to the implementation of the
  antara Dewan Komisaris dan Direksi dengan mengacu              working relationship between the Board of Commissioners
  kepada ketentuan yang terdapat dalam Anggaran Dasar            and the Board of Directors concerning to the provisions
  Perseroan, hasil RUPS, dan/atau ketentuan peraturan            contained in the Company’s Articles of Association, the
  perundang-undangan yang berlaku. Adapun hal-hal yang           results of the GMS, and/or the provisions of the applicable
  diatur dalam Board Manual terkait Dewan Komisaris,             laws and regulations. The matters related to the Board of
  antara lain:                                                   Commissioners regulated in the Board Manual include,
                                                                 among others:
  1. Persyaratan, rangkap jabatan, komposisi, dan masa           1. Requirements, concurrent positions, composition, and
     jabatan Dewan Komisaris;                                       term of office of the Board of Commissioners;
  2. Tugas, wewenang, kewajiban, dan tanggung jawab              2. The duties, authorities, obligations, and responsibilities
     Dewan Komisaris;                                               of the Board of Commissioners;
  3. Rapat Dewan Komisaris;                                      3. The Board of Commissioners meeting;
  4. Komunikasi Dewan Komisaris;                                 4. Communication of the Board of Commissioners
  5. Dewan Komisaris dalam RUPS;                                 5. The Board of Commissioners in the GMS;
  6. Fungsi pendukung; dan                                       6. Support function; and
  7. Pelaporan dan pertanggungjawaban Dewan Komisaris.           7. Reporting and accountability of the Board
                                                                    of Commissioners.


  Tugas, Wewenang, dan Kewajiban Dewan Komisaris
  Duties, Authorities, and Obligations of the Board of Commissioners

  Tugas Utama Dewan Komisaris                                    The Board of Commissioners’ Main Duties

  Tugas utama Dewan Komisaris adalah melakukan                   The Board of Commissioners has the main duty to supervise
  pengawasan dan pemberian nasihat terhadap pengurusan           and provide advice to the management of the Company
  Perseroan yang dilakukan oleh Direksi. Dewan Komisaris         carried out by the Board of Directors. In addition, the Board
  juga bertanggung jawab atas pengawasan terhadap kebijakan      of Commissioners is also responsible for supervising the
  penyusunan dan penerapan tata kelola perusahaan. Dewan         policies on the arrangement and implementation of corporate
  Komisaris memantau dan memastikan bahwa praktik tata           governance in the Company. The Board of Commissioners
  kelola telah diterapkan secara efektif dan berkelanjutan.      monitors and ensures that corporate governance practices
                                                                 have been implemented effectively and continuously.

  Tanggung Jawab dan Wewenang Dewan Komisaris                    The Board of Commissioners’ Authority and
                                                                 Responsibilities

  Dewan Komisaris memiliki tanggung jawab dan wewenang,          The Board of Commissioners, either jointly by other
  sebagai berikut:                                               fellow members or individually, at any time has the
                                                                 following authorities:
  1. Melihat buku-buku, surat-surat, serta dokumen-              1. Overlook the books, letters, and other documents, cash
     dokumen lainnya, memeriksa kas untuk keperluan                  for verification purposes, and other securities, as well as
     verifikasi, dan surat berharga lain-lain dan memeriksa          the Company’s assets;
     kekayaan Perseroan;                                         2. Enter the premises, buildings, and offices used by
  2. Memasuki pekarangan, gedung, dan kantor yang                    the Company;
     dipergunakan oleh Perseroan;                                3. Understand all policies and actions that have been and
  3. Mengetahui segala kebijakan dan tindakan yang telah             will be carried out by the Directors;
     dan akan dijalankan oleh Direksi;                           4. Provide directions to the Board of Directors on the
  4. Memberikan arahan terhadap Direksi atas implementasi            implementation of the Company’s plans and policies;
     rencana dan kebijakan Perseroan;                            5. Request the Directors and/or other officials under
  5. Meminta Direksi dan/atau pejabat lainnya di bawah               the Board of Directors with the approval of the Board
     Direksi dengan sepengetahuan Direksi untuk menghadiri           of Directors to attend the Board of Commissioners’
     rapat Dewan Komisaris;                                          meeting;




234       LAPORAN TAHUNAN 2023                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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6. Meneliti, menelaah, serta menandatangani Rencana                             6. Research, analyze, and sign the Company’s Long-Term
    Jangka Panjang Perseroan (RJPP) dan Rencana Kerja                               Plan and Work Plan and Budget prepared by the Board
    dan Anggaran Perseroan (RKAP) yang disiapkan Direksi,                           of Directors, following the provisions of the Company’s
    sesuai dengan ketentuan Anggaran Dasar Perseroan;                               Articles of Association;
7. Memberikan nasihat kepada Direksi dalam                                      7. Provide advice to the Board of Directors in carrying out
    melaksanakan pengurusan Perseroan;                                              the management of the Company;
8. Mengangkat dan memberhentikan Sekretaris                                     8. Appoint and dismiss the Secretary of the Board
    Dewan Komisaris;                                                                of Commissioners;
9. Memberhentikan sementara anggota Direksi sesuai                              9. Temporarily dismiss members of the Board of Directors in
    dengan ketentuan Anggaran Dasar Perseroan;                                      accordance with the provisions of the Company’s Articles
10. Menggunakan tenaga ahli untuk hal tertentu dan dalam                            of Association;
    jangka waktu tertentu atas beban Perseroan, jika                            10. Work with the experts for certain matters and within
    dianggap perlu;                                                                 a certain period at the expense of the Company, if
11. Melakukan tindakan pengurusan Perseroan dalam                                   deemed necessary;
    keadaan tertentu untuk jangka waktu tertentu sesuai                         11. Perform management of the Company in certain
    dengan ketentuan Anggaran Dasar dan peraturan                                   circumstances for a certain period in accordance with
    perundang-undangan;                                                             the provisions of the Articles of Association and laws
12. Menghadiri Rapat Direksi dan memberikan pandangan-                              and regulations;
    pandangan terhadap hal-hal yang dibicarakan;                                12. Attend the Board of Directors’ Meetings and provide
13. Melaksanakan kewenangan pengawasan lainnya                                      insights on matters discussed;
    sepanjang tidak bertentangan dengan peraturan                               13. Deliver other supervision authorities as far as those
    perundang-undangan, Anggaran Dasar, dan/atau                                    are not against the laws and regulations, the Articles
    keputusan Rapat Umum Pemegang Saham;                                            of Association, and/or the resolutions of the General
14. Mengikuti perkembangan kegiatan Perseroan,                                      Meeting of Shareholders;
    memberikan pendapat dan saran kepada Rapat Umum                             14. Follow the development of the Company’s activities,
    Pemegang Saham;                                                                 providing opinions and suggestions to the General
15. Melaporkan dengan segera kepada Rapat Umum                                      Meeting of Shareholders;
    Pemegang Saham apabila terjadi gejala menurunnya                            15. Report immediately to the General Meeting of
    kinerja Perseroan atau kejadian penting lain yang perlu                         Shareholders if there is a sign of a decline in the
    diketahui oleh Rapat Umum Pemegang Saham;                                       Company’s performance or other important events
16. Meneliti dan menelaah laporan berkala dan laporan                               that need to be known by the General Meeting
    tahunan yang disiapkan Direksi serta menandatangani                             of Shareholders;
    Laporan Tahunan;                                                            16. Research and analyze the periodic and annual reports
17. Memberikan penjelasan, pendapat dan saran kepada                                prepared by the Board of Directors and sign the
    Rapat Umum Pemegang Saham mengenai Laporan                                      Annual Report;
    Tahunan, apabila diminta;                                                   17. Provide explanations, opinions and suggestions to the
18. Menyusun program kerja tahunan dan dimasukkan                                   General Meeting of Shareholders regarding the Annual
    dalam RKAP;                                                                     Report, if requested;
19. Mengusulkan Akuntan Publik untuk melakukan audit                            18. Arrange annual work programs and be included in RKAP;
    laporan keuangan tahunan kepada Rapat Umum                                  19. Propose a Public Accountant to audit the annual financial
    Pemegang Saham;                                                                 statement at the General Meeting of Shareholders;
20. Melaksanakan wewenang lainnya dalam rangka tugas                            20. Deliver other authorities for supervision and advisory
    pengawasan dan pemberian nasihat, sepanjang tidak                               duties, as long as those do not conflict with the laws and
    bertentangan dengan peraturan perundang-undangan,                               regulations, Articles of Association, and/or Resolution of
    Anggaran Dasar, dan/atau Keputusan Rapat Umum                                   the General Meeting of Shareholders.
    Pemegang Saham.




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      1   Kilas Kinerja          2   Laporan Manajemen    3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




  Kewajiban Dewan Komisaris                                        The Board of Commissioners’ Obligations

  1. Dalam melaksanakan tugasnya, setiap anggota Dewan             1. In performing the duties, each member of the Board of
     Komisaris wajib:                                                 Commissioners must:
     a. Mematuhi Anggaran Dasar dan peraturan perundang-              a. Comply with the Articles of Association and
         undangan, serta prinsip-prinsip profesionalisme,                 laws and regulations, as well as the principles
         efisiensi, transparansi, kemandirian, akuntabilitas,             of professionalism, efficiency, transparency,
         pertanggungjawaban, serta kewajaran;                             independence, accountability, responsibility
     b. Beritikad baik, penuh kehati-hatian dan bertanggung               and fairness;
         jawab dalam menjalankan tugas pengawasan dan                 b. Act in good faith, prudence, and responsibility in
         pemberian nasihat kepada Direksi untuk kepentingan               carrying out supervision and advisory duties to the
         Perseroan dan sesuai dengan maksud dan                           Board of Directors for the interests of the Company
         tujuan Perseroan;                                                and in accordance with the aims and objectives of
  2. Membuat Risalah Rapat Dewan Komisaris dan                            the Company;
     menyimpan salinannya;                                         2. Make Minutes of the Board of Commissioners’ Meetings
  3. Melaporkan kepada Perseroan mengenai kepemilikan                 and save the copies;
     sahamnya dan/atau keluarganya pada perseroan                  3. Report to the Company regarding their ownership of
     tersebut dan Perseroan lain;                                     shares and/or their family’s ownership in the Company
  4. Memberikan laporan tentang tugas pengawasan yang                 and other companies;
     telah dilakukan selama tahun buku yang baru lampau            4. Provide a report on the supervisory duties performed in
     kepada RUPS;                                                     the previous fiscal year to the GMS;
  5. Dalam kondisi tertentu, Dewan Komisaris wajib                 5. Under certain conditions, the Board of Commissioners
     menyelenggarakan RUPS Tahunan dan RUPS lainnya                   must hold an Annual GMS and other GMS in accordance
     sesuai dengan kewenangannya sebagaimana                          with their authority as regulated in the legislation and the
     diatur dalam peraturan perundang-undangan dan                    Articles of Association;
     Anggaran Dasar;                                               6. To support the effectiveness of the implementation of its
  6. Dalam rangka mendukung efektivitas pelaksanaan                   duties and responsibilities, the Board of Commissioners
     tugas dan tanggung jawabnya Dewan Komisaris wajib                must form Committees in accordance with applicable
     membentuk Komite sesuai dengan peraturan perundang-              laws and regulations and be authorized to form
     undangan yang berlaku dan berwenang untuk membentuk              other Committees in accordance with the needs of
     Komite lainnya sesuai kebutuhan Perseroan;                       the Company;
  7. Melakukan evaluasi terhadap kinerja komite yang               7. Evaluate the performance of the committees that support
     membantu pelaksanaan tugas dan tanggung jawabnya                 the implementation of their duties and responsibilities at
     setiap akhir tahun buku;                                         the end of the fiscal year;
  8. Dewan Komisaris bersama Direksi wajib menyusun:               8. The Board of Commissioners together with the Board of
     a. Pedoman yang mengikat setiap anggota Dewan                    Directors are required to arrange:
         Komisaris dan Direksi, sesuai dengan ketentuan               a. Guidelines that bind every member of the Board of
         peraturan perundangan yang berlaku;                              Commissioners and Directors, in accordance with the
     b. Kode etik yang berlaku bagi seluruh anggota Dewan                 provisions of prevailing laws and regulations;
         Komisaris dan anggota Direksi; karyawan/pegawai,             b. Code of Conduct that applies to all members
         serta pendukung organ yang dimiliki Perseroan,                   of the Board of Commissioners and Directors;
         sesuai dengan ketentuan peraturan perundangan                    employees, as well as supporting the Company’s
         yang berlaku.                                                    supporting organs in accordance with applicable laws
                                                                          and regulations.




236       LAPORAN TAHUNAN 2023                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                  Audited Report




Rekomendasi Dewan Komisaris
The Board of Commissioners’ Recommendations

Di tahun 2023, Dewan Komisaris telah melaksanakan fungsi                        In 2023, the Board of Commissioners performs
pengawasan serta memberikan nasihat dan rekomendasi                             its supervision function and provides advice and
kepada manajemen agar pengelolaan Perseroan dijalankan                          recommendations to the management to ensure that the
sesuai dengan kepentingan pemegang saham dan para                               Company runs in the interests of shareholders and other
pemangku kepentingan lainnya. Adapun rekomendasi yang                           stakeholders. The recommendations given by the Board
diberikan Dewan Komisaris kepada Direksi sepanjang tahun                        of Commissioners to the Board of Directors throughout
2023, antara lain:                                                              2023 include:
1. Kinerja keuangan agar mencapai target dan menjaga                            1. Ensure that financial performance targets are met and
    optimasi tingkat Risk Based Capital (RBC);                                      maintain the optimization of Risk Based Capital (RBC)
2. Implementasi Enterprise Resource Planning (ERP) sesuai                           level;
    timeline dan memastikan kesiapan dalam mendukung                            2. Implementation of Enterprise Resource Planning (ERP)
    penerapan PSAK 117;                                                             according to the timeline and ensuring its readiness to
3. Optimasi kontribusi Anak Perusahaan terhadap                                     support the implementation of PSAK 117;
    kinerja Perseroan;                                                          3. Optimization of subsidiaries' contribution to the
4. Peningkatan tata kelola dalam proses investasi                                   Company's performance;
    khususnya non-instrumen keuangan;                                           4. Improved governance in the investment process,
5. Pelaksanaan aksi korporasi agar senantiasa                                       especially non-financial instruments;
    memperhatikan kesesuaian dengan peraturan perundang-                        5. Implementation of corporate actions consistently comply
    undangan dan sistem tata kerja perusahaan serta kajian                          with laws and regulations and corporate governance
    yang andal;                                                                     systems as well as reliable studies;
6. Peningkatan internal control di TUGU Group;                                  6. Improved the internal control in TUGU Group;
7. Peningkatan tata kelola piutang;                                             7. Improved receivables management;
8. Pelaksanaan peningkatan kompetensi sumber daya                               8. Improved the Company's human resources (HR)
    manusia (SDM) Perseroan;                                                        competency;
9. Proses pelaksanaan pemisahan unit usaha syariah agar                         9. The implementation of spin-off in sharia unit should
    memperhatikan peraturan perundangan-undangan terkini.                           comply with the latest laws and regulations.




Rapat dan Tingkat Kehadiran Dewan Komisaris
The Board of Commissioners Meetings and Meeting Attendance

Ketentuan Rapat Dewan Komisaris                                                 The Board of Commissioners’ Meeting Provisions

Rapat Dewan Komisaris merupakan forum bagi anggota                              The Board of Commissioners meeting is a forum for
Dewan Komisaris untuk mengambil keputusan secara                                members of the Board of Commissioners to make
kolektif serta membahas kinerja Direksi dalam mengelola                         collective decisions and discuss the performance of the
Perseroan. Sesuai Anggaran Dasar Perseroan, Dewan                               Board of Directors in managing the Company. In pursuant
Komisaris wajib mengadakan Rapat paling kurang 1 (satu)                         to the Company’s Articles of Association, the Board of
kali sebulan, dan rapat dengan mengundang Direksi paling                        Commissioners must hold a meeting at least once a month,
sedikit 4 (empat) kali dalam setahun, serta mengadakan                          and meetings by inviting the Board of Directors at least 4
rapat bersama Auditor Eksternal paling kurang 1 (satu) kali                     (four) times a year and meeting with External Auditor at
dalam setahun. Di samping itu Dewan Komisaris dapat                             least once a year. In addition, the Board of Commissioners
mengadakan rapat sewaktu-waktu atas permintaan 1 (satu)                         may hold meetings at any time at the request of 1 (one)
atau beberapa anggota Dewan Komisaris atau Direksi,                             or several members of the Board of Commissioners or the
dengan menyebutkan hal-hal yang akan dibicarakan.                               Board of Directors, by stating the issues to be discussed.




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      1    Kilas Kinerja                2   Laporan Manajemen                3   Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
           Performance Review               Management Report                    Company Profile                   Management Discussion and Analysis




  Rapat Internal Dewan Komisaris                                                     The Board of Commissioners’ Internal Meeting

  Sepanjang tahun 2023, Dewan Komisaris telah                                        In 2023, the Board of Commissioners held 18 (eighteen)
  melaksanakan rapat internal sebanyak 18 (delapan belas)                            internal meetings and 1 (one) meeting with the External
  kali dan rapat Dewan Komisaris dengan Auditor Eksternal                            Auditor. The following table presents the total of the Board of
  sebanyak 1 (satu) kali. Adapun jumlah Rapat Internal Dewan                         Commissioners’ Internal Meeting:
  Komisaris dan kehadiran anggota Dewan Komisaris dalam
  Rapat Internal tersebut dapat dilihat sebagai berikut:


           Nama Dewan Komisaris
                                                      Jumlah Rapat                          Jumlah Kehadiran                 Persentase Tingkat Kehadiran
              Name of Board of
                                                      Total Meetings                         Total Attendance                     Attendance Rate in %
               Commissioners
       Dian Masyita                                          19                                       19                                     100%
       Amelia Kurniawan 1)                                    6                                       6                                      100%
       Bagus Agung Rahadiansyah 2)                           11                                       11                                     100%
       Adi Zakaria Afiff 3)                                   6                                       6                                      100%
       Samuel Lie (Samuel Ramna)   4)
                                                              2                                       2                                      100%
       Poerwo Tjahjono                                       19                                       19                                     100%
       Tajudin Noor 5)                                        -                                        -                                       -

  1)
     Tidak lagi menjabat sebagai Komisaris sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
     Efektif menjabat sebagai Komisaris sejak 23 Juni 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  3)
     Tidak lagi menjabat sebagai Komisaris Independen sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  4)
     Efektif menjabat sebagai Komisaris sejak 4 Desember 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  5)
     Efektif menjabat sebagai Komisaris Independen sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  1)
     No longer serves as Commissioner since the closing of the Annual GMS on 28 April 2023.
  2)
     Effectively serving as Commissioner since 23 June 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
  3)
     No longer serves as Independent Commissioner since the closing of the Annual GMS on 28 April 2023.
  4)
     Effectively serving as Commissioner since 4 December 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
  5)
     Effectively serving as Independent Commissioner since 18 January 2024 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).



  Rapat Dewan Komisaris Mengundang Direksi                                           The Board of Commissioners’ Joint Meeting with the
                                                                                     Board of Directors

  Di tahun 2023, Dewan Komisaris juga mengadakan rapat                               In 2023, the Board of Commissioners held 11 (eleven) joint
  dengan mengundang Direksi yang diselenggarakan sebanyak                            meetings with the Board of Directors. The following table
  11 (sebelas) kali dengan jumlah rapat dan kehadiran                                presents the total meeting and attendance of the Board of
  anggota Dewan Komisaris sebagai berikut:                                           Commissioners in the Joint Meeting:


           Nama Dewan Komisaris
                                                      Jumlah Rapat                          Jumlah Kehadiran                 Persentase Tingkat Kehadiran
              Name of Board of
                                                      Total Meetings                         Total Attendance                     Attendance Rate in %
               Commissioners
       Dian Masyita                                          11                                       11                                     100%
       Amelia Kurniawan 1)                                    4                                       4                                      100%
       Bagus Agung Rahadiansyah 2)                            6                                       7                                      86%
       Adi Zakaria Afiff 3)                                   4                                       4                                      100%
       Samuel Lie (Samuel Ramna) 4)                           2                                       2                                      100%
       Poerwo Tjahjono                                       11                                       11                                     100%
       Tajudin Noor 5)                                        -                                        -                                       -

  1)
     Tidak lagi menjabat sebagai Komisaris sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
     Efektif menjabat sebagai Komisaris sejak 23 Juni 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  3)
     Tidak lagi menjabat sebagai Komisaris Independen sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  4)
     Efektif menjabat sebagai Komisaris sejak 4 Desember 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  5)
     Efektif menjabat sebagai Komisaris Independen sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
  1)
     No longer serves as Commissioner since the closing of the Annual GMS on 28 April 2023.
  2)
     Effectively serving as Commissioner since 23 June 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
  3)
     No longer serves as Independent Commissioner since the closing of the Annual GMS on 28 April 2023.
  4)
     Effectively serving as Commissioner since 4 December 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
  5)
     Effectively serving as Independent Commissioner since 18 January 2024 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).

238       LAPORAN TAHUNAN 2023                                                                                          PT Asuransi Tugu Pratama Indonesia Tbk
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        Corporate Governance                   Corporate Social Responsibility                        Audited Report




Kehadiran Dewan Komisaris dalam RUPS Tahunan
Board of Commissioners Attendance in Annual GMS
                                                                                                                      Kehadiran pada RUPS
             Nama Dewan Komisaris                                           Jabatan
                                                                                                                        pada 28 April 2023
          Name of Board of Commissioners                                    Position
                                                                                                             Attendance at Annual GMS on 28 April 2023
     Dian Masyita                                      Presiden Komisaris & Komisaris Independen                                    Hadir
                                                       President Commissioner and Independent                                      Present
                                                       Commissioner
 Amelia Kurniawan 1)                                   Komisaris                                                                    Hadir
                                                       Commissioner                                                                Present
 Bagus Agung Rahadiansyah 2)                           Komisaris                                                                    Hadir
                                                       Commissioner                                                                Present
 Adi Zakaria Afiff 3)                                  Komisaris Independen                                                         Hadir
                                                       Independent Commissioner                                                    Present
 Samuel Lie (Samuel Ramna) 4)                          Komisaris                                                                    Hadir
                                                       Commissioner                                                                Present
 Poerwo Tjahjono                                       Komisaris Independen                                                         Hadir
                                                       Independent Commissioner                                                    Present
 Tajudin Noor 5)                                       Komisaris Independen                                                      Tidak Hadir
                                                       Independent Commissioner                                                    Absent

1)
   Tidak lagi menjabat sebagai Komisaris sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
2)
   Efektif menjabat sebagai Komisaris sejak 23 Juni 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
3)
   Tidak lagi menjabat sebagai Komisaris Independen sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
4)
   Efektif menjabat sebagai Komisaris sejak 4 Desember 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
5)
   Efektif menjabat sebagai Komisaris Independen sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
1)
   No longer serves as Commissioner since the closing of the Annual GMS on 28 April 2023.
2)
   Effectively serving as Commissioner since 23 June 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
3)
   No longer serves as Independent Commissioner since the closing of the Annual GMS on 28 April 2023.
4)
   Effectively serving as Commissioner since 4 December 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
5)
   Effectively serving as Independent Commissioner since 18 January 2024 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).



Pelatihan dan/atau Peningkatan Kompetensi Anggota Dewan Komisaris
Training and/or Competency Enhancement of Members of the Board of Commissioners

Program Pengenalan/Orientasi Anggota Dewan                                         Orientation Program of the Board of
Komisaris yang Baru Diangkat                                                       Commissioners’ Newly Appointed Members

Tugu Insurance menyelenggarakan program pengenalan/                                Tugu Insurance conducts an orientation program for newly
orientasi untuk anggota Dewan Komisaris yang baru                                  appointed members of the Board of Commissioners. This
diangkat. Program pengenalan/orientasi bagi Dewan                                  orientation program for the new Board of Commissioners
Komisaris baru ini bertujuan untuk memberikan informasi                            members aims to provide information to related parties
kepada pihak terkait agar mendapatkan pemahaman lebih                              for better understanding of Tugu Insurance to support the
tentang Tugu Insurance guna mendukung pelaksanaan tugas                            implementation of their duties and responsibilities.
dan tanggung jawabnya.

Berdasarkan ketentuan Board Manual, kebijakan program                              The policies for the orientation program for new members
pengenalan/orientasi bagi Anggota Dewan Komisaris                                  of the Board of Commissioners are regulated in the Board
antara lain:                                                                       Manual as follows:
1. Untuk anggota Dewan Komisaris yang baru diangkat,                               1. Newly appointed members of the Board of
   wajib diberikan program pengenalan mengenai kondisi                                 Commissioners are required to get an introduction
   Perseroan secara umum;                                                              program regarding the general condition of the Company;
2. Penanggung jawab program pengenalan adalah Sekretaris                           2. The person in charge of the orientation program is
   Perusahaan atau pejabat yang menjalankan fungsi                                     the Corporate Secretary or official who performs the
   sebagai Sekretaris Perusahaan;                                                      functions of the Corporate Secretary;
3. Program pengenalan meliputi:                                                    3. The orientation program includes:
   a. Pelaksanaan prinsip-prinsip tata kelola di Perseroan;                            a. Implementation of the principles of Good Corporate
                                                                                           Governance in the Company;



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          Performance Review          Management Report             Company Profile            Management Discussion and Analysis




         b. Keterangan mengenai tugas, tanggung jawab, dan                b. Information regarding the duties, responsibilities,
            hak Dewan Komisaris dan Direksi serta hal lain                    and rights of the Board of Commissioners and the
            yang dilarang berdasarkan ketentuan dan Peraturan                 Board of Directors, as well as other matters that are
            Perundangan yang Berlaku;                                         prohibited based on the provisions and applicable
         c. Gambaran mengenai Perseroan berkaitan dengan                      laws and regulations;
            tujuan, sifat, dan lingkup kegiatan, kinerja keuangan         c. A description of the Company relating to the
            dan operasi, strategi, rencana usaha jangka pendek                objectives, characteristics, and scope of activities,
            dan jangka panjang, risiko, pengendalian internal dan             financial and operating performance, strategies, short-
            masalah-masalah strategis lainnya;                                term and long-term business plans, risks, internal
         d. Keterangan berkaitan dengan kewenangan yang                       control, and other strategic issues;
            didelegasikan, audit internal dan eksternal,                  d. Information relating to delegated authority, internal
            sistem dan kebijakan pengendalian internal serta                  and external audits, internal control systems and
            Komite Audit.                                                     policies, and the Audit Committee.
      4. Program pengenalan dapat berupa presentasi,                   4. The orientation program is possibly in the form of
         pertemuan, kunjungan ke fasilitas Perseroan, kunjungan           presentations, meetings, visits to the Company’s
         ke kantor-kantor cabang, pengkajian dokumen                      facilities, visits to branch offices, reviewing the
         Perseroan atau program lainnya yang dianggap sesuai              Company’s documents, or other programs deemed
         dengan kebutuhan.                                                appropriate based on the needs.

      Di tahun 2023, Perseroan melaksanakan program                    In 2023, the orientation program was carried out for the
      pengenalan/orientasi bagi Komisaris yang baru menjabat           new Commissioners, namely Mr. Samuel Ramna dan Mr.
      yakni Bapak Samuel Ramna dan Bapak Tajudin Noor.                 Tajudin Noor.

  Pelatihan dan/atau Peningkatan Kompetensi                            Training and/or Competency Enhancement of the
  Anggota Dewan Komisaris                                              Board of Commissioners

  Mengacu pada Board Manual, program peningkatan                       The Board Manual regulates policies regarding competency
  kompetensi bagi Dewan Komisaris diatur sebagai berikut:              enhancement programs for the Board of Commissioners
                                                                       as follows:
  1. Program peningkatan kompetensi dilaksanakan dalam                 1. The competency enhancement program is implemented
     rangka meningkatkan efektivitas kerja Dewan Komisaris;                to improve the work effectiveness of the Board
  2. Rencana untuk melaksanakan program peningkatan                        of Commissioners;
     kompetensi harus dimasukkan dalam rencana kerja dan               2. To implement the competency enhancement, the planning
     anggaran Dewan Komisaris;                                             program must be included in the work plan and budget of
  3. Setiap Anggota Dewan Komisaris yang mengikuti program                 the Board of Commissioners;
     peningkatan kompetensi seperti seminar dan/atau                   3. Each member of the Board of Commissioners who
     pelatihan diminta untuk menyajikan presentasi kepada                  participates in the competency enhancement programs,
     anggota Dewan Komisaris lainnya dalam rangka berbagi                  such as seminars and/or training, is required to
     informasi dan pengetahuan.                                            provide presentations to other members of the Board
  4. Anggota Dewan Komisaris yang bersangkutan                             of Commissioners in order to share information
     bertanggung jawab untuk membuat laporan tentang                       and knowledge.
     pelaksanaan program peningkatan kompetensi;                       4. The member of the Board of Commissioners concerned
  5. Laporan tersebut disampaikan kepada Dewan Komisaris.                  is responsible for making reports on the implementation
                                                                           of the competency enhancement program;
                                                                       5. The report is submitted to the Board of Commissioners.




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Sepanjang tahun 2023, Dewan Komisaris telah mengikuti                           The following are competency enhancement programs
sejumlah program peningkatan kompetensi sebagai berikut:                        attended by Members of the Board of Commissioners
                                                                                in 2023:


                                                                  Program Peningkatan Kompetensi
       Nama                                                        Competency Enhancement Program
       Name                   Tempat dan Tanggal                                   Subjek                               Penyelenggara
                                Date and Place                                     Subject                                Organizer
 Dian Masyita        Virtual Zoom/3 Maret 2023                   Kick Off Meeting Tantangan dan              Indonesia Risk Management
                     Virtual Zoom/3 March 2023                   Peluang Profesi Manajemen Risiko            Professional Association (IRMAPA)
                                                                 dalam Pencapaian Tujuan Keuangan
                                                                 Berkelanjutan.

                                                                 Kick Off Meeting Challenges and
                                                                 Opportunities for the Risk Management
                                                                 Profession in Achieving Sustainable
                                                                 Financial Goals.
                     Virtual Zoom/15 Maret 2023                  Webinar Internasional Global Turmoil:       Enterprise Risk Management Academy
                     Virtual Zoom/15 March 2023                  The Unpredictable Landscape.                (ERMA)
                                                                 Global Turmoil International Webinar:
                                                                 The Unpredictable Landscape.
                     Virtual Zoom/16 Maret 2023                  Webinar Risk Management Forum               Forum Pertamina
                     Virtual Zoom/16 March 2023                  Pertamina Across the Group 2023.
                     Virtual Zoom/27 September 2023              Optimizing Business Continuity Strategy     Indonesia Risk Management
                     Virtual Zoom/27 September 2023              to Achieve Sustainable Objectives.          Professional Association (IRMAPA)
                     Virtual Zoom/11-14 Oktober 2023             27th Indonesia Rendezvous 2023.             Asosiasi Asuransi Umum Indonesia
                     Virtual Zoom/11-14 October 2023                                                         (AAUI)

                                                                                                             Indonesian General Insurance
                                                                                                             Association (AAUI)
 Amelia              Virtual Zoom/3 Maret 2023                   Kick Off Meeting Tantangan dan              Indonesia Risk Management
 Kurniawan 1)        Virtual Zoom/3 March 2023                   Peluang Profesi Manajemen Risiko            Professional Association (IRMAPA)
                                                                 dalam Pencapaian Tujuan Keuangan
                                                                 Berkelanjutan.

                                                                 Kick Off Meeting Challenges and
                                                                 Opportunities for the Risk Management
                                                                 Profession in Achieving Sustainable
                                                                 Financial Goals.
                     Virtual Zoom/15 Maret 2023                  Webinar Internasional Global Turmoil: The   Enterprise Risk Management Academy
                     Virtual Zoom/15 March 2023                  Unpredictable Landscape.                    (ERMA)

                                                                 Global Turmoil International Webinar:
                                                                 The Unpredictable Landscape.
 Bagus Agung         Virtual Zoom/21 Februari 2023               HR Audit & Menyusun Program Kerja HR        Widya Dharma Artha
 Rahadiansyah 2)     Virtual Zoom/21 February 2023               sebagai Langkah Pengendalian Risiko
                                                                 Operasional Perusahaan.

                                                                 HR Audit and Developing HR Work
                                                                 Programs as Measures to Control
                                                                 Company Operational Risk.
                     Virtual Zoom/23-24 Februari 2023            Simulation Based Workshop of Key Risk       Center Risk Management of Studies
                     Virtual Zoom/23-24 February 2023            Indicators                                  (CRMS)




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          Performance Review                 Management Report              Company Profile                 Management Discussion and Analysis




                                                                    Program Peningkatan Kompetensi
             Nama                                                    Competency Enhancement Program
             Name                    Tempat dan Tanggal                             Subjek                                 Penyelenggara
                                       Date and Place                               Subject                                  Organizer
                             Virtual Zoom/3 Maret 2023              Kick Off Meeting Tantangan dan              Indonesia Risk Management
                             Virtual Zoom/3 March 2023              Peluang Profesi Manajemen Risiko            Professional Association (IRMAPA)
                                                                    dalam Pencapaian Tujuan Keuangan
                                                                    Berkelanjutan.

                                                                    Kick Off Meeting Challenges and
                                                                    Opportunities for the Risk Management
                                                                    Profession in Achieving Sustainable
                                                                    Financial Goals.
                             Virtual Zoom/15 Maret 2023             Webinar Internasional Global Turmoil: The   Enterprise Risk Management Academy
                             Virtual Zoom/15 March 2023             Unpredictable Landscape.                    (ERMA)

                                                                    Global Turmoil International Webinar:
                                                                    The Unpredictable Landscape.
                             Virtual Zoom/17 Juli 2023              Penerapan Manajemen Risiko Sudah            Widya Dharma Artha
                             Virtual Zoom/17 July 2023              Efektif.

                                                                    Implementation of Risk Management is
                                                                    Effective.
                             Virtual Zoom/29 Juli 2023              Digital Risk Management                     Widya Dharma Artha
                             Virtual Zoom/29 July 2023
      Adi Zakaria Afiff 3)   Virtual Zoom/3 Maret 2023              Kick Off Meeting Tantangan dan              Indonesia Risk Management
                             Virtual Zoom/3 March 2023              Peluang Profesi Manajemen Risiko            Professional Association (IRMAPA)
                                                                    dalam Pencapaian Tujuan Keuangan
                                                                    Berkelanjutan.

                                                                    Kick Off Meeting Challenges and
                                                                    Opportunities for the Risk Management
                                                                    Profession in Achieving Sustainable
                                                                    Financial Goals.
      Samuel Lie             Virtual Zoom/30 Mei 2023 & 2, 9 Juni   Inhouse Training dan Ujian Sertifikasi      Widya Dharma Artha
      (Samuel Ramna) 4)      2023                                   Manajemen Risiko Kompetensi Qualified
                             Virtual Zoom/30 May 2023 and 2, 9      Risk Governance Professional (QRGP).
                             June 2023
                                                                    Inhouse Training and Risk Management
                                                                    Certification Examination Qualified
                                                                    Risk Governance Professional (QRGP)
                                                                    Competency.
      Poerwo Tjahjono        Virtual Zoom/23-24 Februari 2023       Simulation Based Workshop of Key Risk       Center Risk Management of Studies
                             Virtual Zoom/23-24 February 2023       Indicators.                                 (CRMS)
                             Virtual Zoom/3 Maret 2023              Kick Off Meeting Tantangan dan              Indonesia Risk Management
                             Virtual Zoom/3 March 2023              Peluang Profesi Manajemen Risiko            Professional Association (IRMAPA)
                                                                    dalam Pencapaian Tujuan Keuangan
                                                                    Berkelanjutan.

                                                                    Kick Off Meeting Challenges and
                                                                    Opportunities for the Risk Management
                                                                    Profession in Achieving Sustainable
                                                                    Financial Goals.
                             Virtual Zoom/6 April 2023              Webinar Level 7 "Manajemen Risiko           Itikad Academy
                             Virtual Zoom/6 April 2023              Perusahaan Pialang Asuransi".

                                                                    Webinar Level 7 "Risk Management of
                                                                    Insurance Brokerage Companies".
                             Virtual Zoom/19 Agustus 2023           AP Analysis IFRS S1 and S2.                 Forum Akuntan Manajemen
                             Virtual Zoom/19 August 2023                                                        Management Accountants Forum
                             Virtual Zoom/14 & 15 September 2023    Refreshment Certified Risko Professional    IRBA (Indonesia Risk & Business
                             Virtual Zoom/14 & 15 September 2023    (CRP) 2023.                                 Advisory) Group



242       LAPORAN TAHUNAN 2023                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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         Corporate Governance                  Corporate Social Responsibility                       Audited Report




                                                                      Program Peningkatan Kompetensi
           Nama                                                        Competency Enhancement Program
           Name                   Tempat dan Tanggal                                   Subjek                                    Penyelenggara
                                    Date and Place                                     Subject                                     Organizer
                          Virtual Zoom/27 September 2023              Optimizing Business Continuity Strategy       Indonesia Risk Management
                          Virtual Zoom/27 September 2023              to Achieve Sustainable Objectives.            Professional Association (IRMAPA)
                          Ballroom Puri Agung Hotel Sahid             Mengawal Keberlanjutan dan                    Ikatan Komite Audit Indonesia (IKAI)
                          Jaya/19 Oktober 2023                        Pertumbuhan Perseroan melalui                 Indonesian Audit Committee Association
                          Puri Agung Hotel Sahid Jaya                 Pengawasan dan Pengendalian Risiko.           (IKAI)
                          Ballroom/19 October 2023
                                                                      Overseeing the Company's Sustainability
                                                                      and Growth through Supervision and
                                                                      Risk Control.
     Tajudin Noor 5)      Virtual Zoom/22, 24, 30 Mei 2023            Inhouse Training dan Ujian Sertifikasi        Widya Dharma Artha
                          Virtual Zoom/22, 24, 30 May 2023            Manajemen Risiko Kompetensi Qualified
                                                                      Risk Governance Profesional (QRGP).

                                                                      Inhouse Training and Risk Management
                                                                      Certification Examination Qualified
                                                                      Risk Governance Professional (QRGP)
                                                                      Competency.
                          Virtual Zoom/12 Desember 2023               Sosialisasi POJK Anti Pencucian Uang,         Tugu Institute
                          Virtual Zoom/12 December 2023               Pencegahan Pendanaan Terorisme,
                                                                      dan Pencegahan Pendanaan Proliferasi
                                                                      Senjata Pemusnah Massal (APU, PPT,
                                                                      dan PPPSPM).

                                                                      Dissemination of POJK on Anti-Money
                                                                      Laundering, Prevention of Terrorism
                                                                      Financing, and Prevention of Funding for
                                                                      the Proliferation of Weapons of Mass
                                                                      Destruction (APU, PPT, and PPPSPM).

1)
   Tidak lagi menjabat sebagai Komisaris sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
2)
   Efektif menjabat sebagai Komisaris sejak 23 Juni 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
3)
   Tidak lagi menjabat sebagai Komisaris Independen sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
4)
   Efektif menjabat sebagai Komisaris sejak 4 Desember 2023 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
5)
   Efektif menjabat sebagai Komisaris Independen sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
1)
   No longer serves as Commissioner since the closing of the Annual GMS on 28 April 2023.
2)
   Effectively serving as Commissioner since 23 June 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
3)
   No longer serves as Independent Commissioner since the closing of the Annual GMS on 28 April 2023.
4)
   Effectively serving as Commissioner since 4 December 2023 based on the results of Fit and Proper Test from the Financial Services Authority (OJK).
5)
   Effectively serving as Independent Commissioner since 18 January 2024 based on the results of the Fit and Proper Test from the Financial Services Authority
    (OJK).




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          Performance Review          Management Report             Company Profile            Management Discussion and Analysis




  Penilaian Kinerja Komite di Bawah Dewan Komisaris
  Performance Assessment of the Committee under the Board of Commissioners

  Dewan Komisaris membentuk komite sebagai upaya                       To support the effectiveness of the implementation of their
  mendukung efektivitas pelaksanaan tugas dan tanggung                 duties and responsibilities, the Board of Commissioners has
  jawabnya, di antaranya Komite Audit, Komite Pemantau                 formed the Audit Committee, the Risk Monitoring Committee,
  Risiko, dan Komite Nominasi dan Remunerasi, sesuai                   and the Nomination and Remuneration Committee, in
  dengan perkembangan peraturan perundang-undangan yang                accordance with the development of prevailing legislation
  berlaku dan/atau sesuai dengan kebutuhan Perseroan.                  and/or according to the needs of the Company. The
  Komite yang dibentuk mempunyai tugas membantu Dewan                  established committees have duties to assist the Board
  Komisaris dalam memantau, mengevaluasi dan memastikan                of Commissioners in monitoring, evaluating, and ensuring
  antara lain namun tidak terbatas pada: efektivitas informasi         among others but not limited to: the effectiveness of
  keuangan, sistem pengendalian internal, penerapan                    financial information, internal control system, implementation
  manajemen risiko, pelaksanaan audit internal, pelaksanaan            of risk management, implementation of internal audit,
  audit eksternal, kepatuhan dan penanganan pengaduan                  implementation of external audit, compliance and handling
  terkait pelaporan keuangan, penerapan prinsip-prinsip                of complaints related to financial reporting, implementation
  tata kelola sesuai peraturan yang berlaku serta fungsi               of corporate governance principles in accordance applicable
  nominasi dan remunerasi bagi Direksi dan Dewan Komisaris             regulations as well as nomination and remuneration function
  (berkoordinasi dengan induk perusahaan). Untuk membantu              for the Board of Directors and Board of Commissioners (in
  kelancaran pelaksanaan tugasnya, Dewan Komisaris juga                coordination with the parent company). To help smooth the
  berhak mendapatkan bantuan Sekretaris Dewan Komisaris                implementation of their duties, the Board of Commissioners
  atas biaya Perseroan.                                                also has the right to receive assistance from the Secretary
                                                                       of the Board of Commissioners at the Company’s expense.

  Dalam menjalankan fungsi pengawasan, Dewan Komisaris                 In performing its supervisory function, the Board of
  melakukan penilaian kinerja terhadap komite-komite di                Commissioners also conducts performance assessments
  bawah Dewan Komisaris. Penilaian kinerja ini dilakukan               of the committees under the Board of Commissioners.
  secara berkala dengan melakukan penilaian 360o                       This performance assessment is carried out periodically
  menggunakan AKHLAK Behavior Survey dan Key Performance               by conducting a 360o assessment using the AKHLAK
  Indicator (KPI) yang antara lain mencakup aspek-aspek                Behavior Survey and Key Performance Indicator (KPI) which
  perencanaan, pelaksanaan tugas, pelaporan, dan dinamis.              include the planning, duty implementation, reporting, and
                                                                       dynamic aspects.

      Pelaksanaan Program/Rencana Kerja Komite dilakukan               The Committee Programs/Work Plans are carried out
      melalui mekanisme rapat komite termasuk dengan                   through a committee meeting mechanism by inviting related
      mengundang divisi-divisi/satuan kerja terkait serta              divisions/work units as well as in-depth review/evaluation by
      penelaahan/evaluasi/review secara mendalam oleh masing-          each committee outside the meeting forum. The results are
      masing komite di luar forum rapat yang hasilnya disampaikan      submitted in writing to the Board of Commissioners.
      secara tertulis kepada Dewan Komisaris.

      Pada tahun 2023, Dewan Komisaris menilai Komite-Komite           The Board of Commissioners assesses that the Committees
      di bawah Dewan Komisaris telah melaksanakan tugas dan            under the Board of Commissioners have performed excellent
      tanggung jawabnya dengan baik sesuai dengan Piagam               work in fulfilling the duties and responsibilities in 2023 in
      Komite dan peraturan perundang-undangan yang berlaku.            accordance with the Committee Charters and the prevailing
      Adapun uraian mengenai penilaian masing-masing Komite            laws and regulations. The description of the assessment of
      adalah sebagai berikut:                                          each Committee is as follows:




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      Corporate Governance                   Corporate Social Responsibility                    Audited Report




         Komite dan Fungsi di Bawah
               Dewan Komisaris                                                      Hasil Penilaian Kinerja
 No.
         Committees and Function under                                          Performance Assessment Result
          the Board of Commissioners
 1.      Komite Audit                        Komite Audit telah melakukan telaah atas Laporan Keuangan Perseroan dan Entitas Anak, melakukan
         Audit Committee                     pemantauan kinerja keuangan, mengevaluasi perencanaan dan pelaksanaan audit serta memantau
                                             tindak lanjut hasil audit, dan merekomendasikan penunjukan Kantor Akuntan Publik untuk melakukan
                                             audit atas Laporan Keuangan Perseroan dan Entitas Anak; melakukan penelaahan atas kecukupan
                                             usaha manajemen dalam mendesain dan melaksanakan sistem pengendalian internal yang efektif;
                                             melakukan koordinasi dengan internal auditor dalam pelaksanaan tugasnya; melakukan pemantauan
                                             terhadap efektivitas manajemen dalam upaya penilaian dan pengelolaan risiko serta kepatuhan terhadap
                                             peraturan perundang-undangan; melakukan pemantauan terhadap efektivitas mekanisme pengaduan
                                             dari pegawai atau pihak ketiga yang dilakukan oleh manajemen; serta menjaga kerahasiaan dokumen,
                                             data dan informasi perusahaan.

                                             Dalam melaksanakan tugas dan tanggung jawabnya pada 2023, Komite Audit mengadakan 36 (tiga
                                             puluh enam) kali rapat termasuk rapat koordinasi dengan Komite Komisaris lainnya, dan rapat dengan
                                             manajemen, serta mengikuti pelatihan dan seminar dalam rangka mengembangkan kompetensinya.

                                             The Audit Committee has reviewed the Company's and Subsidiaries' Financial Reports, monitored
                                             financial performance, evaluated audit planning and implementation, as well as monitored the follow-up
                                             to audit results, and recommended the appointment of a Public Accounting Firm to conduct an audit of
                                             the Company's and Subsidiaries' Financial Reports; review the adequacy of management's efforts in
                                             designing and implementing an effective internal control system; coordinate with internal auditors in
                                             carrying out their duties; monitor management effectiveness in assessing and managing risks as well
                                             as compliance with statutory regulations; monitor the effectiveness of complaint mechanisms from
                                             employees or third parties carried out by management; and maintain the confidentiality of Company
                                             documents, data and information.

                                             In carrying out its duties and responsibilities in 2023, the Audit Committee held 36 (thirty six)
                                             meetings including coordination meetings with other Commissioner’s Committees, and meetings with
                                             management, as well as attending training and seminars in order to develop its competence.
 2.      Komite Pemantau Risiko              Komite Pemantau Risiko telah menjalankan tugas untuk membantu Dewan Komisaris dalam mengawasi
         Risk Monitoring Committee           pelaksanaan manajemen risiko agar sesuai dengan kebijakan Perseroan, antara lain dengan mengawasi
                                             agar keberadaan kebijakan manajemen risiko yang disusun oleh Direksi, termasuk toleransi yang
                                             diambil telah memadai dan sesuai dengan kebutuhan Perseroan; mengawasi pengelolaan risiko di
                                             Perseroan, khususnya usaha dan strategi yang dilakukan Direksi; mengawasi agar pelaporan risiko telah
                                             disampaikan kepada Dewan Komisaris sesuai dengan ketentuan dan kebutuhan Dewan Komisaris,
                                             memastikan dipatuhinya prinsip GCG dan Code of Conduct, mengkaji kinerja direktorat-direktorat, dan
                                             membina hubungan profesional dengan Komite lain dan Manajemen.

                                             Dalam melaksanakan tugas dan tanggung jawabnya pada 2023, Komite Pemantau Risiko mengadakan
                                             13 (tiga belas) kali rapat termasuk rapat koordinasi dengan Komite Komisaris lainnya, dan rapat dengan
                                             manajemen. Program pengembangan Komite Pemantau Risiko dilaksanakan sejalan dengan program
                                             strategis Perseroan, melalui seminar, workshop, dan pelatihan.

                                             The Risk Monitoring Committee has carried out its duties to assist the Board of Commissioners in
                                             supervising the implementation of risk management so that it is in accordance with Company policy,
                                             including by monitoring the existence of risk management policies prepared by the Board of Directors,
                                             including the tolerances taken, are adequate and in accordance with the Company's needs; supervise
                                             risk management in the Company, especially the efforts and strategies carried out by the Board of
                                             Directors; supervise that risk reporting is submitted to the Board of Commissioners in accordance with
                                             the provisions and needs of the Board of Commissioners, ensure compliance with GCG principles and
                                             Code of Conduct, review the performance of directorates, and foster professional relationships with other
                                             Committees and Management.

                                             In carrying out its duties and responsibilities in 2023, the Risk Monitoring Committee held 13 (thirteen)
                                             meetings including coordination meetings with other Commissioners Committees, and meetings with
                                             management. The Risk Monitoring Committee development program is implemented in line with the
                                             Company's strategic program, through seminars, workshops and training.




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           Performance Review              Management Report               Company Profile                 Management Discussion and Analysis




              Komite dan Fungsi di Bawah
                    Dewan Komisaris                                                   Hasil Penilaian Kinerja
      No.
              Committees and Function under                                       Performance Assessment Result
               the Board of Commissioners
      3.      Komite Nominasi dan Remunerasi   Komite Nominasi dan Remunerasi telah membantu Dewan Komisaris untuk melaksanakan fungsi dan
              Nomination and Remuneration      tugasnya terkait Nominasi dan Remunerasi anggota Direksi dan Dewan Komisaris serta nominasi
              Committee                        Group Head antara lain melalui pemberian rekomendasi kepada Dewan Komisaris terkait komposisi
                                               jabatan anggota Dewan Komisaris dan Direksi, kebijakan dan kriteria yang dibutuhkan dalam proses
                                               Nominasi, kebijakan evaluasi kinerja anggota Dewan Komisaris dan Direksi, membantu Dewan Komisaris
                                               melakukan penilaian kinerja berdasarkan tolak ukur yang telah ditetapkan dan kesesuaian remunerasi
                                               yang diterima, memberikan rekomendasi terkait program pengembangan kompetensi anggota Dewan
                                               Komisaris dan Direksi. Komite Nominasi dan Remunerasi memberikan pertimbangan terkait struktur,
                                               kebijakan dan besaran Remunerasi.

                                               Dalam melaksanakan tugas dan tanggung jawabnya pada 2023, Komite Nominasi dan Remunerasi
                                               mengadakan 16 (enam belas) kali rapat. Disamping itu, tugas tambahan yang diberikan kepada anggota
                                               Komite juga telah dilaksanakan sesuai dengan arahan dan hasil rapat internal maupun dengan pihak
                                               lain yang terkait dalam rangka pencapaian program strategis Perseroan.

                                               The Nomination and Remuneration Committee has assisted the Board of Commissioners to carry out its
                                               functions and duties regarding the Nomination and Remuneration of members of the Board of Directors
                                               and Board of Commissioners as well as the nomination of Group Head level including by providing
                                               recommendations to the Board of Commissioners regarding the composition of members of the Board
                                               of Commissioners and Board of Directors, policies and criteria required in the Nomination process,
                                               performance evaluation policies for members of the Board of Commissioners and Directors, assist the
                                               Board of Commissioners in conducting performance assessments based on predetermined benchmarks
                                               and suitability of remuneration received, provide recommendations regarding competency development
                                               programs for members of the Board of Commissioners and Directors. The Nomination and Remuneration
                                               Committee provides considerations related to structure, policies and amount of Remuneration.

                                               In carrying out its duties and responsibilities in 2023, the Nomination and Remuneration Committee
                                               held 16 (sixteen) meetings. In addition, additional tasks given to Committee members have also been
                                               carried out in accordance with the guidance and results of internal meetings and with other related
                                               parties in order to achieve the Company's strategic program.
      4.      Sekretaris Dewan Komisaris       Sekretaris Dewan Komisaris telah membantu Dewan Komisaris sebagai koordinator dalam seluruh
              Secretary of the Board of        kegiatan administrasi yang dilaksanakan di Sekretariat Dewan Komisaris; koordinator kegiatan Dewan
              Commissioners                    Komisaris di Perseroan, seperti rapat, pertemuan dan lain-lain; bersama Komite Dewan Komisaris,
                                               menyusun Rencana Kegiatan dan Anggaran (RKA) Dewan Komisaris setiap tahun; bersama Komite
                                               Dewan Komisaris, melakukan analisis RKAP Perseroan, Business Plan Perseroan dan rekomendasinya
                                               kepada Dewan Komisaris; membuat notulis dan membuat summary pada setiap rapat antara Dewan
                                               Komisaris dan Direksi Tugu Insurance; serta tugas-tugas lain yang berhubungan dengan bidang
                                               kesekretariatan Dewan Komisaris.

                                               The Secretary of the Board of Commissioners has assisted the Board of Commissioners as the
                                               coordinator in all administrative activities conducted at the Secretariat of the Board of Commissioners;
                                               as a coordinator of the activities of the Board of Commissioners at the Company, such as meetings,
                                               gatherings and others; create the Board of Commissioners' Activities and Budget Plan (RKA) annually
                                               in collaboration with the Commissioners' Committees; analyze the Company’s RKAP, the Company’s
                                               Business Plan and recommendations to the Board of Commissioners in collaboration with the
                                               Commissioners’ Committees; make minutes summaries of each meeting between the Board of
                                               Commissioners and the Board of Directors of Tugu Insurance; as well as other tasks related to the Board
                                               of Commissioners’ secretariat.




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    3.C.
Direksi
Board of Directors



Direksi merupakan Organ Perseroan yang memiliki wewenang                        The Board of Directors is the Company’s Organ fully
dan tanggung jawab penuh dalam pengelolaan Perseroan                            authorized and responsible for managing the Company
agar dapat memberikan nilai tambah dan memastikan                               in order to produce added value and ensure business
kesinambungan usaha. Masing-masing anggota Direksi                              continuity. Each member of the Board of Directors
memiliki fokus tugas dan wewenang sesuai dengan yang                            implements his duties and makes decisions in accordance
telah ditentukan pada Anggaran Dasar serta mematuhi                             with the segregation of duties and authorities stipulated in
peraturan perundang-undangan yang berlaku.                                      the Articles of Association with due observance of prevailing
                                                                                laws and regulations.

Rapat Umum Pemegang Saham (RUPS) memiliki hak                                   The General Meeting of Shareholders (GMS) has the final
tertinggi dalam pengangkatan dan pemberhentian anggota                          authority in the appointment and dismissal of members of
Direksi. Sebagai wujud akuntabilitas, Direksi bertanggung                       the Board of Directors. As a realization of accountability, the
jawab secara penuh atas pelaporan pengelolaan Perseroan                         Board of Directors is fully responsible for the Company’s
pada RUPS dalam rangka menerapkan prinsip-prinsip                               management report submitted to the GMS as an
tata kelola.                                                                    implementation of GCG principles.


Ketentuan Masa Jabatan Direksi
Provisions for Term of Office of the Board of Directors

Berdasarkan ketentuan yang telah ditetapkan dalam RUPS,                         As determined in GMS, the term of office of a member of the
masa jabatan anggota Direksi yang diangkat oleh RUPS                            Board of Directors appointed by GMS is effective from the
berlaku efektif sejak tanggal diperolehnya penetapan lulus                      date that they have passed the OJK’s fit and proper test and
uji kemampuan dan kepatutan OJK dan berakhir pada                               ends at the close of the 3rd (third) Annual GMS at the end of
penutupan RUPS Tahunan ke 3 (tiga) pada akhir 1 (satu)                          the 1 (one) period of the said term of office without prejudice
periode masa jabatan, dengan tidak mengurangi hak RUPS                          to the GMS right to dismiss at any time before their term of
tersebut untuk memberhentikan sewaktu-waktu sebelum                             office ends.
masa jabatannya berakhir.

Masa jabatan anggota Direksi berakhir apabila anggota                           The term of office of a member of the Board of Directors
Direksi tersebut:                                                               automatically ends, if the member of the Board of Director:
1. Mengundurkan diri;                                                           1. Resign;
2. Meninggal dunia;                                                             2. Passed Away;
3. Diberhentikan berdasarkan keputusan Rapat Umum                               3. Dismiss based on the resolution of the General Meeting
    Pemegang Saham;                                                                of Shareholders;
4. Ditaruh di bawah pengampuan berdasarkan suatu                                4. Be placed under interdiction based on a court resolution;
    putusan pengadilan;                                                         5. No longer meeting the requirements of the
5. Tidak lagi memenuhi persyaratan perundang-undangan                              applicable laws.
    yang berlaku.




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          Performance Review         Management Report         Company Profile              Management Discussion and Analysis




  Komposisi Direksi Tahun 2023
  The Board of Directors Composition in 2023

  Tugu Insurance menetapkan komposisi Direksi berdasarkan         The composition of Tugu Insurance Board of Directors is
  pada kompleksitas bisnis Perseroan dan struktur organisasi      adjusted to the size of the Company’s business complexity
  sehingga memungkinkan pengambilan putusan yang                  activities and organizational structure to enable effective,
  efektif, tepat dan cepat dalam rangka pencapaian tujuan-        precise and fast decision-making in order to achieve the
  tujuan Perseroan. Board Manual mengatur bahwa jumlah            Company’s goals. The Board Manual stipulated the number
  anggota Direksi sekurang-kurangnya adalah 3 (tiga) orang,       of the Board of Directors members is at least 3 (three)
  dan 1 (satu) di antara anggota Direksi tersebut adalah          and 1 (one) of the Board of Directors members is the
  Presiden Direktur.                                              President Director.

  Di tahun 2023, komposisi Direksi Tugu Insurance mengalami       In 2023, there were changes in the composition of Tugu
  perubahan sesuai dengan keputusan RUPS Tahunan tanggal          Insurance Board of Directors pursuant to the Annual GMS
  28 April 2023. Informasi lengkap mengenai perubahan             resolution on 28 April 2023. The complete information
  komposisi Direksi Tugu Insurance sepanjang tahun 2023           regarding changes in the composition of the Tugu Insurance
  dapat dilihat pada Bab Profil Perusahaan dalam Laporan          Board of Directors throughout 2023 can be seen in the
  Tahunan ini.                                                    Company Profile Chapter in this Annual Report.

  Adapun komposisi Direksi Tugu Insurance per 31 Desember         The composition of the Tugu Insurance Board of Directors as
  2023 adalah sebagai berikut:                                    of 31 December 2023 is as follows:


                                 Nama                                                           Jabatan
                                 Name                                                           Position
      Tatang Nurhidayat                                          Presiden Direktur
                                                                 President Director
      Emil Hakim                                                 Direktur Keuangan & Layanan Korporat
                                                                 Finance & Corporate Service Director
      Ery Widiatmoko                                             Direktur Pemasaran Asuransi
                                                                 Insurance Marketing Director
      Edi Yoga Prasetyo                                          Direktur Kepatuhan & Manajemen Risiko
                                                                 Compliance & Risk Management Director
      Sudarlin                                                   Direktur Teknik
                                                                 Technical Director



  Buku Panduan Direksi (Board Manual)
  Board of Directors Guidelines (Board Manual)

  Dalam menjalankan tugas dan tanggung jawabnya, Direksi          In carrying out its duties and responsibilities, the Board
  memiliki Pedoman (Board Manual) mengacu pada POJK No.           of Directors has a Board Manual referring to POJK
  33/2014 yang berisi tentang tugas pokok dan fungsi kerja.       No. 33/2014 which contains the main duties and
  Pada tanggal 31 Desember 2021, Dewan Komisaris dan              work functions. On 31 December 2021, the Board of
  Direksi telah mengesahkan Board Manual yang tidak dapat         Commissioners and Board of Directors have ratified the
  dipisahkan dari Anggaran Dasar Perusahaan dan GCG Soft          Board Manual which is an integral part of the Company's
  Structure Perseroan. Board Manual berlaku bagi pelaksanaan      Articles of Association and GCG Soft Structure. The
  hubungan kerja antar Dewan Komisaris dan Direksi dengan         Board Manual applies to the implementation of working
  mengacu kepada ketentuan yang terdapat dalam Anggaran           relationships between the Board of Commissioners and the
  Dasar Perseroan, dan/atau ketentuan peraturan perundang-        Board of Directors by referring to the provisions contained in
  undangan yang berlaku.                                          the Company's Articles of Association, and/or the provisions
                                                                  of applicable laws and regulations.




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Adapun hal-hal yang diatur terkait Direksi dalam Board                          The Board of Directors matters provided in the Board Manual
Manual, antara lain:                                                            include, among others,
1. Persyaratan, rangkap jabatan, komposisi, dan masa                            1. Requirements, concurrent positions, composition, and
   jabatan Direksi;                                                                 the term of office of the Board of Directors;
2. Tugas, wewenang, kewajiban, dan tanggung jawab Direksi;                      2. The duties, authorities, obligations, and responsibilities
3. Rapat Direksi;                                                                   of the Board of Directors;
4. Waktu kerja Direksi;                                                         3. Board of Directors meeting;
5. Komunikasi Direksi;                                                          4. The working hours of the Board of Directors;
6. Direksi dalam RUPS;                                                          5. Board of Directors communication;
7. Batasan & wewenang Direksi;                                                  6. The Board of Directors in the GMS;
8. Fungsi pendukung; dan                                                        7. Limitation & authorities of the Board of Directors;
9. Pelaporan dan pertanggungjawaban Direksi.                                    8. Supporting functions; and
                                                                                9. Reporting and accountability of the Board of Directors.

Tugas dan Kewajiban Direksi
The Duties and Obligations of the Board of Directors

Direksi memiliki tugas dan tanggung jawab, sebagai berikut:                     The Board of Directors has duties and obligations as follows:
1. Direksi bertugas menjalankan segala tindakan yang                            1. The Board of Directors is assigned to perform all actions
    berkaitan dengan pengurusan Perseroan untuk                                    related to the management of the Company for the
    kepentingan Perseroan dan sesuai dengan maksud                                 benefit of the Company and in accordance with the aims
    dan tujuan Perseroan serta mewakili Perseroan baik di                          and objectives of the Company as well as representing
    dalam maupun di luar Pengadilan tentang segala hal                             the Company both inside and outside the Court of all
    dan segala kejadian dengan pembatasan-pembatasan                               matters and all events with restrictions as regulated
    sebagaimana diatur dalam peraturan perundang-                                  in statutory regulations, Articles of Association and/or
    undangan, Anggaran Dasar dan/atau Keputusan Rapat                              General Meeting of Shareholders’ Resolutions;
    Umum Pemegang Saham;                                                        2. Conducting and assuring the implementation of the
2. Mengusahakan dan menjamin terlaksananya usaha dan                               Company’s business and activities in accordance with the
    kegiatan Perseroan sesuai dengan maksud dan tujuan                             aims and objectives as well as its business activities;
    serta kegiatan usahanya;                                                    3. Preparing the Company’s Long-Term Plan, Work Plan
3. Menyiapkan pada waktunya Rencana Jangka Panjang                                 and Budget, along with the amendments, and submit
    Perseroan (RJPP), Rencana Kerja dan Anggaran Perseroan                         it in timely manner to the Board of Commissioners
    (RKAP), dan perubahannya serta menyampaikannya                                 for approval;
    kepada Dewan Komisaris untuk mendapatkan                                    4. Providing an explanation to the Board of Commissioners
    persetujuan dari Dewan Komisaris;                                              regarding the Company’s Long Term Plan and the
4. Memberikan penjelasan kepada Dewan Komisaris                                    Company’s Work Plan and Budget;
    mengenai RJPP dan RKAP;                                                     5. Preparing Annual Report as a form of accountability
5. Membuat Laporan Tahunan sebagai wujud                                           for the management of the Company, as well as the
    pertanggungjawaban pengurusan Perseroan, serta                                 Company’s financial documents as referred to in the Law
    dokumen keuangan Perseroan sebagaimana dimaksud                                concerning Company Documents;
    dalam Undang-undang tentang Dokumen Perusahaan;                             6. Preparing Financial Statements based on Financial
6. Menyusun Laporan Keuangan berdasarkan Standar                                   Accounting Standards and submit to the Public
    Akuntansi Keuangan dan menyerahkan kepada Akuntan                              Accountant to be audited;
    Publik untuk diaudit;                                                       7. Submitting and providing an explanation of the Annual
7. Menyampaikan dan memberikan penjelasan Laporan                                  Report including the Financial Statements to the General
    Tahunan termasuk Laporan Keuangan kepada Rapat                                 Meeting of Shareholders for approval;
    Umum Pemegang Saham untuk disetujui dan disahkan;                           8. Submitting the Balance Sheet, Income Statement
8. Menyampaikan Neraca, Laporan Laba Rugi dan                                      and changes in the Board of Directors and Board of
    perubahan Direksi dan Dewan Komisaris yang disahkan                            Commissioners which are approved by the General
    oleh Rapat Umum Pemegang Saham kepada Menteri                                  Meeting of Shareholders to the Minister in charge of Law
    yang membidangi Hukum dan Hak Asasi Manusia sesuai                             and Human Rights in accordance with the provisions of
    dengan ketentuan peraturan perundang-undangan;                                 the legislation;




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          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  9. Memelihara dan menyimpan di tempat kedudukan                    9. Maintaining and keeping the Company’s important
      Perseroan: Daftar Pemegang Saham, Daftar Khusus,                   document of: Register of Shareholders, Special
      Risalah Rapat Umum Pemegang Saham, Risalah Rapat                   Register, Minutes of General Meeting of Shareholders,
      Dewan Komisaris dan Risalah Rapat Direksi, Laporan                 Minutes of Meeting of the Board of Commissioners
      Tahunan dan dokumen keuangan Perseroan, dan                        and Minutes of Directors Meeting, Annual Report and
      dokumen Perseroan lainnya;                                         financial documents of the Company, and other corporate
  10. Menyusun sistem akuntansi sesuai dengan Standar                    documents;
      Akuntansi Keuangan dan berdasarkan prinsip-prinsip             10. Arranging the accounting system in accordance with
      pengendalian intern, terutama pemisahan fungsi                     Financial Accounting Standards and based on the
      pengurusan, pencatatan, penyimpanan dan pengawasan;                principles of internal control, especially the separation
  11. Memberikan laporan berkala menurut cara dan waktu                  of management, recording, storage and supervision
      sesuai dengan ketentuan yang berlaku, serta laporan                functions;
      lainnya setiap kali diminta oleh Dewan Komisaris;              11. Providing periodic reports according to the manner and
  12. Menyiapkan susunan organisasi Perseroan lengkap                    time in accordance with applicable regulations, as well
      dengan perincian dan tugasnya;                                     as other reports whenever requested by the Board of
  13. Memberikan penjelasan tentang segala hal yang                      Commissioners;
      ditanyakan atau yang diminta anggota Dewan Komisaris;          12. Preparing the Company’s organizational structure
  14. Menyusun dan menetapkan struktur organisasi                        complete with details and duties;
      Perseroan;                                                     13. Providing an explanation of every inquiry or requested by
  15. Menjalankan kewajiban-kewajiban lainnya sesuai dengan              members of the Board of Commissioners;
      ketentuan yang diatur dalam Anggaran Dasar dan                 14. Compiling and determining the organizational structure of
      yang ditetapkan oleh Rapat Umum Pemegang Saham                     the Company;
      berdasarkan peraturan perundang-undangan;                      15. Carrying out other obligations in accordance with the
  16. Dalam menjalankan tugas dan tanggung jawab atas                    provisions stipulated in the Articles of Association and
      pengurusan, Direksi wajib menyelenggarakan RUPS                    determined by the General Meeting of Shareholders
      Tahunan dan RUPS Lainnya sebagaimana diatur dalam                  based on statutory regulations;
      peraturan perundang-undangan dan anggaran dasar;               16. In conducting their duties and responsibilities for the
  17. Direksi wajib membentuk komite, dengan memperhatikan               management, the Board of Directors must hold an annual
      peraturan perundangan yang berlaku;                                GMS and other GMS as stipulated in the legislation and
  18. Dalam hal dibentuk komite, Direksi wajib melakukan                 articles of association;
      evaluasi terhadap kinerja komite setiap akhir tahun buku;      17. The Board of Directors must form a committee, by taking
  19. Direksi bersama dengan Dewan Komisaris                             into account the applicable laws and regulations.
      wajib menyusun:                                                18. If a committee is established, the Board of Directors
      a. Pedoman yang mengikat setiap anggota Direksi dan                shall evaluate the performance of the committee at the
          Dewan Komisaris, sesuai dengan ketentuan peraturan             end of the financial year;
          perundangan yang berlaku;                                  19. The Board of Directors together with the Board of
      b. Kode etik yang berlaku bagi seluruh anggota Direksi             Commissioners must prepare:
          dan anggota Dewan Komisaris, karyawan/pegawai,                 a. Guidelines that bind every member of the Board
          serta pendukung organ yang dimiliki Perseroan,                      of Directors and the Board of Commissioners, in
          sesuai dengan ketentuan peraturan perundangan                       accordance with the provisions of the applicable laws
          yang berlaku.                                                       and regulations;
  20. Setiap anggota Direksi bertanggung jawab penuh                     b. Code of conduct that applies to all members of the
      secara tanggung renteng atas kerugian Perseroan yang                    Board of Directors and members of the Board of
      disebabkan oleh kesalahan atau kelalaian anggota                        Commissioners, employees, and supporting organs
      Direksi dalam menjalankan tugasnya;                                     owned by the Company, in accordance with the
                                                                              provisions of the applicable laws and regulations.
                                                                     20. Each member of the Board of Directors is fully and jointly
                                                                         responsible for the Company’s losses caused by errors or
                                                                         negligence of the members of the Board of Directors in
                                                                         carrying out their duties;




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21. Anggota Direksi tidak dapat dipertanggungjawabkan atas                      21. Members of the Board of Directors cannot be held
    kerugian Perseroan, apabila dapat membuktikan:                                  responsible for the Company’s losses, if they can prove:
    a. Kerugian tersebut bukan karena kesalahan atau                                a. The loss is not due to an error or negligence;
        kelalaiannya;                                                               b. Arrangements made with good intention, full
    b. Telah melakukan pengurusan dengan itikad baik,                                   responsibility and prudence for the interests and
        penuh tanggung jawab, dan kehati-hatian untuk                                   in accordance with the aims and objectives of the
        kepentingan dan sesuai dengan maksud dan tujuan                                 Company;
        Perseroan;                                                                  c. No conflict of interest, either directly or indirectly, with
    c. Tidak mempunyai benturan kepentingan baik langsung                               the management actions that result in losses; and
        maupun tidak langsung atas tindakan pengurusan                              d. Have taken measurements to prevent such losses
        yang mengakibatkan kerugian; dan                                                arising or continuing.
    d. Telah mengambil tindakan untuk mencegah timbul                           22. The Board of Directors represent the Company legally
        atau berlanjutnya kerugian tersebut.                                        and directly both inside and outside of the court of all
22. Direksi mewakili Perseroan secara sah dan secara                                matters and in all incidents, binding the Company with
    langsung baik didalam maupun di luar pengadilan                                 other parties and other parties with the Company and
    tentang segala hal dan dalam segala kejadian, mengikat                          carrying out all actions, both regarding management and
    Perseroan dengan pihak lain dan pihak lain dengan                               ownership, with restrictions;
    Perseroan serta menjalankan segala tindakan, baik yang                      23. In carrying out their duties and responsibilities for the
    mengenai kepengurusan maupun kepemilikan, dengan                                management of the Company, the Board of Directors
    pembatasan;                                                                     must hold an annual GMS and other GMS as stipulated
23. Dalam menjalankan tugas dan tanggung jawab atas                                 in the legislation and articles of association;
    pengurusan Perseroan, Direksi wajib menyelenggarakan                        24. Each member of the Board of Directors must carry out
    RUPS Tahunan dan RUPS Lainnya sebagaimana                                       their duties and responsibilities with good intention, full
    diatur dalam peraturan perundang-undangan dan                                   responsibility and prudence.
    anggaran dasar;
24. Setiap anggota Direksi wajib melaksanakan tugas dan
    tanggung jawab dengan itikad baik, penuh tanggung
    jawab, dan kehati-hatian.


Wewenang Direksi
The Authorities of the Board of Directors

Direksi memiliki wewenang untuk menetapkan kebijakan                            The Board of Directors is authorized to determine the
kepengurusan Perseroan yang meliputi:                                           management policies of the Company, including to:
1. Mengatur penyerahan kekuasaan Direksi untuk mewakili                         1. Regulate the delegation of the Board of Directors
    Perseroan di dalam dan di luar Pengadilan kepada                               mandate to represent the Company both inside and
    seorang atau beberapa orang anggota Direksi yang                               outside of the Court to one or several members of the
    khusus ditunjuk untuk itu atau kepada seorang atau                             Board of Directors who are specifically appointed for that
    beberapa orang pekerja Perseroan baik sendiri-sendiri                          purpose or to one or several employees of the Company
    maupun bersama-sama atau kepada orang lain dan                                 either individually or collectively or to other people and
    mengatur penyerahan kekuasaan Direksi untuk mewakili                           arrange the transfer of power of the Board of Directors
    Perseroan kepada Kepala Cabang atau Kepala Perwakilan                          to represent the Company to Branch Heads or Heads of
    di dalam atau di luar negeri;                                                  Representatives at home or abroad;
2. Mengatur ketentuan-ketentuan tentang kepegawaian                             2. Regulate the provision regarding the employment of
    Perseroan termasuk penetapan gaji, pensiun atau                                the Company including the determination of salaries,
    jaminan hari tua dan penghasilan lain bagi pekerja                             pensions and other income for the employees of the
    Perseroan berdasarkan peraturan perundang-undangan                             Company based on the prevailing laws and regulations
    yang berlaku dan keputusan Rapat Umum Pemegang                                 and the resolutions of the General Meeting of
    Saham;                                                                         Shareholders;
3. Mengangkat dan memberhentikan pekerja Perseroan                              3. Appoint and terminate the Company’s employees based
    berdasarkan peraturan kepegawaian Perseroan dan                                on the Company’s employment regulations and the
    peraturan perundang-undangan yang berlaku;                                     prevailing laws and regulations;




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          Performance Review         Management Report           Company Profile            Management Discussion and Analysis




  4. Melakukan segala tindakan dan perbuatan lainnya                4. Conduct all other actions regarding the management or
      mengenai pengurusan maupun pemilikan kekayaan                     ownership of the Company’s assets, bind the Company
      Perseroan, mengikat Perseroan dengan pihak lain dan/              with other parties and/or other parties with the Company,
      atau pihak lain dengan Perseroan, serta mewakili                  and represent the Company both inside and outside
      Perseroan di dalam dan di luar Pengadilan tentang segala          of the Court regarding all matters and all events with
      hal dan segala kejadian dengan pembatasan-pembatasan              restrictions as regulated in laws and regulations,
      sebagaimana diatur dalam peraturan perundang-                     Articles of Association and/or General Meeting of
      undangan, Anggaran Dasar dan/atau Keputusan Rapat                 Shareholders Decisions;
      Umum Pemegang Saham;                                          5. President Director has the rights and authorities to
  5. Presiden Direktur berhak dan berwenang bertindak untuk             act for and on behalf of the Board of Directors, and is
      dan atas nama Direksi serta sah mewakili Perseroan;               legitimate to represent the Company;
  6. Dalam hal Presiden Direktur tidak hadir atau berhalangan       6. In the event the President Director is unable to attend,
      karena sebab apapun juga, maka Presiden Direktur                  the President Director appoints one of members of the
      melakukan penunjukan kepada salah seorang anggota                 Board of Directors for and on behalf of the Board of
      Direksi lainnya untuk dan atas nama Direksi serta sah             Directors who is legitimate to represent the Company;
      mewakili Perseroan;                                           7. In the event the President Director is unable to make an
  7. Dalam hal Presiden Direktur tidak melakukan penunjukan             appointment, one of members of the Board of Directors
      maka salah seorang Direksi berhak dan berwenang                   is authorized and righteous to act for and on behalf
      bertindak untuk dan atas nama Direksi serta sah                   of the Board of Directors and legitimate to represent
      mewakili Perseroan berdasarkan penunjukan dari                    the Company based on the appointment from the
      Rapat Direksi;                                                    Directors Meeting;
  8. Anggota Direksi tidak berwenang mewakili                       8. Members of the Board of Directors are not authorized to
      Perseroan apabila:                                                represent the Company, if:
      a. Terjadi perkara di pengadilan antara Perseroan                 a. There is a dispute in court between the Company and
          dengan anggota Direksi yang bersangkutan; atau                    the relevant member of the Board of Directors; or
      b. Anggota Direksi yang bersangkutan mempunyai                    b. The member of the Board of Directors concerned has
          benturan kepentingan dengan Perseroan.                            a conflict of interest with the Company.
  9. Dalam hal terdapat keadaan sebagaimana dimaksud                9. In the event there is a situation as stated in point 8, the
      pada poin 8, yang berhak mewakili Perseroan adalah:               following has rights to represent the Company:
      a. Anggota Direksi lainnya yang tidak mempunyai                   a. Other members of the Board of Directors who do not
          benturan kepentingan dengan Perseroan;                            have a conflict of interest with the Company;
      b. Dewan Komisaris dalam hal seluruh anggota Direksi              b. The Board of Commissioners in the event that all
          mempunyai benturan kepentingan dengan Perseroan;                  members of the Board of Directors have a conflict of
          atau                                                              interest with the Company; or
      c. Pihak lain yang ditunjuk oleh RUPS dalam hal seluruh           c. Other parties appointed by the GMS if all members
          anggota Direksi atau Dewan Komisaris mempunyai                    of the Board of Directors or Board of Commissioners
          benturan kepentingan dengan Perseroan.                            have a conflict of interest with the Company.
  10. Pembagian tugas dan wewenang setiap anggota                   10. The segregation of duties and authorities of each
      Direksi ditetapkan oleh RUPS. Dalam hal RUPS tidak                member of the Board of Directors is determined by the
      menetapkan, maka pembagian tugas dan wewenang                     GMS. In the event the GMS does not determine, the
      setiap anggota Direksi ditetapkan berdasarkan                     duties and authorities of each member of the Board of
      keputusan Rapat Direksi.                                          Directors is determined based on the decision of the
                                                                        Board of Directors Meeting.




252       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Wewenang Direksi yang Memerlukan Persetujuan Dewan Komisaris
The Board of Directors’ Authorities Requiring the Board of Commissioners’ Approval

Dalam melaksanakan tugas serta tanggung jawabnya, Direksi                       In performing its duties and responsibilites, the Board of
memerlukan persetujuan tertulis dari Dewan Komisaris                            Directors must first obtain written approval from the Board
dengan menaati peraturan perundang-undangan yang berlaku                        of Commissioners, with due observance of the prevailing
dan anggaran dasar Perseroan. Adapun hal-hal yang perlu                         laws and regulations and the articles of association of
mendapat persetujuan, mengenai:                                                 the Company:
1. Membuka atau menutup kantor cabang, kantor                                   1. To open or close branch offices, representative offices
    perwakilan atau jaringan kantor lainnya di tempat lain,                         or other office networks in other places, both inside and
    baik di dalam maupun di luar wilayah Republik Indonesia                         outside the territory of the Republic of Indonesia as
    yang ditetapkan oleh Direksi dengan persetujuan                                 determined by the Board of Directors with the approval of
    Dewan Komisaris;                                                                the Board of Commissioners;
2. Saham-saham yang masih dalam simpanan akan                                   2. Shares that are still in portfolio will be issued by the
    dikeluarkan Perseroan dengan persetujuan Rapat                                  Company with the approval of the General Meeting of
    Umum Pemegang Saham (“RUPS”). Syarat dan harga                                  Shareholders (“GMS”). Certain terms and prices for
    tertentu atas saham yang akan dikeluarkan Perseroan                             shares to be issued by the Company are determined by
    ditetapkan oleh Direksi dengan terlebih dahulu mendapat                         the Board of Directors with prior written approval from the
    persetujuan tertulis dari Dewan Komisaris;                                      Board of Commissioners;
3. Menyiapkan pada waktunya Rencana Jangka Panjang                              3. To prepare in due time the Company’s Long-Term Plan,
    Perseroan (RJPP), Rencana Kerja dan Anggaran Perseroan                          Work Plan and Budget, and amendments thereof and
    (RKAP), dan perubahannya serta menyampaikannya                                  submit them to the Board of Commissioners for approval
    kepada Dewan Komisaris untuk mendapatkan                                        from the Board of Commissioners;
    persetujuan dari Dewan Komisaris;                                           4. To borrow or lend money on behalf of the Company
4. Meminjam atau meminjamkan uang atas nama                                         (excluding taking the Company’s money at the Bank), with
    Perseroan (tidak termasuk mengambil uang Perseroan                              a value that has been or will be determined by the Board
    meminjam di Bank), dengan nilai yang telah atau akan                            of Commissioners;
    ditetapkan oleh Dewan Komisaris;                                            5. To pledge the Company’s assets and become a guarantor
5. Mengagunkan harta Perseroan dan menjadi penjamin                                 with a value that exceeds the limit that has been or will
    dengan nilai yang melebihi batas yang yang telah atau                           be determined by the Board of Commissioners;
    akan ditetapkan oleh Dewan Komisaris;                                       6. To dispose fixed assets in the form of land and buildings;
6. Melepaskan aktiva tetap berupa tanah dan bangunan;                           7. To write off the fixed assets except land and buildings,
7. Menghapuskan aktiva tetap selain tanah dan bangunan,                             whose amount is greater than 25% (twenty-five percent)
    yang jumlahnya lebih besar dari 25% (dua puluh lima                             of the total value of the non-consolidated Company’s
    perseratus) dari nilai seluruh aktiva tetap Perseroan                           fixed assets based on the non-consolidated audited
    non konsolidasi berdasarkan laporan keuangan audit                              financial report for the previous fiscal year for the current
    non konsolidasi pada tahun buku sebelumnya untuk                                fiscal year;
    keperluan tahun buku berjalan;                                              8. To write off bad receivables with a value exceeding the
8. Menghapuskan piutang macet dengan nilai yang melebihi                            limit that has been set or will be determined by the Board
    batas yang yang telah atau akan ditetapkan oleh                                 of Commissioners from time to time;
    Dewan Komisaris;                                                            9. To establish a new business or participating in other
9. Mendirikan suatu usaha baru atau turut serta pada                                companies, both at home and abroad, which are not
    perusahaan lain, baik di dalam maupun di luar negeri                            in the framework of salvaging accounts receivable in
    yang tidak dalam rangka penyelamatan piutang sesuai                             accordance with the applicable regulations;
    dengan ketentuan yang berlaku;                                              10. To liquidate, close, release part or all of the participation
10. Melikuidasi, menutup, melepaskan sebagian atau                                  in other companies both inside and outside the country;
    seluruh penyertaan pada perusahaan lain baik di dalam                       11. To cooperate with business entities or parties outside
    maupun di luar negeri;                                                          the Company’s operational business activities in the
11. Mengadakan kerja sama dengan badan usaha atau                                   form of joint operations, management contracts and
    pihak diluar kegiatan usaha operasional Perseroan                               other agreements of the same nature with a term or
    dalam bentuk kerja sama operasi, kontrak manajemen                              value that exceeds the limit stipulated by the Board
    dan perjanjian-perjanjian lain yang mempunyai sifat yang                        of Commissioners;
    sama dengan jangka waktu atau nilai yang melebihi dari
    yang ditetapkan oleh Dewan Komisaris;




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          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




  12. Penjualan saham dalam simpanan (saham dalam                  12. To sell shares in The Company's subsidiaries' shares in
      portepel) pada anak perusahaan Perseroan yang                    portfolio, which causes the Company’s ownership in the
      menyebabkan kepemilikan Perseroan pada perusahaan                Company’s subsidiaries to be diluted, resulting in the
      anak Perseroan terdilusi sehingga mengakibatkan                  Company losing control of these subsidiaries;
      Perseroan kehilangan pengendalian terhadap anak              13. To perform actions that are included in material
      Perseroan tersebut;                                              transactions as stipulated in the Capital Market
  13. Melakukan tindakan-tindakan yang termasuk dalam                  Legislation with a certain value as stipulated by the
      transaksi material sebagaimana ditetapkan oleh                   Board of Commissioners, unless such actions are
      peraturan perundang-undangan di bidang Pasar Modal               included in material transactions that are exempted by
      dengan nilai tertentu yang ditetapkan oleh Dewan                 the Capital Market Legislation;
      Komisaris, kecuali tindakan tersebut termasuk dalam          14. To change the Company’s organizational structure under
      transaksi material yang dikecualikan oleh Peraturan              the Board of Directors to the group (division) level;
      Perundang-undangan di bidang Pasar Modal;                    15. Submission of the annual work plan by the Board of
  14. Mengubah struktur organisasi Perseroan di bawah Direksi          Directors must obtain the approval of the Board of
      sampai dengan tingkat group (divisi);                            Commissioners;
  15. Penyampaian rencana kerja tahunan oleh Direksi wajib         16. The distribution of interim dividends is determined based
      memperoleh persetujuan Dewan Komisaris;                          on the decision of the Board of Directors’ Meeting after
  16. Pembagian dividen interim ditetapkan berdasarkan                 obtaining approval from the Board of Commissioners,
      keputusan Rapat Direksi setelah memperoleh                       by taking into account the projected profit and financial
      persetujuan Dewan Komisaris, dengan memperhatikan                capability of the Company.
      proyeksi perolehan laba dan kemampuan
      keuangan Perseroan.


  Pembagian Tugas dan Tanggung Jawab Direksi
  Segregation of Duties and Responsibilities of the Board of Directors

  Perseroan mengatur pembagian tugas/fungsi dan tanggung           The Company regulates the segregation of duties/functions
  jawab masing-masing Direksi sesuai dengan keahlian dan           and responsibilities of each member of the Board of Director
  bidangnya secara jelas dan komprehensif. Pembagian tugas         according to their expertise in a clear and comprehensive
  dan tanggung jawab masing-masing Direksi bertujuan untuk         manner. Segregation of duties and responsibilities for each
  menjamin pelaksanaan dan kesinambungan pencapaian                member of the Company’s Board of Directors is carried
  sasaran Perseroan pada masa mendatang secara lebih               out to ensure the implementation and sustainability of
  efisien dan efektif. Pembagian tugas Direksi diatur              the Company’s goal achievement in the future in a more
  berdasarkan Keputusan Sirkuler Direksi (Board of Directors       efficient and effective manner. Each member of the Board of
  Resolution) No. 001/2021 pada tanggal 11 Januari 2021            Directors is assigned with specific responsibilities following
  perihal Pembagian Tugas dan Wewenang Direksi yang berlaku        their respective expertise. Duties and responsibilities of
  efektif sejak tanggal 13 November 2020 dan mengalami             each member of the Board of Directors based on Board of
  perubahan pada Keputusan Sirkuler Direksi (Board of              Directors Resolution No. 001/2021 dated 11 January 2021
  Directors Resolution) No. 004/ BoR/CSG-ATPI/V/2022 pada          concerning the Segregation of the Board of Directors’ Duties
  tanggal 17 Mei 2022 perihal:                                     and Authorities effective from 13 November 2020 which was
  • Penggabungan wewenang, tugas, dan tanggung jawab               amended by the Board of Directors Resolution No. 004/
      Direktur Pemasaran Asuransi Minyak & Gas dan Direktur        BoR/CSG-ATPI/V/2022 dated 17 May 2022 concerning:
      Pemasaran Asuransi Non Minyak & Gas sebagaimana              • The merging of authorities, duties, and responsibilities of
      tercantum dalam BoR 001/2021 beralih kepada Direktur             Director of Oil & Gas Insurance Marketing and Director
      Pemasaran Asuransi;                                              of Non-Oil & Gas Insurance Marketing as provided in
  • Pembagian wewenang, tugas, dan tanggung jawab                      the BoR 001/2021 to be transferred to Director of
      Presiden Direktur.                                               Insurance Marketing;
                                                                   • Segregation of authorities, duties, and responsibilities of
                                                                       President Director.




254       LAPORAN TAHUNAN 2023                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                    Audited Report




Adapun pembagian tugas dan wewenang masing-masing                               Thus, the segregation of Duties and Authorities of the Board
Direksi, antara lain:                                                           of Directors is as follows:


        Nama                   Jabatan                                               Tugas dan Tanggung Jawab
        Name                   Position                                               Duties and Responsibilities

 Tatang Nurhidayat      Presiden Direktur         Presiden Direktur memiliki wewenang, tugas, dan tanggung jawab dalam aktivitas Perseroan,
                        President Director        termasuk namun tidak terbatas pada:
                                                  1. Bertindak untuk dan atas nama Direksi serta mewakili Perseroan.
                                                  2. Menyusun kebijakan, rencana dan program kerja Perseroan secara umum dan hal-hal yang
                                                      bersifat strategis.
                                                  3. Membuat dan menyatakan Keputusan Pemegang Saham dalam akta notaris.
                                                  4. Menandatangani seluruh dokumen-dokumen Perseroan sesuai dengan ketentuan yang berlaku.
                                                  5. Memberikan sebagian kewenangannya dan/atau memberikan kuasa pada pekerja yang berada
                                                      pada Direktorat di bawahnya.
                                                  6. Melakukan hal-hal sebagaimana diatur dalam Anggaran Dasar dan ketentuan yang berlaku.

                                                  The President Director has the authorities, duties and responsibilities in the Company’s activities,
                                                  including but not limited to:
                                                  1. Act for and on behalf of the Board of Directors and represent the Company.
                                                  2. Formulate policies, plans and work programs of the Company in general and other strategic
                                                       matters.
                                                  3. Prepare and declare the Shareholders’ Resolutions in a notary deed.
                                                  4. Sign all Company documents in accordance with applicable regulations.
                                                  5. Grant part of their authority and/or give proxy to the employees under the Directorate.
                                                  6. Perform tasks as regulated in the Articles of Association and applicable regulations.
 Emil Hakim             Direktur Keuangan &       Direktur Keuangan dan Layanan Korporat memiliki wewenang, tugas, dan tanggung jawab terkait
                        Layanan Korporat          aktivitas keuangan dan layanan korporat, serta hal-hal yang berada pada Direktorat di bawahnya,
                        Finance & Corporate       termasuk namun tidak terbatas pada:
                        Service Director          1. Bertindak untuk dan atas nama Direksi serta mewakili Perseroan terkait aktivitas/kegiatan
                                                       Keuangan.
                                                  2. Menyusun kebijakan, rencana dan program kerja.
                                                  3. Membuat dan menandatangani dokumen-dokumen terkait aktivitas keuangan, serta aktivitas
                                                       yang berada pada Direktorat di bawahnya, seperti: menandatangani dokumen-dokumen
                                                       Perjanjian terkait fasilitas perbankan, menandatangani akta gadai/fidusia, serta perjanjian
                                                       terkait aktivitas keuangan lainnya, surat menyurat, memo, serta dokumen lainnya terkait
                                                       aktivitas keuangan Perseroan.
                                                  4. Memberikan sebagian kewenangannya dan/atau memberikan kuasa pada pekerja yang berada
                                                       pada Direktorat di bawahnya.
                                                  5. Melakukan hal-hal sebagaimana diatur dalam Anggaran Dasar dan ketentuan yang berlaku.

                                                  The Director of Finance and Corporate Services has the authorities, duties and responsibilities
                                                  related to financial activities and corporate services, as well as matters within the Directorate under
                                                  it, including but not limited to:
                                                  1. Act for and on behalf of the Board of Directors and represent the Company in relation to
                                                        financial activities.
                                                  2. Develop policies, plans and work programs.
                                                  3. Prepare and sign documents related to financial activities, as well as activities within the
                                                        Directorate under it, such as: Sign agreement documents related to banking facilities,
                                                        sign pawning/fiduciary deeds, as well as agreements related to other financial activities,
                                                        correspondence, memos, as well as other documents related to the Company’s financial
                                                        activities.
                                                  4. Grant part of their authority and/or give proxy to the employees under the Directorate.
                                                  5. Perform tasks as regulated in the Articles of Association and applicable regulations.




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          Performance Review                 Management Report                 Company Profile                  Management Discussion and Analysis




             Nama                    Jabatan                                             Tugas dan Tanggung Jawab
             Name                    Position                                             Duties and Responsibilities

      Ery Widiatmoko           Direktur Pemasaran     Direktur Pemasaran Asuransi memiliki wewenang, tugas, dan tanggung jawab terkait aktivitas
                               Asuransi               pemasaran serta hal-hal lainnya yang berada pada Direktorat di bawahnya, termasuk namun tidak
                               Insurance Marketing    terbatas pada:
                               Director               1. Bertindak untuk dan atas nama Direksi serta mewakili Perseroan terkait aktivitas/kegiatan
                                                          pemasaran.
                                                      2. Menyusun kebijakan, rencana dan program kerja.
                                                      3. Membuat dan menandatangani dokumen-dokumen terkait aktivitas pemasaran serta hal-hal
                                                          lainnya yang berada pada Direktorat di bawahnya, seperti: Perjanjian (termasuk perjanjian
                                                          Fidusia), dokumen-dokumen tender, surat menyurat, memo, persetujuan terkait aktivitas
                                                          pemasaran, serta dokumen-dokumen lainnya.
                                                      4. Memberikan sebagian kewenangannya dan/atau memberikan kuasa pada pekerja yang berada
                                                          pada Direktorat di bawahnya.
                                                      5. Melakukan hal-hal sebagaimana diatur dalam Anggaran Dasar dan ketentuan yang berlaku.

                                                      Director of Insurance Marketing has the authorities, duties and responsibilities related to marketing
                                                      activities as well as other matters within the Directorate under it, including but not limited to:
                                                      1. Act for and on behalf of the Board of Directors and representing the Company in relation to the
                                                           marketing activities.
                                                      2. Develop policies, plans and work programs.
                                                      3. Prepare and sign documents related to insurance marketing activities, as well as other matters
                                                           within the Directorate under it, such as: agreements (including Fiduciary Agreements), tender
                                                           documents, correspondence, memos, aprroval related to marketing activities, as well as other
                                                           documents.
                                                      4. Grant part of their authority and/or give proxy to the employees under the Directorate.
                                                      5. Perform tasks as regulated in the Articles of Association and applicable regulations.
      Sudarlin                 Direktur Teknik        Direktur Teknik memiliki wewenang, tugas, dan tanggung jawab terkait aktivitas teknik, serta hal-hal
                               Technical Director     lainnya yang berada pada Direktorat di bawahnya, termasuk namun tidak terbatas pada:
                                                      1. Bertindak untuk dan atas nama Direksi serta mewakili Perseroan terkait aktivitas/kegiatan
                                                           Teknik.
                                                      2. Menyusun kebijakan, rencana dan program kerja.
                                                      3. Membuat dan menandatangani dokumen-dokumen terkait aktivitas Teknik dan aktivitas yang
                                                           berada pada Direktorat di bawahnya, seperti: Perjanjian, surat menyurat, memo, dokumen
                                                           persetujuan, serta dokumen-dokumen lainnya.
                                                      4. Memberikan sebagian kewenangannya dan/atau memberikan kuasa pada pekerja yang berada
                                                           pada Direktorat di bawahnya.
                                                      5. Melakukan hal-hal sebagaimana diatur dalam Anggaran Dasar dan ketentuan yang berlaku.

                                                      The Technical Director has the authorities, duties and responsibilities related to technical activities,
                                                      as well as other matters within the Directorate under him, including but not limited to:
                                                      1. Act for and on behalf of the Board of Directors and representing the Company in relation to
                                                          technical activities.
                                                      2. Develop policies, plans and work programs.
                                                      3. Prepare and sign documents related to Technical activities and activities within the Directorate
                                                          under it, such as: agreements, correspondence, memos, approval documents, and other
                                                          documents.
                                                      4. Grant part of their authority and/or give proxy to the employees under the Directorate.
                                                      5. Perform tasks as regulated in the Articles of Association and applicable regulations.




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    Corporate Governance                     Corporate Social Responsibility                    Audited Report




        Nama                   Jabatan                                               Tugas dan Tanggung Jawab
        Name                   Position                                               Duties and Responsibilities

 Edi Yoga Prasetyo      Direksi Kepatuhan         Secara umum wewenang, tugas, dan tanggung jawab Direktur Kepatuhan & Manajemen Risiko
                        dan Manajemen             termasuk namun tidak terbatas pada:
                        Risiko                    1. Bertindak untuk dan atas nama Direksi serta mewakili Perseroan terkait aktivitas/kegiatan
                        Compliance & Risk             kepatuhan dan manajemen risiko.
                        Management Director       2. Menyusun kebijakan, rencana dan program kerja.
                                                  3. Membuat dan menandatangani dokumen-dokumen terkait aktivitas kepatuhan dan manajemen
                                                      risiko, serta hal-hal lainnya yang berada pada Direktorat di bawahnya, seperti: Perjanjian, surat
                                                      menyurat, memo, serta dokumen-dokumen lainnya.
                                                  4. Memberikan sebagian kewenangannya dan/atau memberikan kuasa pada pekerja yang berada
                                                      pada Direktorat di bawahnya.
                                                  5. Melakukan hal-hal sebagaimana diatur dalam Anggaran Dasar dan ketentuan yang berlaku.

                                                  In general, the authorities, duties and responsibilities of the Director of Compliance & Risk
                                                  Management include but are not limited to:
                                                  1. Act for and on behalf of the Board of Directors and representing the Company in relation to
                                                      compliance and risk management activities.
                                                  2. Formulate policies, plans and work programs.
                                                  3. Prepare and sign documents related to compliance and risk management activities, as well as
                                                      other matters within the Directorate under it, such as: agreements, correspondence, memos
                                                      and other documents.
                                                  4. Grant part of their authority and/or give proxy to the employees under the Directorate.
                                                  5. Perform tasks as regulated in the Articles of Association and applicable regulations.



Rapat Tingkat Kehadiran Direksi
The Board of Directors Meeting and Meeting Attendance Rate


Ketentuan Rapat Direksi                                                         The Board of Directors Meeting Provisions

Dasar hukum atas pelaksanaan Rapat Direksi, antara lain:                        The legal basis for the implementation of the Board of
                                                                                Directors Meeting, among others:
1. Board Manual yang mengatur bahwa Rapat Direksi Tugu                          1. The Board Manual which stipulates that the Tugu
   Insurance diadakan minimal 1 bulan sekali atau dapat                             Insurance Board of Directors Meeting is held at least
   diadakan setiap waktu bilamana dipandang perlu oleh                              once a month or can be held at any time if deemed
   seorang atau lebih anggota Direksi atau atas permintaan                          necessary by one or more members of the Board of
   tertulis dari seorang atau lebih Dewan Komisaris atau                            Directors or upon a written request from one or more
   atas permintaan tertulis 1 (satu) Pemegang Saham                                 Board of Commissioners or by the written request of
   atau lebih yang bersama sama mewakili 1/10 (satu                                 1 (one) Shareholder or more, which together represent
   persepuluh) bagian dari jumlah seluruh saham dengan                              1/10 (one tenth) of the total shares with valid
   hak suara yang sah;                                                              voting rights;
2. Berdasarkan POJK No. 33/POJK.04/2014 tentang                                 2. POJK No. 33/POJK.04/2014 regarding the Board of
   Direksi dan Dewan Komisaris Emiten atau Perusahaan                               Directors and the Board of Commissioners of Issuers or
   Publik dan Anggaran Dasar, yaitu bahwa Direksi wajib                             Public Companies and the Articles of Association, which
   mengadakan rapat Direksi secara berkala paling kurang                            provides that the Board of Directors is required to hold a
   1 (satu) kali dalam setiap bulan, dan rapat Direksi                              Board of Directors meeting periodically at least 1 (one)
   bersama Dewan Komisaris secara berkala paling kurang                             time every month, and a Board of Directors meeting
   1 (satu) kali dalam 4 (empat) bulan;                                             together with the Board of Commissioners periodically at
3. Berdasarkan POJK No. 73/POJK.05/2016 tentang                                     least 1 (one) time in 4 (four) months;
   Tata Kelola Perusahaan yang Baik bagi Perusahaan                             3. POJK No. 73/POJK.05/2016 regarding Good Corporate
   Perasuransian yang mewajibkan Direksi perusahaan                                 Governance for Insurance Companies, which requires the
   menyelenggarakan rapat Direksi secara berkala paling                             company’s Board of Directors to hold a Board of Directors
   sedikit 1 (satu) kali dalam 1 (satu bulan) dan rapat                             meeting periodically at least 1 (one) time in 1 (one
   Direksi bersama Dewan Komisaris paling sedikit 4                                 month) and Meetings of the Board of Directors with the
   (empat) kali dalam setahun.                                                      Board of Commissioners at least 4 (four) times a year.




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           Performance Review                  Management Report                 Company Profile                    Management Discussion and Analysis




  Pelaksanaan Rapat Direksi dipimpin oleh Presiden Direktur.                           The Board of Directors meeting is chaired by the President
  Dalam hal Presiden Direktur tidak dapat hadir atau                                   Director. In the event the President Director is unable to
  berhalangan, hal mana tidak perlu dibuktikan kepada Pihak                            attend the meeting, which does not need to be proven to a
  Ketiga, maka Rapat Direksi akan dipimpin oleh seorang                                Third Party, the Board of Directors Meeting shall be chaired
  anggota Direksi yang dipilih oleh dan dari antara Direksi                            by a member of the Board of Directors who is elected
  yang hadir. Hasil Rapat Direksi wajib dituangkan dalam                               by and from among the Directors present. The results of
  risalah Rapat Direksi dan didokumentasikan dengan baik.                              the meeting of the Board of Directors must be stated in
  Perbedaan pendapat yang terjadi dalam keputusan Rapat                                the minutes of the meeting of the Board of Directors and
  Direksi wajib dicantumkan secara jelas dalam risalah rapat                           properly documented. The dissenting opinion that occurs in
  Direksi disertai alasan perbedaan pendapat tersebut.                                 the decision-making of the Board of Directors Meeting must
                                                                                       be clearly stated in the minutes of the Board of Directors
                                                                                       meeting followed by the reasons for the dissenting opinion.

  Hingga akhir tahun 2023, Direksi telah melaksanakan Rapat                            In 2023 the Board of Directors has held 29 Board of
  Direksi sebanyak 29 kali dan Rapat Gabungan dengan                                   Directors Meetings and 11 Joint Meetings with the Board
  Dewan Komisaris sebanyak 11 kali. Adapun jumlah Rapat                                of Commissioners. The total of Board of Directors Meetings
  Direksi dan kehadiran masing-masing anggota Direksi dalam                            and attendance at the 2023 Board of Directors Meetings are
  Rapat sepanjang tahun 2023 adalah:                                                   as follows:


                                                                                                                                        Persentase Tingkat
                              Nama Direksi                                 Jumlah Rapat                  Jumlah Kehadiran
                                                                                                                                             Kehadiran
                          Name of Board of Directors                       Total Meetings                 Total Attendance
                                                                                                                                        Attendance Rate in %
       Tatang Nurhidayat                                                          29                               29                             100%
       Emil Hakim                                                                 29                               29                             100%
       Syaiful Azhar 1)                                                           12                               10                             83%
       Ery Widiatmoko                                                             29                               29                             100%
       Budi P. Amir 2)                                                            12                               12                             100%
       Sudarlin 3)                                                                17                               16                             94%
       Edi Yoga Prasetyo 4)                                                       17                               17                             100%

  1)
     Tidak lagi menjabat sebagai Direktur Teknik sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
     Tidak lagi menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  3)
     Efektif menjabat sebagai Direktur Teknik sejak 30 Oktober 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK)
  4)
     Efektif menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas
      Jasa Keuangan (OJK).
  1)
     No longer served as Technical Director since the closing of the Annual GMS on 28 April 2023.
  2)
     No longer served as the Director of Compliance & Risk Management since the closing of the Annual GMS on 28 April 2023.
  3)
     Effectively serving as Technical Director since 30 October 2024 based on the results of the Fit and Proper Assessment of the Financial Services Authority
      (OJK).
  4)
      Effectively serving as Director of Compliance & Risk Management since 18 January 2024 based on the results of the Fit and Proper Assessment of the
       Financial Services Authority (OJK).




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         Corporate Governance                      Corporate Social Responsibility                    Audited Report




Jumlah Rapat dan Kehadiran Direksi dalam Rapat Dewan Komisaris Mengundang Direksi Tahun 2023
Total Meeting and Attendance of Board of Directors in Joint Meeting with the Board of Commissioners in 2023
                                                                                                                                      Persentase Tingkat
                             Nama Direksi                                Jumlah Rapat                  Jumlah Kehadiran
                                                                                                                                           Kehadiran
                         Name of Board of Directors                      Total Meetings                 Total Attendance
                                                                                                                                      Attendance Rate in %
     Tatang Nurhidayat                                                           11                              10                             91%
     Emil Hakim                                                                  11                              11                             100%
     Syaiful Azhar 1)                                                            4                               3                              75%
     Ery Widiatmoko                                                              11                              10                             91%
     Budi P. Amir   2)
                                                                                 4                               4                              100%
     Sudarlin 3)                                                                 7                               6                              86%
     Edi Yoga Prasetyo 4)                                                        7                               7                              100%

1)
   Tidak lagi menjabat sebagai Direktur Teknik sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
2)
   Tidak lagi menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
3)
   Efektif menjabat sebagai Direktur Teknik sejak 30 Oktober 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
4)
   Efektif menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas
Jasa Keuangan (OJK).
1)
   No longer served as Technical Director since the closing of the Annual GMS on 28 April 2023.
2)
   No longer served as Director of Compliance & Risk Management since the closing of the Annual GMS on 28 April 2023.
3)
   Effectively serving as Technical Director since 30 October 2024 based on the results of the Fit and Proper Assessment of the Financial Services Authority
    (OJK).
4)
    Effectively serving as Director of Compliance & Risk Management since 18 January 2024 based on the results of the Fit and Proper Assessment of the
     Financial Services Authority (OJK).



Kehadiran Direksi pada RUPS Tahunan
The Board of Directors Attendance in Annual GMS
                                                                                                                   Kehadiran pada RUPS Tahunan
                   Nama Direksi                                               Jabatan
                                                                                                                            28 April 2023
               Name of Board of Directors                                     Position
                                                                                                              Attendance at Annual GMS on 28 April 2023
     Tatang Nurhidayat                                   Presiden Direktur                                                           Hadir
                                                         President Director                                                         Present
 Emil Hakim                                              Direktur Keuangan & Layanan Korporat                                        Hadir
                                                         Finance & Corporate Service Director                                       Present
 Syaiful Azhar 1)                                        Direktur Teknik                                                             Hadir
                                                         Technical Director                                                         Present
 Ery Widiatmoko                                          Direktur Pemasaran Asuransi                                                 Hadir
                                                         Insurance Marketing Director                                               Present
 Budi P. Amir 2)                                         Direktur Kepatuhan & Manajemen Risiko                                       Hadir
                                                         Compliance & Risk Management Director                                      Present
 Sudarlin 3)                                             Direktur Teknik                                                          Tidak Hadir
                                                         Technical Director                                                         Absent
 Edi Yoga Prasetyo 4)                                    Direktur Kepatuhan & Manajemen Risiko                                    Tidak Hadir
                                                         Compliance & Risk Management Director                                      Absent


1)
   Tidak lagi menjabat sebagai Direktur Teknik sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
2)
   Tidak lagi menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
3)
   Efektif menjabat sebagai Direktur Teknik sejak 30 Oktober 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas Jasa Keuangan (OJK).
4)
   Efektif menjabat sebagai Direktur Kepatuhan & Manajemen Risiko sejak 18 Januari 2024 berdasarkan hasil Penilaian Kemampuan dan Kepatutan Otoritas
    Jasa Keuangan (OJK).
1)
   No longer served as Technical Director since the closing of the Annual GMS on 28 April 2023.
2)
   No longer served as Director of Compliance & Risk Management since the closing of the Annual GMS on 28 April 2023.
3)
   Effectively serving as Technical Director since 30 October 2024 based on the results of the Fit and Proper Assessment of the Financial Services Authority
    (OJK).
4)
    Effectively serving as Director of Compliance & Risk Management since 18 January 2024 based on the results of the Fit and Proper Assessment of the
     Financial Services Authority (OJK).




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          Performance Review         Management Report          Company Profile           Management Discussion and Analysis




  Pelatihan dan/atau Peningkatan Kompetensi Anggota Direksi
  Training and/or Competence Improvement of the Board of Directors

  Program Pelatihan/Orientasi Anggota Direksi yang                 Training/Orientation Program of Newly Appointed
  Baru Diangkat                                                    Member of Board of Directors

  Perseroan memiliki program pengenalan/orientasi kepada           The Company has an orientation program for newly appointed
  Direksi yang baru diangkat untuk memberikan pengetahuan          Directors to provide knowledge about the Company, so that
  mengenai Perseroan. Hal ini bertujuan agar Direksi yang          they can understand the duties and responsibilities as the
  baru diangkat mampu memahami tugas dan tanggung jawab            Board of Directors and the Company’s business processes
  serta proses bisnis Perseroan selain bekerja selaras dengan      performed by the Board of Directors, as well as to work in
  Organ Perseroan lainnya. Pelaksanaan program orientasi           harmony with other organs of the Company. The orientation
  kepada Direksi yang baru diangkat dilaksanakan oleh fungsi       program for newly appointed Directors is carried out by the
  Sekretaris Perusahaan.                                           Corporate Secretary function.

  Di tahun 2023, Perseroan telah melaksanakan program              In 2023, the orientation program was conducted for a
  orientasi untuk Anggota Direksi yang baru diangkat dalam         member of the Board of Directors appointed in AGMS on 28
  RUPST 28 April 2023 yaitu Bapak Sudarlin dan Bapak Edi           April 2023, namely Mr Sudarlin dan Mr. Edi Yoga Prasetyo on
  Yoga Prasetyo yang dilaksanakan pada tanggal 10 Mei 2023.        10 May 2023.

  Peningkatan Kompetensi Anggota Direksi                           Competency Enhancement of the Board of Directors

  Tugu Insurance menempatkan anggota Direksi sebagai               Tugu Insurance views members of the Board of Directors
  salah satu aset utama yang memiliki peranan penting bagi         as one of the main assets with an important role for the
  Perseroan. Secara konsisten, Perseroan menyelenggarakan          Company. Therefore, Tugu Insurance organizes competency
  program peningkatan kompetensi untuk anggota Direksi             enhancement programs for members of the Board of
  agar Direksi dapat memperbaharui informasi tentang               Directors so that the Board of Directors can always update
  perkembangan terkini dari Core Business dan peraturan            information on the latest developments of the Company’s
  perundang-undangan yang berlaku.                                 core business and applicable laws and regulations.

  Ketentuan-ketentuan tentang program peningkatan                  The provisions regarding the competency enhancement
  kompetensi bagi Direksi adalah sebagai berikut:                  program for the Board of Directors are as follows:
  1. Program peningkatan kompetensi dilaksanakan dalam             1. Competency enhancement program is carried out to
     rangka meningkatkan efektivitas kerja Direksi;                   increase the effectiveness of the work of the Board of
  2. Rencana untuk melaksanakan program peningkatan                   Directors;
     kompetensi harus dimasukkan dalam rencana kerja dan           2. The plan to implement the competency enhancement
     anggaran Direksi;                                                program must be included in the work plan and budget of
  3. Setiap anggota Direksi yang mengikuti program                    the Board of Directors;
     peningkatan kompetensi seperti seminar dan/atau               3. Each member of the Board of Directors who participates
     pelatihan diminta untuk menyajikan presentasi kepada             in the competency enhancement program such as
     anggota Direksi lainnya dalam rangka berbagi informasi           seminars and/or training is requested to present a
     dan pengetahuan;                                                 presentation to other members of the Board of Directors
  4. Anggota Direksi yang bersangkutan harus membuat                  in order to share information and knowledge;
     laporan tentang pelaksanaan Program Peningkatan               4. The member of the Board of Directors concerned must
     Kompetensi dan disampaikan kepada Direksi.                       make a report on the implementation of the Competency
                                                                      enhancement Program and submit it to the Board
                                                                      of Directors.




260       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                    Audited Report




Adapun program peningkatan kompetensi yang diikuti                              The following table presents competency enhancement
anggota Direksi sepanjang tahun 2023, sebagai berikut:                          program for Members of the Board of Directors in 2023:


        Nama                      Judul Training                            Penyelenggara                            Tanggal          Tempat
        Names                    Names of Training                            Organizer                                Date           Location
 Tatang Nurhidayat      9th International Insurance Seminar      AAUI                                              9 Maret 2023        Jakarta
                        2023                                     Indonesian General Insurance                      9 March 2023
                                                                 Association
                        CEO Fellowship                           FMII                                          21-23 Juli 2023        Malaysia
                                                                                                               21-23 July 2023
                        The 1st Indonesia Insurance Summit       AAMAI                                       23-24 Agustus 2023       Yogyakarta
                                                                 Indonesian Association of Insurance         23-24 August 2023
                                                                 Management Experts
                        Takaful Rendezvous                       AASI                                       26-27 September 2023      Malaysia
                                                                 Indonesian Sharia Insurance                26-27 September 2023
                                                                 Association
                        Indonesia Rendezvous                     AAUI                                        11-14 Oktober 2023          Bali
                                                                 Indonesian General Insurance                11-14 October 2023
                                                                 Association
 Emil Hakim             Risk Management Forum Pertamina          Tugu Institute dan ERM & Legal Group          16 Maret 2023           Jakarta
                        Group 2023                               Tugu Institute and ERM & Legal Group          16 March 2023
                        Konsinyering & Agent Of Change           ERP                                           15-26 Mei 2023          Jakarta
                        Consigning & Agent Of Change                                                           15-26 May 2023
                        Sewindu Kami Mengabdi, untuk             PR Indonesia                                21 September 2023         Jakarta
                        Komunikasi Negeri                                                                    21 September 2023
                        8 Years We Serve the Country’s
                        Communications
                        Optimizing Business Continuity           ERMA                                        27 September 2023          Online
                        Strategy to Achieve Sustainable          Enterprise Risk Management Academy          27 September 2023
                        Objectives
 Ery Widiatmoko         Boost Organization Reputation            IRMAPA                                      27 September 2023          Online
                        Through Storytelling                     Indonesia Risk Management                   27 September 2023
                                                                 Professional Association
                        Protecting Your Organization             IRMAPA                                      29 September 2023          Online
                        Reputation During Crisis Through         Indonesia Risk Management                   29 September 2023
                        Communication                            Professional Association
                        The Ultimate Guide for Online Media      IRMAPA                                        3 Oktober 2023           Online
                        Monitoring                               Indonesia Risk Management                     3 October 2023
                                                                 Professional Association
                        Indonesia Rendezvous                     AAUI                                        11-14 Oktober 2023          Bali
                                                                 Indonesian General Insurance                11-14 October 2023
                                                                 Association




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          Performance Review                 Management Report                    Company Profile                 Management Discussion and Analysis




             Nama                        Judul Training                             Penyelenggara                          Tanggal               Tempat
             Names                      Names of Training                             Organizer                              Date                Location
      Sudarlin                 tiLearn 039: Treaty Expose 2023          Tugu Institute dan Reinsurance Group           16 Januari 2023            Hybrid
                                                                        Tugu Institute and Reinsurance Group           16 January 2023
                               People Management Development            HR Excellency                                22-24 Februari 2023          Jakarta
                               Program Batch 4                                                                       22-24 February 2023
                               Risk Management Forum Pertamina          Tugu Institute dan ERM & Legal Group            16 Maret 2023             Jakarta
                               Group 2023                               Tugu Institute and ERM & Legal Group            16 March 2023
                               Certified Professional in Organization   Howard Hermes                                   27-28 Mei 2023            Online
                               Development (CPOD) Batch 13                                                              27-28 May 2023
                               tiLearn 042: Implementasi SMAP           Tugu Institute dan Compliance                    8 Juni 2023              Online
                               Dalam Menunjang Kegiatan                 Tugu Institute and Compliance                    8 June 2023
                               Operasional Perusahaan
                               tiLearn 042: Implementation
                               of SMAP to Support Company
                               Operational Activities
                               The 1st Indonesia Insurance Summit       AAMAI                                         23-24 Agustus 2023        Yogyakarta
                                                                        Indonesian Association of Insurance           23-24 August 2023
                                                                        Management Experts
                               Indonesia Rendezvous                     AAUI                                          11-14 Oktober 2023           Bali
                                                                        Indonesian General Insurance                  11-14 October 2023
                                                                        Association
      Edi Yoga Prasetyo        Manajemen Risiko – QRGP                  WDA-LSP MKS                                     25-26 Mei 2023            Online
                               Risk Management - QRGP                                                                   25-26 May 2023
                               tiLearn 042: Implementasi SMAP           Tugu Institute dan Compliance                    8 Juni 2023              Online
                               Dalam Menunjang Kegiatan                 Tugu Institute and Compliance                    8 June 2023
                               Operasional Perusahaan
                               tiLearn 042: Implementation
                               of SMAP to Support Company
                               Operational Activities
                               tiLearn 046: Perlindungan Data           Tugu Institute dan Legal & Compliance           2 Agustsu 2023            Online
                               Pribadi di Industri Jasa Keuangan        Tugu Institute and Legal & Compliance           2 August 2023
                               Setelah Disahkannya UU PDP
                               tiLearn 046: Protection of Personal
                               Data in the Financial Services
                               Industry After the Passing of the
                               PDP Law
                               Basic Insurance                          WDA                                         25-27 September 2023          Jakarta
                                                                                                                    25-27 September 2023
                               Risk Beyond International                IRMAPA                                        6-8 Desember 2023            Bali
                               Conference on ERM 2023                   Indonesia Risk Management                     6-8 December 2023
                                                                        Professional Association




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Penilaian Kinerja Komite-komite di Bawah Direksi
Performance Assessment of Committee under the Board of Directors

Di tahun 2023, Direksi menilai bahwa Komite Investasi,                          In 2023, the Board of Directors assessed that the
Komite Manajemen Risiko dan Komite Pengarah Teknologi                           Investment Committee, Risk Management Committee and
Informasi telah melaksanakan tugas dan tanggung jawab                           Information Technology Steering Committee have carried
sebaik-baiknya. Hal tersebut didasari oleh penilaian Direksi                    out their duties and responsibilities as well as possible.
atas kinerja Komite-komite tersebut dengan menggunakan                          This is based on the Board of Directors' assessment
Key Performance Indicator (KPI) yang antara lain mencakup                       of the performance of these Committees using Key
indikator penilaian sebagai berikut :                                           Performance Indicators (KPI) which include the following
                                                                                assessment indicators:
1. Realisasi jumlah pelaksanaan Rapat Komite dan                                1. Realization of Total Committee Meetings and Work Plans
   Rencana Kerja;                                                                   held;
2. Penilaian terhadap tingkat kehadiran dan partisipasi                         2. Assessment on attendance rate and participation at
   dalam Rapat;                                                                     the Meetings;
3. Penyampaian hasil reviu kepada Direksi;                                      3. Submission of Review Results to the Board
4. Pembuatan dan penyampaian Laporan Komite yang                                    of Commissioners;
   tepat waktu.                                                                 4. Timely Preparation and Submission of
                                                                                    Committee Reports.

Direksi menilai, Komite Investasi, Komite Manajemen                             The Board of Directors assessed that the Investment
Risiko dan Komite Pengarah Teknnologi Informasi telah                           Committee, Risk Management Committee and Information
memberikan kinerja yang baik dalam pelaksanaan tugas                            Technology Steering Committee have provided good
dan tanggung jawab masing-masing pada tahun 2023. Hal                           performance in conducting their respective duties and
ini didasari oleh realisasi pemenuhan tugas masing-masing                       responsibilities in 2023. This is based on the fulfillment of
Komite, kompetensi dan skill serta tingkat kehadiran anggota                    the duties in each Committee, competence and skills as well
Komite-komite tersebut dalam Rapat Komite. Direksi juga                         as the level of attendance members of these Committees
menilai bahwa Komite Investasi, Komite Manajemen Risiko                         at Committee Meetings. The Board of Directors also
dan Komite Pengarah Teknologi Informasi telah bekerja                           assessed that the Investment Committee, Risk Management
secara efektif dan memberikan kontribusi serta rekomendasi                      Committee and Information Technology Steering Committee
yang mendukung Direksi dalam melaksanakan tugas dan                             have worked effectively and provided contributions and
tanggung jawab pengelolaan perusahaan sesuai Anggaran                           recommendations that support the Board of Directors in
Dasar dan peraturan perundang-undangan yang berlaku.                            conducting the duties and responsibilities of managing the
                                                                                Company in accordance with the Articles of Association and
                                                                                applicable laws and regulations.




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          Performance Review         Management Report              Company Profile             Management Discussion and Analysis




          3.D.
  Transparansi Informasi tentang Dewan Komisaris dan Direksi
  Information Transparency about the Board of Directors and the Board of Commissioners


  Penilaian Kinerja Dewan Komisaris
  The Board of Commissioners’ Performance Assessment

  Perseroan melakukan penilaian kinerja Dewan Komisaris                The Company assesses the performance of the Board of
  melalui Key Performance Indicators (KPI) yang disusun                Commissioners through Key Performance Indicators (KPI)
  secara kolegial. KPI disusun berdasarkan RJPP dan                    which are prepared collegally. KPI is prepared based on
  RKAP Perusahaan atas kesepakatan manajemen dengan                    the Company's RJPP and RKAP based on management
  memperhatikan visi dan misi Perusahaan serta masukan/                agreement by taking into account the Company's vision and
  arahan Pemegang Saham dalam RUPS.                                    mission as well as input/direction from Shareholders at
                                                                       the GMS.

  Prosedur Pelaksanaan Penilaian Kinerja Dewan Komisaris
  Procedure of the Board of Commissioners’ Performance Assessment




                                                                                           Evaluasi oleh
             Self-assessment oleh Dewan Komisaris
                                                                                    Pemegang Saham dalam RUPS
             Self-assessment by the Board of Commissioners
                                                                                    Evaluated by the Shareholders at GMS



  Pemegang Saham dalam Rapat Umum Pemegang Saham                       Shareholders have the right to evaluate the performance of
  berhak melakukan evaluasi atas kinerja Dewan Komisaris               the Board of Commissioners every year through the General
  setiap tahun. Penilaian Kinerja Dewan Komisaris dilakukan            Meeting of Shareholders. The performance assessment
  dengan sistem self-assessment oleh Dewan Komisaris.                  of the Board of Commissioners is carried out with a self-
  Selanjutnya, sistem penilaian kinerja ini akan dievaluasi oleh       assessment system by the Board of Commissioners.
  Pemegang Saham dalam RUPS.                                           Furthermore, this performance assessment system will be
                                                                       evaluated by the Shareholders in the GMS.

  Kriteria Penilaian Kinerja Dewan Komisaris                           Board of Commissioners’ Performance Assessment
                                                                       Criteria

  Secara umum, penilaian kinerja anggota Dewan Komisaris               In general, performance assessment of the Board of
  ditentukan berdasarkan tugas dan tanggung jawabnya                   Commissioners members is determined by the duties and
  sebagaimana tercantum dalam peraturan perundang-                     responsibilities as set forth in the applicable laws and
  undangan yang berlaku, Anggaran Dasar Perusahaan, dan                regulations, the Company’s Articles of Association, and the
  amanat pemegang saham.                                               Shareholders’ mandate.

  Penilaian kinerja Dewan Komisaris dilakukan berdasarkan              Performance assessment of the Board of Commissioners is
  pencapaian Key Performance Indicators (KPI) dan                      conducted based on the achievement of Key Performance
  memperhatikan AKHLAK (Amanah, Kompeten, Harmonis,                    Indicators (KPI) and taking into account the AKHLAK
  Loyal, Adaptif, dan Kolaboratif) behavior survey. KPI                (Amanah, Kompeten, Harmonis, Loyal, Adaptif, and
  merupakan ukuran penilaian atas keberhasilan pelaksanaan             Kolaboratif) behaviour survey. KPI is an assessment
  tugas dan tanggung jawab pengawasan dan pemberian                    measure on the successful implementation of the duties
  nasihat oleh Dewan Komisaris. Aspek yang dinilai dalam KPI           and responsibilities of supervision and advisory by the
  Dewan Komisaris tahun 2023 adalah aspek perencanaan,                 Board of Commissioners. The aspects assessed in the KPI
  aspek pelaksanaan tugas, aspek pelaporan, dan                        for the Board of Commissioners in 2023 are the planning
  aspek dinamis.                                                       aspect, task execution aspect, reporting aspect, and
                                                                       dynamic aspect.

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Penilaian Kinerja Masing-masing Anggota Dewan Komisaris
Performance Assessment of Each Member of the Board of Commissioners
        Nama                    Jabatan                                               Pencapaian Kinerja 2023
        Name                    Position                                                Achievement in 2023
 Dian Masyita           Presiden Komisaris &         •   Telah melaksanakan tugas dan tanggung jawab sebagai Presiden Komisaris dan Komisaris
                        Komisaris Independen             Independen sesuai Board Manual dan KPI yang telah ditetapkan.
                        President Commissioner       •   Mempunyai kompetensi yang sesuai dengan bidang tugas dan tanggung jawabnya.
                        & Independent                •   Kehadiran dalam Rapat Dewan Komisaris adalah 100% dan dalam Rapat Dewan Komisaris
                        Commissioner                     mengundang Direksi adalah 100%.

                                                     •   Has carried out duties and responsibilities as President Commissioner and Independent
                                                         Commissioner, in accordance with the Board Manual and KPI that have been determined.
                                                     •   Has competence in accordance with the scope of duties and responsibilities.
                                                     •   Attendance at Board of Commissioners Meetings reached 100% and attendance at Board of
                                                         Commissioners joint meetings with the Board of Directors was 100%.
 Bagus Agung            Komisaris                    •   Telah melaksanakan tugas dan tanggung jawab sebagai Komisaris sesuai Board Manual dan
 Rahadiansyah           Commissioner                     KPI yang telah ditetapkan.
                                                     •   Mempunyai kompetensi yang sesuai dengan bidang tugas dan tanggung jawabnya.
                                                     •   Kehadiran dalam Rapat Dewan Komisaris adalah 100% dan dalam Rapat Dewan Komisaris
                                                         Mengundang Direksi adalah 100%.

                                                     •   Has carried out duties and responsibilities as Commissioner, in accordance with the Board
                                                         Manual and KPI that have been determined.
                                                     •   Has competence in accordance with the scope of duties and responsibilities.
                                                     •   Attendance at Board of Commissioners Meetings reached 100% and attendance at Board of
                                                         Commissioners Meetings joint meetings with the Board of Directors was 100%.
 Samuel Lie             Komisaris                    •   Telah melaksanakan tugas dan tanggung jawab sebagai Komisaris sesuai Board Manual dan
 (Samuel Ramna)         Commissioner                     KPI yang telah ditetapkan.
                                                     •   Mempunyai kompetensi yang sesuai dengan bidang tugas dan tanggung jawabnya.
                                                     •   Kehadiran dalam Rapat Dewan Komisaris adalah 100% dan dalam Rapat Dewan Komisaris
                                                         Mengundang Direksi adalah 100%.

                                                     •   Has carried out duties and responsibilities as Commissioner, in accordance with the Board
                                                         Manual and KPI that have been determined.
                                                     •   Has competence in accordance with the scope of duties and responsibilities.
                                                     •   Attendance at Board of Commissioners Meetings reached 100% and attendance at Board of
                                                         Commissioners joint meetings with the Board of Directors was 100%.
 Poerwo Tjahjono        Komisaris Independen         •   Telah melaksanakan tugas dan tanggung jawab sebagai Komisaris Independen sesuai Board
                        Independent                      Manual dan KPI yang telah ditetapkan.
                        Commissioner                 •   Mempunyai kompetensi yang sesuai dengan bidang tugas dan tanggung jawabnya.
                                                     •   Kehadiran dalam Rapat Dewan Komisaris adalah 100% dan dalam Rapat Dewan Komisaris
                                                         Mengundang Direksi adalah 100%.

                                                     •   Has carried out duties and responsibilities as Independent Commissioner, in accordance
                                                         with the Board Manual and KPI that have been determined.
                                                     •   Has competence in accordance with the scope of duties and responsibilities.
                                                     •   Attendance at Board of Commissioners Meetings reached 100% and attendance at Board of
                                                         Commissioners joint meetings with the Board of Directors was 100%.
 Tajudin Noor           Komisaris Independen         Bapak Tajudin Noor belum efektif menjalankan tugasnya sebagai Komisaris Independen pada
                        Independent                  tahun 2023. Beliau mendapatkan penetapan hasil penilaian kemampuan dan kepatutan dari
                        Commissioner                 Otoritas Jasa Keuangan (OJK) melalui surat keputusan No. KEP-6/D.05/2024 tanggal 18 Januari
                                                     2024.

                                                     Mr. Tajudin Noor has not yet effectively performed his duties as an Independent Commissioner in
                                                     2023. He received fit and proper test result from the Financial Services Authority (OJK) through
                                                     Decree No KEP-6/D.05/2024 dated 18 January 2024.




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          Performance Review           Management Report              Company Profile            Management Discussion and Analysis




  Pihak yang Melakukan Penilaian Kinerja Dewan                           The Party Conducting the Board of Commissioners’
  Komisaris                                                              Performance Assessment

  Pihak yang melakukan penilaian kinerja Dewan Komisaris                 The party conducting the Board of Commissioners’
  adalah Pemegang Saham dalam Rapat Umum Pemegang                        performance assessment are the Shareholders at the
  Saham maupun dalam Rapat Pemegang Saham Pengendali.                    General Meeting of Shareholders (GMS) and at the Meeting
  Penilaian kinerja ini dilakukan berdasarkan hasil self-                of Controlling Shareholder. This performance assessment is
  assessment Dewan Komisaris yang disampaikan oleh                       based on the results of the self-assessment of the Board of
  Dewan Komisaris. Hasil evaluasi kinerja tersebut juga                  Commissioners submitted by the Board of Commissioners.
  merupakan sarana penilaian serta peningkatan efektivitas               The results of the performance evaluation are also a means
  Dewan Komisaris.                                                       of evaluating and increasing the effectiveness of the Board
                                                                         of Commissioners.

  Penilaian Kinerja Direksi
  Assessment of the Board of Directors’ Performance

  Perseroan melakukan penilaian kinerja Direksi melalui Key              The Company assessed the performance of the Board of
  Performance Indicators (KPI) yang disusun secara kolegial.             Directors through Key Performance Indicators (KPI) which
  KPI disusun berdasarkan RJPP dan RKAP Perusahaan atas                  were prepared collegially. KPI are prepared based on the
  kesepakatan manajemen dengan memperhatikan visi dan                    Company's RJPP and RKAP by management agreement
  misi Perusahaan serta masukan/arahan Pemegang Saham                    with due regard to the Company's vision and mission as
  dalam RUPS. KPI mengukur capaian kinerja dan diturunkan                well as input/direction from Shareholders in the GMS.
  ke setiap Direksi yang menjadi sasaran kinerjanya masing-              KPIs measure performance achievements and are passed
  masing, sehingga diharapkan masing-masing anggota                      down to each member of the Board of Directors as their
  Direksi dapat berkontribusi untuk mencapai kinerja Direksi             respective performance targets, so that it is expected that
  secara berkesinambungan.                                               each member of the Board of Directors can contribute to
                                                                         achieving the performance of the Board of Directors on a
                                                                         sustainable basis.

  Agar dapat mencapai kinerja yang diinginkan sesuai                     To achieve these performance targets, each member of the
  target, setiap Direksi menentukan strategi-strategi yang               Board of Directors determines the strategies that will be
  akan ditempuh sesuai dengan kondisi perkembangan dan                   pursued in accordance with the Company’s development
  kebutuhan Perseroan. Faktor utama keberhasilan (Critical               conditions and needs. The Critical Success Factors (CSF) are
  Success Factors) ditentukan pada kondisi Perseroan dari sisi           determined by considering the Company’s condition in terms
  pasar, operasional dan faktor penunjang lainnya.                       of market, operations, and other supporting factors.


  Prosedur Pelaksanaan Penilaian Kinerja Direksi
  Procedure of the Board of Directors’ Performance Assessment




                     Tahap Pertama                                Tahap Kedua                                Tahap Ketiga
                     Pengukuran dan                                 Evaluasi                             Pengesahan Laporan

      1              Pelaporan Kerja
                       First Stage:
                Performance Measurement
                                                2               Penilaian Kinerja
                                                                Second Stage:
                                                           Performance Assessment
                                                                                            3             Pencapaian Kinerja
                                                                                                              Third Stage:
                                                                                                       Enactment of Performance
                      and Reporting                               Evaluation                              Achievement Report




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




1. Tahap Pertama: Pengukuran dan Pelaporan Kinerja                              1. First Stage: Performance Measurement and Reporting
   Direksi
   Direksi melakukan evaluasi terhadap kinerja masing-                             The Board of Directors evaluates the performance of
   masing Direktorat dan secara kolegial berdasarkan                               each Directorate and collegially based on the Company's
   hasil pencapaian Perusahaan sesuai dengan timeline                              achievements in accordance with the established
   yang ditetapkan, dengan metode yang memenuhi aspek                              timeline, with methods that meet the aspects of reliability
   reliabilitas dan validitas. Di samping itu, Perusahaan juga                     and validity. In addition, the Company also measures
   mengukur kinerja Direksi melalui penilaian penerapan                            the performance of the Board of Directors through a
   tata nilai budaya AKHLAK secara 360 derajat. Hasil                              360-degree assessment of the implementation of the
   ini kemudian dilaporkan kepada Dewan Komisaris dan                              AKHLAK cultural values. These results are then reported
   Pemegang Saham untuk divalidasi dan disetujui;                                  to the Board of Commissioners and Shareholders for
2. Tahap Kedua: Evaluasi Penilaian Kinerja Dewan                                   validation and approval;
   Komisaris memberikan umpan balik setelah melakukan                           2. Second Stage: Performance Assessment Evaluation
   evaluasi terhadap Laporan Pencapaian Kinerja dengan                             The Board of Commissioners provides feedback after
   memperhatikan Tata Nilai Budaya AKHLAK dan                                      evaluating the Performance Achievement Report by
   memberikan pendapat serta saran atas pencapaian                                 taking into account the AKHLAK Culture Value System
   kinerja, termasuk di dalamnya rekomendasi Skor atau                             and provides opinions and suggestions on performance
   Nilai Akhir bagi masing-masing Direksi;                                         achievements, including recommendations for the Score
3. Tahap Ketiga: Pengesahan Laporan Pencapaian Kinerja                             or Final Score for each Director;
   Skor atau Nilai Prestasi Direksi disahkan pada                               3. Third Stage: Enactment of Performance Achievement
   Performance Review, setelah sebelumnya dilakukan                                Report
   evaluasi dan klarifikasi oleh Dewan Komisaris dan                               The Directors' Achievement Score or Value is approved at
   Pemegang Saham terhadap Laporan pencapaian                                      the Performance Review, after evaluation and clarification
   Kinerja Perusahaan.                                                             by the Board of Commissioners and Shareholders of the
                                                                                   Company's Performance Achievement Report.

Kriteria Kinerja Direksi                                                        Board of Directors’ Performance Criteria

Kriteria Kinerja Direksi yang disusun secara kolegial meliputi:                 The Board of Directors’ Performance Criteria that are
                                                                                collegially determined include:
1. Rencana Kerja dan Anggaran Perusahaan (RKAP) tahun                           1. Company Work Plan and Budget (RKAP) for the year and
   berjalan dan garis besar laporan kinerja keuangan,                               outline of financial performance reports, such as: Net
   seperti: Laba Bersih, Overhead cost, EBITDA, RBC, COR,                           Profit, Overhead cost, EBITDA, RBC, COR, and investment
   dan realisasi investasi (ABI);                                                   realization (ABI);
2. Pencapaian program kerja Komite-komite dan fungsi-                           2. Achievement of the work program of the Committees and
   fungsi di bawah Direksi;                                                         functions under the Board of Directors;
3. Pelaksanaan Program Strategic Inisiatives;                                   3. Implementation of Initiative Strategic Program;
4. Implementasi GCG dan HSSE;                                                   4. GCG and HSSE implementation;
5. Ketaatan terhadap peraturan perundang-undangan                               5. Compliance with the prevailing laws and regulations, the
   yang berlaku, Anggaran Dasar, ketentuan RUPS, serta                              Articles of Association, the provisions of the GMS, as well
   kebijakan Perseroan;                                                             as the Company’s policies;
6. Kontribusi dalam melakukan tugas dan tanggung jawab                          6. Contribution to performing the duties and responsibilities
   pengurusan Perseroan;                                                            of the Company’s management;
7. Komitmen dalam memajukan kepentingan Perseroan;                              7. Commitment to boosting the Company’s interests;
8. Tingkat kehadiran dalam Rapat Direksi, Rapat Gabungan                        8. Attendance rate at the Board of Directors Meeting,
   Direksi dengan Dewan Komisaris maupun Rapat Direksi                              Joint Meeting of the Board of Directors with the Board
   dengan Komite dan fungsi-fungsi di bawah Direksi;                                of Commissioners and the Board of Directors’ Meeting
9. Optimalisasi pelaksanaan sinergi Pertamina Group.                                with the Committees and functions under the Board
                                                                                    of Directors;
                                                                                9. Optimization of synergy with Pertamina Group.




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          Performance Review              Management Report                Company Profile                 Management Discussion and Analysis




  Kriteria kinerja secara Kolegial tersebut kemudian diturunkan                The collegial performance criteria are passed down
  kepada masing-masing individu Direksi. Uraian di bawah ini                   to each individual member of the Board of Directors.
  merupakan fokus utama untuk melakukan penilaian selain                       The descriptions below are the main focus for
  dari penilaian yang ditetapkan secara kolegial.                              conducting assessments other than those that are
                                                                               collegially determined.

  Penilaian Kinerja Masing-masing Anggota Direksi                              Performance Assessment of the Board of Directors
                                                                               Members

  Informasi mengenai penilaian kinerja masing-masing                           The following table presents performance assessment
  anggota Direksi hingga akhir tahun 2023 dapat dilihat                        of each member of the Board of Directors until the end
  sebagai berikut:                                                             of 2023:


               Nama                    Jabatan                                           Pencapaian Kinerja 2023
               Name                    Position                                            Achievement in 2023
      Tatang Nurhidayat        Presiden Direktur        •     Tercapainya kinerja Direksi secara Kolegial.
                               President Director.      •     Terpenuhinya target peringkat internasional A- dari AM Best.
                                                        •     Terpenuhinya pelaksanaan pengendalian internal dan pengelolaan risiko.
                                                        •     Terlaksananya program strategic initiatives perusahaan.
                                                        •     Kehadiran dalam Rapat Direksi adalah 100% dan dalam Rapat Dewan Komisaris
                                                              Mengundang Direksi adalah 91%.

                                                        •     Achieving collegial performance of the Board of Directors.
                                                        •     Fulfillment of international rating target of A- from AM Best.
                                                        •     Fulfillment of implementation of internal control and risk management.
                                                        •     Implementation of the Company's strategic initiatives program.
                                                        •     Attendance at Board of Directors Meetings reached 100% and attendance at Board of
                                                              Commissioners joint meeting with the Board of Directors was 91%.
      Emil Hakim               Direktur Keuangan &      •     Tercapainya target finansial perusahaan yang ditetapkan sesuai RKAP tahun berjalan.
                               Layanan Korporat         •     Terpenuhinya tenggat waktu penyampaian laporan keuangan ke regulator dan Pertamina.
                               Finance & Corporate      •     Tercapainya target implementasi ERP Finance System dan digitalisasi proses bisnis.
                               Service Director         •     Kehadiran dalam Rapat Direksi adalah 100% dan dalam Rapat Dewan Komisaris
                                                              Mengundang Direksi adalah 100%.

                                                        •     Achievement of the Company's financial targets set according to the current year's RKAP.
                                                        •     Fulfillment of deadlines for submitting financial reports to regulators and Pertamina.
                                                        •     Achieved the ERP Finance System implementation target and digitalization of business
                                                              processes.
                                                        •     Attendance at Board of Directors Meetings reached 100% and attendance at Board of
                                                              Commissioners joint meeting with the Board of Directors was 100%.
      Ery Widiatmoko           Direktur Pemasaran       •     Tercapainya target Gross Written Premium sesuai yang ditetapkan di RKAP tahun berjalan.
                               Asuransi                 •     Tercapainya target kepuasan dan indeks loyalitas pelanggan (customer satisfaction &
                               Insurance Marketing            loyalty index).
                               Director                 •     Tercapainya kerja sama strategis pada bisnis asuransi yang baik dan saling
                                                              menguntungkan.
                                                        •     Kehadiran dalam Rapat Direksi adalah 100% dan dalam Rapat Dewan Komisaris
                                                              Mengundang Direksi adalah 91%.

                                                        •     Achievement of the Gross Written Premium target as determined in the current year's
                                                              RKAP.
                                                        •     Achievement of customer satisfaction and loyalty index targets.
                                                        •     Achieving strategic cooperation in the insurance business that is good and mutually
                                                              beneficial.
                                                        •     Attendance at Board of Directors Meetings reached 100% and attendance at Board of
                                                              Commissioners joint meeting with the Board of Directors was 91%.




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    Corporate Governance                     Corporate Social Responsibility                  Audited Report




            Nama                     Jabatan                                            Pencapaian Kinerja 2023
            Name                     Position                                             Achievement in 2023
 Edi Yoga Prasetyo           Direktur Kepatuhan &       •   Tercapainya penerapan manajemen risiko perusahaan.
                             Manajemen Risiko           •   Tercapainya target peringkat pengelolaan risiko.
                             Compliance & Risk          •   Tercapainya target implementasi GCG.
                             Management Director        •   Tercapainya target pelaporan kepatuhan ke regulator dan Pertamina.
                                                        •   Kehadiran dalam Rapat Direksi adalah 100% dan dalam Rapat Dewan Komisaris
                                                            Mengundang Direksi adalah 100%.

                                                        •   Achievement of implementation of corporate risk management.
                                                        •   Achievement of risk management rating targets.
                                                        •   Achievement of GCG implementation targets.
                                                        •   Achievement of compliance reporting targets to regulators and Pertamina.
                                                        •   Attendance at Board of Directors Meetings reached 100% and attendance at Board of
                                                            Commissioners joint meeting with the Board of Directors was 100%.
 Sudarlin                    Direktur Teknik            •   Tercapainya target Surplus Underwriting sesuai yang ditetapkan di RKAP tahun berjalan.
                             Technical Director         •   Tercapainya target pertumbuhan overseas inward.
                                                        •   Tercapainya kebijakan yang menjamin terlaksananya pengelolaan portofolio asuransi
                                                            dengan baik.
                                                        •   Kehadiran dalam Rapat Direksi adalah 94% dan dalam Rapat Dewan Komisaris
                                                            Mengundang Direksi adalah 86%.

                                                        •   Achievement of the Underwriting Surplus target as determined in the current year's RKAP.
                                                        •   Achievement of overseas inward growth targets.
                                                        •   Achievement of policies that guarantee the implementation of good insurance portfolio
                                                            management.
                                                        •   Attendance at Board of Directors Meetings reached 94% and attendance at Board of
                                                            Commissioners joint meeting with the Board of Directors was 86%.



Pihak yang Melakukan Penilaian                                                  Party Conducting Assessment

Pihak yang melakukan penilaian atas kinerja Direksi adalah                      The party that assesses the performance of the Board
Dewan Komisaris dibantu oleh Komite Nominasi dan                                of Directors is the Board of Commissioners assisted
Remunerasi. Penilaian tersebut dilakukan berdasarkan                            by the Nomination and Remuneration Committee. The
evaluasi terhadap kinerja masing-masing Direktorat dan                          assessment is carried out based on evaluation on the
secara kolegial berdasarkan hasil pencapaian Perusahaan.                        performance of each Directorate and collegially based on the
                                                                                Company’s achievement.




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          Performance Review           Management Report            Company Profile            Management Discussion and Analysis




          3.E.
  Nominasi dan Remunerasi Dewan Komisaris dan Direksi
  Nomination and Remuneration of the Board of Commissioners and the Board of Directors


  Nominasi Dewan Komisaris
  The Nomination of the Board of Commissioners

  RUPS memiliki wewenang untuk mengangkat dan                          GMS is fully authorized to appoint and dismiss members of
  memberhentikan anggota Dewan Komisaris dengan                        the Board of Commissioners, by considering the Company’s
  memperhatikan visi, misi, dan rencana strategis agar                 vision, mission, and strategic plans to enable effective, fast,
  memungkinkan kemudahan dalam pengambilan keputusan                   precise, and independent decision making. In appointing the
  yang efektif, cepat, tepat dan independen. Dalam                     Board of Commissioners’ member, the candidates may be
  pengangkatan Dewan Komisaris, kandidat Komisaris                     nominated by the controlling shareholder. The nomination
  dapat dinominasikan oleh pemegang saham pengendali.                  and remuneration committee will discuss the profile and
  Pembahasan profil dan kualifikasi masing-masing kandidat             qualifications of each candidate in the nomination meeting.
  akan dibahas oleh Komite Nominasi dan Remunerasi dalam               The selected candidate will be appointed with the approval of
  rapat nominasi. Kandidat terpilih akan diangkat dengan               the GMS. The nomination and appointment mechanism for
  persetujuan RUPS. Mekanisme nominasi dan pengangkatan                the Board of Commissioners can be described as follows.
  Dewan Komisaris dapat diuraikan sebagai berikut.



                                                           Direkomendasikan
                                                           oleh Dewan Komisaris
                 Diusulkan oleh                            atau Komite Nominasi                           Diangkat dengan
                 Pemegang Saham                            dan Remunerasi                                 Persetujuan RUPS
                 Proposed by the                           Recommended by the Board                       Appointed with GMS
                 Shareholders                              of Commissioners or the                        Approval
                                                           Nomination and
                                                           Remuneration Committee




  Berdasarkan Peraturan Otoritas Jasa Keuangan No. 27/                 In accordance with the Financial Services Authority
  POJK.03/2016 tanggal 22 Juli 2016 tentang Penilaian                  Regulation No. 27/POJK.03/2016 dated 22 July 2016
  Kemampuan dan Kepatutan bagi Pihak Utama Lembaga Jasa                concerning Fit and Proper Test for the Main Parties of
  Keuangan, calon anggota Dewan Komisaris yang termasuk                Financial Services Institutions, candidates for the Board
  sebagai Pihak Utama Perseroan yang merupakan Lembaga                 of Commissioners who are included as the Main Parties
  Jasa Keuangan wajib memperoleh persetujuan dari Otoritas             of the Company, must obtain approval from the Financial
  Jasa Keuangan sebelum menjalankan tindakan, tugas                    Services Authority before performing their actions, duties
  dan fungsinya sebagai anggota Dewan Komisaris. Dalam                 and functions as a member of the Board of Commissioners.
  rangka memberikan persetujuan tersebut, OJK melakukan                To grant this approval, OJK conducts a fit and proper test for
  penilaian kemampuan dan kepatutan kepada calon anggota               prospective members of the Board of Commissioners.
  Dewan Komisaris.

  Anggota Dewan Komisaris yang telah lulus penilaian                   For the members of the Board of Commissioners who have
  kemampuan dan kepatutan tanpa catatan dan telah                      passed the fit and proper test without any notes, and have
  mendapat persetujuan dari Otoritas Jasa Keuangan,                    received approval from the Financial Services Authority, it is
  mengindikasikan bahwa anggota Dewan Komisaris yang                   indicated that they have and meet the integrity, competence
  bersangkutan memiliki dan memenuhi persyaratan integritas,           and adequate financial reputation requirements. The list
  kompetensi dan reputasi keuangan yang memadai. Adapun                of members of the Board of Commissioners who have



270       LAPORAN TAHUNAN 2023                                                                     PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




daftar anggota Dewan Komisaris melakukan penilaian dan                          conducted OJK’s fit and proper test and compliance as of 31
kemampuan dan kepatuhan OJK per 31 Desember 2023                                December 2023 is as follows:
adalah sebagai berikut:


                                                                                                                  Tanggal Efektif Berdasarkan
                Nama                                Jabatan                     Keputusan Fit & Proper OJK                  Surat OJK
                Name                                Position                      OJK Fit & Proper Decision        Effective Date Based on OJK
                                                                                                                              Letter
 Dian Masyita                        Presiden Komisaris & Komisaris         Surat Keputusan OJK No. Kep- 47/      11 Oktober 2022
                                     Independen                             KDK.05/2022 – Lulus                   11 October 2022
                                     President Commissioner and             OJK Decree No. Kep- 47/
                                     Independent Commissioner               KDK.05/2022 – Pass
 Bagus Agung Rahadiansyah            Komisaris                              Surat Keputusan OJK No. Kep –         23 Juni 2023
                                     Commissioner                           29/KDK.05/2023 – Lulus                23 June 2023
                                                                            OJK Decree No. Kep – 29/
                                                                            KDK.05/2023 – Pass
 Samuel Lie (Samuel Ramna)           Komisaris                              Surat Keputusa OJK No. Kep – 41/      4 Desember 2023
                                     Commissioner                           Kdk.05/2023 – Lulus                   4 December 2023
                                                                            OJK Decree No. Kep – 41/
                                                                            KDK.05/2023 – Pass
 Poerwo Tjahjono                     Komisaris Independen                   Surat Keputusan OJK No. KEP-80/       10 November 2020
                                     Independent Commissioner               KDK.05/2020 – Lulus                   10 November 2020
                                                                            OJK Decree No. KEP-80/
                                                                            KDK.05/2020 – Pass
 Tajudin Noor                        Komisaris Independen                   Surat Keputusan OJK No. KEP-          18 Januari 2024
                                     Independent Commissioner               6/D.05/2024 – Lulus                   18 January 2024
                                                                            OJK Decree No. No. KEP-
                                                                            6/D.05/2024 – Pass



Remunerasi Dewan Komisaris
The Board of Commissioners’ Remuneration

Prosedur Pengusulan hingga Penetapan Remunerasi                                 Procedure for Proposing to Determining
Dewan Komisaris                                                                 Remuneration of the Board of Commissioners

Secara garis besar, prosedur penetapan remunerasi Dewan                         In general, the procedure for determining the remuneration of
Komisaris dilakukan melalui tahapan berikut:                                    the Board of Commissioners of Tugu Insurance is carried out
                                                                                in stages as shown in the following chart:



          Komite Nominasi
            & Remunerasi                                      Dewan Komisaris
           menyampaikan                                     menyampaikan usulan
                                                                                                                Struktur & besaran
       rekomendasi mengenai                                  struktur & besaran
                                                                                                                remunerasi Dewan
         struktur & besaran                                  remunerasi Dewan
                                                                                                             Komisaris diagendakan,
         remunerasi Dewan                                     Komisaris kepada
                                                                                                             dibahas, dan diputuskan
      Komisaris kepada Dewan                                 pemegang saham
                                                                                                                   dalam RUPS
              Komisaris                                         dalam RUPS
                                                                                                               The structure and amount of
      The Nomination & Remuneration                        The Board of Commissioners                         remuneration for the Board of
             Committee submits                                submits the Proposed                            Commissioners is scheduled,
         recommendations regarding                            Structure & Amount of                           discussed and decided at the
          the structure & amount of                            Remuneration for the                                        GMS
        remuneration of the Board of                        Board of Commissioners to
       Commissioners to the Board of                         Shareholders at the GMS
               Commissioners




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023     271
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      1   Kilas Kinerja          2   Laporan Manajemen   3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report         Company Profile            Management Discussion and Analysis




  • Komite Nominasi dan Remunerasi melakukan                      • The Nomination and Remuneration Committee prepares
    penyusunan dan evaluasi terhadap struktur, kebijakan            and evaluates the structure, policies and the amount
    dan besaran remunerasi Dewan Komisaris sesuai                   of remuneration for the Board of Commissioners in
    dengan peraturan perundangan yang berlaku. Struktur             accordance with applicable laws and regulations. The
    Remunerasi tersebut dapat berupa gaji, honorarium,              Remuneration Structure consist of salary, honorarium,
    insentif dan/atau tunjangan yang bersifat tetap dan/            incentives and/or benefits that are fixed and/or variable;
    atau variabel;                                                • Based on the results of the evaluation, the
  • Berdasarkan hasil evaluasi tersebut Komite Nominasi             Nomination and Remuneration Committee will provide
    dan Remunerasi akan memberikan rekomendasi kepada               recommendations to the Board of Commissioners
    Dewan Komisaris mengenai struktur remunerasi,                   regarding the remuneration structure, remuneration
    kebijakan remunerasi dan besaran remunerasi                     policy and the amount of remuneration for the Board
    Dewan Komisaris;                                                of Commissioners;
  • Dewan Komisaris akan menyampaikan usulan mengenai             • The Board of Commissioners will submit a proposal
    honorarium bagi Dewan Komisaris serta tantiem bagi              regarding honorarium for the Board of Commissioners
    Dewan Komisaris kepada Pemegang Saham untuk                     and bonus for the Board of Commissioners to the
    mendapat persetujuan RUPS.                                      Shareholders to get GMS approval.

  Kriteria Penetapan Remunerasi Dewan Komisaris                   Criteria for Determining the Board of
                                                                  Commissioners Remuneration

  Dalam menjalankan tugas dan tanggung jawabnya, Dewan            In carrying out their duties and responsibilities, the Board
  Komisaris mendapat sejumlah remunerasi dan fasilitas            of Commissioners receives some remuneration and other
  lainnya. Kebijakan pemberian remunerasi dan fasilitas           facilities, which refer to the resolutions of the Shareholders
  lainnya bagi Dewan Komisaris mengacu kepada keputusan           as stipulated in the General Meeting of Shareholders by
  Pemegang Saham sebagaimana ditetapkan dalam Rapat               taking into account the results of studies conducted by
  Umum Pemegang Saham dengan memperhatikan hasil                  the Company. The review of the structure and amount of
  kajian yang dilakukan oleh Perusahaan. Kajian tentang           remuneration for the Board of Commissionersis based on:
  struktur dan jumlah remunerasi untuk Dewan Komisaris
  didasarkan pada:
  • Ketentuan dan Perundang-Undangan yang berlaku;                • Applicable laws and regulation;
  • Ketentuan yang berlaku pada PT Pertamina (Persero)            • Provisions applicable to PT Pertamina (Persero) as the
      selaku Pemegang Saham Pengendali;                             Controlling Shareholder;
  • Kinerja Perseroan;                                            • Company performance;
  • Kewajaran dengan Industri Perasuransian;                      • Fairness with the Insurance Industry;
  • Regulasi yang terkait dengan remunerasi lainnya misalnya      • Regulations related to other remuneration, such as the
      Upah Minimum dan Undang-Undang Ketenagakerjaan.               Minimum Wages and the Labor Law.

  Pengkajian ulang atas Kebijakan Remunerasi dilakukan            The review of the Remuneration Policy is done periodically,
  secara berkala termasuk kaji ulang dilakukan untuk              including a review for the remuneration of the Board of
  remunerasi Dewan Komisaris, Direksi dan Pegawai.                Commissioners, Directors and Employees.

  Struktur Remunerasi Dewan Komisaris Tahun 2023                  Board of Commissioners Remuneration in 2023

  Hasil keputusan RUPS Tahunan tanggal 17 Mei 2022                The resolution of the Annual GMS, dated 17 May 2022,
  telah menyetujui untuk memberikan kuasa dan wewenang            has approved to grant power and authority to the Board of
  kepada Dewan Komisaris Perseroan dengan terlebih dahulu         Commissioners of the Company with prior approval from the
  mendapat persetujuan Pemegang Saham Perseroan yaitu PT          Company’s Shareholders, namely PT Pertamina (Persero)
  Pertamina (Persero) sebagai Pemegang Saham Pengendali           to determine Bonus for members of the Board of Directors
  untuk menetapkan Tantiem bagi anggota Direksi dan               and the Company’s Board of Commissioners for 2022 fiscal
  Dewan Komisaris Perseroan untuk tahun buku 2022; serta          year; and to determine the amount of salary/honorarium,
  untuk menetapkan besarnya gaji/honorarium, tunjangan            allowances and facilities for members of the Board of
  dan fasilitas bagi anggota Direksi dan Dewan Komisaris          Directors and Board of Commissioners of the Company
  Perseroan untuk tahun 2023.                                     for 2023.




272       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan                6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                      Corporate Social Responsibility                   Audited Report




Jumlah realisasi remunerasi anggota Dewan Komisaris pada                         The realization of remuneration for members of the Board of
tahun 2023 adalah sebesar Rp9.071.347.272,-.                                     Commissioners in 2023 is IDR 9,071,347,272.

Nominasi Direksi                                                                 The Board of Directors Nomination

RUPS memiliki wewenang penuh untuk mengangkat dan                                GMS has the full authorities to appoint and dismiss the
memberhentikan anggota Direksi, yang dilakukan dengan                            members of the Board of Directors, by considering the
memperhatikan visi, misi, dan rencana strategis Perseroan.                       Company’s vision, mission, and strategic plans. In appointing
Dalam pengangkatan Direksi, usulan pengangkatan anggota                          the Board of Directors, appointment proposal of the
Direksi kepada RUPS harus memperhatikan rekomendasi                              members of the Board of Directors to GMS is conducted
dari Dewan Komisaris atau Komite yang menjalankan                                with recommendation from the Board of Commissioners
fungsi nominasi. Kandidat terpilih akan diangkat dengan                          or Committees that conduct nomination function. Selected
persetujuan RUPS. Adapun mekanisme nominasi dan                                  candidates will be appointed with approval from the GMS.
pengangkatan Direksi dapat dilihat sebagai berikut:                              The mechanism for nomination and appointment of Directors
                                                                                 can be seen as follows:




                                                               Direkomendasikan oleh
                                                                Komite Nominasi dan
            Diusulkan oleh                                        Remunerasi atau                                  Diangkat dengan
           Pemegang Saham                                         Dewan Komisaris                                  Persetujuan RUPS
       Proposed by the Shareholders                           Recommended by the Nomination                    Appointed with GMS approval
                                                              and Remuneration Committee or
                                                                the Board of Commissioners




Sesuai dengan Peraturan Otoritas Jasa Keuangan No.                               In accordance with Financial Services Authority Regulation
27/POJK.03/2016 tentang Penilaian Kemampuan dan                                  No. 27/POJK.03/2016 concerning Fit and Proper Test
Kepatutan Bagi Pihak Utama Lembaga Jasa Keuangan,                                for the Main Parties of Financial Services Institutions,
pengangkatan anggota Direksi berlaku efektif setelah                             the appointment of members of the Board of Directors
mendapatkan persetujuan dari Otoritas Jasa Keuangan atas                         is effective after obtaining approval from the Financial
Penilaian Kemampuan dan Kepatutan (Fit and Proper Test).                         Services Authority for the Fit and Proper Test. To take part
Untuk dapat mengikuti proses Fit and Proper Test, Perseroan                      in the Fit and Proper Test process, the Company submits an
mengajukan permohonan untuk memperoleh persetujuan                               application to obtain the approval of prospective members of
calon anggota Direksinya kepada Otoritas Jasa Keuangan.                          the Board of Directors to the Financial Services Authority.

Adapun daftar anggota Direksi melakukan penilaian dan                            The list of members of the Board of Directors conducting
kemampuan dan kepatutan OJK hingga akhir tahun 2023                              OJK fit and proper test until the end of 2023 can be seen
dapat dilihat sebagai berikut:                                                   as follows:


                                                                                                                   Tanggal Efektif Berdasarkan
               Nama                                   Jabatan                    Keputusan Fit & Proper OJK                  Surat OJK
               Name                                   Position                     OJK Fit & Proper Decision        Effective Date Based on OJK
                                                                                                                               Letter
 Tatang Nurhidayat                       Presiden Direktur                   Surat Keputusan OJK No. Kep-32/             16 Agustus 2022
                                         President Director                  KDK.05/2022 – Lulus                         16 August 2022
                                                                             OJK Decree No. Kep-32/
                                                                             KDK.05/2022 – Pass
 Emil Hakim                              Direktur Keuangan & Layanan         Keputusan OJK No. Kep-48/                  10 September 2021
                                         Korporat                            KDK.05/2021 – Lulus                        10 September 2021
                                         Director of Finance & Corporate     OJK Decree No. Kep-48/
                                         Service                             KDK.05/2021 – Pass




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023      273
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      1   Kilas Kinerja             2     Laporan Manajemen             3   Profil Perusahaan       4   Analisis dan Pembahasan Manajemen
          Performance Review              Management Report                 Company Profile             Management Discussion and Analysis




                                                                                                                   Tanggal Efektif Berdasarkan
                    Nama                             Jabatan                    Keputusan Fit & Proper OJK                   Surat OJK
                    Name                             Position                     OJK Fit & Proper Decision         Effective Date Based on OJK
                                                                                                                               Letter
      Ery Widiatmoko                    Direktur Pemasaran Asuransi           Surat Keputusan OJK No. Kep-59/            23 September 2020
                                        Director of Insurance Marketing       KDK.05/2020 – Lulus                        23 September 2020
                                                                              OJK Decree No. Kep-59/
                                                                              KDK.05/2020 – Pass
      Edi Yoga Prasetyo                 Direktur Kepatuhan &                  Surat Keputusan OJK No. KEP-                18 Januari 2024
                                        Manajemen Risiko                      5/D.05/2024 – Lulus                         18 January 2024
                                        Director of Compliance & Risk         OJK Decree No. KEP-5/D.05/2024
                                        Management                            – Pass
      Sudarlin                          Direktur Teknik                       Surat Keputusan OJK No. KEP-                30 Oktober 2023
                                        Technical Director                    40/D.05/2023 – Lulus                        30 October 2023
                                                                              OJK Decree No. KEP-
                                                                              40/D.05/2023 – Pass




  Remunerasi Direksi
  The Board of Directors Remuneration

  Prosedur Pengusulan hingga Penetapan Direksi                                 Procedure for Proposing to Appointing Directors

  Secara garis besar, prosedur penetapan remunerasi Direksi                    The procedure for determining the remuneration of Tugu
  dilakukan melalui tahapan sebagai berikut:                                   Insurance Board of Directors is carried out in stages as
                                                                               shown in the following chart:




                          1                                                                                                3
             Komite Nominasi
             & Remunerasi
                                                              Dewan Komisaris
             menyampaikan
                                                              menyampaikan Usulan                               Struktur dan Besaran
             rekomendasi mengenai
                                                              Struktur & Besaran                                Remunerasi Direksi
             Struktur & Besaran
                                                              Remunerasi Direksi                                diagendakan, dibahas,
             Remunerasi Direksi
                                                              kepada Pemegang Saham                             dan diputuskan dalam
             kepada Dewan Komisaris
                                                              dalam RUPS                                        RUPS
             The Nomination &
                                                              The Board of Commissioners                        The Structure and Amount of
             Remuneration Committee
                                                              submits the Proposed                              Remuneration for the Board
             submits recommendations
                                                              Structure & Amount of                             of Directors is scheduled,
             regarding the Structure &
                                                              Remuneration for the Board                        discussed and decided at
             Amount of remuneration of
                                                              of Director to Shareholders at                    the GMS
             the Board of Commissioners
                                                              the GMS
             to the Board of                                                   •
             Commissioners




                                                                            2


274       LAPORAN TAHUNAN 2023                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




• Komite Nominasi dan Remunerasi melakukan                                      • The Nomination and Remuneration Committee
  penyusunan dan evaluasi terhadap struktur, kebijakan                            prepares and evaluates the structure, policies and
  dan besaran remunerasi Direksi. Struktur Remunerasi                             amount of remuneration for the Board of Directors. The
  tersebut dapat berupa gaji, honorarium, insentif dan/atau                       remuneration structure consists of salary, honorarium,
  tunjangan yang bersifat tetap dan/atau variabel;                                incentives and/or allowances that are fixed and/
• Berdasarkan hasil evaluasi tersebut Komite Nominasi                             or variable;
  dan Remunerasi akan memberikan rekomendasi kepada                             • Based on the results of the evaluation, the
  Dewan Komisaris mengenai struktur remunerasi,                                   Nomination and Remuneration Committee will provide
  kebijakan remunerasi dan besaran remunerasi Direksi;                            recommendations to the Board of Commissioners
• Dewan Komisaris akan menyampaikan usulan mengenai                               regarding the remuneration structure, remuneration
  honorarium, gaji bagi serta tantiem Direksi kepada                              policies and the amount of remuneration for the Board of
  Pemegang Saham untuk mendapat persetujuan RUPS.                                 Directors.
                                                                                • The Board of Commissioners will submit proposals
                                                                                  regarding the honorarium, salary and bonus for the Board
                                                                                  of Directors to the Shareholders for GMS approval.



Kriteria Penetapan Remunerasi Direksi                                           Criteria for Determining the Board of Directors
                                                                                Remuneration

Dalam menjalankan tugas dan tanggung jawabnya, Direksi                          In carrying out their duties and responsibilities, the Board of
mendapat sejumlah remunerasi dan fasilitas lainnya.                             Directors receives some remuneration and other facilities.
Kebijakan pemberian remunerasi dan fasilitas lainnya bagi                       The policy for providing remuneration and other facilities for
Direksi mengacu kepada keputusan Pemegang Saham                                 the Board of Directors refers to the Shareholder’s resolution
sebagaimana ditetapkan dalam Rapat Umum Pemegang                                as stipulated in the General Meeting of Shareholders by
Saham dengan memperhatikan hasil kajian yang dilakukan                          taking into account the results of the review conducted by
oleh Perseroan. Kajian tentang struktur dan jumlah                              the Company. The review of the structure and amount of
remunerasi untuk Direksi didasarkan pada:                                       remuneration for the Board of Directors is based on:
• Ketentuan dan Perundang-Undangan yang berlaku;                                • Applicable laws and regulations;
• Ketentuan yang berlaku pada PT Pertamina (Persero)                            • Provision applicable to PT Pertamina (Persero) as the
    selaku Pemegang Saham Pengendali;                                               Controlling Shareholder;
• Kinerja Perseroan;                                                            • Company performance;
• Kewajaran dengan Industri Perasuransian;                                      • Fairness with the Insurance Industry;
• Regulasi yang terkait dengan remunerasi lainnya misalnya                      • Regulations related to other remuneration such as
    Upah Minimum dan Undang-Undang Ketenagakerjaan.                                 Minimum Wages and The Labor Laws.

Pengkajian ulang atas Kebijakan Remunerasi dilakukan                            The review of the Remuneration Policy is done periodically,
secara berkala termasuk kaji ulang dilakukan untuk                              including a review for the remuneration of the Board of
remunerasi Dewan Komisaris, Direksi dan Pegawai.                                Commissioners, Directors and Employees.



Struktur Remunerasi Direksi Tahun 2023                                          The Board of Directors Remuneration in 2023

Hasil keputusan RUPS Tahunan tanggal 17 Mei 2022                                The Resolution of the Annual GMS on 17 May 2022 has
telah menyetujui untuk memberikan kuasa dan wewenang                            approved to grant power and authority to the Company’s
kepada Dewan Komisaris Perseroan dengan terlebih dahulu                         Board of Commissioners with prior approval from the
mendapat persetujuan Pemegang Saham Perseroan yaitu PT                          Company’s Shareholders, namely PT Pertamina (Persero)
Pertamina (Persero) sebagai Pemegang Saham Pengendali                           as the Controlling Shareholder to determine Bonus for
untuk menetapkan Tantiem bagi anggota Direksi dan                               members of the Board of Directors and The Company’s
Dewan Komisaris Perseroan untuk tahun buku 2022; serta                          Board of Commissioners for the 2022 fiscal year; and to
untuk menetapkan besarnya gaji/honorarium, tunjangan                            determine the amount of salary/honorarium, allowances and
dan fasilitas bagi anggota Direksi dan Dewan Komisaris                          facilities for members of the Board of Directors and Board of
Perseroan untuk tahun 2023.                                                     Commissioners of the Company for 2023.

Jumlah realisasi remunerasi anggota Direksi pada tahun                          The realization of remuneration for members of the Board of
2023 sebesar Rp38.057.784.084,-.                                                Directors in 2023 is IDR38,057,784,084.


PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023        275
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      1   Kilas Kinerja          2   Laporan Manajemen        3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report              Company Profile            Management Discussion and Analysis




          3.F.
  Dewan Pengawas Syariah
  Sharia Supervisory Board



  Dewan Pengawas Syariah (DPS) merupakan bagian dari                   Sharia Supervisory Board (SSB) is part of the Company’s
  Organ Perusahaan yang mempunyai tugas dan fungsi                     Organ that has duty and supervisory functions over the
  pengawasan terhadap penyelenggaraan kegiatan usaha                   business activities management of the Company by
  Perusahaan agar sesuai dengan Prinsip Syariah, yaitu prinsip         the Sharia Principles, namely Islamic laws principles in
  hukum Islam dalam kegiatan perasuransian berdasarkan                 insurance activities based on a fatwa issued by an institution
  fatwa yang dikeluarkan oleh lembaga yang memiliki                    authorized to determine fatwa in the sharia sector as
  kewenangan dalam penetapan fatwa di bidang syariah                   stipulated in Law No. 40 of 2014 concerning Insurance.
  sebagaimana dimaksud dalam Undang-Undang No. 40 Tahun
  2014 tentang Perasuransian.

  DPS dibentuk berdasarkan Pasal 35 (1) POJK No. 73/                   Sharia Supervisory Board was formed based on Article 35
  POJK.05/2016 tentang Tata Kelola Perusahaan yang Baik                (1) POJK No. 73/POJK.05/2016 concerning Good Corporate
  bagi Perusahaan Perasuransian (“POJK No. 73/2016”) yang              Governance for Insurance Companies (“POJK No. 73/2016”)
  mengatur bahwa Perusahaan Asuransi Syariah, Perusahaan               which regulates that Sharia Insurance Companies, Sharia
  Reasuransi Syariah, dan Perusahaan Asuransi atau                     Reinsurance Companies, and Insurance Companies or
  Perusahaan Reasuransi yang menyelenggarakan sebagian                 Reinsurance Companies that operate part of their business
  usahanya berdasarkan Prinsip Syariah wajib memiliki DPS.             based on Sharia Principles are required to have a Sharia
                                                                       Supervisory Board.


  Pengangkatan dan Masa Jabatan Anggota Dewan Pengawas Syariah
  Appointment and Term of Office of Sharia Supervisory Board Members

  Anggota DPS terdiri dari 1 (satu) orang atau lebih ahli syariah      Sharia Supervisory Board consists of 1 (one) or more
  yang diangkat oleh RUPS atas rekomendasi Dewan Syariah               sharia experts appointed by the GMS based on the
  Nasional (DSN), sebuah badan di bawah Majelis Ulama                  recommendation of the National Sharia Council (DSN), an
  Indonesia (MUI). Masa jabatan DPS adalah 3 (tiga) tahun              agency under the Indonesian Ulema Council (MUI). The term
  setelah penunjukan dalam bentuk akta notaris, namun RUPS             of office of Sharia Supervisory Board is 3 (three) years as of
  memiliki wewenang untuk memberhentikan bila anggota                  the appointment in the form of a notary deed. However, the
  DPS terbukti melanggar ketentuan dalam Anggaran Dasar                GMS has the authority to dismiss Sharia Supervisory Board
  Perusahaan berikut perubahan-perubahannya.                           members if they are proven to have violated the provisions in
                                                                       the Company’s Articles of Association and its amendments.

  Pengangkatan anggota DPS berlaku efektif setelah                     Appointment of Sharia Supervisory Board members takes
  mendapatkan persetujuan dari Otoritas Jasa Keuangan (OJK)            effect upon approval from OJK on the Fit and Proper
  atas Penilaian Kemampuan dan Kepatutan sesuai dengan                 Assessment under Financial Services Authority Regulation
  Peraturan Otoritas Jasa Keuangan No. 27/POJK.03/2016                 No. 27/POJK.03/2016 concerning the Fit and Proper Test
  tentang Penilaian Kemampuan dan Kepatutan Bagi Pihak                 for Main Parties of Financial Services Institutions, and
  Utama Lembaga Jasa Keuangan, serta memenuhi peraturan                compliance with applicable laws and regulations. To enroll
  perundang-undangan yang berlaku. Untuk dapat mengikuti               in the Fit and Proper Assessment process, the Company
  proses Penilaian Kemampuan dan Kepatutan, Perseroan                  applies for approval of Sharia Supervisory Board members to
  mengajukan permohonan untuk memperoleh persetujuan                   the OJK.
  calon anggota DPS kepada OJK.




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    Corporate Governance                     Corporate Social Responsibility                    Audited Report




Susunan Keanggotaan Dewan Pengawas Syariah
Sharia Supervisory Board Membership Composition

Per 31 Desember 2023, komposisi anggota DPS terdiri dari                        As of 31 December 2023, the composition of Sharia
satu orang ketua dan satu orang anggota:                                        Supervisory Board members consists of one chairman and
                                                                                one member:


                                                                                       Tanggal
                                                                                                                                   Jumlah Periode
                                                                                  Pengangkatan oleh
         Nama                       Jabatan            Dasar Pengangkatan                                    Masa Jabatan             Menjabat
                                                                                         RUPS
         Name                       Position           Basis of Appointment                                  Term of Office       Number of Term of
                                                                                  Appointment date by
                                                                                                                                     Office Period
                                                                                       the GMS
 Dr. H. Muhammad             Ketua DPS                 KEP-31/NB.22/2017               28 April 2023           2023-2026               3 Periode
 Maksum, S.H., M.A.,         Sharia Supervisory        tanggal 24 Juli 2017                                                             3 Terms
 MDC                         Board Chairman            KEP-31/NB.22/2017
                                                       dated 24 July 2017
 dr. Siti Hannah, M.K.M.     Anggota DPS               KEP-11/PD.02/2024               28 April 2023           2023-2026               1 Periode
                             Sharia Supervisory        tanggal 17 Januari                                                               1 Term
                             Board Member              2023
                                                       KEP-11/PD.02/2024
                                                       dated 17 January 2023



Profil DPS
Profile of Sharia Supervisory Board Members




                                                     Dr. H. Muhammad Maksum, S.H., M.A., MDC
                                                     Ketua DPS | SSB Chairman

                                                     Periode Jabatan | Period
                                                     2023-2026
                                                     Kewarganegaraan            Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir      Temanggung, 15 Juli 1978
                                                     Birthdate/Place            Temanggung, 15 July 1978
                                                     Usia                       45 tahun
                                                     Age                        45 years old
                                                     Domisili                   Tangerang Selatan, Banten
                                                     Domicile                   South Tangerang, Banten


 Riwayat Penunjukan                 •    Akta Notaris Vivi Novita Rido, S.H., M.Kn.,            •   Notarial Deed of Vivi Novita Rido, S.H., M.Kn.,
 Appointment History                     No. 08 tanggal 09 November 2017.                           No. 08 dated 09 November 2017.
                                    •    Akta Notaris Jose Dima Satria, S.H., M.Kn.,            •   Notarial Deed of Jose Dima Satria, S.H., M.Kn.,
                                         No. 97 tanggal 16 Desember 2020.                           No. 97 dated 16 December 2020.
                                    •    Akta Notaris Jose Dima Satria, S.H., M.Kn.,            •   Notarial Deed of Jose Dima Satria, S.H., M.Kn.,
                                         No. 124 tanggal 28 April 2023.                             No. 124 dated 28 April 2023.




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          Performance Review              Management Report                Company Profile                 Management Discussion and Analysis




      Pendidikan dan Pelatihan        •   Sertifikat Kompetensi Pengawas Syariah dan Ahli      •   Sharia Supervisory and Master of Capital Market
      Education and Training              Pasar Modal dari BNSP melalui LSP MUI (2022).            Competency Certificate from BNSP through LSP
                                      •   Master Hukum Ekonomi di University of Perpignan          MUI (2022).
                                          Via Domitia, Perancis (2015-2016).                   •   Master of Economic Law at the University of
                                      •   Doktor Hukum Ekonomi Islam di Universitas Islam          Perpignan Via Domitia, France (2015-2016).
                                          Negeri Syarif Hidayatullah (2013).                   •   Doctor of Islamic Economic Law at Syarif
                                      •   Magister Ekonomi Islam di Universitas Islam Negeri       Hidayatullah State Islamic University (2013).
                                          Syarif Hidayatullah (2007).                          •   Masters of Islamic Economy at Syarif Hidayatullah
                                      •   Sarjana Syariah Fakultas Syariah di IAIN (2001).         State Islamic University (2007).
                                                                                               •   Bachelor's degree of Sharia Faculty at IAIN (2001).
      Riwayat Pekerjaan dan Rangkap   •   Guru Besar dan Dekan Fakultas Syariah dan            •   Professor and Dean in Faculty of Sharia and Law at
      Jabatan                             Hukum di UIN Syarif Hidayatullah (2023-sekarang).        UIN Syarif Hidayatullah (2023-present).
      Work History and Concurrent     •   Dewan Pengawas Syariah di Bank DKI UUS               •   Sharia Supervisory Board in Bank DKI Sharia Unit
      Position                            (2021-sekarang).                                         (2021-present).
                                      •   Dewan Pengawas Syariah di Bank Jago                  •   Sharia Supervisory Board in Bank Jago
                                          (2021-sekarang).                                         (2021-present).
                                      •   Sekretaris Badan Pengurus Harian DSN-MUI Bidang      •   Secretary of the DSN-MUI Daily Management Board
                                          Perbankan (2020-2025).                                   for Banking (2020-2025)
                                      •   Dewan Pengawas Syariah di PT Allianz Global          •   Sharia Supervisory Board in PT Allianz Global
                                          Investment (2018-sekarang).                              Investment (2018-present).
                                      •   Dewan Pengawas Syariah di PT Asuransi Tugu           •   Sharia Supervisory Board in PT Asuransi Tugu
                                          Pratama Indonesia Tbk (2017-sekarang).                   Pratama Indonesia Tbk (2017-present).
                                      •   Asesor Kompetensi Pengawas Syariah Terlisensi        •   Competency Assessor for Sharia Supervisory
                                          dari Badan Nasional Standarisasi Profesi/BNSP            License of BNSP (2017-present)
                                          (2017-sekarang).
      Hubungan Afiliasi               Tidak memiliki hubungan afiliasi dengan anggota Dewan    Has no affiliation with members of the Board of
      Affiliation Relations           Komisaris, Direksi dan Pemegang Saham Utama/             Commissioners, Board of Directors and Majority/
                                      Pengendali.                                              Controlling Shareholders.
      Kepemilikan Saham TUGU          Tidak memiliki saham TUGU.                               Does not own shares in TUGU.
      TUGU Share Ownership




                                                      dr. Siti Hannah, M.K.M.
                                                      Anggota DPS | SSB member
                                                      Kewarganegaraan           Indonesia
                                                      Citizenship
                                                      Tempat, Tanggal Lahir     Jakarta, 04 Agustus 1980
                                                      Birthdate/Place           Jakarta, 04 August 1980
                                                      Usia                      43 tahun
                                                      Age                       43 years old
                                                      Domisili                  DKI Jakarta
                                                      Domicile


      Riwayat Penunjukan              Akta Notaris Jose Dima Satria, S.H., Mkn. No. 1 tanggal 1 Februari 2024.
      Appointment History             Notarial Deed of Jose Dima Satria, S.H., Mkn. No. 1 dated 1 February 2024.
      Pendidikan dan Pelatihan        •   Pelatihan Calon Asesor Sertifikasi Rumah Sakit       •   Training for Sharia Hospital Certification Assessor
      Education and Training              Syariah dari DSN-MUI Institute (2022).                   Candidates from the DSN-MUI Institute (2022).
                                      •   Pelatihan Dasar Pengawas Syariah Bidang Asuransi     •   Basic Training for Sharia Supervisors in the Sharia
                                          Syariah dari DSN-MUI Institute (2022).                   Insurance Sector from the DSN-MUI Institute
                                      •   Magister Kesehatan Masyarakat di Universitas             (2022).
                                          Indonesia (2010).                                    •   Master of Public Health at the University of
                                      •   Program Studi Profesi Dokter di Universitas              Indonesia (2010).
                                          Tarumanegara (2005).                                 •   Medical Professional Study Program at
                                      •   Sarjana Kedokteran di Universitas Tarumanegara           Tarumanegara University (2005).
                                          (2003).                                              •   Bachelor of Medicine at Tarumanegara University
                                                                                                   (2003).




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     Corporate Governance                    Corporate Social Responsibility                     Audited Report




 Riwayat Pekerjaan dan Rangkap    •      Anggota Dewan Pengawas Syariah                          •   Member of the Sharia Supervisory Board of
 Jabatan                                 PT. Multiniaga Intermedia Proteksi/MIP (2022).              PT. Multiniaga Intermedia Proteksi/MIP (2022).
 Work History and Concurrent      •      Bidang Pelayanan Kesehatan, Dinas Kesehatan             •   Health Services Sector, DKI Jakarta Provincial
 Position                                Provinsi DKI Jakarta (2017-2019).                           Health Service (2017-2019).
                                  •      Dokter Puskesmas Larangan Utara, Dinas                  •   North Larangan Community Health Center doctor,
                                         Kesehatan Kota Tangerang (2014-2016).                       Tangerang City Health Service (2014-2016).
                                  •      Supervisor Kader Kesehatan Kerja sama PDUI dan          •   Supervisor of PDUI and BTPN Cooperation Health
                                         BTPN (2013-2014).                                           Cadres (2013-2014).
                                  •      Dokter Dialog Interaktif Kerja sama PDUI dan BTPN       •   Interactive Dialogue Doctor, a Collaboration
                                         (2011-2014).                                                between PDUI and BTPN (2011-2014).
                                  •      Dokter Layanan Kesehatan Kerja sama PDUI dan            •   PDUI and BTPN Collaboration Health Services
                                         BTPN (2011-2014).                                           Doctor (2011-2014).
                                  •      Dinas Kesehatan Provinsi Banten (2010-2014).            •   Banten Provincial Health Service (2010-2014).
                                  •      Dokter PTT Daerah Provinsi Banten (2007-2010).          •   Regional Non-Permanent Doctor in Banten Province
                                  •      Ketua Dewan Pengawas Poltekkes Kemenkes                     (2007-2010).
                                         Jakarta III (2000-sekarang).                            •   Chairman of the Supervisory Board of the Ministry
                                                                                                     of Health Jakarta III Polytechnic (2000-present).
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan          Has no affiliation with members of the Board of
 Affiliation Relations            Komisaris, Direksi dan Pemegang Saham Utama/                   Commissioners, Board of Directors and Majority/
                                  Pengendali.                                                    Controlling Shareholders.
 Kepemilikan Saham TUGU           Tidak Memiliki Saham TUGU.                                     Does not own shares in TUGU.
 TUGU Share Ownership




Tugas Pokok Dewan Pengawas Syariah
Main Duties of Sharia Supervisory Board

DPS memiliki tugas pokok untuk melaksanakan tugas                               Sharia Supervisory Board has the main duty to carry out
pengawasan dan pemberian nasihat dan saran kepada                               supervisory duties and provide advice and suggestions to the
Direksi agar kegiatan usaha Perseroan sesuai dengan                             Board of Directors thus, the Company’s business activities
Prinsip Syariah. Pelaksanaan tugas pengawasan dan                               are comply to the Sharia Principles. The supervisory and
pemberian nasihat dan saran tersebut dilakukan terhadap:                        advisory duties are performed on:
1. Kegiatan dalam pengelolaan kekayaan dan kewajiban                            1. Activities in the management of assets and liabilities,
    baik dana tabbaru’, dana tanahud, dana perusahaan,                              both tabbaru’ and tanahud funds, company funds, and
    maupun dana investasi peserta;                                                  participant investment funds;
2. Produk asuransi syariah yang dipasarkan; dan                                 2. Marketed sharia insurance products; and
3. Praktik pemasaran produk asuransi syariah.                                   3. Sharia insurance product marketing practices.

Pemberian Nasihat, Saran serta Pengawasan                                       Provision of Advice, Suggestion, and Supervision on
Pemenuhan Prinsip Syariah di Pasar Modal                                        Fulfillment of Sharia Principles in Capital Market
Tugas pengawasan serta pemberian nasihat dan saran                              Advisory and supervisory duties are carried out by Sharia
oleh DPS dilakukan melalui Rapat yang diselenggarakan                           Supervisory Board through Meetings with details as follows:
sebagai berikut:
1. Dalam Rapat Rutin, yang diselenggarakan setiap bulan                         1. In Regular Meeting held every month or minimum
   atau minimum 6 (enam) kali dalam satu tahun (sesuai                             6 (six) times in one year (according to POJK
   POJK No. 73/POJK.05/2016 tanggal 28 Desember                                    No. 73/POJK.05/2016 dated 28 December 2016),
   2016), Tim Syariah akan memberikan informasi terkini                            Sharia Team provides the latest information to Sharia
   kepada DPS mengenai:                                                            Supervisory Board regarding:
   • Pencapaian bisnis dan review atas rencana kerja;                              • Business achievement and review of work plan;
   • Tindak lanjut atas notulen Rapat dari                                         • Follow up on minutes of the Meeting from the
       periode sebelumnya;                                                             previous period;
   • Membahas potensi-potensi bisnis yang ditemui dan                              • Discuss existing business potential and relevant
       membahas jika ada hal-hal yang perlu didiskusikan                               matters that need to be discussed and require
       dan dimintakan pendapat dari sudut pandang Syariah.                             opinions from Sharia point of view.
2. Dalam Rapat ad hoc/sewaktu-waktu jika ada keperluan                          2. In an ad hoc meeting/at any time if there is an urgent
   mendesak untuk meminta pandangan dari DPS.                                      need to ask for opinions from Sharia Supervisory Board.




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          Performance Review                Management Report                   Company Profile             Management Discussion and Analysis




  Rapat dan Tingkat Kehadiran Dewan Pengawas Syariah
  Sharia Supervisory Board Meeting Frequency

  Ketentuan Rapat DPS sebagaimana diatur dalam POJK                                The provisions of Sharia Supervisory Board Meetings as
  No. 73/POJK.05/2016 (POJK No. 73/2016) tentang Tata                              stipulated in the POJK No. 73/2016.05/2016 (POJK No.
  Kelola Perusahaan yang Baik bagi Perusahaan Perasuransian                        73/2016) concerning Good Corporate Governance for
  adalah sebagai berikut:                                                          Insurance Companies are as follow:
  1. DPS wajib menyelenggarakan Rapat DPS secara berkala                           1. Sharia Supervisory Board is obliged to hold regular SSB
     paling sedikit 6 (enam) kali dalam satu tahun;                                    Meetings at least 6 (six) times in a year;
  2. Hasil Rapat DPS sebagaimana dimaksud pada ayat                                2. The results of Sharia Supervisory Board Meeting as
     (1) wajib dituangkan dalam risalah rapat DPS dan                                  referred to in paragraph (1) must be recorded in the
     didokumentasikan dengan baik;                                                     minutes of Sharia Supervisory Board meeting and
  3. Perbedaan pendapat (dissenting opinions) yang terjadi                             properly documented;
     dalam keputusan Rapat DPS wajib dicantumkan secara                            3. Dissenting opinions expressed in the Sharia Supervisory
     jelas dalam risalah rapat DPS disertai alasan perbedaan                           Board Meeting resolutions must be clearly stated in the
     pendapat (dissenting opinions) tersebut;                                          minutes of the Sharia Supervisory Board meeting along
  4. Anggota DPS yang hadir maupun yang tidak hadir dalam                              with the reasons for the dissenting opinions;
     Rapat DPS berhak menerima salinan risalah Rapat DPS.                          4. Members of Sharia Supervisory Board who are present
                                                                                       or absent at the Meeting are entitled to receive a copy of
                                                                                       the minutes of the Meeting.

  Pada tahun 2023, DPS melaksanakan rapat internal                                 In 2023, Sharia Supervisory Board held 9 (nine) internal
  sebanyak 9 (sembilan) kali yang secara keseluruhan                               meetings, which discussed regular Sharia Supervisory
  membahas terkait rapat rutin DPS, penggantian DPS, update                        Board Meetings, Sharia Supervisory Board replacement,
  laporan keuangan, dan update rencana spin-off. Jumlah                            financial report update, and update on spin-off plan. The
  Rapat DPS tersebut telah memenuhi ketentuan POJK No.                             total of Sharia Supervisory Board Meetings has complied
  73/2016, dengan jumlah rapat dan kehadiran dalam Rapat                           with the provisions of POJK No. 73/2016, with the number
  DPS sebagaimana tabel berikut:                                                   of meetings and attendance at the Meetings as in the
                                                                                   following table:


                                                                                                                           Tidak Hadir dengan Surat
                                                                                                    Kehadiran dalam
                           Nama                         Jumlah Rapat           Jumlah Kehadiran                                      Kuasa
                                                                                                            %
                           Name                         Total Meetings          Total Attendance                              Absence with Power of
                                                                                                     Attendance in %
                                                                                                                                    Attorney
       Dr. H. Muhammad Maksum, S.H., M.A., MDC                  9                      9                   100%                         -
       dr. Siti Hannah, M.K.M. 1)                               4                      4                   100%                         -
  1)
       pengangkatan melalui RUPST Perseroan yang diselenggarakan pada tanggal 28 April 2023.
  1)
       Appointment through the Company's AGMS held on 28 April 2023.




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              Komite dan Fungsi di Bawah Dewan Komisaris
    4.        Committees Under The Board of Commissioners




    4.A.
Komite Audit
Audit Committee


Dalam rangka mendukung pelaksanaan tugas Dewan                                  To support the implementation of the duties of the Board
Komisaris, Komite Audit menjalankan tugas dan fungsi                            of Commissioners, the Audit Committee carries out duties
pengawasan atas hal-hal yang berhubungan dengan                                 and supervisory functions on matters relating to financial
informasi keuangan, sistem pengendalian internal, serta                         information, internal control systems, as well as the
efektivitas pemeriksaan oleh auditor internal dan eksternal                     effectiveness of audits by internal auditors and external
dengan melakukan pemantauan dan evaluasi atas                                   auditors by monitoring and evaluating the planning and
perencanaan dan pelaksanaan audit dalam rangka menilai                          implementation of audit to assess the adequacy of internal
kecukupan pengendalian internal termasuk proses pelaporan                       control, including the financial reporting process. The
keuangan. Pembentukan Komite Audit Tugu Insurance                               establishment of Tugu Insurance’s Audit Committee is guided
berpedoman kepada Peraturan Otoritas Jasa Keuangan No.                          by the Financial Services Authority Regulation No. 55/
55/POJK.04/2015 tentang Pembentukan dan Pedoman                                 POJK.04/2015 regarding the Establishment and Guidelines
Pelaksanaan Kerja Komite Audit, dan Peraturan Otoritas Jasa                     for the Work Implementation of the Audit Committee
Keuangan No. 73/POJK.05/2016 tentang Penerapan Tata                             and the Financial Services Authority Regulation No. 73/
Kelola yang Baik bagi Perusahaan Perasuransian.                                 POJK.05/2016 regarding the Implementation of Good
                                                                                Corporate Governance for Insurance Companies.

Piagam Komite Audit                                                             Audit Committee Charter

Piagam Komite Audit adalah tata kerja Komite Audit dalam                        The Audit Committee Charter is the work procedure of the
pelaksanaan fungsinya untuk membantu tugas pengawasan                           Audit Committee in performing its functions to assist the
Dewan Komisaris. Dengan adanya piagam tersebut                                  supervisory duties of the Board of Commissioners. With this
diharapkan tugas dan kewenangan Komite Audit dapat                              charter, it is expected that the duties and authority of the
berjalan secara profesional, efisien, efektif, independen,                      Audit Committee can be carried out professionally, efficiently,
serta bebas dari intervensi.                                                    effectively, independently, and free from intervention.

Piagam Komite Audit disusun berdasarkan peraturan                               The Audit Committee Charter is one of Tugu Insurance’s
perundang-undangan yang berlaku, dan sebagai salah satu                         GCG Soft Structure documents and is arranged based
soft structure tata kelola Tugu Insurance. Piagam Komite                        on prevailing laws and regulations. The Charter was first
Audit pertama kali disahkan oleh Dewan Komisaris pada                           approved by the Board of Commissioners on 7 May 2014
7 Mei 2014, serta dikaji ulang dan dimutakhirkan secara                         and is reviewed and updated periodically, with the latest
periodik, dengan pemutakhiran terakhir telah disahkan oleh                      update has been approved by the Board of Commissioners
Dewan Komisaris pada 12 November 2021. Dalam Piagam                             on 12 November 2021. The Audit Committee Charter
Komite Audit Tugu Insurance diatur tentang pembentukan,                         regulates the formation, organization and term of office,
organisasi dan masa kerja, tugas, tanggung jawab dan                            duties, responsibilities and authorities, work procedures,
wewenang, tata cara dan prosedur kerja, mekanisme                               reporting mechanisms, and handling of complaints.
pelaporan serta aspek penanganan pengaduan.




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          Performance Review            Management Report              Company Profile                Management Discussion and Analysis




  Susunan, Dasar Pengangkatan, dan Masa Jabatan Komite Audit
  Audit Committee Composition, Appointment and Term of Office

  Anggota Komite Audit diangkat dan diberhentikan oleh                    The Audit Committee’s members are appointed and
  Dewan Komisaris. Masa tugas anggota Komite Audit tidak                  dismissed by the Board of Commissioners' term of office.
  boleh lebih lama dari masa jabatan Dewan Komisaris dan                  The Audit Committee members’ term of office may not be
  dapat dipilih kembali hanya untuk satu periode berikutnya               longer than the Board of Commissioners' term of office
  sebagaimana diatur dalam Peraturan Otoritas Jasa                        and can be reappointed only for one subsequent period as
  Keuangan dengan tidak mengurangi hak Komisaris untuk                    stipulated in the Financial Services Authority Regulations
  memberhentikannya sewaktu-waktu.                                        without prejudice to the right of the Board of Commissioners
                                                                          to terminate them at any time.

  Komposisi Komite Audit terdiri dari seorang Ketua dan                   The Audit Committee is composed of a chairman and at
  sedikitnya 2 (dua) orang anggota. Ketua Komite Audit adalah             least 2 (two) members. The Audit Committee Chairman
  Komisaris Independen, sedangkan anggotanya adalah                       concurrently serves as an Independent Commissioner,
  Komisaris dan/atau pihak luar yang independen. Ketua                    while the members are Commissioners and/or independent
  dan Anggota Komite Audit diangkat oleh Dewan Komisaris                  external parties. The Chairman and Members of the Audit
  berdasarkan persyaratan kompetensi dan ketentuan                        Committee are appointed by the Board of Commissioners
  kebutuhan Perseroan dengan mengacu pada peraturan                       based on the competency requirements and the Company’s
  perundang-undangan yang berlaku.                                        needs with reference to the prevailing laws and regulations.

  Pada tahun 2023, susunan anggota Komite Audit telah                     In 2023, the composition of the Audit Committee
  disahkan sebagaimana Surat Keputusan Dewan Komisaris                    members has been ratified in accordance with the Board
  No. 03/SKK-ATPI/IX/2021 dan disampaikan kepada Otoritas                 of Commissioners Decree No. 03/SKK-ATPI/IX/2021 and
  Jasa Keuangan dengan Surat No. 075/S/CSD-ATPI/IX/2021                   submitted to the Financial Services Authority with Letter No.
  tanggal 3 September 2021.                                               075/S/CSD-ATPI/IX/2021 dated 3 September 2021.

  Susunan keanggotaan Komite Audit Tugu Insurance per 31                  The membership composition of the Tugu Insurance Audit
  Desember 2023 adalah sebagai berikut:                                   Committee as of 31 December 2023 is as follows:


                 Nama                Jabatan                     Dasar Pengangkatan                            Periode Masa Jabatan
                 Name                Position                    Basis of Appointment                                  Period
      Poerwo Tjahjono            Ketua              Surat Keputusan Dewan Komisaris No. 05/             1 Januari 2021 s.d. 31 Desember 2023.
                                 Chairman           SKK-ATPI/XII/2020 tanggal 30 Desember 2020          1 January 2021 until 31 December 2023.
                                                    tentang Perubahan Susunan Anggota Komite Audit
                                                    PT Asuransi Tugu Pratama Indonesia Tbk.
                                                    The Board of Commissioners’ Decree
                                                    No. 05/SKK-ATPI/XII/2020 dated 30 December
                                                    2020 concerning the Changes in Composition of
                                                    the Audit Committee Members of PT Asuransi Tugu
                                                    Pratama Indonesia Tbk.
      Dini Rosdini               Anggota            Surat Keputusan Dewan Komisaris No. 05/             1 Januari 2021 s.d. 31 Desember 2023.
                                 Member             SKK-ATPI/XII/2020 tanggal 30 Desember 2020          1 January 2021 until 31 December 2023.
      Eni Pratiwi Herlinawati    Anggota            tentang Perubahan Susunan Anggota Komite Audit
                                 Member             PT Asuransi Tugu Pratama Indonesia Tbk.
                                                    The Board of Commissioners’ Decree
                                                    No. 05/SKK-ATPI/XII/2020 dated 30 December
                                                    2020 concerning the Changes in Composition of
                                                    the Audit Committee Members of PT Asuransi Tugu
                                                    Pratama Indonesia Tbk.
      Saleh Basir                Anggota           Surat Keputusan Dewan Komisaris No. 03/              1 September 2021 s.d. 31 Desember
                                 Member            SKK-ATPI/IX/2021 tanggal 1 September 2021            2023.
                                                   tentang Perubahan Susunan Anggota Komite Audit       1 September 2021 until 31 December
                                                   PT Asuransi Tugu Pratama Indonesia Tbk.              2023.
                                                   The Board of Commissioners’ Decree
                                                   No. 03/SKK-ATPI/IX/2021 dated 1 September
                                                   2021 concerning the Changes in Composition of
                                                   the Audit Committee Members of PT Asuransi Tugu
                                                   Pratama Indonesia Tbk.



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      Corporate Governance                   Corporate Social Responsibility                         Audited Report




Profil Komite Audit
Audit Committee Profile



                  Nama                                       Jabatan
 No
                  Names                                      Position
 1      Poerwo Tjahjono           Ketua Komite Audit                                                Profil lengkap Bapak Poerwo Tjahjono dapat dilihat
                                  Audit Committee Chairperson                                       pada profile Dewan Komisaris pada Laporan Tahunan
                                                                                                    ini.
                                                                                                    The profile of Mr. Poerwo Tjahjono can be found in the
                                                                                                    Board of Commissioners profile in this Annual Report.




                                                      Dini Rosdini
                                                      Anggota Komite Audit | Audit Committee Member

                                                      Periode Jabatan | Period
                                                      1 Januari 2021-31 Desember 2023 | 1 January 2021-31 December 2023
                                                      Kewarganegaraan           Indonesia
                                                      Citizenship
                                                      Tempat, Tanggal Lahir     Jakarta, 13 April 1977
                                                      Birthdate/Place
                                                      Usia                      46 tahun
                                                      Age                       46 years old
                                                      Domisili                  Tangerang Selatan, Banten
                                                      Domicile                  South Tangerang, Banten


 Pendidikan dan Sertifikasi       •      Doktor Ilmu Akuntansi di Universitas Indonesia             •   Doctoral degree in Accounting, University of
 Education and Certification             (2009-2015).                                                   Indonesia (2009-2015).
                                  •      Mempunyai Sertifikasi Certified Enterprise Risk            •   Certified with Certified Enterprise Risk Governance
                                         Governance (CERG), sertifikasi Qualified Risk                  (CERG) Certification, Qualified Risk Governance
                                         Governance Professional (QRGP) sertifikasi                     Professional (QRGP) certification, Chartered
                                         Chartered Accountant (CA), sertifikasi Akuntansi               Accountant (CA) certification, Sharia Accounting
                                         Syariah (SAS), Certification in Audit Committee                (SAS) certification, Certification in Audit Committee
                                         Practices (CACP), Certified Sustainability Reporting           Practices (CACP), Certified Sustainability Reporting
                                         Specialist (CSRS), dan Certified Sustainability                Specialist (CSRS), and Certified Sustainability
                                         Reporting Assurer (CSRA).                                      Reporting Assurer (CSRA).
 Riwayat Pekerjaan                •      Anggota Komite Pemantau Risiko Tugu Insurance              •   Member of Tugu Insurance Risk Monitoring
 Work Experience                         (2016-2020).                                                   Committee (2016-2020).
                                  •      Anggota Komite Audit Tugu Insurance (2014-2016).           •   Member of Tugu Insurance Audit Committee (2014-
                                  •      Auditor di KAP Sugiono Poulus dan Rekan (2000).                2016).
                                                                                                    •   Auditor at KAP Sugiono Poulus and Partners
                                                                                                        (2000).
 Rangkap Jabatan                  •      Anggota Komite Audit PT Mitrabara Adiperdana Tbk           •   Member of the Audit Committee of PT Mitrabara
 Concurrent Position                     (2018-sekarang).                                               Adiperdana Tbk (2018-present).
                                  •      Dosen di Fakultas Ekonomi dan Bisnis Universitas           •   Lecturer at the Faculty of Economics and Business,
                                         Padjadjaran (2001-sekarang).                                   Padjadjaran University (2001-present).
                                  •      Peneliti dan konsultan pada Pusat Pengembangan             •   Researcher and consultant at the Center for
                                         Akuntansi Universitas Padjadjaran hingga                       Accounting Development of Padjadjaran University
                                         saat ini yang berfokus pada penyusunan                         that focuses on the preparation of accounting
                                         pedoman akuntansi perusahaan-perusahaan                        guidelines for companies based on the Statement
                                         berdasarkan Pernyataan Standar Akuntansi                       of Financial Accounting Standards (PSAK), which
                                         Keuangan (PSAK) yang telah konvergensi dengan                  has converged with the International Financial
                                         International Financial Reporting Standard (IFRS)              Reporting Standard (IFRS)
                                         (2001-sekarang).                                               (2001-present).
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan             Has no affiliation with members of the Board of
 Affiliation Relations            Komisaris, Direksi dan Pemegang Saham Utama/                      Commissioners, Board of Directors and Majority/
                                  Pengendali.                                                       Controlling Shareholders.




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          Performance Review            Management Report                Company Profile                 Management Discussion and Analysis




                                                    Eni Pratiwi Herlinawati
                                                    Anggota Komite Audit | Audit Committee Member

                                                    Periode Jabatan | Period
                                                    1 Januari 2021-31 Desember 2023 | 1 January 2021-31 December 2023
                                                    Kewarganegaraan           Indonesia
                                                    Citizenship
                                                    Tempat, Tanggal Lahir     Gunung Kidul, 5 Desember 1964
                                                    Birthdate/Place           Gunung Kidul, 5 December 1964
                                                    Usia                      59 tahun
                                                    Age                       59 years old
                                                    Domisili                  Sukmajaya, Depok
                                                    Domicile


      Pendidikan dan Sertifikasi    Sarjana Ekonomi Akuntansi di Universitas Gadjah          Bachelor of Accounting from Gadjah Mada University,
      Education and Certification   Mada, Yogyakarta (1990).                                 Yogyakarta (1990).
      Riwayat Pekerjaan             •   VP Portfolio Co. Business Dev. & Portfolio PT        •    VP of Portfolio Co. Business Dev. & Portfolio of
      Work Experience                   Pertamina (Persero) (Agustus 2020-Desember                PT Pertamina (Persero) (August 2020-December
                                        2020).                                                    2020).
                                    •   VP Subsidiary & JV Management PT Pertamina           •    VP of Subsidiary & JV Management of PT Pertamina
                                        (Persero) (Juni 2020-Agustus 2020).                       (Persero) (June 2020-August 2020).
                                    •   Manager Governance & Compliance PT Pertamina         •    Governance & Compliance Manager of PT
                                        (Persero) (2018-2020).                                    Pertamina (Persero) (2018-2020).
                                    •   Manager SJV Business Strategy PT Pertamina           •    SJV Business Strategy Manager of PT Pertamina
                                        (Persero) (2017-2018).                                    (Persero) (2017-2018).
                                    •   Direktur Keuangan PT Pertamedika (2015-2017).        •    Finance Director of PT Pertamedika (2015-2017).
                                    •   Bekerja di Pertamina (Persero) sejak 29 September    •    Worked at Pertamina (Persero) since 29 September
                                        1992-Desember 2020.                                       1992-December 2020.
      Rangkap Jabatan               Tidak memiliki rangkap jabatan di Tugu Insurance         Does not have concurrent positions at Tugu Insurance
      Concurrent Position           maupun perusahaan/lembaga lain.                          or other companies/institutions.
      Hubungan Afiliasi             Tidak memiliki hubungan afiliasi dengan anggota Dewan    Has no affiliation with members of the Board of
      Affiliation Relations         Komisaris, Direksi dan Pemegang Saham Utama/             Commissioners, Board of Directors and Majority/
                                    Pengendali.                                              Controlling Shareholders.




                                                    Saleh Basir
                                                    Anggota Komite Audit | Audit Committee Member

                                                    Periode Jabatan | Period
                                                    1 September 2021-31 Desember 2023 | 1 September 2021-31 December 2023
                                                    Kewarganegaraan           Indonesia
                                                    Citizenship
                                                    Tempat, Tanggal Lahir     Sukoharjo, 27 Oktober 1972
                                                    Birthdate/Place           Sukoharjo, 27 October 1972
                                                    Usia                      51 tahun
                                                    Age                       51 years old
                                                    Domisili                  Depok, Jawa Barat
                                                    Domicile                  Depok, East Java




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     Corporate Governance                    Corporate Social Responsibility                    Audited Report




 Pendidikan dan Sertifikasi       •      Magister Hukum Bisnis di Universitas Indonesia.        •   Master of Business Law from the University of
 Education and Certification      •      Sarjana Ekonomi di Universitas Indonesia.                  Indonesia.
                                                                                                •   Bachelor of Economics from the University of
                                                                                                    Indonesia.
 Riwayat Pekerjaan                •      Sekretaris Dewan Komisaris di BPJS Kesehatan           •   Secretary to the Board of Commissioners at BPJS
 Work Experience                         (2014-2016).                                               Kesehatan (2014-2016).
                                  •      Anggota Komite Audit di BPJS Kesehatan (2012-          •   Member of the Audit Committee at BPJS Kesehatan
                                         2014).                                                     (2012-2014).
                                  •      Anggota Komite Audit di PT Pembangunan Jaya            •   Member of the Audit Committee at PT
                                         Ancol Tbk (2004-2012).                                     Pembangunan Jaya Ancol Tbk (2004-2012).
                                  •      Partner di Jmthouse (2004-2010).                       •   Partner at Jmthouse (2004-2010).
                                  •      Analis di Divisi Listing Bursa Efek Jakarta (2001-     •   Analyst at Jakarta Stock Exchange Listing Division
                                         2003).                                                     (2001-2003).
                                  •      Senior Auditor di Kantor Akuntan Publik Drs. Syarief   •   Senior Auditor at Public Accounting Firm of Drs.
                                         Basir, MBA (1998-2001).                                    Syarief Basir, MBA (1998-2001).
 Rangkap Jabatan                  Partner di Granada Law Firm (2011-sekarang).                  Partner at Granada Law Firm (2011-present).
 Concurrent Position
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan         Has no affiliation with members of the Board of
 Affiliation Relations            Komisaris, Direksi dan Pemegang Saham Utama/                  Commissioners, Board of Directors and Majority/
                                  Pengendali.                                                   Controlling Shareholders.




Persyaratan dan Kualifikasi Anggota Komite Audit
Terms and Qualifications of Audit Committee Members

Sebagai perusahaan terbuka, Tugu Insurance tunduk kepada                        As a public company, Tugu Insurance has complied with
POJK No. 55/POJK.04/2015 tanggal 23 Desember 2015                               POJK No. 55/POJK.04/2015 dated 23 December 2015
(“POJK No. 55/2015”) tentang Pembentukan dan Pedoman                            (“POJK No. 55/2015”) concerning the Establishment and
Pelaksanaan Kerja Komite Audit. Sesuai POJK No. 55/2015,                        Work Guidelines of the Audit Committee. Pursuant to POJK
anggota Komite Audit Tugu Insurance telah mematuhi                              No. 55/2015, Tugu Insurance Audit Committee members
ketentuan dan memenuhi persyaratan yang berlaku.                                have complied the applicable rules and requirements.

Anggota Komite Audit Perseroan juga telah memenuhi                              The Company’s Audit Committee members have also fulfilled
kualifikasi pendidikan dan pengalaman kerja yang relevan                        the educational qualifications and relevant work experience
yang harus dimiliki oleh anggota Komite Audit perusahaan                        that must be owned by members of an insurance company’s
perasuransian sebagai berikut:                                                  Audit Committee as follows:


                                 Kriteria                                          Poerwo                             Eni Pratiwi
                                                                                                    Dini Rosdini                        Saleh Basir
                                 Criteria                                          Tjahjono                           Herlinawati
 Memiliki integritas yang tinggi, kemampuan, pengetahuan dan pengalaman
 yang memadai sesuai dengan latar belakang pendidikannya, serta
 mampu berkomunikasi dengan baik termasuk menyediakan waktu untuk
 melaksanakan tugasnya.
 Have high integrity, ability, knowledge, and adequate experience
 in accordance with their educational background, and be able to
 communicate well including providing time to carry out their duties.
 Memiliki pengetahuan yang cukup untuk membaca dan memahami laporan
 keuangan.
 Have sufficient knowledge to read and understand financial statements.
 Memahami peraturan perundang-undangan di bidang perasuransian dan
 peraturan perundang-undangan lain yang relevan.
 Understand the laws and regulations in insurance and other relevant laws
 and regulations.
 Memiliki pengetahuan yang baik mengenai kondisi keuangan Perusahaan
 Asuransi serta senantiasa meningkatkan kompetensi melalui pendidikan
 dan pelatihan.
 Have good knowledge about the financial condition of the Insurance
 Company and always improve competence through education and training.




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          Performance Review                 Management Report                      Company Profile           Management Discussion and Analysis




                                        Kriteria                                            Poerwo                      Eni Pratiwi
                                                                                                        Dini Rosdini                      Saleh Basir
                                        Criteria                                            Tjahjono                    Herlinawati
      Memiliki pengetahuan yang baik mengenai kepentingan pemegang polis,
      tertanggung, peserta, dan/atau pihak yang berhak memperoleh manfaat.
      Have good knowledge about the interests of policyholders, insured,
      participants, and/or parties entitled to benefit.
      Bertindak objektif yaitu melaksanakan dan melaporkan tugas secara
      bebas dan independen.
      Act objectively by carrying out and reporting assignments freely and
      independently.
      Memiliki sikap objektif yang tercermin dalam hasil kerja yang handal,
      profesional, dapat dipercaya dan bebas pengaruh dari pihak luar.
      Have an objective attitude, as reflected in the work that is reliable,
      professional, trustworthy, and free of influence from external parties.
      Tidak mempunyai hubungan afiliasi dengan anggota Direksi, anggota
      Dewan Komisaris, anggota Dewan Pengawas Syariah, dan/atau pemegang
      saham Perseroan.
      Not affiliated with members of the Board of Directors, members of the
      Board of Commissioners, members of the Sharia Supervisory Board, and/
      or the Company’s shareholders.
      Tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, anggota
      Dewan Pengawas Syariah atau menduduki jabatan 1 (satu) tingkat di
      bawah Direksi di Perseroan atau perusahaan lain yang memiliki hubungan
      afiliasi dengan Perseroan dalam kurun waktu 2 (dua) tahun terakhir.
      Have never been a member of the Board of Directors, a member of the
      Board of Commissioners, a member of the Sharia Supervisory Board or
      occupying 1 (one) level below the Board of Directors in the Company or
      another company that has an affiliation with the Company in the last 2
      (two) years.
      Tidak pernah menjadi anggota Direksi, anggota Dewan Komisaris, atau
      anggota Dewan Pengawas Syariah dari suatu:
      • Perusahaan Perasuransian yang dikenakan sanksi pembatasan
          kegiatan usaha dalam jangka waktu 3 (tiga) tahun sebelum
          pengangkatan;
      • Perusahaan di bidang jasa keuangan yang dicabut izin usahanya
          karena melakukan pelanggaran dalam jangka waktu 3 (tiga) tahun
          sebelum pengangkatan;
      • Perusahaan di bidang jasa keuangan atau di bidang non jasa
          keuangan yang dinyatakan pailit dan telah berkekuatan hukum tetap
          dalam jangka waktu 5 (lima) tahun sebelum pengangkatan; dan/atau
      • Perusahaan yang mengalami kerugian yang disebabkan kesalahan
          atau kelalaiannya dalam jangka waktu 5 (lima) tahun sebelum
          pengangkatan.
      Have never been a member of the Board of Directors, a member of the
      Board of Commissioners, or a member of the Sharia Supervisory Board of:
      • Insurance companies that are subject to the sanctions of business
          activities limitation within a period of 3 (three) years prior to the
          appointment;
      • Companies in the field of financial services whose business licenses
          have been revoked due to violations within 3 (three) years prior to
          appointment;
      • Companies in the field of financial services or in the non-financial
          services sector that are declared bankrupt and have permanent legal
          force within a period of 5 (five) years prior to appointment; and/or
      • Companies that have suffered losses due to errors or omissions within
          a period of 5 (five) years prior to appointment.
      Berdomisili di Indonesia.
      Domiciled in Indonesia.




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    Corporate Governance                      Corporate Social Responsibility                   Audited Report




Independensi Komite Audit
Independence of Audit Committee

Untuk menjaga independensinya, Komite Audit diketuai oleh                        To maintain its independence, the Audit Committee is
Komisaris Independen dengan anggota yang tidak memiliki                          chaired by an Independent Commissioner and members who
benturan kepentingan yang mempengaruhi kemandiriannya                            have no conflict of interest that affects their independence
dalam menjalankan tugas, tidak memiliki hubungan                                 in carrying out their duties, not a blood related with fellow
darah dengan sesama anggota Komite Audit, Direksi, dan                           members of the Audit Committee, the Board of Directors,
Pemegang Saham hingga derajat ketiga, baik secara vertikal                       and Shareholders up to the third degree of consanguinity,
maupun horizontal atau melalui ikatan perkawinan, serta                          both vertically and horizontally or affinity (relationship by
tidak memiliki hubungan keuangan dengan semua pihak                              marriage), and does not have financial relationship with
tersebut. Sama halnya, anggota lainnya dari Komite Audit                         any of these parties. Likewise, other members of the Audit
adalah pihak lain di luar Perusahaan yang tidak memiliki                         Committee are external parties outside of the Company
hubungan keuangan, kepengurusan, kepemilikan saham                               with no financial, management, shareholder, and/or family
dan/atau hubungan keluarga dengan Dewan Komisaris,                               relations with the Board of Commissioners, Directors and/or
Direksi dan/atau pemegang saham pengendali atau                                  controlling Shareholders, or other relations that can impact
hubungan lain yang dapat mempengaruhi kemampuannya                               its ability to act independently. The independence of Audit
untuk bertindak independen.                                                      Committee is described in the table below:

Independensi anggota Komite Audit dapat dilihat dari tabel                       The independence of Audit Committee members is described
berikut ini:                                                                     in the following table:

Tabel Hubungan Kekeluargaan dan Hubungan Keuangan Komite Audit
Table of the Audit Committee’s Familial and Financial Relationships
                                             Hubungan Keluarga                                            Hubungan Keuangan
                                             Familial Relationship                                        Financial Relationship
    Keterangan
                          Dewan                                                              Dewan
     Description                                                      Pemegang                                                      Pemegang
                         Komisaris                Direksi                                   Komisaris           Direksi
                                                                       Saham                                                         Saham
                          Board of            Board of Directors                             Board of       Board of Directors
                                                                     Shareholders                                                  Shareholders
                       Commissioners                                                      Commissioners
 Poerwo Tjahjono

 Dini Rosdini

 Eni Pratiwi
 Herlinawati
 Saleh Basir




Tabel Independensi Komite Audit Tugu Insurance
Independence of Tugu Insurance Audit Committee
                             Aspek Independensi                                     Poerwo                         Eni Pratiwi
                                                                                                  Dini Rosdini                      Saleh Basir
                             Independence Aspect                                    Tjahjono                       Herlinawati
 Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor Konsultan
 Hukum, Kantor Jasa Penilai Publik atau pihak lain yang memberi jasa
 asuransi, jasa non-asuransi, jasa penilai dan/atau jasa konsultasi lain
 kepada Emiten atau Perusahaan Publik yang bersangkutan dalam waktu 6
 (enam) bulan terakhir.
 Not a member of a Public Accounting Firm, Legal Consulting Firm, Public
 Appraisal Service Office or other parties that provide insurance, non-
 insurance, appraisal services and/or other consulting services to the
 Issuer or Public Company concerned within 6 (six) time last month.




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          Performance Review                 Management Report                   Company Profile             Management Discussion and Analysis




                                Aspek Independensi                                       Poerwo                        Eni Pratiwi
                                                                                                      Dini Rosdini                       Saleh Basir
                                Independence Aspect                                      Tjahjono                      Herlinawati
      Bukan merupakan orang yang bekerja atau mempunyai wewenang dan
      tanggung jawab untuk merencanakan, memimpin, mengendalikan, atau
      mengawasi kegiatan Emiten atau Perusahaan Publik tersebut dalam waktu
      6 (enam) bulan terakhir, kecuali Komisaris Independen.
      Not a person who works or has the authority and responsibility to plan,
      lead, control, or supervise the activities of the Issuer or Public Company
      within the last 6 (six) months, except for an Independent Commissioner.
      Tidak mempunyai saham langsung maupun tidak langsung pada Emiten
      atau Perusahaan Publik.
      Does not have direct or indirect shares in the Issuer or Public Company.
      Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris,
      anggota Direksi, atau Pemegang Saham Utama Emiten atau Perusahaan
      Publik.
      Does not have affiliation with members of the Board of Commissioners,
      members of the Board of Directors, or the Majority Shareholders of the
      Issuer or Public Company.
      Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung
      yang berkaitan dengan kegiatan usaha Emiten atau Perusahaan Publik.
      Does not have business relationship, either directly or indirectly, with the
      business activities of the Issuer or Public Company.
      Tidak menjabat sebagai pengurus partai politik, pejabat pemerintah
      daerah.
      Does not serve as administrators of political parties, local government
      officials.



  Tugas dan Tanggung Jawab Komite Audit
  Duties and Responsibilities of the Audit Committee

  Komite Audit bertugas untuk memberikan pendapat atau                               The Audit Committee has the duty to provide opinions or
  saran kepada Dewan Komisaris terhadap laporan atau hal-                            suggestions to the Board of Commissioners on reports or
  hal yang disampaikan oleh Direksi kepada Dewan Komisaris.                          matters submitted by the Board of Directors to the Board
  Komite Audit juga senantiasa mengidentifikasi hal-hal yang                         of Commissioners. The Audit Committee also continuously
  memerlukan perhatian Dewan Komisaris, dan melaksanakan                             identifies matters that require the Board of Commissioners’
  tugas-tugas lain yang berkaitan dengan tugas Dewan                                 attention and carries out other duties related to the duties of
  Komisaris, antara lain meliputi:                                                   the Board of Commissioners, including:
  1. Laporan Keuangan                                                                1. Financial Reports
      • Melakukan penelaahan atas informasi keuangan                                     • Reviewing the adequacy of financial information
         yang akan dikeluarkan Perseroan kepada publik dan/                                  issued by the Company to the public and/or
         atau pihak otoritas antara lain laporan keuangan,                                   authorities, including financial reports, projections,
         proyeksi, dan laporan lainnya terkait dengan informasi                              and other reports related to the Company’s
         keuangan Perseroan;                                                                 financial information;
      • Memberikan rekomendasi kepada Dewan Komisaris                                    • Providing a recommendation to the Board of
         mengenai penunjukan akuntan publik dan kantor                                       Commissioners in the appointment of public
         akuntan publik yang didasarkan pada independensi,                                   accountant and public accounting firm based on
         ruang lingkup penugasan, dan imbalan jasa, untuk                                    independency, work scope and payment for general
         audit umum atas laporan keuangan Perseroan,                                         audit on Company financial report, proposing audit
         mengusulkan biaya jasa audit serta mengawasi                                        service fee as well as monitoring the audit work,
         pekerjaan audit yang dilakukan, termasuk                                            including proposing termination of employment
         mengusulkan penghentian akuntan publik dan/atau                                     with a public accountant and/or independent public
         kantor akuntan publik;                                                              accounting firm;
      • Memberikan persetujuan awal (pre-approval)                                       • Providing pre-approval for non-audit services to be
         jasa non audit yang akan ditugaskan kepada                                          assigned to independent auditors;
         auditor independen;




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   • Memantau dan memastikan bahwa auditor                                         • Monitoring and ensuring that the independent auditor
       independen telah melakukan audit atas laporan                                   has conducted an audit of the financial statements
       keuangan sesuai dengan Standar Profesional                                      in accordance with the Professional Standards of
       Akuntan Publik;                                                                 Public Accountant;
   • Memberikan pendapat independen dalam hal terjadi                              • Providing independent opinion, in case of dissenting
       perbedaan pendapat antara manajemen dan akuntan                                 opinions between management and accountant in
       atas jasa yang diberikannya;                                                    terms of services;
   • Mengusulkan pemutusan hubungan kerja dengan                                   • Proposing termination of employment with
       auditor independen kepada Dewan Komisaris jika:                                 an independent auditor to the Board of
       - Terdapat indikasi kuat bahwa independensi                                     Commissioners if:
           auditor independen diragukan;                                               - There are strong indications that the
       - Terbukti bahwa auditor independen tidak                                           independence of the independent auditor
           melakukan audit sesuai dengan Standar                                           is compromised;
           Profesional Akuntan Publik setelah mendapat                                 - It is proven that the independent auditor does
           teguran resmi dari Komite Audit.                                                not conduct an audit with the Public Accountant
2. Sistem Pengendalian Internal                                                            Professional Standards after receiving an official
   • Melakukan penelaahan atas ketaatan terhadap                                           warning from the Audit Committee.
       ketentuan peraturan perundang-undangan yang                              2. Internal Control Systems
       berhubungan dengan kegiatan Perseroan;                                      • Reviewing the compliance on laws and regulations
   • Melakukan penelaahan atas kecukupan usaha                                         related to Company activities;
       manajemen dalam mendesain dan melaksanakan                                  • Reviewing the adequacy of management’s efforts
       sistem pengendalian internal yang efektif;                                      in designing and implementing an effective internal
   • Melakukan penelaahan atas pelaksanaan                                             control system;
       pemeriksaan oleh auditor internal dan mengawasi                             • Reviewing the implementation of internal auditor
       pelaksanaan tindak lanjut oleh Direksi atas temuan                              inspection and monitor the follow ups by Board of
       auditor internal; dan                                                           Directors on internal auditor findings; and
   • Memastikan pengendalian internal dilakukan                                    • Ensuring the internal control is done accordingly.
       dengan baik.                                                             3. Coordination with Internal Audit
3. Koordinasi dengan Internal Audit                                                Coordinating with internal auditors in delivering
   Melakukan koordinasi dengan internal auditor dalam                              the duties.
   pelaksanaan tugasnya.                                                        4. Risk Management and Compliance with Legislation.
4. Manajemen Risiko dan Kepatuhan terhadap Peraturan                               • Monitoring the effectiveness of management in the
   Perundang-Undangan.                                                                 efforts to assess and manage risk and compliance
   • Melakukan pemantauan terhadap efektivitas                                         with laws and regulations;
       manajemen dalam upaya penilaian dan                                         • Reviewing the implementation on risk management
       pengelolaan risiko serta kepatuhan terhadap                                     done by the Board of Directors and coordinating with
       peraturan perundangan;                                                          Risk Monitoring Committee.
   • Melakukan penelaahan terhadap aktivitas                                    5. Complaints to the Company (Whistle Blower).
       pelaksanaan manajemen risiko yang dilakukan                                 • Monitoring the effectiveness of complaints
       oleh Direksi, dan berkoordinasi dengan Komite                                   mechanisms from employees or third parties carried
       Pemantau Risiko.                                                                out by management;
5. Pengaduan kepada Perusahaan (Whistle Blower).                                   • Reviewing the complaint process related to
   • Melakukan pemantauan terhadap efektivitas                                         accounting and Company financial report.
       mekanisme pengaduan dari pegawai atau pihak                              6. Confidentiality of Documents and Information.
       ketiga yang dilakukan oleh manajemen;                                       Maintaining the confidentiality of company documents,
   • Menelaah pengaduan yang berkaitan dengan proses                               data, and information.
       akuntansi dan pelaporan keuangan Perseroan.
6. Kerahasiaan Dokumen dan Informasi.
   Menjaga kerahasiaan dokumen, data dan
   informasi perusahaan.




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  Program Pengembangan Kompetensi Komite Audit
  Audit Committee Competency Enhancement

  Komite Audit telah mengikuti program peningkatan                          The competency enhancement programs participated by the
  kompetensi sepanjang tahun 2023, antara lain:                             Audit Committee members throughout 2023 are as follows:


                     Nama               Kegiatan/Program                             Tanggal/tempat                       Penyelenggara
                     Name               Activities/Programs                             Date/Place                          Organizer
      Poerwo Tjahjono            Informasi peningkatan kompetensi/pelatihan Bapak Poerwo Tjahjono dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Dewan Komisaris pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Poerwo Tjahjono can be found in the information on
                                 competency enhancement/training for members of the Board of Commissioners in this governance chapter.
      Dini Rosdini               Simulation Based Workshop of Key        23-24 Februari 2023/Virtual Zoom          Center Risk Management of
                                 Risk Indicators                         23-24 February 2023/Virtual Zoom          Studies (CRMS)
                                 Webinar Risk Management Forum           16 Maret 2023/Virtual Zoom                Forum Pertamina
                                 Pertamina Across the Group 2023         16 March 2023/Virtual Zoom
                                 Webinar IAI PSAK 117 Kontrak            5-6 April 2023/Virtual Zoom               Ikatan Akuntan Indonesia (IAI)
                                 Asuransi                                5-6 April 2023/Virtual Zoom               Indonesian Accountants
                                 IAI PSAK 117 Insurance Contracts                                                  Association (IAI)
                                 Webinar
                                 Fraud Investigation                     25 Juli 2023/Virtual Zoom                 Association of Certified Fraud
                                                                         25 July 2023/Virtual Zoom                 Examiners (ACFE)
                                 GAP Analysis IFRS S1 and S2             19 Agustus 2023/Virtual Zoom              Forum Akuntan Manajemen
                                                                         19 August 2023/Virtual Zoom               Management Accountant Forum
                                 Optimizing Business Continuity          27 September 2023/Virtual Zoom            Indonesia Risk Management
                                 Strategy to Achieve Sustainable         27 September 2023/Virtual Zoom            Professional Association
                                 Objectives                                                                        (IRMAPA)
                                 Mengawal Keberlanjutan dan              19 Oktober 2023/Ballroom Puri Agung       Ikatan Komite Audit Indonesia
                                 Pertumbuhan Perseroan melalui           Hotel Sahid Jaya                          (IKAI)
                                 Pengawasan dan Pengendalian             19 October 2023/Ballroom Puri Agung       Indonesian Audit Committee
                                 Risiko                                  Hotel Sahid Jaya                          Association (IKAI)
                                 Overseeing the Company's
                                 Sustainability and Growth through
                                 Supervision and Risk Control
                                 Sosialisasi POJK Anti Pencucian         12 Desember 2023/Virtual Zoom             Tugu Institute
                                 Uang, Pencegahan Pendanaan              12 December 2023/Virtual Zoom
                                 Terorisme, dan Pencegahan
                                 Pendanaan Proliferasi Senjata
                                 Pemusnah Massal (APU, PPT, dan
                                 PPPSPM)
                                 Dissemination of POJK on
                                 Anti-Money Laundering, Counter-
                                 Financing of Terorism, and Counter-
                                 Proliferation of Weapons of Mass
                                 Destruction Financing (AML, CFT,
                                 and CPWMDF)




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               Nama                          Kegiatan/Program                          Tanggal/tempat                     Penyelenggara
               Name                          Activities/Programs                          Date/Place                        Organizer
 Eni Pratiwi Herlinawati          GAP Analysis IFRS S1 and S2              19 Agustus 2023/Virtual Zoom            Forum Akuntan Manajemen
                                                                           19 August 2023/Virtual Zoom             Management Accountant Forum
                                  Optimizing Business Continuity           27 September 2023/Virtual Zoom          Indonesia Risk Management
                                  Strategy to Achieve Sustainable          27 September 2023/Virtual Zoom          Professional Association
                                  Objectives                                                                       (IRMAPA)
                                  Sosialisasi POJK Anti Pencucian          12 Desember 2023/Virtual Zoom           Tugu Institute
                                  Uang, Pencegahan Pendanaan               12 December 2023/Virtual Zoom
                                  Terorisme, dan Pencegahan
                                  Pendanaan Proliferasi Senjata
                                  Pemusnah Massal (APU, PPT, dan
                                  PPPSPM)
                                  Dissemination of POJK on
                                  Anti-Money Laundering, Counter-
                                  Financing of Terorism, and Counter-
                                  Proliferation of Weapons of Mass
                                  Destruction Financing (AML, CFT,
                                  and CPWMDF)
 Saleh Basir                      Webinar IAI PSAK 117 Kontrak             5-6 April 2023/Virtual Zoom             Ikatan Akuntan Indonesia (IAI)
                                  Asuransi                                 5-6 April 2023/Virtual Zoom             Indonesian Accountants
                                  IAI PSAK 117 Insurance Contracts                                                 Association (IAI)
                                  Webinar
                                  Guardian of The Corporacy: The           22-23 Juni 2023/Virtual Zoom            Forum Komunikasi Satuan
                                  Role of Internal Audit in Anti Money     22-23 June 2023/Virtual Zoom            Pengawas Intern (FKSPI)
                                  Laundering Actions dan Oversight                                                 Internal Supervisory Unit
                                  & Expectations of Anti Money                                                     Communication Forum (FKSPI)
                                  Laundering Actions
                                  Optimizing Business Continuity           27 September 2023/Virtual Zoom          Indonesia Risk Management
                                  Strategy to Achieve Sustainable          27 September 2023/Virtual Zoom          Professional Association
                                  Objectives                                                                       (IRMAPA)




Rapat dan Tingkat Kehadiran Komite Audit
Audit Committee Meeting and Attendance Rate

Komite Audit menyelenggarakan Rapat Komite Audit secara                          The Audit Committee organizes Audit Committee meetings
berkala paling sedikit 1 (satu) kali dalam 3 (tiga) bulan.                       periodically at least 1 (one) time in 3 (three) months. The
Rapat tersebut dapat diselenggarakan apabila dihadiri oleh                       meeting can be held if attended by more than 1/2 (one-
lebih dari 1/2 (satu per dua) jumlah anggota. Keputusan                          half) of the total members. The resolutions of the Audit
rapat Komite Audit diambil berdasarkan musyawarah                                Committee meetings are taken based on deliberation
untuk mufakat.                                                                   for consensus.

Di tahun 2023, Komite Audit telah melaksanakan 36 (tiga                          In 2023, the Audit Committee has held 36 (thirty six)
puluh enam) kali rapat termasuk rapat gabungan antara                            meetings including joint meetings between the Audit
Komite Audit dengan Komite Pemantau Risiko dan Komite                            Committee and the Risk Monitoring Committee and the
Nominasi dan Remunerasi, dan rapat dengan manajemen,                             Nomination and Remuneration Committee, and meetings
sebagian dari rapat-rapat ini dilakukan secara online melalui                    with management, some of these meetings were conducted
Microsoft Teams (MTeams).                                                        online through Microsoft Teams (MTeams).




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          Performance Review         Management Report            Company Profile               Management Discussion and Analysis




                     Nama                    Jumlah Rapat                   Jumlah Kehadiran                 Tingkat Kehadiran (%)
                     Name                     Total Meeting                  Total Attendance                  Attendance Rate (%)
      Poerwo Tjahjono                              36                                 36                              100%
      Dini Rosdini                                 36                                 33                               92%
      Eni Pratiwi Herlinawati                      36                                 34                               94%
      Saleh Basir                                  36                                 25                               69%



  Laporan Pelaksanaan Tugas Komite Audit
  Report on the Implementation of Audit Committee’s Duties

  Sepanjang tahun 2023, Komite Audit telah melaksanakan              Report on the implementation of Audit Committee’s duties in
  tugasnya dengan rincian sebagai berikut:                           2023 is as follows:

  1. Pengawasan terhadap Pengendalian Internal                       1. Supervision of Internal Control
     a. Pembahasan RKAP dan KPI Perseroan Tahun 2024                    a. Discussion of the Company's 2024 RKAP and KPI
        Komite Audit melakukan pembahasan usulan RKAP                       The Audit Committee, alongside other committees
        dan KPI Perseroan Tahun 2024 bersama dengan                         and management have discussed the Company's
        Komite lainnya dan dengan pihak manajemen,                          2024 Work Plan & Budget (RKAP) and KPI proposals,
        sebelum dibahas di hadapan Dewan Komisaris                          prior to discussed before the Board of Commissioners
        untuk disetujui.                                                    for approval.
     b. Rapat Berkala dengan Auditor Internal                           b. Regular Meetings with Internal Auditors
        Telah dilakukan rapat dengan Audit Internal sesuai                  Meetings have been held with Internal Audit in
        dengan rencana kerja antara lain terkait dengan                     accordance with the work plan, including related to
        hasil audit umum maupun khusus dan rencana kerja                    the results of general and special audits and work
        tahun berjalan, progres pelaksanaan PKPT (Program                   plans for the current year, progress in implementing
        Kerja Pemeriksaan Tahunan) 2023, serta persiapan                    the 2023 PKPT (Annual Audit Work Program), as
        implementasi PSAK 117. Selain itu juga dilakukan                    well as preparations for the implementation of PSAK
        rapat dengan manajemen terkait implementasi tata                    117. In addition, meetings have also been held with
        kelola perusahaan yang baik, proses bisnis, dan                     management related to implementation of good
        analisis kinerja bulanan Perseroan.                                 corporate governance, business processes, and
  2. Pemantauan Tindak Lanjut Temuan Auditor                                analysis of the Company's monthly performance.
     Komite Audit melakukan rapat dengan Audit Internal              2. Follow-up Monitoring of Auditor Findings
     untuk memonitor tindak lanjut temuan auditor eksternal.            The Audit Committee holds meetings with Internal Audit
  3. Rekomendasi Penunjukan Auditor Eksternal                           to monitor the follow-up to the external auditor's findings.
     Sesuai ketentuan OJK, Komite Audit memberikan                   3. Recommendations for the Appointment of the External
     rekomendasi penunjukan Auditor Eksternal untuk Tahun               Auditor
     Buku 2023 dengan memperhatikan hasil evaluasi dan                  In accordance with OJK regulations, the Audit Committee
     pengawasan terhadap kinerja auditor eksternal.                     provides recommendations for the appointment of
  4. Kesesuaian Laporan Keuangan dengan Standar                         External Auditor for the 2023 Fiscal Year by considering
     Akuntansi yang Berlaku                                             the results of evaluation and supervision of the external
     a. Reviu Laporan Manajemen                                         auditor's performance.
        Komite Audit melakukan reviu atas Laporan                    4. Conformity of Financial Reports with Applicable
        Manajemen mengenai perkembangan kinerja                         Accounting Standards
        keuangan perusahaan. Hasil reviu disampaikan dalam              a. Management Report Review
        rapat dengan Dewan Komisaris sebagai masukan                        The Audit Committee reviews Management Reports
        bagi Dewan Komisaris dalam melakukan peran                          regarding developments in the Company's financial
        pengawasan terhadap Direksi.                                        performance. The results of the review are presented
     b. Pendalaman Isu Sementara dalam Audit Laporan                        at a meeting with the Board of Commissioners as
        Keuangan                                                            input for the Board of Commissioners in carrying out
        Dalam setiap proses audit laporan keuangan,                         their supervisory role towards the Board of Directors.
        Komite Audit bersama dengan Dewan Komisaris                     b. In-Depth Study on the Temporary Issues in Financial
        melakukan pemantauan atas proses audit. Komite                      Report Audits
        Audit mengadakan pertemuan dengan auditor                           In each financial report audit process, the Audit
        eksternal dan memantau hasil temuan audit Laporan                   Committee together with the Board of Commissioners



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        Keuangan. Untuk setiap isu yang muncul dalam                                   monitors the audit process. The Audit Committee
        audit, anggota Komite Audit melakukan pendalaman                               holds meetings with external auditors and monitors
        atas isu tersebut sesuai dengan Standar Akuntansi                              the results of the audit of the Financial Statements.
        yang berlaku dan menelaah dampaknya terhadap                                   For each issue that arises in the audit, members
        laporan keuangan.                                                              of the Audit Committee conduct an in-depth
   c. Melakukan penelaahan informasi yang akan                                         study of the issue in accordance with applicable
        dipublikasikan oleh Perseroan.                                                 Accounting Standards and examine its impact on the
5. Rapat Komite Audit dengan Auditor Eksternal                                         financial statements.
   Komite Audit bersama dengan Dewan Komisaris telah                               c. Reviewing information that will be published by
   melakukan rapat koordinasi dengan Auditor Eksternal                                 the Company.
   terkait dengan pelaksanaan dan hasil Audit Laporan                           5. Audit Committee Meeting with External Auditor
   Keuangan untuk Tahun Buku 2023. Dari hasil pertemuan                            The Audit Committee, together with the Board of
   ini, Komite Audit juga melakukan pengawasan terhadap                            Commissioners, have held a coordination meeting with
   tindak lanjut temuan auditor eksternal sebagai                                  the External Auditor's regarding the implementation and
   bahan evaluasi mengenai efektivitas pengendalian                                results of the Financial Statement Audit for the 2023
   internal perusahaan.                                                            Fiscal Year. As the results of this meeting, the Audit
                                                                                   Committee also supervised the follow-up to the external
                                                                                   auditor's findings as evaluation material concerning the
                                                                                   effectiveness of the company's internal controls.




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          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




          4.B.
  Komite Nominasi dan Remunerasi
  Nomination and Remuneration Committee



  Dalam rangka memenuhi Peraturan OJK No. 34/                      Pursuant to OJK Regulation No. 34/POJK.04/2014
  POJK.04/2014 Tentang Komite Nominasi dan Remunerasi              Regarding the Nomination and Remuneration Committee
  Emiten atau Perusahaan Publik (“POJK No. 34/2014”),              of Issuers or Public Companies (“POJK No. 34/2014”),
  Tugu Insurance telah mempunyai Komite Nominasi dan               Tugu Insurance has a Nomination and Remuneration
  Remunerasi yang dibentuk oleh dan bertanggung jawab              Committee established by and responsible to the Board
  kepada Dewan Komisaris.                                          of Commissioners.

  Komite Nominasi dan Remunerasi mempunyai tugas dan               The Nomination and Remuneration Committee has the duty
  tanggung jawab untuk membantu melaksanakan fungsi dan            and responsibility to help carry out the functions and duties
  tugas Dewan Komisaris terkait Nominasi dan Remunerasi di         of the Board of Commissioners in relation to the Nomination
  tingkat Dewan Komisaris, Direksi, anggota Komite di tingkat      and Remuneration at the Board of Commissioners, the
  Dewan Komisaris dan jabatan hingga dua tingkat di bawah          Board of Directors, Committee members at the Board of
  Direksi Perseroan.                                               Commissioners level and positions up to two levels under
                                                                   the Company’s Board of Directors.


  Piagam Komite Nominasi dan Remunerasi
  Nomination and Remuneration Committee Charter

  Pelaksanaan tata kerja Komite Nominasi dan Remunerasi            The Nomination and Remuneration Committee delivers its
  tercantum pada Piagam Komite yang secara berkelanjutan           duties and responsibilities by referring to the Nomination
  disempurnakan dan diperbaharui sesuai perkembangan               and Remuneration Committee Charter, which is continuously
  peraturan perundang-undangan yang berlaku serta kondisi          refined and updated following the development of the
  terkini. Piagam Komite Nominasi dan Remunerasi terakhir          prevailing laws and regulations and current conditions.
  diperbaharui dan disempurnakan pada 4 Oktober 2022 yang          The Nomination and Remuneration Committee Charter
  disahkan oleh Dewan Komisaris.                                   was updated/enhanced and ratified by the Board of
                                                                   Commissioners on 4 October 2022.

  Piagam Komite Nominasi dan Remunerasi mengatur tentang           The Nomination and Remuneration Committee Charter
  pembentukan, organisasi dan masa kerja, tugas, tanggung          regulates the formation, organization and term of office,
  jawab dan wewenang dari Komite Nominasi dan Remunerasi.          duties, responsibilities and authorities of the Nomination and
                                                                   Remuneration Committee.




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Susunan, Dasar Pengangkatan, dan Masa Jabatan Komite Nominasi dan Remunerasi
Nomination and Remuneration Committee Composition, Appointment and Term of Office

Ketentuan atas komposisi dan keanggotaan Komite                                 The composition and membership of the Company
Nominasi dan Remunerasi, sebagai berikut.                                       Nomination and Remuneration Committee are as follows:

1. Komite Nominasi dan Remunerasi paling kurang terdiri                         1. The Nomination and Remuneration Committee shall
   dari 3 (tiga) orang anggota, dengan ketentuan:                                  consist of at least 3 (three) members, with the
   a. 1 (satu) orang ketua merangkap anggota, yang                                 following provision:
       merupakan Komisaris Independen; dan                                         a. 1 (one) chairman concurrently who serves as an
   b. Anggota lainnya yang dapat berasal dari:                                         Independent Commissioner; and
       - Anggota Dewan Komisaris;                                                  b. Other members who are also:
       - Pihak yang berasal dari luar Emiten atau                                      - Members of the Board of Commissioners;
           Perusahaan Publik yang bersangkutan; atau                                   - Parties from outside the Issuer or Public Company
       - Pihak yang menduduki jabatan manajerial                                           concerned; or
           di bawah Direksi yang membidangi sumber                                     - Parties holding managerial positions under the
           daya manusia.                                                                   Board of Directors in charge of human resources.
   c. Anggota Komite Nominasi dan Remunerasi lainnya                               c. Most of the members of the Nomination and
       sebagian besar tidak dapat berasal dari pihak yang                              Remuneration Committee may not come from parties
       menduduki jabatan manajerial di bawah Direksi yang                              holding managerial positions under the Board of
       membidangi sumber daya manusia.                                                 Directors in charge of human resources.
2. Anggota Komite Nominasi dan Remunerasi yang berasal                          2. The members of the Nomination and Remuneration
   dari luar Emiten atau Perusahaan Publik sebagaimana                             Committee who come from outside the Issuer or
   dimaksud di atas wajib memenuhi syarat:                                         Public Company as referred to above must meet the
   a. Tidak mempunyai hubungan Afiliasi dengan Emiten                              following requirements:
       atau Perusahaan Publik, anggota Direksi, anggota                            a. Have no affiliation with the Issuer or Public Company,
       Dewan Komisaris, atau Pemegang Saham Utama                                      members of the Board of Directors, members of the
       Emiten atau Perusahaan Publik tersebut;                                         Board of Commissioners, or Majority Shareholders of
   b. Memiliki pengalaman terkait Nominasi dan/atau                                    the Issuer or Public Company;
       Remunerasi; dan                                                             b. Have experience related to Nomination and/or
   c. Tidak merangkap jabatan sebagai anggota komite                                   Remuneration; and
       lainnya yang dimiliki Emiten atau Perusahaan                                c. Do not hold concurrent positions as members
       Publik tersebut.                                                                of other committees owned by the Issuer or
                                                                                       Public Company.

Pada tahun 2023, susunan anggota Komite Nominasi dan                            In 2023, the composition of the Nomination and
Remunerasi telah disahkan sebagaimana Surat Keputusan                           Remuneration Committee members has been ratified as
Dewan Komisaris No. 01/SKK_ATPI/IV/2023 tanggal 28                              stated in the Decree of the Board of Commissioners No. 01/
April 2023.                                                                     SKK_ATPI/IV/2023 dated 28 April 2023.




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            Performance Review               Management Report                  Company Profile                 Management Discussion and Analysis




  Pada tahun 2023, susunan keanggotaan Komite Nominasi                              In 2023, the membership composition of the Tugu
  dan Remunerasi Tugu Insurance adalah sebagai berikut:                             Insurance’s Nomination and Remuneration Committee is
                                                                                    as follows:


                                                                                                                                        Periode Masa
                 Nama                   Jabatan                                     Dasar Pengangkatan
                                                                                                                                          Jabatan
                 Name                   Position                                    Basis of Appointment
                                                                                                                                            Period
       Adi Zakaria Afiff 1)       Ketua                    Surat Keputusan Dewan Komisaris No. 07/SKK-ATPI/XII/2020 tanggal
                                  Chairman                 30 Desember 2020 tentang Pengangkatan Kembali Komite Nominasi dan          1 Januari 2021 s.d.
                                                           Remunerasi PT Asuransi Tugu Pratama Indonesia Tbk.                         28 April 2023.
                                                           Decree of the Board of Commissioners No. 07/SKK-ATPI/XII/2020              1 January 2021
                                                           dated 30 December 2020 on the Re-appointment of the Nomination and         until 28 April 2023
                                                           Remuneration Committee of PT Asuransi Tugu Pratama Indonesia Tbk.
       Dian Masyita 2)            Ketua                    Surat Keputusan Dewan Komisaris No.01/SKK-ATPI/IV/2023 tanggal 28
                                  Chairman                 April 2023 tentang Perubahan Susunan Anggota Komite Nominasi dan           28 April 2023 s.d.
                                                           Remunerasi PT Asuransi Tugu Pratama Indonesia Tbk.                         31 Desember 2023.
                                                           Decree of the Board of Commissioners No. 01/SKK-ATPI/IV/2023 dated         28 April 2023 until
                                                           28 April 2023 on the Changes in Composition of the Nomination and          31 December 2023.
                                                           Remuneration Committee of PT Asuransi Tugu Pratama Indonesia Tbk.
       Zaäfri Ananto Husodo       Anggota                  Surat Keputusan Dewan Komisaris No. 07/SKK-ATPI/XII/2020 tanggal
                                  Member                                                                                              1 Januari 2021 s.d.
                                                           30 Desember 2020 tentang Pengangkatan Kembali Komite Nominasi dan
                                                                                                                                      31 Desember 2023.
       Ayu Aprilianti             Anggota                  Remunerasi PT Asuransi Tugu Pratama Indonesia Tbk.
                                                                                                                                      1 January 2021
                                  Member                   Decree of the Board of Commissioners No. 07/SKK-ATPI/XII/2020
                                                                                                                                      until 31 December
       Jusman Hutama              Anggota (Ex Officio)     dated 30 December 2020 on the Re-appointment of the Nomination and
                                                                                                                                      2023.
                                  Member (Ex Officio)      Remuneration Committee of PT Asuransi Tugu Pratama Indonesia Tbk.
  1)
       Tidak lagi menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
       Efektif menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak 28 April 2023.
  1)
       No longer serves as Chair of the Nomination and Remuneration Committee since the closing of the Annual GMS on 28 April 2023.
  2)
       Effectively serving as Chair of the Nomination and Remuneration Committee since 28 April 2023.



  Profil Komite Nominasi dan Remunerasi Per 31 Desember 2023
  Profile of Member of the Nomination and Remuneration Committee as of 31 December 2023

                         Nama                                    Jabatan
       No
                         Names                                   Position
       1      Dian Masyita               Ketua Komite Nominasi dan Remunerasi                       Profil lengkap Ibu Dian Masyita dapat dilihat pada
                                         Chairperson of Nomination and Remuneration                 profile Dewan Komisaris pada Laporan Tahunan ini.
                                         Committee                                                  The profile of Ms. Dian Masyita can be found in the
                                                                                                    Board of Commissioners profile in this Annual Report.




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                                                     Zaäfri Ananto Husodo
                                                     Anggota Komite Nominasi dan Remunerasi | Member of Nomination and Remuneration
                                                     Committee

                                                     Periode Jabatan | Period
                                                     1 Januari 2021-31 Desember 2023 | 1 January 2023-31 December 2023
                                                     Kewarganegaraan            Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir      Malang, 20 Mei 1974
                                                     Date and Place of Birth    Malang, 20 May 1974
                                                     Usia                       49 tahun
                                                     Age                        49 years old
                                                     Domisili                   DKI Jakarta
                                                     Domicile


 Pendidikan dan Sertifikasi    •   Doctor (PhD) bidang keuangan dan perbankan dari             •    PhD in finance and banking from Australia School
 Education and Certification       Australian School of Business, UNSW (2008) dengan                of Business, UNSW specializing in risk on financial
                                   spesialisasi risiko dalam sistem keuangan.                       system (2008).
                               •   Magister Manajemen bidang keuangan dan                      •    Master of Management from the University of
                                   perbankan dari Universitas Indonesia (2000) dengan               Indonesia in finance and banking specializing in
                                   spesialisasi diseminasi informasi di pasar modal.                disseminating information in the capital market
                               •   Sarjana Ekonomi bidang sumber daya manusia                       (2000).
                                   dari Universitas Sebelas Maret (1997) dengan                •    Bachelor of Economics in human resources from
                                   spesialisasi perencanaan sumber daya manusia                     Sebelas Maret University (1997) specializing in
                                   pada sektor publik.                                              human resource planning on the public sector
                               •   Mempunyai Sertifikasi Certified Enterprise Risk             •    Certified with Enterprise Risk Governance (CERG)
                                   Governance (CERG), Sertifikasi Qualified Risk                    Certification, Qualified Risk Governance Professional
                                   Governance Professional (QRGP).                                  (QRGP) Certification.
 Riwayat Pekerjaan             •   Menjabat sebagai Dewan Pengawas untuk Nord                  •    Supervisory Board for Nord Anglia Education
 Work Experience                   Anglia Education Jakarta sejak 2013 untuk menjalin               Jakarta since 2013, responsible for establishing
                                   dan menjaga hubungan kerja sama dengan institusi                 and maintaining cooperative relationships with
                                   di Indonesia, monitoring operasional sekolah dari                institutions in Indonesia, and monitoring school
                                   sisi komposisi SDM, kinerja keuangan dan risiko                  operations in HR composition, financial performance
                                   operasional.                                                     and operational risk.
                               •   Ketua Program Pascasarjana Ilmu Manajemen                   •    Program Director of the Postgraduate Program
                                   sejak 2022, mengelola sumber daya manusia                        in Management Science since 2022, managing
                                   dan mahasiswa/i, melakukan manajemen risiko                      human resources and students, operational risk
                                   operasional, pengembangan dan pengelolaan                        management, developing and managing curriculum,
                                   kurikulum serta menjalin dan menjaga kerja sama                  establishing and maintaining collaboration with local
                                   dengan institusi lokal dan internasional.                        and international institutions.
                               •   Sekretaris Progam Studi Pascasarjana Ilmu                   •    Secretary of the Postgraduate Study Program in
                                   Manajemen sejak 2018-2022, mengelola operasi                     Management Science since 2018-2022, managing
                                   internal program studi, manajemen sumber daya                    the internal operations of the study program, internal
                                   manusia interal, mengelola adminstrasi akademik                  human resources management, and study program
                                   program studi.                                                   academic administration.
                               •   Menjadi staf khusus Wakil Rektor II di tahun 2014-          •    Special staff of Vice Chancellor II in 2014-2018 in
                                   2018 dalam bidang analisis keuangan dan proses                   financial analysis and business processes at the
                                   bisnis Universitas Indonesia.                                    University of Indonesia.
                               •   Research Advisor dalam membangun research-based             •    Research Advisor for Central Bank of Indonesia,
                                   policy sejak 2003 untuk Bank Indonesia, Otoritas                 Financial Services Authority and Ministry of Finance
                                   Jasa Keuangan, dan Kementerian Keuangan.                         since 2003 to assist them in developing research-
                                                                                                    based policy.




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      Rangkap Jabatan               •   Dewan Pengawas untuk Nord Anglia Education                •   Supervisory Board for Nord Anglia Education Jakarta
      Concurrent Position               Jakarta sejak 2013 untuk menjalin dan menjaga                 since 2013 to establish and maintain cooperative
                                        hubungan kerja sama dengan institusi di Indonesia,            relationships with Indonesian institutions, monitoring
                                        monitoring operasional sekolah dari sisi komposisi            school operations in terms of HR composition,
                                        SDM, kinerja keuangan dan risiko operasional.                 financial performance and operational risks.
                                    •   Aktif sebagai pengelola program pascasarjana ilmu         •   Active as manager of the postgraduate management
                                        manajemen sejak 2009 di FEB-UI serta sebagai                  science program since 2009 at FEB-UI and lecturer in
                                        Dosen dalam bidang keuangan sejak 2000.                       finance since 2000.
      Hubungan Afiliasi             Tidak memiliki hubungan afiliasi dengan anggota Dewan         Has no affiliation with members of the Board of
      Affiliation Relation          Komisaris, Direksi dan Pemegang Saham Utama/                  Commissioners, Board of Directors and Majority/
                                    Pengendali                                                    Controlling Shareholders




                                                         Ayu Aprilianti
                                                         Anggota Komite Nominasi dan Remunerasi | Member of Nomination and Remuneration
                                                         Committee

                                                         Periode Jabatan | Period
                                                         1 Januari 2021-31 Desember 2023 | 1 January 2023-31 December 2023
                                                         Kewarganegaraan               Indonesia
                                                         Citizenship
                                                         Tempat, Tanggal Lahir         Jakarta, 10 April 1980
                                                         Date and Place of Birth
                                                         Usia                          43 tahun
                                                         Age                           43 years old
                                                         Domisili                      DKI Jakarta
                                                         Domicile


      Pendidikan dan Sertifikasi    •   Sarjana (S1) Psikologi dari Fakultas Psikologi            •   Bachelor of Psychology from the Faculty of
      Education and Certification       Universitas Indonesia (2004).                                 Psychology, University of Indonesia (2004).
                                    •   Magister Sains Manajemen Sumber Daya Manusia              •   Master of Science in Human Resource Management
                                        dari Fakultas Psikologi Universitas Indonesia (2007).         from the Faculty of Psychology, University of
                                    •   Gelar sertifikasi yang dimiliki adalah Certified              Indonesia (2007).
                                        Competency Developer dan Certified Behavior               •   Certified with Competency Developer and Certified
                                        Analyst, Sertifikasi Certified Enterprise Risk                Behavior Analyst, Certified Enterprise Risk
                                        Governance (CERG), Sertifikasi Qualified Risk                 Governance (CERG) Certification, Qualified Risk
                                        Governance Professional (QRGP).                               Governance Professional (QRGP) Certification.
      Riwayat Pekerjaan             Dosen Fakultas Ekonomi dan Bisnis Universitas                 Lecturer of the Faculty of Economics and Business,
      Work Experience               Indonesia (FEB UI) dengan kepakaran pada bidang               University of Indonesia (FEB UI) specializing in Human
                                    Manajemen Sumber Daya Manusia, Manajemen Stratejik,           Resource Management, Strategic Management,
                                    Struktur dan Proses Organisasi, Perilaku Organisasi serta     Organizational Structure and Processes, Organizational
                                    Corporate Governance (2010-sekarang).                         Behavior and Corporate Governance (2010-present).
      Rangkap Jabatan               Dosen di Fakultas Ekonomi dan Bisnis Universitas              Lecturer at the Faculty of Economics and Business,
      Concurrent Position           Indonesia (FEB UI) dan aktif sebagai peneliti dan             University of Indonesia (FEB UI) and researcher in
                                    melakukan riset yang berkaitan dengan pengelolaan             human resource management, change management
                                    sumber daya manusia, manajemen perubahan dan                  and organizational development, strategic management,
                                    pengembangan organisasi, manajemen stratejik, inovasi         innovation and corporate governance (2010-present).
                                    dan corporate governance (2010-sekarang).
      Hubungan Afiliasi             Tidak memiliki hubungan afiliasi dengan anggota Dewan         Has no affiliation with members of the Board of
      Affiliation Relation          Komisaris, Direksi dan Pemegang Saham Utama/                  Commissioners, Board of Directors and Majority/
                                    Pengendali.                                                   Controlling Shareholders.




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                                                     Jusman Hutama
                                                     Anggota Komite Nominasi dan Remunerasi | Member of Nomination and Remuneration
                                                     Committee
                                                     Periode Jabatan | Period
                                                     1 Januari 2021-31 Desember 2023 | 1 January 2023-31 December 2023
                                                     Kewarganegaraan             Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir       Jakarta, 12 Oktober 1977
                                                     Date and Place of Birth     Jakarta, 12 October 1977
                                                     Usia                        46 tahun
                                                     Age                         46 years old
                                                     Domisili                    DKI Jakarta
                                                     Domicile


 Pendidikan dan Pelatihan         •      Meraih gelar MBA dengan pendalaman Marketing              •   Master of Business Administration in Marketing
 Education and Training                  dan Keuangan dari Judd Leighton Business School               and Finance from the Judd Leighton Business
                                         of Indiana University, Amerika Serikat (2008).                School of Indiana University, USA (2008).
                                  •      Meraih gelar Bachelor of Business Administration          •   Bachelor of Business Administration with Honors in
                                         with Honors dengan pendalaman International                   International Business from Edith Cowan University,
                                         Business dari Edith Cowan University, Australia               Australia, as part of the Dual-Degree program with
                                         sebagai bagian dari Dual-Degree Program dengan                Trisakti University (2001).
                                         Universitas Trisakti (2001).                              •   Bachelor of Economy majoring Accounting from
                                  •      Meraih gelar Sarjana Ekonomi jurusan Akuntansi                Trisakti University (2001).
                                         dari Universitas Trisakti (2001).                         •   Qualified Certified Risk Officer (QCRO), Google
                                  •      Gelar sertifikasi yang dimiliki adalah Qualified              Digital Academy certification, and Associate Life
                                         Certified Risk Officer (QCRO), Google Digital                 Management Institution (ALMI) certification and
                                         Academy, Associate, Life Management Institute                 Certified Professional in Organization Development
                                         (ALMI) dan Certified Professional in Organization             (CPOD).
                                         Development (CPOD).
 Riwayat Pekerjaan                Memiliki pengalaman tentang seluruh spektrum                     Experienced in all spectrum of Human Resources
 Work Experience                  pengelolaan Sumber Daya Manusia, Operasional,                    Management, Operations, and Affinity Business in
                                  dan Affinity Business pada beberapa perusahaan                   several multinational companies of different types of
                                  multinasional dengan jenis industri yang berbeda.                industries.
 Rangkap Jabatan                  Group Head Human Capital & Services, PT Asuransi                 Group Head Human Capital & Services, PT Asuransi
 Concurrent Position              Tugu Pratama Indonesia Tbk.                                      Tugu Pratama Indonesia Tbk.
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan            Has no affiliation with members of the Board of
 Affiliation Relation             Komisaris, Direksi dan Pemegang Saham Utama/                     Commissioners, Board of Directors and Majority/
                                  Pengendali.                                                      Controlling Shareholders.




Independensi Komite Nominasi dan Remunerasi
Independence of Nomination and Remuneration Committee

Untuk menjaga independensinya, Komite Nominasi dan                              To uphold its independence, the Nomination and
Remunerasi diketuai oleh Komisaris Independen, yang tidak                       Remuneration Committee is chaired by an Independent
memiliki hubungan afiliasi dengan Dewan Komisaris, Direksi,                     Commissioner, who has no affiliation with the Board of
dan Pemegang Saham Pengendali Perseroan. Di samping                             Commissioners, Directors, and Controlling Shareholders
itu, anggota Komite Nominasi dan Remunerasi tidak memiliki                      of the Company. In addition, members of the Nomination
benturan kepentingan yang mempengaruhi kemandiriannya                           and Remuneration Committee do not have conflicts of
dalam menjalankan tugas, tidak memiliki hubungan darah                          interest that affect their independence in carrying out their
dengan sesama anggota Komite Nominasi dan Remunerasi,                           duties, and not a blood related with fellow members of
Direksi, dan Pemegang Saham hingga derajat ketiga, baik                         the Nomination and Remuneration Committee, Directors,
secara vertikal maupun horizontal atau melalui ikatan                           and Shareholders up to the third degree, either vertically
perkawinan, serta tidak memiliki hubungan keuangan dengan                       or horizontally or through marriage, and has no financial
semua pihak tersebut.                                                           relationship with any of these parties.


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  Adapun tabel independensi Komite Nominasi dan                                     The independence table of the Nomination and
  Remunerasi Tugu Insurance berdasarkan POJK No. 34/2014                            Remuneration Committee refers to POJK No. 34/2014 are
  adalah sebagai berikut:                                                           as follows:

  Tabel Hubungan Keluarga dan Hubungan Keuangan Komite Nominasi dan Remunerasi
  Table of Familial Relationship and Financial Relationship of the Nomination and Remuneration Committee
                                                         Hubungan Keluarga                                           Hubungan Keuangan
                                                         Familial Relationship                                       Financial Relationship
               Keterangan
                                            Dewan                                                       Dewan
                Description                                    Direksi            Pemegang                                 Direksi             Pemegang
                                           Komisaris                                                   Komisaris
                                                               Board of            Saham                                   Board of             Saham
                                            Board of                                                    Board of
                                                               Directors         Shareholders                              Directors          Shareholders
                                         Commissioners                                               Commissioners
       Adi Zakaria Afiff 1)

       Dian Masyita 2)

       Zaäfri Ananto Husodo

       Ayu Aprilianti

       Jusman Hutama


  1)
       Tidak lagi menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
       Efektif menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak 28 April 2023.
  1)
       No longer serves as Chair of the Nomination and Remuneration Committee since the closing of the Annual GMS on 28 April 2023.
  2)
       Effectively serving as Chair of the Nomination and Remuneration Committee since 28 April 2023.


  Tabel Independensi Komite Nominasi dan Remunerasi
  Table of Independence of the Nomination and Remuneration Committee
                                                                                                             Zaäfri
                              Aspek Independensi                      Adi Zakaria          Dian                                                  Jusman
                                                                                                            Ananto         Ayu Aprilianti
                              Independence Aspect                       Afiff 1)         Masyita 2)                                              Hutama
                                                                                                            Husodo
       Tidak mempunyai hubungan Afiliasi dengan Emiten atau
       Perusahaan Publik, anggota Direksi, anggota Dewan
       Komisaris, atau Pemegang Saham Utama Emiten atau
       Perusahaan Publik tersebut
       Does not have affiliation with the Issuer or Public
       Company, members of the Board of Directors, members of
       the Board of Commissioners, or Majority Shareholders of
       the Issuer or Public Company
       Tidak merangkap jabatan sebagai anggota komite lainnya
       yang dimiliki Emiten atau Perusahaan Publik tersebut.
       Does not hold concurrent positions as members of other
       committees owned by the Issuer or Public Company.
  1)
       Tidak lagi menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
       Efektif menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak 28 April 2023.
  1)
       No longer serves as Chair of the Nomination and Remuneration Committee since the closing of the Annual GMS on 28 April 2023.
  2)
       Effectively serving as Chair of the Nomination and Remuneration Committee since 28 April 2023.




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Tugas dan Tanggung Jawab Komite Nominasi dan Remunerasi
Duties and Responsibilities of the Nomination and Remuneration Committee

Tugas dan tanggung jawab Komite Nominasi dan Remunerasi                         The Nomination and Remuneration Committee has duties
dalam membantu melaksanakan fungsi dan tugas Dewan                              and responsibilities to assist the Board of Commissioners’
Komisaris terkait Nominasi dan Remunerasi adalah                                functions related to Nomination and Remuneration
sebagai berikut:                                                                as follows:
1. Terkait dengan fungsi nominasi, yaitu:                                       1. Related to the nomination function, namely:
   a. Memberikan rekomendasi kepada Dewan                                           a. Provide recommendations to the Board of
       Komisaris mengenai:                                                              Commissioners regarding the following:
       - Komposisi jabatan anggota Direksi dan/atau                                     - Composition of the members of the Board
           anggota Dewan Komisaris;                                                          of Directors and/or members of the Board
       - Kebijakan dan kriteria yang dibutuhkan dalam                                        of Commissioners;
           proses nominasi;                                                             - Policies and criteria required in the
       - Kebijakan evaluasi kinerja bagi anggota Direksi                                     nomination process;
           dan/atau anggota Dewan Komisaris.                                            - Performance evaluation policies for the
   b. Membantu Dewan Komisaris melakukan penilaian                                           Board of Directors and/or the Board of
       kinerja anggota Direksi dan/atau anggota Dewan                                        Commissioners members.
       Komisaris berdasarkan tolok ukur yang telah disusun                          b. Assist the Board of Commissioners in assessing the
       sebagai bahan evaluasi;                                                          performance of members of the Board of Directors
   c. Memberikan rekomendasi kepada Dewan Komisaris                                     and/or members of the Board of Commissioners
       mengenai program pengembangan kemampuan                                          based on benchmarks that have been prepared as
       anggota Direksi dan/atau anggota Dewan Komisaris;                                evaluation materials;
   d. Memberikan usulan/rekomendasi calon yang                                      c. Provide recommendations to the Board of
       memenuhi syarat sebagai anggota Direksi dan/                                     Commissioners regarding capacity development
       atau anggota Dewan Komisaris kepada Dewan                                        programs for members of the Board of Directors and/
       Komisaris untuk disampaikan kepada Rapat Umum                                    or members of the Board of Commissioners;
       Pemegang Saham;                                                              d. Provide proposals/recommendations for candidates
   e. Memberikan rekomendasi calon yang memenuhi                                        who meet the requirements as members of the
       syarat sebagai Deputy Director dan Group Head                                    Board of Directors and/or members of the Board of
       kepada Dewan Komisaris untuk dibahas dan                                         Commissioners to the Board of Commissioners to be
       diputuskan dalam rapat Dewan Komisaris;                                          submitted to the General Meeting of Shareholders;
   f. Menyusun dan memberikan rekomendasi kepada                                    e. Provide recommendations for candidates who meet
       Dewan Komisaris mengenai sistem dan prosedur                                     the requirements as Deputy Director and Group Head
       pemilihan dan/atau penggantian anggota Dewan                                     to the Board of Commissioners to be discussed and
       Komisaris dan Direksi kepada Dewan Komisaris untuk                               decided in a meeting of the Board of Commissioners;
       disampaikan kepada Rapat Umum Pemegang Saham;                                f. Prepare and provide recommendations to the Board
   g. Memberikan rekomendasi kepada Dewan Komisaris                                     of Commissioners regarding systems and procedures
       mengenai pihak independen yang akan menjadi                                      for selecting and/or replacing members of the
       Anggota Komite.                                                                  Board of Commissioners and Directors to the Board
2. Terkait dengan fungsi remunerasi, yaitu:                                             of Commissioners to be submitted to the General
   a. Melakukan evaluasi terhadap sistem/kebijakan                                      Meeting of Shareholders;
       remunerasi bagi Dewan Komisaris, Direksi, Deputy                             g. Provide recommendations to the Board of
       Director, dan Group Head;                                                        Commissioners regarding independent parties who
   b. Menyusun dan memberikan rekomendasi kepada                                        will become Committee Members.
       Dewan Komisaris mengenai kebijakan remunerasi                            2. Related to the remuneration function, namely:
       bagi Dewan Komisaris dan Direksi untuk disampaikan                           a. Evaluate the remuneration system/policy for the
       kepada Rapat Umum Pemegang Saham;                                                Board of Commissioners, Directors, Deputy Director
                                                                                        and Group Head;
                                                                                    b. Prepare and provide recommendations to the Board
                                                                                        of Commissioners regarding the remuneration policy
                                                                                        for the Board of Commissioners and the Board of
                                                                                        Directors to be submitted to the General Meeting
                                                                                        of Shareholders;




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         c. Menyusun dan memberikan rekomendasi kepada                           c. Prepare and provide recommendations to the Board
            Dewan Komisaris mengenai kebijakan remunerasi                            of Commissioners regarding the remuneration
            bagi Deputy Director, dan Group Head untuk                               policy for the Deputy Director and Group Head to be
            disampaikan kepada Direksi;                                              submitted to the Board of Directors;
         d. Membantu Dewan Komisaris melakukan penilaian                         d. Assist the Board of Commissioners in conducting
            kinerja dengan kesesuaian remunerasi yang diterima                       performance appraisals in accordance with the
            masing-masing anggota Direksi dan/atau anggota                           remuneration received by each member of the
            Dewan Komisaris.                                                         Board of Directors and/or members of the Board
      3. Melaksanakan tugas lainnya yang diberikan oleh                              of Commissioners.
         Dewan Komisaris.                                                     3. Deliver other duties assigned by the Board
                                                                                 of Commissioners.


  Program Pengembangan Kompetensi Komite Nominasi dan Remunerasi
  Nomination and Remuneration Committee Competency Enhancement Program

  Komite Nominasi dan Remunerasi telah mengikuti program                      The competency enhancement programs participated in by
  peningkatan kompetensi sepanjang tahun 2023, antara lain:                   members of the Nomination and Remuneration Committee
                                                                              throughout 2023 are as follows:


                   Nama                 Kegiatan/Program                               Tanggal/Tempat                     Penyelenggara
                   Name                 Activities/Programs                               Date/Place                        Organizer
      Dian Masyita               Informasi peningkatan kompetensi/pelatihan Ibu Dian Masyita dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Dewan Komisaris pada bab tata kelola ini.
                                 Information on competency enhancement/training of Ms. Dian Masyita can be found in the information on
                                 competency enhancement/training for members of the Board of Commissioners in this governance chapter.
      Zaäfri Ananto Husodo       Webinar Risk Management Forum             16 Maret 2023/Virtual Zoom              Forum Pertamina
                                 Pertamina Across the Group 2023.          16 March 2023/Virtual Zoom
                                 E-learning dan Ujian Qualified Risk       24-30 Juli 2023 & 2 Agustus 2023/       Lembaga Sertifikasi Profesi
                                 Governance Professional (QRGP).           Virtual Zoom                            Mitra Kalyana Sejahtera (LSP
                                 E-learning and Qualified Risk             24-30 July 2023 & 2 August 2023/        MKS)
                                 Governance Professional Exam              Virtual Zoom                            Mitra Kalyana Sejahtera
                                 (QRGP).                                                                           Professional Certification
                                                                                                                   Institute (LSP MKS)
                                 GAP Analysis IFRS S1 and S2.              19 Agustus 2023/Virtual Zoom            Forum Akuntan Manajemen
                                                                           19 August 2023/Virtual Zoom             Management Accountant Forum
                                 Optimizing Business Continuity            27 September 2023/Virtual Zoom          Indonesia Risk Management
                                 Strategy to Achieve Sustainable                                                   Professional Association
                                 Objectives.                                                                       (IRMAPA)
                                 Sosialisasi POJK Anti Pencucian           12 Desember 2023/Virtual Zoom           Tugu Institute
                                 Uang, Pencegahan Pendanaan                12 December 2023/Virtual Zoom
                                 Terorisme, dan Pencegahan
                                 Pendanaan Proliferasi Senjata
                                 Pemusnah Massal (APU, PPT, dan
                                 PPPSPM).
                                 Dissemination of POJK Anti-Money
                                 Laundering, Prevention of Terrorism
                                 Financing, and Prevention of
                                 Funding for the Proliferation of
                                 Weapons of Mass Destruction (APU,
                                 PPT, and PPPSPM).
      Ayu Aprilianti             E-learning dan Ujian Qualified Risk       25-31 Juli 2023 & 1 Agustus 2023/       Lembaga Sertifikasi Profesi
                                 Governance Professional (QRGP).           Virtual Zoom                            Mitra Kalyana Sejahtera (LSP
                                 E-learning and Qualified Risk             25-31 July 2023 & 1 August 2023/        MKS)
                                 Governance Professional Exam              Virtual Zoom                            Mitra Kalyana Sejahtera
                                 (QRGP).                                                                           Professional Certification
                                                                                                                   Institute (LSP MKS)




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             Nama                            Kegiatan/Program                        Tanggal/Tempat                       Penyelenggara
             Name                            Activities/Programs                        Date/Place                          Organizer
                                  Optimizing Business Continuity           27 September 2023/Virtual Zoom         Indonesia Risk Management
                                  Strategy to Achieve Sustainable                                                 Professional Association
                                  Objectives                                                                      (IRMAPA)
                                  Sosialisasi POJK Anti Pencucian          12 Desember 2023/Virtual Zoom          Tugu Institute
                                  Uang, Pencegahan Pendanaan               12 December 2023/Virtual Zoom
                                  Terorisme, dan Pencegahan
                                  Pendanaan Proliferasi Senjata
                                  Pemusnah Massal (APU, PPT, dan
                                  PPPSPM).
                                  Dissemination of POJK Anti-Money
                                  Laundering, Prevention of Terrorism
                                  Financing, and Prevention of
                                  Funding for the Proliferation of
                                  Weapons of Mass Destruction (APU,
                                  PPT, and PPPSPM).
 Jusman Hutama                    Objective Key Result Workshop            Jakarta, 18 Januari 2023               Happy5
                                                                           Jakarta, 18 January 2023
                                  Certified Professional in Organization   Jakarta, 28-29 Januari 2023            AIODP
                                  Development (CPOD)                       Jakarta, 28-29 January 2023
                                  tiLearn 040: COB Marine Hull &           Jakarta, 7 Februari 2023               Tugu Institute dan Sales &
                                  Marine Cargo                             Jakarta, 7 February 2023               Distribution Group
                                                                                                                  Tugu Institute and Sales &
                                                                                                                  Distribution Group
                                  CIFO: Hybrid Working as A Trend of       Jakarta, 1 Maret 2023                  CIAS - Corporate Innovation
                                  Work In The Post-Pandemic World          Jakarta, 1 March 2023                  Asia
                                  Tantangan dan Peluang Profesi            Jakarta, 3 Maret 2023                  IRMAPA
                                  Manajemen Risiko dalam                   Jakarta, 3 March 2023
                                  Pencapaian Tujuan Keuangan
                                  Berkelanjutan
                                  Challenges and Opportunities for
                                  the Risk Management Profession
                                  in Achieving Sustainable Financial
                                  Goals
                                  Training Millenials & Gen Z: Tips &      Jakarta, 3 Maret 2023                  MSI Indonesia
                                  Strategies                               Jakarta, 3 March 2023
                                  Global Turmoil: The Unpredictable        Jakarta, 15 Maret 2023                 IRMAPA
                                  Landscape                                Jakarta, 15 March 2023
                                  People-Policy-Technology to Build        Jakarta, 15 April 2023                 CMA
                                  Employee Experience
                                  Risk Management Forum Pertamina          Jakarta, 16 Maret 2023                 Tugu Institute dan ERM & Legal
                                  Group 2023                               Jakarta, 16 March 2023                 Group
                                                                                                                  Tugu Institute and ERM & Legal
                                                                                                                  Group
                                  tiShare 007: Selling & Negotiation       Jakarta, 29 Mei 2023                   Tugu Institute dan Sales &
                                  Skill                                    Jakarta, 29 May 2023                   Negotiation Skills
                                                                                                                  Tugu Institute and Sales &
                                                                                                                  Negotiation Skills




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          Performance Review         Management Report                   Company Profile                Management Discussion and Analysis




                  Nama                  Kegiatan/Program                             Tanggal/Tempat                         Penyelenggara
                  Name                  Activities/Programs                             Date/Place                            Organizer
                                 tiShare 009: Sosialisasi                Jakarta, 5 Juni 2023                      Tugu Institute dan Human
                                 Pengelolaan Talent dan Rencana          Jakarta, 5 June 2023                      Capital & Services
                                 Suksesi                                                                           Tugu Institute and Human
                                 tiShare 009: Dissemination of                                                     Capital & Services
                                 Talent Management and Succession
                                 Planning
                                 tiLearn 042: Implementasi SMAP          Jakarta, 8 Juni 2023                      Tugu Institute dan Compliance
                                 Dalam Menunjang Kegiatan                Jakarta, 8 June 2023                      Tugu Institute and Compliance
                                 Operasional Perusahaan.
                                 tiLearn 042: Implementation
                                 of SMAP to Support Company
                                 Operational Activities.
                                 Revolutioning HR                        Jakarta, 17 Juni 2023                     MTI Talentstory
                                                                         Jakarta, 17 June 2023
                                 tiLearn 045: Basic Selling Skill        Jakarta, 31 Juli 2023                     Tugu Institute dan Sales &
                                                                         Jakarta, 31 July 2023                     Distribution Group
                                                                                                                   Tugu Institute and Sales &
                                                                                                                   Distribution Group
                                 Rancangan Standar Kompetensi            Yogyakarta, 3 Agustus 2023                OJK
                                 Kerja Nasional Indonesia                Yogyakarta, 3 August 2023
                                 Draft of Indonesian National Work
                                 Competency Standards
                                 Coaching For Empowering Your Team       Jakarta, 23 Agustus 2023                  IKIGAI
                                                                         Jakarta, 23 August 2023
                                 Masa Depan Asuransi Syariah             Jakarta, 30 Agustus 2023                  KARIM
                                 Pasca POJK No. 11 Tahun 2023            Jakarta, 30 August 2023
                                 The Future of Sharia Insurance Post
                                 POJK No. 11 of 2023
                                 Konvensi Nasional Rancangan             Jakarta, 20 September 2023                OJK
                                 Standar Kompetensi Kerja Nasional
                                 Indonesia (RSKKNI) Bidang
                                 Perasuransian
                                 National Convention on the
                                 Draft Indonesian National Work
                                 Competency Standards (RSKKNI) in
                                 the Insurance Sector
                                 tilearn 047: Right Service              Jakarta, 23 Oktober 2023                  Strategic Partnership Group
                                 Experience for The Right Customer       Jakarta, 23 October 2023
                                 tilearn 052: Keynote Speech             Jakarta, 16 November 2023                 Legal & Compliance Group
                                 Perlindungan Data Pribadi
                                 tilearn 052: Keynote Speech on
                                 Personal Data Protection
                                 Risk Beyond International               Jakarta, 7-8 Desember 2023                IRMAPA
                                 Conference on ERM 2023                  Jakarta, 7-8 December 2023


  Rapat dan Tingkat Kehadiran Komite Nominasi dan Remunerasi
  Nomination and Remuneration Committee Meeting & Attendance Rate

  Komite Nominasi dan Remunerasi menyelenggarakan rapat                     In accordance with POJK No.34/POJK.04/2014 concerning
  secara berkala paling kurang 1 (satu) kali dalam 4 (empat)                the Nomination and Remuneration Committee of Issuers
  bulan mengacu pada POJK No. 34/POJK.04/2014 tentang                       or Public Companies, the Nomination and Remuneration
  Komite Nominasi dan Remunerasi Emiten atau Perusahaan                     Committee must hold a periodic meeting at least once in
  Publik. Keputusan rapat Komite Nominasi dan Remunerasi                    four months. Nomination and Remuneration Committee
  dilakukan berdasarkan musyawarah mufakat. Dalam                           meeting decisions are made based on deliberation to
  hal keputusan berdasarkan musyawarah mufakat tidak                        reach a consensus. If a decision based on deliberation and
  tercapai, pengambilan keputusan dilakukan berdasarkan                     consensus is not reached, the decision is made based on
  suara terbanyak.                                                          the majority vote.



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         Corporate Governance                   Corporate Social Responsibility                        Audited Report




Per 31 Desember 2023, Komite Nominasi dan Remunerasi                               As of 31 Desember 2023, the Nomination and Remuneration
telah melaksanakan 16 (enam belas) kali rapat termasuk                             Committee held 16 (sixteen) meetings, including joint
rapat gabungan antara Komite Nominasi dan Remunerasi                               meetings between the Nomination and Remuneration
dengan Komite Pemantau Risiko dan Komite Audit, dan                                Committee with the Risk Monitoring Committee and Audit
rapat dengan manajemen. Adapun rincian kehadiran anggota                           Committee, and meetings with management. The attendance
Komite Nominasi dan Remunerasi sebagai berikut:                                    rate of the Nomination and Remuneration Committee
                                                                                   members are as follows:


                      Nama                          Jumlah Rapat                        Jumlah Kehadiran                     Tingkat Kehadiran (%)
                      Name                           Total Meeting                       Total Attendance                       Attendance Rate
     Adi Zakaria Afiff 1)                                   4                                      4                                    100%
     Dian Masyita 2)                                       12                                      11                                   92%
     Zaäfri Ananto Husodo                                  16                                      13                                   81%
     Ayu Aprilianti                                        16                                      15                                   94%
     Jusman Hutama                                         16                                      12                                   75%
1)
     Tidak lagi menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
2)
     Efektif menjabat sebagai Ketua Komite Nominasi dan Remunerasi sejak 28 April 2023.
1)
     No longer serves as Chair of the Nomination and Remuneration Committee since the closing of the Annual GMS on 28 April 2023.
2)
     Effectively serving as Chair of the Nomination and Remuneration Committee since 28 April 2023.



Laporan Pelaksanaan Tugas Komite Nominasi dan Remunerasi
Report on Implementation of Nomination and Remuneration Committee Duties

Per 31 Desember 2023, Komite Nominasi dan Remunerasi                               The following is the report on the implementation of the
telah melaksanakan tugas antara lain:                                              duties of the Nomination and Remuneration Committee as of
                                                                                   31 December 2023:
1. Komite Nominasi dan Remunerasi telah melakukan                                  1. The Nomination and Remuneration Committee has
   evaluasi dan memberikan rekomendasi terkait pergantian                              conducted an evaluation and provided recommendations
   Direksi dan Dewan Komisaris yang habis masa tugasnya                                regarding the replacement of the Board of Directors
   pada masa RUPST 2023 sesuai dengan ketentuan                                        and Board of Commissioners whose terms of office
   yang berlaku;                                                                       have expired at the 2023 AGMS in accordance with
2. Komite Nominasi dan Remunerasi telah melakukan                                      applicable regulations;
   evaluasi dan memberikan rekomendasi terkait                                     2. The Nomination and Remuneration Committee has
   penyusunan Key Performance Indicator Perusahaan                                     evaluated and provided recommendations regarding the
   tahun 2023 sesuai dengan ketentuan yang berlaku serta                               preparation of the Company's Key Performance Indicators
   rencana jangka panjang Perusahaan;                                                  for 2023 in accordance with applicable regulations and
3. Komite Nominasi dan Remunerasi telah melakukan                                      the Company's long-term plans;
   evaluasi dan memberikan rekomendasi terhadap Dewan                              3. The Nomination and Remuneration Committee has
   Komisaris terkait usulan tantiem dan penyesuaian                                    evaluated and provided recommendations to the Board
   remunerasi Direksi dan Dewan Komisaris pada                                         of Commissioners regarding the proposed tantiem
   tahun 2022;                                                                         and adjustments to the remuneration of the Board of
4. Komite Nominasi dan Remunerasi telah melakukan                                      Directors and Board of Commissioners in 2022;
   tinjauan dan evaluasi terhadap kebijakan remunerasi                             4. The Nomination and Remuneration Committee has
   perusahaan untuk tingkat Group Head di tahun 2023                                   reviewed and evaluated the Company's remuneration
   dan memberikan rekomendasi agar kebijakan tersebut                                  policy for Group Head level in 2023 and provided
   tetap kompetitif secara eksternal, selaras secara                                   recommendations so that the policy remains externally
   internal, memperhatikan aspek-aspek manajemen                                       competitive, internally aligned, pays attention to
   risiko perusahaan serta memenuhi semua ketentuan                                    aspects of Company risk management and meets all
   yang berlaku;                                                                       applicable regulations;




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          Performance Review         Management Report          Company Profile           Management Discussion and Analysis




  5. Komite Nominasi dan Remunerasi telah memberikan               5. The Nomination and Remuneration Committee has
      rekomendasi calon yang memenuhi syarat sebagai SVP               provided recommendations for candidates who meet the
      dan Group Head kepada Dewan Komisaris sebagai                    requirements as SVP and Group Head to the Board of
      bahan pertimbangan untuk diputuskan dalam rapat                  Commissioners for consideration to be decided at the
      Dewan Komisaris;                                                 Board of Commissioners meeting;
  6. Komite Nominasi dan Remunerasi telah melakukan                6. The Nomination and Remuneration Committee has
      tinjauan terhadap sistem penilaian kinerja Direksi               conducted a review of the applicable performance
      dan Dewan Komisaris yang berlaku dan memberikan                  appraisal system of the Board of Directors and Board of
      pandangan serta saran-saran terhadap sistem tersebut             Commissioners and provided opinions and suggestions
      dengan memperhatikan ketentuan yang berlaku, praktik             on the system taking into account applicable regulations,
      baik pada perusahaan-perusahaan terkemuka dan                    good practices in leading companies and compliance with
      pemenuhan terhadap prinsip tata kelola yang baik;                the principles of good governance;
  7. Komite Nominasi dan Remunerasi telah memberikan               7. The Nomination and Remuneration Committee
      rekomendasi mengenai program pengembangan                        has provided recommendations regarding the
      kemampuan anggota Direksi dan/atau anggota                       capacity development program for members of the
      Dewan Komisaris;                                                 Board of Directors and/or members of the Board
  8. Komite Nominasi dan Remunerasi telah melakukan                    of Commissioners;
      kegiatan monitoring dan evaluasi terhadap implementasi       8. The Nomination and Remuneration Committee has
      sistem pengelolaan SDM secara umum dan integrasi                 carried out monitoring and evaluation activities on the
      antara sistem tersebut dengan sistem-sistem lainnya;             implementation of the HR management system in general
  9. Komite Nominasi dan Remunerasi telah melakukan                    and integration between the system and other systems;
      monitoring dan evaluasi terhadap program perencanaan         9. The Nomination and Remuneration Committee has
      suksesi yang menjadi bagian tak terpisahkan dari sistem          monitored and evaluated the succession planning
      manajemen talenta yang dikembangkan oleh Perusahaan;             program which is an integral part of the talent
  10. Komite Nominasi dan Remunerasi telah melakukan                   management system developed by the Company;
      tinjauan terhadap usulan perubahan struktur                  10. The Nomination and Remuneration Committee has
      organisasi dan menyampaikan hasilnya sebagai                     reviewed the proposed changes to the organizational
      bahan pertimbangan untuk diputuskan dalam rapat                  structure and submitted the results as material
      Dewan Komisaris.                                                 for consideration to be decided at the Board of
                                                                       Commissioners meeting.




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




    4.C.
Komite Pemantau Risiko
Risk Monitoring Committee



Dasar pembentukan Komite Pemantau Risiko untuk                                  In order to support the effectiveness of the implementation
mendukung efektivitas pelaksanaan tugas dan tanggung                            of its duties and responsibilities in accordance with
jawab, Dewan Komisaris mengacu pada POJK No. 73/                                POJK No. 73/POJK.05/2016 concerning Good Corporate
POJK.05/2016 Tentang Tata Kelola Perusahaan yang Baik                           Governance for Insurance Companies, Tugu Insurance
bagi Perusahaan Perasuransian. Komite Pemantau Risiko                           Board of Commissioners has established Risk Monitoring
bertugas membantu Dewan Komisaris dalam memantau                                Committee. The Risk Monitoring Committee has the duty
pelaksanaan manajemen risiko yang disusun oleh Direksi,                         to assisting the Board of Commissioners in monitoring
menilai toleransi risiko yang dapat diambil oleh perusahaan,                    the implementation of risk management prepared by the
serta mengawasi kebijakan atas pengelolaan risiko,                              Board of Directors, as well as assessing the risk tolerance
khususnya usaha dan strategi yang dilakukan Direksi,                            that can be taken by the Company, and monitoring the
mencakup identifikasi, analisis, penilaian dan mitigasi risiko.                 risk management policies, specifically the business and
                                                                                strategies undertaken by the Board of Directors, including
                                                                                identification, analysis, assessment and mitigation of risks.

Piagam Komite Pemantau Risiko
Risk Monitoring Committee Charter

Dalam menjalankan fungsinya membantu Dewan Komisaris                            In carrying out its function of assisting the Board of
untuk mewujudkan sistem dan pelaksanaan pengawasan                              Commissioners to create a competent and independent
yang kompeten dan independen di Perseroan, Komite                               supervisory system and implementation in the Company,
Pemantau Risiko berpedoman pada Piagam sebagai Tata                             the Risk Monitoring Committee is guided by the Charter as
Kerja Komite Pemantau Risiko. Piagam Komite Pemantau                            the Working Procedure of the Risk Monitoring Committee.
Risiko merupakan salah satu dokumen Soft Structure Tata                         The Risk Monitoring Committee Charter is one of Tugu
Kelola Tugu Insurance dan disusun dengan mengacu pada                           Insurance's Soft Structure Governance documents and is
peraturan perundang-undangan yang terkait.                                      prepared with reference to related laws and regulations.

Piagam Komite Pemantau Risiko mengatur tentang                                  The Risk Monitoring Committee Charter regulates
pembentukan, organisasi dan masa kerja, tugas, tanggung                         the formation, organization and term of office, duties,
jawab dan wewenang, tata cara dan prosedur kerja serta                          responsibilities and authority, work procedures, as well as
mekanisme pelaporan Komite Pemantau Risiko. Piagam                              the reporting mechanism of the Risk Monitoring Committee.
Komite Pemantau Risiko pertama kali disahkan oleh Dewan                         The Risk Monitoring Committee Charter was first approved
Komisaris pada Desember 2012 dengan pemutakhiran                                by the Board of Commissioners in December 2012 with the
terakhir disahkan pada 4 Oktober tahun 2022.                                    latest update being ratified on 4 October 2022.


Susunan, Dasar Pengangkatan, dan Masa Jabatan
Composition, Basis of Appointment, and Term of Office

Anggota Komite Pemantau Risiko terdiri dari sekurang-                           Composition of the Risk Monitoring Committee consists
kurangnya 3 (tiga) orang yang terdiri atas 1 (satu) orang                       of at least 3 (three) members, 1 (one) of which leads the
ketua merangkap sebagai anggota yang merupakan                                  committee while concurrently serving as an Independent
Komisaris Independen, 1 (satu) orang anggota yang memiliki                      Commissioner, 1 (one) member with expertise in risk
keahlian di bidang manajemen risiko dan/atau aktuaria,                          management and/or actuarial, and 1 (one) member with
dan 1 (satu) orang anggota yang memiliki keahlian di bidang                     expertise in finance, economy, and/or insurance.
keuangan, ekonomi, dan/atau perasuransian.




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           Performance Review            Management Report                     Company Profile                    Management Discussion and Analysis




  Susunan keanggotaan Komite Pemantau Risiko Tugu                                 The following table presents the composition of the
  Insurance per 31 Desember 2023 dapat dilihat                                    Tugu Insurance Risk Monitoring Committee as of 31
  sebagai berikut:                                                                December 2023:


                 Nama                      Jabatan                           Dasar Pengangkatan                             Periode Masa Jabatan
                 Name                      Position                          Basis of Appointment                                   Period
      Dian Masyita               Ketua                            Surat Keputusan Dewan Komisaris                  8 November 2022 s.d. 31 Desember
                                 Chairman                         No. 10/SKK-ATPI/XI/2022 tanggal 8                2023.
                                                                  November 2022 tentang Perubahan                  8 November 2022 until 31 December
                                                                  Susunan Anggota Komite Pemantau Risiko           2023.
      Aria Farah Mita            Anggota                          PT Asuransi Tugu Pratama Indonesia Tbk.          1 Januari 2021 s.d. 31 Desember 2023.
                                 Member                           The Board of Commissioners Decision              1 January 2021 until 31 December 2023.
                                                                  Letter No. 10/SKK-ATPI/XI/2022 dated
      Igor Manindjo              Anggota                          8 November 2022 on the Changes in
                                 Member                           the Composition of the Risk Monitoring
                                                                  Committee of PT Asuransi Tugu Pratama
                                                                  Indonesia Tbk.


  Profil Komite Pemantau Risiko
  Risk Monitoring Committee Profile


                        Nama                                  Jabatan
      No
                        Names                                 Position
      1      Dian Masyita            Ketua Komite Pemantau Risiko                                      Profil lengkap Ibu Dian Masyita dapat dilihat pada
                                     Chairperson of Risk Monitoring Committee                          profile Dewan Komisaris pada Laporan Tahunan ini.
                                                                                                       The profile of Ms. Dian Masyita can be found in the
                                                                                                       Board of Commissioners profile in this Annual Report.




                                                       Aria Farah Mita
                                                       Anggota Komite Pemantau Risiko | Member of Risk Monitoring Committee

                                                       Periode Jabatan | Period
                                                       1 Januari 2021-31 Desember 2023 | 1 January 2021-31 Desember 2023
                                                       Kewarganegaraan              Indonesia
                                                       Citizenship
                                                       Tempat, Tanggal Lahir        Jakarta, 2 Maret 1978
                                                       Date and Place of Birth      Jakarta, 2 March 1978
                                                       Usia                         45 tahun
                                                       Age                          45 years old
                                                       Domisili                     Depok, Jawa Barat
                                                       Domicile                     Depok, West Java


      Pendidikan dan Pelatihan   •   Doktor (S3) Akuntansi (2015).                                 •     Doctoral in Accounting (2015).
      Education and Training     •   Magister (S2) Sains Manajemen di Universitas                  •     Masters in Management Science from the University
                                     Indonesia (2009).                                                   of Indonesia (2009).
                                 •   Sarjana (S1) Ekonomi di Universitas Indonesia                 •     Bachelor in Economics from the University of
                                     (1999).                                                             Indonesia (1999).
                                 •   Gelar sertifikasi yang dimiliki adalah Certified Public       •     Certified with Certified Public Accountant (CPA),
                                     Accountant (CPA), Chartered Accountant (CA),                        Chartered Accountant (CA), Certification in Audit
                                     Certification in Audit Committee Practises (CACP),                  Committee Practices (CACP), Qualified Risk
                                     Qualified Risk Governance Professional (QRGP), dan                  Governance Professional (QRGP), and CERG (Certified
                                     CERG (Certified in Enterprise Risk Governance).                     in Enterprise Risk Governance).




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     Corporate Governance                    Corporate Social Responsibility                       Audited Report




 Riwayat Pekerjaan            •    Pengurus di organisasi profesi akuntan Institut             •    A member of the Indonesian Institute of Certified
 Work Experience                   Akuntan Publik Indonesia (IAPI) dan Ikatan Akuntan               Public Accountants (IAPI) and the Indonesian Institute
                                   Indonesia (IAI) (2020-sekarang).                                 of Accountants (IAI) (2020-present).
                              •    Auditor di Ernst & Young (1999-2001) dan RSM                •    Served as an auditor at Ernst & Young (1999-2001)
                                   Indonesia (2010-2011 dan 2016-2020).                             and at RSM Indonesia (2016-2020).
                              •    Penulis artikel ilmiah, buku dan melakukan                  •    Writer of scientific articles, books and conducts
                                   riset di bidang standar akuntansi internasional,                 research in international accounting standards,
                                   akuntansi keuangan serta corporate governance                    financial accounting and corporate governance
                                   (2010-sekarang).                                                 (2010-present).
                              •    Peneliti dan konsultan pada Bank Indonesia, USAID,          •    Researcher and consultant for Bank Indonesia,
                                   GIZ dan Pusat Pengembangan Akuntansi, Universitas                USAID, GIZ and Center for Accounting Development,
                                   Indonesia (2010-sekarang).                                       University of Indonesia (2010-present).
                              •    Anggota Komite Audit di Bank Jabar Banten (2010-            •    A member of the Audit Committee at Bank Jabar
                                   2011).                                                           Banten (2010-2011).
                              •    Asisten Direktur Keuangan Universitas Indonesia             •    Assistant Director of Finance at the University of
                                   (2009).                                                          Indonesia (2009).
                              •    Asesor Corporate Governance Scorecard di                    •    Corporate Governance Scorecard assessor at the
                                   Indonesian Institute of Corporate Directorship (IICD)            Indonesian Institute of Corporate Directorship (IICD)
                                   (2008-2011).                                                     (2008-2011).
 Rangkap Jabatan              Staf pengajar tetap di Departemen Akuntansi                      She is currently serving as a permanent lecturer at the
 Concurrent Position          Fakultas Ekonomi dan Bisnis Universitas Indonesia                Department of Accounting, Faculty of Economics and
                              (2001-sekarang).                                                 Business, University of Indonesia (2001-present).
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi dengan anggota Dewan            Has no affiliation with members of the Board of
 Affiliation Relation         Komisaris, Direksi dan Pemegang Saham Utama/                     Commissioners, Board of Directors, and Majority/
                              Pengendali.                                                      Controlling Shareholders.




                                                     Igor Manindjo
                                                     Anggota Komite Pemantau Risiko | Member of Risk Monitoring Committee

                                                     Periode Jabatan | Period
                                                     1 Januari 2021-31 Desember 2023 | 1 January 2021-31 Desember 2023
                                                     Kewarganegaraan            Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir      Jakarta, 2 Januari 1962
                                                     Date and Place of Birth    Jakarta, 2 January 1962
                                                     Usia                       61 tahun
                                                     Age                        61 years old
                                                     Domisili                   Jakarta Barat
                                                     Domicile                   West Jakarta


 Pendidikan dan Pelatihan     •    Master of Commerce in Management Planning                   •    Master of Commerce in Management Planning
 Education and Training            Control Systems di The University of Wollongong, New             Control Systems, The University of Wollongong, New
                                   South Wales, Australia (1995).                                   South Wales, Australia (1995).
                              •    Sekolah Tinggi Akuntansi Negara (1984).                     •    Indonesian College of Accountancy (1984).
 Riwayat Pekerjaan            •    Anggota Komite Audit di PT Taspen Property (2019-           •    Member of Audit Committee at PT Taspen Property
 Work Experience                   2021).                                                           (2019-2021).
                              •    Komisaris Independen di PT Island Concepts                  •    Independent Commissioner at PT Island Concepts
                                   Indonesia Tbk (2014-2017).                                       Indonesia Tbk (2014-2017).
                              •    Jabatan terakhir sebagai Direktur Akademik di               •    Academic Director at the Internal Audit Education
                                   Yayasan Pendidikan Internal Audit (2012-2018).                   Foundation (2012-2018).
                              •    Anggota Komite Audit di Asabri (2010-2014).                 •    Member of the Audit Committee at Asabri (2012-
                              •    Anggota Komite Audit di PT Perhutani (2004-2008).                2018).
                              •    Auditor Pemerintah di Badan Pengawasan Keuangan             •    Member of the Audit Committee at PT Perhutani
                                   dan Pembangunan BPKP (1984-2003).                                (2004-2008).
                                                                                               •    Government Auditor at the Financial and
                                                                                                    Development Supervisory Agency BPKP (1984-2003).




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          Performance Review             Management Report                 Company Profile                  Management Discussion and Analysis




      Rangkap Jabatan            •   Anggota Komite Audit di PT Jakarta Propertindo            •   Member of the Audit Committee at PT Jakarta
      Concurrent Position            (2020-sekarang).                                              Propertindo (2020-present).
                                 •   Chief Executive Lembaga Sertifikasi Profesi – Praktik     •   Chief Executive of the Professional Certification
                                     Audit Internal di Yayasan Pendidikan Internal Audit           Institute – Internal Audit Practices at the Internal
                                     (2018-sekarang).                                              Audit Education Foundation (2018-present).
      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan anggota Dewan         Has no affiliation with members of the Board of
      Affiliation Relation       Komisaris, Direksi dan Pemegang Saham Utama/                  Commissioners, Board of Directors and Majority/
                                 Pengendali.                                                   Controlling Shareholders.



  Independensi Komite Pemantau Risiko
  Independence of the Risk Monitoring Committee

  Untuk menjaga independensinya, Komite Pemantau Risiko                        To maintain its independence, the Risk Monitoring
  diketuai oleh Dian Masyita sebagai Presiden Komisaris/                       Committee is chaired by Dian Masyita as a President
  Komisaris Independen yang tidak memiliki hubungan afiliasi                   Commissioner/Independent Commissioner who has no
  dengan Dewan Komisaris, Direksi, dan Pemegang Saham                          affiliation with the Company’s Board of Commissioners,
  Utama/Pengendali Perseroan.                                                  Board of Directors, and Principal/Controlling Shareholders.

  Seluruh anggota Komite Pemantau Risiko yang berasal                          All members of the Risk Monitoring Committee who come
  dari pihak independen tidak memiliki hubungan keuangan,                      from independent parties have no financial, management,
  kepengurusan, kepemilikan saham dan/atau hubungan                            share ownership and/or family relationship with the Board
  keluarga dengan Dewan Komisaris, Direksi dan/atau                            of Commissioners, Board of Directors and/or Majority/
  Pemegang Saham Utama/Pengendali atau hubungan dengan                         Controlling Shareholders or relationship with the Company,
  Perseroan, yang dapat mempengaruhi kemampuannya                              which may affect their ability to act independently.
  bertindak independen.

  Tabel Hubungan Keluarga dan Hubungan Keuangan Komite Pemantau Risiko
  Table of the Risk Monitoring Committee’s Familial and Financial Relationships
                                                  Hubungan Keluarga                                             Hubungan Keuangan
                                                  Familial Relationship                                         Financial Relationship
              Keterangan
                                    Dewan                                                         Dewan
               Description                               Direksi            Pemegang                                    Direksi             Pemegang
                                   Komisaris                                                     Komisaris
                                                         Board of            Saham                                      Board of             Saham
                                    Board of                                                      Board of
                                                         Directors         Shareholders                                 Directors          Shareholders
                                 Commissioners                                                 Commissioners
      Dian Masyita

      Aria Farah Mita

      Igor Manindjo




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Tabel Independensi Komite Pemantau Risiko
Independence of Risk Monitoring Committee Members
                              Aspek Independensi
                                                                                        Dian Masyita        Aria Farah Mita   Aria Farah Mita
                              Independence Aspect
 Tidak memiliki hubungan keuangan dengan Dewan Komisaris, Direksi, dan/atau
 sesama anggota Komite Pemantau Risiko.
 Does not have a financial relationship with the Board of Commissioners, Board
 of Directors, and/or fellow members of the Risk Monitoring Committee.
 Tidak memiliki hubungan kepengurusan di Tugu Insurance dan perusahaan anak.
 Does not have a management relationship with Tugu Insurance and its
 subsidiaries.
 Tidak memiliki hubungan kepemilikan saham di Tugu Insurance.
 Does not have a share ownership relationship in Tugu Insurance.
 Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/atau
 sesama anggota Komite Pemantau Risiko.
 Does not have a family relationship with the Board of Commissioners, Board of
 Directors, and/or fellow members of the Risk Monitoring Committee.
 Tidak menjabat sebagai pengurus partai politik, pejabat pemerintah daerah.
 Does not serve as a political party administrator, local government official.


Tugas dan Tanggung Jawab Komite Pemantau Risiko
Risk Monitoring Committee Duties and Responsibilities

Komite Pemantau Risiko bertugas untuk membantu Dewan                             The Risk Monitoring Committee is tasked with assisting the
Komisaris dalam memantau pelaksanaan manajemen risiko                            Board of Commissioners in monitoring the implementation
yang disusun oleh Direksi serta menilai toleransi risiko yang                    of risk management prepared by the Board of Directors
dapat diambil oleh Perusahaan. Tugas dan tanggung jawab                          and assessing the risk tolerance that can be taken by the
Komite Pemantau Risiko Tugu Insurance antara lain meliputi:                      Company. The duties and responsibilities of Tugu Insurance
                                                                                 Risk Monitoring Committee include the following:

1. Pelaksanaan Bidang Pemantauan Risiko.                                         1. Implementation of Risk Monitoring.
   a. Manajemen Risiko.                                                             a. Risk management.
       - Mengawasi agar keberadaan kebijakan                                           - Oversee that the existence of risk management
          manajemen risiko yang disusun oleh Direksi,                                      policies prepared by the Board of Directors,
          termasuk toleransi yang diambil telah memadai                                    including the tolerances taken are adequate and
          dan sesuai dengan kebutuhan Perseroan;                                           in accordance with the needs of the Company;
       - Mengawasi pengelolaan risiko di Perseroan,                                    - Oversee risk management in the Company,
          khususnya usaha dan strategi yang dilakukan                                      particularly the business and strategies
          Direksi. Pengawasan tersebut mencakup proses                                     undertaken by the Board of Directors. The
          identifikasi, analisis, penilaian dan mitigasi risiko                            supervision includes the process of identifying,
          agar dilaksanakan sesuai dengan kebijakan                                        analyzing, assessing, and mitigating risks to be
          yang berlaku;                                                                    carried out in accordance with applicable policies;
       - Mengawasi agar pelaporan risiko telah                                         - Oversee that risk reports have been submitted
          disampaikan kepada Komisaris sesuai dengan                                       to the Commissioners in accordance with the
          ketentuan dan kebutuhan Komisaris.                                               provisions and needs of the Commissioners.
   b. Hubungan dengan Komite lain dan Manajemen.                                    b. Establish relations with other Committees and
       - Berkoordinasi dengan komite lain dalam tugasnya                               the Management.
          mengawasi dan mengevaluasi laporan keuangan;                                 - Coordinate with other committees in their duties
       - Mendapatkan akses informasi yang diperlukan                                       to supervise and evaluate financial reports;
          untuk melaksanakan tugasnya dari Manajemen;                                  - Obtain access to information needed to carry out
       - Berkoordinasi dengan Komite Audit dalam                                           their duties from Management;
          pengawasan manajemen risiko.                                                 - Coordinate with the Audit Committee in monitoring
2. Menjaga kerahasiaan dokumen, data, dan                                                  risk management.
   informasi perusahaan.                                                         2. Maintain the confidentiality of the Company’s documents,
3. Melaksanakan self-assessment pelaksanaan tugas                                   data and information.
   Komite Pemantau Risiko.                                                       3. Carry out self-assessment of the implementation of the
                                                                                    Risk Monitoring Committee duties.


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  Program Pengembangan Kompetensi Komite Pemantau Risiko
  Risk Monitoring Committee Competency Enhancement Program

  Komite Pemantau Risiko telah mengikuti program                              The competency enhancement programs participated by
  peningkatan kompetensi sepanjang tahun 2023, antara lain:                   members of the Risk Monitoring Committee throughout 2023
                                                                              are as follows:


                  Nama                  Kegiatan/Program                               Tanggal/Tempat                       Penyelenggara
                  Name                  Activities/Programs                               Date/Place                          Organizer
      Dian Masyita               Informasi peningkatan kompetensi/pelatihan Ibu Dian Masyita dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Dewan Komisaris pada bab tata kelola ini.
                                 Information on competency enhancement/training of Ms. Dian Masyita can be found in the information on
                                 competency enhancement/training for members of the Board of Commissioners in this governance chapter.
      Aria Farah Mita            E-learning dan Ujian Qualified Risk       17-12 Agustus 2023/Virtual Zoom.          Lembaga Sertifikasi Profesi
                                 Governance Professional (QRGP).           17-12 August 2023/Virtual Zoom.           Mitra Kalyana Sejahtera (LSP
                                 E-learning and Qualified Risk                                                       MKS).
                                 Governance Professional Exam                                                        Mitra Kalyana Sejahtera
                                 (QRGP).                                                                             Professional Certification
                                                                                                                     Institute (LSP MKS).
                                 GAP Analysis IFRS S1 and S2.              19 Agustus 2023/Virtual Zoom.             Forum Akuntan Manajemen.
                                                                           19 August 2023/Virtual Zoom.              Management Accountant
                                                                                                                     Forum.
                                 Optimizing Business Continuity            27 September 2023/Virtual Zoom.           Indonesia Risk Management
                                 Strategy to Achieve Sustainable                                                     Professional Association
                                 Objectives.                                                                         (IRMAPA).
                                 Sosialisasi POJK Anti Pencucian           12 Desember 2023/Virtual Zoom.            Tugu Institute.
                                 Uang, Pencegahan Pendanaan                12 December 2023/Virtual Zoom.
                                 Terorisme, dan Pencegahan
                                 Pendanaan Proliferasi Senjata
                                 Pemusnah Massal (APU, PPT, dan
                                 PPPSPM).
                                 Dissemination of POJK Anti-Money
                                 Laundering, Prevention of Terrorism
                                 Financing, and Prevention of
                                 Funding for the Proliferation of
                                 Weapons of Mass Destruction (APU,
                                 PPT, and PPPSPM).
      Igor Manindjo              Webinar Risk Management Forum             16 Maret 2023/Virtual Zoom.               Forum Pertamina.
                                 Pertamina Across the Group 2023.          16 March 2023/Virtual Zoom.
                                 Peran Akuntansi Forensik Dalam            20 Mei 2023/Virtual Zoom.                 Institut Akuntan Manajemen
                                 Audit Investigasi/Audit Forensik.         20 May 2023/Virtual Zoom.                 Indonesia (IAMI).
                                 The Role of Forensic Accounting in                                                  Indonesian Institute of
                                 Investigative Audits/Forensic Audits.                                               Management Accountants
                                                                                                                     (IAMI).
                                 GAP Analysis IFRS S1 and S2.              19 Agustus 2023/Virtual Zoom.             Forum Akuntan Manajemen.
                                                                           19 August 2023/Virtual Zoom.              Management Accountant
                                                                                                                     Forum.
                                 Optimizing Business Continuity            27 September 2023/Virtual Zoom.           Indonesia Risk Management
                                 Strategy to Achieve Sustainable                                                     Professional Association
                                 Objectives.                                                                         (IRMAPA).
                                 Mengawal Keberlanjutan dan                19 Oktober 2023/Ballroom Puri Agung,      Ikatan Komite Audit Indonesia
                                 Pertumbuhan Perseroan melalui             Hotel Sahid Jaya.                         (IKAI).
                                 Pengawasan dan Pengendalian               19 October 2023/Ballroom Puri Agung,      Indonesian Audit Committee
                                 Risiko.                                   Hotel Sahid Jaya.                         Association (IKAI).
                                 Overseeing the Company's
                                 Sustainability and Growth through
                                 Supervision and Risk Control.




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             Nama                            Kegiatan/Program                          Tanggal/Tempat                     Penyelenggara
             Name                            Activities/Programs                          Date/Place                        Organizer
                                  Sosialisasi POJK Anti Pencucian          12 Desember 2023/Virtual Zoom.          Tugu Institute.
                                  Uang, Pencegahan Pendanaan               12 December 2023/Virtual Zoom.
                                  Terorisme, dan Pencegahan
                                  Pendanaan Proliferasi Senjata
                                  Pemusnah Massal (APU, PPT, dan
                                  PPPSPM).
                                  Dissemination of POJK Anti-Money
                                  Laundering, Prevention of Terrorism
                                  Financing, and Prevention of
                                  Funding for the Proliferation of
                                  Weapons of Mass Destruction (APU,
                                  PPT, and PPPSPM).



Rapat dan Tingkat Kehadiran Komite Pemantau Risiko
Risk Monitoring Committee Meeting and Attendance Rate

Sepanjang tahun 2023, Komite Pemantau Risiko telah                               Throughout 2023, the Risk Monitoring Committee held
melaksanakan 13 (tiga belas) kali rapat termasuk rapat                           13 (thirteen) meetings, including joint meetings with the
gabungan antara Komite Pemantau Risiko dengan Komite                             Risk Monitoring Committee, the Audit Committee, and the
Nominasi dan Remunerasi dan Komite Audit, dan rapat                              Nomination and Remuneration Committee, and meetings
dengan manajemen, sebagian dari rapat-rapat ini dilakukan                        with management, some meetings are held online through
secara online melalui Microsoft Teams (MTeams).                                  Microsoft Teams (MTeams).


                 Nama                             Jumlah Rapat                        Jumlah Kehadiran              Tingkat Kehadiran (%)
                 Name                              Total Meeting                       Total Attendance                Attendance Rate
 Dian Masyita                                           13                                     13                              100%
 Aria Farah Mita                                        13                                     13                              100%
 Igor Manindjo                                          13                                     11                              85%




Laporan Pelaksanaan Tugas Komite Pemantau Risiko Tahun 2023
Report on Implementation of Duties of Risk Monitoring Committee in 2023

Per 31 Desember 2023, Komite Pemantau Risiko telah                               As of 31 December 2023, the Risk Monitoring Committee
melaksanakan tugas seperti:                                                      has carried out its duties as follows:
1. Melakukan pengawasan atas pelaksanaan Enterprise                              1. Supervise the implementation of Enterprise Risk
    Risk Management (ERM) dengan pemantauan secara                                  Management (ERM) by routinely and periodically
    rutin dan berkala dengan divisi ERM, termasuk                                   monitoring the ERM division, including supervising the
    pengawasan terhadap fungsi manajemen risiko                                     integrated risk management function with subsidiaries;
    terintegrasi dengan anak perusahaan;                                         2. Supervise credit risk management of receivables, and
2. Melakukan pengawasan atas manajemen risiko kredit                                the risk of decline in the value of investments and
    atas piutang, dan risiko penurunan nilai investasi dan                          investment properties;
    properti investasi;                                                          3. Supervise the Company's investment policies and
3. Melakukan pengawasan atas kebijakan dan pelaksanaan                              implementation, including policies regarding investment
    investasi perusahaan, termasuk kebijakan tentang                                in subsidiaries;
    investasi di anak perusahaan;                                                4. Carry out intensive supervision of risks in the Company's
4. Melakukan pengawasan yang intensif atas risiko-risiko                            business processes, especially aspects of IT support and
    dalam proses bisnis perusahaan, terutama aspek                                  retail business progress;
    dukungan IT dan progres bisnis ritel;                                        5. Supervise the implementation of all aspects of the
5. Melakukan pengawasan atas pelaksanaan seluruh                                    Company's compliance with regulations, such as
    aspek kepatuhan Perseroan terhadap regulasi, seperti                            monitoring Integrated Governance, as well as compliance
    pemantauan Tata Kelola Terintegrasi, serta kepatuhan                            with the submission of reports required by the regulator
    atas penyampaian laporan-laporan yang disyaratkan oleh                          (OJK);
    regulator (OJK);


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  6. Melakukan pengawasan terkait kewajiban Perseroan              6. Supervise the Company's obligations in compiling a
      dalam menyusun Laporan Keberlanjutan yang disyaratkan            Sustainability Report as required by POJK No. 51/
      oleh POJK No. 51/POJK.03/2017 tentang Penerapan                  POJK.03/2017 concerning the Implementation of
      Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan,               Sustainable Finance for Financial Services Institutions,
      Emiten, dan Perusahaan Publik;                                   Issuers and Public Companies;
  7. Bersama dengan Komite Dewan Komisaris yang lain               7. Together with other Committees of the Board of
      melakukan pengawasan terhadap kinerja Perseroan                  Commissioners, supervise the Company's performance
      secara bulanan;                                                  on a monthly basis;
  8. Bersama dengan Komite Dewan Komisaris yang                    8. Together with other Board of Commissioners'
      lain mengawasi proses penyusunan RKAP dan                        Committees, supervise the process of preparing the
      RJPP Perseroan;                                                  Company's RKAP and RJPP;
  9. Bersama dengan Komite Audit melakukan pengawasan              9. Together with the Audit Committee, supervise the
      atas kesiapan perusahaan dalam menerapkan PSAK                   Company's readiness to implement PSAK 117 concerning
      117 tentang Kontrak Asuransi yang berdampak signifikan           Insurance Contracts which has a significant impact on
      pada Perseroan dan secara luas ke industri asuransi;             the Company and broadly to the insurance industry;
  10. Melakukan pengembangan kapasitas Komite Pemantau             10. Develop the capacity of the Risk Monitoring Committee
      Risiko melalui pelatihan, seminar, dan sharing session.          through training, seminars and sharing sessions.




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    4.D.
Sekretaris Dewan Komisaris
Secretary of The Board of Commissioners



Sekretaris Dewan Komisaris merupakan salah satu organ                           The Secretary of the Board of Commissioners is one of the
pendukung yang membantu dan memfasilitasi Dewan                                 supporting organs that assists and facilitates the Board of
Komisaris dalam menjalankan tugas dan fungsi pengawasan                         Commissioners in carrying out their supervisory duties and
khususnya di bidang kesekretariatan dan penghubung Dewan                        functions, especially in the secretarial and liaising between
Komisaris dengan pihak lain, termasuk Direksi.                                  the Board of Commissioners and other parties, including the
                                                                                Board of Directors.

Profil Sekretaris Dewan Komisaris
Profile of the Secretary of the Board of Commissioners

Per 31 Desember 2023, Sekretaris Dewan Komisaris adalah                         The Secretary of the Board of Commissioners as of 31
Ulum Tri Handayani, yang diangkat berdasarkan Surat                             December 2023 is Ulum Tri Handayani, appointed based on
Keputusan Dewan Komisaris No. 09/SKK-ATPI/XII/2020                              the Board of Commissioners’ Decision Letter No. 09/SKK-
tanggal 30 Desember 2020.                                                       ATPI/XII/2020 dated 30 December 2020.




                                                     Ulum Tri Handayani
                                                     Sekretaris Dewan Komisaris | Secretary of The Board of Commissioners

                                                     Periode Jabatan | Period
                                                     1 Januari 2021-31 Desember 2023 | 1 January 2021-31 Desember 2023
                                                     Kewarganegaraan             Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir       Kediri, 28 Januari 1988
                                                     Date and Place of Birth     Kediri, 28 January 1988
                                                     Usia                        35 tahun
                                                     Age                         35 years old
                                                     Domisili                    Jakarta Barat
                                                     Domicile                    West Jakarta


 Riwayat Penunjukan               Surat Keputusan Dewan Komisaris N0. 09/SKK-ATPI/               Board of Commissioners Decree N0. 09/SKK-ATPI/
 Appointment History              XII/2020 tanggal 30 Desember 2023.                             XII/2020 dated 30 December 2023.
 Pendidikan dan Pelatihan         •      Master di bidang Ilmu Akuntansi dari Universitas        •   Master in Accounting from the University of
 Education and Training                  Indonesia, lulus tahun 2015.                                Indonesia, graduated in 2015.
                                  •      Sarjana Ekonomi, Jurusan Akuntansi dari                 •   Bachelor of Economics, majoring in Accounting
                                         Universitas Brawijaya, lulus tahun 2011.                    from Brawijaya University, graduated in 2011.
 Riwayat Pekerjaan                Accounting Staff, PT Ground Risk Management (2012-             Accounting Staff, PT Ground Risk Management (2012-
 Work Experience                  2013).                                                         2013).
 Rangkap Jabatan                  Tidak memiliki rangkap jabatan di Tugu Insurance               Do not hold concurrent positions at Tugu Insurance or
 Concurrent Position              maupun perusahaan/lembaga lain.                                other companies/institutions.
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan          Has no affiliation with members of the Board of
 Affiliation Relation             Komisaris, Direksi dan Pemegang Saham Utama/                   Commissioners, Board of Directors and Majority/
                                  Pengendali.                                                    Controlling Shareholders.




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  Tugas dan Tanggung Jawab Sekretaris Dewan Komisaris
  Secretary of the Board of Commissioners’ Duties and Responsibilities

  Sekretaris Dewan Komisaris membantu Dewan Komisaris di                         The Secretary of the Board of Commissioners assists the
  bidang kegiatan kesekretariatan, meliputi:                                     Board of Commissioners in secretarial activities, including:
  1. Pelaksanaan peran sebagai penghubung antara Dewan                           1. Performing the role as a liaison between the Board
     Komisaris dengan Direksi dan Pemegang Saham;                                   of Commissioners with the Board of Directors
  2. Penyiapan undangan rapat dan penyiapan bahan rapat                             and Shareholders;
     Dewan Komisaris;                                                            2. Preparation of meeting invitations and materials for
  3. Pendokumentasian surat;                                                        Board of Commissioners meetings;
  4. Penyusunan notulen rapat;                                                   3. Documentation of correspondences;
  5. Pengumpulan data atau informasi yang relevan dengan                         4. Preparation of minutes of meetings;
     pelaksanaan tugas Dewan Komisaris.                                          5. Collection of the data or information relevant to
                                                                                    implementing the Board of Commissioners’ duties.


  Program Pengembangan Kompetensi Sekretaris Dewan Komisaris
  Secretary of the Board of Commissioners Competency Enhancement Program


  Sekretaris Dewan Komisaris telah mengikuti program                             Throughout 2023, the Secretary of the Board of
  peningkatan kompetensi sepanjang tahun 2023, antara lain:                      Commissioners participated in the following competence
                                                                                 enhancement programs:


                Nama                     Kegiatan/Program                           Tanggal/tempat                           Penyelenggara
                Name                     Activities/Programs                           Date/Place                              Organizer
      Ulum Tri Handayani         Kick Off Meeting Tantangan dan             3 Maret 2023/Virtual Zoom.             Indonesia Risk Management
                                 Peluang Profesi Manajemen Risiko           3 March 2023/Virtual Zoom.             Professional Association (IRMAPA).
                                 dalam Pencapaian Tujuan Keuangan
                                 Berkelanjutan.

                                 Kick Off Meeting Challenges
                                 and Opportunities for the Risk
                                 Management Profession in Achieving
                                 Sustainable Financial Goals.
                                 Certifiaction in Audit Committee           19-21 September 2023/Ballroom          Ikatan Komite Audit Indonesia (IKAI).
                                 Practices.                                 Pullman Hotel Thamrin CBD.             Indonesian Audit Committee
                                                                                                                   Association (IKAI).
                                 Mengawal Keberlanjutan dan                 19 Oktober 2023/Ballroom Puri          Ikatan Komite Audit Indonesia (IKAI).
                                 Pertumbuhan Perseroan melalui              Agung, Hotel Sahid Jaya.               Indonesian Audit Committee
                                 Pengawasan dan Pengendalian                19 October 2023/Ballroom Puri          Association (IKAI).
                                 Risiko.                                    Agung, Hotel Sahid Jaya.

                                 Overseeing the Company's
                                 Sustainability and Growth through
                                 Supervision and Risk Control.
                                 Sosialisasi POJK Anti Pencucian            12 Desember 2023/Virtual Zoom.         Tugu Institute.
                                 Uang, Pencegahan Pendanaan                 12 December 2023/Virtual Zoom.
                                 Terorisme, dan Pencegahan
                                 Pendanaan Proliferasi Senjata
                                 Pemusnah Massal (APU, PPT, dan
                                 PPPSPM).

                                 Dissemination of POJK Anti-Money
                                 Laundering, Prevention of Terrorism
                                 Financing, and Prevention of Funding
                                 for the Proliferation of Weapons of
                                 Mass Destruction (APU, PPT, and
                                 PPPSPM).




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              Komite dan Fungsi di Bawah Direksi
    5.        Committees and Functions Under the Board of Directors




    5.A.
Komite Investasi
Investment Committee



Sesuai ketentuan Peraturan OJK No. 73/POJK.05/2016                              In accordance with OJK Regulation No. 73/POJK.05/2016
Tentang Tata Kelola Perusahaan yang Baik bagi Perusahaan                        Concerning Good Corporate Governance for Insurance
Perasuransian, Tugu Insurance sebagai perusahaan                                Companies, Tugu Insurance as an insurance company is
perasuransian wajib menyusun kebijakan dan strategi                             obliged to devise written investment policies and strategies.
investasi secara tertulis, dimana ketaatan terhadap                             The compliance with these investment policies and
kebijakan dan strategi investasi tersebut dievaluasi secara                     strategies is evaluated periodically, at least 1 (one) time
berkala, paling sedikit 1 (satu) kali dalam 1 (satu) tahun.                     a year. Therefore, the Board of Directors has formed an
Oleh karena itu, Direksi telah membentuk Komite Investasi                       Investment Committee to help the Board devise investment
untuk membantu Direksi dalam merumuskan kebijakan                               policies and monitor the implementation of investment
investasi dan memantau pelaksanaan kebijakan investasi                          policies in force.
yang telah ditetapkan.


Susunan Keanggotaan, Dasar Pengangkatan, dan Masa Jabatan
Membership Composition, Basis of Appointment, and Term of Office

Sesuai dengan Ketentuan pada POJK No. 73/POJK.05/2016                           In accordance with the provisions in POJK No. 73/
tentang Tata Kelola Perusahaan yang Baik bagi Perusahaan                        POJK.05/2016 concerning Good Corporate Governance
Perasuransian, Komite Investasi paling sedikit terdiri atas:                    for Insurance Companies, the Investment Committee must
                                                                                consists of at least:
1. Anggota Direksi yang membawahi fungsi pengelolaan                            1. Member of the Board of Directors who oversees the
   investasi; dan                                                                   investment management function; and
2. Aktuaris perusahaan atau tenaga ahli perusahaan.                             2. Company actuaries or company experts.

Komite Investasi dibentuk berdasarkan Surat Keputusan                           The Investment Committee was formed based on
Direksi No. 12/SKD/05/LEC-ATPI/VIII/2023 tanggal 6                              Directors' Decree No. 12/SKD/05/LEC-ATPI/VIII/2023
September 2023 tentang Pembentukan Komite Investasi PT                          dated 6 September 2023 regarding the Establishment of
Asuransi Tugu Pratama Indonesia Tbk. Adapun komposisi                           the Investment Committee of PT Asuransi Tugu Pratama
keanggotaan Komite Investasi per 31 Desember 2023                               Indonesia Tbk. The composition of the Investment
adalah sebagai berikut:                                                         Committee membership as of 31 December 2023 is
                                                                                as follows:




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               Posisi                       Nama                                        Jabatan                           Periode Masa Jabatan
               Position                     Name                                          Title                                   Period
      Ketua                      Edi Yoga Prasetyo                 Direktur Kepatuhan & Manajemen Risiko         Efektif sejak 6 September 2023.
      Chairman                                                     Compliance & Risk Management Director         Effective since 6 September 2023
      Anggota                    Emil Hakim                        Direktur Keuangan & Layanan Korporat
      Member                                                       Finance and Corporate Services Director
                                 Sudarlin                          Direktur Teknik
                                                                   Technical Director
                                 Ismawati                          ERM & Policy Group Head
                                 M. Ivan Faizal                    Aktuaris Perusahaan
                                                                   Corporate Actuaries
                                 Kristy Damayanti                  SVP Strategic Management & Corporate
                                                                   Development


  Profil Komite Investasi
  Profile of Investment Committee Members
                          Nama                                         Jabatan
      No
                          Name                                         Position
      1      Edi Yoga Prasetyo                Direktur Kepatuhan & Manajemen Risiko                     Untuk Profil Bapak Edi Yoga Prasetyo dapat dilihat
                                              Compliance & Risk Management Director                     pada profile Direksi pada Laporan Tahunan ini.
                                                                                                        The profile of Mr. Edi Yoga Prasetyo can be found in
                                                                                                        the Directors' profile in this Annual Report.
      2      Emil Hakim                       Direktur Keuangan dan Layanan Korporat                    Untuk Profil Bapak Emil Hakim dapat dilihat pada
                                              Finance and Corporate Services Director                   profile Direksi pada Laporan Tahunan ini.
                                                                                                        The profile of Mr. Emil Hakim can be found in the
                                                                                                        Directors' profile in this Annual Report.
      3      Sudarlin                         Direktur Teknik                                           Untuk Profil Bapak Sudarlin dapat dilihat pada profile
                                              Technical Director                                        Direksi pada Laporan Tahunan ini.
                                                                                                        The profile of Mr. Sudarlin can be found in the
                                                                                                        Directors' profile in this Annual Report.




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                                                     Ismawati
                                                     Anggota Komite Investasi | Member of Investment Committee


                                                     Kewarganegaraan            Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir      Jakarta, 15 April 1975
                                                     Birthdate/Place            Jakarta, 15 April 1975
                                                     Usia                       48 tahun
                                                     Age                        48 years old
                                                     Domisili                   DKI Jakarta
                                                     Domicile


 Pendidikan dan Pelatihan         S1 Fakultas Hukum Universitas Indonesia.
 Education and Training           Bachelor Degree from Faculty of Law, University of Indonesia.
 Riwayat Pekerjaan                •      PT Asuransi Tugu Pratama Indonesia Tbk, ERM &            •   PT Asuransi Tugu Pratama Indonesia Tbk, ERM &
 Work Experience                         Policy Group Head (2018-sekarang).                           Policy Group Head (2018-present).
                                  •      PT Mandiri AXA General Insurance, Head of Legal &        •   PT Mandiri AXA General Insurance, Head of Legal &
                                         Risk Management (2014-2018).                                 Risk Management (2014-2018).
                                  •      PT Mandiri AXA General Insurance, Head of Legal,         •   PT Mandiri AXA General Insurance, Head of Legal,
                                         Compliance & Risk Management (2011-2014).                    Compliance & Risk Management (2011-2014).
                                  •      PT Asuransi Samsung Tugu, Head of Legal & Risk           •   PT Asuransi Samsung Tugu, Head of Legal & Risk
                                         Management (2001-2011).                                      Management (2001-2011).
                                  •      PT AB Sinar Mas Multifinance, Head of Legal              •   PT AB Sinar Mas Multifinance, Head of Legal
                                         (1999-2001).                                                 (1999-2001).
 Rangkap Jabatan                  •      ERM & Policy Group Head.                                 •   ERM & Policy Group Head.
 Concurrent Position              •      Sekretaris Komite Manajemen Risiko.                      •   Secretary of the Risk Management Committee.
                                  •      Anggota Komite Manajemen Risiko PT Tugu                  •   Member of the Risk Management Committee of PT
                                         Reasuransi Indonesia.                                        Tugu Reasuransi Indonesia.
                                  •      Anggota Komite Pengarah Teknologi Informasi.             •   Member of the Information Technology Steering
                                                                                                      Committee.
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan           Has no affiliation with members of the Board of
 Affiliation Relation             Komisaris, Direksi dan Pemegang Saham Utama/                    Commissioners, Directors and Major/Controlling
                                  Pengendali.                                                     Shareholders.




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                                                 M. Ivan Faizal
                                                 Anggota Komite Investasi | Member of Investment Committee


                                                 Kewarganegaraan           Indonesia
                                                 Citizenship
                                                 Tempat, Tanggal Lahir     Jakarta, 4 Juni 1980
                                                 Birthdate/Place           Jakarta. 4 June 1980
                                                 Usia                      43 Tahun
                                                 Age                       43 years old
                                                 Domisili                  Bekasi
                                                 Domicile


      Pendidikan dan Pelatihan   •   S1 Teknik Industri, Universitas Indonesia (2003).    •   Bachelor's Degree in Industrial Engineering,
      Education and Training                                                                  University of Indonesia (2003).
                                 •   S2 Manajemen Aktuaria, Universitas Indonesia         •   Master of Actuarial Management, University of
                                     (2015).                                                  Indonesia (2015).
                                 •   Fellow of The Society of Actuaries of Indonesia      •   Fellow of The Society of Actuaries of Indonesia
                                     (FSAI), Persatuan Aktuaris Indonesia (2020).             (FSAI), Indonesian Actuary Association (2020).
                                 •   Certified Risk Management Professional (CRMP),       •   Certified Risk Management Professional (CRMP),
                                     Lembaga Sertifikasi Manajemen Risiko (2015).             Risk Management Certification Institute (2015).
                                 •   Ajun Ahli Indonesia Asuransi Kerugian (AAAIK)        •   Indonesian Insurance Expert Adjunct in the General
                                     (2005).                                                  Insurance Sector (AAAIK) (2005).
      Riwayat Pekerjaan          •   Appointed Actuary, PT Asuransi Tugu Pratama          •   Appointed Actuary, PT Asuransi Tugu Pratama
      Work Experience                Indonesia Tbk (2020-sekarang).                           Indonesia Tbk (2020-present).
                                 •   Senior Underwriter, PT Asuransi Tugu Pratama         •   Senior Underwriter, PT Asuransi Tugu Pratama
                                     Indonesia Tbk (2019-2020).                               Indonesia Tbk (2019-2020).
                                 •   Underwriter, PT Asuransi Tugu Pratama Indonesia      •   Underwriter, PT Asuransi Tugu Pratama Indonesia
                                     Tbk (2017-2019).                                         Tbk (2017-2019).
                                 •   Portfolio Analyst PT Tugu Pratama Indonesia (2016-   •   Portfolio Analyst PT Tugu Pratama Indonesia (2016-
                                     2017).                                                   2017).
                                 •   Risk Analyst, PT Tugu Pratama Indonesia (2011-       •   Risk Analyst, PT Tugu Pratama Indonesia (2011-
                                     2016).                                                   2016).
                                 •   Senior Portfolio Underwriter, PT Tugu Pratama        •   Senior Portfolio Underwriter, PT Tugu Pratama
                                     Indonesia (2007-2011).                                   Indonesia (2007-2011).
                                 •   Junior Portfolio Underwriter, PT Tugu Pratama        •   Junior Portfolio Underwriter, PT Tugu Pratama
                                     Indonesia (2005-2007).                                   Indonesia (2005-2007).
                                 •   Management Trainee, PT Tugu Pratama Indonesia        •   Management Trainee, PT Tugu Pratama Indonesia
                                     (2004-2005).                                             (2004-2005).
                                 •   Lecturer Assistant, Universitas Indonesia (2002).    •   Lecturer Assistant, University of Indonesia (2002).
      Rangkap Jabatan            Tidak ada.                                               None.
      Concurrent Position
      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan anggota Dewan    Has no affiliation with members of the Board of
      Affiliation Relation       Komisaris, Direksi dan Pemegang Saham Utama/             Commissioners, Directors and Major/Controlling
                                 Pengendali.                                              Shareholders.




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                                                     Kristy Damayanti
                                                     Anggota Komite Investasi | Member of Investment Committee


                                                     Kewarganegaraan            Indonesia
                                                     Citizenship
                                                     Tempat, Tanggal Lahir      Jakarta, 25 Desember 1978
                                                     Birthdate/Place            Jakarta, 25 December 1978
                                                     Usia                       45 Tahun
                                                     Age                        45 years old
                                                     Domisili                   Jakarta Timur
                                                     Domicile                   East Jakarta



 Pendidikan dan Pelatihan                •   Ahli Manajemen Risiko Asuransi (AMRP) (2022).      •   Insurance Risk Management Expert (AMRP)
 Education and Training                  •   Ahli Asuransi Kesehatan (AKK) (2013).                  (2022).
                                         •   Ahli Asuransi Kerugian (AAIK) (2009).              •   Health Insurance Expert (AKK) (2013).
                                         •   Master in Finance & Insurance, University of       •   General Insurance Expert (2009).
                                             Florence Italy (2006).                             •   Master in Finance & Insurance, University of
                                         •   Sarjana Pertanian, Institut Pertanian Bogor            Florence Italy (2006).
                                             (2003).                                            •   Bachelor of Agriculture, Bogor Agricultural
                                                                                                    Institute (2003).
 Riwayat Pekerjaan                       •   Direktur PT Tugu Pratama Interindo                 •   Director of PT Tugu Pratama Interindo
 Work Experience                             (2023-sekarang).                                       (2023-present).
                                         •   Senior Vice President (SVP) Strategic              •   Senior Vice President (SVP) of Strategic
                                             Management & Corporate Development,                    Management & Corporate Development,
                                             PT Asuransi Tugu Pratama Indonesia Tbk                 PT Asuransi Tugu Pratama Indonesia Tbk
                                             (2023 -sekarang).                                      (2023-present).
                                         •   Group Head Strategic Planning & Management         •   Group Head of Strategic Planning & Management
                                             Accounting, PT Asuransi Tugu Pratama Indonesia         Accounting, PT Asuransi Tugu Pratama Indonesia
                                             Tbk (2016-2023).                                       Tbk (2016-2023).
                                         •   Department Head Oganization & Procedure,           •   Department Head of Organization & Procedure,
                                             PT Tugu Pratama Indonesia (2013-2016).                 PT Tugu Pratama Indonesia (2013-2016).
                                         •   Budget Performance Analyst, PT Tugu Pratama        •   Budget Performance Analyst, PT Tugu Pratama
                                             Indonesia (2008-2013).                                 Indonesia (2008-2013).
                                         •   Investment Officer, PT Tugu Pratama Indonesia      •   Investment Officer, PT Tugu Pratama Indonesia
                                             (2007-2008).                                           (2007-2008).
                                         •   Secretary of Board Commissioners, PT Tugu          •   Secretary of Board Commissioners, PT Tugu
                                             Pratama Indonesia (Maret-Desember 2006).               Pratama Indonesia (March-December 2006).
                                         •   Junior Researcher, Astrea Srl. Italy (Agustus-     •   Junior Researcher, Astrea Srl., Italy (August-
                                             Desember 2005).                                        December 2005).
                                         •   Office Manager, Indonesia–Japan Economic           •   Office Manager, Indonesia–Japan Economic
                                             Cooperation Working Team (November                     Cooperation Working Team (November
                                             2003-Desember 2004).                                   2003-December 2004).
                                         •   Assistant Researcher, Indonesia-Japan Economic     •   Assistant Researcher, Indonesia-Japan Economic
                                             Cooperation Working Team                               Cooperation Working Team
                                             (Januari-November 2003).                               (January-November 2003).
 Rangkap Jabatan                         •   SVP Strategic Management & Corporate               •   SVP of Strategic Management & Corporate
 Concurrent Position                         Development.                                           Development.
                                         •   Anggota Komite Manajemen Risiko.                   •   Member of the Risk Management Committee.
 Hubungan Afiliasi                       Tidak memiliki hubungan afiliasi dengan anggota        Has no affiliation with members of the Board of
 Affiliation Relation                    Dewan Komisaris, Direksi dan Pemegang Saham            Commissioners, Directors and Major/Controlling
                                         Utama/Pengendali.                                      Shareholders.




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  Pernyataan Independensi Komite Investasi
  Statement of Investment Committee’s Independence

  Komite Investasi bertanggung jawab langsung kepada                        The Investment Committee reports directly to the Board of
  Direksi. Dalam menjalankan fungsinya seluruh anggota                      Directors. In performing their functions, all members of the
  Komite Investasi bersifat independen serta patuh dan wajib                Investment Committee are independent and compliant and
  memenuhi ketentuan hukum serta regulasi yang berlaku.                     have to comply to the applicable laws and regulations.




  Program Peningkatan Kompetensi Komite Investasi
  Investment Committee’s Competency Enhancement Program

  Komite Investasi telah mengikuti program peningkatan                      Investment Committee members enhanced their
  kompetensi sepanjang tahun 2023, antara lain:                             competencies in 2023 by participating in the following
                                                                            competency enhancement programs:


                   Nama                 Kegiatan/Program                             Tanggal/tempat                         Penyelenggara
                   Name                 Activities/Programs                             Date/Place                            Organizer
      Edi Yoga Prasetyo          Informasi peningkatan kompetensi/pelatihan Bapak Edi Yoga Prasetyo dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Edi Yoga Prasetyo can be found in the information
                                 on increasing the competency enhancement/training of members of the Board of Directors in this governance
                                 chapter.
      Emil Hakim                 Informasi peningkatan kompetensi/pelatihan Bapak Edi Emil Hakim dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Emil Hakim can be found in the information on increasing
                                 the competency enhancement/training of members of the Board of Directors in this governance chapter.
      Sudarlin                   Informasi peningkatan kompetensi/pelatihan Bapak Sudarlin dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Sudarlin can be found in the information on increasing
                                 the competency enhancement/training of members of the Board of Directors in this governance chapter.
      Kristy Damayanti           tiLearn 039: Treaty Expose 2023         16 Januari 2023                           Tugu Institute x Reinsurance
                                                                         16 January 2023                           Group
                                 People Management Development           Jakarta, 30 Januari-1 Februari 2023       HR Excellency
                                 Program Batch 3                         Jakarta, 30 January-1 February 2023
                                 tiLearn041; Basic Safety Training       Jakarta, 24 Mei 2023                      Tugu Institute X HSSE
                                 2023                                    Jakarta, 24 May 2023
                                 tiShare 009 : Sosialisasi               Jakarta, 5 Juni 2023                      Tugu Institute X Human Capital
                                 Pengelolaan Talent dan Rencana          Jakarta, 5 June 2023                      & Services
                                 Suksesi
                                 tiShare 009: Dissemination of
                                 Talent Management and Succession
                                 Planning
                                 tiLearn 042: Implementasi SMAP          Jakarta, 8 Juni 2023                      Tugu Institute X Compliance
                                 Dalam Menunjang Kegiatan                Jakarta, 8 June 2023
                                 Operasional Perusahaan
                                 tiLearn 042: Implementation
                                 of SMAP to Support Company
                                 Operational Activities
                                 Coaching For Empowering Your Team       Jakarta, 13 September 2023                IKIGAI
                                 tilearn 047 : Right Service             Jakarta, 23 Oktober 2023                  Strategic Partnership Group
                                 Experience for The Right Customer       Jakarta, 23 October 2023
                                 CONTRACT LEASE MANAGEMENT               Jakarta, 14 November 2023                 ERP Team
                                 FINANCE & FUND MANAGEMENT               Jakarta, 23 November 2023                 ERP Team




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             Nama                            Kegiatan/Program                        Tanggal/tempat                        Penyelenggara
             Name                            Activities/Programs                        Date/Place                           Organizer
                                  tilearn 054 : APU, PPT & PPPSPM          Jakarta, 12 Desember 2023             Legal & Compliance Group
                                  di Sektor Jasa Keuangan Berbasis         Jakarta, 12 December 2023
                                  POJK No. 8 Tahun 2023"
                                  tilearn 054 : AML, CFT &
                                  Proliferation of WMD in the Financial
                                  Services Sector Based on POJK No.
                                  8 of 2023"
 Ismawati                         Risk Management Forum Pertamina          Jakarta, 16 Maret 2023                Tugu Institute X ERM & Legal
                                  Group 2023                               Jakarta, 16 March 2023                Group
                                  tiLearn041; Basic Safety Training        Jakarta, 24 Mei 2023                  Tugu Institute X HSSE
                                  2023                                     Jakarta, 24 May 2023
                                  tiShare 008 : Sosialisasi                Jakarta, 29 Mei 2023                  Tugu Institute X Human Capital
                                  Pengelolaan Talent dan Rencana           Jakarta, 29 May 2023                  & Services
                                  Suksesi
                                  tiShare 008: Dissemination of
                                  Talent Management and Succession
                                  Planning
                                  tiLearn 042: Implementasi SMAP           Jakarta, 8 Juni 2023                  Tugu Institute X Compliance
                                  Dalam Menunjang Kegiatan                 Jakarta, 8 June 2023
                                  Operasional Perusahaan
                                  tiLearn 042: Implementation
                                  of SMAP to Support Company
                                  Operational Activities
                                  tiLearn 046 : Perlindungan Data          Jakarta, 2 Agustus 2023               Tugu Institute X Legal &
                                  Pribadi di Industri Jasa Keuangan        Jakarta, 2 August 2023                Compliance
                                  Setelah Disahkannya UU PDP
                                  tiLearn 046: Protection of Personal
                                  Data in the Financial Services
                                  Industry After the Passing of the
                                  PDP Law
                                  Coaching For Empowering Your Team        Jakarta, 13 September 2023            IKIGAI
                                  tilearn 047 : Right Service              Jakarta, 23 Oktober 2023              Strategic Partnership Group
                                  Experience for The Right Customer        Jakarta, 23 October 2023
                                  tilearn 053 : Perlindungan Data          Jakarta, 21 November 2023             Legal & Compliance Group
                                  Pribadi / UU PDP
                                  tilearn 053 : Personal Data
                                  Protection / PDP Law
                                  Risk Beyond International                Bali, 7-8 Desember 2023               IRMAPA
                                  Conference on ERM 2023                   Bali, 7-8 December 2023
                                  tilearn 054 : APU, PPT & PPPSPM          Jakarta, 12 Desember 2023             Legal & Compliance Group
                                  di Sektor Jasa Keuangan Berbasis         Jakarta, 12 December 2023
                                  POJK No. 8 Tahun 2023"
                                  tilearn 054 : AML, CFT &
                                  Proliferation of WMD in the Financial
                                  Services Sector Based on POJK No.
                                  8 of 2023"




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                   Nama                 Kegiatan/Program                              Tanggal/tempat                         Penyelenggara
                   Name                 Activities/Programs                              Date/Place                            Organizer
      M. Ivan Faizal             People Management Development            Jakarta, 30 Januari-1 Februari 2023       HR Excellency
                                 Program Batch 3                          Jakarta, 30 January-1 February 2023
                                 tiLearn041; Basic Safety Training        Jakarta, 24 Mei 2023                      Tugu Institute X HSSE
                                 2023                                     Jakarta, 24 May 2023
                                 tiShare 008 : Sosialisasi                Jakarta, 29 Mei 2023                      Tugu Institute X Human Capital
                                 Pengelolaan Talent dan Rencana           Jakarta, 29 May 2023                      & Services
                                 Suksesi
                                 tiShare 008: Dissemination of
                                 Talent Management and Succession
                                 Planning
                                 tiLearn 042: Implementasi SMAP           Jakarta, 8 Juni 2023                      Tugu Institute X Compliance
                                 Dalam Menunjang Kegiatan                 Jakarta, 8 June 2023
                                 Operasional Perusahaan
                                 tiLearn 042: Implementation
                                 of SMAP to Support Company
                                 Operational Activities
                                 Actuaries in Challenging Economics       Jakarta, 20-23 Juni 2023                  The Asia – Pacific – PAI - SOA
                                                                          Jakarta, 20-23 June 2023
                                 Coaching For Empowering Your Team        Jakarta, 23 Agustus 2023                  IKIGAI
                                                                          Jakarta, 23 August 2023
                                 Indonesian Actuaries Congress            Magelang, 20-25 November 2023             PAI
                                 2023 Shaping Future Actuaries
                                 AAUI Training Series – Study Biaya       Jakarta, 16 Desember 2023                 AAUI
                                 Secara Aktuarial (Expense Study)         Jakarta, 16 December 2023
                                 AAUI Training Series – Actuarial
                                 Expense Study




  Tugas dan Tanggung Jawab
  Duties and Responsibilities

  Komite Investasi Tugu Insurance mengemban tugas,                           Tugu Insurance’s Investment Committee has the following
  tanggung jawab, dan memiliki wewenang sebagai berikut:                     duties, responsibilities, and authorities:
  1. Menetapkan sasaran investasi dan tingkat risiko yang                    1. Set investment targets and reasonable levels of risk;
     dapat diterima atau ditanggung;                                         2. Determine investment limits, investment policies in
  2. Menetapkan batasan investasi, kebijakan investasi                           accordance with the Government’s regulations and
     sesuai dengan aturan, ketentuan Pemerintah dan                              prevailing legislation;
     Undang-Undang yang berlaku;                                             3. Working together with the Investment & Financial
  3. Bersama-sama dengan Investment & Treasury                                   Risk Management Group Head to set the investment
     Management Group Head menetapkan kebijakan alokasi                          portfolio allocation policy which is expected to meet the
     portofolio investasi yang diperkirakan akan dapat                           predetermined investment return target;
     memenuhi target hasil investasi yang telah ditetapkan;                  4. Set the requirements/qualifications that must be met
  4. Menetapkan syarat-syarat/kualifikasi yang harus dipenuhi                    in selecting investment experts/managers from outside
     dalam memilih tenaga ahli/manajer investasi dari                            the Company;
     luar Perusahaan;                                                        5. Establish the institution for the deposit of assets
  5. Menetapkan lnstitusi tempat penitipan harta (kustodian);                    (custodian);
  6. Mengawasi kegiatan Investment & Treasury Management                     6. Oversee activities of the Investment & Financial Risk
     Group Head maupun kegiatan Manajer lnvestasi yang                           Management Group Head as well as activities of the
     berasal dari luar Perusahaan;                                               Investment Manager from outside the Company;
  7. Mengembangkan, mengkaji, dan menetapkan kebijakan                       7. Develop, review, and set an annual policy and strategy for
     dan strategi tahunan pengelolaan Asset Liability                            Asset Liability Management (ALMA);
     Management (ALMA);




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8. Melakukan review secara periodik posisi likuiditas dalam                     8. Periodically review the liquidity position in the form of
    bentuk aset likuid;                                                             liquid assets;
9. Menetapkan rambu-rambu/batas dan petunjuk                                    9. Determine boundaries and guidelines for management
    pengelolaan serta pengendalian risiko yang                                      and control of risks that have an impact on:
    berdampak pada:                                                                 • Liquidity Risk (Liquidity Management);
    • Risiko Likuiditas (Liquidity Management);                                     • Market Risk such as Interest Rate Risk (Interest Rate
    • Risiko Pasar seperti Risiko Suku Bunga (Interest Rate                             Management);
        Management);                                                                • Exchange Rate Risk (Currency Management).
    • Risiko Nilai Tukar (Currency Management).                                 10. Submit information to the Board of Directors regarding
10. Menyampaikan informasi kepada Direksi mengenai                                  any developments in the relevant rules and regulations
    setiap perkembangan ketentuan dan peraturan terkait                             that affect ALMA’s strategy and policies.
    yang mempengaruhi strategi dan kebijakan ALMA.


Piagam Komite Investasi
Investment Committee Charter

Dalam menjalankan tugas dan tanggung jawabnya, Komite                           In performing its duties and responsibilities, the Investment
Investasi telah memiliki pedoman kerja sebagaimana                              Committee has a working guideline as stated in the
tertuang dalam Piagam Komite Investasi PT Asuransi Tugu                         Investment Committee Charter of PT Asuransi Tugu Pratama
Pratama Indonesia Tbk.                                                          Indonesia Tbk.


Kebijakan dan Pelaksanaan Rapat
Meeting Policy and Implementation Policy

Komite Investasi wajib melakukan rapat berkala dengan                           The Committee must hold regular meetings under the
ketentuan sebagai berikut:                                                      following conditions:
1. Komite wajib melakukan rapat Komite paling sedikit 3                         1. The Committee must hold a Committee meeting at least
   (tiga) bulan sekali;                                                             once every 3 (three) months;
2. Rapat Komite dipimpin oleh Ketua Komite. Dalam hal                           2. Committee meetings are led by the Committee Chairman.
   Ketua Komite berhalangan hadir maka Ketua Komite                                 In the event the Committee Chairman is unable to
   akan menunjuk salah satu Anggota Komite untuk                                    attend, the Committee Chairman will appoint one of the
   bertugas sebagai pimpinan rapat;                                                 Committee Members to serve as the meeting chairman;
3. Pembahasan dalam Komite dapat berupa rapat ataupun                           3. Discussions in the Committee can be in the form of
   penandatanganan sirkuler;                                                        meetings or circular signings;
4. Rapat dianggap sah dan berwenang mengambil                                   4. Meetings are considered valid and authorized to make
   keputusan yang mengikat apabila telah memenuhi                                   binding decisions if they have fulfilled the quorum of
   kuorum kehadiran anggota;                                                        members’ attendance;
5. Rapat akan memenuhi kuorum apabila dihadiri oleh 2/3                         5. The meeting will fulfill a quorum if attended by 2/3 (two
   (dua per tiga) Anggota Komite. Keputusan rapat akan sah                          thirds) of the Committee Members. The decision of the
   apabila disetujui oleh 2/3 (dua per tiga) Anggota Komite                         meeting will be valid if it is approved by 2/3 (two thirds)
   yang hadir;                                                                      of the Committee Members attending;
6. Keputusan dapat diambil dengan suara bulat dari                              6. Decisions can be taken by unanimous vote of the
   Anggota Komite yang hadir atau berdasarkan suara                                 Committee Members present or based on a majority vote
   mayoritas (>50%) dari Anggota Komite yang hadir;                                 (>50%) of the Committee Members present;
7. Dalam hal jumlah suara yang setuju sama dengan                               7. In the event the number of votes that agree is equal to
   jumlah suara yang tidak setuju, maka keputusan Rapat                             the number of votes that disagree, the decision of the
   diserahkan kepada pimpinan Rapat;                                                Meeting shall be submitted to the Meeting chairman;
8. Dalam pelaksanaan rapat Komite, selain dihadiri oleh                         8. In the implementation of the Committee meeting, in
   Anggota Komite, Rapat dapat mengundang pihak-pihak                               addition to being attended by Committee Members, the
   (invitee) yang dianggap terkait sesuai dengan agenda                             Meeting may invite parties (invitees) deemed related
   yang dibahas;                                                                    according to the agenda discussed;




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  9. Setiap perbedaan pendapat (dissenting opinion) dalam                         9. Any dissenting opinion in the meeting must be clearly
      rapat harus secara jelas dinyatakan dalam Risalah Rapat                         stated in the Minutes of the Meeting along with
      beserta alasannya;                                                              the reasons;
  10. Anggota Komite yang hadir maupun yang tidak hadir                           10. Committee members who are present or not present at
      dalam rapat Komite berhak menerima salinan risalah                              the Committee meeting are entitled to receive a copy of
      rapat Komite.                                                                   the minutes of the Committee meeting.

  Selama tahun 2023, Komite Investasi telah                                       In 2023, the Investment Committee has held 3 (three)
  menyelenggarakan 3 (tiga) kali rapat dengan rincian                             meetings with attendance details as follows:
  kehadiran sebagai berikut:		


                         Nama                       Jumlah Rapat                        Jumlah Kehadiran                      Tingkat Kehadiran (%)
                         Name                        Total Meeting                       Total Attendance                        Attendance Rate
       Edi Yoga Prasetyo 1)                                2                                      2                                    100%
       Emil Hakim                                          3                                      3                                    100%
       Sudarlin                                            3                                      3                                    100%
       Ismawati                                            3                                      3                                    100%
       M. Ivan Faizal                                      3                                      2                                     67%
       Kristy Damayanti                                    3                                      3                                    100%
       Budi P. Amir 2)                                     1                                      1                                    100%
  1)
     Efektif menjabat sebagai Ketua Komite Investasi sejak 28 April 2023.
  2)
     Tidak lagi menjabat sebagai Ketua Komite Investasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  1)
     Effective as Chairman of the Investment Committee since 28 April 2023.
  2)
     No longer served as Chairman of the Investment Committee since the closing of the Annual GMS on 28 April 2023.



  Laporan Pelaksanaan Tugas Komite Investasi
  Investment Committee Duties Implementation Report

  Berikut laporan pelaksanaan tugas Komite Investasi di                           The following is a report on the implementation of the
  tahun 2023:                                                                     Investment Committee's duties in 2023:
  1. Melakukan 3 (tiga) kali rapat Komite Investasi;                              1. Conducted 3 (three) Investment Committee meetings;
  2. Melakukan review dan menetapkan sasaran investasi                            2. Reviewed and determined investment targets and risk
     dan tingkat risiko yang dapat diterima atau ditanggung                           levels that can be accepted or borne for the 2024 RKAP;
     untuk RKAP 2024;                                                             3. Reviewed and determined investment limits, investment
  3. Melakukan review dan menetapkan batasan investasi,                               policies in accordance with applicable regulations,
     kebijakan investasi sesuai dengan aturan, Ketentuan                              Government Regulations and Laws, as well as Investment
     Pemerintah dan Undang-Undang yang berlaku serta                                  Policy and Strategy Guidelines No. A-001/3400/2023;
     Pedoman Kebijakan dan Strategi Investasi No.                                 4. Worked together with the Investment Group Head to
     A-001/3400/2023;                                                                 determine the investment portfolio allocation policy which
  4. Bersama-sama dengan Investment Group Head                                        is estimated to be able to meet the investment return
     menetapkan kebijakan alokasi portofolio investasi yang                           targets set for 2024;
     diperkirakan akan dapat memenuhi target hasil investasi                      5. Received and reviewed periodic reports received from the
     yang telah ditetapkan untuk tahun 2024;                                          Investment Group relating to:
  5. Menerima dan melakukan review terhadap laporan                                   a. Monthly Investment Performance;
     berkala yang diterima dari Investment Group                                      b. Asset Liability Management Report (ALMA);
     berkaitan dengan:                                                                c. Bank and Money Market Instrument
     a. Kinerja Investasi bulanan;                                                        Monitoring Report;
     b. Laporan Asset Liability Management (ALMA);                                    d. Investment Portfolio Placement Limit
     c. Laporan Monitoring Bank dan Instrument Pasar Uang;                                Monitoring Report.
     d. Laporan Monitoring Limit Penempatan
         Portfolio Investasi.




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    5.B.
Komite Manajemen Risiko
Risk Management Committee



Tugu Insurance telah membentuk Komite Manajemen                                 Tugu Insurance has established the Risk Management
Risiko dengan tujuan untuk membantu Direksi dalam                               Committee to support the Board of Directors in monitoring
rangka memantau implementasi Manajemen Risiko dan                               the implementation of Risk Management and anticipate
mengantisipasi potensi Risiko yang mungkin terjadi seiring                      potential risks that may occur in line with Tugu Insurance’s
dengan pertumbuhan bisnis Tugu Insurance, memantau                              business growth, monitor the development of risk exposure,
perkembangan eksposur risiko, meninjau pelaksanaan serta                        review the ongoing implementation and update of policies,
pengkinian kebijakan, proses dan prosedur Manajemen                             processes, and procedures of Risk Management.
Risiko yang berkelanjutan.

Dasar Hukum atas terbentuknya Komite Manajemen Risiko,                          Legal basis:
antara lain:
1. Undang-undang No. 40 Tahun 2007 tentang Perseroan                            1. Law No. 40 of 2007 on Limited Liability Companies as
   Terbatas sebagaimana diubah sebagian oleh Undang-                               partly amended by Law No. 11 of 2020 on Job Creation;
   undang No. 11 Tahun 2020 tentang Cipta Karya;                                2. Financial Services Authority Regulation No. 44/
2. Peraturan Otoritas Jasa Keuangan No. 44/                                        POJK.05/2020 on the Implementation of Risk
   POJK.05/2020 tentang Penerapan Manajemen Risiko                                 Management for Non-Bank Financial Services
   Bagi Lembaga Jasa Keuangan Non-Bank;                                            Institutions;
3. Surat Edaran Otoritas Jasa Keuangan No. 8/                                   3. Circular Letter of the Financial Services Authority
   SEOJK.05/2021 tentang Penerapan Manajemen Risiko                                No. 8/SEOJK.05/2021 on the Implementation of
   Bagi Perusahaan Asuransi, Perusahaan Asuransi                                   Risk Management for Insurance Companies, Sharia
   Syariah, Perusahaan Reasuransi dan Perusahaan                                   Insurance Companies, Reinsurance Company, and Sharia
   Reasuransi Syariah;                                                             Reinsurance Company;
4. Term of Reference Komite Manajemen Risiko PT Asuransi                        4. Terms of Reference of Risk Management Committee of
   Tugu Pratama Indonesia Tbk.                                                     PT Asuransi Tugu Pratama Indonesia Tbk.


Susunan Keanggotaan, Dasar Pengangkatan, dan Masa Jabatan
Membership Composition, Basis of Appointment, and Term of Office

Susunan keanggotaan Komite Manajemen Risiko Tugu                                Tugu Insurance Risk Management Committee comprises the
Insurance terdiri dari mayoritas anggota Direksi, yang salah                    majority of the Board of Directors members, one of whom
satunya merupakan anggota Direksi yang membawahi                                is a member of the Board of Directors in charge of the Risk
fungsi Manajemen Risiko dan beberapa Pejabat Eksekutif                          Management function and several Executive Officers of the
Perusahaan (satu tingkat di bawah Direksi) yang                                 Company (one level below the Board of Directors) related
berhubungan dengan pengelolaan risiko serta pengendalian                        to the Company’s risk management and internal control.
internal Perusahaan. Anggota komite terdiri dari Anggota                        Committee members consist of Permanent Members with
Tetap dengan hak suara dan Anggota Tidak Tetap tanpa hak                        voting rights and Non-Permanent Members without voting
suara dalam pengambilan keputusan.                                              rights in decision making.

Komite Manajemen Risiko dibentuk berdasarkan Surat                              The Risk Management Committee was formed based on the
Keputusan Direksi No. 24/SKD/05/ERL-ATPI/XII/2022                               Decree of the Board of Directors No. 24/SKD/05/ERL-ATPI/
tanggal 5 Desember 2022 tentang Perubahan Pembentukan                           XII/2022 dated 5 December 2022 concerning Changes in
Komite Manajemen Risiko PT Asuransi Tugu Pratama                                the Formation of the Risk Management Committee of PT
Indonesia Tbk. Adapun komposisi keanggotaan Komite                              Asuransi Tugu Pratama Indonesia Tbk. The composition of
Manajemen Risiko per 31 Desember 2023, antara lain:                             the Risk Management Committee membership as of 31
                                                                                December 2023 is as follows:




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           Performance Review                 Management Report                     Company Profile                 Management Discussion and Analysis




               Posisi                     Nama                                     Jabatan                                       Masa jabatan
               Position                   Name                                       Title                                       Term of Office
      Ketua/Anggota Tetap         Edi Yoga Prasetyo         Direktur Kepatuhan & Manajemen Risiko
      Chairperson/Full-time                                 Compliance & Risk Management Director
      Member
      Wakil Ketua/Anggota         Emil Hakim                Direktur Keuangan dan Layanan Korporat
      Tetap                                                 Finance and Corporate Services Director
      Deputy Chairperson/Full-
      time Member
      Sekretaris/Anggota          Ismawati                  ERM & Policy Group Head ERM
      Tetap
      Secretary/Full-time                                                                                        3 (tiga) tahun dan dapat diangkat kembali
      Member                                                                                                     dengan tidak mengurangi hak Direksi untuk
                                                                                                                 mengubah susunan Komite Manajemen Risiko
      Anggota Tetap               Sudarlin                  Direktur Teknik
                                                                                                                 sewaktu-waktu.
      Full-time Member                                      Technical Director
                                                                                                                 3 (three) years, and can be reappointed
                                                                                                                 without any prejudice to the Board of Directors
                                  Ery Widiatmoko            Direktur Pemasaran Asuransi
                                                                                                                 authority to change the Risk Management
                                                            Insurance Marketing Director
                                                                                                                 Committee composition at any time
                                  Edwar                     Pjs. Investment & Treasury Management Group
                                                            Head
                                                            Acting Investment & Treasury Management
                                                            Group Head

                                  Kristy Damayanti          SVP Strategic Management & Corporate
                                                            Development

                                  Resti Setia Utari         Internal Audit Group Head
      Anggota Tidak Tetap         Pejabat yang terkait dengan topik yang dibahas dan/atau direkomendasikan dalam Komite Manajemen Risiko, kecuali
      Non-Permanent Member        pengusul untuk transaksi atau hal-hal yang menyimpang dari prosedur normal.
                                  The officers who are related to the topic discussed and/or recommended in the Risk Management Committee, except
                                  the proposer of the transactions or things deviating from normal procedures.


  Profil Komite Manajemen Risiko
  Risk Management Committee Members Profile
                          Nama                                      Jabatan
      No
                          Names                                     Position
      1      Edi Yoga Prasetyo                 Direktur Kepatuhan & Manajemen Risiko               Untuk Profil Bapak Edi Yoga Prasetyo dapat dilihat pada
                                               Compliance & Risk Management Director               profile Direksi pada Laporan Tahunan ini
                                                                                                   The profile of Mr. Edi Yoga Prasetyo can be found in the
                                                                                                   Directors' profile in this Annual Report.
      2      Emil Hakim                        Direktur Keuangan dan Layanan Korporat              Untuk Profil Bapak Emil Hakim dapat dilihat pada profile
                                               Finance and Corporate Services Director             Direksi pada Laporan Tahunan ini
                                                                                                   The profile of Mr. Emil Hakim can be found in the Directors'
                                                                                                   profile in this Annual Report.
      3      Sudarlin                          Direktur Teknik                                     Untuk Profil Bapak Sudarlin dapat dilihat pada profile Direksi
                                               Technical Director                                  pada Laporan Tahunan ini
                                                                                                   The profile of Mr. Sudarlin can be found in the Directors'
                                                                                                   profile in this Annual Report.
      4      Ery Widiatmoko                    Direktur Pemasaran Asuransi                         Untuk Profil Bapak Ery Widiatmoko dapat dilihat pada profile
                                               Insurance Marketing Director                        Direksi pada Laporan Tahunan ini
                                                                                                   The profile of Mr. Ery Widiatmoko can be found in the
                                                                                                   Directors' profile in this Annual Report.
      5      Ismawati                          ERM & Policy Group Head                             Untuk Profil Ibu Ismawati dapat dilihat pada profile Anggota
                                                                                                   Komite Investasi pada Laporan Tahunan ini
                                                                                                   The profile of Ms. Ismawati can be found in the profile of the
                                                                                                   Investment Committee Members in this Annual Report




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      Corporate Governance                   Corporate Social Responsibility                         Audited Report




                    Nama                                     Jabatan
 No
                    Names                                    Position
 6      Kristy Damayanti                 SVP Strategic Management & Corporate                Untuk Profil Ibu Kristy Damayanti dapat dilihat pada profile
                                         Development                                         Anggota Komite Investasi pada Laporan Tahunan ini
                                                                                             The profile of Ms. Kristy Damayanti can be found in the
                                                                                             profile of the Investment Committee Members in this Annual
                                                                                             Report
 7      Resti Setia Utari                Internal Audit Group Head                           Untuk profil Ibu Resti Setia Utari dapat dilihat pada profile
                                                                                             Internal Audit Group Head
                                                                                             The profile of Ms. Resti Setia Utari can be found in the
                                                                                             profile of the Internal Audit Group Head




                                                      Edwar
                                                      Anggota Manajemen Risiko | Member of Risk Management Committee


                                                      Kewarganegaraan            Indonesia
                                                      Citizenship
                                                      Tempat, Tanggal Lahir      Curup, 26 Desember 1979
                                                      Birthdate/Place            Curup, 26 December 1979
                                                      Usia                       44 Tahun
                                                      Age                        44 years old
                                                      Domisili                   Depok
                                                      Domicile



 Pendidikan dan Pelatihan         •      Sarjana Ekonomi, Fakultas Ekonomi, Jurusan                  •   Bachelor of Economics, Faculty of Economics,
 Education and Training                  Ekonomi Studi Pembangunan, Universitas                          Department of Economic Development Studies,
                                         Padjadjaran, (2003).                                            Padjadjaran University, (2003).
                                  •      Ajun Ahli Asuransi Kerugian (AAAIK), (2006).                •   Indonesian Insurance Expert Adjunct in the General
                                  •      Certified Financial Analyst (CFA) charter holder, CFA           Insurance Sector (AAAIK), (2006).
                                         Institute.                                                  •   Certified Financial Analyst (CFA) charter holder, CFA
                                                                                                         Institute.
 Riwayat Pekerjaan                •      Plt. Investment & Treasury Group Head, PT Asuransi          •   Acting Investment & Treasury Group Head,
 Work Experience                         Tugu Pratama Indonesia Tbk (2023-sekarang).                     PT Asuransi Tugu Pratama Indonesia Tbk
                                  •      Capital Market Dept Head, PT Asuransi Tugu                      (2023-present).
                                         Pratama Indonesia Tbk (2016-2023).                          •   Capital Market Dept Head, PT Asuransi Tugu
                                  •      Capital Market Officer, PT Asuransi Tugu Pratama                Pratama Indonesia Tbk (2016-2023).
                                         Indonesia Tbk (2011-2016).                                  •   Capital Market Officer, PT Asuransi Tugu Pratama
                                  •      Insurance Accounting Staff, PT Asuransi Tugu                    Indonesia Tbk (2011-2016).
                                         Pratama Indonesia Tbk (2004-2011).                          •   Insurance Accounting Staff, PT Asuransi Tugu
                                  •      Pratama Indonesia Tbk (2004-2011).
 Rangkap Jabatan                  Plt. Investment & Treasury Group Head                              Acting Investment & Treasury Group Head
 Concurrent Position
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota Dewan              Has no affiliation with members of the Board of
 Affiliation Relation             Komisaris, Direksi dan Pemegang Saham Utama/                       Commissioners, Directors and Major/Controlling
                                  Pengendali.                                                        Shareholders.




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          Performance Review         Management Report               Company Profile                Management Discussion and Analysis




  Pernyataan Independensi Komite Manajemen Risiko
  Risk Management Committee Statement of Independence

  Semua anggota Komite Manajemen Risiko dalam                            All members of the Risk Management Committee in
  menjalankan fungsinya patuh dan wajib memenuhi                         performing their functions must comply with prevailing laws
  ketentuan hukum serta regulasi yang berlaku terkait dengan             and regulations related to the establishment of the Risk
  pembentukan Komite Manajemen Risiko perusahaan                         Management Committee of insurance companies. The
  asuransi. Komite Manajemen Risiko memiliki pedoman                     Risk Management Committee has guidelines in conducting
  dalam melaksanakan tugasnya yang dituangkan dalam Term                 their duties, as outlined in the Terms of Reference of the
  of Reference (ToR) Komite Manajemen Risiko PT Asuransi                 Risk Management Committee of PT Asuransi Tugu Pratama
  Tugu Pratama Indonesia Tbk yang berlaku.                               Indonesia Tbk.


  Program Peningkatan Kompetensi Komite Manajemen Risiko
  Risk Management Committee’s Competency Enhancement Program

  Komite Manajemen Risiko telah mengikuti program                        Members of the Risk Management Committee enhanced
  peningkatan kompetensi sepanjang tahun 2023, antara lain:              their competencies in 2023 by participating in the following
                                                                         competency enhancement programs:


                   Nama                 Kegiatan/Program                         Tanggal/tempat                       Penyelenggara
                   Name                 Activities/Programs                         Date/Place                          Organizer
      Edi Yoga Prasetyo          Informasi peningkatan kompetensi/pelatihan Bapak Edi Yoga Prasetyo dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Edi Yoga Prasetyo can be found in the information on
                                 competency enhancement/training for members of the Board of Directors in this governance chapter.
      Emil Hakim                 Informasi peningkatan kompetensi/pelatihan Bapak Emil Hakim dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Emil Hakim can be found in the information on
                                 competency enhancement/training for members of the Board of Directors in this governance chapter.
      Sudarlin                   Informasi peningkatan kompetensi/pelatihan Bapak Sudarlin dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Sudarlin can be found in the information on competency
                                 enhancement/training for members of the Board of Directors in this governance chapter.
      Ery Widiatmoko             Informasi peningkatan kompetensi/pelatihan Bapak Ery Widiatmoko dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Mr. Ery Widiatmoko can be found in the information on
                                 competency enhancement/training for members of the Board of Directors in this governance chapter.
      Ismawati                   Informasi peningkatan kompetensi/pelatihan Ibu Ismawati dapat dilihat pada informasi peningkatan kompetensi/
                                 pelatihan anggota Komite Investasi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Ms. Ismawati can be found in the information on
                                 competency enhancement/training for members of the Investment Committee in this governance chapter.
      Kristy Damayanti           Informasi peningkatan kompetensi/pelatihan Ibu Kristy Damayanti dapat dilihat pada informasi peningkatan
                                 kompetensi/pelatihan anggota Komite Investasi pada bab tata kelola ini.
                                 Information on competency enhancement/training of Ms. Kristy Damayanti can be found in the information on
                                 competency enhancement/training for members of the Investment Committee in this governance chapter.




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    Corporate Governance                      Corporate Social Responsibility                   Audited Report




              Nama                           Kegiatan/Program                        Tanggal/tempat                         Penyelenggara
              Name                           Activities/Programs                        Date/Place                            Organizer
 Edwar                            People Management Development            Jakarta, 30 Januari-1 Februari 2023     HR Excellency
                                  Program Batch 3                          Jakarta, 30 January-1 February 2023
                                  tiLearn 041; Basic Safety Training       Jakarta, 24 Mei 2023                    Tugu Institute X HSSE
                                  2023                                     Jakarta, 24 May 2023
                                  tiShare 008 : Sosialisasi                Jakarta, 29 Mei 2023                    Tugu Institute X Human Capital
                                  Pengelolaan Talent dan Rencana           Jakarta, 29 May 2023                    & Services
                                  Suksesi
                                  tiShare 008: Dissemination of
                                  Talent Management and Succession
                                  Planning
                                  QCRO                                     Jakarta, 20-22 Juni 2023                WDA
                                                                           Jakarta, 20-22 June 2023
                                  Coaching For Empowering Your Team        Jakarta, 23 Agustus 2023                IKIGAI
                                                                           Jakarta, 23 August 2023
                                  Managing Reinsurance Risk                Jakarta, 30 September 2023              WDA
                                  tilearn 047 : Right Service              Jakarta, 23 Oktober 2023                Strategic Partnership Group
                                  Experience for The Right Customer        Jakarta, 23 October 2023
                                  tilearn 052 : Keynote Speech             Jakarta, 16 November 2023               Legal & Compliance Group
                                  Perlindungan Data Pribadi
                                  tilearn 052 : Keynote Speech on
                                  Personal Data Protection
                                  Contract Management & Finance            Jakarta, 28 November 2023               ERP Team
                                  Management
 Resti Setia Utari                Pelatihan dan Sertifikasi Certified      Jakarta, 25-27 Januari 2023             LPFA
                                  Forensic Auditor (CFrA)-Audit            Jakarta, 25-27 January 2023
                                  Forensik
                                  Certified Forensic Auditor (CFrA)
                                  Training and Certification-Forensic
                                  Audit
                                  Risk Management Forum Pertamina          Jakarta, 16 Maret 2023                  Tugu Institute X ERM & Legal
                                  Group 2023                               Jakarta, 16 March 2023                  Group
                                  tiLearn 041; Basic Safety Training       Jakarta, 24 Mei 2023                    Tugu Institute X HSSE
                                  2023                                     Jakarta, 24 May 2023
                                  tiLearn 042: Implementasi SMAP           Jakarta, 8 Juni 2023                    Tugu Institute X Compliance
                                  Dalam Menunjang Kegiatan                 Jakarta, 8 June 2023
                                  Operasional Perusahaan
                                  tiLearn 042: Implementation
                                  of SMAP to Support Company
                                  Operational Activities
                                  Peningkatan Pemahaman Anti               Solo, 22 Juni 2023                      FKSPI
                                  Pencucian Uang di Sektor Korporasi       Solo, 22 June 2023
                                  Increasing Understanding of Anti-
                                  Money Laundering in the Corporate
                                  Sector
                                  Anti Fraud Day                           Jakarta, 3 Juli 2023                    GRC Management
                                                                           Jakarta, 3 July 2023
                                  tiLearn 046 : Perlindungan Data          Jakarta, 2 Agustus 2023                 Tugu Institute X Legal &
                                  Pribadi di Industri Jasa Keuangan        Jakarta, 2 August 2023                  Compliance
                                  Setelah Disahkannya UU PDP
                                  tiLearn 046: Protection of Personal
                                  Data in the Financial Services
                                  Industry After the Passing of the
                                  PDP Law
                                  Coaching For Empowering Your Team        Jakarta, 23 Agustus 2023                IKIGAI
                                                                           Jakarta, 23 August 2023
                                  tilearn 047 : Right Service              Jakarta, 23 Oktober 2023                Strategic Partnership Group
                                  Experience for The Right Customer        Jakarta, 23 October 2023




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023      331
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          Performance Review         Management Report                   Company Profile              Management Discussion and Analysis




                  Nama                  Kegiatan/Program                             Tanggal/tempat                      Penyelenggara
                  Name                  Activities/Programs                             Date/Place                         Organizer
                                 tilearn 054 : APU, PPT & PPPSPM         Jakarta, 12 Desember 2023               Legal & Compliance Group
                                 di Sektor Jasa Keuangan Berbasis        Jakarta, 12 December 2023
                                 POJK No. 8 Tahun 2023"
                                 tilearn 054 : AML, CFT &
                                 Proliferation of WMD in the Financial
                                 Services Sector Based on POJK No.
                                 8 of 2023"
                                 Navigating Country Risk for             Jakarta, 14-15 Desember 2023            LSPMR
                                 Sustainable Growth: Opportunities       Jakarta, 14-15 December 2023
                                 and Challenges



  Tugas dan Tanggung Jawab Komite Manajemen Risiko
  Duties and Responsibilities of Tugu Insurance’s Risk Management Committee

  Tugu Insurance mengemban tugas dan tanggung jawab                         Tugu Insurance’s Risk Management Committee has the
  sebagai berikut:                                                          following duties and responsibilities:
  1. Melakukan evaluasi dan memberikan rekomendasi                          1. Evaluate and provide recommendations to the President
     kepada Direktur Utama terkait Manajemen Risiko;                            Director concerning Risk Management;
  2. Penyusunan kebijakan, strategi dan pedoman penerapan                   2. Formulate policies, strategies and guidelines for
     Manajemen Risiko serta perubahannya;                                       the implementation of Risk Management and
  3. Penyusunan tingkat Risiko yang akan diambil (risk                          their amendments;
     appetite) dan toleransi risiko (risk tolerance), kerangka              3. Set the level of risk appetite and risk tolerance, Risk
     Manajemen Risiko serta rencana kontijensi untuk                            Management framework and contingency plans to
     mengantisipasi terjadinya kondisi tidak normal;                            anticipate the occurrence of unusual conditions;
  4. Perbaikan atau penyesuaian pelaksanaan Manajemen                       4. Make improvements or adjustments to the
     Risiko berdasarkan hasil evaluasi pelaksanaan                              implementation of Risk Management based on the
     Manajemen Risiko antara lain menyempurnakan proses                         results of the evaluation of the Risk Management
     Manajemen Risiko secara berkala maupun bersifat                            implementation, such as enhancing the Risk
     insidentil sebagai akibat dari suatu perubahan kondisi                     Management process periodically or incidentally due
     eksternal dan internal Perusahaan yang memengaruhi                         to changes in the Company’s external and internal
     kecukupan pendanaan, profil Risiko Perusahaan,                             conditions that affect the adequacy of funding, the
     dan tidak efektifnya penerapan Manajemen Risiko                            Company’s Risk profile, and the ineffectiveness of
     berdasarkan hasil evaluasi;                                                Risk Management implementation based on the
  5. Penetapan hal-hal yang terkait dengan keputusan bisnis                     evaluation results;
     yang menyimpang dari prosedur normal.                                  5. Determine matters related to business decisions that
                                                                                deviate from normal procedures.

  Komite Manajemen Risiko memiliki wewenang untuk:                          The Risk Management Committee has the authority to:
  1. Mengambil keputusan berkaitan dengan pengelolaan                       1. Make decisions related to the management of the
     Risiko Perusahaan berdasarkan Sistem Tata Kerja                           Company’s Risks based on the applicable Work System;
     yang berlaku;                                                          2. Provide recommendations to the President Director on
  2. Memberikan rekomendasi kepada Direktur Utama atas                         issues that require the approval of the Board of Directors
     permasalahan yang membutuhkan Persetujuan Direksi                         and/or the Board of Commissioners;
     dan/atau Dewan Komisaris;                                              3. Obtain input and/or suggestions from outside parties of
  3. Mendapatkan masukan dan atau saran dari pihak luar                        the Company related to their duties.
     Perusahaan yang berkaitan dengan tugasnya.




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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                  Audited Report




Kebijakan dan Pelaksanaan Rapat
Meeting Policy and Implementation Policy

Komite Manajemen Risiko wajib melakukan rapat berkala                           The Risk Management Committee must conduct regular
dengan ketentuan sebagai berikut:                                               meetings with the following stipulations:
1. Komite wajib melakukan rapat Komite dilaksanakan                             1. The Committee is required to hold Committee meetings
    secara triwulan dalam 1 (satu) tahun;                                           quarterly in 1 (one) year;
2. Rapat Komite dipimpin oleh Ketua Komite. Dalam hal                           2. The meetings are led by the Committee Chairman. In the
    Ketua Komite berhalangan hadir maka Ketua Komite                                event the Committee Chairman is unable to attend, the
    akan menunjuk wakil Ketua Komite untuk bertugas                                 Committee Chairman will appoint the Committee’s Deputy
    sebagai pimpinan rapat;                                                         Chairman to be the acting chairman of the meeting;
3. Pembahasan dalam Komite Manajemen Risiko dapat                               3. Discussions in the Risk Management Committee can be
    berupa rapat ataupun penandatanganan sirkuler;                                  conducted by means of a meeting or circular signing;
4. Tema pembahasan pada Rapat Komite Manajemen                                  4. The discussion theme at the Risk Management
    Risiko merujuk pada cakupan pembahasan dalam Rapat                              Committee Meeting refers to the meeting’s scope of
    Komite Manajemen Risiko;                                                        the discussion;
5. Rapat dianggap sah dan berwenang mengambil                                   5. Meetings are considered valid and have the authorization
    keputusan yang mengikat apabila telah memenuhi                                  to make binding decisions if it is met the quorum of
    kuorum kehadiran anggota;                                                       member attendance;
6. Rapat akan memenuhi kuorum apabila dihadiri oleh 2/3                         6. Meetings will have a quorum if attended by 2/3 (two-
    (dua per tiga) anggota Komite. Keputusan rapat akan sah                         thirds) of the Committee’s members. The decision of
    apabila disetujui oleh 2/3 (dua per tiga) anggota Komite                        the meeting will be valid upon the approval by 2/3
    yang hadir;                                                                     (two-thirds) of the Committee’s members present at
7. Keputusan dapat diambil dengan suara bulat dari                                  the meeting;
    Anggota tetap Komite yang hadir atau berdasarkan suara                      7. Decisions can be made unanimously by the permanent
    mayoritas (>50%) dari Anggota tetap Komite yang hadir;                          members of the Committee who are present or based on
8. Sekretaris Komite melakukan persiapan rapat,                                     a majority vote (>50%) of the permanent members of the
    menentukan agenda rapat, dan mereview kesesuaian                                Committee who are present;
    materi yang akan disampaikan dalam rapat;                                   8. The Committee Secretary makes preparation for the
9. Dalam hal jumlah suara yang setuju sama dengan                                   meeting, determines the meeting agenda, and reviews
    jumlah suara yang tidak setuju, maka keputusan Rapat                            the suitability of the material to be presented at
    diserahkan kepada pimpinan Rapat;                                               the meeting;
10. Dalam pelaksanaan rapat Komite, selain dihadiri oleh                        9. In the event the number of votes that agree is the
    Anggota Komite, Sekretaris Komite dapat mengundang                              same as the number of votes that do not agree, then
    pihak-pihak (invitee) yang dianggap terkait sesuai dengan                       the decision of the Meeting shall be submitted to the
    agenda yang dibahas;                                                            chairman of the Meeting;
11. Status tindak lanjut rapat sebelumnya disampaikan pada                      10. In conducting Committee meetings, apart from being
    setiap awal Rapat Komite Manajemen Risiko;                                      attended by Committee Members, the Committee
12. Setiap perbedaan pendapat (dissenting opinion) dalam                            Secretary may invite parties (invitees) deemed related
    rapat harus secara jelas dinyatakan dalam Risalah Rapat                         according to the agenda discussed;
    beserta alasannya;                                                          11. The follow-up status of the previous meeting is
13. Risalah rapat dibuat oleh Sekretaris Komite dan wajib                           conveyed at the beginning of each Risk Management
    ditandatangani oleh pimpinan rapat;                                             Committee meeting;
14. Anggota Komite yang hadir maupun yang tidak hadir                           12. Any dissenting opinion at the meeting must be clearly
    dalam rapat Komite berhak menerima salinan risalah                              stated in the Minutes of Meeting along with the reasons;
    rapat Komite.                                                               13. Minutes of meeting are made by the Secretary of the
                                                                                    Committee and must be signed by the chairman of
                                                                                    the meeting;
                                                                                14. Committee members who are present or not present at
                                                                                    the Committee meeting are entitled to receive a copy of
                                                                                    the minutes of the Committee meeting.




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            Performance Review              Management Report                 Company Profile                    Management Discussion and Analysis




  Selama tahun 2023, Komite Manajemen Risiko telah                                In 2023, the Risk Management Committee has held 4 (four)
  menyelenggarakan 4 (empat) kali rapat dengan rincian                            meetings with attendance details as follows:
  kehadiran sebagai berikut:


                                Nama                     Jumlah Rapat                      Jumlah Kehadiran                      Tingkat Kehadiran
       No
                                Names                    Total Meetings                     Total Attendance                     Attendance Rate (%)
       1      Budi P. Amir 1)                                   1                                       1                               100%
       2      Emil Hakim                                        4                                       4                               100%
       3      Syaiful Azhar   2)
                                                                1                                       1                               100%
       4      Sudarlin 3)                                       1                                       1                               100%
       5      Ery Widiatmoko                                    4                                       4                               100%
       6      Ismawati                                          4                                       4                               100%
       7      Kristy Damayanti                                  4                                       4                               100%
       8      Resti Setia Utari                                 4                                       3                                75%
       9      Edwar                                             4                                       4                               100%
       10     Tuty Ratnasari 4)                                 2                                       2                               100%

  1)
     Tidak lagi menjabat sebagai Ketua Komite Manajemen Risiko sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
     Tidak lagi menjabat sebagai anggota Komite Manajemen Risiko sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  3)
     Efektif Menjabat sebagai anggota Komite Manajemen Risiko sejak 30 Oktober 2023.
  4)
     Tidak lagi menjabat sebagai anggota Komite Manajemen Risiko sejak 2 Juli 2023.
  1)
     No longer served as Chair of the Risk Management Committee since the closing of the Annual GMS on 28 April 2023.
  2)
     No longer served as a member of the Risk Management Committee since the closing of the Annual GMS on 28 April 2023.
  3)
     Effectively serving as a member of the Risk Management Committee since 30 October 2023.
  4)
     No longer served as a member of the Risk Management Committee since 2 July 2023.



  Laporan Pelaksanaan Tugas Komite Manajemen Risiko
  Report on the Implementation of Risk Management Committee’s Duties

  Per 31 Desember 2023, Komite Manajemen Risiko telah                             As of 31 December 2023, the Risk Management Committee
  melaksanakan 4 kali rapat dengan agenda sebagai berikut:                        has held 4 meetings with the following agenda:


                   Hari/Tanggal                                                                             Mekanisme Rapat          Kourum Kehadiran
       No                                                           Agenda
                     Day/Date                                                                               Meeting Mechanism        Attendance Quorum
       1      Jumat, 31 Maret 2023      •   Hasil penilaian Tingkat Kesehatan per 31 Desember                    Rapat Daring                100%
              Friday, 31 March 2023         2022.                                                               Online Meeting
                                        •   Usulan laporan pertanggungjawaban Direksi atas
                                            Kebijakan Manajemen Risiko semester II-2022.
                                        •   Early Warning System per 28 Februari 2023.
                                        •   Health Level assessment results as of 31 December
                                            2022.
                                        •   Proposed accountability report for the Board of Directors
                                            regarding the Risk Management Policy for semester
                                            II-2022.
                                        •   Early Warning System as of 28 February 2023.
       2      Jumat, 23 Juni 2023       •   Hasil penilaian Tingkat Kesehatan per 31 Mei 2023.                   Rapat Daring                100%
              Friday, 23 June 2023      •   Early warning system per 31 Mei 2023.                               Online Meeting
                                        •   Health Level assessment results as of 31 May 2023.
                                        •   Early Warning System as of 31 May 2023.
       3      Jumat, 15 September       •   Hasil penilaian Tingkat Kesehatan per 30 Juni 2023.              Rapat Tatap Muka                  86%
              2023                      •   Early warning system per 30 Juni 2023.                            Offline meeting
              Friday, 15 September      •   Risk Appetite Statement.
              2023                      •   Risk Register On Going Business.
                                        •   Health Level assessment results as of 30 June 2023.
                                        •   Early Warning System as of 30 June 2023.
                                        •   Risk Appetite Statement.
                                        •   Risk Register On Going Business.




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      Corporate Governance                   Corporate Social Responsibility                 Audited Report




             Hari/Tanggal                                                                         Mekanisme Rapat       Kourum Kehadiran
 No                                                          Agenda
               Day/Date                                                                           Meeting Mechanism     Attendance Quorum
 4      Jumat, 15 Desember        •      Hasil penilaian Tingkat Kesehatan per 31 Oktober 2023.    Rapat Tatap Muka           100%
        2023                      •      Early warning system per 31 Oktober 2023.                  Offline meeting
        Friday, 15 December       •      Risk Appetite Statement per 31 Oktober 2023.
        2023                      •      Liquidity Coverage Ratio (LCR).
                                  •      Penerapan Peraturan Menteri BUMN No.2 Tahun 2023.
                                  •      Health Level assessment results as of 31 October 2023.
                                  •      Early warning system as of 31 October 2023.
                                  •      Risk Appetite Statement as of 31 October 2023.
                                  •      Liquidity Coverage Ratio (LCR).
                                  •      Implementation of SOEs Ministerial Regulation No.2 of
                                         2023.




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          Performance Review         Management Report       Company Profile           Management Discussion and Analysis




          5.C.
  Komite Pengarah Teknologi Informasi
  Information Technology Steering Committee



  Tugu Insurance telah membentuk Komite Pengarah Teknologi      Tugu Insurance has established Information Technology
  Informasi (“Komite”) dengan tujuan untuk membantu             Steering Committee (“Committee”) with the aim to assisting
  Direksi dalam melaksanakan tugas dan tanggung jawab           the Board of Directors in carrying out the duties and
  untuk memantau implementasi Manajemen Risiko dan              responsibilities of monitoring the implementation of Risk
  mengantisipasi potensi Risiko yang mungkin terjadi            Management and anticipating potential risks that may occur
  seiring dengan pertumbuhan bisnis Perseroan, memantau         in line with Tugu Insurance’s business growth, monitoring
  perkembangan eksposur risiko, meninjau pelaksanaan serta      the development of risk exposure, reviewing the ongoing
  pengkinian kebijakan, proses dan prosedur Manajemen           implementation and updating the policies, processes, and
  Risiko yang berkelanjutan.                                    procedures of Risk Management.


  Susunan Keanggotaan, Dasar Pengangkatan, dan Masa Jabatan
  Membership Composition, Basis of Appointment, and Term of Office

  Ketentuan atas pengangkatan dan masa jabatan Komite           Provisions for the appointment and term of office of the
  Pengarah Teknologi Informasi sebagai berikut:                 Information Technology Steering Committee are as follows:
  1. Anggota Komite diangkat dan diberhentikan oleh             1. Committee members are appointed and dismissed by
     Direksi, berdasarkan rekomendasi dari Komite. Komite           the Board of Directors, based on the recommendation
     bersifat independen dan bertanggung jawab langsung             from the Committee. The Committee is independent and
     kepada Direksi;                                                responsible directly to the Board of Directors;
  2. Masa kerja anggota Komite adalah 3 (tiga) tahun dan        2. The term of office for Committee members is 3 (three)
     dapat diangkat kembali dengan tidak mengurangi hak             years and can be reappointed without prejudice to the
     Direksi untuk mengubah susunan Komite sewaktu-waktu;           Board of Directors’ authorities to change the composition
  3. Komite terdiri atas Ketua Komite merangkap sebagai             of the Committee at any time;
     Anggota Komite;                                            3. The Committee consists of the Committee’s Chairman
  4. Komite terdiri atas Wakil Ketua Komite merangkap               concurrently serves as Committee Member;
     sebagai Anggota Komite;                                    4. The Committee consists of the Committee’s Deputy
  5. Komite terdiri atas Sekretaris merangkap sebagai               Chairman concurrently serves as Member of
     Anggota Komite;                                                the Committee;
  6. Anggota Komite terdiri dari Anggota Tetap dengan hak       5. The Committee consists of a Secretary concurrently
     suara dan Anggota tanpa hak suara;                             serves as Committee Member;
  7. Setiap anggota wajib memenuhi ketentuan hukum              6. Committee members consist of Permanent Members with
     serta regulasi yang berlaku, dengan komposisi anggota          voting rights and Members without voting rights;
     sebagai berikut:                                           7. Each member must comply with applicable laws and
     • Ketua Komite/Anggota Tetap: Direktur Keuangan dan            regulations, with the composition of members as follows:
         Layanan Korporat;                                          • Committee Chairman/Permanent Member: Finance
     • Wakil Ketua/Anggota Tetap: Direktur Kepatuhan &                  and Corporate Services Director;
         Manajemen Risiko;                                          • Deputy Chairman/Permanent Member: Compliance &
     • Sekretaris/Anggota Tetap: Information Technology                 Risk Management Director;
         Group Head;                                                • Secretary/Permanent Member: Information
     • Anggota Tetap:                                                   Technology Group Head;
         - Direktur Pemasaran Asuransi;                             • Permanent Members:
         - Direktur Teknik Technical Director;                          - Insurance Marketing Director;
         - Compliance Group Head;                                       - Technical Director;
         - ERM & Legal Group Head;                                      - Compliance Group Head;
         - Financial Planning & Evaluation Group Head;                  - ERM & Legal Group Head;
         - Corporate Strategy & Transformation Group Head.              - Financial Planning & Evaluation Group Head;
                                                                        - Corporate Strategy & Transformation Group Head.


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      Corporate Governance                    Corporate Social Responsibility                   Audited Report




     • Anggota Tidak Tetap:                                                         • Non-Permanent Members:
       Pejabat tertinggi pada fungsi yang terkait dengan                              The highest official in the function related to the topic
       topik yang dibahas dan/atau direkomendasikan                                   discussed and/or recommended in the Information
       dalam Komite Pengarah Teknologi Informasi,                                     Technology Steering Committee, except for the
       kecuali pengusul untuk transaksi atau hal-hal yang                             proposers of transactions or matters deviating from
       menyimpang dari prosedur normal.                                               normal procedures.

Adapun susunan Komite Pengarah Teknologi Informasi per                           Composition of Tugu Insurance IT Steering Committee as of
Desember 2023, sebagai berikut:                                                  December 2023:


            Posisi                        Nama                     Jabatan                Dasar Pengangkatan                    Masa jabatan
            Position                      Name                       Title                Basis of Appointment                  Term of Office
 Ketua/Anggota Tetap           Emil Hakim                  Direktur Keuangan &         Komite Pengarah Teknologi        3 (tiga) tahun dan dapat
 Chairperson/Permanent                                     Layanan Korporat            Informasi dibentuk               diangkat kembali dengan tidak
 Member                                                    Finance and Corporate       berdasarkan Surat Keputusan      mengurangi hak Direksi untuk
                                                           Services Director           Direksi No. 19/SKD/05/           mengubah susunan Komite
 Wakil Ketua/Anggota Tetap     Edi Yoga Prasetyo           Direktur Kepatuhan &        LEC-ATPI/XI/2023 tanggal         Pengarah TI sewaktu-waktu.
 Deputy Chairperson/                                       Manajemen Risiko            6 November 2023, tentang         3 (three) years, and can
 Permanent Member                                          Compliance & Risk           Perubahan Susunan Pengarah       be reappointed without any
                                                           Management Director         Teknologi Informasi PT           prejudice to the Board of
                                                                                       Asuransi Tugu Pratama            Directors authority to change
 Sekretaris/Anggota Tetap      Achmad Taufik Firdaus       Information Technology                                       the composition of IT Steering
                                                                                       Indonesia Tbk.
 Secretary/Permanent                                       Group Head                                                   Committee at any time
 Member
                                                                                       The Information Technology
 Anggota Tetap                 Ery Widiatmoko              Direktur Pemasaran          Steering Committee was
 Permanent Member                                          Asuransi                    formed based on Decree
                                                           Insurance Marketing         of the Board of Directors
                                                           Director                    No. 19/SKD/05/LEC-ATPI/
                                                                                       XI/2023 dated 6 November
                               Sudarlin                    Direktur Teknik             2023, concerning Changes
                                                           Technical Director          in the Composition of
                                                                                       Information Technology
                                                                                       Directors of PT Asuransi Tugu
                               Ismawati                    ERM & Policy Group          Pratama Indonesia Tbk.
                                                           Head
 Anggota Tidak Tetap           Pejabat yang terkait dengan topik yang dibahas dan/atau direkomendasikan dalam Komite Pengarah TI, kecuali
 Non-Permanent Member          pengusul untuk transaksi atau hal-hal yang menyimpang dari prosedur normal.
                               The officers who are related to the topic discussed and/or recommended in the IT Steering Committee, except the
                               proposer of the transactions or things deviating from normal procedures.


Profil Komite Pengarah Teknologi Informasi
Profile of IT Steering Committee Members
                   Nama                                     Jabatan
 No
                   Names                                    Position
 1      Emil Hakim                 Direktur Keuangan dan Layanan Korporat                      Untuk Profil Bapak Emil Hakim dapat dilihat pada profile
                                   Finance and Corporate Services Director                     Direksi pada Laporan Tahunan ini.
                                                                                               The profile of Mr. Emil Hakim can be found in the
                                                                                               Directors' profile in this Annual Report.
 2      Edi Yoga Prasetyo          Direktur Kepatuhan & Manajemen Risiko                       Untuk Profil Bapak Edi Yoga Prasetyo dapat dilihat pada
                                   Compliance & Risk Management Director                       profile Direksi pada Laporan Tahunan ini.
                                                                                               The profile of Mr. Edi Yoga Prasetyo can be found in the
                                                                                               Directors' profile in this Annual Report.
 3      Sudarlin                   Direktur Teknik                                             Untuk Profil Bapak Sudarlin dapat dilihat pada profile
                                   Technical Director                                          Direksi pada Laporan Tahunan ini.
                                                                                               The profile of Mr. Sudarlin can be found in the
                                                                                               Directors' profile in this Annual Report.




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           Performance Review        Management Report                  Company Profile                Management Discussion and Analysis




                        Nama                             Jabatan
      No
                        Names                            Position
      4      Ery Widiatmoko      Direktur Pemasaran Asuransi                                Untuk Profil Bapak Ery Widiatmoko dapat dilihat pada
                                 Insurance Marketing Director                               profile Direksi pada Laporan Tahunan ini.
                                                                                            The profile of Mr. Ery Widiatmoko can be found in the
                                                                                            Directors' profile in this Annual Report.
      5      Ismawati            ERM & Policy Group Head                                    Untuk Profil Ibu Ismawati dapat dilihat pada profile
                                                                                            Anggota Komite Investasi pada Laporan Tahunan ini.
                                                                                            The profile of Ms. Ismawati can be found in the profile
                                                                                            of the Investment Committee Members in this Annual
                                                                                            Report.




                                                 Achmad Taufik Firdaus
                                                 Sekretaris Pengarah Teknologi Informasi | Secretary of IT Steering Committee


                                                 Kewarganegaraan             Indonesia
                                                 Citizenship
                                                 Tempat, Tanggal Lahir       10 November 1969
                                                 Birthdate/Place
                                                 Usia                        54 tahun
                                                 Age                         54 years old
                                                 Domisili                    Jakarta Selatan
                                                 Domicile                    South Jakarta



      Pendidikan dan Pelatihan   Sarjana Komputer, STMIK Gunadarma, 1988.                   Bachelor of Computers, STMIK Gunadarma, 1988.
      Education and Training
      Riwayat Pekerjaan          •   IT Group Head, PT Asuransi Tugu Pratama                •   IT Group Head, PT Asuransi Tugu Pratama
      Work Experience                Indonesia Tbk (2016-sekarang).                             Indonesia Tbk (2016-present).
                                 •   Account Director PERTAMINA Business, PT Asuransi       •   Account Director of PERTAMINA Business, PT
                                     Tugu Pratama Indonesia Tbk (2010-2016).                    Asuransi Tugu Pratama Indonesia Tbk (2010-2016).
                                 •   IT Operation Manager, PT Asuransi Tugu Pratama         •   IT Operation Manager, PT Asuransi Tugu Pratama
                                     Indonesia Tbk (2003-2010).                                 Indonesia Tbk (2003-2010).
                                 •   Network Operation & Technical Support Supervisor,      •   Network Operation & Technical Support Supervisor,
                                     PT Asuransi Tugu Pratama Indonesia Tbk (1997-              PT Asuransi Tugu Pratama Indonesia Tbk (1997-
                                     2003).                                                     2003).
                                 •   Technicall Staff IT, PT Asuransi Tugu Pratama          •   IT Technical Staff, PT Asuransi Tugu Pratama
                                     Indonesia Tbk (1994-1997).                                 Indonesia Tbk (1994-1997).
      Rangkap Jabatan            Information Technology Group Head.
      Concurrent Position
      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan anggota Dewan      Has no affiliation with members of the Board of
      Affiliation Relation       Komisaris, Direksi dan Pemegang Saham utama/               Commissioners, Directors and Major/Controlling
                                 Pengendali.                                                Shareholders.




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    Corporate Governance                      Corporate Social Responsibility                   Audited Report




Program Peningkatan Kompetensi Komite Pengarah Teknologi Informasi
IT Steering Committee’s Competency Enhancement Program

Komite Pengarah Teknologi Informasi telah mengikuti                              Members of the IT Steering Committee enhanced their
program peningkatan kompetensi sepanjang tahun 2023,                             competencies in 2023 by participating in the following
antara lain:                                                                     competency enhancement programs:


              Nama                           Kegiatan/Program                          Tanggal/tempat                       Penyelenggara
              Name                           Activities/Programs                          Date/Place                          Organizer
 Emil Hakim                       Informasi peningkatan kompetensi/pelatihan Bapak Emil Hakim dapat dilihat pada informasi peningkatan
                                  kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                  Information on competency enhancement/training of Mr. Emil Hakim can be found in the information on
                                  competency enhancement/training of members of the Board of Directors in this governance chapter.
 Edi Yoga Prasetyo                Informasi peningkatan kompetensi/pelatihan Bapak Edi Yoga Prasetyo dapat dilihat pada informasi peningkatan
                                  kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                  Information on competency enhancement/training of Mr. Edi Yoga Prasetyo can be found in the information on
                                  competency enhancement/training of members of the Board of Directors in this governance chapter.
 Sudarlin                         Informasi peningkatan kompetensi/pelatihan Bapak Sudarlin dapat dilihat pada informasi peningkatan
                                  kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
                                  Information on competency enhancement/training of Mr. Sudarlin can be found in the information on competency
                                  enhancement/training of members of the Board of Directors in this governance chapter.
 Ismawati                         Informasi peningkatan kompetensi/pelatihan Ibu Ismawati dapat dilihat pada informasi peningkatan kompetensi/
                                  pelatihan anggota Komite Investasi ada bab tata kelola ini.
                                  Information on Ms. Ismawati's competency enhancement/training can be found in the information on competency
                                  enhancement/training for Investment Committee members in this governance chapter.
 Achmad Taufik Firdaus            People Management Development            Jakarta, 22-24 Februari 2023            HR Excellency
                                  Program Batch 4.                         Jakarta, 22-24 February 2023
                                  Risk Management Forum Pertamina          Jakarta, 16 Maret 2023                  Tugu Institute X ERM & Legal
                                  Group 2023.                              Jakarta, 16 March 2023                  Group
                                  Risk Management Strategy in The          Jakarta, 18 Maret 2023                  WDA
                                  Hardening Insurance Market.              Jakarta, 18 March 2023
                                  tiShare 008 : Sosialisasi                Jakarta, 29 Mei 2023                    Tugu Institute X Human Capital
                                  Pengelolaan Talent dan Rencana           Jakarta, 29 May 2023                    & Services
                                  Suksesi.
                                  tiShare 008: Dissemination of
                                  Talent Management and Succession
                                  Planning.
                                  tiLearn 042: Implementasi SMAP           Jakarta, 8 Juni 2023                    Tugu Institute X Compliance
                                  Dalam Menunjang Kegiatan                 Jakarta, 8 June 2023
                                  Operasional Perusahaan.
                                  tiLearn 042: Implementation
                                  of SMAP to Support Company
                                  Operational Activities.
                                  Coaching For Empowering Your             Jakarta, 30 Agustus 2023                IKIGAI
                                  Team.                                    Jakarta, 30 August 2023
                                  tilearn 052 : Keynote Speech             Jakarta, 16 November 2023               Legal & Compliance Group
                                  Perlindungan Data Pribadi.
                                  tilearn 052 : Keynote Speech on
                                  Personal Data Protection.
                                  tilearn 053 : Perlindungan Data          Jakarta, 21 November 2023               Legal & Compliance Group
                                  Pribadi/UU PDP.
                                  tilearn 053 : Personal Data
                                  Protection/PDP Law.
                                  tilearn 054 : APU, PPT & PPPSPM di       Jakarta, 12 Desember 2023               Legal & Compliance Group
                                  Sektor Jasa Keuangan                     Jakarta, 12 December 2023
                                  Berbasis POJK No. 8 Tahun 2023.
                                  tilearn 054 : AML, CFT &
                                  Proliferation of WMD in the Financial
                                  Services Sector Based on POJK No.
                                  8 of 2023"




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          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  Tugas dan Tanggung Jawab
  Duties and Responsibilities

  Komite Pengarah TI Tugu Insurance mengemban tugas dan              Tugu Insurance’s IT Steering Committee has the following
  tanggung jawab sebagai berikut:                                    duties and responsibilities:
  1. Menetapkan rencana pengembangan teknologi informasi             1. Determining information technology development
     dan kebijakan Perusahaan terkait dengan penggunaan                  plans and the Company’s policies related to the use of
     teknologi informasi;                                                information technology;
  2. Perumusan kebijakan dan prosedur teknologi informasi            2. Formulating key information technology policies and
     yang utama seperti kebijakan pengamanan teknologi                   procedures such as information technology security
     informasi dan manajemen risiko terkait dengan                       policies and risk management related with the use of
     penggunaan teknologi informasi;                                     information technology;
  3. Kesesuaian proyek teknologi informasi yang disetujui            3. Conformity of the approved information technology
     dengan rencana pengembangan teknologi informasi;                    projects with information technology development plans;
  4. Kesesuaian antara pelaksanaan proyek teknologi                  4. Conformity of the implementation of information
     informasi dengan rencana proyek yang disepakati (project            technology projects with the agreed project plans (project
     charter);                                                           charters);
  5. Kesesuaian penyelenggaraan teknologi informasi sesuai           5. Conformity of the implementation of information
     dengan kebutuhan sistem informasi manajemen dan                     technology in accordance with the needs of management
     kebutuhan kegiatan usaha Perusahaan;                                information systems and the needs of the Company’s
  6. Efektivitas mitigasi risiko atas investasi Perusahaan pada          business activities;
     sektor teknologi informasi agar investasi Perusahaan            6. The effectiveness of risk mitigation on the Company’s
     pada sektor teknologi informasi memberikan kontribusi               investment in the information technology sector so
     terhadap pencapaian tujuan Perusahaan;                              that the Company’s investment in the information
  7. Pemantauan atas kinerja teknologi informasi dan upaya               technology sector contributes to the achievement of the
     peningkatan kinerja teknologi informasi;                            Company’s goals;
  8. Upaya penyelesaian berbagai masalah terkait teknologi           7. Monitoring the information technology performance and
     informasi yang tidak dapat diselesaikan oleh satuan kerja           efforts to improve information technology performance;
     pengguna dan penyelenggara, secara efektif, efisien dan         8. Efforts to resolve various problems related to information
     tepat waktu.                                                        technology that cannot be resolved by work units of
  9. Kecukupan dan alokasi sumber daya teknologi informasi               users and administrators in an effective, efficient and
     yang dimiliki oleh Perusahaan.                                      timely manner;
                                                                     9. Adequacy and allocation of information technology
                                                                         resources owned by the Company.

  Komite Pengarah TI memiliki pedoman dalam melaksanakan             The IT Steering Committee has guidelines in conducting
  tugasnya yang dituangkan dalam Term of Reference (ToR)             their duties, as outlined in the Terms of Reference of
  Komite Pengarah TI PT Asuransi Tugu Pratama Indonesia Tbk.         the IT Steering Committee of PT Asuransi Tugu Pratama
                                                                     Indonesia Tbk.

  Kebijakan dan Pelaksanaan Rapat
  Meeting Policy and Implementation Policy

  Komite Pengarah TI wajib melakukan rapat berkala dengan            The IT Steering Committee must conduct regular meetings
  ketentuan sebagai berikut:                                         with the following stipulations:
  1. Rapat Komite diselenggarakan minimal adalah 4 (empat)           1. The Committee meetings are held at least 4 (four) times
     kali dalam 1 (satu) tahun atau dapat diselenggarakan                in a year or can be held at any time as needed;
     setiap saat sesuai dengan kebutuhan;                            2. The meeting is chaired by the Committee Chairman.
  2. Rapat dipimpin oleh ketua komite. Apabila ketua komite              If the Committee Chairman is unable to attend, then
     tidak dapat hadir, maka rapat komite akan dipimpin oleh             the committee meeting will be chaired by the Deputy
     wakil ketua atau ketua pengganti;                                   Chairman or alternate chair;




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3. Sekretaris Komite melakukan persiapan rapat, membuat                         3. The Committee Secretary prepares for meetings,
    undangan, menentukan agenda rapat, dan mereview                                 makes invitations, determines the meeting agenda, and
    kesesuaian materi yang akan disampaikan dalam rapat;                            reviews the suitability of the material to be presented at
4. Hak suara hanya dimiliki oleh anggota komite yang                                the meeting;
    menjabat sebagai Direktur;                                                  4. Voting rights are only owned by committee members who
5. Dalam pelaksanaan rapat Komite Pengarah Teknologi                                serve as Directors;
    Informasi, selain dihadiri oleh Anggota Komite, Sekretaris                  5. In the implementation IT Steering Committee meetings,
    Komite dapat mengundang pihak-pihak (invitee) yang                              apart from being attended by Committee Members,
    dianggap terkait sesuai dengan agenda yang dibahas;                             the Committee Secretary may invite parties (invitees)
6. Rapat Komite Pengarah Teknologi Informasi adalah                                 deemed related with the agenda discussed;
    sah dan berhak mengambil keputusan yang mengikat                            6. An Information Technology Steering Committee meeting
    atau dianggap memenuhi kuorum apabila sekurang-                                 is legal and has the right to make binding decisions
    kurangnya dihadiri oleh 51% (lima puluh satu perseratus)                        or is deemed to meet a quorum if attended by at least
    dari jumlah anggota yang memiliki hak suara, dimana                             51% (fifty one percent) of the total members with voting
    dua di antaranya adalah Direktur yang membawahi                                 rights, of which two are Directors in charge of Information
    Teknologi Informasi dan Direktur yang membawahi fungsi                          Technology and the Director in charge of the risk
    manajemen risiko;                                                               management function;
7. Keputusan rapat Komite berdasarkan                                           7. Decisions of the Committee meetings are based on
    musyawarah mufakat;                                                             consensus deliberation;
8. Dalam hal tidak terjadi musyawarah mufakat,                                  8. In the event the consensus deliberation does not occur,
    pengambilan keputusan diambil melalui voting                                    decisions are taken by voting based on the agreed voting
    berdasarkan dengan hak suara setuju lebih dari ½ (satu                          rights of more than ½ (one-half) of the total votes in
    per dua) dari total suara dalam rapat;                                          the meeting;
9. Hasil rapat Komite wajib dituangkan dalam risalah rapat                      9. Results of the Committee meeting must be stipulated
    Komite Pengarah Teknologi Informasi dan disampaikan                             in the minutes of the Information Technology Steering
    kepada seluruh Direksi serta anggota rapat Komite;                              Committee meeting and submitted to all Directors and
10. Setiap perbedaan pendapat (dissenting opinion) dalam                            members of the Committee meeting;
    rapat harus secara jelas dinyatakan dalam Risalah Rapat                     10. Any dissenting opinion at the meeting must be clearly
    beserta alasannya;                                                              stated in the Minutes of Meeting along with the reasons;
11. Anggota Komite yang hadir maupun yang tidak hadir                           11. Committee members who are present and not present
    dalam rapat Komite Pengarah Teknologi Informasi berhak                          the Information Technology Steering Committee meeting
    menerima salinan risalah rapat Komite.                                          are entitled to receive a copy of the minutes of the
                                                                                    Committee meeting.




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      1    Kilas Kinerja              2   Laporan Manajemen               3   Profil Perusahaan            4   Analisis dan Pembahasan Manajemen
           Performance Review             Management Report                   Company Profile                  Management Discussion and Analysis




  Selama tahun 2023, Komite Pengarah Teknologi Informasi                          In 2023, the IT Steering Committee has held 2 meetings with
  telah menyelenggarakan 2 kali rapat dengan rincian                              information on the attendance level of members as follows:
  kehadiran sebagai berikut:


                         Nama                       Jumlah Rapat                        Jumlah Kehadiran                     Tingkat Kehadiran (%)
                         Name                        Total Meeting                       Total Attendance                       Attendance Rate
       Emil Hakim                                          2                                      2                                    100%
       Edi Yoga Prasetyo                                   1                                      1                                    100%
       Sudarlin                                            1                                      1                                    100%
       Ery Widiatmoko                                      2                                      2                                    100%
       Achmad Taufik Firdaus                               2                                      2                                    100%
       Ismawati                                            2                                      2                                    100%
       Budi P. Amir 1)                                     1                                      1                                    100%
       Tuty Ratnasari 2)                                   1                                      1                                    100%

  1)
     Sudah tidak lagi menjabat sebagai anggota Komite Pengarah Teknologi Informasi sejak ditutupnya RUPS Tahunan tanggal 28 April 2023.
  2)
     Sudah tidak lagi menjabat sebagai anggota Komite Pengarah Teknologi Informasi sejak 2 Juli 2023.
  1)
     No longer served as the member of the Information Technology Steering Committee since the closing of the Annual GMS on 28 April 2023.
  2)
     No longer served as the member of the Information Technology Steering Committee as of 2 July 2023.




  Laporan Pelaksanaan Tugas Komite Pengarah Teknologi Informasi
  Report on the Implementation of Information Technology Steering Committee’s Duties

  Komite membuat laporan berkala paling sedikit 1 (satu)                          The Committee makes a periodic report at least 1 (once)
  kali dalam satu tahun mengenai pelaksanaan tugas serta                          a year regarding the implementation of the duties and
  rekomendasi Komite. Laporan komite dibuat oleh Sekretaris                       recommendations of the Committee. The Committee report
  Komite dan wajib ditandatangani oleh Ketua Komite. Per                          is prepared by the Committee Secretary and must be signed
  31 Desember 2023, pelaksanaan kinerja Komite Pengarah                           by the Committee Chairman. As of 31 December 2023,
  Teknologi Informasi, antara lain:                                               the performance of the Information Technology Steering
                                                                                  Committee includes:
  1. Mengadakan rapat pada 14 Maret 2023 dengan agenda                            1. Held a meeting on 14 March 2023 with the agenda of
     Implementasi Sertifikasi ISO 27001:2013 (Information                             Implementing ISO 27001:2013 Certification (Information
     Security Management System);                                                     Security Management System);
  2. Mengadakan rapat pada 20 November 2023 dengan                                2. Held a meeting on 20 November 2023 with the agenda
     agenda pembedahan dan penjelasan progress terkait                                of discussion and explanation of progress regarding CSM
     CSM (Cyber Security Maturity) dan BCM (Business                                  (Cyber Security Maturity) and BCM (Business Continuity
     Continuity Management) tahun 2023                                                Management) in 2023.




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    5.D.
Sekretaris Perusahaan
Corporate Secretary



Sekretaris Perusahaan Tugu Insurance memiliki fungsi                            The Corporate Secretary of Tugu Insurance has a function
sebagai pihak penghubung yang menjembatani kepentingan                          as a liaison party bridging the interests between the
antara Perseroan dengan pihak eksternal, terutama                               Company and external parties, especially in maintaining
dalam menjaga persepsi publik atas citra Perseroan serta                        public perception of the Company’s image and implementing
melaksanakan keterbukaan informasi. Setiap informasi yang                       information disclosure. Any information submitted by the
disampaikan oleh Sekretaris Perusahaan kepada masyarakat                        Corporate Secretary to the public is official information from
merupakan informasi resmi dari Perseroan. Selain daripada                       the Company. In addition, the Corporate Secretary shall
itu, Sekretaris Perusahaan wajib memastikan pemenuhan                           ensure the Company’s compliance with capital market laws
kepatuhan perusahaan terhadap peraturan perundang-                              and regulations.
undangan di bidang pasar modal.


Kedudukan dan Penunjukan Sekretaris Perusahaan
Position and Appointment of Corporate Secretary

Ketentuan mengenai kedudukan dan penunjukan Sekretaris                          Provisions regarding the position and appointment of the
Perusahaan di Tugu Insurance adalah sebagai berikut:                            Corporate Secretary at Tugu Insurance are as follows:
1. Fungsi Sekretaris Perusahaan dapat dilaksanakan oleh                         1. The function of the Corporate Secretary can be carried
   orang perseorangan atau unit kerja yang dipimpin oleh                           out by an individual or work units led by one person
   satu penanggung jawab;                                                          in charge;
2. Sekretaris Perusahaan diangkat diberhentikan                                 2. The Corporate Secretary is appointed and dismissed
   berdasarkan Keputusan Direksi melalui mekanisme                                 based on the Decree of the Board of Directors through
   internal Perusahaan dengan persetujuan Dewan                                    the Company’s internal mechanism with the approval
   Komisaris. Dalam struktur organisasi Perseroan,                                 of the Board of Commissioners. In the Company’s
   Sekretaris Perusahaan bertanggung jawab kepada                                  organizational structure, the Corporate Secretary is
   Presiden Direktur;                                                              accountable to the President Director;
3. Sekretaris Perusahaan dapat dirangkap oleh seorang                           3. The Corporate Secretary can be concurrently held by
   anggota Direksi Perseroan, atau Perseroan dapat                                 a member of the Company’s Board of Directors, or the
   menetapkan dalam struktur organisasinya salah                                   Company can establish in its organizational structure
   satu pejabat 1 (satu) level di bawah Direksi sebagai                            one of its officials that is 1 (one) level below the Board of
   Sekretaris Perusahaan;                                                          Directors as the Corporate Secretary;
4. Sekretaris Perusahaan dilarang merangkap jabatan                             4. The Corporate Secretary is prohibited from holding
   apapun di perusahaan publik lain;                                               concurrent positions in other public companies;
5. Sekretaris Perusahaan Perseroan memiliki pengetahuan                         5. The Company’s Corporate Secretary should have
   mengenai peraturan yang berkaitan dengan Perseroan,                             knowledge of regulations that involve the Company, as
   hubungan masyarakat, keterampilan administratif dan                             well as public relations skills, administrative skills and
   pengalaman yang mendukung pelaksanaan tugasnya.                                 experience that supports the implementation of his/
                                                                                   her duties.

Keorganisasian Sekretaris Perusahaan
Organization of Corporate Secretary

Struktur organisasi Corporate Secretary Group Tugu                              The organizational structure of the Tugu Insurance Group
Insurance ditetapkan sesuai Keputusan Direksi No. 169/                          Corporate Secretary has been formed pursuant to the
SKD/04/HCM-OPR/ATPI/2023 tanggal 1 November 2023                                Decree of the Board of Directors No. 169/SKD/04/HCM-
tentang Struktur Organisasi PT Asuransi Tugu Pratama                            OPR/ATPI/2023 dated 1 November 2023 concerning the
Indonesia Tbk.                                                                  Organizational Structure of PT Asuransi Tugu Pratama
                                                                                Indonesia Tbk.


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          Performance Review         Management Report               Company Profile                 Management Discussion and Analysis




                                                            Corporate Secretary




               Government,                                                                                         Corporate
                                          Investor Relation                     BOD Office
             Public Relation &                                                                                  Communication &
                                             Department                         Department
             CSR Department                                                                                    Brand Departement




  Profil Pejabat Sekretaris Perusahaan
  Profile of Corporate Secretary

  Berdasarkan Surat yang telah dilaporkan ke OJK dengan No.              Based on Letter reported to the OJK No. 295/S/01/PD-
  295/S/01/PD-ATPI/XI/2023 tanggal 2 November 2023,                      ATPI/XI/2023 dated 2 November 2023 the position of
  posisi Sekretaris Perusahaan dijabat oleh Rudy Samudra                 Corporate Secretary is held by Rudy Samudra Kristanto.
  Kristanto. Profil Sekretaris Perusahaan Tugu Insurance dapat           The profile of the Tugu Insurance Company Secretary can be
  dilihat sebagai berikut:                                               summarized as follows:




                                                 Rudy Samudra Kristanto
                                                 Sekretaris Perusahaan | Corporate Secretary


                                                 Kewarganegaraan          Indonesia
                                                 Citizenship
                                                 Tempat, Tanggal Lahir    Cirebon, 9 Juni 1965
                                                 Birthdate/Place          Cirebon, 9 June 1965
                                                 Usia                     58 tahun
                                                 Age                      58 years old
                                                 Domisili                 Jakarta
                                                 Domicile



      Pendidikan dan Pelatihan   •   Risk Management Forum Pertamina Group               •   Pertamina Group Risk Management Forum (2023).
      Education and Training         (2023).
                                 •   People Management Development Program Batch         •   People Management Development Program Batch 3
                                     3 by HR Excellency (2023).                              by HR Excellency (2023).
                                 •   Recognition Current Competency (RCC) QCRO by        •   Recognition Current Competency (RCC) QCRO by WDA
                                     WDA (2023).                                             (2023).
                                 •   Stakeholder Management Best Practice (2022).        •   Stakeholder Management Best Practice (2022).
                                 •   Sarjana Ilmu Sosial dan Ilmu Politik dari           •   Bachelor of Social and Political Sciences from
                                     Universitas Parahyangan (1989).                         Parahyangan University (1989).




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     Corporate Governance                    Corporate Social Responsibility                   Audited Report




 Riwayat Pekerjaan                Menempati posisi strategi di PT Asuransi Tugu             Held strategic positions at PT Asuransi Tugu Pratama
 Work Experience                  Pratama Indonesia, Tbk sejak tahun 1992:                  Indonesia, Tbk since 1992:
                                  • Strategic Business III Group Head (2022-2023).          • Strategic Business III Group Head (2022-2023).
                                  • Direct Group Head (2018-2022).                          • Direct Group Head (2018-2022).
                                  • Account Director (2012-2014).                           • Account Director (2012-2014).
 Rangkap Jabatan                  Tidak memiliki rangkap jabatan di Tugu Insurance          Do not hold concurrent positions at Tugu Insurance or
 Concurrent Position              maupun perusahaan/lembaga lain.                           other companies/institutions.
 Hubungan Afiliasi                Tidak memiliki hubungan afiliasi dengan anggota           Has no affiliation with members of the Board of
 Affiliation Relation             Dewan Komisaris, Direksi dan Pemegang Saham               Commissioners, Board of Directors and Majority/
                                  Utama/Pengendali.                                         Controlling Shareholders.




Tugas dan Tanggung Jawab Sekretaris Perusahaan
Corporate Secretary’s Duties and Responsibilities

Dalam menjalankan peranan pentingnya dalam memfasilitasi                        In carrying out his pivotal role in facilitating communications
komunikasi antara organ perusahaan, hubungan antara                             between the Company’s organs, the relationship between the
Perseroan dengan stakeholders, dan kepatuhan terhadap                           Company and stakeholders, as well as ensuring compliance
peraturan yang berlaku, Sekretaris Perusahaan mengemban                         with applicable regulations, the Corporate Secretary has the
tugas dan tanggung jawab sebagai berikut:                                       following duties and responsibilities:
1. Menentukan besaran anggaran operasional Group                                1. Set the amount of the Group’s operational budget
   dan mengawasi penggunaan anggaran tersebut untuk                                 and supervise the use of the budget to ensure
   memastikan efektivitas anggaran;                                                 budget effectiveness;
2. Menetapkan sasaran dan target kerja Group serta                              2. Set the Group’s goals and work targets, and coordinate
   mengkoordinir dan mengevaluasi implementasinya untuk                             and evaluate their implementation to ensure that the
   memastikan pencapaian sasaran dan target kerja Group;                            Group’s goals are met;
3. Merekomendasikan kebutuhan jumlah SDM untuk                                  3. Recommend the number of human resources to
   memastikan efektivitas pencapaian sasaran dan target                             ensure the effectiveness of the Group’s goals and work
   kerja Group;                                                                     targets achievement;
4. Menilai kinerja dan kompetensi bawahan untuk                                 4. Assess the performance and competence of
   memastikan pencapaian kinerja individu dan                                       subordinates to ensure individual performance
   pengembangan kompetensi bawahan;                                                 achievement and development of their competencies;
5. Menyetujui/mengevaluasi keterlibatan pihak ketiga                            5. Approve and evaluate the involvement of third parties
   dan menunjuk pihak ketiga yang terlibat dalam proses                             and appoint the third parties involved in the Company’s
   komunikasi Perusahaan dan Tanggung Jawab Sosial                                  communication process, and corporate social
   Perusahaan (CSR) untuk memastikan efektivitas kerja di                           responsibility (CSR), so as to ensure work effectiveness
   Corporate Secretary Group;                                                       at the Corporate Secretary Group;
6. Mengevaluasi dan merekomendasikan perubahan                                  6. Evaluate and recommend changes to policies related
   kebijakan terkait proses komunikasi perusahaan                                   to corporate communication processes, and Corporate
   dan Tanggung Jawab Sosial Perusahaan (CSR) untuk                                 Social Responsibility (CSR) to improve the effectiveness
   meningkatkan efektivitas proses kerja di Corporate                               of work processes in the Corporate Secretary Group;
   Secretary Group;                                                             7. Oversee and evaluate the implementation of corporate
7. Mengawasi dan mengevaluasi pelaksanaan proses                                    communication processes as well as Corporate
   komunikasi perusahaan dan Tanggung Jawab Sosial                                  Social Responsibility (CSR) at the Corporate Secretary
   Perusahaan (CSR) di Corporate Secretary Group untuk                              Group, with a view to increasing the effectiveness of
   meningkatkan efektivitas proses kerja;                                           work processes;
8. Mengevaluasi pelaksanaan program kerja yang ada                              8. Evaluate the implementation of work programs in the
   di Corporate Secretary Group untuk mengidentifikasi                              Corporate Secretary Group to identify gaps between work
   kesenjangan antara program kerja dengan implementasi;                            programs and implementation;
9. Memastikan implementasi budaya dan nilai-nilai yang                          9. Ensure the implementation of the culture and values
   telah ditetapkan oleh Perusahaan pada lingkup Corporate                          set by the Company within the scope of the Corporate
   Secretary Group;                                                                 Secretary Group;




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023       345
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          Performance Review         Management Report          Company Profile           Management Discussion and Analysis




  10. Mengendalikan dan mengkoordinir seluruh kegiatan             10. Control and coordinate all communication activities
      komunikasi Perusahaan, hubungan masyarakat dan                   of the Company, public relations and play a role in
      berperan mendampingi Direksi dan/atau mewakili                   accompanying the Board of Directors and/or representing
      Perusahaan dalam berkomunikasi dengan pihak lain                 the Company in communicating with other parties
      yang memiliki kepentingan terhadap Perusahaan untuk              having interest in the Company to provide services to
      memberikan pelayanan kepada stakeholders atas setiap             stakeholders for any relevant information needed;
      informasi yang relevan yang dibutuhkan;                      11. Carry out the coordination process and become a
  11. Melaksanakan proses koordinasi dan menjadi                       liaison between the Board of Directors with the Board
      penghubung antara Direksi dengan Dewan Komisaris,                of Commissioners, Shareholders, the public, and the
      Pemegang Saham, masyarakat, media massa untuk                    mass media to establish good communications among
      menjalin komunikasi yang baik antar stakeholders;                stakeholders;
  12. Mengoordinir penyelenggaraan RUPST, RUPSLB,                  12. Coordinate the holding of the AGMS, EGMS, Board
      rapat Dewan Komisaris dan rapat Direksi, serta                   of Commissioners meetings and Board of Directors
      menghadiri rapat Direksi dan rapat gabungan antara               meetings, as well as attending Board of Directors
      Komisaris dengan Direksi. Sekretaris Perusahaan                  meetings and joint meetings between the Board of
      juga mengkoordinir penyusunan risalah rapat untuk                Commissioners and Board of Directors. The Corporate
      memastikan agenda-agenda rapat di tingkat Pemegang               Secretary also coordinates the preparation of minutes of
      Saham, Komisaris, dan Direksi terlaksana dengan baik;            meetings to ensure those meeting agendas at the levels
  13. Mengendalikan dan mengoordinir penyusunan Laporan                of Shareholders, the Board of Commissioners and the
      Tahunan Perusahaan (Annual Report) dan Laporan                   Board of Directors are carried out properly;
      Berkelanjutan (Sustainability Report), untuk memastikan      13. Control and coordinate the preparation for the
      tersedianya laporan tahunan dan laporan berkelanjutan            Company’s Annual Report and Sustainability Report
      Perusahaan secara komprehensif, akurat, menarik, tepat           to ensure the availability of the Company’s annual
      waktu dan sesuai dengan persyaratan regulasi;                    report and sustainability report in a comprehensive,
  14. Mengendalikan dan mengevaluasi pelaksanaan                       accurate, engaging, and timely manner, pursuant to
      program CSR yang bersifat strategis, komprehensif dan            regulatory requirements;
      berkesinambungan untuk memastikan program CSR                14. Control and evaluate the implementation of CSR
      terlaksana secara optimal;                                       programs that are strategic, comprehensive, and
  15. Mengendalikan dan mengkoordinir kegiatan                         sustainable to ensure that CSR programs are
      kesekretariatan perusahaan, penyimpanan dokumen                  optimally implemented;
      penting, serta pengelolaan dan pemutakhirkan                 15. Control and coordinate the Company’s secretarial
      informasi tentang Perseroan yang disampaikan kepada              activities, keeping important documents, as well as
      stakeholders dalam berbagai media untuk menjamin                 management and update of information regarding the
      akurasi dan ketersediaan dokumen penting dan informasi           Company submitted to stakeholders in various media
      mengenai Perseroan;                                              publications, to ensure the accuracy and availability
  16. Sebagai penghubung/mediator antara Direksi dan                   of important documents and information about
      pegawai dengan Dewan Komisaris, pemegang saham,                  the Company;
      regulator, asosiasi, masyarakat, media massa dan pihak       16. Act as a liaison/mediator between the Board of Directors
      eksternal lainnya;                                               and employees with the Board of Commissioners,
  17. Mengoordinir kegiatan-kegiatan atas perubahan                    shareholders, regulators, associations, the public, the
      dan perkembangan peraturan perundang-undangan                    mass media, and other external parties;
      yang terkait dengan bidang usaha perusahaan dan              17. Coordinate activities regarding changes and
      menganalisis dampaknya terhadap Perusahaan serta                 developments in laws and regulations related to the
      menyampaikan hasil kajian kepada Direksi.                        Company’s line of business and analyzes their impact on
                                                                       the Company and submits the results of the study to the
                                                                       Board of Directors.




346       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                      Corporate Social Responsibility                    Audited Report




Pelatihan Sekretaris Perusahaan
Corporate Secretary’s Training

Selama tahun 2023, Sekretaris Perusahaan secara rutin                            In 2023, the Corporate Secretary regularly attend various
mengikuti berbagai pelatihan, workshop, dan seminar yang                         training, workshops, and seminars, with the following details:
rinciannya sebagai berikut:


             Nama                            Kegiatan/Program                          Tanggal/tempat                        Penyelenggara
             Name                            Activities/Programs                          Date/Place                           Organizer
 Emil Hakim (menjabat sebagai     Informasi peningkatan kompetensi/pelatihan Bapak Emil Hakim dapat dilihat pada informasi peningkatan
 Corporate Secretary periode      kompetensi/pelatihan anggota Direksi pada bab tata kelola ini.
 1 Januari 2023-1 November        Information on competency enhancement/training of Mr. Emil Hakim can be found in the information on
 2023)                            competency enhancement/training of members of the Board of Directors in this governance chapter.

 Emil Hakim (serving as
 Corporate Secretary for the
 period of 1 January 2023-
 1 November 2023)
 Rudy Samudra (menjabat           People Management Development            Jakarta, 30 Januari-1 Februari 2023      Tugu Institute
 sebagai Corporate Secretary      Program Batch 3                          Jakarta, 30 January-1 February 2023
 periode 2 November 2023-         Recognition Current Competency           Jakarta, 2 Februari 2023                 WDA
 31 Desember 2023)                                                         Jakarta, 2 February 2023

 Rudy Samudra (serving as         Risk Management Forum Pertamina          Jakarta, 16 Maret 2023                   Tugu Institute
 Corporate Secretary for the      Group 2023                               Jakarta, 16 March 2023
 period of 2 November 2023-       tiLearn 042: Implementasi SMAP           Online, 8 Juni 2023                      Tugu Institute X Compliance
 31 December 2023)                Dalam Menunjang Kegiatan                 Online, 8 June 2023
                                  Operasional Perusahaan
                                  tiLearn 042: Implementation of
                                  Anti-bribery Management System to
                                  support the Operational Activities of
                                  the Company
                                  tiLearn 043 : Suretyship                 Hybrid, 15 Juni 2023                     Tugu Institute X Bank & Brokers
                                                                           Hybrid, 15 June 2023
                                  tiLearn 046 : Perlindungan Data          Online, 2 Agustus 2023                   Tugu Institute X Legal &
                                  Pribadi di Industri Jasa Keuangan        Online, 2 August 2023                    Compliance
                                  Setelah Disahkannya UU PDP
                                  tiLearn 046 : Personal Data
                                  Protection in the Financial Services
                                  Industry After the Enactment of the
                                  Personal Data Protection Law
                                  Specific Cargo Underwriting for Dry      Jakarta, 8 Agustus 2023                  IGNA ASIA
                                  and Bulk Cargoes                         Jakarta, 8 August 2023
                                  Coaching For Empowering Your Team        Jakarta, 30 Agustus 2023                 IKIGAI
                                                                           Jakarta, 30 August 2023
                                  tilearn 047 : Right Service              Jakarta, 23 Oktober 2023                 Strategic Partnership Group
                                  Experience for The Right Customer        Jakarta, 23 October 2023
                                  tilearn 054 : APU, PPT & PPPSPM          Online, 12 Desember 2023                 Legal & Compliance Group
                                  di Sektor Jasa Keuangan Berbasis         Online, 12 December 2023
                                  POJK No. 8 Tahun 2023
                                  tilearn 054 : AML, CFT &
                                  Proliferation of WMD in the
                                  Financial Services Sector Based on
                                  POJK No. 8 of 2023




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                       ANNUAL REPORT 2023       347
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          Performance Review            Management Report             Company Profile             Management Discussion and Analysis




  Laporan Pelaksanaan Tugas Sekretaris Perusahaan
  Report on Implementation of Corporate Secretary Duties

  Sekretaris Perusahaan senantiasa menjalankan tugas                     The Corporate Secretary always carries out duties to
  untuk memfasilitasi komunikasi antara organ perusahaan,                facilitate communication between company organs,
  hubungan antara Perseroan dengan stakeholders, dan                     relations between the Company and stakeholders, and
  kepatuhan terhadap peraturan yang berlaku. Per Desember                compliance with applicable regulations. As of December
  2023, pelaksanaan tugas Sekretaris Perusahaan antara lain:             2023, the implementation of the duties of the Corporate
                                                                         Secretary includes:
  1. Government, Public Relation & CSR                                   1. Government, Public Relations & CSR
     Melakukan kegiatan komunikasi eksternal perusahaan                      Conducting external Company communication activities
     dan penyebaran informasi perusahaan ke berbagai                         and disseminating Company information to various
     channel media (massa/elektronik/online/digital) serta                   media channels (mass/electronic/online/digital) as
     menjalin hubungan harmonis dengan seluruh pemangku                      well as establishing harmonious relationships with all
     kepentingan dan masyarakat umum. Dalam membangun                        stakeholders and public. In building good cooperation
     kerjasama yang baik dengan pihak eksternal,                             with external parties, the Government, Public Relations
     Government, Public Relation & CSR Department                            & CSR Department has duties and responsibilities
     mempunyai tugas dan tanggung jawab sebagai Media                        as Media Relations & Engagement to maintain good
     Relations & Engagement untuk menjaga hubungan                           relations between Tugu Insurance and fellow journalists/
     baik antara Tugu Insurance dengan rekan jurnalis/                       media reporter.
     wartawan media.

          Sepanjang tahun 2023, Government, Public Relation &                 Throughout 2023, the Government, Public Relations &
          CSR Department telah melakukan serangkaian kegiatan                 CSR Department has carried out a series of activities in
          dalam media relations & engagement di antaranya                     media relations & engagement, such as gatherings with
          kegiatan silahturahmi dengan wartawan media berupa                  media journalists in the form of online media visits, and
          media visit online, media interview serta media courtesy            media interviews, as well as conducting media courtesy
          & gathering dengan wartawan.                                        & gatherings with journalists.

          Government, Public Relation & CSR Department                        The Government, Public Relations & CSR Department
          juga melakukan Media Monitoring & Analysis untuk                    also performed Media Monitoring & Analysis to
          memberikan informasi terkait berbagai pemberitaan                   provide information related to news in various media
          di media baik itu mengenai Tugu Insurance Bisnis                    publication, either news on Tugu Insurance Business
          Grup, Regulasi maupun lingkup hal yang berkaitan                    Group, regulations or the scope of matters relating to
          dengan Perseroan. Media Monitoring juga berperan                    the Company. Media Monitoring also plays a role in
          dalam perhitungan PR Value dan Advertorial Value di                 determining PR Value and Advertorial Value in published
          pemberitaan Tugu Insurance yang terpublikasi. Selain                Tugu Insurance news. Moreover, the Government, Public
          itu, Government, Public Relation & CSR Department                   Relations & CSR Department also periodically publishes
          secara berkala juga menerbitkan Press Release dan                   Press Releases and Summary on Financial Reports in
          melaksanakan Publikasi Ringkasan Laporan Keuangan                   accordance with applicable rules and regulations.
          sesuai dengan peraturan dan regulasi yang berlaku.

          Government, Public Relation & CSR Department juga                   The Government, Public Relations & CSR Department
          telah melaksanakan kewajiban pelaporan kepada                       has also carried out reporting obligations to the
          Regulator (Otoritas Jasa Keuangan dan Bursa Efek                    Regulator (Financial Services Authority and Indonesian
          Indonesia) atas kewajiban pelaporan yang bersifat rutin             Stock Exchange) for routine and special (ad hoc)
          maupun khusus (ad hoc), serta melakukan entry data                  reporting obligations, as well as carrying out data
          hingga monitoring di sistem aplikasi/website Regulator              entry and monitoring on the Regulator's application
          yaitu SIPO, SIJINGGA, SIPEDULI dan SPE IDXnet.                      system/website, namely SIPO, SIJINGGA, SIPEDULI and
                                                                              SPE IDXnet.

          Government, Public Relation & CSR Department                        The Government, Public Relations & CSR Department has
          telah melakukan pelaporan Rencana Aksi Keuangan                     reported the Sustainable Financial Action Plan (RAKB)
          Berkelanjutan (RAKB) untuk periode 2024 serta                       for the 2024 period and carried out Corporate Social
          melaksanakan kegiatan Corporate Social Responsibility               Responsibility activities in the Bakti TUGU series which



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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




    dalam rangkaian Bakti TUGU yang terdiri dari 4 (empat)                         consists of 4 (four) pillars of activities, namely, Bakti for
    pilar kegiatan yaitu, Bakti untuk Kesehatan dan                                Health and Safety, Bakti for the Environment Life, Bakti
    Keselamatan, Bakti untuk Lingkungan Hidup, Bakti untuk                         for education, and Bakti for economic empowerment.
    Pendidikan dan Bakti untuk Pemberdayaan Ekonomi.

    Pembahasan mengenai kegiatan CSR yang telah                                    The discussion regarding CSR activities that have been
    dilakukan selama tahun 2023 dipaparkan secara                                  carried out in 2023 is presented more comprehensively
    lebih komprehensif dalam Laporan Keberlanjutan                                 in the Company's 2023 Sustainability Report.
    (Sustainability Report) 2023 Perseroan.

2. Investor Relations                                                           2. Investor Relations
   Investor Relation Departement merupakan bagian dari                             The Investor Relations Department is part of the
   Corporate Secretary Group yang secara aktif melakukan                           Corporate Secretary Group which actively holds meetings
   pertemuan dengan analis dan korespondensi dengan                                with analysts and corresponds with investors to provide
   investor untuk memberikan informasi terkini perihal                             the latest information regarding the Company's condition
   kondisi dan kinerja Perseroan.                                                  and performance.

    Sepanjang tahun 2023, Investor Relations telah                                 Throughout 2023, Investor Relations has coordinated
    mengkoordinasikan penyelenggaraan Rapat Umum                                   the holding of the 2022 Annual General Meeting
    Pemegang Saham Tahunan (RUPST) Tahun Buku 2022                                 of Shareholders (AGMS) on 28 April 2023, and the
    pada tanggal 28 April 2023, dan Public Expose pada                             Public Expose on 11 December 2023, including
    11 Desember 2023 termasuk menyusun Laporan                                     preparing the 2022 Annual Report to obtain approval
    Tahunan 2022 untuk mendapatkan persetujuan dari                                from shareholders.
    pemegang saham.

    Investor Relations bersama dengan Manajemen                                    Together with Company’s Management, the Investor
    Perseroan juga melakukan pertemuan dengan para                                 Relation also held meetings with investors and analysts
    investor dan analis dari beberapa perusahaan sekuritas                         from several securities companies to provide the
    guna memberikan informasi terkini kinerja keuangan dan                         latest information on the Company's financial and
    operasional perusahaan.                                                        operational performance.

3. BOD Office                                                                   3. BOD Office
   BOD Office merupakan fungsi yang mengoordinir seluruh                           The BOD Office is a function that coordinates all
   kegiatan Direksi, serta memastikan terpenuhinya                                 activities of the Board of Directors, as well as ensuring
   pelaporan serta dokumentasi terkait kewajiban Direksi                           the fulfillment of reporting and documentation related to
   Perseoran sesuai dengan ketentuan dan perundangan                               the obligations of the Company's Board of Directors, in
   yang berlaku.                                                                   accordance with applicable regulations and laws.

    Pada tahun 2023 BOD Office telah melaksanakan                                  In 2023, the BOD Office has done various series of
    berbagai rangkaian kegiatan diantaranya adalah                                 activities including Performance Review (for parent
    Performance Review (induk) dan Performance Dialogue                            entity) and Performance Dialogue (for Subsidiaries) to
    (Anak Perusahaan) untuk pengendalian terhadap                                  control corporate performance, coordinated the holding
    kinerja korporat, pelaksanaan kegiatan retreat Direksi                         of Directors' retreat to preparing corporate strategic
    dalam rangka penyusunan arahan strategi korporat                               directions, coordinated the holding of Planning Cycle
    oleh Manajemen, Pelaksanaan Planning Cycle untuk                               for the preparation of functions as aderivative of the
    penyusunan fungsi yang merupakan turunan dari strategi                         2024 corporate strategy that has been set, as well as
    korporat 2024 yang telah dibuat, serta koordinasi                              coordinating the implementation of regular Board of
    pelaksanaan Meeting Direksi secara rutin.                                      Directors Meetings.

4. Corporate Communication & Brand                                              4. Corporate Communication & Brand
   Corporate Communication & Brand Departemen                                      Corporate Communication & Brand Department is
   merupakan bagian dari Corporate Secretary Group,                                part of the Corporate Secretary Group, which has the
   memiliki tanggung jawab dalam melakukan pengelolaan                             responsibility for managing the brand through various
   merek melalui berbagai aktivitas untuk meningkatkan                             activities to improve the Company's image both internally
                                                                                   and externally through communication strategies that



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          Performance Review             Management Report           Company Profile                Management Discussion and Analysis




          citra perusahaan baik secara internal maupun eksternal             are in line with the Company's product and service
          melalui strategi komunikasi yang sesuai dengan target              target segments.
          segmen produk dan layanan Perusahaan.

          Pada tahun 2023, Corporate Communication & Brand                   In 2023, the Corporate Communication & Brand
          Departemen melakukan berbagai kampanye merek                       Department has carried out various brand campaigns
          ataupun aktivitas promosi melalui kanal media digital              or promotional activities through the Company's digital
          yang dimiliki perusahaan (Website dan Sosial Media)                media channels (Website and Social Media) as well as
          maupun kanal media mainstream lainnya serta aktivasi               other mainstream media channels and offline external
          offline kepada eksternal untuk meningkatkan tingkat                activations to increase the Company's brand and
          kesadaran merek perusahaan dan produk.                             products awareness.

          Selain itu, Corporate Communication & Brand                        Futhermore, the Corporate Communication & Brand
          Departemen juga terus memberikan support kepada                    Departement also continues to support the Company's
          fungsi internal perusahaan dalam penyediaan                        internal functions in providing the Marketing Kits/
          Marketing Kit/Promotional Tools yang dibutuhkan, serta             Promotional Tools, as well as collaborating with related
          berkolaborasi dengan fungsi terkait atas berjalannya               functions to run the campaigns in the Company
          kampanye di perusahaan terkait internalisasi Core Value            to internalize AKHLAK as the Core Value of SOEs’
          BUMN dan Pertamina yaitu AKHLAK.                                   and Pertamina.

          Melanjutkan transformasi merek yang dilakukan 2018                 Continuing the brand transformation that has been
          silam, di tahun ini Corporate Communication & Brand                carried out since 2018, this year, the Corporate
          Departemen kembali melakukan research terkait                      Communication & Brand Department returned to conduct
          Customer Satisfaction & Loyalty Index kepada masyarakat            another research regarding the Customer Satisfaction &
          umum, existing customer serta business partners, dengan            Loyalty Index for the general public, existing customers
          hasil skor Customer Satisfaction Index & Loyalty Index             and business partners, with the Customer Satisfaction
          sebesar 4,28. Sedangkan NPS (Net Promoter Score)                   Index & Loyalty Index score of 4.28. Meanwhile, the NPS
          berhasil didapatkan di angka 58,4% atau 4,59 dari skala            (Net Promoter Score) was recorded at 58.4% or 4.59 on
          5,00.                                                              a scale of 5.00.

          Strategi Komunikasi Perusahaan 2024 akan mulai                     The 2024 Corporate Communication Strategy will begin
          diselaraskan dengan hasil riset lainnya demi mencapai              to be aligned with other research results in order to
          Visi Perusahaan menjadi Asuransi umum nomor satu di                achieve the Company's Vision to become the number
          Indonesia, yang dapat memberikan inovasi produk terbaik            one general insurance in Indonesia, that provide the best
          serta layanan prima untuk lebih baik.                              product innovation and excellent service for the better.

  Dalam menjalankan kegiatan membangun hubungan                         In carrying out activities to build relationships with
  dengan Regulator dan memenuhi kewajiban penyampaian                   Regulators and fulfill the obligation to submit information
  informasi kepada Regulator, Sekretaris Perusahaan                     to Regulators, the Corporate Secretary has submitted
  telah menyampaikan korespondensi kepada OJK dan BEI                   correspondence to the OJK and IDX throughout 2023,
  sepanjang tahun 2023, antara lain sebagai berikut:                    including the following:


                    Nomor Surat                 Tanggal           Kepada                                     Perihal
      No.
                    Letter Number                 Date              To                                      Regarding
      1      001/S/01/COS-ATPI/I/2023        2 Januari 2023         OJK           Laporan Hutang Valas Periode Desember 2022.
                                             2 January 2023   Financial Service   Forex Debt Report for December 2022 Period.
                                                                  Authority
      2      002/S/01/COS-ATPI/I/2023        5 Januari 2023          BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                             5 January 2023   Indonesian Stock    Pratama Indonesia Tbk.
                                                                  Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                  Pratama Indonesia Tbk.
      3      006/S/01/COS-ATPI/II/2023      3 Februari 2023         OJK           Laporan Bulanan Hutang Valas Periode Januari 2023.
                                            3 February 2023   Financial Service   Forex Debt Report for January 2023 Period.
                                                                  Authority




350       LAPORAN TAHUNAN 2023                                                                           PT Asuransi Tugu Pratama Indonesia Tbk
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      Corporate Governance                   Corporate Social Responsibility                  Audited Report




                Nomor Surat                     Tanggal               Kepada                                      Perihal
 No.
                Letter Number                     Date                  To                                       Regarding
 4      007/S/01/COS-ATPI/II/2023            6 Februari 2023             BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                             6 February 2023      Indonesian Stock    Pratama Indonesia Tbk.
                                                                      Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                      Pratama Indonesia Tbk.
 5      009/S/01/COS-ATPI/II/2023            8 Februari 2023             IDX          Laporan Perubahan Kepemilikan Saham.
                                             8 February 2023       Indonesia Stock    Report on Changes in Share Ownership.
                                                                      Exchange
 6      011/S/01/COS-ATPI/II/2023            6 Februari 2023            OJK           Keterbukaan Informasi Poin-poin Putusan Pengadilan.
                                             6 February 2023      Financial Service   Information Disclosure Points of Court Verdict.
                                                                      Authority
 7      014/S/01/COS-ATPI/III/2023            6 Maret 2023               BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                              6 March 2023        Indonesian Stock    Pratama Indonesia Tbk.
                                                                      Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                      Pratama Indonesia Tbk.
 8      016/S/01/COS-ATPI/III/2023            6 Maret 2023               BEI          Laporan Hutang Valas Periode Februari 2023.
                                              6 March 2023        Indonesian Stock    Forex Debt Report for February 2023 Period.
                                                                      Exchange
 9      017/S/01/COS-ATPI/III/2023            7 Maret 2023              OJK           Pemberitahuan Pelaksanaan Rapat Umum Pemegang
                                              7 March 2023        Financial Service   Saham Tahunan PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (”Perseroan”).
                                                                                      Notification of the Annual General Meeting of Shareholders of
                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk ("the Company").
 10     018/S/01/COS-ATPI/III/2023           13 Maret 2023              OJK           Penyampaian Keterbukaan Informasi Rencana Pemecahan
                                             13 March 2023        Financial Service   Saham PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (”Perseroan”).
                                                                                      Submission of Information Disclosure on Share Split Plan of
                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk ("Company").
 11     019/S/01/COS-ATPI/III/2023           14 Maret 2023              OJK           Pemberitahuan Tambahan Mata Acara Rapat Umum Pemegang
                                             14 March 2023        Financial Service   Saham Tahunan PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (”Perseroan”).
                                                                                      Notice of Additional Agenda for the Annual General Meeting of
                                                                                      Shareholders of PT Asuransi Tugu Pratama Indonesia Tbk ("the
                                                                                      Company").
 12     020/S/01/COS-ATPI/III/2023           14 Maret 2023              OJK           Penyampaian Pengumuman Rapat Umum Pemegang
                                             14 March 2023        Financial Service   Saham Tahunan PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (”Perseroan”).
                                                                                      Submission of the Announcement of the Annual General
                                                                                      Meeting of Shareholders of PT Asuransi Tugu Pratama
                                                                                      Indonesia Tbk ("the Company").
 13     021/S/01/COS-ATPI/III/2023           15 Maret 2023              OJK           Penyampaian Keterbukaan Informasi Rencana Pemecahan
                                             15 March 2023        Financial Service   Saham PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (”Perseroan”).
                                                                                      Submission of Information Disclosure on Stock Split Plan of
                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk ("Company").
 14     022/S/01/COS-ATPI/III/2023           15 Maret 2023               BEI          Penyampaian Bukti Iklan Pengumuman Rapat Umum
                                             15 March 2023        Indonesian Stock    Pemegang Saham Tahunan PT Asuransi Tugu Pratama
                                                                      Exchange        Indonesia Tbk (“Perseroan”).
                                                                                      Submission of Proof of Advertisement Announcement of the
                                                                                      Annual General Meeting of Shareholders of PT Asuransi Tugu
                                                                                      Pratama Indonesia Tbk ("Company").
 15     026/S/01/COS-ATPI/III/2023           29 Maret 2023              OJK           Penyampaian Perubahan Tanggal Rapat Umum Pemegang
                                             29 March 2023        Financial Service   Saham Tahunan PT Asuransi Tugu Pratama Indonesia Tbk
                                                                      Authority       (Perseroan).
                                                                                      Submission of Changes to the Date of the Annual General
                                                                                      Meeting of Shareholders of PT Asuransi Tugu Pratama
                                                                                      Indonesia Tbk (Company).
 16     030/S/01/COS-ATPI/III/2023           30 Maret 2023              OJK           Penyampaian Bukti Iklan Laporan Keuangan.
                                             30 March 2023        Financial Service   Submission of Evidence of Financial Report Advertisements.
                                                                      Authority




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                       ANNUAL REPORT 2023       351
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           Performance Review             Management Report           Company Profile                Management Discussion and Analysis




                     Nomor Surat                 Tanggal           Kepada                                      Perihal
      No.
                     Letter Number                 Date              To                                       Regarding
      17     031/S/01/COS-ATPI/III/2023       31 Maret 2023          OJK           Laporan tingkat manfaat.
                                              31 March 2023    Financial Service   Benefit rate report.
                                                                   Authority
      18     032/S/01/COS-ATPI/IV/2023         3 April 2023          OJK           Laporan tingkat manfaat.
                                                               Financial Service   Benefit rate report.
                                                                   Authority
      19     037/S/01/COS-ATPI/IV/2023         4 April 2023           BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                                               Indonesian Stock    Pratama Indonesia Tbk.
                                                                   Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                   Pratama Indonesia Tbk.
      20     039/S/01/COS-ATPI/IV/2023         5 April 2023          OJK           Penyampaian Pemanggilan Rapat Umum Pemegang Saham
                                                               Financial Service   Tahunan PT Asuransi Tugu Pratama Indonesia Tbk (Perseroan).
                                                                   Authority       Submission of Invitation to the Annual General Meeting of
                                                                                   Shareholders of PT Asuransi Tugu Pratama Indonesia Tbk
                                                                                   (Company).
      21     040/S/01/COS-ATPI/IV/2023         5 April 2023          OJK           Penyampaian Laporan Tahunan (Annual Report) Tahun Buku
                                                               Financial Service   2022 PT Asuransi Tugu Pratama Indonesia Tbk (TUGU).
                                                                   Authority       Submission of the Annual Report for the 2022 Fiscal Year of
                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk (TUGU).
      22     041/S/01/COS-ATPI/IV/2023         5 April 2023          OJK           Penyampaian Bukti Iklan Pemanggilan Rapat Umum Pemegang
                                                               Financial Service   Saham Tahunan PT Asuransi Tugu Pratama Indonesia Tbk
                                                                   Authority       (“Perseroan”).
                                                                                   Submission of Proof of Advertisement of Invitation to the
                                                                                   Annual General Meeting of Shareholders of PT Asuransi Tugu
                                                                                   Pratama Indonesia Tbk ("Company").
      23     042/S/01/COS-ATPI/IV/2023         5 April 2023          OJK           Penyampaian Laporan Keberlanjutan (Sustainability Report)
                                                               Financial Service   Tahun Buku 2022.
                                                                   Authority       Submission of Sustainability Report for Fiscal Year 2022.
      24     043/S/01/COS-ATPI/IV/2023         5 April 2023    OJK Pengawasan      Penyampaian Laporan Keberlanjutan (Sustainability Report)
                                                                  Asuransi         Tahun Buku 2022.
                                                                OJK Insurance      Submission of Sustainability Report for Fiscal Year 2022.
                                                                 Supervision
      25     044/S/01/COS-ATPI/IV/2023         6 April 2023       OJK IKNB         Penyampaian Laporan Tahunan Tahun Buku 2022.
                                                                                   Submission of Annual Report for Fiscal Year 2022.
      26     046/S/01/COS-ATPI/IV/2023         27 April 2023      OJK IKNB         Penyampaian Informasi dan Bukti Publikasi Iklan Laporan
                                                                                   Keuangan Tahunan Own Operation (Konvensional & Syariah)
                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk per 31 Desember
                                                                                   2020 (Audited) Tahunan.
                                                                                   Submission of Information and Proof of Publication of
                                                                                   Advertisements of PT Asuransi Tugu Pratama Indonesia Tbk's
                                                                                   Own Operation (Conventional & Sharia) Annual Financial
                                                                                   Statement as of 31 December 2020 (Audited).
      27     047/S/01/COS-ATPI/IV/2023         27 April 2023         OJK           Penyampaian Informasi dan Bukti Publikasi Iklan Laporan
                                                               Financial Service   Keuangan Tahunan Own Operation (Konvensional & Syariah) PT
                                                                   Authority       Asuransi Tugu Pratama Indonesia Tbk per 31 Desember 2020
                                                                                   (Audited) Tahunan.
                                                                                   Submission of Information and Proof of Publication of
                                                                                   Advertisements of PT Asuransi Tugu Pratama Indonesia Tbk's
                                                                                   Own Operation (Conventional & Sharia) Annual Financial
                                                                                   Statement as of 31 December 2020 (Audited).
      28     49/S/01/COS-ATPI/V/2023            2 Mei 2023           OJK           Keterbukaan Informasi Perubahan Susunan Dewan Pengawas
                                                2 May 2023     Financial Service   Syariah.
                                                                   Authority       Disclosure of Information on Changes in the Composition of
                                                                                   the Sharia Supervisory Board.
      29     051/S/01/COS-ATPI/V/2024          2 Mei 2023            OJK           Laporan Hutang Valas Periode April 2023.
                                               2 May 2023      Financial Service   Forex Debt Report for April 2023 Period.
                                                                   Authority




352       LAPORAN TAHUNAN 2023                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
Page 355
5     Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
      Corporate Governance                   Corporate Social Responsibility                  Audited Report




                Nomor Surat                     Tanggal               Kepada                                      Perihal
 No.
                Letter Number                     Date                  To                                       Regarding
 30     052/S/01/COS-ATPI/V/2023              3 Mei 2023                OJK           Penyampaian Risalah Rapat Umum Pemegang Saham
                                              3 May 2023          Financial Service   Tahunan.
                                                                      Authority       Submission of Minutes of Annual General Meeting of
                                                                                      Shareholders.
 31     053/S/01/COS-ATPI/V/2023              3 Mei 2023                OJK           Penyampaian Tata Cara dan Pembagian Dividen Tunai.
                                              3 May 2023          Financial Service   Submission of Procedures and Distribution of Cash Dividends.
                                                                      Authority
 32     055/S/01/COS-ATPI/V/2023              4 Mei 2023                OJK           Penyampaian Bukti Publikasi Ringkasan Risalah Rapat Umum
                                              4 May 2023          Financial Service   Pemegang Saham Tahunan.
                                                                      Authority       Submission of Proof of Publication of Summary of Minutes of
                                                                                      Annual General Meeting of Shareholders.
 33     056/S/01/COS-ATPI/V/2023              4 Mei 2023                 BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                              4 May 2023          Indonesian Stock    Pratama Indonesia Tbk.
                                                                      Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                      Pratama Indonesia Tbk.
 34     058/S/01/COS-ATPI/V/2023             10 Mei 2023                OJK           Keterbukaan Informasi Perubahaan Anggaran Dasar
                                             10 May 2023          Financial Service   Perseroan.
                                                                      Authority       Disclosure of Information on Changes to the Company's
                                                                                      Articles of Association.
 35     059/S/01/COS-ATPI/V/2023              9 Mei 2023                OJK           Penyampaian Berita Acara Rapat Umum Pemegang Saham
                                              9 May 2023          Financial Service   Tahunan.
                                                                      Authority       Submission of Minutes of the Annual General Meeting of
                                                                                      Shareholders.
 36     060/S/01/COS-ATPI/V/2023             17 Mei 2023                OJK           Keterbukaan Informasi Pelaksaan Aksi Korporasi Stock Split.
                                             17 May 2023          Financial Service   Disclosure of Information on the Implementation of Stock Split
                                                                      Authority       Corporate Actions.
 37     061/S/01/COS-ATPI/V/2023             16 Mei 2023                KSEI          Instruksi Pendistribusian Dividen Tunai tahun buku 2022.
                                             16 May 2023                              Cash Dividend Distribution Instructions for the 2022 Fiscal
                                                                                      Year.
 38     062/S/01/COS-ATPI/V/2023             17 Mei 2023                KSEI          Informasi nomor rekening PT Asuransi Tugu Pratama Indonesia
                                             17 May 2023                              Tbk.
                                                                                      PT Asuransi Tugu Pratama Indonesia Tbk account number
                                                                                      information.
 39     063/S/01/COS-ATPI/VI/2023             5 Juni 2023                BEI          Laporan Bulanan Kegiatan Registrasi PT Asuransi Tugu
                                              5 June 2023         Indonesian Stock    Pratama Indonesia Tbk.
                                                                      Exchange        Monthly Report on Registration Activities of PT Asuransi Tugu
                                                                                      Pratama Indonesia Tbk.
 40     065/S/01/COS-ATPI/VI/2023             5 Juni 2023               OJK           Keterbukaan Informasi Perubahan Kepemilikan Saham Direksi.
                                              5 June 2023         Financial Service   Disclosure of Information on Changes in Directors' Share
                                                                      Authority       Ownership.
 41     066/S/01/COS-ATPI/VI/2023             6 Juni 2023               OJK           Laporan Hutang Valas Periode Mei 2023.
                                              6 June 2023         Financial Service   Forex Report for May 2023 Period.
                                                                      Authority
 42     067/S/01/COS-ATPI/VII/2023            3 Juli 2023               OJK           Tanggapan atas Penelaahan Laporan Keuangan Tahunan
                                              3 July 2023         Financial Service   2022.
                                                                      Authority       Responses to the Review of the 2022 Annual Financial
                                                                                      Report.
 43     068/S/01/COS-ATPI/VII/2023            5 Juli 2023                BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
                                              5 July 2023         Indonesian Stock    Pratama Indonesia Tbk.
                                                                      Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                      Asuransi Tugu Pratama Indonesia Tbk.
 44     070/S/01/COS-ATPI/VII/2023            6 Juli 2023               OJK           Laporan Hutang Valas Periode Juni 2023.
                                              6 July 2023         Financial Service   Forex Report for June 2023 Period.
                                                                      Authority
 45     072/S/01/COS-ATPI/VII/2023            28 Juli 2023              OJK           Penyampaian Bukti Pengumuman Laporan Keuangan Tengah
                                              28 July 2023        Financial Service   Tahun.
                                                                      Authority       Submission of Proof of Announcement of Mid-Year Financial
                                                                                      Statement.




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                     Nomor Surat                 Tanggal           Kepada                                    Perihal
      No.
                     Letter Number                 Date              To                                     Regarding
      46     074/S/01/COS-ATPI/               4 Agustus 2023          BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
             VIII/2023                        4 August 2023    Indonesian Stock    Pratama Indonesia Tbk.
                                                                   Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                   Asuransi Tugu Pratama Indonesia Tbk.
      47     077/S/01/COS-ATPI/IX/2023      4 September 2023         OJK           Laporan Hutang Valas Periode Agustus 2023.
                                                               Financial Service   Forex Report for August 2023 Period.
                                                                   Authority
      48     078/S/01/COS-ATPI/IX/2023      5 September 2023          BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
                                                               Indonesian Stock    Pratama Indonesia Tbk.
                                                                   Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                   Asuransi Tugu Pratama Indonesia Tbk.
      49     080/S/01/COS-ATPI/X/2023         2 Oktober 2023          BEI          Tanggapan atas Permintaan Penjelasan Bursa No. S-08251/
                                              2 October 2023   Indonesian Stock    BEI.PP3/09-2023.
                                                                   Exchange        Response to Exchange Request for Explanation No. S-08251/
                                                                                   BEI.PP3/09-2023.
      50     081/S/01/COS-ATPI/X/2023         5 Oktober 2023          BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
                                              5 October 2023   Indonesian Stock    Pratama Indonesia Tbk - Periode September 2023.
                                                                   Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                   Asuransi Tugu Pratama Indonesia Tbk. – September 2023
                                                                                   Period
      51     083/S/01/COS-ATPI/X/2023         5 Oktober 2023         OJK           Laporan Hutang Valas Periode September 2023.
                                              5 October 2023   Financial Service   Forex Debt Report for September 2023 Period.
                                                                   Authority
      52     084/S/01/COS-ATPI/X/2024        17 Oktober 2023          BEI          Tanggapan atas Permintaan Penjelasan Bursa No. S-08803/
                                             17 October 2023   Indonesian Stock    BEI.PP3/10-2023.
                                                                   Exchange        Response to Exchange Request for Explanation No. S-08803/
                                                                                   BEI.PP3/10-2023.
      53     086/S/01/COS-ATPI/X/2023        26 Oktober 2023         OJK           Penyampaian Laporan Keuangan Konsolidasian per 30
                                             26 October 2023   Financial Service   September 2023.
                                                                   Authority       Submission of Consolidated Financial Statement as of 30
                                                                                   September 2023.
      54     090/S/01/COS-ATPI/XI/2023       6 November 2023          BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
                                                               Indonesian Stock    Pratama Indonesia Tbk.
                                                                   Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                   Asuransi Tugu Pratama Indonesia Tbk.
      55     092/S/01/COS-ATPI/XI/2023       6 November 2023         OJK           Keterbukaan Informasi Penunjukan Bpk. Sudarlin sebagai
                                                               Financial Service   Direktur Teknik PT Asuransi Tugu Pratama Tbk.
                                                                   Authority       Disclosure of Information on the Appointment of Mr. Sudarlin
                                                                                   as Director of Technic of PT Asuransi Tugu Pratama Tbk.
      56     093/S/01/COS-ATPI/XI/2023      15 November 2023         OJK           Keterbukaan Informasi Perubahan Kepemilikan Saham Direksi
                                                               Financial Service   Disclosure of Information on Changes in Directors' Share
                                                                   Authority       Ownership.
      57     095/S/01/COS-ATPI/XI/2023      20 November 2023         OJK           Keterbukaan Informasi Perubahan Kepemilikan Saham Direksi
                                                               Financial Service   Disclosure of Information on Changes in Directors' Share
                                                                   Authority       Ownership.
      58     096/S/01/COS-ATPI/XI/2023      27 November 2023          BEI          Pemberitahuan Rencana Public Expose 2023.
                                                               Indonesian Stock    Notification of 2023 Public Expose Plans.
                                                                   Exchange
      59     097/S/01/COS-ATPI/XI/2023      28 November 2023          BEI          Pemberitahuan Jadwal Pelaksanaan Pembayaran Dividen
                                                               Indonesian Stock    Interim 2023.
                                                                   Exchange        Notification of the 2023 Interim Dividend Payment
                                                                                   Implementation Schedule.
      60     098/S/01/COS-ATPI/XI/2023      28 November 2023         OJK           Laporan Informasi atau Fakta Material Pembagian Dividen
                                                               Financial Service   Interim 2023.
                                                                   Authority       Report on Information or Material Facts for the 2023 Interim
                                                                                   Dividend Distribution.
      61     100/S/01/COS-ATPI/XII/2023      4 Desember 2023         OJK           Laporan Hutang Valas Periode November 2023.
                                             4 December 2023   Financial Service   Forex Debt Report for November 2023 Period.
                                                                   Authority




354       LAPORAN TAHUNAN 2023                                                                           PT Asuransi Tugu Pratama Indonesia Tbk
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5     Tata Kelola Perusahaan             6    Tanggung Jawab Sosial Perusahaan            7   Laporan Keuangan
      Corporate Governance                    Corporate Social Responsibility                 Audited Report




                Nomor Surat                      Tanggal               Kepada                                     Perihal
 No.
                Letter Number                      Date                  To                                      Regarding
 62     101/S/01/COS-ATPI/XII/2023           5 Desember 2023              BEI          Laporan Bulanan Kegiatan Registrasi Efek PT Asuransi Tugu
                                             5 December 2023       Indonesian Stock    Pratama Indonesia Tbk.
                                                                       Exchange        Monthly Report on Securities Registration Activities of PT
                                                                                       Asuransi Tugu Pratama Indonesia Tbk.
 63     104/S/01/COS-ATPI/XII/2023           6 Desember 2023              BEI          Penyampaian Materi Public Expose 2023.
                                             6 December 2023       Indonesian Stock    Submission of Public Expose Material 2023.
                                                                       Exchange
 64     105/S/01/COS-ATPI/XII/2023           7 Desember 2023             OJK           Keterbukaan Informasi Penunjukan Bpk. Samuel Ramna
                                             7 December 2023       Financial Service   Sebagai Komisaris PT Asuransi Tugu Pratama Tbk.
                                                                       Authority       Disclosure of Information on the Appointment of Mr. Samuel
                                                                                       Ramna as Commissioner of PT Asuransi Tugu Pratama Tbk.
 65     106/S/01/COS-ATPI/XII/2023           13 Desember 2023             BEI          Penyampaian Hasil Public Expose 2023.
                                             13 December 2023      Indonesian Stock    Submission of 2023 Public Expose Results.
                                                                       Exchange
 66     107/S/01/COS-ATPI/XII/2023           28 Desember 2023            OJK           Keterbukaan Informasi Perubahan Kepemilikan Saham Direksi.
                                             28 December 2023      Financial Service   Disclosure of Information on Changes in Directors' Share
                                                                       Authority       Ownership.




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          Performance Review         Management Report           Company Profile            Management Discussion and Analysis




          5.E.
  Audit Internal
  Internal Audit



  Sesuai Peraturan Otoritas Jasa Keuangan No. 56/                   Pursuant to the Financial Services Authority Regulation
  POJK.04/2015 tentang Pembentukan dan Pedoman                      No. 56/POJK.04/2015 on the Formation and Drafting of
  Penyusunan Piagam Unit Audit Internal, Tugu Insurance             the Internal Audit Charter, Tugu Insurance has formed the
  telah membentuk Internal Audit Group sebagai bagian dari          Internal Audit Group as part of internal control, which in
  pengendalian internal yang secara garis besar bertujuan           general aims to help the Company achieve its goals.
  membantu Perseroan mencapai tujuannya.

  Internal Audit Group bertugas memberikan keyakinan                The Internal Audit Group is assigned to provide assurance
  (assurance) dan konsultasi yang bersifat independen               and consulting that is independent and objective to
  dan objektif dalam rangka memberikan nilai tambah bagi            provide added value to the Company, through a systematic
  Perseroan, melalui pendekatan yang sistematis untuk               approach to evaluate and improve the effectiveness of risk
  mengevaluasi dan meningkatkan efektivitas manajemen               management, internal control, and corporate governance
  risiko, pengendalian internal, dan proses tata kelola             processes. The Internal Audit also acts as a strategic
  perusahaan. Internal Audit juga berperan sebagai partner          partner in providing strategic input to management. In
  strategis dalam memberikan masukan strategis kepada               transforming the role as a strategic partner, auditors are
  manajemen. Dalam transformasi peran sebagai partner               required to be able to understand risk management and
  strategis ini, auditor dituntut untuk dapat memahami              company business processes in an integrated manner (end-
  pengelolaan risiko dan proses bisnis perusahaan secara            to-end business process).
  terintegrasi (end-to-end business process).


  Struktur Organisasi dan Kedudukan Internal Audit Group
  Organizational Structure and Position of Internal Audit Group

  Informasi mengenai kedudukan Internal Audit Group di Tugu         Information regarding the position of the Internal Audit Group
  Insurance adalah sebagai berikut:                                 at Tugu Insurance is as follows:
  1. Internal Audit Group secara struktural dikepalai               1. The Internal Audit Group is structurally headed by
      oleh Internal Audit Group Head yang ditunjuk dan                  the Internal Audit Group Head who is appointed and
      diberhentikan secara langsung oleh Presiden Direktur              dismissed directly by the President Director upon the
      setelah disetujui oleh Dewan Komisaris;                           Board of Commissioners’ consent;
  2. Presiden Direktur dapat memberhentikan Internal                2. The President Director may dismiss the Internal Audit
      Audit Group Head, setelah mendapat persetujuan                    Group Head upon the Board of Commissioners’ consent,
      Dewan Komisaris, jika Internal Audit Group Head                   if the Internal Audit Group Head does not meet the
      tidak memenuhi persyaratan sebagai Auditor Internal               requirements as an Internal Auditor stipulated in
      sebagaimana diatur dalam Peraturan Otoritas Jasa                  the Financial Services Authority Regulation No. 56/
      Keuangan No. 56/POJK.04/2015 dan/atau gagal atau                  POJK.04/2015 and/or failing or not being able to carry
      tidak cakap menjalankan tugas;                                    out his/her duties;
  3. Internal Audit Group Head bertanggung jawab secara             3. The Internal Audit Group Head is fully and directly
      penuh dan langsung kepada Presiden Direktur;                      responsible to the President Director;
  4. Anggota Internal Audit Group bertanggung jawab secara          4. Members of the Internal Audit Group report directly to the
      langsung kepada Internal Audit Group Head.                        Internal Audit Group Head.




356       LAPORAN TAHUNAN 2023                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                      Audited Report




Adapun struktur organisasi Internal Audit Group adalah                          Organizational structure of Internal Audit Group is as follows:
sebagai berikut:                                                                Organizational structure of Internal Audit Group is as follows:



                                                                Presiden Direktur
                                                                 President Director




                                                        Internal Audit Group Head




                                                                     Anggota
                                                                     Members




Profil Internal Audit Group Head
Internal Audit Group Head Profile

Berdasarkan Surat Keputusan Direksi No. 016/SKD/01/                             Based on the Decree of the Board of Director No. 016/
HCS-RTM/ATPI/II/2022 tanggal 10 Februari 2022, Resti                            SKD/01/HCS-RTM/ATPI/II/2022 dated 10 February
Setia Utari menjabat sebagai Internal Audit Group Head yang                     2022, Resti Setia Utari serves as Internal Audit Group
efektif menjabat sejak 16 Februari 2022. Pengangkatan                           Head, effective since 16 February 2022. The appointment
Internal Audit Group Head telah disampaikan kepada                              of Internal Audit Group Head has been conveyed to the
Otoritas Jasa Keuangan melalui Surat Keputusan Direksi                          Financial Services Authority via Decree of the Board of
No. 016/SKD/01/HCS-RTM/ATPI/II/2022 tanggal 10                                  Directors No. 016/SKD/01/HCS-RTM/ATPI/II/2022 dated
Februari 2022.                                                                  10 February 2022.




                                                     Resti Setia Utari
                                                     Internal Audit Group Head

                                                     Periode Jabatan | Period
                                                     Sejak 16 Februari 2022–sekarang | Since february 2022–present
                                                     Kewarganegaraan             Indonesia
                                                     Citizenship                 Indonesian
                                                     Tempat, Tanggal Lahir       Jakarta, 1 Maret 1972
                                                     Date and Place of Birth     Jakarta, 1 March 1972
                                                     Usia                        52 tahun
                                                     Age                         52 years old
                                                     Domisili                    Bekasi, Jawa Barat
                                                     Domicile                    Bekasi, West Java




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023         357
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      Riwayat Penunjukan             Menjabat sebagai Internal Audit Group Head            Served as Group Head Internal Audit based on
      Appointment History            berdasarkan Surat Keputusan Direksi No. 016/          Decree of the Board of Directors No. 016/SKD/01/
                                     SKD/01/HCS-RTM/ATPI/II/2022 tanggal 10 Februari       HCS-RTM/ATPI/II/2022 dated 10 February 2022.
                                     2022.
      Pendidikan                     Magister Management, Universitas Negeri Jakarta       Master of Management from Universitas Negeri
      Education                      (2022).                                               Jakarta (2022).
      Riwayat Pekerjaan              •   Group Head Internal Audit di Perseroan, sebagai   •   Group Head of Internal Audit at the Company, as
      Work Experience                    tenaga perbantuan dari PT Pertamina (Persero)         the assistant staff from PT Pertamina (Persero)
                                         (2022-sekarang).                                      (2022-present).
                                     •   Senior Auditor III Investigation Audit di PT      •   Senior Auditor III Investigation Audit at PT
                                         Pertamina (Persero) (2021-2022).                      Pertamina (Persero) (2021-2022).
                                     •   Finance & Business Support Internal Audit         •   Finance & Business Support Internal Audit
                                         Manager di PT Pertamina Drilling Services             Manager at PT Pertamina Drilling Services
                                         Indonesia, sebagai tenaga perbantuan dari PT          Indonesia, as the assistant staff from PT
                                         Pertamina (Persero) (2015-2020).                      Pertamina (Persero) (2015-2020).
                                     •   Auditor di PT Pertamina (Persero) (2011-2015).    •   Auditor at PT Pertamina (Persero) (2011-2015).
                                     •   Auditor at Osman Bing Satrio & Rekan Public       •   Auditor at Osman Bing Satrio & Rekan Public
                                         Accountant (Deloitte Touche Tohmatsu) (1997-          Accountant (Deloitte Touche Tohmatsu) (1997-
                                         2011).                                                2011).
      Rangkap Jabatan                Tidak memiliki rangkap jabatan di Tugu Insurance      Do not hold concurrent positions at Tugu Insurance or
      Concurrent Position            maupun perusahaan/lembaga lain.                       other companies/institutions.




  Tugas dan Tanggung Jawab Internal Audit Group
  Internal Audit Group Duties and Responsibilities

  Internal Audit Group mengemban tugas dan tanggung jawab                The Internal Audit Group has duties and responsibilities
  sebagai berikut:                                                       as follows:
  1. Menyusun dan melaksanakan rencana audit internal                    1. Prepare and implement an annual internal audit plan;
      tahunan;                                                           2. Evaluate the implementation of internal control
  2. Mengevaluasi pelaksanaan pengendalian internal dan                      and management systems in accordance with the
      sistem manajemen sesuai dengan kebijakan Perseroan;                    Company’s policies;
  3. Memberikan saran perbaikan dan informasi yang objektif              3. Provide suggestions for improvements and objective
      atas kegiatan yang diperiksa pada semua tingkat                        information about the activities examined at all levels of
      manajemen;                                                             the management;
  4. Mempersiapkan dan menyampaikan laporan hasil audit                  4. Prepare and submit the audit report to the President
      kepada Presiden Direktur dan Dewan Komisaris melalui                   Director and the Board of Commissioners through the
      Komite Audit;                                                          Audit Committee;
  5. Memantau, menganalisis dan melaporkan pelaksanaan                   5. Monitor, analyze and report the implementation of
      tindak lanjut secara berkala;                                          suggested improvements periodically;
  6. Memantau pelaksanaan audit internal di anak                         6. Monitor the implementation of internal audits in
      perusahaan dalam rangka mewujudkan audit                               subsidiaries to realize an integrated internal audit;
      internal terintegrasi;                                             7. Prepare and submit the Annual Activity Report of the
  7. Menyusun dan menyampaikan Laporan Kegiatan Tahunan                      Internal Audit Function;
      Fungsi Internal Audit;                                             8. Coordinate with the Audit Committee;
  8. Melaksanakan koordinasi dengan Komite Audit;                        9. Coordinate with the Risk Management Unit and the
  9. Melaksanakan koordinasi dengan Satuan Kerja                             Compliance Unit, particularly in the implementation of an
      Manajemen Risiko dan Satuan Kerja Kepatuhan,                           internal control system based on three lines of defense;
      khususnya dalam hal penerapan sistem pengendalian                  10. Conduct special audits if necessary.
      internal berbasis pertahanan tiga lapis (three line of
      defense);
  10. Melakukan pemeriksaan khusus apabila diperlukan.




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Piagam Internal Audit
Internal Audit Charter

Dalam menjalankan tugas dan tanggung jawabnya, Internal                         The Internal Audit Group in conducting its duties and
Audit Group berpedoman pada Piagam Audit Internal yang                          responsibilities is based on the Internal Audit Charter, which
pertama kali disahkan oleh Direksi pada 18 Desember 2007                        was first approved by the Board of Directors on 18 December
dan dimutakhirkan pada tanggal 7 November 2022. Piagam                          2007 and updated on 7 November 2022. The Internal Audit
Audit Internal merupakan tata kerja bagi Internal Audit Group                   Charter is a work procedure for the Internal Audit Group
dalam melaksanakan kegiatan audit dan konsultasi dalam                          in carrying audit and consulting activities in exercising
pelaksanaan Sistem Pengendalian Internal sebagai bagian                         the Internal Control System as part of Good Corporate
dari implementasi Tata Kelola Perusahaan yang Baik. Piagam                      Governance implementation. The Internal Audit Charter
Audit Internal antara lain memuat tentang struktur dan                          includes, among others, the structure and position, duties
kedudukan, tugas dan tanggung jawab, persyaratan dan kode                       and responsibilities, requirements and code of conduct
etik Auditor Internal, pertanggungjawaban, dan wewenang                         of the Internal Auditor, accountability, and authority of the
Internal Audit Group.                                                           Internal Audit Group.


Perangkat-Perangkat Kerja Internal Audit
Internal Audit Work Tools

Selain Piagam Audit Internal, Internal Audit Group juga                         In addition to the Internal Audit Charter, the Internal Audit
memiliki perangkat-perangkat kerja berikut:                                     Group also has the following work tools:
• Kode Etik Audit Internal;                                                     • Internal Audit Code of Conduct;
• Pedoman Umum Pemeriksaan;                                                     • General Audit Guidelines;
• Pedoman Pemeriksaan Khusus;                                                   • Special Audit Guidelines;
• International Professional Practices Framework (IPPF) yang                    • International Professional Practices Framework (IPPF)
   diterbitkan oleh the Institute of Internal Auditors;                             issued by the Institute of Internal Auditors;
• Sertifikasi Profesi.                                                          • Professional Certification.


Jumlah SDM dan Sertifikasi Internal Audit Group
Human Resources and Certifications of Internal Audit Group

Per 31 Desember 2023, jumlah posisi dalam Internal Audit                        As of 31 December 2023, the human resources of the
Group terdiri dari 7 orang dengan komposisi sebagai berikut:                    Internal Audit Group consists of 7 persons with the
                                                                                following composition:


                                     Pangkat                                                                 Jumlah
 No.
                                     Position                                                                 Total
 1.      Group Head                                                                                               1
 2.      Department Head                                                                                          1
 3.      Officers                                                                                                 3
 4.      Staff                                                                                                    2
 Total                                                                                                            7




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           Performance Review                Management Report              Company Profile                  Management Discussion and Analysis




  Adapun kualifikasi atau sertifikasi dari anggota Internal Audit               The following are the qualifications or certifications held by
  Group, antara lain:                                                           the Internal Audit Group’s human resources:
  1. QIA (Qualified Internal Auditor);                                          1. QIA (Qualified Internal Auditor);
  2. CRMP (Certified Risk Management Professional);                             2. CRMP (Certified Risk Management Professional);
  3. CACP (Certification in Audit Committee Practices);                         3. CACP (Certification in Audit Committee Practices);
  4. QCRO (Qualified Chief Risk Officer);                                       4. QCRO (Qualified Chief Risk Officer);
  5. CRP (Certified Risk Professional);                                         5. CRP (Certified Risk Professional);
  6. AAIK (Ahli Asuransi Indonesia Kerugian);                                   6. AAIK (Indonesia General Insurance Expert);
  7. AAAIK (Ajun Ahli Asuransi Indonesia Kerugian).                             7. AAAIK (Indonesian Insurance Expert Adjunct in the
                                                                                    General Insurance Sector).

  Pelatihan Internal Audit Grup
  Internal Audit Group Training

  Perseroan memberikan kesempatan dan dukungan dana                             The Company provides opportunities and financial support
  bagi para anggota Internal Audit Group untuk meningkatkan                     for members of the Internal Audit Group to improve their
  kemampuan dengan mengikuti berbagai pelatihan/                                capabilities by attending various training/education programs
  pendidikan yang diselenggarakan oleh pihak eksternal.                         organized by external parties. The following are the number
  Berikut ini adalah jumlah peserta dan jenis pelatihan yang                    of participants and training attended by members of the
  diikuti oleh anggota Internal Audit Group, di antaranya:                      Internal Audit Group:



                                   Judul Training                                     Tanggal                                   Tempat
      No
                                      Training                                          Date                                     Venue
      1.      Peningkatan Pemahaman Anti Pencucian Uang di Sektor                 22-23 Juni 2023                                 Solo
              Korporasi                                                           22-23 June 2023
              Enhanced Understanding of Anti-Money Laundering in the
              Corporate Sector
      2.      IIA Indonesia National Conference                                 30-31 Agustus 2023                               Batam
                                                                                30-31 August 2023
      3.      CIA Review                                               30 September 2023-27 Januari 2024                         Online
                                                                       30 September 2023-27 January 2024
      4.      Seminar Nasional Internal Audit                                   6-7 Desember 2023                                Online
              Trusted Advisor : Navigating The New Frontier                     6-7 December 2023
              National Internal Audit Seminar
              Trusted Advisor : Navigating The New Frontier
      5.      Risk Management Forum Pertamina Group 2023                          16 Maret 2023                                  Online
                                                                                  16 March 2023


  Pelaksanaan Rapat Internal Audit dengan Dewan Komisaris, Direksi dan/atau Komite Audit
  Meeting Frequency of Internal Audit with the Board of Directors, the Board of Commissioners, and/or the Audit Committee


                                                                                                Frekuensi rapat dengan:
                 Nama                         Jabatan                                           Frequency of Meeting with:
                 Name                         Position              Dewan Komisaris                     Direksi                   Komite Audit
                                                                  Board of Commissioners            Board of Directors           Audit Committee
      Resti Setia Utari               Internal Audit Group Head             3                                6                            10




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Laporan Pelaksanaan Tugas Internal Audit Group
Report on the Implementation of Internal Audit Group‘s Duties

Per 31 Desember 2023, Internal Audit telah melaksanakan                         As of 31 December 2023, the Internal Audit Group
tugas antara lain:                                                              conducted audits of:
1. Evaluasi atas Internal Control di PT Synergy Risk                            1. Evaluation on Internal Control in PT Synergy Risk
    Management & Consultant (SRMC);                                                Management & Consultant (SRMC);
2. Audit atas Pengelolaan Human Capital;                                        2. Audit on Human Capital Management;
3. Evaluasi atas Klaim Kontra Bank Garansi;                                     3. Evaluation on Bank Guarantee Counter Claims;
4. Audit atas Pengakuan Pendapatan dan Piutang.                                 4. Audit on Revenue Recognition and Receivables.




Rekomendasi dan Tindak Lanjut
Recommendations and Follow-Ups

Pelaksanaan audit dan konsultasi Internal Audit di tahun                        The implementation of audit and consultation by Internal
2023 menghasilkan rekomendasi dan kesepakatan atas                              Audit in 2023 resulted in recommendations and agreements
tindak lanjut yang telah didiskusikan dengan penanggung                         on follow-up actions as discussed with the person in
jawab setiap fungsi dan dilaporkan kepada Manajemen.                            charge of each function and reported to the Management.
Selanjutnya Internal Audit Group melakukan monitoring                           Furthermore, the Internal Audit Group conducts regular
secara berkala terhadap proses perbaikan sesuai dengan                          monitoring of the improvement process according to the
jadwal yang telah disepakati oleh fungsi-fungsi terkait.                        schedule agreed by the relevant functions.




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          5.F.
  Auditor Eksternal
  External Auditor



  Sebagai perusahaan terbuka perasuransian yang diatur               As a public insurance company regulated and supervised
  dan diawasi oleh Otoritas Jasa Keuangan, Tugu Insurance            by the Financial Services Authority, Tugu Insurance requires
  memerlukan auditor eksternal untuk menyusun dan                    an external auditor to compile and present quality financial
  menyajikan informasi keuangan yang berkualitas. Untuk              information. Therefore, in carrying out its annual financial
  itu, dalam pelaksanaan tugas audit keuangan tahunan,               audit duties, Tugu Insurance uses the services of a Public
  Tugu Insurance menggunakan jasa Kantor Akuntan Publik              Accountant Firm (“KAP”) and public accountants from an
  (“KAP”) dan akuntan publik dari pihak eksternal independen         independent external party to obtain accountable credibility
  untuk mendapatkan kredibilitas penilaian yang dapat                of the assessment.
  dipertanggungjawabkan.

  Akuntan publik merupakan organ eksternal Perseroan yang            Public accountants are the Company’s external organs that
  berfungsi memberikan opini terkait kesesuaian penyajian            have a function to provide opinions regarding the suitability
  laporan keuangan Perseroan terhadap Standar Akuntansi              of the presentation of the Company’s financial statements
  Keuangan (SAK) yang berlaku di Indonesia. Keberadaan               with the Financial Accounting Standards applicable in
  akuntan publik diatur melalui Peraturan OJK No. 13/                Indonesia. The existence of a public accountant is regulated
  POJK.03/2017 tentang Penggunaan Jasa Akuntan Publik                through OJK Regulation No. 13/POJK.03/2017 concerning
  dan Kantor Akuntan Publik dalam Kegiatan Jasa Keuangan.            the Use of Public Accountant Services and Public Accounting
                                                                     Firms in Financial Service Activities.

  Penunjukan Kantor Akuntan Publik
  Appointment of Public Accountant Firm

  Tugu Insurance menetapkan Kantor Akuntan Publik (KAP)              Tugu Insurance appoints a Public Accountant Firm (KAP)
  melalui RUPS Tahunan berdasarkan rekomendasi dari                  through the Annual GMS based on the recommendations
  Dewan Komisaris dan Komite Audit, dengan mengacu pada              of the Board of Commissioners and the Audit Committee,
  ketentuan peraturan perundang-undangan yang berlaku                in reference to the provisions of the prevailing laws and
  di antaranya Undang-undang No. 40 Tahun 2007 tentang               regulations including Law No. 40 of 2007 concerning Limited
  Perseroan Terbatas, Peraturan OJK No. 73/POJK.05/2016              Liability Companies, OJK Regulation No. 73/POJK.05/2016
  tentang Tata Kelola Perusahaan yang Baik bagi Perusahaan           concerning Good Corporate Governance for Insurance
  Perasuransian, dan Peraturan Menteri Keuangan No. 17/              Companies, and Regulation of the Minister of Finance No.
  PMK 01/2009 Pasal 3 ayat (11) tentang Jasa Akuntan                 17/PMK 01/2009 Article 3 paragraph (11) concerning
  Publik, dan Peraturan OJK No. 13/POJK.03/2017 tentang              Public Accountant Services, and OJK Regulation No. 13/
  Penggunaan Jasa Akuntan Publik dan Kantor Akuntan Publik           POJK.03/2017 concerning the Use of Public Accountant
  dalam Kegiatan Jasa Keuangan.                                      Services and Public Accountant Firms in Financial
                                                                     Service Activities.

  Keputusan RUPS Tahunan Tahun Buku 2022 telah                       The resolutions of the Annual GMS for the Fiscal Year 2022
  memberikan pelimpahan kewenangan dan kuasa kepada                  have delegated authority and power to the Company’s Board
  Dewan Komisaris Perseroan untuk menetapkan KAP dalam               of Commissioners to appoint a KAP in conducting an audit
  melakukan pemeriksaan atas Laporan Keuangan Perseroan              of the Company’s Financial Statements for the financial
  untuk tahun buku yang berakhir pada tanggal 31 Desember            year ending on 31 December 2023 along with the amount
  2023 berikut besaran nilai jasanya, sesuai ketentuan dan           of its services fee, in accordance with applicable rules and
  peraturan yang berlaku, termasuk menunjuk KAP pengganti            regulations, including appointing a replacement KAP if for
  bilamana karena sebab apapun juga berdasarkan ketentuan            any reason based on the provisions of the capital market
  pasar modal di Indonesia apabila KAP yang ditunjuk tidak           in Indonesia the appointed KAP is unable to carry out its
  dapat melakukan tugasnya, dengan kriteria bahwa KAP                duties, with the criteria that the KAP is registered on the
  tersebut terdaftar di Otoritas Jasa Keuangan, dengan terlebih      Financial Services Authority, by informing in advance to the
  dahulu mengkomunikasikan kepada Pemegang Saham                     Controlling Shareholder, in this case, PT Pertamina (Persero).
  Pengendali, dalam hal ini PT Pertamina (Persero).

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Berdasarkan surat keputusan No. 54/S/KOM-ATPI/                                  Based on the decree No. 54/S/KOM-ATPI/VIII/2023
VIII/2023 tanggal 15 Agustus 2023, dari Presiden Komisaris                      dated 15 August 2023, from the President Commissioner
kepada Direksi perihal Tindak Lanjut atas Penetapan                             to the Board of Directors regarding the Follow-up on the
Kantor Akuntan Publik (KAP) Tahun Buku 2023, Dewan                              Appointment of the Public Accountant Firm (KAP) for the
Komisaris memutuskan untuk menetapkan Kantor Akuntan                            2023 Fiscal Year, the Board of Commissioners decided
Publik (KAP) Amir Abadi Jusuf, Aryanto, Mawar, dan Rekan                        to appoint Public Accountant Firm (KAP) Amir Abadi Jusuf,
(Member of the RSM Network) untuk melakukan Audit Atas                          Aryanto, Mawar, and Partners (Member of the RSM Network)
Laporan Keuangan Konsolidasian PT Asuransi Tugu Pratama                         to conduct Audit on the Consolidated Financial Statements
Indonesia Tbk dan Entitas Anak untuk Tahun Buku 2023.                           of PT Asuransi Tugu Pratama Indonesia Tbk and its
                                                                                Subsidiaries for the 2023 Fiscal Year.

Adapun Kantor Akuntan Publik dalam kurun waktu 5 (lima)                         The Public Accounting Firm in the last 5 (five) years is
tahun terakhir sebagai berikut.                                                 as follows.


                                                                                     Fee Auditor
    Tahun           Kantor Akuntan Publik                Nama Akuntan               (Tanpa PPN)                            Opini
     Year            Public Accountant Firm             Accountant Name               Auditor Fee                         Opinion
                                                                                    (excluded Tax)
    2023       Amir Abadi Jusuf, Aryanto, Mawar,       Bimo Iman Santoso         Rp1.480.000.000       Laporan keuangan konsolidasian menyajikan
               dan Rekan (Member of the RSM                                                            secara wajar, dalam semua hal yang material,
               Network).                                                                               posisi keuangan konsolidasian Grup tanggal
                                                                                                       31 Desember 2023, serta kinerja keuangan
                                                                                                       dan arus kas konsolidasiannya untuk tahun
                                                                                                       yang berakhir pada tanggal 31 Desember
                                                                                                       2023, sesuai dengan Standar Akuntansi
                                                                                                       Keuangan di Indonesia.

                                                                                                       The Consolidated financial statements
                                                                                                       present fairly, in all material respects, the
                                                                                                       consolidated financial position of the Group as
                                                                                                       of 31 December 2023, and the consolidated
                                                                                                       financial performance and cash flows for the
                                                                                                       year ended 31 December 2023, in accordance
                                                                                                       with Indonesian Financial Accounting
                                                                                                       Standards.
    2022       Amir Abadi Jusuf, Aryanto, Mawar,       Bimo Iman Santoso         Rp1.520.000.000       Laporan keuangan konsolidasian menyajikan
               dan Rekan (Member of the RSM                                                            secara wajar, dalam semua hal yang material,
               Network).                                                                               posisi keuangan konsolidasian Grup tanggal
               Amir Abadi Jusuf, Aryanto, Mawar,                                                       31 Desember 2022, serta kinerja keuangan
               and Partner (Member of the RSM                                                          dan arus kas konsolidasiannya untuk tahun
               Network).                                                                               yang berakhir pada tanggal 31 Desember
                                                                                                       2022, sesuai dengan Standar Akuntansi
                                                                                                       Keuangan di Indonesia.

                                                                                                       The Consolidated financial statements
                                                                                                       present fairly, in all material respects, the
                                                                                                       consolidated financial position of the Group as
                                                                                                       of 31 December 2022, and the consolidated
                                                                                                       financial performance and cash flows for the
                                                                                                       year ended 31 December 2022, in accordance
                                                                                                       with Indonesian Financial Accounting
                                                                                                       Standards.




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          Performance Review              Management Report               Company Profile                Management Discussion and Analysis




                                                                                   Fee Auditor
          Tahun          Kantor Akuntan Publik             Nama Akuntan           (Tanpa PPN)                              Opini
           Year           Public Accountant Firm          Accountant Name           Auditor Fee                           Opinion
                                                                                  (excluded Tax)
          2021      KAP Purwantono, Sungkoro & Surja      Muhammad             Rp1.650.000.000         Laporan Konsolidasian menyajikan secara
                    (firma anggota Ernst & Young Global   Kurniawan                                    wajar, dalam semua hal yang material,
                    Limited).                                                                          posisi keuangan konsolidasian PT Asuransi
                    KAP Purwantono, Sungkoro & Surja                                                   Tugu Pratama Indonesia Tbk dan entitas
                    (member firm of Ernst &. Young                                                     anaknya, serta kinerja keuangan dan arus
                    Global Limited).                                                                   kas konsolidasiannya untuk tahun buku
          2020      KAP Purwantono, Sungkoro & Surja      Muhammad             Rp1.500.000.000         yang bersangkutan, sesuai dengan Standar
                    (firma anggota Ernst & Young Global   Kurniawan                                    Akuntansi Keuangan di Indonesia.
                    Limited).
                    KAP Purwantono, Sungkoro & Surja                                                   The Consolidated Statements present fairly,
                    (member firm of Ernst &. Young                                                     in all material respects, the consolidated
                    Global Limited).                                                                   financial position of PT Asuransi Tugu Pratama
                                                                                                       Indonesia Tbk and its subsidiaries, as well
          2019      KAP Purwantono, Sungkoro & Surja      Muhammad             Rp1.500.000.000
                                                                                                       as the consolidated financial performance
                    (firma anggota Ernst & Young Global   Kurniawan
                                                                                                       and cash flows for the fiscal year concerned,
                    Limited).                                                                          in accordance with Indonesian Financial
                    KAP Purwantono, Sungkoro & Surja                                                   Accounting Standards.
                    (member firm of Ernst &. Young
                    Global Limited).




  Lingkup Pekerjaan
  Scope of Work

  Adapun biaya jasa Kantor Akuntan Publik untuk Tugu                         The services fee of the Public Accountant Firm for Tugu
  Insurance tahun 2023 tersebut meliputi cakupan pekerjaan                   Insurance in 2023 includes the following work coverage:
  sebagai berikut:
  1. Laporan Keuangan Konvensional;                                          1. Conventional Financial Statements;
  2. Laporan Keuangan Syariah;                                               2. Sharia Financial Statements;
  3. Review Perhitungan RBC Konvensional;                                    3. Review of Conventional RBC Calculation;
  4. Review Perhitungan RBC Syariah.                                         4. Review of Sharia RBC Calculation.




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    5.G.
Sistem Pengendalian Internal
Internal Control System



Sistem Pengendalian Internal menjadi unsur penting dalam                        The Internal Control System is an important element in
pengelolaan dan menjadi dasar bagi kegiatan operasional                         the management of the Company and is the basis for the
Perusahaan. Sistem pengendalian internal bertujuan                              Company's operations. The internal control system aims
untuk memastikan bahwa setiap pekerjaan yang dilakukan                          to ensure that every work carried out in the Company’s
dalam operasi Perusahaan sesuai dengan Standar Operasi                          operations strictly adheres to the applicable Standard
Prosedur (SOP) yang berlaku. Sistem pengendalian internal                       Operating Procedures (SOP). The internal control system
diterapkan Perusahaan secara berkesinambungan dan                               is a supervisory process mechanism implemented by the
dirancang untuk dapat memberikan keyakinan yang memadai                         Company on an ongoing basis and designed to provide
bahwa kegiatan operasional telah dijalankan sesuai sasaran                      adequate assurance in a way that the operational activities
dan strategi bisnis, dan ketentuan yang berlaku.                                have been conducted in accordance with business objectives
                                                                                and strategies, and applicable regulations.


Organisasi Sistem Pengendalian Internal
Organization of Internal Control System

Pelaksanaan Sistem Pengendalian Internal di Tugu Insurance                      The Implementation of the Internal Control System at Tugu
merupakan tanggung jawab Manajemen dan seluruh                                  Insurance is the responsibility of the management and
karyawan. Agar Sistem Pengendalian dapat terlaksana                             all employees. As the Control System to be implemented
secara efektif dan efisien, diperlukan dukungan dari                            effectively and efficiently, it needs supports from Board
Dewan Komisaris, Komite Audit, Direksi, Internal Audit dan                      of Commissioners, Audit Committee, Board of Directors,
seluruh pekerja.                                                                Internal Audit and all employees.


Kerangka Kerja Sistem Pengendalian Internal
Internal Control System Framework

Dalam melaksanakan pengendalian keuangan dan                                    In carrying out financial and operational control, as well as
operasional, serta kepatuhan terhadap peraturan perundang-                      compliance with laws and regulations, the Company has
undangan, Perseroan telah mengembangkan sistem                                  developed an internal control system based on three lines of
pengendalian internal berbasis pertahanan tiga lapis (three                     defense as follows:
line of defense) sebagai berikut:
1. Lapis pertama, merupakan tugas dan tanggung jawab                            1. The first layer is the duties and responsibilities of all
    seluruh unit kerja yang menjalankan operasi bisnis.                            work units that carry out business operations. The
    Pengendalian internal yang dilakukan bersifat preventif,                       internal control conducted is preventive, based on the
    dilakukan berdasarkan kebijakan dan prosedur yang                              policies and procedures applicable to the work unit
    berlaku bagi unit kerja yang bersangkutan, termasuk                            concerned, including consultation and communication
    konsultasi dan komunikasi dengan Direksi terkait;                              with the related Directors;
2. Lapis kedua, merupakan tugas dan tanggung jawab                              2. The second layer is the duties and responsibilities of
    unit kerja yang menjalankan fungsi kepatuhan dan                               the work unit that carries out the compliance and risk
    fungsi manajemen risiko. Pengendalian yang dilakukan                           management functions. The control is detective, by
    bersifat detective, dengan melalui pemantauan                                  monitoring compliance with policies and procedures
    kepatuhan terhadap kebijakan dan prosedur serta                                as well as prevailing laws and regulations, including
    peraturan perundang-undangan yang berlaku, termasuk                            detection of the adequacy of policies and procedures in
    pendeteksian kecukupan kebijakan dan prosedur pada                             all work units;
    seluruh unit kerja;




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  3. Lapis ketiga, merupakan tugas dan tanggung jawab                   3. The third layer is the duties and responsibility of the
     unit kerja yang menjalankan fungsi audit internal.                    work unit that carries out the internal audit function. The
     Pengendalian yang dilakukan bersifat directive,                       control is directive, which results in recommendations
     yang menghasilkan rekomendasi perbaikan atau                          for improvements or enhancements to weaknesses in
     penyempurnaan terhadap kelemahan kebijakan dan                        policies and procedures based on the results of risk-
     prosedur berdasarkan hasil pemeriksaan berbasis risiko.               based audits.

  Perseroan menerapkan Sistem Pengendalian Internal                     The Internal Control System is implemented in the Company
  mencakup hal-hal berikut:                                             by covering the following:
  1. Lingkungan pengendalian internal, yang menunjukkan                 1. Internal control environment, which indicates
     kondisi lingkungan dalam satu organisasi/perusahaan                    environmental conditions in an organization/company
     yang mempengaruhi kesadaran pengendalian dari                          that affect the control awareness of the people within the
     orang-orang dalam organisasi tersebut. Lingkungan                      organization. This control environment is the foundation
     pengendalian ini merupakan landasan bagi komponen                      for other components of internal control and is greatly
     pengendalian internal lainnya dan sangat dipengaruhi                   affected by the atmosphere created by the company’s top
     oleh suasana yang diciptakan oleh Pimpinan Tertinggi                   management (tone at the top).
     Perusahaan (tone at the top).

          Dalam rangka penerapan GCG yang baik, integritas, dan              For the purpose of GCG implementation, the integrity,
          nilai-nilai etika Insan Tugu senantiasa diterapkan dalam           and ethical values of Tugu Personnel are always applied
          melakukan kegiatan operasional di Tugu Insurance.                  in the operational activities at Tugu Insurance. The
          Penandatanganan pakta integritas oleh Direksi, Dewan               signing of the integrity pact by the Board of Directors, the
          Komisaris dan karyawan, serta kewajiban seluruh                    Board of Commissioners, and employees, as well as the
          pegawai untuk menandatangani komitmen penerapan                    obligation of all employees to sign a commitment to the
          Pedoman Etika Usaha dan Tata Perilaku (Code of                     implementation of the Code of Conduct and Conflict of
          Conduct) dan Pedoman Konflik Kepentingan (Conflict                 Interest (COI) documented in a form, shows the strong
          of Interest atau COI) yang didokumentasikan dalam                  commitment of Tugu Insurance in creating a healthy
          bentuk formulir, menunjukkan komitmen tinggi Tugu                  work environment.
          Insurance dalam menciptakan suasana lingkungan kerja
          yang sehat.

          Pada level manajemen, pengawasan jalannya perusahaan               At the management level, supervision of the Company’s
          telah dilakukan oleh Komisaris melalui rapat gabungan              performance has been carried out by the Board of
          Dewan Komisaris dan Direksi secara berkala untuk                   Commissioners through joint meetings of the Board
          memastikan bahwa manajemen memenuhi tanggung                       of Commissioners and the Board of Directors on a
          jawabnya. Di sisi lain, Komite Audit yang anggota-                 regular basis to ensure that management fulfils its
          anggotanya merupakan pihak independen, selalu                      responsibilities. On the other hand, the Audit Committee,
          aktif melakukan rapat untuk memonitor aktivitas                    whose members are independent parties, is always
          operasional perusahaan.                                            active in conducting meetings to monitor the Company’s
                                                                             operational activities.

          Untuk meningkatkan kinerja dan efektivitas koordinasi              To improve the performance and effectiveness of
          antara manajemen dengan pekerja, Perseroan telah                   coordination between management and employees,
          menerapkan struktur organisasi yang baru sesuai                    the Company has implemented a new organizational
          dengan Surat Keputusan Direksi No. 169/SKD/04/                     structure Pursuant to Board of Directors' Decree
          HCM-OPR/ATPI/2023 pada tanggal 18 Desember 2023.                   No. 169/SKD/04/HCM-OPR/ATPI/2023 dated
          Garis hubungan wewenang dan pertanggungjawaban                     18 December 2023. The new line of authority and
          yang baru, diharapkan dapat memberikan kontribusi                  responsibility relations is expected to contribute better to
          yang lebih baik bagi perencanaan, pelaksanaan dan                  operational planning, implementation, and control.
          pengendalian operasional.




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2. Penilaian risiko, yang merupakan mekanisme untuk                             2. Risk assessment, which is a mechanism for identifying,
   mengidentifikasi, menganalisa dan mengelola berbagai                            analyzing, and managing various risks in the organization,
   risiko dalam organisasi dalam kaitannya dengan tujuan                           in relation to the aimed objectives. The Company has
   yang ingin dicapai. Perseroan telah melakukan penilaian                         conducted a risk assessment in all work units, which is
   risiko pada semua unit kerja, yang dikoordinasikan oleh                         coordinated by the Enterprise Risk Management (ERM)
   fungsi Enterprise Risk Managament (ERM). Penilaian                              function. This assessment is useful for determining risk
   ini berguna untuk menetapkan penerimaan risiko (risk                            appetite and risk tolerance as well as selecting a risk
   appetite dan risk tolerance) serta pemilihan rencana                            management plan. Risk measurement is done based on
   penanganan risiko. Pengukuran risiko dilakukan                                  the impacts and trends described in a risk matrix that
   berdasarkan dampak dan kecenderungan yang dijabarkan                            describes the level of risk in each function.
   dalam suatu matriks risiko yang menggambarkan tingkat                        3. Control activities, including policies and procedures,
   risiko pada masing-masing fungsi.                                               to ensure that all actions are effectively performed in
3. Aktivitas Pengendalian (control activities), mencakup                           accordance with the management’s directions. The
   kebijakan dan prosedur untuk membantu meyakinkan                                Company has policies or procedures in controlling
   bahwa semua tindakan dilaksanakan sesuai dengan                                 operational activities. The policies in force such as the
   arahan manajemen secara efektif. Perseroan                                      integrity pact, 6C (Clean, Committed, Capable, Creative,
   telah memiliki kebijakan ataupun prosedur dalam                                 Collaborative, and Customer Focus) aligned with the core
   mengendalikan kegiatan operasional. Adanya kebijakan                            values of AKHLAK (Thustworthy, Competent, Harmonious,
   seperti pakta integritas, 6C (Clean, Committed, Capable,                        Loyal, Adaptive, Collaborative), or operational procedures
   Creative, Collaborative, and Customer Focus) yang                               such as SOPs, the Board of Directors’ Decree on
   diselaraskan dengan core values AKHLAK (Amanah,                                 additional necessary rules and implementation of Internal
   Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif), ataupun                       Control over Financial Reporting (ICoFR), are expected to
   prosedur operasional seperti SOP, surat keputusan                               provide assurance that all activities are implemented in
   Direksi atas aturan tambahan yang diperlukan dan                                accordance with the management’s directions effectively.
   penerapan Internal Control over Financial Reporting                          4. Information and communication, which is a system that
   (ICoFR), diharapkan dapat memberikan keyakinan bahwa                            allows people in the organization to obtain and share the
   semua aktivitas kegiatan dilaksanakan sesuai dengan                             information needed to manage, implement, and control
   arahan manajemen secara efektif.                                                operational activities.
4. Informasi dan Komunikasi (information and                                    5. The Company has a system built by the Information
   communication), yaitu sistem yang memungkinkan                                  and Technology function, which able to provide prompt
   orang-orang dalam organisasi untuk memperoleh dan                               and accurate information through the system. The
   berbagi informasi yang diperlukan untuk mengelola,                              convenience to access the required data provides
   melaksanakan dan mengendalikan kegiatan operasional.                            benefits for every information user to analyze business
5. Perseroan telah memiliki sistem yang dibangun                                   considerations technically and comprehensively.
   oleh fungsi Informasi dan Teknologi, sehingga dapat                          6. Monitoring, which is a process of assessing the quality
   memberikan informasi melalui sistem secara cepat                                and effectiveness of the internal control system,
   dan akurat. Kemudahan dalam akses data-data yang                                including modification and enhancement if necessary.
   diperlukan memberikan manfaat bagi setiap pengguna                           7. The Company monitors and prepares monthly follow-up
   informasi untuk dapat menganalisa pertimbangan bisnis                           reports to PT Pertamina (Persero) as the parent company
   secara teknis dan lebih komprehensif.                                           on each recommendation on the findings disclosed by
6. Pemantauan (monitoring), yang merupakan proses                                  the auditors, both internal and external auditors.
   penilaian terhadap kualitas dan efektivitas dari sistem
   pengendalian internal, termasuk modifikasi dan
   penyempurnaannya apabila diperlukan.
7. Perseroan memantau dan menyusun laporan tindak lanjut
   setiap bulan yang dikirimkan ke PT Pertamina (Persero)
   sebagai induk perusahaan pada setiap rekomendasi atas
   temuan yang diungkap oleh auditor baik dari internal
   auditor maupun eksternal auditor.




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  Pengendalian Keuangan dan Operasional
  Financial and Operational Control

  Tugu Insurance menerapkan pengendalian keuangan yang               Tugu Insurance implements comprehensive financial
  komprehensif melalui mekanisme yang jelas serta prosedur           control through clear mechanisms, supported by a financial
  dan kebijakan pengelolaan yang ketat, didukung oleh sistem         management system that complies with Financial Accounting
  pengelolaan keuangan yang patuh pada Standar Akuntansi             Standards and other relevant regulations, as well as strict
  Keuangan dan peraturan lain yang relevan.                          financial management procedures and policies.


  Evaluasi atas Efektivitas Sistem Pengendalian Internal
  Evaluation of Internal Control System Effectiveness

  Manajemen Perusahaan mendorong dilakukannya evaluasi               The Company's management encourages periodic evaluation
  atas penerapan Sistem Pengendalian Internal secara                 of the Internal Control System implementation. The Internal
  berkala. Fungsi Internal Audit bertanggung jawab untuk             Audit is responsible for evaluating and assessing the
  melakukan evaluasi dan penilaian terhadap efektivitas              effectiveness of the Internal Control System as well as
  Sistem Pengendalian Internal, serta melakukan pemantauan           monitoring improvements or follow-up to the findings of the
  perbaikan atau tindak lanjut hasil temuan-temuan audit             internal audit team at various work units at Tugu Insurance.
  internal pada unit-unit kerja di Tugu Insurance. Tujuan            The objectives of this evaluation are to:
  evaluasi ini adalah untuk:
  1. Memberikan keyakinan yang memadai kepada Direksi                1. Provide adequate assurance to the Board of Directors
      dalam pemberian pernyataan mengenai efektivitas                   in providing statements regarding the effectiveness of
      pengendalian internal, untuk selanjutnya memberikan               internal control, to further provide adequate assurance
      keyakinan yang memadai kepada pemangku kepentingan                to other stakeholders that the implementation of the
      lainnya bahwa penerapan Sistem Pengendalian Internal              Company’s Internal Control System is sufficient to
      Perusahaan telah memadai untuk mencapai tujuan                    achieve the expected objectives, namely compliance with
      yang diharapkan, yaitu kepatuhan terhadap peraturan               applicable laws and regulations, availability of financial
      dan perundang-undangan yang berlaku, tersedianya                  and management information in accurate, complete
      informasi keuangan dan manajemen yang akurat, lengkap             and timely manner, and efficiency/effectiveness of the
      dan tepat waktu, serta efisien/efektivitas dari kegiatan          Company’s business activities;
      usaha perusahaan;                                              2. Provide recommendations to the Management regarding
  2. Memberikan rekomendasi kepada Manajemen                            improvements in the implementation of the Company’s
      menyangkut perbaikan penerapan Sistem Pengendalian                Internal Control System.
      Internal Perusahaan.


  Pernyataan Direksi atas Kecukupan Sistem Pengendalian Internal
  Statement of Board of Directors on Internal Control System Adequacy

  Perseroan telah melakukan evaluasi terhadap efektivitas            The Company has evaluated the effectiveness of the
  Sistem Pengendalian Internal dengan mempertimbangkan               Internal Control System by considering the results of the
  hasil evaluasi dan penilaian dari Internal Audit. Berdasarkan      evaluation and assessment from the Internal Audit. Based
  evaluasi yang dilakukan sepanjang tahun 2023, Direksi              on the evaluation conducted throughout 2023, the Board of
  menilai bahwa Perseroan telah memiliki kecukupan Sistem            Directors concludes that the Company has implemented a
  Pengendalian Internal yang diterapkan di perusahaan.               sufficient Internal Control System.




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    5.H.
Manajemen Risiko
Internal Control System


Manajemen Risiko mempunyai peran penting untuk menjaga                          Risk management has an important role in maintaining
keberlangsungan usaha sehingga dapat menghadapi                                 the continuity of the Company’s business activities so the
berbagai macam risiko yang perlu dikelola secara terencana,                     Company can face various types of risks that need to be
sistematis, dan terstruktur. Manajemen Risiko merupakan                         managed in a planned, systematic, and structured manner.
suatu budaya dimana proses-proses dan struktur diarahkan                        Risk Management is a culture where processes and
untuk mengelola manajemen yang tepat guna terhadap                              structures are directed to manage potential opportunities
peluang yang potensial dan dampak yang merugikan. Dalam                         appropriately and adverse impacts. To minimize the potential
rangka meminimalkan potensi kerugian dan memaksimalkan                          losses and maximize the potential for achieving targets, Tugu
peluang tercapainya sasaran, Tugu Insurance menerapkan                          Insurance implements Risk Management in the Company's
Manajemen Risiko pada aktivitas bisnis dan operasional                          business and operational activities based on the principles
Perseroan berdasarkan prinsip kehati-hatian dan Tata kelola                     of prudence and Corporate Governance and manages risks
Perusahaan dan mengelola risiko dengan mekanisme yang                           with mechanisms that are in line with the provisions set by
sejalan dengan ketentuan yang ditetapkan Regulator.                             the Regulator.

Guna tercapainya keberhasilan Perseroan, pengelolaan                            To achieve the Company's success, risk management
risiko memerlukan kerja sama antar seluruh pihak internal                       requires cooperation between all internal parties of the
Perseroan. Proses pengelolaan risiko adalah bagian dari                         Company. The risk management process is part of internal
pengawasan internal yang melibatkan Dewan Komisaris,                            supervision involving the Board of Commissioners, Sharia
Dewan Pengawas Syariah, Direksi, Manajemen Senior dan                           Supervisory Board, Board of Directors, Senior Management
seluruh lapisan Karyawan.                                                       and all employees.


Dasar Hukum Penerapan Manajemen Risiko
Legal Basis for Risk Management Implementation

Landasan hukum dalam penerapan Manajemen Risiko,                                The legal basis in implementation of risk management are
antara lain:                                                                    as follows:
1. Peraturan Otoritas Jasa Keuangan No. 69/                                     1. Financial Services Authority Regulation No. 69/
   POJK.05/2016 tanggal 28 Desember 2016 tentang                                    POJK.05/2016 dated 28 December 2016 concerning
   Penyelenggaraan Usaha Perusahaan Asuransi,                                       Business Conduct of Insurance Companies, Sharia
   Perusahaan Asuransi Syariah, Perusahaan Reasuransi                               Insurance Companies, Reinsurance Companies and
   dan Perusahaan Reasuransi Syariah;                                               Sharia Reinsurance Companies;
2. Peraturan Otoritas Jasa Keuangan No. 73/                                     2. Financial Services Authority Regulation No. 73/
   POJK.05/2016 tanggal 28 Desember 2016                                            POJK.05/2016 dated 28 December 2016 concerning
   tentang Tata Kelola Perusahaan yang Baik bagi                                    Good Corporate Governance for Insurance Companies;
   Perusahaan Perasuransian;                                                    3. Financial Services Authority Regulation No. 44/
3. Peraturan Otoritas Jasa Keuangan No. 44/                                         POJK.05/2020 dated 28 August 2020 concerning
   POJK.05/2020 tanggal 28 Agustus 2020 tentang                                     the Implementation of Risk Management at Non-Bank
   Penerapan Manajemen Risiko Bagi Lembaga Jasa                                     Financial Service Institutions;
   Keuangan Non-Bank;                                                           4. Financial Services Authority Circular Letter No. 8/
4. Surat Edaran Otoritas Jasa Keuangan No. 8/                                       SEOJK.05/2021 dated 5 February 2021 concerning
   SEOJK.05/2021 tanggal 5 Februari 2021 tentang                                    the Implementation of Risk Management at Insurance
   Penerapan Manajemen Risiko Bagi Perusahaan Asuransi,                             Companies, Sharia Insurance Companies, Reinsurance
   Perusahaan Asuransi Syariah, Perusahaan Reasuransi,                              Companies, and Sharia Reinsurance Companies;
   dan Perusahaan Reasuransi Syariah;                                           5. Financial Services Authority Regulation No. 28/
5. Peraturan Otoritas Jasa Keuangan No. 28/                                         POJK.05/2020 dated 22 April 2020 concerning
   POJK.05/2020 tanggal 22 April 2020 tentang Penilaian                             Assessment of the Soundness of Non-Bank Financial
   Tingkat Kesehatan Lembaga Jasa Keuangan Non-Bank;                                Service Institutions;



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  6. Peraturan Otoritas Jasa Keuangan No. 4/POJK.05/2021           6. Financial Service Authority Regulation No. 4/
      tanggal 9 Maret 2021 tentang Penerapan Manajemen                 POJK.05/2021 dated 9 March 2021 concerning
      Risiko dalam Penggunaan Teknologi Informasi oleh                 Application of Risk Management in the Use of Information
      Lembaga Jasa Keuangan Non-Bank;                                  Technology by Non-Bank Financial Services Institutions;
  7. Surat Edaran Otoritas Jasa Keuangan No. 22/                   7. Financial Services Authority Circular Letter No. 22/
      SEOJK.05/2021 tanggal 24 Agustus 2021 tentang                    SEOJK.05/2021 dated 24 August 2021 concerning
      Penerapan Manajemen Risiko Dalam Penggunaan                      Implementation of Risk Management in the Use
      Teknologi Informasi Oleh Lembaga Jasa Keuangan Non-              of Information Technology by Non-Bank Financial
      Bank;                                                            Services Institutions;
  8. Surat Edaran Otoritas Jasa Keuangan No. 1/                    8. Financial Services Authority Circular Letter No.
      SEOJK.05/2021 tanggal 15 Januari 2021 tentang                    1/SEOJK.05/2021 dated 15 January 2021
      Penilaian Tingkat Kesehatan Perusahaan Asuransi,                 concerning Assessment of Soundness Level
      Perusahaan Asuransi Syariah, dan Perusahaan                      of Insurance Companies, Sharia Insurance
      Reasuransi dan Perusahaan Reasuransi Syariah;                    Companies, and Reinsurance Companies and Sharia
  9. Peraturan Otoritas Jasa Keuangan No. 17/                          Reinsurance Companies;
      POJK.03/2014 tanggal 18 November 2014 tentang                9. Financial Services Authority Regulation No. 17/
      Penerapan Manajemen Risiko Terintegrasi Bagi                     POJK.03/2014 dated 18 November 2014 concerning
      Konglomerasi Keuangan;                                           the Implementation of Integrated Risk Management for
  10. Surat Edaran Otoritas Jasa Keuangan No. 14/                      Financial Conglomerates;
      SEOJK.03/2015 tanggal 25 Mei 2015 tentang                    10. Financial Services Authority Circular Letter No. 14/
      Penerapan Manajemen Risiko Terintegrasi Bagi                     SEOJK.03/2015 dated 25 May 2015 concerning the
      Konglomerasi Keuangan.                                           Implementation of Integrated Risk Management for
                                                                       Financial Conglomerates.

  Dalam penerapan Manajemen Risiko Terintegrasi, Perseroan         In implementing Integrated Risk Management, the
  bertindak sebagai Entitas Utama dalam konglomerasi               Company acts as the Main Entity in the TUGU Group
  keuangan TUGU Group yang terintegrasi dengan PT Tugu             financial conglomerate, which is integrated with PT Tugu
  Reasuransi Indonesia sebagai Lembaga Jasa Keuangan               Reasuransi Indonesia as a Financial Services Institution
  Anggota Konglomerasi Keuangan. Sedangkan dalam                   which is a Member of the Financial Conglomerate. In the
  penerapan Manajemen Risiko Terintegrasi di Group                 implementation of integrated Risk Management in Pertamina
  Pertamina, di mana PT Pertamina (Persero) sebagai Entitas        Group, however, PT Pertamina (Persero) is the Main Entity
  Utama, Perseroan adalah merupakan Entitas Anak.                  and the Company is a Subsidiary.

  Berdasarkan surat Otoritas Jasa Keuangan No. S-828/              Based on the Financial Services Authority letter No. S-828/
  NB.21/2022 tanggal 14 Desember 2022 perihal Perubahan            NB.21/2022 dated 14 December 2022 concerning Changes
  Status Konglomerasi Keuangan, bahwa Konglomerasi                 in the Status of the Financial Conglomerate, TUGU Group
  Keuangan Group Tugu tidak lagi memenuhi kriteria sebagai         Financial Conglomerate has no longer met the criteria as
  konglomerasi Keuangan. Dengan demikian efektif per               a financial conglomerate. Thus, effective as of the date of
  tanggal surat OJK tersebut Penerapan Manajemen Risiko            the OJK letter, the Financial Conglomerate Integrated Risk
  Terintegrasi Konglomerasi Keuangan tidak berlaku bagi Tugu       Management does not apply to Tugu Insurance. In terms
  Insurance. Dalam hal pemantauan perkembangan grup                of monitoring the development of the Financial Services
  Lembaga Jasa Keuangan, Perusahaan ditunjuk sebagai               Institutions group, the Company has been appointed as the
  koordinator dari Group Keuangan Tugu.                            coordinator of Tugu Financial Group.


  Kerangka Penerapan Manajemen Risiko
  Risk Management Implementation Framework

  Berdasarkan Kebijakan Umum Manajemen Risiko,                     The Company implements its Risk Management framework
  Perseroan menerapkan kerangka Manajemen Risiko yang              as stated in the Company’s General Risk Management Policy.
  dikembangkan selaras dengan strategi bisnis Perusahaan,          The Risk Management Framework has been developed in
  struktur organisasi, ketentuan internal, serta ketersediaan      corresponding with the Company’s business strategies,
  infrastruktur Perusahaan. Dalam implementasinya,                 organizational structure, internal regulations, and the
  penerapan Manajemen Risiko mengacu kepada standar                Company’s infrastructure. The implementation of the Risk




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SNI ISO 31000:2018 (Manajemen Risiko Berbasis                                   Management refers to the standard of SNI ISO 31000: 2018
Risiko) yang terdiri dari prinsip, kerangka kerja dan proses                    (Risk-Based Risk Management), which consists of the Risk
Manajemen Risiko.                                                               Management’s principles, framework, and process.


                                                                  Risk Management
                                                                      Principles


    Risk Management                                                                                                                                   Risk Management
       Framework                                                                                                                                           Process

                                                                  Continual Integrated
                                                               Improvement


                                                      Human &                             Structured &
                                                       Cultural                           Comprehensive
                                                        Factors        Value
                                                                    Creation and
                                                                     Protection
                                                   Best Available                         Customised
                                                     Information

                                                                    Dynamic   Inclusive




                                                                                                                                             Scope, Context,
              Improvement       Integration                                                                                                     Criteria
                                                                                                          Communication & Consolidation




                                                                                                                                                                  Monitoring & Review
                                                                                                                                             Risk Assesment

                                                                                                                                           Risk Indentification
                     Leadership &
                     Commitment                                                                                                               Risk Analysis
                                                                                                                                             Risk Education
       Evaluation                            Design
                                                                                                                                             Risk Treatment

                                                                                                                                          Recording & Reporting
                     Implementation




Landasan penerapan Manajemen Risiko adalah kerangka                             The Risk Management framework has become the basis
yang menjadi kunci keberhasilan dalam penerapan                                 for Risk Management implementation at the Company.
Manajemen Risiko Perseroan. Manajemen Risiko merupakan                          This is the key to success in implementing the Company’s
bagian dari Tata kelola Perusahaan yang menjadi dasar                           risk management. Risk Management is part of Corporate
dalam pengelolaan risiko-risiko di semua tingkatan Perseroan                    Governance which is the basis for managing risks at all
dalam rangka pencapaian dan peningkatan kinerja. Kerangka                       levels of the Company, with the objective of maintaining and
Manajemen Risiko merupakan pengembangan dari prinsip-                           improving performance. The Risk Management Framework
prinsip Manajemen Risiko yang memberikan dasar dalam                            is the result of the development of the Risk Management
pengelolaan Perseroan yang mencakup seluruh aktivitas                           principles. The principles consitute the basis for managing
usaha Perusahaan. Pelaksanaan proses Manajemen Risiko                           the Company and its business activities. The implementation
dimulai dengan melakukan komunikasi dan konsultasi,                             of the Risk Management process begins with communication
penetapan konteks, penilaian risiko, identifikasi risiko,                       and consultation, context setting, risk assessment, risk
perlakuan terhadap risiko, diakhiri dengan pemantauan dan                       identification, response to risk, and ends with the monitoring
pengkajian terhadap proses pengelolaan risiko.                                  and review of risk management process.



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  Pelaksanaan Manajemen Risiko di Tugu Insurance                                      The implementation of Risk Management at Tugu
  melibatkan seluruh unsur dalam organisasi mulai                                     Insurance involves all elements in the organization, from
  dari manajemen hingga karyawan pelaksana. Seluruh                                   the management to all levels of employees. All the afore-
  unsur tersebut berperan aktif dalam konteks “Tiga Lini                              mentioned elements play an active role in the context of the
  Pertahanan” manajemen risiko.                                                       “Three Lines of Defense” risk management.



                                   Dewan Komisaris                                             Komite Pemantau Risiko
                                  Board of Commissioners                                         Risk Monitoring Committee




                                         Direksi                                              Komite Manajemen Risiko
                                    Board of Directors                                          Risk Management Committee




                                                                                                                                      Audit Eksternal
                                                                                                                                                        External Audit



                                                                                                                                                                         Regulator
                                                                                                                                                                                     Regulator
            First Line of           Second Line of           Third Line of
              Defense                  Defense                 Defense

                 Risk                  Independent            Independent
                Owners                   Function          Assurance Function

          • Unit Kerja Bisnis
          • Business Work Units
          • Unit Kerja
                                       • ERM
            Operasional dan                                       Internal Audit
                                       • Compliance
            Pendukung
          • Operational and
            Supporting Work
            Units




  Lini-1: First Line of Defense                                                       Line-1: First Line of Defense
  First line of defense atau lini pertahanan pertama                                  The first line of defense consists of risk-owning work units
  berisi unit kerja pemilik risiko yang melaksanakan                                  that carry out business functions as well as operational
  fungsi bisnis dan unit kerja operasional dan pendukung                              and business support work units. In conducting their daily
  bisnis. Dalam melaksanakan aktivitas harian, unit kerja                             activities, the work units are exposed with various types and
  tersebut berhadapan langsung dengan berbagai jenis dan                              possible risks. All functions in the first line of defense are
  kemungkinan risiko. Seluruh fungsi pada lini pertahanan                             responsible for identifying and managing the risks exposed in
  pertama bertanggung jawab dalam mengidentifikasi dan                                each product, activity, process and system, and are expected
  mengelola risiko yang melekat pada setiap produk, kegiatan,                         to have a high-risk awareness to manage risk effectively.
  proses dan sistem yang dijalankan, serta diharapkan
  memiliki kesadaran risiko yang tinggi untuk mengelola risiko
  dengan efektif.

  Lini-2: Second Line of Defense                                                      Line-2: Second Line of Defense
  Second line of defense atau lini pertahanan kedua terdiri                           The second line of defense consists of a Risk Management
  dari unit kerja Manajemen Risiko dan unit kerja Kepatuhan.                          work unit and a Compliance work unit. The work unit in the
  Unit kerja di lini pertahanan kedua bertanggung jawab atas                          second line of defense is responsible for the development of
  pengembangan strategi Manajemen Risiko, pemeliharaan                                Risk Management strategies, maintenance, and continuous
  dan pengembangan berkelanjutan dari kerangka pengelolaan                            development of the risk management framework. These work
  risiko dan memberikan masukan serta arahan kepada unit                              units also provide inputs and direction to business work
  kerja bisnis dan unit kerja pendukung mengenai proses                               units and supporting work units regarding risk management
  pengelolaan risiko, pengukuran risiko dan pelaporan.                                process, risk measurement and reporting.



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Lini-3: Third Line of Defense                                                   Line-3: Third Line of Defense
Third line of defense atau lini pertahanan ketiga adalah                        The third line of defense is the internal audit unit. The
unit internal audit. Internal audit berfungsi sebagai unit                      internal audit has the function as an independent unit
independen yang bertugas melakukan risk-based audit yang                        assigned with conducting a risk-based audit that provides
memberikan added value kepada lini pertahanan pertama                           added value to the first and second lines of defense. This
dan kedua, untuk memastikan bahwa seluruh elemen                                is to ensure that all elements of the Company have properly
Perusahaan telah melaksanakan fungsi dan tanggung                               executed their functions and responsibilities, including
jawabnya dengan baik termasuk memastikan kesesuaian                             ensuring compliance with the Company’s management
dengan kebijakan manajemen Perseroan dan regulasi                               policies and prevailing regulations.
yang berlaku.


Organisasi Manajemen Risiko
Organization of Risk Management

Perseroan telah memberikan tanggung jawab kepada Unit                           The Company given responsibility to the Risk Management
Kerja Manajemen Risiko di bawah Direktur Kepatuhan                              Work Unit under the Compliance & Risk Management
& Manajemen Risiko sebagai upaya untuk memastikan                               Director as an effort to ensure that Risk Management is
berjalannya pengelolaan Manajemen Risiko yang terukur                           managed in a measurable manner and in accordance with
dan sesuai dengan ketentuan. Unit Kerja Manajemen Risiko                        applicable provisions. The Risk Management Work Unit is a
merupakan unit kerja yang independen dari unit bisnis dan                       work unit that is independent from the Company’s business
unit operasional Perseroan, dan memiliki tanggung jawab                         units and operational units, and has main responsibility to
utama untuk memastikan proses penerapan manajemen                               ensure that the risk management implementation process
risiko telah berjalan efektif di Perseroan.                                     works effectively in the Company.

Unit Kerja Manajemen Risiko memiliki tugas dan wewenang                         The authorities and responsibilities of the Risk Management
antara lain:                                                                    Work unit include:
1. Bertanggung jawab langsung kepada Direktur Kepatuhan                         1. Directly responsible to the Compliance & Risk
   & Manajemen Risiko;                                                             Management Director;
2. Melakukan kegiatan-kegiatan, antara lain:                                    2. Conducting activities such as the followings:
   a. Identifikasi risiko termasuk risiko yang melekat                             a. Risk identification, including inherent risks in the
       (inherent risk) pada kegiatan usaha Perusahaan;                                 Company’s business activities;
   b. Penyusunan metode pengukuran risiko;                                         b. Preparing risk measurement method;
   c. Pemantauan pelaksanaan strategi Manajemen Risiko                             c. Monitoring the implementation of Risk Management
       yang telah disetujui oleh Direksi;                                              strategy that has been approved by the Board
   d. Pemantauan posisi risiko secara keseluruhan                                      of Directors;
       (composite), per jenis risiko, dan per jenis aktivitas                      d. Monitoring the overall risk position (composite), per
       fungsional terhadap toleransi risiko (risk tolerance)                           type of risk, and per type of functional activity against
       dan limit yang telah ditetapkan;                                                the risk tolerance and limits that have been set;
   e. Melakukan kaji ulang secara berkala terhadap proses                          e. Conducting periodic reviews of Risk
       Manajemen Risiko;                                                               Management process;
   f. Kajian risiko atas pengembangan atau perluasan                               f. Risk assessment on the development or expansion of
       kegiatan usaha;                                                                 business activities;
   g. Evaluasi terhadap akurasi model (internal                                    g. Evaluation of internal model and validity of data used
       model) dan validitas data yang digunakan dalam                                  in risk measurement;
       pengukuran risiko;                                                          h. Providing recommendations to business and
   h. Memberikan rekomendasi kepada fungsi bisnis dan                                  operational functions as well as the Risk
       operasional serta Komite Manajemen Risiko sesuai                                Management Committee in corresponding to their
       dengan kewenangannya;                                                           respective authorities;
   i. Menyusun dan menyampaikan profil risiko secara                               i. Preparing and submitting risk profiles regularly to
       berkala kepada Direktur Utama atau Direktur yang                                the President Director or the Director in charge
       membawahi fungsi Manajemen Risiko dan Komite                                    of the Risk Management function and the Risk
       Manajemen Risiko.                                                               Management Committee.




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  3. Menyusun dan menyampaikan laporan Manajemen Risiko                         3. Preparing and submitting Risk Management reports,
     baik pelaporan internal maupun eksternal yang menjadi                         both internal and external reports that have become the
     kewajiban Perusahaan;                                                         Company’s obligations;
  4. Memberikan rekomendasi kepada Satuan Kerja Bisnis/                         4. Providing recommendations to the Business/Operational
     Operasional dan Komite Manajemen Risiko sesuai                                Work Unit and the Risk Management Committee
     kewenangan yang dimiliki;                                                     according to their respective authorities;
  5. Memberikan masukan kepada Direksi dalam penyusunan                         5. Providing input to the Board of Directors in the
     Kebijakan Manajemen Risiko Perusahaan;                                        preparation of the Company’s Risk Management Policy;
  6. Mengembangkan budaya sadar risiko (risk awareness) di                      6. Developing risk awareness culture in all work units of
     seluruh unit kerja Perusahaan;                                                the Company;
  7. Berkoordinasi dengan Satuan Kerja Kepatuhan dan                            7. Coordinating with the Compliance Unit and the Internal
     Satuan Kerja Audit Internal dalam rangka pelaksanaan                          Audit Unit in the context of implementing the three lines
     three lines of defense.                                                       of defense.

  Struktur Organisasi Unit Kerja Manajemen Risiko
  Organizational Structure of Risk Management Work Unit




                                                                     Kepatuhan dan
                                                                    Manajemen Risiko
                                                             Compliance and Risk Management




                                                                  ERM, APU PPT & Policy




                                                                         Enterprise
                 Corporate Policy                                                                                      APU PPT
                                                                     Risk Management



                 Direktorat Directorate                 Grup Group              Departemen Departement                 Fungsional Functional




  Penerapan Manajemen Risiko
  Risk Management Implementation

  Cakupan Penerapan Manajemen Risiko Tugu                                       The scope of Tugu Insurance’s Risk Management
  Insurance meliputi:                                                           implementation includes:
  1. Pengawasan aktif Direksi, Dewan Komisaris, dan Dewan                       1. Active supervision of the Board of Directors, the Board
     Pengawas Syariah. Ketiganya bertanggung jawab atas                            of Commissioners, and Sharia Supervisory Board. All
     efektivitas penerapan Manajemen Risiko di Perseroan.                          the three Boards are responsible for the effectiveness
     Oleh karena itu, Direksi, Dewan Komisaris dan Dewan                           of Risk Management implementation in the Company.
     Pengawas Syariah diharuskan untuk:                                            Therefore, the Board of Directors, the Board of
     a. Memahami jenis risiko dan tingkat risiko yang                              Commissioners, and the Sharia Supervisory Board are
         melekat pada kegiatan usaha Perseroan;                                    required to:
     b. Memberikan arahan yang jelas dalam penerapan                               a. Understand the types of risks and the level of risks
         Manajemen Risiko;                                                             inherent in the Company’s business activities;
                                                                                   b. Provide clear directions in the implementation of
                                                                                       Risk Management;


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    c. Melakukan pengawasan dan mitigasi risiko                                    c. Provide active risk monitoring and mitigation;
       secara aktif;                                                               d. Develop the Company’s Risk Management culture;
    d. Mengembangkan budaya Manajemen                                              e. Ensure adequate organizational structure along with
       Risiko Perseroan;                                                              respective duties and responsibilities to support an
    e. Memastikan struktur organisasi yang memadai                                    effective implementation of Risk Management;
       beserta tugas dan tanggung jawab masing-masing,                             f. Ensure the adequacy of the quantity and quality of
       untuk mendukung penerapan Manajemen Risiko                                     human resources for the effective implementation of
       yang efektif;                                                                  risk management.
    f. Memastikan kecukupan kuantitas dan kualitas
       sumber daya manusia untuk penerapan Manajemen
       Risiko secara efektif.

    Dalam pelaksanaannya, penerapan Manajemen Risiko,                           In practice, the implementation of Risk Management,
    pengawasan aktif oleh Direksi, Dewan Komisaris dan                          active supervision by the Board of Directors, the Board
    Dewan Pengawas Syariah dilaksanakan melalui:                                of Commissioners, and the Sharia Supervisory Board is
                                                                                realized through:
    a. Pelaksanaan rapat Komite Pemantau Risiko                                     a. Implementation of routine Risk Monitoring
       secara berkala.                                                                  Committee meetings;
    b. Pelaksanaan rapat Komite Manajemen Risiko                                    b. Implementation of routine Risk Management
       secara berkala;                                                                  Committee meetings;
    c. Pelaksanaan Rapat Dewan Pengawas Syariah secara                              c. Conduct regular Sharia Supervisory Board meetings
       berkala dan mengawasi pemenuhan prinsip syariah                                  and oversee the compliance with sharia principles for
       atas produk, aktivitas unit usaha Syariah Perusahaan                             products, activities of the Company’s Sharia business
       agar sesuai dengan fatwa Dewan Syariah Nasional-                                 unit that comply with the fatwa of the National Sharia
       Majelis Ulama Indonesia;                                                         Council-Indonesian Ulema Council;
    d. Menetapkan, monitoring dan review atas pelaksanaan                           d. Establishment, monitoring, and review of the
       mitigasi Top Risk Register on Going Business                                     mitigation of the Company’s Top Risk Register on
       Perseroan secara berkala;                                                        Going Business on a regular basis;
    e. Monitoring dan review atas Early Warning System/Key                          e. Monitoring and review of the Company’s Early Warning
       Risk Indicator Perseroan secara berkala;                                         System/Key Risk Indicators on regular basis;
    f. Pelaporan hasil assessment profil risiko terintegrasi                        f. Reporting of the results of the integrated risk profile
       yang disampaikan secara berkala;                                                 assessment that is submitted periodically;
    g. Pelaporan hasil self assessment Tingkat Kesehatan                            g. Reporting of the results of the Company’s Soundness
       Perseroan (tata kelola yang baik, profil risiko,                                 Level self-assessment (good corporate governance,
       rentabilitas dan permodalan) secara tahunan;                                     risk profile, profitability, and capital) on an
    h. Meningkatkan awareness dengan pembuatan flyer                                    annual basis;
       Manajemen Risiko;                                                            h. Enhancement of awareness by creating Risk
    i. Mengadakan pertemuan antara Unit Kerja Manajemen                                 Management flyers;
       Risiko dengan Komite Pemantau Risiko;                                        i. Organizing meetings between the Risk Management
    j. Mengikutsertakan pegawai dalam training, seminar,                                Unit and the Risk Monitoring Committee;
       workshop, maupun sertifikasi profesi.                                        j. Involvement of employees in training
                                                                                        sessions, seminars, workshops, as well as
                                                                                        professional certifications.

2. Kecukupan kebijakan, prosedur dan penetapan limit                            2. Adequacy of policies, procedures, and determination
   risiko. Penerapan Manajemen Risiko yang efektif harus                           of risk limits. The implementation of effective Risk
   didukung dengan kerangka yang mencakup kebijakan                                Management must be supported by a framework that
   dan prosedur Manajemen Risiko serta limit risiko                                includes Risk Management policies and procedures as
   yang ditetapkan secara jelas sejalan dengan visi, misi                          well as risk limits that are clearly defined in line with the
   dan strategi bisnis Perseroan. Penyusunan kebijakan                             Company’s vision, mission and business strategy. Risk
   dan prosedur Manajemen Risiko tersebut dilakukan                                Management policies and procedures are formulated
   dengan memperhatikan antara lain karakteristik dan                              by considering the characteristics and complexity
   kompleksitas kegiatan bisnis, tingkat risiko yang akan                          of business activities, the level of risk appetite and




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          diambil dan toleransi risiko, profil risiko serta ketentuan           risk tolerance, risk profile and applicable regulatory
          regulator yang berlaku. Kecukupan kebijakan, prosedur                 provisions. Adequacy of policies, procedures and
          dan penetapan limit risiko ditentukan melalui:                        determination of risk limits is defined through:
          a. Perseroan memiliki Pedoman Manajemen Risiko                        a. The Company’s Risk Management Manual, which
             yang mencakup prinsip Manajemen Risiko, kerangka                       includes the Risk Management principle, Risk
             Manajemen Risiko, penerapan Manajemen Risiko,                          Management framework, Risk Management
             wewenang dan tanggung jawab, dan kebijakan                             application as well as Risk Management authorities,
             Manajemen Risiko;                                                      responsibilities, and policies;
          b. Menetapkan dan melakukan kaji ulang Risk Appetite                  b. Determination and review of the Company’s monthly
             Statement serta pelaporan Key Risk Indicator/Early                     Risk Appetite Statement as well as the Company’s
             Warning System Perseroan setiap bulannya untuk                         monthly Key Risk Indicator/Early Warning System
             mengelola risiko agar tetap berada dalam batasan                       reporting to manage risks to remains within risk
             toleransi risiko (risk tolerance), dan memberikan                      tolerance limits, and provide adequate assurance
             keyakinan yang memadai dalam rangka pencapaian                         towards achieving the Company’s goals and
             tujuan dan sasaran Perseroan. Perseroan secara                         objectives. The Company continuously complete,
             berkelanjutan melengkapi, menyempurnakan, dan                          enhance, and update its Risk Management policies
             mengkinikan kebijakan dan prosedur Manajemen                           and procedures, in line with business developments
             Risiko agar sesuai dengan perkembangan usaha dan                       and the provisions of the Regulator.
             ketentuan Regulator.

      3. Kecukupan proses identifikasi, pengukuran, pengendalian           3. Adequacy of risk identification, measurement, risk
         dan pemantauan risiko serta Sistem Informasi                         control and monitoring as well as a Risk Management
         Manajemen Risiko. Arsitektur proses Manajemen                        Information System. The Company’s Risk Management
         Risiko Perseroan menggunakan SNI ISO 31000:2018                      process architecture refers to SNI ISO 31000:2018
         (penerapan manajemen risiko berbasis risiko) mulai                   (risk-based implementation of Risk Management),
         dari prinsip yang digunakan, framework dan standar                   starting from the principles used, framework, to Risk
         proses Manajemen Risiko. Penerapan dilakukan dengan                  Management process standards. The implementation
         menggunakan tools yang telah dibentuk oleh unit kerja                is carried out using the tools formed by the Risk
         Manajemen Risiko yang terdiri dari risk register on going            Management work unit, which consists of a risk register
         business dan monitoring pelaksanaan mitigasi risk                    on going business and monitoring of the mitigation of
         register, matriks yang digunakan sebagai alat untuk                  risk register, a matrix used as a tool to measure/assess
         melakukan pengukuran/penilaian risiko, level of guidance             risk, level of guidance to manage risk. The assessment
         untuk mengelola risiko. Penilaian dilakukan oleh seluruh             is conducted by all work units of the Company (as risk
         unit kerja Perseroan (risk owner).                                   owners).

          Pelaksanaan proses Manajemen Risiko Perseroan                         The Company’s Risk Management process is conducted
          dilakukan sebagai berikut:                                            as follows:
          a. Identifikasi Risiko                                                a. Risk Identification
              1) Identifikasi risiko yang melekat pada kegiatan                     1) Identification of risks inherent in work unit
                 unit kerja dilakukan oleh masing-masing pemilik                        activities is conducted by each risk owner in
                 risiko (risk owner) berkoordinasi dengan masing-                       coordination with each risk champion from each
                 masing risk champion dari masing-masing unit                           work unit with the aim of encouraging work
                 kerja dengan tujuan untuk mendorong unit kerja                         units to identify risks inherent in their respective
                 mengidentifikasi risiko yang melekat pada fungsi                       functions and mitigate the risks they face;
                 masing-masing dan melakukan mitigasi atas risiko                   2) Applying methods which can be used for all
                 yang dihadapinya;                                                      activities in the Company;
              2) Menggunakan metode yang dapat berlaku untuk                        3) Results of the risk profile of each function/work
                 seluruh aktivitas Perseroan;                                           unit are documented as a risk register.
              3) Hasil profil risiko dari setiap fungsi/unit kerja
                 didokumentasikan sebagai risk register.




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    b. Pengukuran Risiko                                                        b. Risk Measurement
       1) Sistem pengukuran risiko digunakan untuk                                 1) The risk measurement system is used to
           mengukur exposure risiko Perseroan sebagai                                  measure the Company’s risk exposure as a
           acuan untuk melakukan pengendalian.                                         reference for controlling. Risk measurement is
           Pengukuran risiko dilakukan secara                                          done periodically on the Company’s business and
           berkala terhadap aktivitas bisnis dan                                       operational activities;
           operasional Perseroan;                                                  2) Each function/work unit measures each risk in the
       2) Setiap fungsi/unit kerja melakukan pengukuran                                risk register on going business both quantitatively
           setiap risiko di dalam risk register on going                               and qualitatively with reference to past trends
           business baik yang bersifat kuantitatif maupun                              and estimates of the Company's potential losses
           kualitatif dengan mengacu pada kecenderungan                                and appropriate assumptions to support accuracy
           yang terjadi di masa lalu dan estimasi potensi                              and fairness.
           kerugian Perusahaan serta asumsi yang sesuai                         c. Risk control
           untuk mendukung akurasi dan kewajaran.                                  The Company carries out the Risk control,
    c. Pengendalian Risiko.                                                        among others by hedging mechanisms and risk
       Pengendalian risiko dilakukan oleh Perseroan antara                         mitigation methods.
       lain dengan cara mekanisme lindung nilai, dan                            d. Risk Monitoring
       metode mitigasi risiko.                                                     1) The Company monitors the level of risk exposure,
    d. Pemantauan Risiko.                                                              risk tolerance and the results of stress testing
       1) Perseroan melakukan pemantauan terhadap                                      on a regular and continuous basis, by comparing
           besarnya exposure risiko, toleransi risiko                                  the risks that arise with the risk limits that have
           dan hasil stress testing secara berkala dan                                 been set;
           berkesinambungan dengan membandingkan                                   2) Monitoring the implementation of Risk Register
           risiko yang muncul dengan limit risiko yang                                 mitigation for each function/work unit is presented
           telah ditetapkan.                                                           in monthly periodic reports and accompanied by
       2) Pemantauan pelaksanaan mitigasi Risk Register                                evidence of mitigation implementation.
           setiap fungsi/unit kerja disajikan dalam laporan                     e. Risk Management Information System
           berkala setiap bulannya disertai dengan evidence                        The Company’s Risk Management Information System
           pelaksanaan mitigasi.                                                   must be able to ensure the availability of accurate,
    e. Sistem Informasi Manajemen Risiko.                                          complete, informative, timely and reliable information.
       Sistem Informasi Manajemen Risiko Perseroan harus                           As a result, it can be useful for the Board of Directors,
       dapat memastikan tersedianya informasi yang akurat,                         Board of Commissioners, and related work units in
       lengkap, informatif, tepat waktu dan dapat diandalkan                       the implementation of Risk Management to assess,
       agar dapat digunakan Direksi, Dewan Komisaris                               monitor, and mitigate the risks faced by the Company
       dan satuan kerja yang terkait dalam penerapan                               both overall/composite risk and per risk within the
       Manajemen Risiko untuk menilai, memantau, dan                               framework of the decision-making process by the
       memitigasi risiko yang dihadapi Perseroan baik                              Board of Directors.
       risiko keseluruhan/komposit maupun per risiko dan/
       atau dalam rangka proses pengambilan keputusan
       oleh Direksi.

        Dalam hal pengembangan infrastruktur sistem                                In terms of risk management information system
        informasi manajemen risiko, Perseroan telah memiliki                       infrastructure development, the Company has a web-
        Sistem Informasi Manajemen Risiko berbasis                                 based Risk Management Information System.
        Aplikasi web.

        Adapun aplikasi tersebut adalah Tugu Enterprise                            The application is known as Tugu Enterprise Risk
        Risk Management System (T-ERMS) yang merupakan                             Management System (T-ERMS) which is a system to
        sebuah sistem untuk mendukung kegiatan                                     support risk management administrative activities
        administratif pengelolaan risiko mulai dari proses                         from risk identification, risk analysis, risk monitoring
        identifikasi risiko, analisis risiko, monitoring risiko                    to risk report submission that can be executed easily
        sampai dengan penyampaian laporan risiko yang                              and quickly.
        dapat dilakukan secara mudah dan cepat.




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             T-ERMS dibangun pada periode bulan Agustus 2021                    T-ERMS was built in August 2021 and completed in
             dan diselesaikan pada bulan Desember 2023 yang                     December 2023 and consists of 2 (two) modules,
             terdiri dari 2 (dua) modul antara lain:                            such as:
             1) Modul Tingkat Kesehatan Perusahaan Perseroan                    1) Soundness Level Module of the Company
                 dengan model penilaian Risk Based Nonbank                          with Risk Based Nonbank Rating (RBNBR)
                 Rating (RBNBR).                                                    assessment model.
             2) Modul manajemen risiko operasional.                             2) Operational risk management module.

             Perseroan telah memiliki Sistem Informasi                          The Company has a Risk Management Information
             Manajemen Risiko yang antara lain diwujudkan dalam                 System which is manifested in the form of
             bentuk penyampaian laporan sebagai berikut:                        submission of reports as follows:
             1) Pelaporan hasil penilaian sendiri profil                        1) Reporting the results of self-assessment of the
                risiko terintegrasi konglomerasi keuangan                          financial conglomerate's integrated risk profile on
                secara berkala;                                                    a regular basis;
             2) Pelaporan Tingkat Kesehatan Perseroan                           2) Risk-based reporting of the Company's
                berbasis Risiko;                                                   Soundness Level;
             3) Pelaporan monitoring pelaksanaan mitigasi Top                   3) Reporting on monitoring implementation of Top
                Risk Register on going business;                                   Risk Register mitigation on going business;
             4) Pelaporan Pemantauan Risk Appetite Statement,                   4) Risk Appetite Statement Monitoring Reporting,
                Early Warning System (Key Risk Indicator);                         Early Warning System (Key Risk Indicator);
             5) Review limit risiko (rule rating) dalam penilaian               5) Review the risk limit (rule rating) in assessing the
                profil faktor tingkat Kesehatan, yang mencakup                     Soundness level factor profile, which includes Risk
                Profil Risiko, Rentabilitas dan permodalan.                        Profile, Profitability and capital;
             6) Pencatatan dan pemutakhiran database untuk                      6) Record and update database for potential and
                potensial dan aktual kerugian Perusahaan;                          actual Company losses;
             7) Uji pegendalian internal terhadap mitigasi risiko               7) Test of internal control on planned risk mitigation.
                yang telah direncanakan;                                        8) Management follow-up plan.
             8) Rencana tindak lanjut manajemen.

      4. Sistem Pengendalian Internal yang menyeluruh.                 4. Comprehensive Internal Control System.
         Terselenggaranya sistem pengendalian internal Perseroan          The implementation of the Company's reliable and
         yang handal dan efektif menjadi tanggung jawab dari              effective internal control system is the responsibility
         seluruh satuan kerja operasional dan satuan kerja                of all operational work units and supporting work units
         pendukung serta satuan kerja audit internal. Perseroan           as well as the internal audit work unit. The Company
         menerapkan konsep three lines of defenses dalam                  applies the three lines of defenses concept in risk
         dalam pengelolaan risiko. Pengelolaan risiko dilakukan           management. Risk management is carried out by all
         oleh semua lini organisasi, dan dilakukan pengawasan             lines of the organization, and oversight is carried out by
         (oversight) oleh Dewan Komisaris dan Direksi. Sebagai            the Board of Commissioners and Directors. As a risk
         risk owner, seluruh unit bisnis dan unit pendukung               owner, all business units and support units function as
         berfungsi sebagai first line of defense yang mengelola           the first line of defense to manage risks related to their
         risiko terkait unit kerjanya. Sementara itu, satuan              work units. Meanwhile, the Risk Management work unit
         kerja Manajemen Risiko dan satuan kerja Kepatuhan                and Compliance work unit function as a second line of
         berfungsi sebagai second line of defense yang memantau           defense that monitors the implementation of corporate
         penerapan kebijakan dan panduan Manajemen Risiko                 Risk Management policies and guidelines. Meanwhile,
         secara korporasi. Sedangkan satuan kerja Audit Internal          the Internal Audit work unit as the third line of defense is
         sebagai third line of defense bertugas memberikan                tasked with providing independence assurance regarding
         jaminan independensi terhadap penerapan Manajemen                the implementation of Risk Management in the Company.
         Risiko di Perseroan.




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Perseroan melaksanakan sistem pengendalian internal                             The Company implements an internal control system in
dalam penerapan Manajemen Risiko dengan menerapkan                              the Risk Management implementation by applying Internal
Internal Control over Financial Reporting (ICoFR) yang                          Control over Financial Reporting (ICoFR) which is a Risk
merupakan Risk Control Self Assessment (RCSA) pada proses                       Control Self Assessment (RCSA) in the financial reporting
pelaporan keuangan untuk dapat mencegah dan mendeteksi                          process to prevent and detect material misstatements in a
salah saji material secara tepat waktu.                                         timely manner.


Upaya Peningkatan Budaya Risiko
Efforts to Improve Risk Culture

Perseroan menilai bahwa memerlukan landasan inti yang                           The Company considers it is requires a solid foundation to
kuat dalam penerapan Manajemen Risiko yang efektif                              implementing effective risk management, in order to adopt
guna menanamkan prinsip kehati-hatian dan nilai-nilai                           the precautionary principle and the important values of risk
penting suatu risiko kepada seluruh karyawan. Unit                              in all employees. The Risk Management Unit proactively
Kerja Manajemen Risiko secara proaktif berusaha untuk                           makes efforts to improve the Company’s Risk Management
meningkatkan kemampuan Manajemen Risiko di Perseroan                            functions by providing full support and contribution in the
melalui pemberian dukungan dan kontribusi penuh dalam                           implementation of Risk Management, developing corporate
pelaksanaan Manajemen Risiko, mengembangkan budaya                              risk culture awareness throughout the Company’s processes
sadar risiko (corporate risk culture) ke seluruh proses                         by emphasizing the concept of everybody is risk manager.
Perseroan dengan menitikberatkan konsep risiko sebagai
tanggung jawab setiap orang (everybody is risk manager).

Satuan Kerja Manajemen Risiko (SKMR) melakukan                                  The Risk Management Work Unit (SKMR) instilled a
penanaman budaya sadar risiko melalui kegiatan sepanjang                        risk-concious culture through activities throughout
tahun 2023 meliputi:                                                            2023 including:
1. Pelatihan dan sosialisasi manajemen risiko.                                  1. Risk management training and dissemination.
2. Coaching clinic dan asistensi risk register.                                 2. Coaching clinic and risk register assistance.
3. Flyer dan banner.                                                            3. Flyers and banners.
4. Display tv di area kantor.                                                   4. TV display in the office area.
5. Penyebaran e-mail kepada seluruh karyawan.                                   5. Distributing e-mail to all employees.
6. Forum komunikasi manajemen risiko.                                           6. Risk management communication forum.


Efektivitas Penerapan Manajemen Risiko
Effectiveness of Risk Management Implementation

Implementasi Manajemen Risiko di Tugu Insurance dilakukan                       Implementation Tugu Insurance implements the Risk
berdasarkan Peraturan Otoritas Jasa Keuangan No. 44/                            Management pursuant to the Financial Services Authority
POJK.05/2020 tentang Penerapan Manajemen Risiko bagi                            Regulation No. 44/POJK.05/2020 concerning the
Lembaga Jasa Keuangan Non-Bank dengan metode penilaian                          Implementation of Risk Management for Non-Bank Financial
sendiri dengan menggunakan model Risk Based Nonbank                             Services Institutions using the Self Assessment method.
Rating (RBNBR). Evaluasi Perseroan atas efektivitas sistem                      The Company’s evaluation of the effectiveness of the risk
manajemen risiko meliputi:                                                      management system includes:
1. Kebijakan dan prosedur yang digunakan untuk                                  1. Policies and procedures in assessing risks;
   menilai risiko;                                                              2. Development of risk exposure faced by the Company;
2. Perkembangan eksposur risiko yang dihadapi                                   3. Adequate policies, procedures, and risk
   oleh Perseroan;                                                                 limit determination;
3. Kecukupan kebijakan, prosedur dan penetapan                                  4. Adequacy of risk identification, measurement, monitoring
   limit risiko;                                                                   and control processes;
4. Kecukupan proses identifikasi, pengukuran, pemantauan                        5. Effectiveness of a comprehensive internal
   dan pengendalian risiko;                                                        control system.
5. Efektivitas sistem pengendalian internal
   yang menyeluruh.



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          Performance Review          Management Report           Company Profile           Management Discussion and Analysis




  Evaluasi atas efektivitas Manajemen Risiko dilakukan               Evaluation of the effectiveness of Risk Management is
  juga melalui laporan berkala yang dikirimkan kepada                also done through periodic reports sent to the Board of
  Dewan Komisaris, Dewan Pengawas Syariah dan Direksi                Commissioners, the Sharia Supervisory Board and the Board
  dalam Laporan Profil Risiko dan Laporan Tingkat                    of Directors in the Risk Profile Report and the Company’s
  Kesehatan Perseroan.                                               Sound Level Report.


  Jenis Risiko Perseroan dan Pengelolaannya
  Types of the Company’s Risks and Their Management

  Peraturan Otoritas Jasa Keuangan No. 44/POJK.05/2020               Pursuant to Financial Services Authority Regulation No. 44/
  tentang Penerapan Manajemen Risiko Bagi Lembaga Jasa               POJK.05/2020 concerning Application of Risk Management
  Keuangan Non-Bank, mewajibkan Perseroan menerapkan                 for Non-Bank Financial Services Institutions, the Company is
  Manajemen Risiko untuk jenis risiko sebagai berikut:               required to apply Risk Management for the following types
                                                                     of risk:
  a.      Risiko Strategis;                                          a. Strategic Risk;
  b.      Risiko Operasional;                                        b. Operational Risk;
  c.      Risiko Asuransi;                                           c. Insurance Risk;
  d.      Risiko Kredit;                                             d. Credit Risk;
  e.      Risiko Pasar;                                              e. Market Risk;
  f.      Risiko Likuiditas;                                         f. Liquidity Risk;
  g.      Risiko Hukum;                                              g. Legal Risk;
  h.      Risiko Kepatuhan;                                          h. Compliance Risk;
  i.      Risiko Reputasi.                                           i. Reputational Risk.

  1. Risiko Strategi adalah risiko akibat ketidaktepatan dalam       1. Strategic Risk is the risk due to inaccuracy in making
     pengambilan dan/atau pelaksanaan suatu keputusan                   and/or implementing a strategic decision and failure to
     strategis serta kegagalan dalam mengantisipasi                     anticipate changes in the business environment. The
     perubahan lingkungan bisnis. Dalam pengelolaan Risiko              following are conducted by the Company in managing
     Strategi, Perseroan antara lain:                                   Strategic Risk:
     a. Menyusun dan menetapkan strategi bisnis tahunan                 a. Developing and determining the annual business
         yang dituangkan dalam Rencana Kerja Anggaran                       strategy as outlined in the Company’s Budget and
         Perusahaan (RKAP);                                                 Plan (RKAP);
     b. Menyusun dan menetapkan strategi bisnis jangka                  b. Developing and defining the medium-term and long-
         menengah/panjang yang dituangkan dalam Rencana                     term business strategy as outlined in the Company’s
         Jangka Panjang Perusahaan (RJPP);                                  Long-Term Plan (RJPP);
     c. Melakukan monitoring dan evaluasi pelaksanaan                   c. Monitoring and evaluating the implementation of the
         strategi bisnis tahunan melalui pelaporan realisasi                annual business strategy through periodic reporting of
         RKAP secara rutin/berkala;                                         the RKAP implementation;
     d. Memantau pencapaian target bisnis dan                           d. Monitoring the achievement of business targets,
         mengevaluasi permasalahan dan kelemahan yang                       evaluating the problems and weaknesses found, and
         ditemukan serta menetapkan langkah-langkah                         determining the necessary corrective measures.
         perbaikan yang diperlukan.

      2. Risiko Operasional adalah risiko akibat ketidakcukupan      2. Operational Risk is the risk due to inadequate and/or
         dan/atau tidak berfungsinya proses internal, kesalahan         malfunctioning internal processes, human error, system
         manusia, kegagalan sistem, dan/atau adanya kejadian            failure, and/or external events that have the impact on
         eksternal yang memengaruhi operasional Perseroan.              the Company’s operations. In managing Operational Risk,
         Dalam pengelolaan Risiko Operasional, Perseroan                the Company does the following:
         antara lain:                                                   a. Establishing organizational structure and meeting HR
         a. Menetapkan struktur organisasi dan pemenuhan                    needs effectively and efficiently;
             kebutuhan SDM secara efektif dan efisien;                  b. Developing and establishing a Work System in each
         b. Menyusun dan menetapkan Sistem Tata Kerja (STK)                 function/work unit;
             di masing-masing fungsi/unit kerja;




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    c. Menetapkan Code of Conduct sebagai pedoman                                  c. Determining the Code of Conduct as a guideline
       pelaksanaan etika kerja dan etika bisnis bagi                                  for implementing work and business ethics for the
       pekerja Perseroan;                                                             Company’s employees;
    d. Menetapkan kebijakan larangan pemberian/                                    d. Issuing a policy of prohibition of giving and
       penerimaan gratifikasi yang didukung dengan                                    receiving gratuities, with the support of the
       Whistleblowing System;                                                         Whistleblowing System;
    e. Melakukan perawatan infrastruktur sistem Teknologi                          e. Performing routine maintenance of Information
       Informasi secara rutin/berkala.                                                Technology system infrastructure.

3. Risiko Asuransi adalah risiko kegagalan perusahaan                           3. Insurance Risk is the risk of failure of an insurance
   asuransi, perusahaan reasuransi, perusahaan                                     company, reinsurance company, sharia insurance
   asuransi syariah, dan perusahaan reasuransi syariah                             company, and sharia reinsurance company in fulfilling
   untuk memenuhi kewajiban kepada pemegang                                        their obligations to policyholders, the insured, or
   polis, tertanggung, atau peserta sebagai akibat dari                            participants due to the inadequacy of the risk selection
   ketidakcukupan proses seleksi risiko (underwriting),                            process (underwriting), determination of premiums
   penetapan premi atau kontribusi, penggunaan reasuransi,                         or contributions, use of reinsurance, and/or claims
   dan/atau penanganan klaim. Secara berkala Perseroan                             handling. The Company periodically identifies and
   melakukan identifikasi dan pengukuran profil Risiko                             measures the Insurance Risk profile that has been
   Asuransi yang telah ditetapkan. Pengelolaan Risiko                              determined. The Company manages Insurance Risk by
   Asuransi antara lain dilakukan dengan:                                          conducting the following:
   a. Pembentukan treaty otomatis dengan                                           a. Automatic treaty formation with reference to:
       mengacu kepada:                                                                 1) Company’s business strategy;
       1) Strategi bisnis Perseroan;                                                   2) The Financial Services Authority Regulation No.
       2) Peraturan Otoritas Jasa Keuangan No. 14/                                         14/POJK.05/2015 concerning Self Retention and
           POJK.05/2015 tentang Retensi Sendiri dan                                        Domestic Reinsurance Support;
           Dukungan Reasuransi Dalam Negeri;                                           3) Financial Services Authority Circular No. 31/
       3) Surat Edaran Otoritas Jasa Keuangan No. 31/                                      SEOJK.05/2015 concerning Self Retention Limit,
           SEOJK.05/2015 tentang Batas Retensi Sendiri,                                    Reinsurance Support Amount, and Reinsurance/
           Besar Dukungan Reasuransi, dan Laporan                                          Retrocession Program Report.
           Program Reasuransi/Retrosesi.                                           b. Formulation and determination of underwriting
   b. Penyusunan dan penetapan kebijakan underwriting,                                 policy, underwriting authority, and claim authority in
       kewenangan underwriting, dan kewenangan klaim                                   accordance with the Company’s internal policies and
       dengan mengacu kepada kebijakan internal Perseroan                              the provisions of related laws and regulations;
       dan ketentuan peraturan dan perundangan terkait;                            c. Formulation and determination of claims handling
   c. Penyusunan dan penetapan proses penanganan klaim                                 process in accordance with Service Level Agreement
       berdasarkan Service Level Agreement (SLA).                                      (SLA).

4. Risiko Kredit adalah risiko akibat kegagalan pihak                           4. Credit Risk is the risk occurring due to the failure of
   lain dalam memenuhi kewajiban kepada Perseroan.                                 other parties in fulfilling their obligations to the Company.
   Pengelolaan Risiko Kredit oleh Perseroan antara lain                            The Company manages its Credit Risk by conducting
   dilakukan dengan:                                                               the following:
   a. Implementasi strategi dukungan reasuransi;                                   a. Implementation of reinsurance support strategy;
   b. Penentuan peringkat perusahaan reasuransi;                                   b. Rating of reinsurance companies;
   c. Penyusunan kebijakan investasi;                                              c. Investment policy formulation;
   d. Pemantauan alokasi aset investasi dan pemenuhan                              d. Monitoring of investment asset allocation and
       terhadap batasan investasi yang diperkenankan;                                  compliance with permitted investment limits;
   e. Identifikasi risiko dan mitigasi terhadap risiko                             e. Identification and mitigation of credit risk,
       kredit, khususnya terkait kolektabilitas premi, dan                             especially related to premium collectability and
       risiko counterparty.                                                            counterparty risk.




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          Performance Review           Management Report              Company Profile             Management Discussion and Analysis




  5. Risiko Pasar adalah risiko pada posisi aset, liabilitas,            5. Market Risk is the risk in the position of assets,
     ekuitas, dan/atau rekening administratif termasuk                      liabilities, equity, and/or off-balance sheet including
     transaksi derivatif akibat perubahan secara keseluruhan                derivative transactions due to changes in overall market
     dari kondisi pasar. Pengelolaan Risiko Pasar oleh                      conditions. The Company carries out its Market Risk
     Perseroan antara lain dilakukan dengan:                                Management, among others, by:
     a. Implementasi Asset Liability Management (ALMA);                     a. Implementation of Asset Liability Management
     b. Penetapan limit risiko pasar yang mengacu pada                          (ALMA);
         ketentuan internal dan peraturan perundang-                        b. Determination of market risk limits by referring
         undangan yang berlaku.                                                 to internal provisions as well as applicable laws
                                                                                and regulations.

      6. Risiko Likuiditas adalah risiko akibat ketidakmampuan           6. Liquidity Risk is the risk due to the Company’s inability to
         Perseroan untuk memenuhi liabilitas yang jatuh tempo               meet maturing liabilities from cash flow funding sources
         dari sumber pendanaan arus kas dan/atau dari aset                  and/or from liquid assets that can be easily converted
         likuid yang dapat dengan mudah dikonversi menjadi                  into cash, without disturbing the Company’s activities and
         kas, tanpa mengganggu aktivitas dan kondisi keuangan               financial condition. The Company manages its Liquidity
         Perseroan. Pengelolaan Risiko Likuiditas oleh Perseroan            Risk by, among others:
         antara lain dilakukan dengan:
         a. Menetapkan limit-limit yang mengacu pada ketentuan                a. Establishing limits that refer to internal provisions
             internal dan peraturan perundang-undangan                           and applicable laws and regulations;
             yang berlaku;                                                    b. Conducting solvability stress testing to determine
         b. Melakukan stress testing solvabilitas untuk                          the impact of changes in market factors and
             mengetahui dampak perubahan faktor pasar maupun                     internal factors in extreme conditions (crises) to
             faktor internal pada kondisi ekstrim (krisis) terhadap              liquidity condition;
             kondisi likuiditas;                                              c. Monitoring external indicators including Rupiah
         c. Memonitor indikator-indikator eksternal di antaranya,                interest rate, USD/IDR exchange rate, Composite
             suku bunga Rupiah, nilai tukar USD/IDR, Indeks                      Stock Price Index (JCI), as well as the latest market
             Harga Saham Gabungan (IHSG), serta informasi pasar                  updates. The monitoring activity aims to increase
             terkini. Monitoring ini bertujuan untuk meningkatkan                awareness of unfavorable economic conditions,
             kewaspadaan terhadap kondisi ekonomi yang kurang                    both on global crisis conditions and various
             stabil, baik karena kondisi krisis global maupun                    domestic issues;
             karena berbagai isu di dalam negeri;                             d. Monitoring the payment claim rate (loss ratio) on a
         d. Melakukan pemantauan tingkat pembayaran klaim                        regular basis;
             (loss ratio) secara berkala;                                     e. Conducting regular monitoring of the
         e. Melakukan pemantauan solvabilitas Perseroan                          Company’s solvency.
             secara berkala.

      7. Risiko Hukum adalah risiko yang timbul akibat                   7. Legal Risk is the risk that arises because of lawsuits
         tuntutan hukum dan/atau kelemahan aspek hukum.                     and/or weaknesses in legal aspects. The Company
         Pengelolaan Risiko Hukum oleh Perseroan antara lain                carries out its Legal Risk Management, among others, by:
         dilakukan dengan:
         a. Melakukan identifikasi pengukuran, pengendalian                   a. Identifying the measurement, control and monitoring
             dan pemantauan terhadap aktivitas Perseroan, salah                  of the Company’s activities, one of which is marketing
             satunya adalah aktivitas pemasaran khususnya kerja                  activities especially partnership with third parties;
             sama dengan pihak ketiga;                                        b. Reviewing policy of new products to be registered with
         b. Melakukan review terhadap policy wording produk                      the regulator;
             baru yang akan didaftarkan kepada regulator;                     c. Implementing legal forum to discuss matters related
         c. Melaksanakan legal forum untuk membahas hal-                         to legal risks and conduct sharing sessions on
             hal terkait dengan risiko hukum dan melaksanakan                    related important issues.
             sharing session terhadap isu-isu penting
             yang dihadapi.




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8. Risiko Kepatuhan adalah risiko akibat Perseroan tidak                        8. Compliance Risk is the risk that occurs because
   mematuhi dan/atau tidak melaksanakan peraturan                                  the Company does not comply with and/or does not
   perundang-undangan dan ketentuan yang berlaku bagi                              implement the laws and regulations that apply to the
   Perseroan. Pengelolaan Risiko Kepatuhan oleh Perseroan                          Company. The Company carries out its Compliance Risk
   antara lain dilakukan dengan:                                                   Management, among others, by:
   a. Monitoring terkait pemenuhan kewajiban Perseroan                             a. Monitoring matters related to the fulfillment of the
       atas regulasi baru. Satuan kerja kepatuhan                                      Company’s obligations under the new regulations.
       melaksanakan prudential meeting, me-monitor action                              Compliance work unit conducts prudential meetings,
       plan yang perlu dilakukan, dan me-reminder kewajiban                            monitors action plans, and acts as reminder of
       regulasi kepada unit kerja terkait;                                             regulatory obligations to related work units;
   b. Program Uji Kepatuhan. Program ini merupakan                                 b. Compliance Test Program. This is a program in to
       program dalam rangka meningkatkan awareness risk                                increase awareness of risk owners of compliance
       owner terhadap risiko kepatuhan dan regulasi yang                               risks and applicable regulations (according to their
       berlaku (sesuai tugas dan tanggung jawabnya);                                   duties and responsibilities);
   c. Sebagai upaya meningkatkan pemahaman terkait                                 c. As an effort to increase an understanding related
       pengelolaan risiko kepatuhan, Perseroan bekerjasama                             to compliance risk management, the Company
       dengan pihak ketiga untuk menyelenggarakan                                      collaborates with third parties to organize training
       training antara lain mengenai anti pencucian uang                               sessions, such as regarding anti-money laundering
       dan gratifikasi.                                                                and gratuities.

9. Risiko Reputasi adalah risiko akibat menurunnya tingkat                      9. Reputational Risk is the risk that occurs due to a
   kepercayaan pemangku kepentingan yang bersumber dari                            decrease in the level of stakeholder trust that arises
   persepsi negatif terhadap Perseroan. Pengelolaan Risiko                         from negative perceptions of the Company. The Company
   Reputasi oleh Perseroan antara lain dilakukan dengan:                           carries out its Reputational Risk Management, among
   a. Meningkatkan brand image & pengakuan melalui re-                             others, by:
       branding dan campaign;                                                      a. Re-branding and campaigns to improve brand image &
   b. Tersedianya saluran resmi untuk menerima keluhan                                 recognition;
       dan pertanyaan dari nasabah yaitu melalui Tugu                              b. Official channel available to receive complaints and
       Insurance Assistant (Call TIA) 1500458;                                         questions from customers, namely Tugu Insurance
   c. Monitoring dan evaluasi atas berbagai pemberitaan                                Assistant (Call TIA) 1500458;
       baik di media cetak, online, elektronik maupun media                        c. Monitoring and evaluating various reports in print,
       sosial secara periodik untuk mengukur efektivitas                               online, electronic, and social media periodically
       aktivitas publikasi dan komunikasi Perseroan.                                   to measure the effectiveness of the Company’s
                                                                                       publications and communications activities.

Penilaian Tingkat Kesehatan Perseroan
Company Soundness Level Assessment

Berdasarkan Surat Edaran Otoritas Jasa Keuangan (SEOJK)                         Based on the Financial Services Authority Circular Letter
No. 01/SEOJK.05/2021 mencerminkan kondisi Perusahaan                            (SEOJK) No. 01/SEOJK.05/2021 this reflects the condition
yang secara umum sehat, sehingga dinilai mampu                                  of the Company is generally sound, so it is considered
menghadapi pengaruh negatif yang signifikan dari perubahan                      capable of facing significant negative influences from
kondisi bisnis dan faktor eksternal lain.                                       changes in business conditions and other external factors.

Hal ini tercermin dari peringkat faktor penilaian Tingkat                       This is reflected in the rating of the Soundness Rating Factor
Kesehatan Lembaga Jasa Keuangan Non-Bank sebagaimana                            of Non-Bank Financial Services Institutions as referred to
dimaksud dalam SEOJK No. 1/SEOJK.05/2021 yang                                   SEOJK No. 1/SEOJK.05/2021 requires 4 (four) assessment
mencakup 4 (empat) faktor penilaian yaitu:                                      factors, namely:
• Tata Kelola Perusahaan yang Baik;                                             • Good Corporate Governance;
• Profil Risiko;                                                                • Risk Profile;
• Rentabilitas;                                                                 • Profitability;
• Permodalan.                                                                   • Capital.




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           Performance Review               Management Report        Company Profile            Management Discussion and Analysis




  Di tahun 2023, Perseroan mengukur Peringkat Komposit                  In 2023, the Company measured the Composite Rating of
  Tingkat Kesehatan Perusahaan Asuransi secara mandiri                  the Soundness Level of Insurance Companies independently
  (self-assessment) dengan hasil kesehatan Perseroan berada             (self-assessment) which showed that the Company's
  di Peringkat Komposit 2 (dua). Hal tersebut mencerminkan              soundness was at Composite Rank 2 (two). This reflects that
  bahwa kondisi Perusahaan yang secara umum sehat,                      the Company's condition is generally sound, and therefore
  sehingga dinilai mampu menghadapi pengaruh negatif yang               is considered capable of facing significant negative impact
  signifikan dari perubahan kondisi bisnis dan faktor eksternal         from changing business conditions and other external
  lain tercermin dari peringkat faktor-faktor penilaian antara          factors as reflected in the rating of assessment factors
  lain Penerapan Tata Kelola Perusahaan yang Baik bagi                  including the Implementation of Good Corporate Governance
  Perusahaan, Profil Risiko, Rentabilitas dan Permodalan yang           for Companies, Risk Profile, Profitability and generally
  secara umum baik.                                                     good Capital.


                                Faktor Penilaian                              Peringkat                      Definisi Peringkat
      No.
                                Assessment Factor                               Rank                         Ranking Definition
      1.      Tata kelola perusahaan yang baik bagi Perusahaan
                                                                                   2                                  2
              Good Corporate Governance for the Company
      2.      Profil Risiko
                                                                                   2                                  2
              Risk Profile
      3.      Rentabilitas
                                                                                   2                                  2
              Profitability
      4.      Permodalan
                                                                                   1                                  1
              Capital
      Peringkat Komposit Tingkat Kesehatan
                                                                                   2                                  2
      Composite Rating of Soundness Level



  Penilaian Tingkat Kesehatan Perseroan Konsolidasi
  Consolidated Assessment of the Soundness Level of the Company

  Tugu Insurance merupakan entitas induk dari konsolidasi               Tugu Insurance is the parent entity of the TUGU Group
  keuangan TUGU Group dan penerapan Manajemen Risiko                    financial consolidation and implementation of integrated
  terintegrasi. Oleh karenanya, Perseroan diwajibkan untuk              Risk Management. Therefore, the Company is required to
  menyusun dan melaporkan Tingkat Kesehatan secara                      compile and report a Consolidated Soundness Level in
  Konsolidasi sesuai dengan SEOJK No 1/SEOJK.05/2021                    accordance with SEOJK No 1/SEOJK.05/2021 concerning
  tentang Peniliaian Tingkat Perusahaan Asuransi, Perusahaan            the Level Assessment of Insurance Companies, Sharia
  Asuransi Syariah, Perusahaan Reasuransi Syariah. Penilaian            Insurance Companies, Sharia Reinsurance Companies.
  dilakukan menggunakan metode penilaian sendiri dengan                 The assessment is conducted using a self-assessment
  menggunakan model Risk Based Nonbank Rating (RBNBR)                   method using the Risk Based Non-Bank Rating (RBNBR)
  dengan melakukan penilaian tingkat kesehatan yang wajib               model by assessing the soundness level that must be
  dikelola dalam Manajemen Risiko konsolidasi. Hasil self-              managed in consolidated Risk Management. The results of
  assessment tingkat Kesehatan konsolidasi keuangan                     Tugu Insurance's financial consolidation soundness level
  Tugu Insurance merupakan gabungan dari self-assessment                self-assessment are a combination of self-assessment
  anggota konsolidasi keuangan dari Perseroan, anak                     of financial consolidation members of the Company,
  Perusahaan dan cucu Perusahaan.                                       subsidiaries and sub-subsidiaries of the Company.

  Peringkat Komposit Tingkat Kesehatan Perseroan periode                The Composite Rating of the Company's Soundness Level for
  31 Desember 2023 secara penilaian konsolidasi dengan                  the period 31 December 2023 in a consolidated assessment
  Anak Perusahaan/Cucu Perusahaan dan Afiliasi berada                   with Subsidiaries/Sub-Subsidiaries and Affiliates is at Rank
  pada Peringkat 2 (dua). Berdasarkan SEOJK No. 1/                      2 (two). Based on SEOJK No. 1/SEOJK.05/2021, this
  SEOJK.05/2021 hal ini mencerminkan kondisi Perusahaan                 reflects The Company's condition is generally sound, so that
  yang secara umum sehat, sehingga dinilai mampu                        it is considered capable of facing significant negative impact
  menghadapi pengaruh negatif yang signifikan dari perubahan            from changes in business conditions and other external
  kondisi bisnis dan faktor eksternal lain tercermin dari               factors, reflected in the ranking of assessment factors,




384        LAPORAN TAHUNAN 2023                                                                     PT Asuransi Tugu Pratama Indonesia Tbk
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5     Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan               7       Laporan Keuangan
      Corporate Governance                    Corporate Social Responsibility                        Audited Report




peringkat faktor-faktor penilaian antara lain Penerapan Tata                     including the Implementation of Good Corporate Governance
Kelola Perusahaan yang Baik bagi Perusahaan, Profil Risiko,                      for the Company, Risk Profile, Profitability and generally very
Rentabilitas dan Permodalan yang secara umum sangat baik.                        good capital.


                               Faktor Penilaian                                      Peringkat                           Definisi Peringkat
 No.
                               Assessment Factor                                       Rank                              Ranking Definition
 1.     Tata kelola perusahaan yang baik bagi Perusahaan
                                                                                         2                                       2
        Good Corporate Governance for the Company
 2.     Profil Risiko
                                                                                         2                                       2
        Risk Profile
 3.     Rentabilitas
                                                                                         2                                       2
        Profitability
 4.     Permodalan
                                                                                         2                                       1
        Capital
 Peringkat Komposit Tingkat Kesehatan
                                                                                         2                                       2
 Composite Rating of Soundness Level



Penilaian Peringkat Profil Risiko Perseroan Individual
Individual Company Risk Profile Rating Assessment

Peringkat Komposit Profil Risiko Perseroan secara individual                     The Composite Rating of the Company's individual Risk
periode 31 Desember 2023 yang dinilai adalah Peringkat                           Profile for the period 31 December 2023 assessed is
2 (dua). Peringkat Risiko Inheren periode 31 Desember                            Rank 2 (two). The Inherent Risk Rating for the period 31
2023 tergolong Peringkat 2 (Sedang Rendah), sementara                            December 2023 is classified as Rank 2 (Low to Moderate),
Kualitas Penerapan Manajemen Risiko (KPMR) periode 31                            while the Quality of Risk Management Implementation
Desember 2023 tergolong Peringkat 2 (Agak Kuat), yang                            (KPMR) for the period 31 December 2023 is classified as
berarti kemungkinan kerugian yang dihadapi selama periode                        Rank 2 (Satisfactory), which means the possibility of losses
waktu tertentu di masa datang untuk Tingkat Risiko Inheren                       faced during a certain period of time in the future for the
tergolong Rendah, serta Kualitas Penerapan Manajemen                             Inherent Risk Level is classified as Low, and the Quality of
Risiko (KPMR) memadai meskipun terdapat beberapa                                 Risk Management Implementation (KPMR) is adequate even
kelemahan minor yang dapat diselesaikan pada aktivitas                           though there are several minor weaknesses that can be
bisnis normal.                                                                   resolved during normal business activities.


                                                                                 Tingkat Kualitas Penerapan
            Jenis Risiko                      Tingkat Risiko Inheren                  Manajemen Risiko                  Peringkat Tingkat Risiko
             Type of Risk                       Level of Inherent Risk             Level of Risk Management                    Risk Rank
                                                                                    Implementation Quality
 Risiko Strategis
                                                         2                                       2                                   2
 Strategic Risk
 Risiko Operasional
                                                         2                                       2                                   2
 Operational Risk
 Risiko Asuransi
                                                         2                                       2                                   2
 Insurance Risk
 Risiko Kredit
                                                         2                                       2                                   2
 Credit Risk
 Risiko Pasar
                                                         2                                       2                                   2
 Market Risk
 Risiko Likuiditas
                                                         1                                       2                                   1
 Liquidity Risk
 Risiko Hukum
                                                         2                                       2                                   2
 Legal Risk




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                       ANNUAL REPORT 2023    385
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          Performance Review         Management Report                 Company Profile             Management Discussion and Analysis




                                                                           Tingkat Kualitas Penerapan
                Jenis Risiko            Tingkat Risiko Inheren                  Manajemen Risiko              Peringkat Tingkat Risiko
                 Type of Risk             Level of Inherent Risk             Level of Risk Management                Risk Rank
                                                                              Implementation Quality
      Risiko Kepatuhan
                                                   1                                       2                               1
      Compliance Risk
      Risiko Reputasi
                                                   2                                       2                               2
      Reputation Risk
      Peringkat Komposit
                                                   2                                       2                               2
      Composite Rating




  Pernyataan atas Kecukupan Sistem Manajemen Risiko
  Statement on Risk Management System Adequacy

  Berdasarkan hasil evaluasi yang dilakukan, Komite Audit                 Based on the results of the evaluation, the Audit Committee
  menyimpulkan bahwa penerapan Sistem Manajemen                           concluded that the implementation of the Risk Management
  Risiko di Perseroan sudah cukup memadai untuk menjaga                   System in the Company is sufficient to prevent the Company
  Perseroan dari potensi kerugian yang ditimbulkan oleh                   from potential losses incurred by the Company's business
  kegiatan usaha Perseroan serta untuk membantu Perseroan                 activities and to assist the Company in achieving the
  dalam mencapai sasaran yang ditetapkan.                                 targets set.




386       LAPORAN TAHUNAN 2023                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7    Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                    Audited Report




    5.I.
Tata Kelola Teknologi Informasi
Information Technology Governance


Teknologi Informasi (TI) merupakan salah satu aspek penting                     Information Technology (IT) is an important aspect in
dalam mendukung inovasi digital Tugu Insurance. Penerapan                       supporting Tugu Insurance's digital innovation. The
TI menjadi bentuk wujud nyata Perseroan dalam upaya                             application of IT is a concrete form of the Company's efforts
adaptasi terhadap perkembangan bisnis serta menghadirkan                        to adapt to business developments as well as deliver quality
layanan berkualitas dan menyediakan kemudahan akses                             services and provide easy online access quickly, anytime
daring secara cepat, kapan saja, dan dimana saja.                               and anywhere.

Perkembangan dunia TI yang semakin pesat mendorong                              The rapid development of the IT world encourages the
Perseroan untuk terus berupaya mengembangkan penerapan                          Company to continuously developing the implementation of
TI, sehingga diharapkan Perseroan dapat memperkuat                              IT, which is expected to strengthen the Company's position
posisi dalam menghadapi persaingan usaha yang semakin                           in dealing with increasingly competitive business competition
kompetitif dengan mengintegrasikan seluruh bisnis yang ada                      by integrating all existing businesses, especially in the
khususnya dalam bidang usaha perasuransian.                                     insurance business.


Visi dan Misi Tata Kelola Teknologi Informasi
Vision and Mission of Information Technology Governance



       Mewujudkan peran IT sebagai enabler dalam menunjang pencapaian visi Perusahaan.
                        Realizing IT’s role as enabler in supporting the Company’s vision.



Struktur Pengelola Teknologi Informasi
Information Technology Management Structure

Teknologi Informasi di Tugu Insurance dikelola oleh Direktur                    Information Technology at Tugu Insurance is managed by the
Keuangan dan Layanan Korporat Bapak Emil Hakim dengan                           Finance & Corporate Services Director Mr. Emil Hakim with
struktur organisasi sebagai berikut:                                            the following organizational structure:




                                                       Finance & Corporate Service
                                                                Director


                                                         Information Technology &
                                                           Facilities Group Head



       Application                                                                             Infrastructure &      Master Data
                                   Shared Service                     ERP
    Development Dept.                                                                              Facilities      Management Dept.
                                     Dept. Head                    Dept. Head
          Head                                                                                    Dept. Head            Head




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023        387
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      1   Kilas Kinerja                  2   Laporan Manajemen              3   Profil Perusahaan              4   Analisis dan Pembahasan Manajemen
          Performance Review                 Management Report                  Company Profile                    Management Discussion and Analysis




  ITF Group dipimpin oleh Pjs Arga Fajar Syah selaku ITF Group                     The ITF Group is led by Arga Fajar Syah who serves as
  Head dan bertanggung jawab langsung kepada Direktur                              (acting) ITF Group Head and reports directly to the Director of
  Keuangan dan Layanan Korporat.                                                   Corporate Finance and Service.


  Dukungan Tugu Insurance Solutions (TIS) dalam Aktivitas Bisnis
  Tugu Information Solution (TIS) Support in Tugu Insurance’s Business Activities

  Tugu Insurance telah memiliki Tugu Insurance Solution (TIS),                     Tugu Insurance already utilizes Tugu Insurance Solution
  yakni Sistem Manajemen Informasi Enterprise Resource                             (TIS), an Enterprise Resource Planning (ERP) Information
  Planning (ERP) yang mengintegrasikan seluruh proses bisnis                       Management System that integrates all Corporate Business
  dalam Perseroan baik Bisnis Korporasi maupun Bisnis Ritel.                       and Retail Business processes in the Company.




                            Core System                                                     Middleware Technology
                          tfriends


                                                                                                                                              Document
                                                                                         E-Material, E-Sign,
                                                                                                                     H2H Payment             Management
                                                                                            & E-Stamp
             tdrive        Trapps         Actuarial Engine                                                                                     System



                                                                                                                   Payment Gateway           API Gateway
            Bengkel                     Financial Products
                           WRIIS
              Net                       Subledger (FPSL)



             Tugu Insurance Core        ERP Finance System
                System (TICS)                  (SAP)

                                                                                                     Support System
           • Mkt & UW Module          • Sales & Distribution
             a. Policy Auto Module      Module
             b. Reins Coins Placing   • Material Management
                Module                  Module                     Tugu
             c. Risk Matrix Module    • Project System Module     Sharia                                 KnoTS         Workflow       ITSM          DOTS
             d. Exposure Analysis     • Funds Management         ERP Core                  Tugu
                - Reinsurance           Module                    System                 Strategic
                  Module              • Contract Lease Mgt
                - Claim Module          Module                                          • Quality
                                                                                          Mgt                            Tugu
                                      • Cash & Liquidity Mgt                                            T-ERMS                       TOFAP           TTS
                                                                                                                        Portal
                                        Module                                            Module
                                      • Treasury & Risk Mgt                             • Project
                                        Module                                            Mgt
                                                                                                                                                    Data
                                      • Finance & Controlling                             Module
                                                                                                        CGMIS           HRMS         TUFLEET       Science
                                        Module                                                                                                      Tools




                                                                 Data Warehouse


                                         Management Information System (MIS)


388       LAPORAN TAHUNAN 2023                                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
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5    Tata Kelola Perusahaan                 6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
     Corporate Governance                       Corporate Social Responsibility                    Audited Report




Mitigasi Disrupsi Teknologi Informasi
Information Technology Disruption Mitigation


                                           Inisiatif Strategi | Strategic Initiatives

                              Optimalisasi KPTI (Komite Pengarah Teknologi Informasi)
    [S1-01] [01-T1]
                              Optimization of KPTI (Information Technology Steering Committee)                                                   1
                              Menguatkan Tim IT System Analyst dalam komunikasi kebutuhan pengguna
                              (GH & DH) khususnya terkait digitalisasi; Pemberdayaan counterpart (super user)
    [S1-02] [S2-T2]           Strengthening the IT System Analyst Team in communicating user needs (GH
                              & DH), especially related to digitization; Empowerment of counterparts (super
                                                                                                                                                 2
                              users)

                              Meningkatkan kualitas personil IT dengan pelatihan/sertifikasi kompetensi baik
                              hardskill spesifik IT maupun softskill dan mindset
         [W3-W4]
                              Improving the quality of IT personnel with competency training/certification both                                  1
                              IT specific hard skills, soft skills, and mindset

                              Menjaga kualitas layanan IT dengan menerapkan service level management;
                              Melakukan survei kepuasan pengguna
         [S2-T1]
                              Maintaining the quality of IT services by implementing service level                    1           2              3
                              management; Conducting user satisfaction surveys

                              Melanjutkan roadmap digitalisasi proses bisnis dan mendorong kapabilitas
                              cost-benefit analysis (CBA) pada salah satu fungsi di level Perusahaan
         [S2-02]
                              Continuing the business digitalization process roadmap and encourage cost-              1           2              3
                              benefit analysis (CBA) capability in one of the functions at the Company level

                              Menyusun, memformalkan, dan melaksanakan dokumentasi tata kelola IT
                              (pedoman, SOP/TKO, standar/TKK) baik aplikasi, data, maupun infrastruktur IT
         [W2-T2]              Developing, formalizing, and implementing IT governance documentation
                              (guidelines, SOP/TKO, standards/TKK) for applications, data, and IT
                                                                                                                                                 1
                              infrastructure

                              Menugaskan peran tata kelola IT secara definitif untuk memastikan kesesuaian
    [S3-T2] [S3-W2]           IT roadmap, pelaksanaan SITAP, dan kepatuhan pada aturan/regulasi terkait IT
        [01-W4]               Assigning a definitive IT governance role to ensure compliance with IT roadmap,                                    1
                              SITAP implementation, and compliance with IT-related rules/regulations

                              Melaksanakan pengamanan IT (hardening, VAPT, WAF, SMKI), termasuk
    [W1-T3] [W3-T3]           optimalisasi Security Operation Center dengan knowledge transfer ke internal
        [03-T5]               Implementing IT security (hardening, VAPT, WAF, SMKI), including optimization of        1           2              3
                              Security Operation Center with internal knowledge transfer

                              Mengelola risiko penggunaan IT sesuai aturan/regulasi, termasuk risiko
                              ketergantungan dengan pihak eksternal
         [S3-T5]
                              Managing the risk of using IT in accordance with rules/regulations,                     1           2              3
                              including the risk of dependence on external parties




     1        Tata kelola Governance                         2        Aplikasi Application                        3       Infra Infrastructure




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          Performance Review         Management Report              Company Profile            Management Discussion and Analysis




  Cyber Security (Keamanan Dunia Maya)
  Cyber Security

  Cyber Security, atau keamanan dunia maya, mengacu pada               Cyber Security, refers to practices and technologies designed
  praktik dan teknologi yang dirancang untuk melindungi                to protect computer systems, devices, networks, and data
  sistem komputer, perangkat, jaringan, dan data dari                  from cyber attack, damage, or unauthorized access. The aim
  serangan, kerusakan, atau akses yang tidak sah. Tujuannya            is to prevent, detect and respond to cyber threats that could
  adalah untuk mencegah, mendeteksi, dan merespons                     compromise the integrity, confidentiality and availability of
  ancaman cyber yang dapat mengganggu integritas,                      critical information.
  kerahasiaan, dan ketersediaan informasi penting.

  Praktik keamanan dunia maya tidak hanya dilakukan oleh               Cyber security practices are not limited to be implemented
  individu, tetapi juga oleh perusahaan dan instansi lainnya.          by individuals only, but also by companies and other
  Tindakan ini bertujuan untuk melindungi pusat data dan               agencies. This action aims to protect data centers and
  infrastruktur komputer lainnya dari akses yang tidak                 other computer infrastructure from unauthorized access.
  sah. Strategi keamanan dunia maya yang efektif dapat                 An effective cyber security strategy can provide a solid layer
  memberikan lapisan perlindungan yang kuat terhadap                   of protection against attacks that attempt to get access,
  serangan yang berusaha untuk mengakses, mengubah,                    modify, remove or extort system and sensitive data from the
  menghapus, atau memeras sistem dan data sensitif dari                users. Cyber Security is also crucial in preventing attacks
  pengguna. Keamanan dunia maya juga memiliki peran                    that try to interfere with or even stop devices and systems
  penting dalam mencegah serangan yang bertujuan untuk                 from operating.
  mengganggu atau bahkan menghentikan operasi sistem
  dan perangkat.

  Ada berbagai jenis keamanan dunia maya yang berfokus                 There are various types of cyber security that focus on
  pada perlindungan aspek-aspek spesifik dari sistem dan               protecting specific aspects of systems and data, including:
  data, diantaranya:
  1. Keamanan Jaringan: Melindungi infrastruktur jaringan dari         1. Network Security: Protecting network infrastructure
     serangan dan ancaman. Ini mencakup konfigurasi firewall,             from cyber attacks and threats. This includes firewall
     deteksi intrusi, enkripsi data, dan manajemen akses.                 configuration, intrusion detection, data encryption, and
  2. Keamanan Perangkat Lunak: Fokus pada perlindungan                    access management.
     aplikasi dan sistem operasi dari serangan perangkat               2. Software Security: Focus on protecting applications
     lunak berbahaya seperti virus, worm, trojan, dan                     and operating systems from malicious software attacks
     ransomware. Ini melibatkan pembaruan perangkat                       such as viruses, worms, trojans and ransomware. This
     lunak yang teratur, pemindaian malware, dan penerapan                involves regular software updates, malware scanning, and
     kebijakan keamanan.                                                  implementing security policies.
  3. Keamanan Perangkat Keras: Mengamankan perangkat                   3. Hardware Security: Securing computer hardware such as
     keras komputer seperti server, router, dan perangkat                 servers, routers, and storage devices from unauthorized
     penyimpanan dari akses yang tidak sah dan kerusakan                  access and physical damage. This involves the use
     fisik. Ini melibatkan penggunaan teknologi seperti                   of technologies such as disk encryption and physical
     enkripsi disk dan kontrol akses fisik.                               access controls.
  4. Keamanan Data: Melindungi data sensitif dari akses                4. Data Security: Protects sensitive data from unauthorized
     yang tidak sah, pencurian, atau penghapusan tidak sah.               access, theft or unauthorized data deletion. This involves
     Ini melibatkan enkripsi data, manajemen hak akses, dan               data encryption, access management, and data recovery.
     pemulihan data.                                                   5. Identity Security: Focus on protecting user identity from
  5. Keamanan Identitas: Fokus pada perlindungan                          theft and unauthorized use. This includes the use of
     identitas pengguna dari pencurian dan penggunaan                     multi-factor authentication, identity management, and
     tidak sah. Ini mencakup penggunaan otentikasi                        monitoring user activity.
     multi-faktor, manajemen identitas, dan pemantauan                 6. Web Application Security: Protects web applications from
     aktivitas pengguna.                                                  various attacks such as SQL injection, cross-site scripting
  6. Keamanan Aplikasi Web: Melindungi aplikasi web dari                  (XSS), and cross-site request forgery (CSRF). This
     berbagai serangan seperti SQL injection, cross-site                  involves developing secure code, application scanning,
     scripting (XSS), dan cross-site request forgery (CSRF). Ini          and proper server configuration.
     melibatkan pengembangan kode yang aman, pemindaian
     keamanan aplikasi, dan konfigurasi server yang tepat.



390       LAPORAN TAHUNAN 2023                                                                     PT Asuransi Tugu Pratama Indonesia Tbk
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7. Keamanan Cloud: Fokus pada perlindungan data                                 7. Cloud Security: Focus on protecting data and applications
   dan aplikasi yang disimpan di lingkungan cloud. Ini                             stored in the cloud environment. This involves the use
   melibatkan penggunaan enkripsi data, manajemen                                  of data encryption, identity management, and strict
   identitas, dan kontrol akses yang ketat.                                        access controls.
8. Keamanan Mobile: Mengamankan perangkat mobile                                8. Mobile Security: Secures mobile devices and applications
   dan aplikasi dari serangan seperti malware, serangan                            from attacks such as malware, network attacks, and data
   jaringan, dan pencurian data. Ini melibatkan penggunaan                         theft. This involves the use of mobile security software,
   perangkat lunak keamanan mobile, enkripsi data, dan                             data encryption, and access management.
   manajemen hak akses.                                                         9. Endpoint Security: Protects endpoint devices such as
9. Keamanan Endpoint: Melindungi perangkat akhir seperti                           personal computers, laptops and smartphones from
   komputer pribadi, laptop, dan smartphone dari serangan                          attacks and threats. This involves the use of endpoint
   dan ancaman. Ini melibatkan penggunaan perangkat                                security software, advanced threat detection, and
   lunak keamanan endpoint, deteksi ancaman lanjutan, dan                          device management.
   manajemen perangkat.

Adapun beberapa ancaman keamanan dunia maya yang                                There are several common cyber security threats, including:
umum terjadi, diantaranya:
1. Malware: Termasuk virus, worm, trojan, ransomware, dan                       1. Malware: Including viruses, worms, trojans, ransomware,
   spyware yang dapat merusak sistem, mencuri data, atau                           and spyware that can damage systems, steal data, or
   memeras uang dari korban.                                                       extort money from victims.
2. Serangan Phishing: Upaya untuk memperoleh informasi                          2. Phishing Attack: Attempts to obtain sensitive information
   sensitif seperti kata sandi dan informasi keuangan                              such as passwords and financial information by
   dengan menyamar sebagai entitas tepercaya melalui                               impersonating a trusted entity via email, text message, or
   email, pesan teks, atau media sosial.                                           social media.
3. Serangan DDoS: Serangan yang bertujuan untuk                                 3. DDoS Attack: The attack that aims to make online
   membuat layanan online tidak tersedia dengan                                    services unavailable by sending huge amounts of internet
   mengirimkan lalu lintas internet yang sangat besar ke                           traffic to a server or network.
   server atau jaringan.                                                        4. Man-in-the-Middle (MitM) attack: The attacker steals or
4. Serangan Man-in-the-Middle (MitM): Penyerang mencuri                            manipulates communications between two supposedly
   atau memanipulasi komunikasi antara dua pihak yang                              secure parties, such as a user and a server.
   seharusnya aman, seperti pengguna dan server.                                5. Ransomware Attack: Malicious software that encrypts the
5. Serangan Ransomware: Perangkat lunak berbahaya yang                             victim's data and demands a ransom payment to obtain
   mengenkripsi data korban dan meminta pembayaran                                 the decryption key.
   tebusan untuk mendapatkan kunci dekripsi.                                    6. Espionage and Data Theft: Attackers seek confidential
6. Pengintaian dan Pencurian Data: Penyerang mencari                               information, intellectual property, or personal data for
   informasi rahasia, properti intelektual, atau data pribadi                      financial or political gain.
   untuk keuntungan finansial atau politik.                                     7. Insider Threats: Threats from within the organization,
7. Serangan Insider: Ancaman dari dalam organisasi,                                such as dishonest employees or former employees who
   seperti pegawai yang tidak jujur atau mantan pegawai                            have access to the system.
   yang memiliki akses ke sistem.

Keamanan dunia maya adalah aspek penting dalam dunia                            Cyber Security is an important aspect in the digital world
digital yang terus berkembang. Melindungi sistem dan                            that is continously evolving. Protecting systems and data
data dari ancaman cyber membutuhkan kombinasi strategi                          from cyber threats requires a strong combination of technical
teknis, kebijakan, dan kesadaran pengguna yang kuat.                            strategy, policy, and user awareness. By having a good
Dengan pemahaman yang baik tentang ruang lingkup                                understanding of the scope of cyber security and possible
keamanan dunia maya dan ancaman yang mungkin terjadi,                           threats, organizations can develop effective strategies to
organisasi dapat mengembangkan strategi yang efektif untuk                      reduce risks and protect their digital assets.
mengurangi risiko dan melindungi aset digital mereka.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023        391
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      1   Kilas Kinerja          2   Laporan Manajemen      3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  Disaster Recovery (Pemulihan Bencana)
  Disaster Recovery

  Terjadinya bencana yang sering tidak dapat diprediksi              Disaster which are often unpredictable encourages the
  mendorong perusahaan untuk selalu siap dalam menghadapi            Company to always be prepared to face the worst possibility
  kemungkinan terburuk pada masa mendatang. Disaster                 in the future. Disaster Recovery (DR) is a concept that aims
  Recovery (DR) adalah konsep yang bertujuan untuk                   to protect all IT systems, applications and devices from
  melindungi semua sistem, aplikasi, dan perangkat IT dari           various types of disasters that may occur in the future. The
  berbagai jenis bencana yang mungkin terjadi di masa                main goal of disaster recovery is to take preventive steps
  mendatang. Tujuan utama dari disaster recovery adalah              against unexpected events in the future.
  untuk mengambil langkah-langkah pencegahan terhadap
  kemungkinan kejadian yang tidak terduga di masa depan.

  Beberapa bencana atau kondisi yang dapat menyebabkan               The following are some conditions or disasters that may
  perusahaan harus melakukan Disaster Recovery diantaranya:          require a company to implement Disaster Recovery:
  1. Bencana Alam: Termasuk gempa bumi, banjir, badai,               1. Natural Disasters: Earthquakes, floods, storms,
     tornado, kebakaran hutan, dan tanah longsor. Bencana               tornadoes, forest fires, and landslides. Natural disasters
     alam seringkali dapat mengakibatkan kerusakan fisik                can often result in physical damage to a company's IT
     pada infrastruktur IT dan pusat data perusahaan.                   infrastructure and data centers.
  2. Kegagalan Perangkat Keras: Kegagalan perangkat keras            2. Hardware Failure: Failure of hardware such as a primary
     seperti server utama, penyimpanan data, atau perangkat             server, data storage, or network device can disrupt
     jaringan dapat mengganggu operasi bisnis. Ini bisa                 business operations. This can be caused by physical
     disebabkan oleh kegagalan komponen fisik, overheat,                component failure, overheating, or electrical failure.
     atau kegagalan listrik.                                         3. Cyber Attacks: Malware attacks, ransomware,
  3. Serangan Cyber: Serangan malware, ransomware,                      DDoS attacks, or other hacking attacks can cause
     serangan DDoS, atau serangan hacking lainnya dapat                 damage to IT systems, data theft, or other significant
     menyebabkan kerusakan pada sistem IT, pencurian data,              service disruptions.
     atau gangguan layanan yang signifikan.                          4. Software Failure: Failure of an operating system,
  4. Kegagalan Perangkat Lunak: Kegagalan sistem operasi,               database, or critical business application can disrupt a
     database, atau aplikasi bisnis kritis dapat mengganggu             company's normal operations and cause loss of data
     operasi normal perusahaan dan menyebabkan                          or productivity.
     kehilangan data atau produktivitas.                             5. Network Failure: Widespread network disruption or failure
  5. Kegagalan Jaringan: Gangguan atau kegagalan jaringan               can stop communications between systems, users, or
     yang luas dapat menghentikan komunikasi antara sistem,             external services, disrupting the flow of information and
     pengguna, atau layanan eksternal, mengganggu aliran                business processes.
     informasi dan proses bisnis.                                    6. Physical Damage to IT Infrastructure: Physical damage
  6. Kerusakan Fisik pada Infrastruktur IT: Kerusakan fisik             resulting from fire, flood, or other accidents can cause
     akibat kebakaran, banjir, atau kecelakaan lainnya dapat            damage to hardware, data centers, or other IT facilities.
     menyebabkan kerusakan pada perangkat keras, pusat               7. Health Disasters or Pandemics: Events such as
     data, atau fasilitas IT lainnya.                                   infectious disease pandemics or health disasters may
  7. Bencana Kesehatan atau Pandemi: Kejadian seperti                   force companies to change their operating models or
     pandemi penyakit menular atau bencana kesehatan                    given limited human resource availability, requiring rapid
     dapat memaksa perusahaan untuk mengubah model                      and adaptive recovery plans.
     operasi mereka atau menghadapi ketersediaan sumber
     daya manusia yang terbatas, memerlukan rencana
     pemulihan yang cepat dan adaptif.

  Terdapat langkah-langkah dalam Disaster Recovery yang perlu        These are steps in Disaster Recovery that need to be carried
  dilakukan oleh perusahaan, diantaranya:                            out by companies, including:
  1. Perencanaan Disaster Recovery                                   1. Disaster Recovery Planning
      a. Identifikasi Risiko: Perusahaan harus mengidentifikasi          a. Risk Identification: Companies must identify potential
         potensi bencana atau insiden yang dapat                            disasters or incidents that could affect IT operations,
         mempengaruhi operasi IT, seperti bencana alam,                     such as natural disasters, cyber-attacks, hardware
         serangan cyber, kegagalan perangkat keras,                         failures, and others.
         dan lainnya.



392       LAPORAN TAHUNAN 2023                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




    b. Evaluasi Dampak: Memahami dampak potensial dari                             b. Impact Evaluation: Understand the potential impact
       bencana atau insiden terhadap sistem IT, termasuk                              of a disaster or incident on IT systems, including
       waktu pemulihan yang diharapkan dan kerugian                                   expected recovery time and possible financial losses.
       finansial yang mungkin timbul.                                              c. Recovery Objective Setting: Establish required
    c. Penetapan Tujuan Pemulihan: Menetapkan tingkat                                 service levels and Recovery Time Objective (RTO)
       layanan yang diperlukan dan target pemulihan waktu                             and Recovery Point Objective (RPO) targets for critical
       (RTO) serta pemulihan titik (RPO) untuk sistem dan                             systems and data.
       data kritis.                                                                d. Disaster Recovery Plan Development: Create a
    d. Pengembangan Rencana DR: Membuat rencana detail                                detailed plan that includes recovery steps, personnel
       yang mencakup langkah-langkah pemulihan, peran                                 roles and responsibilities, and required tools
       dan tanggung jawab personel, serta alat dan sumber                             and resources.
       daya yang dibutuhkan.

2. Implementasi dan Pengujian                                                   2. Implementation and Testing
   a. Infrastruktur Pemulihan: Membangun infrastruktur DR                          a. Recovery Infrastructure: Build a Disaster Recovery
      yang sesuai dengan kebutuhan perusahaan, seperti                                infrastructure that fits the company's needs, such as
      pusat data cadangan, sistem cadangan, dan solusi                                backup data centers, backup systems, and backup
      backup data.                                                                    data solutions.
   b. Pengujian Rencana: Melakukan pengujian                                       b. Plan Testing: Conduct regular testing of the Disaster
      reguler terhadap rencana DR untuk memastikan                                    Recovery plan to ensure the effectiveness and
      keefektifan dan kesiapan sistem dan personel                                    readiness of systems and personnel to deal with
      dalam menghadapi bencana. Ini termasuk pengujian                                disasters. This includes disaster scenario testing,
      skenario bencana, simulasi pemulihan, dan latihan                               recovery simulations, and emergency response drills.
      respons darurat.
3. Pelaksanaan dan Pemulihan                                                    3. Implementation and Recovery
   a. Aktivasi Rencana DR: Jika terjadi bencana atau                               a. Disaster Recovery Plan Activation: If a disaster or
      insiden, perusahaan harus segera mengaktifkan                                   incident occurs, the company must immediately
      rencana DR sesuai dengan prosedur yang                                          activate the Disaster Recovery plan according
      telah ditetapkan.                                                               to procedures.
   b. Pemulihan Sistem dan Data: Memulihkan sistem IT                              b. System and Data Recovery: Recover IT systems and
      dan data penting sesuai dengan RTO dan RPO yang                                 critical data in accordance with the RTO and RPO set
      telah ditetapkan dalam rencana DR.                                              in the Disaster Recovery plan.
   c. Pemantauan dan Evaluasi: Memantau proses                                     c. Monitoring and Evaluation: Monitor the recovery
      pemulihan, mengevaluasi kinerja sistem, dan                                     process, evaluate system performance, and adjust
      menyesuaikan strategi pemulihan jika diperlukan.                                the recovery strategy if necessary.

Agar Disaster Recovery dapat dijalankan dengan baik dan                         For the Disaster Recovery to be executed properly
tepat, perusahaan perlu melakukan persiapan, diantaranya:                       and precisely, companies need to make preparations,
                                                                                which include:
1. Rencana Pemulihan Bencana yang Komprehensif:                                 1. Comprehensive Disaster Recovery Plan: Companies
   Perusahaan harus memiliki rencana DR yang terperinci                             should have a detailed and well-structured Disaster
   dan terstruktur dengan baik, yang mencakup langkah-                              Recovery plan, which includes recovery measures for
   langkah pemulihan untuk berbagai jenis bencana                                   various types of disasters or incidents.
   atau insiden.                                                                2. Backup Infrastructure: Prepare an adequate backup
2. Infrastruktur Cadangan: Membangun infrastruktur                                  infrastructure, including a data backup center, replication
   cadangan yang memadai, termasuk pusat data                                       system, and reliable backup solutions.
   cadangan, sistem replikasi, dan solusi backup yang                           3. Effective Data Management: Perform regular data
   dapat diandalkan.                                                                backups and store backup copies in a secure location
3. Pengelolaan Data yang Efektif: Melakukan backup data                             separated from the main data center.
   secara teratur dan menyimpan salinan cadangan di                             4. Personnel Training and Awareness: Training personnel
   lokasi yang aman dan terpisah dari pusat data utama.                             on recovery procedures and provide awareness on
4. Pelatihan dan Kesadaran Personel: Melatih personel                               the importance of Disaster Recovery in maintaining
   tentang prosedur pemulihan dan memberikan kesadaran                              business continuity.
   tentang pentingnya Disaster Recovery dalam menjaga
   kelangsungan bisnis.



PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023        393
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          Performance Review         Management Report         Company Profile            Management Discussion and Analysis




  5. Pengujian dan Revisi Teratur: Melakukan pengujian            5. Regular Testing and Revision: Conduct regular testing
     berkala terhadap rencana DR dan melakukan revisi                of the Disaster Recovery plan and make revisions
     jika ada perubahan dalam infrastruktur IT atau                  if there are changes in the IT infrastructure or
     lingkungan bisnis.                                              business environment.

  Dengan mempersiapkan dan melaksanakan rencana                   By preparing and executing disaster recovery plans
  pemulihan bencana dengan baik, perusahaan dapat                 appropriately, companies can minimize the impact of any
  meminimalkan dampak dari insiden yang tidak terduga dan         unforeseen incidents and ensure continuous operational
  memastikan kelangsungan operasional yang berkelanjutan          sustainability in an increasingly complex and risk-prone
  dalam lingkungan IT yang semakin kompleks dan rentan            IT environment.
  terhadap risiko.


  Roadmap Teknologi Informasi
  Information Technology Road Map

  Dalam penyusunan Rencana Jangka Panjang Perusahaan              In the preparation of the Company's Long-Term Plan (RJPP),
  (RJPP), Perseroan berkontribusi secara mendalam dengan          the Company comprehensively contributes by considering
  mempertimbangkan hasil analisis SWOT (Strength, Weakness,       the results of the SWOT (Strength, Weakness, Opportunity
  Opportunity and Threat). Penerapan TI merupakan salah satu      and Threat) analysis. IT implementation is one of the 8
  dari 8 (delapan) pilar Program Kerja yang ditetapkan untuk      (eight) pillars of the Work Program set to strengthen the
  memperkuat fondasi pengembangan bisnis Perseroan dalam          foundation of the Company's business development in order
  rangka menjalankan kebijakan strategis dalam Rencana            to implement the strategic policies in the Company's Long
  Jangka Panjang Perusahaan (RJPP) 2019-2026.                     Term Plan (RJPP) 2019-2026.

  Saat ini, Tugu Insurance sedang melakukan pengembangan          Currently, Tugu Insurance is developing IT as outlined in
  TI yang dituangkan dalam Technology Architecture Planning       Technology Architecture Planning (SITAP) and authorized
  (SITAP) dan disahkan melalui Surat Keputusan Direksi            through Board of Directors’ Decree (SKD) No. 086/SKD/
  (SKD) No. 086/SKD/ELG-ATPI/XII/2018. Berdasarkan SITAP,         ELG-ATPI/XII/2018. Based on SITAP, Tugu Insurance's
  rencana pengembangan Tugu Insurance dalam 5 (lima) tahun        development plan in the last 5 (five) years regarding IT
  terakhir mengenai pengembangan TI, antara lain:                 development, including:
  1. Penyempurnaan Tata Kelola TI dan Sistem TI;                  1. Improvement of IT Governance and IT Systems;
  2. Penyediaan aplikasi baru untuk dukungan proses bisnis        2. Provision of new applications to support business
      dan pengimplementasian big data;                                processes and implement big data;
  3. Penyediaan Advance Predictive Analytic sebagai               3. Provision of Advance Predictive Analytics as an effort to
      upaya dalam memberikan value dari memaksimalkan                 provide value from maximizing the use of IT services;
      pemanfaatan layanan TI;                                     4. Implementation of Internet of Things (IoT) to enrich
  4. Pelaksanaan realisasi Internet of Things (IoT) untuk             external data;
      memperkaya data eksternal;                                  5. Continuous stabilization of IT system.
  5. Penstabilan sistem TI secara berkesinambungan.




394       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                    Corporate Social Responsibility                    Audited Report




Adapun roadmap pengembangan TI sebagaimana tertuang                             The following table elaborates on the IT Development Road
dalam SITAP yang diperbaharui secara berkala adalah                             Map as contained in the regularly-updated SITAP:
sebagai berikut:



                                                             IT Road Map

                              IT as Utility                                                   IT as Partner                     IT as Enabler


       2023                      2024                     2025                      2026                    2027                      2028

 ERP SAP S/4 HANA               SAP FPSL                                   Tugu Apps (B2B & B2C)
 for Finance System           Implementation                 (with AI, Blockchain & Smart Contract) - Front End



 Tugu Insurance Core        Single Sign On           Middleware Management                                          Digital Ecosystem
    System (TICS)        (SSO) Implementation                System                                            (with Blockchain Payment)



      Tugu Sharia         Data Science Tools &
                                                                      Cloud Datacenter & DRC (Tugu Insurance & Subsidiaries)
    ERP Core System              DWH



    Payment Gateway                                                         Tugu Insurance System for Subsidiaries (Core & Front End)




      API Gateway                                                                              IOT Facilities & Building Management



                                                                                                                Cloud Security Services
     H2H Payment
                                                                                                               (DDoS Protection & WAF)




      Application              Operations




Pencapaian Teknologi Informasi Tahun 2023
Information Technology Achievements in 2023

Sepanjang tahun 2023, Perseroan telah melakukan berbagai                        Throughout 2023, the Company has carried out various
kinerja mengenai Teknologi Informasi, antara lain:                              performances regarding Information Technology, including:
• ERP SAP S/4 HANA for Finance System;                                          • ERP SAP S/4 HANA for Finance System;
• Tugu Insurance Core System (TICS)                                             • Tugu Insurance Core System (TICS);
• Tugu Sharia ERP Core System;                                                  • Tugu Sharia ERP Core System;
• Payment Gateway;                                                              • Payment Gateway;
• API Gateway;                                                                  • API Gateway;
• Host-to-host Payment;                                                         • Host-to-host Payment;
• DOTS;                                                                         • DOTS;
• Tugu Ticketing System.                                                        • Tugu Ticketing System.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023    395
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          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




  Rencana Kerja Teknologi Informasi Tahun 2024
  Information Technology 2024 Work Plan

  Seiring dengan kebijakan strategis Perseroan yang tercantum      In line with the Company’s strategic policies stated in the
  dalam RJPP. Tugu Insurance menyusun rencana kerja                RJPP, Tugu Insurance has devised Information Technology
  Teknologi Informasi untuk tahun 2024, antara lain:               Work Plan 2024 as follows:
  1. ERP                                                           1. ERP
     • Fase stabilisasi SAP & TICS.                                     • Stabilizing Phase of SAP & TICS.
     • Penyempurnaan SAP & TICS untuk automisasi.                       • SAP & TICS enhancement for automation.
  2. Shared Service                                                2. Shared Service
     • Dukungan operasional (Single Point of Contact)                   • Operational Support (Single Point of Contact)
         (Integrasi ERP (Tugu & AP), Infra, & SF).                         (Integrating ERP (Tugu & AP), Infra, & SF).
     • Penyempurnaan SOP dengan SLA & servis katalog                    • SOP enhancement with SLA & IT service catalog.
         layanan TI.                                               3. Master Data Management Dept.
  3. Master Data Management Dept.                                       • E-Filing (Document Centralization).
     • E-Filing (Document Centralization).                         4. Infrastructure & Facilities Dept.
  4. Infrastructure & Facilities Dept.                                  • Data center Network improvement (Topology &
     • Pembenahan Data center Network (Topology &                          Regulation).
         Regulation).                                              5. Application Development
  5. Pengembangan Aplikasi                                              • Smoothing TICS.
      • Smoothing TICS.




396       LAPORAN TAHUNAN 2023                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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      Corporate Governance                      Corporate Social Responsibility                    Audited Report




               Perkara Hukum yang Dihadapi Perseroan,
    6.
               Entitas Anak, Anggota Dewan Komisaris
               dan Anggota Direksi yang Menjabat
               Legal Cases Faced By the Company, Subsidiaries,
               Members of the Board of Commissioners and the Board of Directors




Per 31 Desember 2023, Anggota Direksi dan Anggota Dewan                            As of 31 December 2023, Members of the Board of
Komisaris Perseroan tidak terlibat dalam kasus hukum                               Directors and Members of the Board of Commissioners of
apapun dan/atau tidak sedang dalam proses beracara pada                            the Company were not involved in any legal cases and/or
lembaga pengadilan maupun arbitrase yang dapat memiliki                            were not in the process of litigation in courts or arbitrations
dampak signifikan atau memberikan risiko untuk Perseroan.                          that could have a significant impact or pose a risk to
                                                                                   the Company.

Perseroan pada 2023 menghadapi sejumlah perkara hukum                              In 2023, the Company faced a number of legal cases
yang masih dalam proses penyelesaian dengan rincian                                that are still in the process of being resolved with the
sebagai berikut:                                                                   following details:


                                                                                                                        Pengaruh terhadap Kondisi
                 Pokok Perkara                            Deskripsi                      Status Penyelesaian
 No.                                                                                                                          Perusahaan
                     Case                                 Description                      Settlement Status
                                                                                                                             Potential Impact
 1.      Final Appeal No. 11 of 2022            Sengketa atas transaksi             Sudah diputus oleh Final            Meningkatkan laba konsolidasian
         (Civil), on Appeal from CACV No.       pemindahbukuan dan penutupan        Appeal Court Hong Kong dan          Perseroan secara signifikan.
         548 of 2018) antara PT Asuransi        rekening.                           berkekuatan hukum tetap. Dalam
         Tugu Pratama Indonesia Tbk                                                 hal ini perkara dimenangkan oleh    This case has significantly
         melawan Citibank Hongkong.             Disputes over book-entry and        Tugu                                increased the consolidated profit
                                                closing account transactions.                                           of the Company.
         Final Appeals No. 11 of 2022                                               The Judgement was released by
         (Civil), on Appeal from CACV                                               Hong Kong Court of Final Appeal,
         No. 548 of 2018) between PT                                                it has been final and binding and
         Asuransi Tugu Pratama Indonesia                                            Tugu won the legal case.
         Tbk and Citibank Hong Kong.
 2.      Perkara No. 338/Pdt.G/                 Gugatan Hak atas Subrogasi, PT      Pengadilan Tinggi Jakarta.          Tidak berpengaruh terhadap
         2022/PN.Jkt.Tim antara                 Asuransi Tugu Pratama Indonesia                                         laba/rugi konsolidasian
         PT Asuransi Tugu Pratama               Tbk terhadap Tergugat               Jakarta High Court.                 Perseroan.
         Indonesia Tbk melawan PT               (PT Jasa Angkasa Semesta
         Jasa Angkasa Semesta Tbk,              Tbk, PT Transnusa Aviation                                              This case has no impact on the
         PT Transnusa Aviation Mandiri,         Mandiri) dan Turut Tergugat                                             consolidated profit/loss of the
         Perusahaan Umum Lembaga                (Perusahaan Umum Lembaga                                                Company.
         Penyelenggaraan Pelayanan              Penyelenggaraan Pelayanan
         Navigasi Penerbangan Indonesia         Navigasi Penerbangan Indonesia
         dan PT Angkasa Pura II (Persero).      dan PT Angkasa Pura II Persero).

         Case No. 338/Pdt.G/ 2022/              Right to Subrogation Lawsuit, PT
         PN.Jkt.Tim between PT Asuransi         Asuransi Tugu Pratama Indonesia
         Tugu Pratama Indonesia Tbk             Tbk against the Defendant
         and PT Jasa Angkasa Semesta            (PT Jasa Angkasa Semesta
         Tbk, PT Transnusa Aviation             Tbk, PT Transnusa Aviation
         Mandiri, the Indonesian Aviation       Mandiri) and Co-Defendant
         Navigation Service Provider            (Perusahaan Umum Lembaga
         Public Company and PT Angkasa          Penyelenggaraan Pelayanan
         Pura II (Persero).                     Navigasi Penerbangan Indonesia
                                                and PT Angkasa Pura II Persero).




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                          ANNUAL REPORT 2023          397
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      1    Kilas Kinerja                 2   Laporan Manajemen              3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
           Performance Review                Management Report                  Company Profile                 Management Discussion and Analysis




                                                                                                                                Pengaruh terhadap Kondisi
                          Pokok Perkara                          Deskripsi                     Status Penyelesaian
           No.                                                                                                                        Perusahaan
                              Case                               Description                     Settlement Status
                                                                                                                                     Potential Impact
           3.    Perkara No. 510/Pdt.G/2021/          Gugatan Hak atas Subrogasi,         Pengadilan Negeri Jakarta Timur.     Tidak berpengaruh terhadap
                 PN.Jkt.Tim. antara PT Asuransi       PT Asuransi Tugu Pratama                                                 laba/rugi konsolidasian
                 Tugu Pratama Indonesia Tbk           Indonesia Tbk terhadap Tergugat     East Jakarta District Court.         Perseroan.
                 melawan PT Ganesa Dirgantara.        (PT Ganesa Dirgantara).
                                                                                                                               This case has no impact on the
                 Case No. 510/Pdt.G/2021/             Right to Subrogation lawsuit,                                            consolidated profit/loss of the
                 PN.Jkt.Tim. between PT Asuransi      PT Asuransi Tugu Pratama                                                 Company.
                 Tugu Pratama Indonesia Tbk and       Indonesia Tbk against the
                 PT Ganesa Dirgantara.                Defendant.
           4.     Perkara No. 533/PDT/2023/PT         Gugatan ganti rugi dari             Pengadilan Tinggi Jakarta.           Tidak berpengaruh terhadap
                  DKI. Antara                         Penggugat (Ika Iswari).                                                  laba/rugi konsolidasian
                  PT Asuransi Tugu Pratama                                                Jakarta High Court.                  Perseroan.
                  Indonesia Tbk melawan Ika           Claim for compensation from the
                  Iswari.                             Plaintiff (Ika Iswari).                                                  This case has no impact on the
                                                                                                                               consolidated profit/loss of the
                  Case No. 533/PDT/2023/PT                                                                                     Company.
                  DKI. between
                  PT Asuransi Tugu Pratama
                  Indonesia Tbk and Ika Iswari.



          Perkara Hukum yang Dihadapi Entitas Anak
          Legal Cases Againts the Subsidiaries

          Sepanjang tahun 2023, terdapat Entitas Anak menghadapi                      Throughout 2023, the Company's Subsidiary is facing a legal
          perkara hukum yang masih dalam proses penyelesaian.                         case that are still in the process of being resolved.


                                                                                                                                Pengaruh terhadap Kondisi
                          Pokok Perkara                          Deskripsi                     Status Penyelesaian
           No.                                                                                                                        Perusahaan
                              Case                               Description                     Settlement Status
                                                                                                                                     Potential Impact
           1.    No. Perkara: 128/PDT.G/2019/         Gugatan Perbuatan Melawan           Pengadilan Negeri                    Tidak Berpengaruh terhadap
                 PN.JKT.PST antara PT Tugu            Hukum dari Penggugat (PT Tugu       Jakarta Pusat.*                      laba/rugi konsolidasian
                 Reasuransi Indonesia dengan PT       Reasuransi Indonesia) terhadap                                           Perseroan.
                 MNC Sekuritas.                       (PT MNC Sekuritas).                 Central Jakarta District Court.*
                                                                                                                               This case has no impact on the
                 No. Case: 128/PDT.G/2019/            Lawsuit for unlawful acts from                                           consolidated profit/loss of the
                 PN.JKT.PST between PT Tugu           the Plaintiff (PT Tugu Reasuransi                                        Company.
                 Reasuransi Indonesia and PT          Indonesia) against (PT MNC
                 MNC Sekuritas.                       Sekuritas).

          *P
            ermohonan Peninjauan Kembali oleh PT MNC Sekuritas atas Putusan Mahkamah Agung No. 895 K/PDT/2022 tanggal 6 April 2022 terkait Putusan Sela
           Pengadilan Negeri Jakarta Pusat.
          *A
            ppeal for Judicial Review by PT MNC Sekuritas regarding Supreme Court Decision No. 895 K/PDT/2022 dated 6 April 2022 regarding the Interlocutory
           Decision of the Central Jakarta District Court.




398       LAPORAN TAHUNAN 2023                                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
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              Sanksi Administratif Terhadap Perseroan,
    7.
              Anggota Dewan Komisaris dan
              Anggota Direksi yang Menjabat
              Administrative Sanctions Imposed on the Company,
              Members of the Board of Commissioners and Members of the Board of Directors



Hingga akhir tahun 2023, tidak terdapat sanksi administratif                    As of the end of 2023, there were no administrative
yang dikenakan pada Dewan Komisaris dan/atau Direksi                            sanctions imposed on the current Board of Commissioners
yang sedang menjabat oleh Otoritas Jasa Keuangan (OJK)                          and/or Directors by the Financial Services Authority (OJK) or
atau pihak berwenang lainnya.                                                   other authorities.


Akses Data dan Informasi Perusahaan
Access to Company’s Data and Information

Tugu Insurance senantiasa berkomitmen memberikan                                To ease the information access to all stakeholders
kemudahan terhadap akses informasi kepada seluruh                               as an important part of implementing the information
pemangku kepentingan sebagai bagian penting dalam                               transparency principle, the Company provides the widest
penerapan prinsip keterbukaan informasi. Perseroan                              access to information both for customers and other related
membuka seluas-luasnya akses informasi baik kepada                              parties according to their needs. Stakeholders can access
konsumen maupun pihak-pihak lain yang berkepentingan                            information related to the Company, among others, through:
sesuai porsinya. Pemangku kepentingan dapat mengakses
informasi terkait Perseroan antara lain melalui:

1. Situs Web Perseroan                                                          1. Company Website
   Tugu Insurance memiliki situs web dengan alamat                                 Tugu Insurance has a website at www.tugu.com that
   www.tugu.com yang menyampaikan semua informasi                                  provides all information that is updated regularly. This
   yang terus diperbaharui secara berkala. Situs web                               website serves as a platform for information disclosure
   tersebut menjadi sarana keterbukaan informasi yang                              that is accessible freely and openly.
   dapat dijangkau secara bebas dan terbuka.

    Dalam situs web ini, Perseroan menyediakan beragam                             On this website, the Company provides various data that
    data yang dapat memberikan informasi kepada                                    give information to shareholders and stakeholders on
    pemegang saham dan pemangku kepentingan atas                                   the progress and development of the Company as well
    kemajuan dan perkembangan Perseroan serta informasi                            as information on the profile, products, information on
    mengenai profil, produk, informasi pelaksanaan GCG dan                         GCG implementation, corporate social responsibility,
    tanggung jawab sosial Perseroan, dan lain-lain. Untuk                          and others. To increase the audience’s access to the
    memperluas cakupan khalayak terkait informasi yang                             information, the Company’s website is available in 2 (two)
    ingin disampaikan oleh Perseroan, situs web Perseroan                          languages: Bahasa Indonesia and English.
    disajikan dalam 2 (dua) versi bahasa, yaitu Bahasa
    Indonesia dan Bahasa Inggris.

2. Media Cetak dan Elektronik                                                   2. Print and Electronic Media
   Perseroan melakukan komunikasi eksternal dan                                    The Company conduct external communication and
   penyebaran informasinya kepada pihak eksternal dengan                           distributes its information to external parties using print
   menggunakan media cetak dan elektronik. Penyampaian                             and electronic media. The distribution of information with
   informasi dengan media tersebut dapat berupa iklan di                           these media may include advertisements in print media,
   media cetak, baik majalah dan koran, serta publikasi                            both magazines and newspapers, as well as publications
   pada media online.                                                              on online media.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023        399
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          Performance Review         Management Report         Company Profile           Management Discussion and Analysis




  3. Jejaring Sosial Perseroan                                    3. Company Social Media
     Tugu Insurance senantiasa memerhatikan dan                      Tugu Insurance is concerned with the development of
     menganalisis perkembangan komunikasi digital                    digital communications especially through social media
     khususnya melalui media sosial sebagai fasilitas                as media for communication with all stakeholders.
     untuk komunikasi interaksi dengan seluruh pemangku              Therefore, Tugu Insurance has online communication
     kepentingan. Untuk itu, Perseroan membuka kanal                 channels through:
     komunikasi daring melalui:                                      • FB/Fanpage: @tuguinsurance
     • FB/Fanpage: @tuguinsurance                                    • Twitter: @tuguinsurance
     • Twitter: @tuguinsurance                                       • Instagram: @tuguinsurance
     • Instagram: @tuguinsurance                                     • LinkedIn: PT Asuransi Tugu Pratama Indonesia Tbk
     • LinkedIn: PT Asuransi Tugu Pratama Indonesia Tbk              • Youtube: Tugu Insurance
     • Youtube: Tugu Insurance

      4. Siaran Pers                                              4. Press Release
         Melalui Departemen Government, Public Relations &           Through the Government, Public Relations & CSR
         CSR, Tugu Insurance juga secara rutin menerbitkan           Department, Tugu Insurance also regularly issues
         siaran pers dalam menyebarkan informasi-informasi           press releases to disseminate the latest information
         terkini mengenai Perseroan. Sepanjang tahun 2023,           about the Company. Throughout 2023, the Government,
         Government, Public Relations & CSR Departemen telah         Public Relations & CSR Department has issued 55
         menerbitkan sebanyak 55 siaran pers.                        press releases.




400       LAPORAN TAHUNAN 2023                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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              Kode Etik
    8.        Code of Conduct




Pedoman Sistematika Etika Usaha dan Tata Perilaku (Code of Conduct atau CoC)
Systematic Guideline of Business Ethics and Code of Conduct or CoC

Kode etik merupakan pedoman yang berlaku mengikat yang                          A code of conduct is a binding guideline that contains
berisi etika bisnis, etika kerja dan nilai-nilai yang harus                     business ethics, work ethics, and values that must be
diimplementasikan oleh seluruh insan perusahaan. Tugu                           implemented by all company personnel. In Tugu Insurance,
Insurance memiliki Kode Etik sebagai pedoman perilaku yang                      the Code of Conduct serves as a behavioral guideline for
menjadi acuan bagi organ perusahaan dan pegawai dalam                           the company’s organs and employees in implementing the
menerapkan nilai-nilai perusahaan, yang jika diterapkan                         company values. If applied continuously, it will become the
secara berkelanjutan akan menjadi budaya perusahaan.                            company culture.

Kode Etik Tugu Insurance tertuang dalam Pedoman                                 Tugu Insurance’s Code of Conduct is contained in the
Sistematika Etika Usaha dan Tata Perilaku yang disahkan                         Systematic Guideline for Business Ethics and Code of
berdasarkan Surat Keputusan Direksi (SKD) PT Tugu                               Conduct which was ratified based on PT Tugu Pratama
Pratama Indonesia No. 03/SKD/CSG-TPI/I/2009 tanggal                             Indonesia’s Decree of the Board of Directors (SKD) No. 03/
15 Januari 2009, dan telah dimutakhirkan dengan Pedoman                         SKD/CSG-TPI/I/2009 dated 15 January 2009, and has
No. A-003/9100/2017 Revisi Ke-1 Tanggal 5 Desember                              been updated with Guideline No. A-003/9100/2017 of 1st
2017 yang diberlakukan dengan SKD No. 007/SKD/CSG/                              Revision Dated 5 December 2017, which was enforced by
TPI/ II/2018 Tanggal 7 Februari 2018 dan telah dilakukan                        SKD No. 007/SKD/CSG/TPI/II/2018 dated 7 February
revitalisasi melalui Pedoman No. A-003/6500/2021 Revisi                         2018, and has been revitalized through Guideline No.
Ke-2 tanggal 25 Agustus 2021 yang diberlakukan dengan                           A-003/6500/2021 of 2nd Revision dated 25 August 2021,
SKD No. 67/SKD/06/ERL-ATPI/IX/2021 tanggal 28                                   which was enforced by SKD No. 67/SKD/06/ERL-ATPI/
September 2021 tentang Perubahan Pedoman Sistematika                            IX/2021 dated 28 September 2021 regarding Changes in
Etika Usaha dan Tata Perilaku (Code of Conduct atau CoC)                        the Systematic Guideline for Business Ethics and Code of
PT Asuransi Tugu Pratama Indonesia Tbk Pembaharuan                              Conduct (CoC) of PT Asuransi Tugu Pratama Indonesia Tbk
atas pedoman ini sebagai upaya menyelaraskan dengan                             Revision to this guideline was made with a view to align with
perkembangan perusahaan dan ketentuan yang berlaku.                             the Company’s developments and applicable regulations.

Kode etik merupakan salah satu dokumen Soft Structure                           The Code of Conduct is one of Tugu Insurance’s GCG Soft
GCG Tugu Insurance yang menjadi acuan perilaku Insan Tugu.                      Structure documents and becomes a behavioral guideline
CoC wajib diterapkan oleh seluruh Insan Perseroan yang                          for all Tugu Personnel. COC must be implemented by all Tugu
meliputi Dewan Komisaris beserta perangkatnya, Dewan                            Personnel including the Board of Commissioners and its
Pengawas Syariah, Direksi dan Pekerja Tugu Insurance                            organs, the Sharia Supervisory Board, the Board of Directors,
dalam mengelola Perseroan guna mencapai visi, misi dan                          and Tugu Insurance Employees in managing the Company to
tujuan Perseroan.                                                               achieve the Company’s vision, mission, and goals.




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          Performance Review           Management Report             Company Profile             Management Discussion and Analysis




  Dalam pelaksanaan perwujudan komitmen penerapan                       In the commitment to implementing this Code of Conduct,
  Kode Etik ini, Insan Tugu diwajibkan untuk menandatangani             Tugu Personnel are required to sign a statement of
  pernyataan kepatuhan dan integritas terhadap CoC.                     compliance and integrity with the CoC. Tugu Insurance
  Pedoman Sistematika Etika Usaha dan Tata Perilaku Tugu                Business Ethics and Code of Conduct Systematic Guidelines
  Insurance memiliki maksud dan tujuan sebagai berikut:                 have the following purposes and objectives:
  1. Mengidentifikasikan nilai dan standar etika selaras                1. Identifying ethical values and standards in line with the
     dengan visi dan misi Perseroan;                                        Company’s vision and mission;
  2. Menjabarkan core value AKHLAK sebagai landasan etika               2. Outlining the AKHLAK Values as the ethical foundation
     yang wajib diimplementasikan oleh Insan Tugu dalam                     that must be followed by Tugu Personnel in carrying out
     melaksanakan tugas;                                                    their duties;
  3. Menjadi acuan perilaku Insan Tugu dalam melaksanakan               3. Becoming a behavioral guideline for Tugu Personnel in
     tugas dan tanggung jawab masing-masing dan                             carrying out their respective duties and responsibilities
     berinteraksi dengan para pemangku kepentingan;                         and interacting with the stakeholders;
  4. Menjelaskan secara rinci standar etika agar Insan Tugu             4. Explaining in detail the ethical standards so that Tugu
     dapat menilai bentuk kegiatan yang diinginkan dan                      Personnel can assess the preferred form of activity and
     membantu memberikan pertimbangan jika menemui                          help provide consideration if they experience doubts in
     keraguan dalam bertindak.                                              their actions.




  Pokok-Pokok Kode Etik
  Principles of Code of Conduct

  Pokok-pokok Kode Etik Tugu Insurance sebagaimana termuat              The points of Tugu Insurance Code of Conduct as provided in
  dalam Pedoman Sistematika Etika Usaha dan Tata Perilaku               the Systematic Guidelines for Business Ethics and Code of
  (Code of Conduct atau CoC) adalah sebagai berikut:                    Conduct (Code of Conduct or CoC) are as follows:

  Standar Etika Usaha                                                   Business Ethics Standards which include:
  •       Etika Perusahaan dengan Pekerja;                              • Company and Workers Ethics;
  •       Etika Perusahaan dengan Pelanggan;                            • Company and Customers Ethics;
  •       Etika Perusahaan dengan Pesaing;                              • Company and Competitors Ethics;
  •       Etika Perusahaan dengan Anak Perusahaan;                      • Company and Subsidiaries Ethics;
  •       Etika Perusahaan dengan Mitra Kerja;                          • Company and Counterparts Ethics;
  •       Etika Perusahaan dengan Pemerintah/Regulator;                 • Company and Government/Regulator Ethics;
  •       Etika Perusahaan dengan Masyarakat;                           • Company and the Society Ethics;
  •       Etika Perusahaan dengan Pemegang Saham;                       • Company and Shareholders Ethics;
  •       Etika Perusahaan dengan Tertanggung;                          • Company and Insured Ethics;
  •       Etika Perusahaan dengan Perusahaan Reasuransi;                • Company and Reinsurance Ethics;
  •       Etika Perusahaan dengan Agen;                                 • Company and Agent Ethics;
  •       Etika Perusahaan dengan Penyedia Barang/Jasa/                 • Company and Suppliers Ethics;
          Pemasok;                                                      • Company and Mass Media Ethics;
  •       Etika Perusahaan dengan Media Massa;                          • Company and Professional and Industry Organization
  •       Etika Perusahaan dengan Organisasi Profesi dan Industri;        Ethics;
  •       Integritas Laporan Keuangan;                                  • Integrity of Financial Statement;
  •       Persaingan Usaha yang Sehat.                                  • Healthy Business Competition Standards.

  Standar Tata Perilaku                                                 Code of Conduct
  • Etika Kerja Insan Tugu;                                             •    Collaboration among Employees Ethics;
  • Kerahasiaan Data dan Informasi;                                     •    Data and Information Confidentiality;
  • Aset/Harta Perusahaan;                                              •    Corporate Assets/Properties;
  • Perjalanan Dinas;                                                   •    Business Trips;
  • Keamanan, Keselamatan, Kesehatan Kerja (K3)                         •    Occupational, Health and Safety (OHS);
    dan Lingkungan;                                                     •    Data and Reporting;
  • Data dan Pelaporan;                                                 •    Conflict of Interest and Abuse of Power;
  • Benturan Kepentingan dan Penyalahgunaan Jabatan;                    •    Gifts/Souvenirs/Entertainment (Gratification);



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• Hadiah/Cinderamata/Entertainment (Gratifikasi);                               •   Business Dinner;
• Penyelenggaraan Jamuan Bisnis;                                                •   Violations of Company Regulations and Provisions;
• Pelanggaran atas Peraturan Perundangan dan                                    •   Political Activities;
  Ketentuan Perusahaan;                                                         •   Money Laundering;
• Aktivitas Politik;                                                            •   Insider Trading.
• Tindak Pidana Pencucian Uang;
• Informasi Transaksi Orang Dalam (Insider Trading).


Sosialisasi dan Internalisasi
Dissemination and Internalization

Fungsi Compliance bekerja sama dengan fungsi SDM                                The Compliance function, in collaboration with the HR
bertanggung jawab atas pelaksanaan sosialisasi dan                              function, is responsible for implementing the dissemination
internalisasi Pedoman Sistematika Etika Usaha dan Tata                          and internalization of the Systematic Guidelines for
Perilaku (Code of Conduct) kepada Insan Tugu. Kegiatan                          Business Ethics and Code of Conduct to Tugu Personnel.
sosialisasi dilakukan melalui email blast, dalam bentuk flyer                   Dissemination activities are carried out via email blast,
dan komik bertemakan implementasi CoC, portal internal,                         in the form of flyers and comics with the theme of CoC
pengenalan kepada pegawai baru dan penandatanganan                              implementation, internal portal, introduction to new
Pakta Integritas yang dilakukan oleh Dewan Komisaris,                           employees and signing of the Integrity Pact implemented
Dewan Pengawas Syariah, Direksi dan pekerja tetap.                              by the Board of Commissioners, Sharia Supervisory Board,
                                                                                Directors and permanent employees.

Setiap Insan Tugu dapat meminta penjelasan atau                                 Every Tugu Personnel can ask for an explanation or submit
menyampaikan pertanyaan terkait dengan Etika Usaha dan                          questions related to Business Ethics and Code of Conduct
Tata Perilaku kepada atasan langsung, fungsi Compliance,                        to their direct supervisor, Compliance function, or HR
atau fungsi SDM, apabila membutuhkan penjelasan lebih                           function, if they require further explanation concerning
lanjut terkait dengan etika perilaku yang berkaitan dengan                      ethical behavior related to the implementation of their duties
pelaksanaan tugas dan tanggung jawabnya.                                        and responsibilities.


Komitmen untuk Melaksanakan Pedoman Sistematika Etika Usaha
dan Tata Perilaku (Code of Conduct)
Commitment to Implementing Systematic Guideline of Business Ethics and Code of Conduct
Perseroan mendorong setiap Insan Tugu melakukan                                 The Company encourages every Tugu Personnel to declare
deklarasi komitmen untuk melaksanakan Pedoman                                   a commitment to implement the Systematic Guidelines for
Sistematika Etika Usaha dan Tata Perilaku (Code of                              Business Ethics and Code of Conduct. The commitment
Conduct). Pernyataan komitmen Dewan Komisaris dan                               is documented in the form of Integrity Pact signed by the
Direksi didokumentasikan dalam bentuk Pakta Integritas                          Board of Commissioners and the Board of Directors of
yang ditandatangani oleh jajaran Dewan Komisaris dan                            Tugu Insurance. Employees’ commitment statement in
Direksi Tugu Insurance. Pernyataan komitmen Pekerja                             implementing the Code of Conduct guidelines is completed
dalam melaksanakan pedoman CoC dilakukan melalui                                through a system built for Compliance Group requirement,
sistem yang dibangun untuk kebutuhan Compliance Group                           namely Compliance Online System (COS). This activity is
yaitu Compliance Online System (COS) dan dilaksanakan                           carried out annually.
setiap tahun.




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          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  Penegakan Etika Usaha dan Tata Perilaku (Code of Conduct)
  Enforcement of Business Ethics and Code of Conduct

  Setiap Insan Tugu harus melaporkan setiap fakta                    Every Tugu Insurance’s Personnel must report any fact of
  penyimpangan Etika Usaha dan Tata Perilaku (Code                   violations of the Business Ethics and Code of Conduct
  of Conduct) kepada atasannya atau Tim Penanganan                   to their supervisors or the Whistleblowing Team, and the
  Pelaporan Pelanggaran dengan identitas pelapor dilindungi.         reporter’s identity is protected. The Whistleblowing Team
  Tim Penanganan Pelaporan Pelanggaran menindaklanjuti               follows up every report and submits the results of its
  setiap laporan dan menyampaikan hasil kajiannya kepada             studies to the Board of Directors according to their scope of
  Direksi sesuai dengan lingkup tanggung jawabnya. Direksi           responsibilities. The Board of Directors decides to provide
  memutuskan pemberian tindakan pembinaan, sanksi disiplin           coaching actions, disciplinary sanctions and/or corrective
  dan/atau tindakan perbaikan serta pencegahan yang harus            and preventive actions that must be carried out by direct
  dilaksanakan oleh atasan langsung di lingkungan masing-            supervisors in their respective work area. The sanctions
  masing. Bentuk sanksi yang diberikan sesuai dengan                 enforced is in accordance with the applicable rules/
  peraturan/ketentuan yang berlaku.                                  regulations.

  Insan Tugu yang melakukan penyimpangan Etika Usaha                 Tugu Personnel who commit violations of the Business
  dan Tata Perilaku (Code of Conduct) memiliki hak untuk             Ethics and Code of Conduct have the right to present an
  memberikan penjelasan di hadapan atasan langsung                   explanation in front of their direct supervisor before being
  sebelum diberikan tindakan pembinaan atau hukuman                  given any coaching or disclipinary action. The implementation
  disiplin. Pelaksanaan tindakan pembinaan, hukuman                  of coaching, disciplinary action and/or corrective and
  disiplin dan/atau tindakan perbaikan serta pencegahan              preventive actions are conducted by direct supervisor
  dilakukan oleh atasan langsung dan dapat melalui bantuan           through the assistance of the HR function.
  fungsi SDM.


  Sanksi terhadap Pelanggaran
  Sanction for Violation

  Setiap terjadinya pelanggaran terhadap kode etik akan              Every violation will result in sanctions in accordance with
  mendapatkan sanksi sesuai dengan peraturan dan                     applicable rules and regulations both internally within the
  ketentuan yang berlaku baik di internal Perusahaan maupun          Company and prevailing laws and regulations. In 2023, there
  perundang-undangan yang berlaku. Selama tahun 2023,                were no violations of the code of conduct that occurred
  tidak terdapat pelanggaran terhadap kode etik yang terjadi di      within the Company.
  lingkungan perseroan.




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              Pemberian Kompensasi Jangka Panjang Berbasis
    9.
              Kinerja Kepada Direksi dan Karyawan dalam
              Bentuk Management Stock Option Plan (MESOP)
              Provision of Performance-Based Long-Term Compensation to the Board of Directors
              and Employees in Form of Management Stock Option Plan (MESOP)




Tugu Insurance memiliki kebijakan pemberian kompensasi                           Tugu Insurance has a long-term performance-based
jangka panjang berbasis kinerja kepada Direksi dan                               compensation policy for Directors and Employees in the
Karyawan dalam bentuk Program Kepemilikan Saham oleh                             form of a Share Ownership Program by Employees and/or
Karyawan dan/atau Manajemen. Program Kepemilikan                                 Management. This program was approved by the General
Saham telah disetujui Rapat Umum Pemegang Saham                                  Meeting of Shareholders in 2018, which was stated in Deed
Tahun 2018 yang dituangkan dalam Akta No. 23 tanggal                             No. 23 Statement of Shareholders’ Decision dated 28
28 Februari 2018 Pernyataan Keputusan Para Pemegang                              February 2018, in which the shareholders agreed to issue
Saham. Dari RUPS tersebut, Pemegang Saham menyetujui                             option rights through the Management and Employee Stock
penerbitan hak opsi melalui Program Management and                               Option Plan (MESOP) Program to purchase new shares of the
Employee Stock Option Plan (MESOP) untuk membeli saham                           Company for a maximum of 88,888,800 (eighty-eight million
baru Perseroan sebanyak 88.888.800 (delapan puluh                                eight hundred eighty-eight thousand eight hundred) shares.
delapan juta delapan ratus delapan puluh delapan ribu
delapan ratus) saham.

Program MESOP bertujuan untuk menetapkan kebijakan                               The MESOP program aims to establish a fixed and variable
remunerasi yang bersifat tetap dan bersifat variabel yang                        remuneration policy by considering the performance and
memperhatikan kinerja dan risiko dan melakukan penetapan                         risks and determining the measurement method according
metode pengukurannya sesuai skala dan kompleksitas                               to the scale and complexity of the Company’s business
kegiatan usaha Perseroan. Selain itu, Program MESOP juga                         activities. In addition, the MESOP Program is also intended
ditujukan sebagai bentuk penghargaan atas pencapaian                             as a reward for future performance achievements.
kinerja di masa yang akan datang.

Pada 15 November 2018, Perseroan menerbitkan                                     On 15 November 2018, the Company issued an MESOP
program MESOP sekaligus memberikan saham kepada                                  program while providing shares to employees totaling
karyawan sejumlah 9.314.300 saham dalam 3 (tiga) tahap                           9,314,300 shares in 3 (three) stages as follows:
sebagai berikut:


Tahap I (15 November 2018) sebanyak 2.392.200 saham
Phase I (15 November 2018) of 2,392,200 shares


             Keterangan                                Tahun 2019                               Tahun 2020                  Tahun 2021
              Description                                 2019                                     2020                        2021
 Periode Pelaksanaan                         30 hari Bursa sejak tanggal 28        30 hari Bursa sejak tanggal 1    30 hari Bursa sejak tanggal
 Implementation Period                       November 2019                         November 2020                    15 September 2021
                                             30 Exchange days since 28             30 Exchange days since 1         30 Exchange days since 15
                                             November 2019                         November 2020                    September 2021
 Harga Pelaksanaan                           Rp3.465 per saham
 Execution Price                             IDR3,465 per share




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          Performance Review           Management Report                  Company Profile                Management Discussion and Analysis




  Tahap II (28 Mei 2019) sebanyak 3.596.600 saham
  Phase II (28 May 2019) of 3,596,600 shares



               Keterangan                       Tahun 2020                              Tahun 2021                          Tahun 2022
                Description                        2020                                    2021                                2022
      Periode Pelaksanaan            30 hari Bursa sejak tanggal 1           30 hari Bursa sejak tanggal 15       30 hari Bursa sejak tanggal 28
      Implementation Period          November 2020                           September 2021                       Mei 2022
                                     30 Exchange days since 1 November       30 Exchange days since 15            30 Exchange days since 28 May
                                     2020                                    September 2021                       2022
      Harga Pelaksanaan              Rp2.743 per saham
      Execution Price                IDR2,743 per share



  Tahap III (28 Mei 2020) sebanyak 3.325.500 saham
  Phase III (28 May 2020) of 3,325,500 shares


               Keterangan                       Tahun 2021                              Tahun 2022                          Tahun 2023
                Description                        2021                                    2022                                2023
      Periode Pelaksanaan            30 hari Bursa sejak tanggal 15          30 hari Bursa sejak tanggal 15       30 hari Bursa sejak tanggal 28
      Implementation Period          September 2021                          September 2022                       Mei 2023
                                     30 Exchange days since 15               30 Exchange days since 15            30 Exchange days since 28 May
                                     September 2021                          September 2022                       2023
      Harga Pelaksanaan              Rp2.842 per saham
      Execution Price                IDR2,842 per share


  Pihak yang memenuhi syarat untuk menerima MESOP adalah                     The parties who are eligible to receive the MESOP are the
  Direksi, Dewan Komisaris (kecuali Komisaris Independen)                    Board of Directors, the Board of Commissioners (except for
  dan karyawan tetap yang mengacu pada masa kerja,                           the Independent Commissioner) and permanent employees
  penilaian kinerja, kelompok jabatan, dan jabatan.                          with reference to tenure, performance appraisal, group of
                                                                             positions and positions.

  Pada tanggal 20 September 2022, telah diterbitkan                          On 20 September 2022, the Company issued 10,000
  sebanyak 10.000 saham baru yang merupakan hasil                            new shares resulted from the implementation of the
  pelaksanaan opsi program MESOP tahap 3 yang mana                           MESOP Phase 3’s option program. This program was
  program ini telah mendapatkan persetujuan dari Rapat                       already approved by the General Meeting of Shareholders
  Umum Pemegang Saham pada tanggal 28 Februari                               dated 28 February 2018. With the implementation of the
  2018. Dengan adanya pelaksanaan dari opsi program                          MESOP’s option program, there was a change in the number
  MESOP ini maka terdapat perubahan jumlah saham yang                        of outstanding shares from 1,777,777,800 shares to
  beredar dari yang semula 1.777.777.800 saham menjadi                       1,777,787,800 shares.
  1.777.787.800 saham.

  Distribusi MESOP Tugu Insurance memiliki masa berlaku                      Tugu Insurance's MESOP distribution has a validity period
  sejak tanggal pendistribusian sampai dengan 28 Mei                         from the distribution date until 28 May 2023. After that, all
  2023. Setelah itu, seluruh hak opsi yang tidak digunakan                   unused option rights expire.
  menjadi gugur.




406       LAPORAN TAHUNAN 2023                                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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     Corporate Governance                    Corporate Social Responsibility                   Audited Report




              Kebijakan Pengungkapan Informasi
    10.
              Mengenai Kepemilikan Saham Anggota Direksi
              dan Dewan Komisaris
              Information Disclosure Policy on Share Ownership of
              the Board of Directors and the Board of Commissioners




Kebijakan atas pengungkapan kepemilikan saham Perseroan                         The Company's share ownership disclosure policy refers
mengacu pada Peraturan Otoritas Jasa Keuangan No. 11/                           to the Financial Services Authority Regulation No. 11/
POJK.04/2017 tentang Laporan Kepemilikan atau Setiap                            POJK.04/2017 on Reporting Ownership or Any Change in
Perubahan Kepemilikan Saham Perusahaan Terbuka.                                 Share Ownership of Public Companies. Members of the
Anggota Direksi dan Dewan Komisaris memiliki kewajiban                          Board of Directors and Board of Commissioners have an
menyampaikan informasi kepada Perseroan mengenai                                obligation to submit information to the Company regarding
kepemilikan dan setiap perubahan kepemilikan saham.                             ownership and any changes in share ownership. The
Penyampaian informasi tersebut dilakukan paling lambat 3                        submission of such information shall be made no later than
(tiga) hari kerja setelah terjadinya kepemilikan atau setiap                    3 (three) business days after the occurrence of ownership or
perubahan kepemilikan atas saham Perseroan.                                     any change in ownership of the Company's shares.

Di sisi lain, Anggota Dewan Komisaris dan Direksi juga                          On the other hand, Members of the Board of Commissioners
wajib melaporkan kepada OJK atas kepemilikan atau setiap                        and the Board of Directors are also required to report to OJK
perubahan kepemilikan atas saham Perseroan melalui                              regarding the ownership or any changes in ownership of the
mekanisme pelaporan sendiri atau dengan memberikan                              Company's shares through a self-reporting mechanism or by
surat kuasa tertulis kepada pihak lain, dimana jangka waktu                     providing written power of attorney to other parties, where
pelaporannya diatur sebagai berikut:                                            the reporting period is regulated as follows:

1. Pelaporan Sendiri                                                            1. Self Reporting
   Setiap anggota Direksi dan Dewan Komisaris wajib                                Each member of the Board of Directors and the Board of
   melaporkan kepada OJK paling lambat 10 (sepuluh)                                Commissioners must report to OJK no later than 10 (ten)
   hari sejak terjadinya kepemilikan atau setiap perubahan                         days from the occurrence of ownership or any change in
   kepemilikannya atas saham Perseroan;                                            ownership of the Company’s shares;
2. Pelaporan melalui Kuasa                                                      2. Reporting by Proxy
   Dalam hal pelaporan dilakukan melalui Kuasa,                                    In the event the reporting is done through a Proxy, the
   maka kewajiban laporan kepemilikan atau setiap                                  obligation to report ownership or any change in share
   perubahan kepemilikan saham anggota Direksi dan                                 ownership of members of the Board of Directors and the
   Dewan Komisaris kepada OJK wajib dilakukan paling                               Board of Commissioners to OJK must be done no later
   lambat 5 (lima) hari sejak terjadinya kepemilikan atau                          than 5 (five) days from the occurrence of their share
   setiap perubahan kepemilikan atas saham Perseroan                               ownership or any change in their share ownership in the
   yang dimilikinya.                                                               Company.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023        407
Page 410
      1   Kilas Kinerja              2   Laporan Manajemen            3   Profil Perusahaan           4     Analisis dan Pembahasan Manajemen
          Performance Review             Management Report                Company Profile                   Management Discussion and Analysis




  Berikut ini adalah pelaporan transaksi pembelian dan/atau                    The following is a report on the share purchase and/or sale
  penjualan saham yang dilakukan oleh Direksi Perseroan                        transactions conducted by the Company’s Board of Directors
  sepanjang tahun 2023:                                                        in 2023:


                                     Jumlah
                                     Saham                                        Jumlah Saham
                                                     Jumlah         Harga                                   Tanggal        Tujuan        Pelaporan
                                    Sebelum                                           Setelah
          Nama       Transaksi                    Pembelian/        Saham                                 Transaksi      Transaksi         ke OJK
                                    Transaksi                                        Transaksi
          Name       Transaction                   Penjualan         Share                                Transaction    Purpose of      Reporting to
                                   Total Shares                                  Total Shares After
                                                  Total Buy/Sell     Price                                    Date       Transaction        OJK
                                      Before                                        Transaction
                                   Transaction
      Emil Hakim     Pembelian     51.000         10.000           Rp. 1.790,-   61.000 saham*        7 Februari        Investasi        8 Februari
                     Purchase      saham*         saham*                         61.000 shares*       2023              Investment       2023
                                   51.000         10.000                                              7 February                         8 February
                                   shares*        shares*                                             2023                               2023
                     Penjualan     61.000         10.000           Rp. 1.790,-   51.000 saham*        8 Februari        Divestasi
                     Sales         saham*         saham*                         51.000 shares*       2023              Divestment
                                   61.000         10.000                                              8 February
                                   shares*        shares*                                             2023
      Tatang         Pembelian     58.000         20.000 saham     Rp1.130,-     78.000 saham         6 November        Investasi        13 November
      Nurhidayat     Purchase      saham          20.000 shares                  78.000 shares        2023              Investment       2023
                                   58.000                                                             6 November                         13 November
                                   shares                                                             2023                               2023
                                   78.000         12.200 saham     Rp1.122,-     90.200 saham         7 November
                                   saham          12.200 shares                  90.200 shares        2023
                                   78.000                                                             7 November
                                   shares                                                             2023
                                   90.200         2.000 saham      Rp1.100,-     92.200 saham         8 November
                                   saham          2.000 shares                   92.200 shares        2023
                                   90.200                                                             8 November
                                   shares                                                             2023
                                   92.200         8.500 saham      Rp1.105,-     100.700 saham        9 November
                                   saham          8.500 shares                   100.700 shares       2023
                                   92.000                                                             9 November
                                   shares                                                             2023
                                   100.700        7.700 saham      Rp1.098,-     108.400 saham        10 November                        15 November
                                   saham          7.700 shares                   108.400 shares       2023                               2023
                                   100.700                                                            10 November                        15 November
                                   shares                                                             2023                               2023
                                   108.400        21.500 saham     Rp995,-       129.900 saham        19 Desember                        27 Desember
                                   saham          21.500 shares                  129.900 shares       2023                               2023
                                   108.400                                                            19 December                        27 December
                                   shares                                                             2023                               2023
                                   129.900        2.100 saham      Rp1.010,-     132.000 saham        22 Desember
                                   saham          2.100 shares                   132.000 shares       2023
                                   129.900                                                            22 December
                                   shares                                                             2023

  *Sebelum Stock Split 1:2
  *Before the stock split 1:2


  Secara rutin, Perseroan juga menyampaikan laporan bulanan                    The Company also regularly submits a monthly report on the
  registrasi kepemilikan saham yang didalamnya memuat                          share ownership registration which also includes the number
  jumlah saham yang dimiliki Dewan Komisaris dan Direksi.                      of shares owned by each member of the Company’s Board
  Penyampaian laporan tersebut diatur dalam Surat Keputusan                    of Directors and Board of Commissioners as stipulated in
  Direksi PT Bursa Efek Indonesia No. Kep-00066/BEI/09-                        PT Bursa Efek Indonesia‘s Decree of the Board of Directors
  2022 tanggal 30 September 2022 perihal Perubahan                             No. Kep-00066/BEI/09-2022 dated 30 September 2022,
  Peraturan No. I-E Tentang Kewajiban Penyampaian Informasi                    concerning the Obligation to Submit Information.




408       LAPORAN TAHUNAN 2023                                                                                  PT Asuransi Tugu Pratama Indonesia Tbk
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5    Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
     Corporate Governance                    Corporate Social Responsibility                   Audited Report




              Sistem Pelaporan Pelanggaran
    11.
              (Whistleblowing System)
              Whistleblowing System



Dalam rangka meningkatkan ketaatan pada peraturan                               To increase compliance with regulations and encourage
dan mendorong tumbuhnya budaya beretika tinggi dalam                            a high ethical culture in carrying out activities related to
melaksanakan kegiatan yang berhubungan dengan pihak                             internal and external parties, the Company enforces a
internal maupun eksternal, Perseroan telah mempunyai                            Whistleblowing System (WBS) as a means of reporting the
Sistem Pelaporan Pelanggaran (Whistleblowing System/WBS)                        occurrence of violations of the prevailing legislation and the
sebagai sarana pelaporan jika terjadi hal-hal yang melanggar                    Code of Conduct in the Company.
peraturan perundang-undangan yang berlaku dan Code of
Conduct di lingkungan Perseroan.

WBS merupakan salah satu bentuk komitmen Tugu                                   WBS is a form of Tugu Insurance’s commitment to
Insurance dalam mendukung penerapan GCG yang baik                               supporting the GCG implementation and business practices
dan praktik bisnis yang berintegritas. WBS bertujuan                            with integrity. WBS aims to create a comfortable work
untuk menciptakan lingkungan kerja yang nyaman, dengan                          environment by managing complaints or disclosing incidents
mengelola pengaduan atau pengungkapan kejadian yang                             that may result in financial and non-financial losses, including
dapat mengakibatkan kerugian keuangan dan non-keuangan,                         a decline in the Company’s image. Every Tugu Personnel and
termasuk penurunan citra Perseroan. Setiap Insan Tugu                           external parties can play a role in helping prevent violations
dan pihak eksternal dapat berperan serta membantu upaya                         of the applicable laws and regulations as well as violations
pencegahan terhadap terjadinya pelanggaran peraturan                            of Tugu Insurance’s Code of Conduct.
perundang-undangan yang berlaku maupun Code of Conduct
Tugu Insurance.


Pedoman Whistleblowing System (WBS)
Whistleblowing Guideline

Sebagai dasar atau pedoman pelaksanaan dalam                                    As a basis or implementation guideline in dealing with
menangani pelaporan pelanggaran dari stakeholders                               reporting violations from stakeholders to ensure the
untuk menjamin terselenggaranya mekanisme pelaporan                             implementation of an effective violation reporting mechanism
pelanggaran yang efektif dalam jangka waktu yang efektif                        within an effective period by stakeholders, the Company has
oleh stakeholders, Perseroan telah memiliki Pedoman                             a Whistleblowing System (WBS) Guideline which is enforced
Whistleblowing System (WBS) yang diberlakukan melalui                           through the issuance of the Board of Directors' Decree
penerbitan Surat Keputusan Direksi No. 06/SKD/06/ERL-                           No. 06/SKD/06/ERL-ATPI/II/2022 dated 21 February 2022.
ATPI/II/2022 tanggal 21 Februari 2022. Pedoman WBS                              The WBS Guidelines regulate actions that can be categorized
merupakan panduan pelaporan yang mengatur tindakan                              as violations, management of reporting mechanisms,
yang dapat dikategorikan sebagai pelanggaran, pengelolaan                       reporting procedures and requirements, reporting follow-up
mekanisme pelaporan, tata cara dan syarat-syarat pelaporan,                     mechanisms, evaluation of follow-up reporting, protection
mekanisme tindak lanjut pelaporan, evaluasi atas tindak                         guarantee for the whistleblower and the reported party(ies),
lanjut pelaporan, perlindungan jaminan pelapor dan terlapor,                    as well as publication and socialization regarding WBS.
serta publikasi maupun sosialisasi perihal WBS.

Pedoman WBS Tugu Insurance disusun dengan                                       Tugu Insurance WBS Guidelines have been prepared by
memperhatikan ketentuan dalam:                                                  considering the following provisions:
• Undang-Undang Republik Indonesia No. 31 Tahun                                 • Law of the Republic of Indonesia No. 31 of 1999
   1999 tentang Pemberantasan Tindak Pidana Korupsi                                concerning the Eradication of Corruption Crimes
   sebagaimana yang telah diubah dengan Undang-Undang                              as amended by Law No. 20 of 2001 concerning
   No. 20 Tahun 2001 tentang Perubahan atas Undang-                                Amendments to Law No. 31 of 1999 concerning the
   Undang No. 31 Tahun 1999 tentang Pemberantasan                                  Eradication of Criminal Acts of Corruption;
   Tindak Pidana Korupsi;


PT Asuransi Tugu Pratama Indonesia Tbk                                                                                  ANNUAL REPORT 2023       409
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      1   Kilas Kinerja          2   Laporan Manajemen   3     Profil Perusahaan     4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report         Company Profile           Management Discussion and Analysis




  • Undang-Undang Republik Indonesia No. 30 Tahun 2002            • Law of the Republic of Indonesia No. 30 of 2002
    tentang Komisi Pemberantasan Tindak Pidana Korupsi;             concerning the Eradication of Criminal Acts of Corruption;
  • Undang-Undang Republik Indonesia No. 40 Tahun 2007            • Law of the Republic of Indonesia No. 40 of 2007
    tentang Perseroan Terbatas;                                     concerning Limited Liability Companies;
  • Undang-Undang Republik Indonesia No. 40 Tahun 2014            • Law of the Republic of Indonesia No. 40 of 2014
    tentang Perasuransian;                                          concerning Insurance;
  • Peraturan Otoritas Jasa Keuangan No. 44/                      • Financial Services Authority Regulation No. 44/
    POJK.05/2020 tentang Penerapan Manajemen Risiko                 POJK.05/2020 concerning the Implementation
    bagi Lembaga Jasa Keuangan Non Bank;                            of Risk Management for Non-Bank Financial
  • Peraturan Otoritas Jasa Keuangan No. 73/                        Services Institutions;
    POJK.05/2016 tentang Tata Kelola Perusahaan yang              • Financial Services Authority Regulation No. 73/
    Baik bagi Perusahaan Perasuransian sebagaimana telah            POJK.05/2016 concerning Good Corporate Governance
    diubah dengan Peraturan Otoritas Jasa Keuangan No.              for Insurance Companies as amended by Financial
    43/POJK.05/2019 tentang Perubahan atas Peraturan                Services Authority Regulation No. 43/POJK.05/2019
    Otoritas Jasa Keuangan No. 73/POJK.05/2016                      concerning Amendments to Financial Services Authority
    Tentang Tata Kelola Perusahaan yang Baik bagi                   Regulation No. 73/POJK.05/2016 concerning Good
    Perusahaan Perasuransian;                                       Corporate Governance for Insurance Companies;
  • Peraturan Otoritas Jasa Keuangan No. 69/                      • Financial Services Authority Regulation No. 69/
    POJK.05/2016 tentang Penyelenggaraan Usaha                      POJK.05/2016 concerning Business Conduct of
    Perusahaan Asuransi, Perusahaan Asuransi Syariah,               Insurance Companies, Sharia Insurance Companies,
    Perusahaan Reasuransi, Perusahaan Reasuransi                    Reinsurance Companies, Sharia Reinsurance Companies
    Syariah sebagaimana telah diubah dengan Peraturan               as amended by Financial Services Authority Regulation
    Otoritas Jasa Keuangan No. 38/POJK.05/2020 tentang              No. 38/POJK.05/2020 concerning Amendments
    Perubahan atas Peraturan Otoritas Jasa Keuangan No.             to Financial Services Authority Regulation No. 69/
    69/POJK.05/2016 tentang Penyelenggaraan Usaha                   POJK.05/2016 concerning Business Conduct of
    Perusahaan Asuransi, Perusahaan Asuransi Syariah,               Insurance Companies, Sharia Insurance Companies,
    Perusahaan Reasuransi, Perusahaan Reasuransi Syariah;           Reinsurance Companies, Sharia Reinsurance Companies;
  • Surat Edaran Otoritas Jasa Keuangan No. 46/                   • Financial Services Authority Circular Letter No. 46/
    SEOJK.05/2017 tentang Pengendalian Fraud, Penetapan             SEOJK.05/2017 concerning Control Fraud, Determination
    Strategi Anti Fraud dan Laporan Strategi Anti Fraud bagi        of Anti-Fraud Strategy and Anti-Fraud Strategy Report
    Perusahaan Asuransi, Perusahaan Asuransi Syariah,               for Insurance Companies, Sharia Insurance Companies
    Perusahaan Reasuransi, Perusahaan Reasuransi Syariah            Reinsurance Companies, Reinsurance Sharia Companies
    atau Unit Syariah;                                              or Sharia Unit;
  • Pedoman Sistem Pelaporan Pelanggaran (Whistleblowing          • Whistleblowing System Guidelines 2008 by National
    System) tahun 2008 oleh Komite Nasional Kebijakan               Committee on Governance Policy (KNKG) and its
    Governance (KNKG) beserta perubahannya;                         amendments;
  • Perjanjian Kerja Bersama (PKB) Tugu Insurance;                • Tugu Insurance Collective Labor Agreement;
  • Pedoman Strategi Anti Fraud Tugu Insurance;                   • Tugu Insurance Anti Fraud Strategy Guidelines;
  • Pedoman Tata Kelola Perusahaan Tugu Insurance;                • Tugu Insurance Good Corporate Governance Guidelines;
  • Pedoman Pengendalian Gratifikasi PT Asuransi Tugu             • Tugu Insurance Gratification Control Guidelines;
    Pratama Indonesia Tbk;                                        • Tugu Insurance Conflict of Interest Guidelines;
  • Pedoman Conflict of Interest Tugu Insurance;                  • Tugu Insurance Anti-Bribery Management System (SMAP)
  • Pedoman Sistem Manajemen Anti Penyuapan (SMAP)                  Guidelines;
    Tugu Insurance;                                               • Tugu Insurance’s Systematic Guidelines for Business
  • Pedoman Sistematika Etika Usaha dan Tata Perilaku               Ethics and Code of Conduct.
    (Code of Conduct) Tugu Insurance.




410       LAPORAN TAHUNAN 2023                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7    Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                    Audited Report




Ruang Lingkup Pengaduan Pelanggaran Melalui Sistem Pelaporan Pelanggaran
Scope of Violations Reporting through the Whistleblowing System

Perseroan akan menindaklanjuti setiap pelaporan                                 The Company will follow up any violation reported through the
pelanggaran yang dilaporkan melalui mekanisme WBS dan                           WBS mechanism and has fulfilled the violation elements in
telah memenuhi unsur pelanggaran berupa:                                        the form of:
• Korupsi;                                                                      • Corruption;
• Suap;                                                                         • Bribery;
• Gratifikasi;                                                                  • Gratuities;
• Benturan Kepentingan;                                                         • Conflicts of Interest;
• Pencurian;                                                                    • Theft;
• Kecurangan (Fraud);                                                           • Fraud;
• Perbuatan Melanggar Hukum;                                                    • Violation of the Law;
• Pelanggaran peraturan dan kebijakan Perusahaan;                               • Violation of Company regulations and policies;
• Pelanggaran Kode Etik dan berpotensi melanggar                                • Violation of the Code of Conduct and potentially violating
    prinsip-prinsip GCG;                                                            GCG principles;
• Perbuatan yang membahayakan keselamatan dan                                   • Any action that may jeopardize occupational safety and
    kesehatan kerja atau membahayakan keamanan                                      health or endanger the security of the Company and is
    Perusahaan serta merugikan Perusahaan.                                          detrimental to the Company.


Mekanisme Whistleblowing System (WBS) Tugu Insurance
Tugu Insurance Whistleblowing System (WBS) Mechanism




       Pelaporan                              Tim penanganan                         Apabila hasil                    Direksi/Dewan
       melalui email                          Pelaporan                              penelaahan                       Komisaris
       clean1@tugu.                           Pelanggaran                            menunjukan                       menindaklanjuti
       com dan                                menelaah laporan                       adanya indikasi                  pelaporan
       clean2@tugu.com                        yang masuk.                            pelanggaran,                     pelanggaran yang
       atau surat ke                                                                 pelaporan                        memerlukan
                                              The Whistleblowing
       Direksi/Dewan                          handling team reviews
                                                                                     disampaikan ke                   pendalaman lebih
       Komisaris.                             the incoming reports                   Direksi/Dewan                    lanjut melalui
                                                                                     Komisaris.                       Komite Audit untuk
       Reporting via
       email through
                                                                                                                      dilakukan audit
                                                                                     If the review results
       clean1@tugu.com and                                                           in an indication of
                                                                                                                      khusus/investigasi.
       clean2@tugu.com, or                                                           violation, the report is
                                                                                                                      Follow-up on violations
       letter addressed to the                                                       submitted to the Board
                                                                                                                      reporting that required
       Board of Directors/Board                                                      of Directors/ Board of
                                                                                                                      deeper investigation by
       of Commissioners.                                                             Commissioners.
                                                                                                                      the Board of Directors/
                                                                                                                      Board of Commissioners
                                                                                                                      through special audits/
                                                                                                                      investigations carried out
                                                                                                                      by the Audit Committee.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023           411
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      1   Kilas Kinerja          2   Laporan Manajemen     3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report         Company Profile            Management Discussion and Analysis




  Perlindungan bagi Pelapor
  Protection for the Whistleblower

  Perseroan akan merahasiakan identitas Pelapor, sebagai          The Company would keep confidential the identity of the
  bagian dari upaya dalam memberikan perlindungan bagi            Whistleblower, as part of efforts to protect the Whistleblower
  Pelapor dari tindakan yang merugikan Pelapor, serta untuk       from detrimental actions, as well as to build up the courage
  mendorong keberanian melaporkan pelanggaran. Perseroan          to report violations. The Company will strive to provide the
  juga akan mengupayakan perlindungan hukum kepada                legal protection for the Whistleblower in accordance with the
  Pelapor sesuai ketentuan yang diatur dalam peraturan            provisions stipulated in the laws and regulations.
  perundang-undangan.


  Pihak yang Mengelola Pengaduan
  Party Handling Complaint

  Pihak yang mengelola pengaduan Laporan Pelanggaran              The party responsible for managing the Violation Report
  dalam Sistem WBS Tugu Insurance adalah Tim Penanganan           in Tugu Insurance’s WBS System is Violation Reporting
  Pelaporan Pelanggaran, yang bertanggung jawab antara            Handling Team, whose responsibilities include managing
  lain untuk mengelola dan menindaklanjuti laporan tindakan       and following up reports on the violations committed by Tugu
  pelanggaran yang dilakukan oleh Insan Tugu. Ketua Tim           Personnel. The chairman of Violation Reporting Handling
  Penanganan Pelaporan Pelanggaran adalah Internal Audit          Team is Internal Audit Group Head.
  Group Head.


  Sanksi/Tindak Lanjut atas Pengaduan
  Sanction/Follow Up on the Report

  Perseroan memberikan sanksi sesuai ketentuan yang               For proven violations, the Company imposes sanctions in
  berlaku di Perseroan atas pelanggaran yang terbukti,            accordance with the applicable provisions in the Company to
  sehingga dapat memberikan efek jera bagi pelaku                 provide a deterrent effect for violators and other parties who
  pelanggaran maupun pihak lain yang memiliki niat                intend to commit a violation. Until the end of 2023, there
  melakukan pelanggaran. Hingga akhir tahun 2023, tidak           were no sanctions imposed by the Company on employees
  ada sanksi yang diberikan Perusahaan kepada pekerja yang        for violations (fraud).
  terjadi atas pelanggaran (fraud).


  Realisasi Pelaporan Pelanggaran Melalui WBS Tahun 2023
  Realization of Violation Reporting Through WBS in 2023

  Sepanjang tahun 2023, tidak terdapat pengaduan/laporan          Throughout 2023 there was no report/complaint related to
  yang diterima melalui WBS pelaporan terkait pelanggaran         violations received through WBS in the Company from both
  di Perseroan baik dari kalangan internal maupun eksternal.      internal and external parties. However, all Tugu Personnel
  Namun demikian, segenap Insan Tugu senantiasa                   always make WBS as one of the control and mitigation
  menjadikan WBS sebagai salah satu fungsi kontrol dan            functions against risks and potential violations.
  mitigasi terhadap risiko dan potensi pelanggaran.




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              Kebijakan Anti Korupsi
    12.       Anti Corruption Policy




Seluruh insan Perseroan senantiasa berperan aktif                               All Company personnel play an active role in preventing
dalam pencegahan dan upaya pemberantasan praktik                                and eradicating the Corruption, Collusion and Nepotism
Korupsi, Kolusi, dan Nepotisme (KKN) dan Gratifikasi. Tugu                      (KKN), as well as Gratification practices. Tugu Insurance
Insurance berkomitmen secara penuh dalam mendukung                              is highly committed to supporting this movement through
upaya tersebut didukung oleh berbagai realisasi program.                        the realization of various programs. These commitment
Bentuk komitmen nyata Perseroan direalisasikan melalui                          is realized through the enhancement of the goods and
penyempurnaan sistem dan prosedur pengadaan barang                              services procurement system and procedure, improvement
dan jasa, perbaikan kebijakan operasional, penerapan                            of operational policies, the implementation of the
sistem pelaporan pelanggaran (whistleblowing system), dan                       whistleblowing system, and refusal of gratification practices.
penolakan praktik gratifikasi.

Dalam kegiatan sehari-hari, seluruh pegawai Tugu Insurance                      In day-to-day activities, all Tugu Insurance employees are
wajib mengimplementasikan nilai-nilai perusahaan di                             required to implement the company's values including
antaranya Amanah (Clean) yaitu bekerja dengan integritas,                       Amanah (Clean), which is to work with integrity, prioritizing
mengedepankan kode etik perusahaan dan bisnis. Usaha                            the company's code of conduct and business. Preventive
preventif juga dilakukan melalui pemuatan pengumuman                            actions are also carried out through posting announcements
penolakan praktik gratifikasi di website perusahaan saat                        of refusal to the gratification practices on the company’s
menjelang hari besar perayaan agama.                                            website ahead of religious celebrations.

Komitmen dan kebijakan Anti-Korupsi Tugu Insurance                              Tugu Insurance’s Anti-Corruption policy and commitment have
telah diatur dalam Panduan Umum Tata kelola Perusahaan                          been stipulated in the Company’s GCG General Guidelines
sebagai berikut:                                                                as follows:
• Pedoman Sistematika Etika Usaha dan Tata Perilaku                             • The Systematic Guidelines for Business Ethics and Code
    (Code of Conduct atau CoC);                                                     of Conduct;
• Pedoman Whistleblowing System (WBS);                                          • Whistleblowing System Guideline;
• Pedoman Konflik Kepentingan (Conflict of Interest atau                        • Conflict of Interest (CoI) Guideline;
    CoI);                                                                       • Gratification Guideline;
• Pedoman Gratifikasi;                                                          • Report of State Administrators’ Assests (LHKPN)
• Pedoman Laporan Harta Kekayaan Penyelenggara Negara                               Guideline;
    (LHKPN);                                                                    • Goods and Services Procurement Guidelines;
• Pedoman Pengadaan Barang dan Jasa;                                            • Anti-Bribery Management System (SMAP) Guidelines –
• Pedoman Sistem Manajemen Anti Penyuapan (SMAP) –                                  ISO 37001:2016.
    ISO 37001:2016.

Berdasarkan kebijakan-kebijakan tersebut, Perseroan terus                       Based on these policies, the Company continuously
melakukan penyempurnaan dan evaluasi efektivitas setiap                         improving and evaluating its effectiveness annually. In
tahun. Dalam menjalankan tugas dan tanggung jawabnya,                           conducting their duties, every Tugu Personnel must obey and
seluruh insan Perseroan wajib mematuhi dan memahami                             understand every provision regarding corruption as stated in
setiap ketentuan mengenai tindak pidana korupsi yang                            the GCG General Guidelines. The following are the programs
tertuang dalam Pedoman Umum Tata kelola. Adapun                                 and procedures carried out to overcome the practice of
uraian mengenai program dan prosedur yang dilakukan                             corruption, kickbacks, fraud, bribery and/or gratuities in
dalam mengatasi praktik korupsi, balas jasa (kickbacks),                        the Company.
fraud, suap dan/atau gratifikasi di Perseroan adalah
sebagai berikut.




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           Performance Review        Management Report           Company Profile             Management Discussion and Analysis




          12.A.
  Gratifikasi
  Gratuities


  Gratifikasi adalah pemberian dan/atau penerimaan dan/             Gratuities are gifts and/or receipts in a broad context,
  atau permintaan dalam arti luas, yakni meliputi hadiah/           which includes gifts/souvenirs and entertainment to Tugu
  cinderamata dan hiburan (entertainment) kepada Insan Tugu         Personnel, both domestically and abroad using electronic
  baik yang diterima di dalam negeri maupun di luar negeri          and/or without electronic facilities. Gratuities are often
  dan yang dilakukan dengan menggunakan sarana elektronik           unavoidable and is become one of the Company’s concerns
  dan/atau tanpa melalui sarana elektronik. Gratifikasi adalah      given its nature that leads to bribery and/or corruption.
  salah satu pelanggaran yang sering tidak terhindarkan             Gifts/souvenirs are any gifts and/or receipts in broader
  dan menjadi perhatian Perseroan mengingat sifatnya yang           context presented to Tugu Personnel.
  mengarah pada tindak pidana suap dan/atau tindak pidana
  korupsi. Hadiah/cinderamata adalah setiap pemberian dan/
  atau penerimaan dalam arti luas, kepada Insan Tugu.

  Hiburan (entertainment) adalah segala sesuatu baik yang           Entertainment includes various things, such as words,
  berbentuk kata-kata, tempat, benda, dan perilaku yang             places, objects, and behaviors that according to reasonable
  menurut pemikiran logika yang wajar bersifat menghibur dan        logic is consider entertaining and pleasing, which are shared
  menyenangkan hati, yang dinikmati bersama-sama dengan             with the Giver, including but not limited to music, film, opera,
  Pemberi, termasuk tapi tidak terbatas pada musik, film,           drama, game, sports, and tourism.
  opera, drama, permainan, olahraga, dan wisata.


  Pedoman Gratifikasi
  Gratification Guideline

  Pedoman Gratifikasi dianggap penting untuk menghindari            Tugu Insurance considers that there is a need for clear
  terjadinya pelanggaran dan peluang terjadinya tindak              guidelines for all Tugu Personnel in terms of refusing and/or
  pidana suap. Dalam rangka mendukung upaya pencegahan,             accepting and/or giving gratuities to prevent the occurrence
  Perseroan telah menerbitkan Pedoman Gratifikasi yang              of gratification and opportunities for bribery to occur.
  ditetapkan pada 1 Juli 2014 dengan Surat Keputusan Direksi        Therefore, the Company has issued Gratification Guideline,
  No. 018/SKD/TPI/VII/2014, yang telah disempurnakan dan            which was stipulated on 1 July 2014 pursuant to the Decree
  dimutakhirkan dengan Pedoman No. A-008/9100/2017                  of the Board of Directors No. 018/SKD/TPI/VII/2014,
  Revisi Ke-1 tanggal 5 Desember 2017, yang diberlakukan            which has been enhanced and updated with Guideline No.
  melalui SKD No. 011/SKD/CSG/TPI/II/2018 tanggal 7                 A-008/9100/2017 1st Revision dated 5 December 2017,
  Februari 2018 mengenai Pedoman Gratifikasi PT Tugu                enforced by Board of Directors' Decree No. 011/SKD/CSG/
  Pratama Indonesia dan telah dilakukan revitalisasi melalui        TPI/II/2018 dated 7 February 2018 regarding Gratification
  SKD No. 65/SKD/06/ERL-ATPI/VIII/2021 ditetapkan                   Guideline of PT Tugu Pratama Indonesia and has been
  tanggal 31 Agustus 2021 mengenai Pedoman Pengendalian             revitalized through Board of Directors' Decree No. 65/
  Gratifikasi No. A-001/6500/2021 Revisi ke-2 tertanggal 28         SKD/06/ERL-ATPI/VIII/2021 on 31 August 2021 regarding
  Juli 2021.                                                        Guideline for Gratification Control No. A-001/6500/2021 2nd
                                                                    Revision dated 28 July 2021.

  Ruang lingkup Pedoman Gratifikasi ini adalah mengenai             The scope of this Gratification Guideline includes matters
  hal-hal yang terkait dengan kebijakan gratifikasi, antara         related to the gratification policy, among others in the
  lain dalam hal penolakan, penerimaan, pemberian hadiah/           terms of refusal, acceptance, giving gifts/souvenirs and
  cinderamata dan hiburan (entertainment), prinsip dasar,           entertainment, basic principles, statutory provisions that
  ketentuan perundang-undangan yang mengatur, klasifikasi           regulate, classification of gratification acts and limits
  tindakan gratifikasi serta batasan penerimaan, pemberian          on acceptance, giving and giving by request of third
  dan pemberian atas permintaan dari pihak ketiga. Pedoman          parties. The objectives of this Guideline is to establish an
  gratifikasi bertujuan untuk membentuk lingkungan organisasi       organizational environment that is aware and controlled in



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yang sadar dan terkendali dalam penanganan praktik                              handling gratification practices to realize the principles of
gratifikasi untuk mewujudkan prinsip keterbukaan dan                            openness and accountability in carrying out daily operation
akuntabilitas dalam menjalankan kegiatan operasional dan                        and business activities and to regulate the precautionary
bisnis sehari-hari serta mengatur prinsip kehati-hatian terkait                 principle related to conflicts of interest and reporting
dengan benturan kepentingan maupun mekanisme pelaporan                          mechanisms within the Company. This guideline applies
di lingkungan Perseroan. Pedoman ini dapat digunakan                            internally to Tugu Personnel and can be used as a reference
sebagai acuan seluruh Insan Tugu, Anak Perusahaan                               for Subsidiaries and Affiliates.
serta Afiliasi.

Secara berkala, Pedoman Gratifikasi disempurnakan dan                           Periodically, the Gratification Guidelines are refined and
dievaluasi penerapannya sesuai dengan perkembangan                              evaluated for implementation in accordance with the
model bisnis Perseroan. Pedoman ini juga terus                                  development of the Company's business model. This
disosialisasikan dan diimplementasikan di bawah tanggung                        guideline also continuously socialized and implemented
jawab fungsi Compliance. Tujuan dari penerapan Pedoman                          under the responsibility of the Compliance function. The
Gratifikasi di antaranya:                                                       objectives of the implementation of the Gratification
                                                                                Guidelines include:
1. Memberikan pemahaman dan kepatuhan kepada seluruh                            1. Provide understanding and compliance for Tugu Personnel
   Insan Tugu terhadap ketentuan Gratifikasi;                                       with Gratuity provisions;
2. Memberikan arah dan acuan bagi Insan Tugu mengenai                           2. Provide direction and reference for Tugu Personnel
   pentingnya kepatuhan melaporkan gratifikasi untuk                                regarding the importance of complying with gratuity
   perlindungan dirinya sendiri maupun keluarganya dari                             reporting to protect themselves and their families from
   peluang dikenakannya tuduhan tindak pidana suap.                                 the possibility of bribery accusation.
3. Sebagai pedoman bagi Insan Tugu untuk memahami,                              3. As a guideline for Tugu Personnel to understand, prevent
   mencegah dan menanggulangi Gratifikasi di Perusahaan;                            and deal with Gratification in the Company;
4. Sebagai pedoman bagi Insan Tugu dalam mengambil                              4. As a guideline for Tugu Personnel in taking a firm stance
   sikap yang tegas terhadap Gratifikasi di Perusahaan                              against Gratification in the to realize good Company
   untuk mewujudkan pengelolaan Perusahaan yang baik;                               management;
5. Mewujudkan pengelolaan Perseroan yang bebas dari                             5. Embody the management of the Company that is free
   segala bentuk Korupsi, Kolusi, dan Nepotisme (“KKN”);                            from all forms of Corruption, Collusion, and Nepotism
6. Membentuk lingkungan organisasi yang sadar dan                                   (“KKN”);
   terkendali dalam penanganan praktik gratifikasi                              6. Establish a conscious and controlled organizational
   sehingga prinsip keterbukaan dan akuntabilitas dalam                             environment in handling gratification practices so that
   menjalankan kegiatan operasional dan bisnis sehari-hari                          the principles of transparency and accountability in
   semakin terimplementasi dengan baik.                                             carrying out daily operational and business activities are
                                                                                    increasingly well implemented.


Larangan dalam Pedoman Gratifikasi
Prohibition in Gratuities Guideline

Penerimaan Gratifikasi oleh Insan Tugu                                          Receiving Gratuities by Tugu Personnel

Seluruh Insan Tugu dan/atau anggota keluarga intinya                            All Tugu Personnel and/or their immediate family members
dilarang menerima hadiah/cinderamata dan/atau hiburan                           are prohibited from receiving gifts/souvenirs and/or
(Entertainment) baik secara langsung maupun tidak                               entertainment, either directly or indirectly, either on their
langsung, baik atas inisiatif sendiri maupun orang lain                         own or other people's initiative from any party that has a
dari setiap pihak yang memiliki hubungan bisnis atau                            business relationship or competitor of the Company with the
pesaing Perusahaan yang bertujuan untuk mendapatkan                             aim of obtaining information or anything that is not justified
infromasi atau sesuatu hal yang tidak dibenarkan oleh                           by the provisions of the applicable laws and regulations,
ketentuan peraturan perundang-undangan yang berlaku,                            or influencing the party in question to do and/or not do
atau mempengaruhi pihak dimaksud untuk melakukan dan/                           something related to their authority/position.
atau tidak melakukan sesuatu hal yang berkaitan dengan
wewenang/jabatannya.




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  Bentuk-bentuk penerimaan Gratifikasi yang dilarang dan               Gratuities that are prohibited and must be reported include:
  wajib dilaporkan antara lain:
  1. Bertentangan dan melebihi batasan bentuk-bentuk                   1. Contrary to and exceeding the limits of the forms
      Gratifikasi yang diperbolehkan dan tidak wajib dilaporkan.          of Gratification that are allowed and not required to
  2. Gratifikasi yang dianggap suap merupakan Gratifikasi                 be reported.
      yang diberikan dari pihak yang memiliki benturan                 2. Gratuities that are considered bribes are Gratuities given
      kepentingan dan dilarang oleh aturan yang berlaku.                  from parties that have a conflict of interest and are
                                                                          prohibited by applicable regulations.

          Contoh Gratifikasi yang dianggap suap antara lain:                Examples of Gratuities that are considered
          a. Pemberian hadiah/cinderamata dan/atau hiburan                  bribes include:
             (Entertainment) sebagai tanda terima kasih yang                a. Gifts/souvenirs and/or entertainment as a token
             diterima Insan Tugu dari pihak ketiga terkait dengan               of appreciation received by Tugu Personnel from
             proses pengadaan barang dan jasa dan/atau                          third parties related to the process of procurement
             sehubungan telah terpilihnya atau telah selesainya                 of goods and services and/or in connection with
             suatu pekerjaan dan/atau kegiatan lainnya dalam                    the selection or completion of a job and/or other
             rangka pelaksanaan tugas dan jabatan Insan Tugu                    activities in the context of performing the duties and
             yang bersangkutan;                                                 positions of the Tugu Personnel concerned;
          b. Pemberian hadiah/cinderamata dan/atau hiburan                  b. Gifts/souvenirs and/or entertainment received
             (Entertainment) yang diterima Insan Tugu atas                      by Tugu Personnel for cooperation/cooperation
             kerjasama/perjanjian kerja sama dari pihak ketiga;                 agreements from third parties;
          c. Pemberian hadiah/cinderamata dan/atau hiburan                  c. Gifts/souvenirs and/or entertainment as a token of
             (Entertainment) sebagai tanda terima kasih yang                    appreciation received by Tugu Personnel from third
             diterima Insan Tugu dari pihak ketiga terkait dengan               parties related to work feasibility check process and/
             proses pemeriksaan kelayakan pekerjaan dan/atau                    or approval/monitoring/supervising of a job process;
             proses persetujuan/pemantauan/pengawasan atas                  d. Gifts/souvenirs and/or entertainment received by
             suatu pekerjaan;                                                   Tugu Personnel from third parties in connection
          d. Pemberian hadiah/cinderamata dan/atau hiburan                      with the promotion and/or new positions of
             (Entertainment) yang diterima Insan Tugu dari pihak                Tugu Personnel;
             ketiga sehubungan dengan kenaikan pangkat dan/                 e. Gifts in the form of bank loans or other financial
             atau jabatan baru Insan Tugu;                                      institutions received due to the position
          e. Pemberian dalam bentuk pinjaman bank atau                          and/or authority of Tugu Personnel and not
             lembaga keuangan lainnya yang diterima karena                      generally applicable;
             jabatan dan/atau kewenangan Insan Tugu dan tidak               f. Opportunities or benefits including the amount/
             berlaku umum;                                                      percentage of special interest or commercial
          f. Kesempatan atau keuntungan termasuk jumlah/                        discounts received due to the position and/
             persentase bunga khusus atau diskon komersial yang                 or authority of Tugu Personnel and not
             diterima karena jabatan dan/atau kewenangan Insan                  generally applicable;
             Tugu dan tidak berlaku umum;                                   g. Gifts/souvenirs and/or entertainment from fellow
          g. Pemberian hadiah/cinderamata dan/atau hiburan                      Tugu Personnel, in performing their tasks including
             (Entertainment) dari sesama Insan Tugu, dalam                      but not limited to inspection, audit, valuation,
             pelaksanaan tugas termasuk namun tidak terbatas                    appraisal and assessment activities;
             pada kegiatan pemeriksaan, audit, penilaian,                   h. Gifts in the form of transportation facilities,
             appraisal dan assessment;                                          accommodation, money and/or money equivalents
          h. Pemberian dalam bentuk fasilitas transportasi,                     in connection with the implementation of the duties
             akomodasi, uang dan/atau setara uang sehubungan                    and obligations of the Tugu Personnel concerned from
             dengan pelaksanaan tugas dan kewajiban Insan                       third party companies, which are carried out through
             Tugu yang bersangkutan dari perusahaan pihak                       invitations from these third parties;
             ketiga, yang dilakukan melalui undangan dari pihak             i. Gifts/souvenirs and/or entertainment in connection
             ketiga tersebut;                                                   with the implementation of duties and obligations
          i. Pemberian hadiah/cinderamata dan/atau hiburan                      of Tugu Personnel in third party companies
             (Entertainment) yang dilakukan terkait dengan                      that are irrelevant/unrelated to the purpose of
             pelaksanaan tugas dan kewajiban Insan Tugu di                      the assignment;
             perusahaan pihak ketiga yang tidak relevan/tidak
             berhubungan dengan maksud penugasannya;



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    j.   Potongan harga khusus (diskon) pada saat Insan Tugu                       j.   Special discounts when Tugu Personnel buy goods
         membeli barang dari pihak ketiga.                                              from third parties.

Pemberian Gratifikasi                                                           Giving Gratuities

Insan Tugu dan/atau keluarga inti dilarang memberikan                           Tugu Personnel and/or immediate family are prohibited from
sesuatu dalam bentuk apapun kepada sesama Insan Tugu                            giving gift in any form to fellow Tugu Personnel and/or Third
dan/atau Pihak Ketiga yang merupakan aset/harta/fasilitas                       Parties which considered as assets/facilities belonging
milik Perusahaan tanpa terdokumentasi dan tidak dapat                           to the Company without documentation and cannot be
dipertanggung jawabkan.                                                         accounted for.

Pengecualian dalam Penerimaan dan Pemberian                                     Exception in Receiving and Giving Gratuities
Gratifikasi

Terdapat beberapa bentuk penerimaan dan pemberian                               There are several forms of receiving and giving of Gratuities
Gratifikasi yang tidak terkait dengan jabatan dan tidak                         that are not related to the position and are not contrary to
berlawanan dengan kewajiban atau tugas Insan Tugu,                              the obligations or duties of Tugu Personnel, and thus, the
sehingga Gratifikasi tersebut tidak wajib dilaporkan. Bentuk-                   Gratuities are not required to be reported. The forms of
bentuk Gratifikasi yang diperbolehkan dan tidak wajib                           Gratification that are allowed and not required to be reported
dilaporkan sebagai berikut:                                                     are as follows:
a. Pemberian dalam keluarga yaitu kakek/nenek, bapak/                           a. Gifts within the family, namely grandparents, fathers/
    ibu/mertua, suami/istri, anak/menantu, anak angkat/                             mothers/parents-in-law, husbands/wives, children/
    wali yang sah, cucu, besan, paman/bibi, kakak/adik/ipar,                        children-in-law, adopted children/legal guardians,
    sepupu dan keponakan, sepanjang tidak terdapat konflik                          grandchildren, in-laws, uncles/aunts, brothers/sisters/
    kepentingan;                                                                    nieces, cousins and nephews, as long as there is no
b. Keuntungan atau bunga dari penempatan dana, investasi                            conflict of interest;
    atau kepemilikan saham pribadi yang berlaku umum;                           b. Profit or interest from the placement of funds, investment
c. Manfaat dari koperasi, organisasi kepegawaian atau                               or ownership of personal shares that are generally
    organisasi yang sejenis berdasarkan keanggotaan yang                            applicable;
    berlaku umum;                                                               c. Benefits from cooperatives, employment organizations
d. Perangkat atau perlengkapan yang diberikan kepada                                or similar organizations based on generally applicable
    peserta dalam kegiatan kedinasan seperti seminar,                               membership;
    workshop, konferensi, pelatihan, atau kegiatan sejenis,                     d. Equipment or supplies provided to participants in official
    yang berlaku umum;                                                              activities such as seminars, workshops, conferences,
e. Hadiah tidak dalam bentuk uang atau alat tukar lainnya,                          training, or similar activities that generally applicable;
    yang dimaksudkan sebagai alat promosi atau sosialisasi                      e. Gifts that are not in the form of money or other means
    yang menggunakan logo atau pesan sosialisasi,                                   of exchange, which are intended as promotional or
    sepanjang tidak memiliki konflik kepentingan dan                                socialization tools that use logos or socialization
    berlaku umum;                                                                   messages, as long as they do not have a conflict of
f. Hadiah, apresiasi atau penghargaan dari kejuaraan,                               interest and are generally applicable;
    perlombaan atau kompetisi yang diikuti dengan biaya                         f. Prizes, appreciation or awards from championships, races
    sendiri dan tidak terkait dengan kedinasan;                                     or competitions that are participated in at their own
g. Penghargaan baik berupa uang atau barang yang ada                                expense and are not related to the office;
    kaitannya dengan peningkatan prestasi kerja yang                            g. Awards in the form of money or goods related to
    diberikan oleh pemerintah sesuai dengan peraturan                               improving work performance given by the government in
    perundang-undangan yang berlaku;                                                accordance with applicable laws and regulations;
h. Hadiah langsung/undian, diskon/rabat, voucher, point                         h. Direct gifts/draws, discounts/rebates, vouchers, point
    rewards, atau suvenir yang berlaku umum dan tidak                               rewards, or souvenirs that are generally applicable and
    terkait kedinasan;                                                              not related to the office;
i. Kompensasi atau honor atas profesi diluar kegiatan                           i. Compensation or honorarium for professions beyond
    kedinasan yang tidak terkait dengan tugas dan kewajiban,                        official activities that are not related to duties and




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     sepanjang tidak terdapat konflik kepentingan dan                  obligations, as long as there is no conflict of interest and
     tidak melanggar peraturan/kode etik pegawai/pejabat               does not violate the regulations/code of ethics of the
     yang bersangkutan;                                                employee/official concerned;
  j. Kompensasi yang diterima terkait kegiatan kedinasan            j. Compensation received related to official activities such
     seperti honorarium, transportasi, akomodasi dan                   as honorarium, transportation, accommodation, and
     pembiayaan yang telah ditetapkan dalam standar biaya              financing that has been determined in the applicable
     yang berlaku di instansi penerima Gratifikasi sepanjang           cost standards in the recipient agency of the Gratification
     tidak terdapat pembiayaan ganda, tidak terdapat konflik           as long as there is no double financing, no conflict of
     benturan kepentingan, dan tidak melanggar ketentuan               interest, and does not violate the applicable provisions in
     yang berlaku di instansi penerima;                                the recipient agency;
  k. Karangan bunga sebagai ucapan yang diberikan dalam             k. Bouquets of flowers as greetings given in events such
     acara seperti pertunangan, pernikahan, kelahiran,                 as engagement, marriage, birth, death, aqiqah, baptism,
     kematian, akikah, baptis, khitanan, potong gigi, atau             circumcision, tooth cutting, or other traditional/religious
     upacara adat/agama lainnya, pisah sambut, pensiun,                ceremonies, farewell, retirement, promotion;
     promosi jabatan;                                               l. Gifts related to engagement, marriage, birth, aqiqah,
  l. Pemberian terkait dengan pertunangan, pernikahan,                 baptism, circumcision, tooth cutting, or other
     kelahiran, akikah, baptis, khitanan, potong gigi, atau            traditional/religious ceremonies with a value limit of
     upacara adat/agama lainnya dengan batasan nilai                   IDR1,000,000.00 (one million rupiah) per giver;
     sebesar Rp1.000.000,00 (satu juta rupiah) setiap               m. Gifts related to calamities or disasters experienced by
     pemberi;                                                          the recipient of the Gratification, husband, wife, child,
  m. Pemberian terkait dengan musibah atau bencana yang                father, mother, father-in-law, and/or son-in-law of the
     dialami oleh diri penerima Gratifikasi, suami, istri,             recipient of the Gratification as long as there is no
     anak, bapak, ibu, mertua, dan/atau menantu penerima               conflict of interest, as well as fair and proper;
     Gratifikasi sepanjang tidak terdapat konflik kepentingan,      n. Gifts from fellow coworkers in the context of welcome or
     dan memenuhi kewajaran atau kepatutan;                            farewells, retirements, job transfers, or birthdays that are
  n. Pemberian sesama rekan kerja dalam rangka pisah                   not in the form of money or other means of exchange at
     sambut, pensiun, mutasi jabatan, atau ulang tahun yang            a maximum of IDR300,000.00 (three hundred thousand
     tidak dalam bentuk uang atau alat tukar lainnya paling            rupiah) per gift per person, with a total gift not exceeding
     banyak senilai Rp300.000,00 (tiga ratus ribu rupiah)              IDR1,000,000.00 (one million rupiah) in 1 (one) year
     setiap pemberian per orang, dengan total pemberian                from the same giver, as long as there is no conflict
     tidak melebihi Rp1.000.000,00 (satu juta rupiah) dalam            of interest;
     1 (satu) tahun dari pemberi yang sama, sepanjang tidak         o. Gifts from fellow coworkers that are not in the form of
     terdapat konflik kepentingan;                                     money or other means of exchange, and are not related
  o. pemberian sesama rekan kerja yang tidak dalam bentuk              to the office at a maximum of IDR200,000.00 (two
     uang atau alat tukar lainnya, dan tidak terkait kedinasan         hundred thousand rupiah) per gift per person, with a total
     paling banyak senilai Rp200.000,00 (dua ratus ribu                gift not exceeding IDR1,000,000.00 (one million rupiah)
     rupiah) setiap pemberian per orang, dengan total                  in 1 (one) year from the same giver;
     pemberian tidak melebihi Rp1.000.000,00 (satu juta             p. Gifts in the form of feast or dishes that are
     rupiah) dalam 1 (satu) tahun dari pemberi yang sama;              generally accepted;
  p. pemberian berupa hidangan atau sajian yang                     q. Gifts of souvenirs/plaques to agencies in the context of
     berlaku umum;                                                     official and state relations, both domestically and abroad
  q. pemberian cendera mata/plakat kepada instansi dalam               as long as they are not given to individual civil servants
     rangka hubungan kedinasan dan kenegaraan, baik                    or state administrators.
     di dalam negeri maupun luar negeri sepanjang tidak
     diberikan untuk individu pegawai negeri




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Penerimaan Gratifikasi yang telah diputuskan milik Perseroan                    Received Gratuities that have been decided to belong to the
memiliki alternatif pemanfaatan yaitu:                                          Company have alternative utilization, namely:
1. Dikembalikan kepada Pemberi Gratifikasi;                                     1. Returned to the Giver of Gratification;
2. Disumbangkan kepada Yayasan Sosial atau Lembaga                              2. Donated to a Social Foundation or other
   Sosial lainnya;                                                                 Social Institution;
3. Dimanfaatkan oleh Perusahaan untuk kegiatan                                  3. Utilized by the Company for operational activities,
   operasional, untuk perpustakaan atau untuk barang                               for libraries or for display items of the Gratification
   display hasil pelaporan Gratifikasi;                                            reporting products;
4. Diserahkan kepada Insan Tugu/Unit Kerja untuk                                4. Handed over to Tugu Personnel/Work Units to be utilized
   dimanfaatkan sebagai penunjang kinerja;                                         as performance support;
5. Lainnya yang ditentukan oleh Direksi.                                        5. Others as determined by the Board of Directors.

Pedoman Gratifikasi ini berlaku mengikat bagi seluruh                           The Gratification Guideline is binding all Tugu Personnel with
Insan Tugu dengan kewajiban pelaporan mengikat kepada                           binding reporting obligations to the Person Obliged to Report
Wajib Lapor Gratifikasi. Pelanggaran terhadap Pedoman                           Gratification. Violation of the Gratification Guideline will be
Gratifikasi akan dikenakan sanksi yang berlaku di Perseroan                     subject to sanctions that apply in the Company and have the
dan berpotensi dikenakan tindak pidana sesuai dengan                            potential to be subject to criminal acts in accordance with
peraturan perundang-undangan yang berlaku.                                      the applicable laws and regulations.



Pemberian Gratifikasi atas Permintaan Pihak Ketiga                              Giving Gratification at the Request of a Third Party

Seluruh Insan Tugu dan/atau anggota keluarga inti dilarang                      All Tugu Personnel and/or immediate family members are
memberi Gratifikasi kepada Pihak Ketiga, baik secara                            prohibited from giving Gratification to Third Parties, either
langsung maupun tidak langsung, yang dilakukan karena                           directly or indirectly, requested by the parties concerned.
adanya permintaan dari Pihak Ketiga tersebut.

Batasan Atas Pemberian Gratifikasi yang                                         Limitations on the Gifting of Gratuities Based on
Berdasarkan Permintaan Pihak Ketiga                                             Third Party Requests

1. Insan Tugu apabila diminta untuk memberikan hadiah/                          1. If Tugu Personnel being asked to give gifts/souvenirs
   cinderamata dan hiburan (entertainment) hendaknya                               and entertainment should refuse politely by providing an
   menolak secara sopan dan santun dengan memberikan                               explanation of the Gratuities policy and regulation applied
   penjelasan mengenai kebijakan dan aturan terkait                                in the Company to the recipient. This explanation can
   Gratifikasi yang berlaku di Perusahaan kepada Penerima                          be conveyed with the assistance of UPG Tugu Insurance
   tersebut. Pemberian penjelasan ini dapat disampaikan                            which also become a socialization on Gratification policy;
   dengan bantuan dari UPG Tugu Insurance sekaligus juga                        2. If the request leads to extortion and/or coercion that
   merupakan salah satu bentuk sosialisasi atas kebijakan                          can affect the Company's operational and business
   Gratifikasi tersebut;                                                           processes, in particular the Person Obliged to Report
2. Apabila permintaan dimaksud mengarah kepada                                     Gratuities must immediately report it to the Direct
   pemerasan dan/atau pemaksaan yang dapat                                         Supervisor and then can fill in through the application in
   mempengaruhi kelancaran proses operasional dan                                  the Compliance Online System and/or through electronic
   bisnis Perusahaan, khususnya Wajib Lapor Gratifikasi                            mail (e-mail) to the Tugu Insurance UPG;
   yang bersangkutan wajib segera melaporkannya kepada                          3. The Direct Supervisor of the Tugu Personnel concerned
   Atasan Langsung lalu dapat mengisi melalui aplikasi                             should immediately coordinate the issue with top
   dalam Compliance Online System dan/atau melalui                                 management to make a decision on the action taken to
   sarana elektronik (e-mail) kepada UPG Tugu Insurance;                           follow up the request. If there is any doubt in decision-
3. Atasan Langsung Insan Tugu yang bersangkutan agar                               making, the top management should reports the issue
   segera mengkoordinasikan permasalahan tersebut                                  to the management above them, with copies to the
   dengan pimpinan tertinggi untuk mendapatkan                                     Compliance function.
   keputusan mengenai tindakan yang akan diambil
   untuk menindaklanjuti permintaan tersebut. Apabila
   menghadapi keraguan dalam pengambilan keputusan,
   maka pimpinan tertinggi melaporkan hal tersebut kepada
   pimpinan yang lebih tinggi diatasnya dengan tembusan
   kepada fungsi Compliance.


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      1    Kilas Kinerja         2   Laporan Manajemen      3    Profil Perusahaan     4   Analisis dan Pembahasan Manajemen
           Performance Review        Management Report           Company Profile           Management Discussion and Analysis




          12.B.
  Kebijakan Pengadaan Barang dan Jasa
  Goods and Services Procurement Policy



  Tugu Insurance melaksanakan proses pengadaan barang               Tugu Insurance has conducted goods and services
  dan jasa bagi penyedia barang dan jasa yang memenuhi              procurement process that fulfill the requirements. The
  persyaratan. Proses pengadaan dilakukan melalui                   procurement process is carried out through fair competition
  persaingan yang sehat dan wajar di antara penyedia barang         among goods/service suppliers and fulfills certain conditions
  dan jasa serta memenuhi syarat tertentu berdasarkan               based on clear and transparent terms and procedures. The
  ketentuan dan prosedur yang jelas dan transparan.                 implementation of procurement process management is
  Penerapan manajemen proses pengadaan berdasarkan                  based on 9 main principles, including: Effective, Economical,
  9 prinsip utama, meliputi: Efektif, Ekonomis, Transparan,         Transparent, Responsible, Efficient, Competitive, Fair,
  Bertanggung Jawab, Efisien, Kompetitif, Adil, Kehati-hatian,      Prudent, and Independent.
  dan Kemandirian.

  Pedoman Pengadaan Produk dan Jasa                                 Guideline for Goods and Services Procurement

  Dalam rangka menciptakan iklim persaingan yang sehat,             To create a fair, orderly, and controlled climate of
  tertib, dan terkendali, Tugu Insurance juga telah memiliki        competition, Tugu Insurance also has Goods and Services
  Pedoman Pengadaan Barang dan Jasa yang berisi kebijakan           Procurement Guidelines that contain general policies related
  umum terkait proses pengadaan barang dan jasa dimana              to the procurement process of goods and services where the
  pengadaan barang dan jasa di masing-masing unit dilakukan         procurement of goods and services in each unit is conducted
  oleh Fungsi Pengadaan atau tim tender secara efektif,             by the Procurement Function or auction committee in an
  efisien, dan ekonomis. Kebijakan tersebut juga dalam              effective, efficient, and economical manner. The policy is
  rangka mempercepat proses pengambilan keputusan                   also intended to speeding up the decision-making process
  dan meningkatkan profesionalisme, kemandirian, dan                and improving the professionalism, independence and
  tanggung jawab para perencana, pelaksana serta pengawas           responsibility of the planners, executors, and supervisors of
  pengadaan barang dan jasa.                                        the procurement of goods and services.




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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Etika Pengadaan Barang dan Jasa                                                 Ethics of Goods and Services Procurement

Segenap elemen yang terlibat dalam pengadaan barang dan                         All elements involved in the procurement of goods and
jasa harus senantiasa mematuhi rambu-rambu yang telah                           services must always comply with the guidelines set by the
ditentukan Perseroan dan mematuhi etika pengadaan barang                        Company and comply with the ethics of the procurement of
dan jasa sebagai berikut:                                                       goods and services as follows:
• Melaksanakan secara tertib, penuh rasa tanggung jawab,                        • Implement in an orderly manner and full of
    demi kelancaran dan ketepatan tercapainya tujuan                                sense of responsibility, to ensure the ease and
    pengadaan barang dan jasa;                                                      accuracy in achieving the objectives of goods and
• Bekerja secara profesional dengan menjunjung tinggi                               services procurement;
    kejujuran, kemandirian, dan menjaga informasi yang                          • Work professionally while upholding the principles
    bersifat rahasia;                                                               of honesty, independence, and maintaining
• Tidak saling mempengaruhi baik langsung maupun                                    confidential information;
    tidak langsung, yang mengakibatkan persaingan yang                          • Do not influence each other either directly or indirectly,
    tidak sehat, penurunan kualitas proses pengadaan dan                            which caused an unfair competition, decrease in the
    hasil pekerjaan;                                                                quality of the procurement process and work results;
• Bertanggung jawab terhadap segala keputusan yang                              • Be responsible for all decisions made based on
    ditetapkan sesuai dengan kewenangannya;                                         the authority;
• Mencegah terjadinya pertentangan kepentingan (conflict                        • Prevent any conflict of interests from the parties involved
    of interest) pihak-pihak yang terlibat langsung maupun                          directly or indirectly in the procurement process.
    tidak langsung dalam proses pengadaan barang                                • Prevent the Company from financial leakage or loss;
    dan jasa;                                                                   • Do not abuse the authority nor conduct any action
• Mencegah terjadinya kebocoran keuangan dan                                        collectively with the aim of personal, group or other
    kerugian Perusahaan;                                                            parties’ benefits that directly or indirectly harm
• Tidak menyalahgunakan wewenang dan melakukan                                      the Company.
    kegiatan bersama dengan tujuan untuk keuntungan
    pribadi, golongan atau pihak lain yang secara langsung
    atau tidak langsung merugikan Perusahaan.




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      1    Kilas Kinerja         2   Laporan Manajemen     3    Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
           Performance Review        Management Report          Company Profile            Management Discussion and Analysis




          12.C.
  Laporan Harta Kekayaan Penyelenggara Negara (LHKPN)
  Report of State Official Assets (LHKPN)



  Prinsip Dasar LHKPN                                              Basic Principles of LHKPN

  Laporan Harta Kekayaan Penyelenggara Negara (LHKPN)              Report of State Official Assets (LHKPN) is a list of all the
  merupakan daftar seluruh harta kekayaan Penyelenggara            assets of the State Officials as outlined in the LHKPN form
  Negara yang dituangkan dalam formulir LHKPN yang                 determined by the Corruption Eradication Commission
  ditetapkan oleh KPK sebagaimana yang diatur dalam                ("KPK") as regulated in the KPK Regulation No. 2 of 2020
  Peraturan Komisi Pemberantasan Korupsi (“KPK”) No. 2             concerning Amendments to the Corruption Eradication
  Tahun 2020 tentang Perubahan atas Peraturan KPK No. 7            Commission Regulation No. 7 of 2016 concerning
  Tahun 2016 tentang Tata Cara Pendaftaran, Pemeriksaan            Procedures for Registration, Examination, and Announcement
  dan Pengumuman Laporan Harta Kekayaan Penyelenggara              of the Report of State Official Assets. In addition, Law No.
  Negara. Di samping itu, Undang-Undang No. 28 Tahun 1999          28 of 1999 concerning State Administrators Who are Clean
  tentang Penyelenggara Negara yang Bersih dan Bebas               and Free from Corruption, Collusion and Nepotism (“Law No.
  dari Korupsi, Kolusi, dan Nepotisme (“UU No 28/1999”),           28/1999”), mandates that each State Officials are required
  mengamanatkan bahwa setiap Penyelenggara Negara wajib            to report and announce their Assets before and after
  melaporkan dan mengumumkan Harta Kekayaannya sebelum             taking office.
  dan setelah memangku jabatannya.

  Berdasarkan Undang-undang No. 28/1999, Penyelenggara             Based on Law No. 28/1999, State Officers are State
  Negara adalah Pejabat Negara yang menjalankan                    Officials who carry out executive, legislative, or judicial
  fungsi eksekutif, legislatif, atau yudikatif, dan pejabat        functions, and other officials whose main functions and
  lain yang fungsi dan tugas pokoknya berkaitan dengan             duties are related to the administration of the state in
  penyelenggaraan negara sesuai dengan ketentuan                   accordance with the provisions of prevailing laws and
  peraturan perundang-undangan yang berlaku. Pemeriksaan           regulations. LHKPN examination submitted to the KPK
  LHKPN yang disampaikan kepada KPK bertujuan untuk                aims to realize the State Officers who adhere to the
  mewujudkan Penyelenggara Negara yang menaati asas-               general principles of state management that are free
  asas umum penyelenggara negara yang bebas dari praktik           from corruption, collusion, and nepotism, as well as other
  korupsi, kolusi, dan nepotisme, serta perbuatan tercela          misconduct. Each State Official is required to report their
  lainnya. Setiap Penyelenggara Negara dituntut untuk              wealth through the LHKPN form provided by KPK to be filled
  melaporkan kekayaannya melalui formulir LHKPN yang               fairly, correctly, and completely, so that the KPK can analyze,
  telah disediakan KPK untuk diisi secara jujur, benar, dan        evaluate, and assess the entire amount, type, and value of
  lengkap, agar KPK dapat menganalisis, mengevaluasi, serta        the reported assets, correctly, quickly, precisely, accurately
  menilai atas seluruh jumlah, jenis dan nilai harta kekayaan      and responsibly.
  yang dilaporkan, secara benar, cepat, tepat, akurat dan
  bertanggung jawab.

  Berdasarkan Surat Edaran KPK No. SE-08/01/10/2016                Based on the KPK Circular Letter No. SE-08/01/10/2016
  tentang Petunjuk Teknis Penyampaian dan Pengelolaan              concerning Technical Guidelines for Submitting and Managing
  Laporan Harta Kekayaan Penyelenggara Negara setelah              the Report of State Officials Assests after the enactment
  diberlakukannya Peraturan KPK No. 07 Tahun 2016 tentang          of KPK Regulation No. 07 of 2016 regarding Registration
  Tata Cara Pendaftaran, Pengumuman dan Pemeriksaan                Procedures, Announcement, and Examination of State
  Harta Kekayaan Penyelenggara Negara, penyampaian LHKPN           Officials Assets, the submission of LHKPN as of 1 January
  terhitung sejak tanggal 1 Januari 2017 dilaksanakan secara       2017 is done electronically through the e-LHKPN application.
  elektronik melalui aplikasi e-LHKPN.




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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Dasar Hukum Penerapan LHKPN di Tugu Insurance                                   Legal Basis for the Implementation of LHKPN in
                                                                                Tugu Insurance

Penerapan LHKPN di Tugu Insurance dilaksanakan dengan                           The implementation of LHKPN at Tugu Insurance is
mengacu pada beberapa dasar hukum dan peraturan                                 performed by referring to several laws and regulations as the
sebagai landasan cara pandang penerapan LHKPN di                                basis for the perspective of LHKPN implementation within
lingkungan Perusahaan. Dasar hukum tersebut antara                              the Company. The legal basis include:
lain adalah:
• Undang-Undang No. 28 Tahun 1999 tentang                                       • Law No. 28 of 1999 concerning State Officials that are
    Penyelenggara Negara yang Bersih dan Bebas dari                               Clean and Free from Corruption, Collusion, and Nepotism;
    Korupsi, Kolusi, dan Nepotisme;                                             • Law No. 31 of 1999 concerning the Eradication of
• Undang-Undang No. 31 Tahun 1999 tentang                                         Criminal Acts of Corruption as amended by Law No. 20
    Pemberantasan Tindak Pidana Korupsi sebagaimana                               of 2001 concerning Amendments to Law No. 31 of 1999
    telah diubah dengan Undang-Undang No. 20 Tahun 2001                           concerning the Eradication of Criminal Acts of Corruption;
    tentang Perubahan atas Undang-Undang No. 31 Tahun                           • Law No. 30 of 2002 concerning the Corruption
    1999 tentang Pemberantasan Tindak Pidana Korupsi;                             Eradication Commission as last amended by Law
• Undang-Undang No. 30 Tahun 2002 tentang Komisi                                  No. 19 of 2019 concerning the Second Amendment
    Pemberantasan Tindak Pidana Korupsi sebagaimana                               to Law No. 30 of 2002 concerning the Corruption
    terakhir kali diubah dengan Undang-Undang No. 19 Tahun                        Eradication Commission;
    2019 tentang Perubahan Kedua atas Undang-Undang No.                         • KPK Regulation No. 7 of 2016 concerning Procedures for
    30 Tahun 2002 tentang Komisi Pemberantasan Tindak                             Registration, Announcement and Examination of State
    Pidana Korupsi;                                                               Officials’ Assets as amended by KPK Regulation No.
• Peraturan KPK No. 7 Tahun 2016 tentang Tata Cara                                2 of 2020 concerning Amendments to KPK Regulation
    Pendaftaran, Pengumuman dan Pemeriksaan Harta                                 No. 7 of 2016 concerning Procedures for Registration,
    Kekayaan Penyelenggara Negara sebagaimana telah                               Announcement and Examination of State Officials’
    diubah dengan Peraturan KPK No. 2 Tahun 2020                                  Assets;
    tentang Perubahan atas Peraturan KPK No. 7 Tahun                            • Pertamina’s Decree No. Kpts-03/C000000/2021-S0
    2016 tentang Tata Cara Pendaftaran, Pengumuman dan                            dated 1 February 2021 regarding the Obligation to
    Pemeriksaan Harta Kekayaan Penyelenggara Negara;                              Submit Report of State Official Assets (LHKPN) at PT
• Surat Keputusan Pertamina No. Kpts-03/                                          Pertamina (Persero) and its Subsidiaries;
    C000000/2021-S0 tanggal 1 Februari 2021 tentang                             • Decree of the Board of Directors No. 59/SKD/06/ERL-
    Kewajiban Penyampaian Laporan Harta Kekayaan                                  ATPI/VI/2021 concerning Compulsory Reporting on the
    Penyelenggara Negara (LHKPN) di PT Pertamina (Persero)                        Report of State Official Assets (LHKPN) of PT Asuransi
    dan Anak Perusahaan;                                                          Tugu Pratama Indonesia Tbk;
• Surat Keputusan Direksi No. 59/SKD/06/ERL-ATPI/                               • Collective Labor Agreement (PKB) of PT Asuransi Tugu
    VI/2021 tentang Wajib Lapor atas Laporan Harta                                Pratama Indonesia Tbk.
    Kekayaan Penyelenggara Negara (LHKPN) PT Asuransi
    Tugu Pratama Indonesia Tbk;
• Perjanjian Kerja Bersama (PKB) PT Asuransi Tugu
    Pratama Indonesia Tbk.

Pedoman LHKPN                                                                   LHKPN Guideline

Tugu Insurance telah memiliki Pedoman Kewajiban                                 Tugu Insurance has a Guideline on the Obligation to
Melaporkan Harta Kekayaan Penyelenggara Negara                                  Report of State Officials’ Assets (LKHPN Guidelines)
(Pedoman LHKPN) yang bertujuan untuk memberikan                                 aimed at providing a reference for Tugu Personnel on
acuan bagi Insan Tugu mengenai pelaksanaan Pendaftaran,                         the implementation of Electronic LHKPN Registration,
Pengumuman dan Pemeriksaan LHKPN secara elektronik                              Announcement and Examination (e-LHKPN). The LHKPN
(e-LHKPN). Pedoman LHKPN yang saat ini berlaku adalah                           guidelines currently in effect are the guidelines ratified
pedoman yang disahkan melalui Surat Keputusan Direksi                           through the Decree of the Board of Directors (SKD) No. 12/
(SKD) No. 12/SKD/CSG/TPI/II/2018 Tanggal 7 Februari                             SKD/CSG/TPI/II/2018 dated 7 February 2018 which has
2018 dan telah dilakukan revitalisasi melalui SKD No.                           been revitalized through SKD No. 68/SKD/06/ERL-ATPI/
68/SKD/06/ERL-ATPI/IX/2021 ditetapkan tanggal 28                                IX/2021 on 28 September 2021 for the enforcement of




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      1   Kilas Kinerja          2   Laporan Manajemen    3     Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report          Company Profile            Management Discussion and Analysis




  September 2021 untuk pemberlakuan Pedoman Kewajiban              Guideline for Submission of the Report of State Officials
  Penyampaian Laporan Harta Kekayaan Penyelenggara                 Assets (LHKPN) No. A-004/6500/2021 1st revision (LHKPN
  Negara (LHKPN) No. A-004/6500/2021 revisi ke-1                   Guidelines). The LKHPN Guideline regulates, among others,
  (Pedoman LHKPN). Pedoman LHKPN antara lain mengatur              officials who are required to report LKHPN, the time and
  tentang pejabat yang wajib lapor LHKPN, waktu dan tata           procedure for submitting LKHPN, and the mechanism for
  cara penyampaian LHKPN, dan mekanisme penyampaian                delivering e-LHKPN, as well as sanctions.
  e-LHKPN, serta sanksi.

  Penerapan LHKPN di Tugu Insurance                                Implementation of LHKPN in Tugu Insurance

  Unit pengelola pelaksanaan LHKPN di lingkup Perusahaan           The management unit of LHKPN implementation within the
  dilakukan oleh fungsi Compliance. Adapun pejabat yang wajib      Company is conducted by the Compliance function. The
  lapor LHKPN adalah:                                              officials who are obliged to report LHKPN are:
  1. Dewan Komisaris;                                              1. Board of Commissioners;
  2. Dewan Pengawas Syariah;                                       2. Sharia Supervisory Board;
  3. Direksi;                                                      3. Board of Directors;
  4. Corporate Secretary/Deputy Director/Chief/                    4. Corporate Secretary/Deputy Director/Chief/equivalent
      jabatan setingkat;                                               position;
  5. Group Head;                                                   5. Group Head;
  6. Department Head;                                              6. Department Head;
  7. Manager/jabatan setingkat;                                    7. Manager/equivalent position;
  8. Kepala Kantor Cabang sesuai dengan Surat Keputusan            8. Branch Office Head according to the applicable Board of
      Direksi yang berlaku.                                            Directors Decision Letter.

  Waktu dan tata cara penyampaian LHKPN:                           The time and procedure for submitting LHKPN:
  1. Pejabat Wajib Lapor menyampaikan LHKPN kepada KPK             1. Officials must report LHKPN to KPK upon:
     yaitu pada saat:                                                 • First appointment;
     • Pengangkatan pertama kali;                                     • Reappointment;
     • Pengangkatan kembali;                                          • Expiry of term of office and retirement.
     • Berakhirnya masa jabatan dan pensiun.                       2. Submission of the LHKPN shall be made no later than 3
  2. Penyampaian LHKPN tersebut dilakukan paling lambat 3             (three) months from the time of the first appointment/
     (tiga) bulan terhitung sejak saat pengangkatan pertama/          reappointment/end of office term;
     pengangkatan kembali/berakhirnya masa jabatan;                3. Submission of LHKPN during the serving time of the
  3. Penyampaian LHKPN selama Wajib Lapor menjabat                    Person Obliged to Report is held periodically every year
     dilakukan secara periodik setiap 1 (satu) tahun sekali           on the assets acquired from 1 January to 31 December
     atas harta kekayaan yang diperoleh sejak tanggal 1               which is submitted no later than 31 March of the
     Januari sampai dengan tanggal 31 Desember yang                   following year.
     disampaikan dalam jangka waktu paling lambat tanggal
     31 Maret tahun berikutnya.

  Sanksi                                                           Sanction

  Dalam hal Penyelenggara Negara tidak melaporkan e-LHKPN          In the event the State Officials does not report the e-LHKPN
  atau tidak memenuhi kewajibannya terkait penyampaian             or does not fulfill its obligations related to the LHKPN
  LHKPN, maka Perseroan dapat memberikan sanksi kepada             submission, the Company may impose sanctions on the
  Penyelenggara Negara sesuai dengan ketentuan yang                State Officials in accordance with the applicable regulation in
  berlaku di Perseroan.                                            the Company.




424       LAPORAN TAHUNAN 2023                                                                 PT Asuransi Tugu Pratama Indonesia Tbk
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5    Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
     Corporate Governance                    Corporate Social Responsibility                   Audited Report




    12.D.
Pelatihan/Sosialisasi Antikorupsi kepada Karyawan
Training/Socialization of Anti-Corruption to Employees



Tugu Insurance melaksanakan sosialisasi dan internalisasi                       Tugu Insurance organizes socialization and internalization
komitmen anti korupsi untuk seluruh karyawan di setiap                          of the Anti-Corruption Commitment for all employees at
jenjang organisasi. Kegiatan sosialisasi dan internalisasi anti                 every level of the organization. Anti-Corruption socialization
korupsi ini dilakukan melalui tatap muka, email blast, akses                    and internalization activities are done through face-to-face,
melalui portal GCG, broadcast message melalui Whatsapp                          email blasts, access through the GCG portal, broadcast
Compliance kepada Insan Tugu, dan sosialisasi melalui                           messages via Whatsapp Compliance to Tugu Personnel, and
media online seperti Zoom Meeting serta Microsoft Teams                         socialization through online media such as Zoom Meetings
(“MTeams”) dengan beberapa kegiatan sebagai berikut:                            and Microsoft Teams (“MTeams”) with several activities
1. Pelatihan/Sosialisasi Efektivitas Pengendalian &                             as follows:
    Penerapan Anti Fraud pada Industri Asuransi di Era                          1. Training/Socialization on the Effectiveness of Anti-Fraud
    Digitalisasi yang diselenggarakan oleh fungsi Compliance                        Control & Implementation in the Insurance Industry in the
    bersama dengan fungsi Internal Audit;                                           Digitalization Era organized by the Compliance function
2. Pelatihan/Sosialisasi Dukungan Regulasi Anti Pencucian                           together with the Internal Audit;
    Uang dan Pencegahan Pendanaan Terorisme (APU PPT)                           2. Training/Socialization of Anti-Money Laundering and
    dalam Tindak Kejahatan Cybercrime dan Implementasi                              Combating the Financing of Terrorism (AML CFT) in
    Know Your Customer (KYC) pada Perusahaan Asuransi                               Cybercrime and Implementation of Know Your Customer
    yang diselenggarakan oleh fungsi Compliance;                                    (KYC) in Insurance Companies organized by the
3. Pelatihan/Sosialisasi Pengendalian Gratifikasi dan                               Compliance function;
    Pencegahan Korupsi yang diselenggarakan oleh                                3. Training/Socialization of Gratification Control and
    fungsi Compliance.                                                              Corruption Prevention organized by the Compliance
                                                                                    function.

Insan Tugu juga menerapkan media sosialisasi lainnya,                           In addition, Tugu Personnel also implement other forms
seperti pemasangan banner-banner terkait antikorupsi (do                        of socialization, such as the installation of anti-corruption
and don’t Code of Conduct, Gratifikasi, dan Whistleblowing                      banners (do and don’t Code of Conduct, Gratification, and
System) pada tempat-tempat yang strategis dilalui oleh Insan                    Whistleblowing System) in strategic places traversed by
Tugu. Pemasangan banner terkait anti korupsi ini selain                         Tugu Personnel. The installation of banners related to
dilakukan di kantor pusat juga di kantor cabang dan Point                       anti-corruption is not only carried out at the head office
of Sales Service (PoSS) Tugu Insurance. Usaha preventif                         but also at branch offices and Tugu Insurance’s Point of
juga dilanjutkan melalui pemuatan pengumuman penolakan                          Sales Service (POSS). The Company also continues posting
praktik gratifikasi di website perusahaan saat menjelang hari                   announcements on the rejection of the gratification practice
besar perayaan agama.                                                           on the Company’s website prior to religious holidays.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                 ANNUAL REPORT 2023        425
Page 428
      1    Kilas Kinerja          2   Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
           Performance Review         Management Report                 Company Profile                 Management Discussion and Analysis




                    Kesesuaian Penerapan Tata kelola
          13.
                    Tugu Insurance Terhadap Pedoman
                    Tata Kelola Perusahaan Terbuka
                    Conformity of Tugu Insurance GCG Implementation with
                    the Governance Guidelines for Public Companies



  Sebagai Perusahaan Terbuka, Tugu Insurance berkomitmen                   Tugu Insurance as a Public Company is committed to
  menerapkan Pedoman Tata Kelola Perusahaan Terbuka                        implementing the Governance Guidelines for Public Company
  yang mencakup 5 (lima) aspek, 8 (delapan) prinsip tata                   which comprise 5 (five) aspects, 8 (eight) principles of good
  kelola perusahaan yang baik, serta 25 (dua puluh lima)                   corporate governance, and 25 (twenty-five) recommendations
  rekomendasi penerapan aspek dan prinsip tata kelola                      for the implementation of aspects and principles of good
  perusahaan yang baik, sebagaimana yang diatur dalam                      corporate governance, as stipulated in OJK Regulation
  Peraturan OJK No. 21/POJK.04/2015 tentang Penerapan                      No. 21/POJK.04/2015 concerning Implementation of
  Pedoman Tata Kelola Perusahaan Terbuka dan Surat Edaran                  Governance Guidelines for Public Companies and OJK
  OJK No. 32/ SEOJK.04/2015 tentang Pedoman Tata Kelola                    Circular Letter No. 32/SEOJK.04/2015 concerning
  Perusahaan Terbuka.                                                      Governance Guidelines for Public Companies.

  Penerapan Pedoman Tata Kelola Perusahaan Terbuka di                      Implementation of the Governance Guidelines for Public
  lingkup Perseroan pada tahun 2023, sebagai berikut:                      Companies at Tugu Insurance in 2023 is as follows:


  Aspek I. Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-hak Pemegang Saham
  Aspect I. Relationship of Publicly Listed Company with Shareholders in Guaranteeing Shareholders Rights.


                 Prinsip                            Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                 Principle                         Recommendation                                    Compliance: Comply or Explain
      Prinsip 1                   1.1. Perusahaan Terbuka memiliki cara atau prosedur       MEMENUHI
      Meningkatkan Nilai               teknis pengumpulan suara (voting) baik secara        Perseroan telah memiliki cara atau prosedur teknis
      Penyelenggaraan RUPS.            terbuka maupun tertutup yang mengedepankan           pengumpulan suara (voting) baik secara terbuka
                                       independensi, dan kepentingan pemegang               maupun tertutup yang mengedepankan independensi,
      Principle 1                      saham.                                               dan kepentingan pemegang saham dan dibacakan
      Increase the Value of GMS                                                             kepada pemegang saham pada tata tertib RUPS.
      Holding.                         Public Company has technical procedures for
                                       open or close voting that promote independence       COMPLY
                                       and the interests of shareholders.                   The Company has technical methods or procedures
                                                                                            for voting, both open or close voting which prioritize
                                                                                            independence and the interests of shareholders and
                                                                                            are read out to shareholders in the GMS rules.
                                  1.2. Seluruh anggota Direksi dan anggota Dewan            MEMENUHI,
                                       Komisaris Perusahaan Terbuka hadir dalam             Seluruh anggota Direksi dan anggota Dewan Komisaris
                                       RUPST.                                               Tugu Insurance hadir dalam RUPST.

                                       All members of the Board of Directors and Board      COMPLY,
                                       of Commissioners of Public Company attend the        All members of the Board of Directors and members
                                       AGMS.                                                of the Board of Commissioners of Tugu Insurance were
                                                                                            present at the AGMS.
                                  1.3. Ringkasan risalah RUPS tersedia dalam Situs          MEMENUHI
                                       Web Perusahaan Terbuka paling sedikit selama 1       Tugu Insurance telah menyediakan Ringkasan Risalah
                                       (satu) tahun.                                        RUPS dalam Situs Perusahaan www.tugu.com.

                                       Summary minutes of the AGMS are available on         COMPLY,
                                       the website of the Public Company for at least 1     Tugu Insurance has provided a summary of the GMS
                                       (one) year.                                          Minutes on the Company Website at www.tugu.com.




426       LAPORAN TAHUNAN 2023                                                                               PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan              7    Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                    Audited Report




           Prinsip                                    Rekomendasi                                    Pemenuhan: Terpenuhi atau Jelaskan
           Principle                                 Recommendation                                     Compliance: Comply or Explain
 Prinsip 2                         2.1. Perusahaan Terbuka memiliki suatu kebijakan            MEMENUHI,
 Meningkatkan Kualitas                  komunikasi dengan pemegang saham atau                  Perseroan telah memiliki kebijakan komunikasi dengan
 Komunikasi Perusahaan                  investor.                                              pemegang saham atau investor.
 Terbuka dengan Pemegang
 Saham atau Investor.                    Public Company has a communication policy with        COMPLY,
                                         shareholders or investors.                            The Company has a communication policy with
 Principle 2                                                                                   shareholders or investors.
 Increase the Quality of Public    2.2. Perusahaan Terbuka mengungkapkan kebijakan             MEMENUHI
 Company’s Communications               komunikasi Perusahaan Terbuka dengan                   Kebijakan komunikasi dengan pemegang saham
 with Shareholders or Investors.        pemegang saham atau investor dalam Situs Web.          atau investor Perseroan dapat diakses pada website
                                                                                               Perusahaan www.tugu.com.
                                         Public Company discloses the communication
                                         policy with shareholders or investors on the          COMPLY,
                                         Website.                                              The Company's communication policy with shareholders
                                                                                               or investor can be accessed on the Company's website
                                                                                               at www.tugu.com


Aspek II. Fungsi dan Peran Dewan Komisaris
Aspect II. Function and Role of the Board of Commissioners


           Prinsip                                    Rekomendasi                                    Pemenuhan: Terpenuhi atau Jelaskan
           Principle                                 Recommendation                                     Compliance: Comply or Explain
 Prinsip 3                         3.1. Penentuan jumlah anggota Dewan Komisaris               MEMENUHI,
 Memperkuat Keanggotaan dan             mempertimbangkan kondisi Perusahaan Terbuka.           Selain mengacu kepada Peraturan Otoritas Jasa
 Komposisi Dewan Komisaris.                                                                    Keuangan (POJK) mengenai Tata Kelola Perusahaan
                                         Determination of the number of the Board of           Perasuransian, penentuan jumlah anggota Dewan
 Principle 3                             Commissioners members has considered the              Komisaris telah mempertimbangkan kondisi Perusahaan
 Strengthen Membership and               Public Company’s condition.                           Terbuka dan mengacu pada POJK 33/POJK.04/2014
 Composition of the Board of                                                                   tentang Direksi dan Dewan Komisaris Emiten atau
 Commissioners.                                                                                Perusahaan Publik.

                                                                                               COMPLY,
                                                                                               In addition to referring to the Financial Services
                                                                                               Authority Regulation (POJK) regarding Insurance
                                                                                               Company Governance, in determining the number of
                                                                                               members of the Board of Commissioners has taken
                                                                                               into account the conditions of the Public Company and
                                                                                               refers to POJK 33/POJK.04/2014 concerning the Board
                                                                                               of Directors and Board of Commissioners of Issuers or
                                                                                               Public Companies.
                                   3.2. Penentuan komposisi anggota Dewan Komisaris            MEMENUHI,
                                        memperhatikan keberagaman keahlian,                    Komposisi Anggota Dewan Komisaris telah memenuhi
                                        pengetahuan, dan pengalaman yang dibutuhkan.           kebutuhan Perseroan, masing-masing anggota
                                                                                               Komisaris memiliki pendidikan, pengalaman, dan
                                         Determination of the Board of Commissioners           kompetensi yang sesuai dengan kebutuhan Perseroan
                                         Composition has considered the diversity of skills,   sebagaimana yang telah diungkapkan pada Laporan
                                         knowledge and experience required.                    Tahunan ini.

                                                                                               COMPLY,
                                                                                               The composition of the Board of Commissioners
                                                                                               has complied with the needs of the Company, each
                                                                                               member of the Board of Commissioners has education,
                                                                                               experience, and competence in accordance with the
                                                                                               needs of the Company as disclosed in this Annual
                                                                                               Report.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023         427
Page 430
      1   Kilas Kinerja             2   Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
          Performance Review            Management Report                 Company Profile                 Management Discussion and Analysis




                Prinsip                               Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                Principle                            Recommendation                                    Compliance: Comply or Explain
      Prinsip 4                     4.1. Dewan Komisaris mempunyai kebijakan penilaian        MEMENUHI,
      Meningkatkan Kualitas              sendiri (self-assessment) untuk menilai kinerja      Perseroan telah mempunyai Kebijakan penilaian sendiri
      Pelaksanaan Tugas dan              Dewan Komisaris.                                     untuk Dewan Komisaris sebagaimana disepakati dalam
      Tanggung Jawab Dewan                                                                    Key Performance Indicator (KPI) Dewan Komisaris.
      Komisaris.                         Board of Commissioners has self-assessment
                                         policy to assess their performance.                  COMPLY,
      Principle 4                                                                             The Company has its own assessment policy for
      Enhance the Quality of the                                                              the Board of Commissioners, as agreed in the
      Board of Commissioners                                                                  Key Performance Indicator (KPI) of the Board of
      Duties and Responsibilities                                                             Commissioners.
      Implementation.
                                         a.    Kebijakan penilaian sendiri (self-             MEMENUHI,
                                               assessment) untuk menilai kinerja Dewan        Kebijakan penilaian sendiri (Self- Assessment) untuk
                                               Komisaris, diungkapkan melalui Laporan         menilai kinerja Dewan Komisaris telah diungkapkan
                                               Tahunan Perusahaan Terbuka.                    dalam Laporan Tahunan ini.

                                               Self-assessment to assess the                  COMPLY,
                                               performance of the Board of                    The Self-Assessment policy for assessing the
                                               Commissioners is disclosed in the Annual       performance of the Board of Commissioners has been
                                               Report of the Public Company.                  disclosed in this Annual Report.
                                         b.    Dewan Komisaris mempunyai kebijakan            MEMENUHI
                                               terkait pengunduran diri anggota Dewan         Kebijakan ini telah diatur dalam ketentuan Anggaran
                                               Komisaris apabila terlibat dalam kejahatan     Dasar Perusahaan, dan Board Manual BAB 3
                                               keuangan.                                      Dewan Komisaris Huruf C tentang Masa Jabatan,
                                                                                              Pengangkatan, dan Pemberhentian Dewan Komisaris
                                               Board of Commissioners has a policy on         Angka 2) Pemberhentian Komisaris Poin f) Anggota
                                               the resignation of Board of Commissioners      Dewan Komisaris wajib mengundurkan diri apabila
                                               members when engaged in financial crime.       sudah ditetapkan berstatus terpidana oleh pihak
                                                                                              yang berwenang dalam Kejahatan Keuangan seperti
                                                                                              manipulasi dan berbagai bentuk penggelapan dalam
                                                                                              kegiatan jasa keuangan serta Tindakan Pidana
                                                                                              Pencucian Uang sebagaimana dimaksud dalam Undang-
                                                                                              Undang Nomor: 8 Tahun 2010 tentang Pencegahan dan
                                                                                              Pemberantasan Tindak Pidana Pencucian Uang.

                                                                                              COMPLY,
                                                                                              This policy has been regulated in the provisions of
                                                                                              the Company's Articles of Association, and the Board
                                                                                              Manual CHAPTER 3 Board of Commissioners Letter C
                                                                                              concerning Term of Office, Appointment and Dismissal
                                                                                              of the Board of Commissioners Number 2) Dismissal
                                                                                              of Commissioners Point f) Members of the Board
                                                                                              of Commissioners must resign if they have been
                                                                                              determined to have convict status by the party who
                                                                                              has authority in Financial Crimes such as manipulation
                                                                                              and various forms of embezzlement in financial
                                                                                              services activities as well as Money Laundering Crimes
                                                                                              as intended in Law Number: 8 of 2010 concerning
                                                                                              Prevention and Eradication of Money Laundering Crimes.
                                         c.    Dewan Komisaris atau Komite yang               MEMENUHI,
                                               menjalankan fungsi Remunerasi dan              Telah disusun kebijakan suksesi dalam desain talent
                                               Nominasi menyusun kebijakan suksesi            pool management system untuk mencapai keberlanjutan
                                               dalam proses Nominasi anggota Direksi.         proses nominasi anggota Direksi.

                                               Board of Commissioners or the Committee        COMPLY,
                                               carrying out Remuneration and Nomination       A succession policy has been prepared in the design
                                               function formulates succession policy in the   of the talent pool management system to achieve
                                               Nomination of Board of Directors members.      continuity in the nomination process for members of the
                                                                                              Board of Directors.




428       LAPORAN TAHUNAN 2023                                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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    5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
        Corporate Governance                     Corporate Social Responsibility                  Audited Report




Aspek III. Fungsi dan Peran Direksi
Aspect III. Function and Role of the Board of Directors


           Prinsip                                     Rekomendasi                                 Pemenuhan: Terpenuhi atau Jelaskan
           Principle                                  Recommendation                                  Compliance: Comply or Explain
 Prinsip 5                       5.1. Penentuan jumlah anggota Direksi                       MEMENUHI
 Memperkuat Keanggotaan dan           mempertimbangkan kondisi Perusahaan Terbuka            Penentuan jumlah anggota Direksi telah
 Komposisi Direksi.                   serta efektivitas dalam pengambilan keputusan.         mempertimbangkan kondisi Perusahaan dan mengacu
                                                                                             pada POJK No. 73/POJK.05/2016 tentang Tata Kelola
 Principle 5                           Determination of the number of the Board              Perusahaan yang Baik bagi Perusahaan Perasuransian
 Strengthening the Membership          of Directors members has considered Public            sebagaimana telah diubah dengan POJK No. 43/
 and Composition of the Board          Company's condition and effectiveness in              POJK.05/2019 tentang Perubahan atas POJK No. 73/
 of Directors.                         decision making.                                      POJK.05/2016 Tentang Tata Kelola Perusahaan yang
                                                                                             Baik bagi Perusahaan Perasuransian dan POJK No. 33/
                                                                                             POJK.04/2014 tentang Direksi dan Dewan Komisaris
                                                                                             Emiten atau Perusahaan Publik.

                                                                                             COMPLY,
                                                                                             Determination of the number of members of the
                                                                                             Board of Directors has taken into account the
                                                                                             condition of the Company and refers to POJK No. 73/
                                                                                             POJK.05/2016 concerning Good Corporate Governance
                                                                                             for Insurance Companies as amended by POJK No.
                                                                                             43/POJK.05/2019 concerning Amendments to POJK
                                                                                             No. 73/POJK.05/2016 concerning Good Corporate
                                                                                             Governance for Insurance Companies and POJK no.
                                                                                             33/POJK.04/2014 concerning Board of Directors
                                                                                             and Board of Commissioners of Issuers or Public
                                                                                             Companies.
                                     a.     Penentuan komposisi anggota Direksi              MEMENUHI,
                                            memperhatikan keberagaman keahlian,              Komposisi Anggota Direksi telah memenuhi kebutuhan
                                            pengetahuan, dan pengalaman yang                 Perseroan, masing-masing anggota Direksi memiliki
                                            dibutuhkan.                                      pendidikan, pengalaman, dan kompetensi yang sesuai
                                                                                             dengan kebutuhan Perseroan sebagaimana yang telah
                                            Determination of the composition of Board        diungkapkan pada Laporan Tahunan ini.
                                            of Directors members has considered the
                                            diversity of skills, knowledge, and experience   COMPLY,
                                            needed.                                          The composition of the members of the Board of
                                                                                             Directors has complied with the needs of the Company,
                                                                                             each member of the Board of Directors has education,
                                                                                             experience and competence in accordance with the
                                                                                             needs of the Company as disclosed in this Annual
                                                                                             Report.
                                     b.     Anggota Direksi yang membawahi bidang            MEMENUHI
                                            akuntansi atau keuangan memiliki keahlian        Bapak Emil Hakim sebagai Direktur Keuangan dan
                                            dan/atau pengetahuan di bidang akuntansi.        Layanan Korporat yang membawahi bidang akuntansi
                                                                                             atau keuangan memiliki latar belakang pendidikan,
                                            Board of Directors Member in charge of           pengalaman pekerjaan, dan keahlian dan/atau
                                            accounting or finance has expertise and/or       pengetahuan di bidang akuntansi. Beliau meraih gelar
                                            knowledge in accounting.                         Sarjana Ekonomi Akuntansi dari Universitas Sriwijaya,
                                                                                             dan gelar Master of Applied Finance dari Australian
                                                                                             National University. Profil Bapak Emil Hakim dapat
                                                                                             dilihat lebih lanjut pada Bab Profil Perusahaan.

                                                                                             COMPLY,
                                                                                             Mr. Emil Hakim as Finance and Corporate Services
                                                                                             Director in charge of accounting or finance has
                                                                                             educational background, work experience, and expertise
                                                                                             and/or knowledge in accounting. He holds a Bachelor
                                                                                             of Accounting degree from Sriwijaya University, and a
                                                                                             Master of Applied Finance degree from the Australian
                                                                                             National University. Mr. Emil Hakim's profile can be
                                                                                             found in the Company Profile chapter.




   PT Asuransi Tugu Pratama Indonesia Tbk                                                                                     ANNUAL REPORT 2023      429
Page 432
      1   Kilas Kinerja              2   Laporan Manajemen              3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
          Performance Review             Management Report                  Company Profile                 Management Discussion and Analysis




                Prinsip                                 Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                Principle                              Recommendation                                    Compliance: Comply or Explain
      Prinsip 6                      6.1. Direksi mempunyai kebijakan penilaian sendiri         MEMENUHI
      Meningkatkan Kualitas               (self-assessment) untuk menilai kinerja Direksi.      Perseroan telah mempunyai Kebijakan penilaian sendiri
      Pelaksanaan Tugas dan                                                                     untuk Direksi.
      Tanggung Jawab Direksi.              Board of Directors has self-assessment policy to
                                           assess their performance.                            COMPLY,
      Principle 6                                                                               The Company has its self-assessment policy for the
      Enhance the Quality of                                                                    Board of Directors.
      the Board of Directors         6.2. Kebijakan penilaian sendiri (self-assessment)         MEMENUHI
      Duties and Responsibilities         untuk menilai kinerja Direksi diungkapkan melalui     Kebijakan Self-Assessment atas kinerja Direksi telah
      Implementation.                     laporan tahunan Perusahaan Terbuka.                   diungkapkan pada bagian Penilaian Kinerja Direksi
                                                                                                dalam Bab Tata Kelola Laporan Tahunan ini.
                                           Self-assessment policy to assess the Board
                                           of Directors performance is disclosed through        COMPLY
                                           annual report of Public Company.                     The Self-Assessment Policy on Board of Directors'
                                                                                                performance has been disclosed in the Board of
                                                                                                Directors' Performance Assessment section in the
                                                                                                Governance Chapter of this Annual Report.
                                     6.3. Direksi mempunyai kebijakan terkait pengunduran       MEMENUHI
                                          diri anggota Direksi apabila terlibat dalam           Telah diatur dalam Board Manual.
                                          kejahatan keuangan.
                                                                                                COMPLY,
                                           Board of Directors has a policy regarding            It has been regulated in the Board Manual.
                                           resignation of the Board of Directors members
                                           when engaged in financial crime.



  Aspek IV: Partisipasi Pemangku Kepentingan
  Aspect IV: Stakeholders’ Participation


                Prinsip                                 Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                Principle                              Recommendation                                    Compliance: Comply or Explain
      Prinsip 7                      7.1. Perusahaan Terbuka memiliki kebijakan untuk           MEMENUHI,
      Meningkatkan Aspek Tata             mencegah terjadinya insider trading.                  Perseroan telah memiliki kebijakan untuk mencegah
      Kelola Perusahaan melalui                                                                 terjadinya insider trading, sebagaimana diatur dalam
      Partisipasi Pemangku                 Public Company has a policy to prevent insider       Pedoman Kebijakan Transaksi Bagi Orang Dalam No.
      Kepentingan.                         trading.                                             A-001/6500/2023, serta Pedoman Konflik Kepentingan
                                                                                                (Conflict of Interest) Tugu Insurance yang melarang
      Principle 7                                                                               Insan Tugu untuk memanfaatkan informasi rahasia
      Improve Corporate Governance                                                              dan data bisnis perusahaan untuk kepentingan di luar
      Aspect through Stakeholders’                                                              perusahaan.
      participation.
                                                                                                COMPLY
                                                                                                The Company has a policy to prevent insider trading,
                                                                                                as regulated in the Transaction Policy Guidelines for
                                                                                                Insiders No. A-001/6500/2023, as well as the Tugu
                                                                                                Insurance Conflict of Interest Guidelines which prohibit
                                                                                                Tugu Personnel from using confidential information
                                                                                                and Company business data for interests outside the
                                                                                                Company.




430       LAPORAN TAHUNAN 2023                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility                      Audited Report




           Prinsip                                    Rekomendasi                                      Pemenuhan: Terpenuhi atau Jelaskan
           Principle                                 Recommendation                                       Compliance: Comply or Explain
                                 7.2. Perusahaan Terbuka memiliki kebijakan                      MEMENUHI,
                                      antikorupsi dan anti fraud.                                Perseroan telah memiliki kebijakan anti korupsi
                                                                                                 dan anti-fraud sebagaimana diatur dalam Pedoman
                                         Public Company has anti-corruption and anti-fraud       Pengendalian Gratifikasi, Pedoman Tata Kelola
                                         policy.                                                 Perusahaan, Pedoman Sistematika Etika Usaha dan
                                                                                                 Tata Perilaku (Code of Conduct), Pedoman Konflik
                                                                                                 Kepentingan (Conflict of Interest), Pedoman Strategi
                                                                                                 Anti-Fraud, dan Pedoman Sistem Manajemen Anti
                                                                                                 Penyuapan (SMAP) yang diberlakukan bagi seluruh
                                                                                                 Insan Perseroan.

                                                                                                 COMPLY,
                                                                                                 The Company has anti-corruption and anti-fraud policies
                                                                                                 as regulated in the Gratification Control Guidelines,
                                                                                                 Corporate Governance Guidelines, Systematic
                                                                                                 Guidelines for Business Ethics and Code of Conduct,
                                                                                                 Conflict of Interest Guidelines, Anti-Fraud Strategy
                                                                                                 Guidelines, and Anti-Bribery Management System
                                                                                                 (SMAP) Guidelines which applicable to all Company
                                                                                                 Personnel.
                                 7.3. Perusahaan Terbuka memiliki kebijakan tentang              MEMENUHI,
                                      seleksi dan peningkatan kemampuan pemasok                  Kebijakan Perseroan tentang seleksi dan peningkatan
                                      atau vendor.                                               kemampuan pemasok atau vendor telah diatur di
                                                                                                 dalam Pedoman Pengadaan Barang dan Jasa No.
                                         Public Company has a policy of vendor selection         A-001/3701/2019.
                                         and enhancement of suppliers or vendors’
                                         capabilities.                                           COMPLY,
                                                                                                 The Company's policy regarding the selection and
                                                                                                 enhancement of supplier or vendor capabilities has
                                                                                                 been regulated in the Goods and Services Procurement
                                                                                                 Guidelines No. A-001/3701/2019.
                                 7.4. Perusahaan Terbuka memiliki kebijakan tentang              JELASKAN,
                                      pemenuhan hak-hak kreditur.                                Perseroan tidak memiliki pinjaman/kreditur dalam
                                                                                                 artian Bank atau Lembaga Keuangan lainnya.
                                         Public Company has a policy on the fulfillment of
                                         the rights of creditors.                                EXPLAIN,
                                                                                                 The Company does not have loans/creditors in the
                                                                                                 context of banks or other financial institutions.
                                 7.5. Perusahaan Terbuka memiliki kebijakan sistem               MEMENUHI,
                                      whistleblowing.                                            Perseroan telah mempunyai Pedoman Whistleblowing
                                                                                                 System (WBS) sebagaimana diungkapkan dalam Bab
                                         Public Company has a whistleblowing system              Tata Kelola Laporan Tahunan ini.
                                         policy.
                                                                                                 COMPLY,
                                                                                                 The Company has Whistleblowing System (WBS)
                                                                                                 Guidelines as disclosed in the Governance Chapter of
                                                                                                 this Annual Report.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023          431
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      1   Kilas Kinerja               2   Laporan Manajemen              3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
          Performance Review              Management Report                  Company Profile                 Management Discussion and Analysis




                Prinsip                                  Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                Principle                               Recommendation                                    Compliance: Comply or Explain
                                      7.6. Perusahaan Terbuka memiliki kebijakan                 MEMENUHI.
                                           pemberian insentif jangka panjang kepada Direksi      Tugu Insurance telah mempunyai kebijakan pemberian
                                           dan karyawan.                                         insentif jangka panjang kepada Direksi dan Karyawan
                                                                                                 dalam bentuk Program Kepemilikan Saham oleh
                                            Public Company has a policy to give long-            Karyawan dan/atau Manajemen (ESOP/MSOP),
                                            term incentives to the Board of Directors and        sebagaimana telah dijabarkan dalam Laporan Tahunan
                                            employees.                                           ini. Selain itu, Tugu Insurance juga memiliki kebijakan
                                                                                                 pemberian insentif jangka panjang kepada Direksi
                                                                                                 dan karyawan Tugu Insurance dalam bentuk: tantiem
                                                                                                 tahunan dan asuransi purna jabatan bagi Direksi dan
                                                                                                 uang pesangon berdasarkan PKB yang berlaku bagi
                                                                                                 karyawan.

                                                                                                 COMPLY,
                                                                                                 Tugu Insurance has a policy of providing long-term
                                                                                                 incentives to Board of Directors and Employees in
                                                                                                 the form of an Employee and/or Management Share
                                                                                                 Ownership Program (ESOP/MSOP), as described in this
                                                                                                 Annual Report. Additionally, Tugu Insurance also has
                                                                                                 a policy of providing long-term incentives to the Board
                                                                                                 of Directors and employees of Tugu Insurance in the
                                                                                                 form of: annual bonuses and post-service insurance for
                                                                                                 Directors and severance pay based on the Collective
                                                                                                 Employment Agreement that applies to employees.



  Aspek V. Keterbukaan Informasi
  Aspect V. Information Disclosure


                Prinsip                                  Rekomendasi                                   Pemenuhan: Terpenuhi atau Jelaskan
                Principle                               Recommendation                                    Compliance: Comply or Explain
      Prinsip 8                       8.1. Perusahaan Terbuka memanfaatkan penggunaan            MEMENUHI,
      Meningkatkan Pelaksanaan             teknologi informasi secara lebih luas selain Situs    Perseroan senantiasa berupaya untuk selalu
      Keterbukaan Informasi.               Web sebagai media keterbukaan informasi.              meningkatkan kualitas keterbukaan informasi kepada
                                                                                                 Stakeholders melalui media teknologi informasi,
      Principle 8                           Public Company utilizes the information              selain website Perseroan, yaitu melalui media sosial
      Improve the Implementation of         technology more widely in addition to the website    Perusahaan seperti Instagram, Facebook, Twitter,
      Information Disclosure                as a media for information disclosure.               Youtube, dan TikTok.

                                                                                                 COMPLY,
                                                                                                 The Company always strives to improve the quality
                                                                                                 of information disclosure to Stakeholders through
                                                                                                 information technology media, apart from the
                                                                                                 Company's website, namely through the Company's
                                                                                                 social media such as Instagram, Facebook, Twitter,
                                                                                                 YouTube and TikTok.
                                      8.2. Laporan Tahunan Perusahaan Terbuka                    MEMENUHI.
                                           mengungkapkan pemilik manfaat akhir dalam             Perseroan telah mengungkapkan informasi mengenai
                                           kepemilikan saham Perusahaan Terbuka paling           pemilik manfaat akhir dalam kepemilikan saham
                                           sedikit 5% (lima persen), selain pengungkapan         Perusahaan Terbuka paling sedikit 5% (lima persen),
                                           pemilik manfaat akhir dalam kepemilikan saham         selain pengungkapan pemilik manfaat akhir dalam
                                           Perusahaan Terbuka melalui pemegang saham             kepemilikan saham Perseroan melalui pemegang
                                           utama dan pengendali.                                 saham utama dan pengendali.

                                            Public Company’s Annual Report discloses             COMPLY,
                                            the ultimate beneficial owner in Shareholding        The Company has disclosed information regarding the
                                            of Public Company’s shares at least 5% (five         ultimate beneficial owner in Public Company share
                                            percent), an addition to the disclosure of the       ownership of at least 5% (five percent), in addition
                                            ultimate beneficial owner in Public Company’s        to disclosing the ultimate beneficial owner in the
                                            share ownership through majority and controlling     Company's share ownership through the majority and
                                            shareholders.                                        controlling shareholders.




432       LAPORAN TAHUNAN 2023                                                                                   PT Asuransi Tugu Pratama Indonesia Tbk
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    Corporate Governance                     Corporate Social Responsibility        Audited Report




PT Asuransi Tugu Pratama Indonesia Tbk                                                                 ANNUAL REPORT 2023   433
Page 436
06
Tanggung
Jawab Sosial
Perusahaan
Corporate Social Responsibility
Page 437

          
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          Performance Review         Management Report          Company Profile           Management Discussion and Analysis




  Tata Kelola Tanggung Jawab Sosial Perusahaan
  Corporate Social Responsibility Governance




  Program Tanggung Jawab Sosial dan Lingkungan (TJSL)              The Corporate Social Responsibility (CSR) Program for State-
  pada Badan Usaha Milik Negara (BUMN) merupakan                   Owned Enterprises (SOEs) is the Company's commitment to
  komitmen Perseroan terhadap pembangunan berkelanjutan.           sustainable development. The implementation of the CSR
  Pelaksanaan program TJSL bertujuan agar Tugu                     program aims to enable Tugu Insurance to provide economic,
  Insurance dapat memberikan manfaat ekonomi, sosial,              social, environmental, legal, and corporate governance
  lingkungan, hukum, maupun tata kelola korporat yang              benefits that are more integrated, targeted, with measurable
  lebih terintegrasi, terarah, terukur dampaknya, serta            impact, as well as being accountable and are part of the
  dapat dipertanggungjawabkan dan merupakan bagian dari            Company's business approach.
  pendekatan bisnis Perseroan.

  Tugu Insurance selaku bagian dari Anak BUMN                      Tugu Insurance as a Subsidiary of an SOE is committed to
  berkomitmen untuk berperilaku transparan, etis, dan              implementing transparent, ethical behavior, and contributing
  berkontribusi terhadap pembangunan ekonomi yang                  to sustainable economic development so that all of the
  berkelanjutan sehingga seluruh kegiatan usaha Perseroan          Company's business activities are able to provide positive
  dapat memberikan dampak positif bagi para pemangku               impact on stakeholders and develop business in line
  kepentingan dan mengembangkan bisnis sesuai dengan               with sustainable principles. The Company’s CSR program
  berpegang prinsip-prinsip berkelanjutan. Program TJSL            always supports community development and sustainable
  Perseroan senantiasa mendukung pengembangan                      environmentally-oriented development which addresses 3
  masyarakat dan pembangunan berwawasan lingkungan                 (three) aspects, namely economic, social, and environmental
  berkelanjutan yang menyentuh 3 (tiga) aspek, yakni               consistently and sustainably.
  ekonomi, sosial, dan lingkungan secara konsisten
  dan berkesinambungan.

  Sebagai bagian dari BUMN, Tugu Insurance berkomitmen             As part of SOEs, Tugu Insurance is committed to comply
  untuk memenuhi peraturan yang berlaku, termasuk Undang-          with applicable regulations, including Law No. 19 of
  Undang No. 19 Tahun 2003 tentang Badan Usaha Milik               2003 concerning State-Owned Enterprises (SOEs), which
  Negara (BUMN) yang mengatur kewajiban perusahaan                 regulates the obligations of companies to allocate and use
  untuk melakukan penyisihan dan penggunaan laba untuk             the Company’s profits to encourage community economic
  mendorong kegiatan dan pertumbuhan ekonomi kerakyatan            activities and growth, also create equitable development
  dan menciptakan pemerataan pembangunan melalui                   through expanding employment opportunities, business
  perluasan lapangan kerja, kesempatan berusaha dan                opportunities and community empowerment. Thus, guided
  pemberdayaan masyarakat. Untuk itu, dengan berpedoman            by the Minister of State-Owned Enterprises Regulation No.
  pada Peraturan Menteri Badan Usaha Milik Negara No. PER-         PER-1/MBU/03/2023 concerning Special Assignments and
  1/MBU/03/2023 tentang Penugasan Khusus dan Program               Social and Environmental Responsibility Programs for State-
  Tanggung Jawab Sosial dan Lingkungan Badan Usaha                 Owned Enterprises, the Company is committed to fulfilling
  Milik Negara, Perseroan berkomitmen untuk memenuhi               these obligations.
  kewajiban tersebut.

  Aturan-aturan tersebut mengatur bahwa program TJSL               These regulations stipulate that the CSR program must
  dilakukan secara sistematis dan terpadu untuk menjamin           be implemented systematically and integrated in order to
  pelaksanaan dan pencapaian keberhasilan program                  guarantee that the priorities and/or program objectives,
  TJSL sesuai dengan prioritas dan/atau pencapaian dari            which are directed by the work plan, are met. According to
  tujuan program TJSL yang berpedoman pada rencana                 this rule, CSR can also be implemented through funding for
  kerja. Peraturan ini juga menyebutkan dalam pelaksanaan          the Micro and Small Enterprise Funding (PUMK) Program and
  TJSL dapat dilakukan dalam bentuk pembiayaan Program             support for the Non-PUMK Program, which has phases that
  Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) dan                 include planning, carrying out, overseeing, and reporting.
  bantuan Program Non-PUMK dengan tahapan meliputi
  perencanaan, pelaksanaan, pengawasan dan pelaporan.


436       LAPORAN TAHUNAN 2023                                                                PT Asuransi Tugu Pratama Indonesia Tbk
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Landasan Hukum TJSL Perseroan
Legal Basis for Company’s CSR

Pelaksanaan program TJSL di lingkungan Tugu Insurance                           The implementation of the CSR program within Tugu
senantiasa mengacu pada peraturan-peraturan, seperti:                           Insurance always refers to regulations, such as:
1. Undang-Undang RI No. 40 Tahun 2007 tentang                                   1. Republic of Indonesia Law No. 40 of 2007 concerning
   Perseroan Terbatas;                                                             Limited Liability Companies;
2. Undang-Undang RI No. 19 Tahun 2003 tentang BUMN;                             2. Republic of Indonesia Law No. 19 of 2003
3. Undang-Undang RI No. 8 Tahun 1999 tentang                                       concerning SOEs;
   Perlindungan Konsumen;                                                       3. Republic of Indonesia Law No. 8 of 1999 concerning
4. Peraturan Pemerintah No. 47 Tahun 2012                                          Consumer Protection;
   tentang Tanggung Jawab Sosial dan Lingkungan                                 4. Government Regulation No. 47 of 2012 concerning
   Perseroan Terbatas;                                                             Social and Environmental Responsibility of Limited
5. Peraturan Otoritas Jasa Keuangan No. 1/POJK.07/2013                             Liability Companies;
   tentang Perlindungan Konsumen Sektor Jasa Keuangan.                          5. Financial Services Authority Regulation No. 1/
                                                                                   POJK.07/2013 concerning Consumer Protection in the
                                                                                   Financial Services Sector.

Peraturan Menteri Badan Usaha Milik Negara No. PER-05/                          Regulation of the Minister of State-Owned Enterprises
MBU/04/2021 tentang Program Tanggung Jawab Sosial dan                           No. PER-05/MBU/04/2021 concerning the Social and
Lingkungan Badan Usaha Milik Negara sebagaimana telah                           Environmental Responsibility Program for State-Owned
diubah dengan Peraturan Menteri Badan Usaha Milik Negara                        Enterprises as amended by Regulation of the Minister
Republik No. PER-06/MBU/09/2022.                                                of State-Owned Enterprises of the Republic No. PER-06/
                                                                                MBU/09/2022.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                               ANNUAL REPORT 2023   437
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          Performance Review         Management Report              Company Profile               Management Discussion and Analysis




  Visi dan Misi Tanggung Jawab Sosial Perusahaan
  Corporate Social Responsibility Vision and Mission




              Menjadi Perusahaan Asuransi Umum yang memiliki kepedulian


                                                                                                                VISI
              sosial tinggi terhadap masyarakat dan lingkungan dalam upaya
                menunjang pertumbuhan ekonomi nasional berkelanjutan.
                      Become a General Insurance Company with high social
                   awareness towards the community and the environment in an
                                                                                                                   VISION
                     effort to support sustainable national economic growth.




                                     1. Melaksanakan komitmen korporat atas             1. Implement corporate commitment to
                                        Corporate Social Responsibility (CSR)/             Corporate Social Responsibility (CSR)/Social
                                        Tanggung Jawab Sosial dan Lingkungan               and Environmental Responsibility which will
                                        yang akan memberikan nilai tambah kepada           provide added value to all stakeholders to
                                        semua pemangku kepentingan (Stakeholders)          support Company’s sustainable growth;
                                        untuk mendukung pertumbuhan
                                                                                        2. Carry out corporate responsibility


            MISI
                                        perusahaan secara berkesinambungan;
                                                                                           as well as social and environmental
                                     2. Melaksanakan tanggung jawab                        concerns for active participation in
                                        korporat dan kepedulian sosial serta               sustainable Indonesian development;

            MISSIONS                    lingkungan untuk sebuah peran serta
                                        aktif dalam pembangunan masyarakat
                                                                                        3. Build a harmonious and conducive
                                                                                           relationship with all stakeholders
                                        Indonesia yang berkelanjutan;
                                                                                           to support the achievement of
                                     3. Membangun hubungan yang harmonis                   corporate goals, especially in building
                                        dan kondusif dengan semua pemangku                 corporate image and reputation.
                                        kepentingan (stakeholders) untuk mendukung
                                        pencapaian tujuan korporasi terutama dalam
                                        membangun citra dan reputasi korporasi.




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    Corporate Governance                     Corporate Social Responsibility                   Audited Report




Struktur Organisasi TJSL Perseroan
The Company’s CSR Organizational Structure




Guna memastikan seluruh program TJSL dapat berjalan                             To ensure that all CSR programs are smoothly implemented
dengan lancar sesuai dengan aspek ekonomi, lingkungan,                          in accordance with economic, environmental, and
dan sosial, Perseroan membentuk Corporate Secretary                             social aspects, the Company established the Corporate
Group, namun untuk kegiatan program kerja TJSL dalam                            Secretary Group, however for CSR work program activities
pelaksanaan utamanya berada di bawah fungsi Government,                         implementation is primarily under the function of the
PR & CSR Departemen. Struktur organisasi TJSL Perseroan                         Government, PR & CSR Department. The Company's CSR
ditetapkan berdasarkan pada SKD No. 169/SKD/04/HCM-                             organizational structure is established based on the Decree
OPR/ATPI/2023 Adapun struktur organisasi TJSL dapat                             of the Board of Directors No. 169/SKD/04/HCM-OPR/
dilihat sebagai berikut:                                                        ATPI/2023. The CSR organizational structure is as follows:




                                                              Presiden Direktur
                                                                President Director




                                                            Corporate Secretary
                                                             Sekretaris Perusahaan




                                                Government, PR & CSR Department




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023      439
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          Performance Review         Management Report            Company Profile            Management Discussion and Analysis




  Implementasi TJSL Perseroan
  CSR Implementation in the Company

  Tanggung Jawab Sosial Terkait Perlindungan                         Social Responsibility in Customer Protection
  Konsumen

  Sebagaimana diatur dalam Peraturan OJK No. 6/                      As regulated in OJK Regulation No. 6/POJK.07/2022
  POJK.07/2022 tentang Perlindungan Konsumen Sektor                  concerning Consumer Protection in the Financial Services
  Jasa Keuangan serta Pedoman Pengaduan Konsumen Tugu                Sector and Guidelines for Consumer Complaints of Tugu
  Insurance No. A-001/9A10/2018 rev-0, Tugu Insurance telah          Insurance No. A-001/9A10/2018 rev-0, Tugu Insurance
  memiliki program yang terkait dengan berbagai aktivitas            has program related to various activities and provision of
  maupun penyediaan materi informasi mengenai seluruh                information materials regarding all products and services
  produk dan layanan yang dimiliki secara terperinci.                provided in details.

  Komitmen Perseroan untuk memberikan layanan yang                   The Company's commitment to providing the best
  terbaik dan bermanfaat bagi setiap pemangku kepentingan            service and benefit for every stakeholder or consumer
  atau konsumen diwujudkan melalui sikap dan respon yang             is demonstrated through the professional attitude and
  profesionalisme dari Perseroan dan segenap jajaran dalam           professionalism of the Company, and all levels in serving
  melayani konsumen. Perseroan juga menjamin kualitas                consumers. The Company also guarantees swift, responsive,
  pelayanan kepada setiap konsumen dengan sigap, responsif           and trustworthy quality service to every consumer.
  dan terpercaya.

  Disamping itu, Perseroan juga mempunyai Pedoman                    Additionally, the Company also has a Systematic Code of
  Sistematika Etika Usaha dan Tata Perilaku (Code of Conduct         Business Ethics and Code of Conduct (or CoC) which, among
  atau CoC) yang antara lain mengatur tentang Etika Perseroan        other regulates the Company’s Ethics with Customers,
  dengan Pelanggan, yaitu:                                           namely:
  1. Memberikan pelayanan terbaik bagi pelanggan;                    1. Provide the best service for customers;
  2. Memberikan informasi maupun iklan/promosi secara                2. Provide information and advertisements/promotions in
      sehat, fair, jujur, dan tidak menyesatkan, serta diterima         a healthy, fair, honest and non-misleading manner, and
      oleh norma masyarakat;                                            acceptable to the societal norms;
  3. Memelihara reputasi atau kepercayaan pelanggan serta            3. Maintain customer reputation or trust and protect
      menjaga informasi/kerahasiaan pelanggan.                          customer information/confidentiality.

  Tugu Insurance senantiasa berupaya menyelesaikan seluruh           Tugu Insurance always tries to resolve all customer
  keluhan pelanggan dan berkomitmen untuk memperbaiki                complaints and is committed to improving service quality.
  kualitas layanan. Oleh karenanya, Perseroan menyediakan            Therefore, the Company provides facilities for customers to
  sarana bagi para pelanggan untuk dapat menyampaikan                submit complaints, including suggestions and criticism on
  pengaduan, termasuk saran dan kritik mengenai produk               products and services as well as other issues related to
  dan layanan serta tentang hal-hal lain yang berkaitan              the Company.
  dengan Perseroan.

  Untuk menangani keluhan dan pertanyaan dari konsumen               To handle complaints and questions from consumers
  mengenai produk dan jasa Tugu Insurance, Perseroan                 regarding Tugu Insurance products and services, the
  menyediakan sarana melalui:                                        Company provides services access through:
  • Call TIA (Tugu Insurance Assistance) Pelayanan Konsumen          • Call TIA (Tugu Insurance Assistance) Consumer Service
     tersedia 24H/7D melalui “Call TIA” 1500 458 untuk                   is available 24H/7D via “Call TIA” 1500 458 to serve
     melayani kebutuhan informasi produk, layanan polis                  inquiries about product information, insurance policy
     asuransi, lapor klaim, hingga bantuan darurat di                    services, claim reports, and emergency assistance on
     jalan raya.                                                         the road.
  • Whatsapp: 081197900100                                           • WhatsApp: 08119790010
  • Email: calltia@tugu.com                                          • Email: calltia@tugu.com




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    Corporate Governance                     Corporate Social Responsibility                  Audited Report




Melalui sejumlah media penyampaian informasi yang                               Through several existing media information, the complaints
tersedia, pengaduan yang masuk akan diteruskan kepada                           will be forwarded to the user concerned or related parties
user bersangkutan atau pihak terkait melalui petugas yang                       through the person-in-charge (PIC) to be followed up by
ditetapkan untuk menangani melalui surat elektronik (email).                    electronic mail (email). Then, the user or related party
Kemudian user atau pihak terkait akan melakukan tindakan                        will take further action on the complaint. The stages from
lebih lanjut atas pengaduan tersebut. Tahapan dari fase                         the complaint received to the complaint resolution are
penerimaan pengaduan hingga fase penyelesaian pengaduan                         as follows:
adalah sebagai berikut:




                                                                                       Diteruskan ke
            Pengaduan                                Diterima                                                          Penyelesaian
                                                                                        User Terkait
1             Masuk                  2               oleh PIC               3            Forwarded to
                                                                                                                 4      Pengaduan
           Complaint Send                        Received by PIC                                                     Complaint Resolution
                                                                                         Related User




Dengan adanya fasilitas tersebut Perseroan dapat                                With this facility, the Company can obtain information
memperoleh informasi dari konsumen mengenai keluhan,                            from the customers regarding complaints, questions,
pertanyaan, saran/masukan dan tingkat kepuasan terhadap                         suggestions/feedback and satisfaction level on the services
layanan yang diberikan oleh Perseroan.                                          provided by the Company.

Program Peningkatan Layanan Kepada Konsumen                                     Consumer Service Improvement Program

• Pengendalian Kualitas Produk/Jasa.                                            • Product/Service Quality Control.
  Dalam menjalankan kegiatan usahanya, Perseroan                                  In carrying out its business activities, the Company
  selalu mengutamakan kualitas produk atau layanan                                always prioritizes product or service quality and consumer
  dan kepuasan konsumen atau nasabah. Tugu Insurance                              or customer satisfaction. Tugu Insurance is committed
  berkomitmen untuk meningkatkan dan menjaga kualitas                             to improving and maintaining products and services
  produk dan jasa yang bersinggungan langsung dengan                              quality that have direct contact with consumers or
  konsumen atau nasabah melalui kemudahan dalam                                   customers through convenience locations, friendly staff,
  menemukan lokasi, keramahan petugas, kesigapan                                  prompt service, comfort in service offices, suitability
  petugas dalam pelayanan, kenyamanan di kantor layanan,                          of prices with the products offered, and informative
  kesesuaian harga dengan produk yang ditawarkan, hingga                          promotional programs.
  program promosi yang informatif.

    Perseroan menempatkan konsumen atau nasabah                                    The Company considers consumers or customers as
    sebagai mitra bisnis yang akan membantu pencapaian                             business partners who will contribute to achieving the
    kinerja usaha. Kebijakan yang dijalankan Perseroan                             business performance. The policy implemented by
    menjamin hubungan kerja sama secara berkelanjutan                              the Company guarantees a sustainable cooperative
    dengan konsumen atau nasabah yang dilakukan secara                             relationship with consumers or customers which is
    transparan dan profesional dalam rangka memenuhi                               carried out transparently and professionally to fulfill
    kepuasan konsumen atau pelanggan dengan terus                                  consumer or customer satisfaction by continuously
    meningkatkan kualitas produk dan layanan.                                      improving the products and services quality.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                ANNUAL REPORT 2023      441
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      1   Kilas Kinerja          2   Laporan Manajemen    3   Profil Perusahaan     4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report        Company Profile           Management Discussion and Analysis




  • Kejelasan Informasi Produk.                                  • Clarity of Product Information.
    Tugu Insurance menyediakan berbagai informasi                  Tugu Insurance provides various necessary material
    material yang diperlukan secara transparan, terbuka,           information in a transparent, open, accurate, and timely
    akurat dan tepat waktu, sebagai dasar pengambilan              manner, as a basis for customers’ decision-making to
    keputusan bagi konsumen untuk menggunakan produk               use the Company’s products or services. Marketing
    atau jasa Perseroan. Kegiatan komunikasi pemasaran             communication activities are also an effort to protect the
    juga menjadi salah satu upaya untuk melindungi hak             rights of consumers or customers to obtain accurate,
    konsumen atau nasabah untuk memperoleh informasi               clear, and reliable information. The Company realizes that
    yang akurat, jelas, dan dapat dipercaya. Perseroan             effective communication and alignment with the services
    menyadari, komunikasi yang berjalan secara efektif dan         that match consumer expectations can create loyalty and
    selaras dengan layanan yang sesuai dengan harapan              long-term business relationships. The Company provides
    konsumen, dapat menciptakan loyalitas dan hubungan             various adequate communication facilities so that the
    bisnis jangka panjang. Perseroan menyediakan berbagai          quality of Tugu Insurance products and services can
    sarana komunikasi yang memadai, agar kualitas produk           always meet consumer or customer expectations, where
    dan layanan Tugu Insurance senantiasa dapat memenuhi           the Company's website is one of the ways.
    harapan konsumen atau nasabah, salah satunya melalui
    website Perusahaan.

  Biaya yang Dikeluarkan untuk Perlindungan                      Costs Incurred for Customer Protection
  Konsumen

  Adapun biaya yang dikeluarkan untuk merealisasikan             The cost incurred to accomplish the Company's social
  tanggung jawab sosial Perseroan di bidang perlindungan         responsibility in the customer protection field in
  pelanggan tahun 2023 adalah sebesar Rp1.152.543.320,-          2023 is IDR1,152,543,320, which is the cost for call
  yang merupakan biaya untuk layanan call center.                center services.

  Bersatu Aksi Kepedulian Tugu Insurance (Bakti                  Bersatu Aksi Kepedulian Tugu Insurance (Bakti
  TUGU)                                                          TUGU)

  Kegiatan TJSL Perseroan terbagi menjadi program Bakti          The Company's corporate social responsibility initiatives
  TUGU yang berfokus kepada 4 Pilar antara lain:                 are categorized into Bakti Tugu projects, which center in 4
                                                                 main pillars:
  1. Bakti TUGU Pilar Lingkungan Hidup.                          1. Bakti TUGU for Environmental Pillar.
     Kegiatan Bakti TUGU di tahun 2023 yang berhubungan              Bakti TUGU activities in 2023 related to the Environment
     pilar Lingkungan Hidup antara lain:                             pillar include:
     • Penanaman 250 bibit pohon mangrove dan                        • Planting 250 mangrove tree seedlings and building 20
         pembangunan infrastruktur boardwalk sepanjang                    meters of boardwalk infrastructure in Muara Angke,
         20 meter di Muara Angke, PIK, Jakarta Utara dalam                PIK, North Jakarta as a part of Jakarta Mangrove
         kegiatan Mangrove Jakarta dengan menggunakan                     activity using the 2022 accrual budget.
         anggaran akrual 2022.                                       • Planting 350 mangrove seedlings as a part of the BAF
     • Penanaman 350 bibit mangrove dalam kegiatan BAF                    Eco Move activity.
         Eco Move.                                                   • Planting 2,000 productive tree seedlings in
     • Penanaman 2000 bibit pohon produktif di Semarang,                  Semarang, Central Java as a part of the Nandur
         Jawa Tengah dalam kegiatan Nandur Pohon                          Pohon Sareng Tugu activity.
         Sareng Tugu.                                            2. Bakti TUGU for Education and Financial Literacy Pillars.
  2. Bakti TUGU Pilar Pendidikan dan Literasi Keuangan.              Bakti TUGU activities in 2023 related to the Education
     Kegiatan Bakti TUGU di tahun 2023 yang berhubungan              and Financial Literacy pillars include:
     pilar Pendidikan dan Literasi Keuangan antara lain:             • Renovation of TPQ Al-Kusuf and Infrastructure
     • Renovasi TPQ Al-Kusuf dan Sarana Prasarana Masjid                  Facilities of Masjid Raya Al-Kusuf Duren Sawit,
         Raya Al-Kusuf Duren Sawit, Jakarta.                              Jakarta.
     • Pembangunan ruang kelas SMP Pondok Pesantren                  • Construction of junior high school classrooms at
         Tahfidz Madinatur Rahma.                                         Madinatur Rahma Tahfidz Islamic Boarding School.
     • Coaching clinic dan edukasi sepak bola.                       • Coaching clinic and soccer education.
     • Program beasiswa dan literasi keuangan bersama                • Scholarship and financial literacy program with Karya
         Karya Salemba Empat.                                             Salemba Empat.



442       LAPORAN TAHUNAN 2023                                                              PT Asuransi Tugu Pratama Indonesia Tbk
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5     Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
      Corporate Governance                   Corporate Social Responsibility                   Audited Report




   • Bantuan pendidikan dan literasi keuangan bersama                              • Educational donations and financial literacy with
       Jelajah Pewarta Foto Ekonomi (JPEK).                                           Jelajah Pewarta Foto Ekonomi (JPEK).
   • Bantuan program pembangunan masjid dan sarana                                 • Donation for mosque construction program and
       pendidikan TPQ Masjid DKM At-Taqwa Erfina Kencana                              educational facilities for TPQ Masjid DKM At-Taqwa
       Regency, Cibinong – Bogor.                                                     Erfina Kencana Regency, Cibinong - Bogor.
   • Program Beasiswa Mahasiswa untuk Bekerja                                      • Student Scholarship Program for Work and Study.
       dan Belajar.                                                                • Training & Certification for employees.
   • Training & Certification untuk karyawan.                                   3. Bakti TUGU for Health and Safety Pillars.
3. Bakti TUGU Pilar Kesehatan dan Keselamatan.                                     Bakti TUGU activities in 2023 related to the Health and
   Kegiatan Bakti TUGU di tahun 2023 yang berhubungan                              Safety pillar include:
   pilar Kesehatan dan Keselamatan antara lain:                                    • Fifth anniversary of Alanbikers.com.
   • Pancawarsa Alanbikers.com.                                                    • Donation for medical accommodation and nutritional
   • Bantuan akomodasi medis dan kebutuhan nutrisi                                    needs of children with cancer.
       anak penderita kanker.                                                      • Construction of clean water facilities in Sukamanah
   • Pembangunan fasilitas air bersih di Desa Sukamanah,                              Village, Sumedang.
       Sumedang.                                                                   • Socialization of homecoming for the Healthy and Safe
   • Sosialisasi mudik dalam kegiatan Mudik Bareng                                    Homecoming program.
       Sehat dan Selamat.                                                          • Health webinar with the theme "Healthy Fasting and
   • Webinar kesehatan dengan judul "Puasa Sehat                                      be Productive in This World and the Hereafter with
       Produktif Dunia Akhirat bersama BPJS Kesehatan".                               BPJS Kesehatan".
   • Ambulance Gratis (wilayah Jabodetabek).                                       • Free Ambulance (Jabodetabek area).
   • Donor Darah.                                                                  • Blood Donation.
   • Vaksin booster ke-2.                                                          • 2nd booster vaccine.
4. Bakti TUGU Pilar Pemberdayaan Masyarakat.                                    4. Bakti TUGU for Community Empowerment Pillar.
   Kegiatan Bakti TUGU di tahun 2023 yang berhubungan                              Bakti TUGU activities in 2023 related to the Community
   pilar Pemberdayaan Masyarakat antara lain:                                      Empowerment pillar include:
   • Pembuatan rumah pasca gempa di Cianjur.                                       • Post-earthquake house construction in Cianjur.
   • Pemberdayaan kelompok tani di Semarang, Jawa                                  • The Nandur Pohon Sareng Tugu activity in Semarang,
       Tengah dalam kegiatan Nandur Pohon Sareng Tugu.                                Central Java to empower farmers in the region.

Biaya yang dikeluarkan untuk mendukung implementasi                             Costs incurred to support the implementation of CSR
kegiatan TJSL melalui rangkaian program Bakti TUGU di                           activities through a series of Bakti TUGU programs in 2023.
tahun 2023.


                               Kegiatan Bakti TUGU                                                         Biaya (Rp)
 No
                                Bakti TUGU Activities                                                      Costs (IDR)
 1      Pemberdayaan Masyarakat                                                                           254.072.000
        Community Empowerment
 2      Pendidikan & Literasi Keuangan                                                                    2.838.568.731
        Education & Financial Literacy
 3      Kesehatan & Keselamatan                                                                           460.478.021
        Health & Safety
 4      Lingkungan Hidup                                                                                  100.500.000
        Environtment
        Total Biaya                                                                                       3.653.618.752
        Total Costs


Selain itu, Perseroan turut berkontribusi dalam program                         In addition, the Company also contributes to programs
terkait Social Charity terutamanya di bidang Keagamaan dan                      related to Social Charity, especially for Religion, Arts and
Pengembangan Seni Budaya. Selama tahun 2023, total biaya                        Culture Development. Throughout 2023, the total costs
yang dikeluarkan untuk kegiatan Social Charity di bidang                        spent on Social Charity activities for Religion and Cultural
Keagamaan dan Pengembangan Seni Budaya adalah sebesar                           Arts Development amounted to IDR241,720,450.
Rp241.720.450,-.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                    ANNUAL REPORT 2023   443
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      1   Kilas Kinerja          2   Laporan Manajemen      3     Profil Perusahaan       4   Analisis dan Pembahasan Manajemen
          Performance Review         Management Report            Company Profile             Management Discussion and Analysis




  Adapun realisasi penyaluran dana untuk seluruh kegiatan            The realization of the distribution of funds for all activities
  terkait TJSL 2023 yag mengedepankan dukungan terhadap              related to 2023 TJSL which prioritizes support for SDGs is
  TBP adalah melalui fungsi Government, PR & CSR sebesar             through the Government, PR & CSR function of IDR962.86
  Rp962,86 juta, realisasi penyaluran dana melalui fungsi            million, the realization of the distribution of funds through
  Human Capital Management sebesar Rp2,93 miliar dan                 the Human Capital Management function of IDR2.93 billion
  Realisasi penyaluran dana melalui fungsi Compliance &              and the realization of the distribution of funds through the
  Quality Assurance sebesar Rp131,95 juta, sehingga total            Compliance & Quality Assurance function of IDR131.95
  realisasi dana yang dikeluarkan oleh Perseroan adalah              million, in total, the Company spent IDR4.03 billion for
  sebesar Rp4,03 miliar, dimana uraian atas hal ini di               CSR activities, with a detailed explanation in the 2023
  tuangkan dalam Laporan Keberlanjutan 2023.                         Sustainability Report.

  Di tahun 2023, Perseroan belum memiliki sertifikasi yang           In 2023, the Company did not have certification related to
  berkaitan dengan lingkungan hidup. Namun Perseroan                 the environment. However, the Company has become the
  menjadi leader konsorsium asuransi penyingkiran kerangka           leader of the insurance consortium for the evacuation of
  kapal termasuk tanggung jawab polusi di laut. Hal ini sebagai      shipwrecks including marine pollution liability. This is one
  salah satu komitmen Perseroan untuk terus berpartisipasi           of the Company's commitments to continue to actively
  aktif dalam mendukung pelestarian lingkungan.                      participate in supporting environmental conservation.




  Pemenuhan Surat Edaran
  Otoritas Jasa Keuangan Nomor 16/SEOJK.04/2021
  Fulfillment of Financial Services Authority Circular Letter Number 16/SEOJK.04/2021



  Sebagai bentuk pemenuhan kepatuhan Perseroan terhadap              To comply with the Financial Services Authority Regulation
  Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017             Number 51/POJK.03/2017 concerning the Implementation
  tentang Penerapan Keuangan Berkelanjutan bagi Lembaga              of Sustainable Finance for Financial Services Institutions,
  Jasa Keuangan, Emiten dan Perusahaan Publik, Tugu                  Issuer, and Public Companies, Tugu Insurance has also
  Insurance telah menyusun Laporan Keberlanjutan Tahun               prepared a 2023 Sustainability Report which is presented
  2023 yang disajikan secara terpisah dari Laporan                   separately from this Annual Report. This Sustainability
  Tahunan ini. Laporan Keberlanjutan ini merupakan laporan           Report is a periodic report that discloses the Company's
  berkala yang mengungkapkan Tanggung Jawab Sosial dan               Social and Environmental Responsibility which is prepared
  Lingkungan Perseroan yang disusun dengan mengacu                   in accordance with the Financial Services Authority Circular
  pada Surat Edaran Otoritas Jasa Keuangan No. 16/                   Letter No. 16/SEOJK.04/2021 concerning Form and Content
  SEOJK.04/2021 tentang Bentuk dan Isi Laporan Tahunan               of Annual Reports of Issuers or Public Companies.
  Emiten atau Perusahaan Publik.




444       LAPORAN TAHUNAN 2023                                                                    PT Asuransi Tugu Pratama Indonesia Tbk
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PT Asuransi Tugu Pratama Indonesia Tbk   ANNUAL REPORT 2023   445
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07
Laporan
Keuangan
Audited Report
Page 449

          
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      1     Kilas Kinerja                 2    Laporan Manajemen              3   Profil Perusahaan            4   Analisis dan Pembahasan Manajemen
            Performance Review                 Management Report                  Company Profile                  Management Discussion and Analysis




  Checklist AR 2023 dengan SK-16/S.MBU/2012
  tentang Indikator/Parameter Penilaian dan Evaluasi Atas
  Penerapan Tata Kelola Perusahaan yang Baik (Good
  Corporate Governance) pada Badan Usaha Milik Negara
  Checklist of AR 2023 with SK-16/S.MBU/2012 on Indicators/Parameters of Assessment
  and evaluation of Good Corporate Governance Implementation on State Owned Enterprises



                                                             Penjelasan Kriteria
                                                                                                                                               Checklist
                                                             Definition of Criteria
      Laporan Tahunan memenuhi ketentuan umum penyajian Laporan Tahunan.
      Annual Report fulfills the general provision of Annual Report presentation.
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Ketentuan umum.
               General Provision.
               a.     Laporan Tahunan disajikan dalam Bahasa Indonesia dan Bahasa Inggris secara berdampingan.
                      Annual Report shall be presented in Indonesian and English side by side.
               b.     Laporan Tahunan dicetak pada kertas yang berwarna terang agar mudah dibaca dan jelas.
                      Annual Report shall be printed on bright colored paper to make it easy and clear to read
               c.     Laporan tahunan mencantumkan identitas perusahaan dengan jelas, yakni terdapat tahun Laporan Tahunan dan
                      identitas perusahaan berupa nama perusahaan (bukan nama Group) di halaman depan (sampul), di samping
                      (yang dicetak dengan huruf yang jelas, mudah terbaca), halaman belakang (sampul) dan identitas perusahaan di
                      setiap halaman.
                      Annual Report shall clearly presents the Company identity in which it includes the year of Annual Report and the
                      identity of the Company along with its name (not group name) on the cover page (cover), on the side (printed in
                      clear font to make it easy to read), at the back page (cover) and contains Company identity on each page.
      (2)      Laporan Tahunan disajikan dalam website Perusahaan dan dapat diunduh. Yang dimaksud dengan website Perusahaan
               adalah website yang dimiliki sendiri atau oleh induk , bukan website pihak lain (contoh: tercantum di website
               Kementerian Negara perusahaan atau website BEI).
               The Annual Report shall be presented and can be downloaded on the Company's website. The Company's website is a
               website owned by itself or by its parent entity, not the website of another party (for example: listed on the website of the
               Ministry of State of the company or the IDX website).
      Laporan Tahunan memuat mengenai Ikhtisar Data Keuangan Penting.
      The Annual Report contains Overview of Important Financial Data
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Perusahaan menyajikan infonmasi keuangan (laporan posisi keuangan, laporan laba rugi komprehensif, rasio-rasio
               keuangan secara umum dan yang relevan dengan industri perusahaan) dalam bentuk perbandingan selama 5 (lima)
               tahun buku.                                                                                                                       20-25
               The Company shall present financial information (statement of financial position, comprehensive income statement,
               general financial ratios and those relevant to the Company's industry) in comparative form for 5 (five) fiscal years.
      (2)      Laporan Tahunan wajib memuat informasi harga Saham tertinggi, terendah, dan penutupan, serta jumlah Saham yang
               diperdagangkan (dicatatkan) untuk setiap masa triwulan dalam 2 (dua) tahun buku terakhir Uika ada). Harga Saham
               sebelum perubahan penmodalan terakhir wajib disesuaikan dalam hal te adi antara lain karena pemecahan Saham,
               dividen Saham, dan Saham bonus dslsm bentuk grafik dan label (NA jika listed company hanya menerbitkan obligasi
               atau non listed company).                                                                                                         26-27
               The Annual Report shall contain information on the highest, lowest, and closing share prices, as well as the number
               of shares traded (listed) for each quarter in the last 2 (two) fiscal years of existence. The share price before the last
               capital change must be adjusted in the following cases, among others, due to stock splits, stock dividends and bonus
               shares, etc. in the form of graphs and labels (NA if the listed company only issues bonds or is a non-listed company).




448       LAPORAN TAHUNAN 2023                                                                                          PT Asuransi Tugu Pratama Indonesia Tbk
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5      Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
       Corporate Governance                   Corporate Social Responsibility                    Audited Report




                                                       Penjelasan Kriteria
                                                                                                                                       Checklist
                                                       Definition of Criteria
 (3)      Laporan Tahunan wajib memuat infonmasi jumlah obligasi atau obligasi konvertibel yang diterbitkan yang masih beredar,
          tingkat bunga, dan tanggal jatuh tempo dalam 2 (dua) tahun buku terakhir: (1) Jumlah obligasi/obligasi konversi yang
          beredar; (2) Tingkat bunga; (3) Tanggal jatuh tempo; (4) Peringkat obligasi (NA jika tidak menerbitkan obligasi/non listed
          company).                                                                                                                       29
          The Annual Report shall contain information on the number of bonds or convertible bonds issued which are still
          outstanding, interest rates, and maturity dates in the last 2 (two) fiscal years: (1) Number of bonds/convertible bonds
          outstanding; (2) Interest rate; (3) Due date; (4) Bond rating (NA if not issuing bonds/non-listed company).
 Laporan Tahunan memuat Laporan Dewan Komisaris/Dewan Pengawas dan Laporan Direksi.
 The Annual Report contains the Board of Commissioners/Supervisory Board Report and the Board of Directors' Report.
 Faktor-faktor yang Diuji Kesesuaian Penerapannya:
                                                                                                                                         38-46
 Factors Tested for Compliance of Implementation:
 (1)      Laporan Dewan Komisaris/Dewan Pengawas memuat hal-hal:
          The Board of Commissioners/Supervisory Board report contains the following matters:
          a.     Penilaian kinerja direksi mengenai pengelolaan perusahaan;
                 Assessment of the board of directors’ performance regarding company management;
          b.     Pandangan alas prospek usaha perusahaan yang disusun oleh direksi;
                 Outlook of the company's business prospects prepared by the board of directors;
          c.     Komite-komite yang berada dibawah pengawasan Dewan Komisaris/Dewan Pengawas;
                 Committees under the supervision of the Board of Commissioners/Supervisory Board;
          d.     Perubahan komposisi dewan komisaris/Dewan Pengawas Uika ada).
                 Changes in the composition of the board of commissioners/supervisory board (if any).
 (2)      Laporan Direksi memuat hal-hal:
                                                                                                                                         47-57
          The Directors' Report contains the following matters:
          a.     Kinerja perusahaan mencakup antara lain kebijakan strategis, perbandingan antara hasil yang dicapai dengan
                 yang ditargetkan, dan kendala-kendala yang dihadapi perusahaan;
                 Company performance includes strategic policies, a comparison between the results achieved and those
                 targeted, and the obstacles faced by the Company;
          b.     Prospek usaha;
                 Business prospects;
          c.     Penerapan Tata Kelola Perusahaan yang Baik yang telah dilaksanakan oleh perusahaan;
                 Implementation of Good Corporate Governance by the Company;
          d.     Perubahan komposisi direksi (Jika ada).
                 Changes in the composition of the board of directors (if any).
 (3)      Tanda tangan anggota direksi dan anggota dewan komisaris/dewan pengawas memuat hal-hal:
          The signatures of members of the board of directors and members of the board of commissioners/supervisory board                58-59
          contain the following:
          a.     Tanda tangan dituangkan pada lembaran tersendiri;
                 The signature is written on a separate sheet;
          b.     Pernyataan bahwa direksi dan dewan komisaris/dewan pengawas bertanggung jawab penuh alas kebenaran isi
                 laporan tahunan;
                 A statement that the directors and board of commissioners/supervisory board are fully responsible for the
                 accuracy of the contents of the annual report;
          c.     Ditandatangani seluruh anggota dewan komisaris/dewan pengawas dan anggota direksi dengan menyebutkan
                 nama dan jabatannya;
                 Signed by all members of the board of commissioners/supervisory board and members of the board of directors
                 by stating their names and positions;
          d.     Penjelasan tertulis dalam surat tersendiri dari ybs dalam hal terdapat anggota dewan komisaris/dewan
                 pengawas atau direksi yang tidak menandatangani laporan tahunan, atau penjelasan tertulis dalam surat
                 tersendiri dari anggota yang lain dalam hal tidak terdapat penjelasan tertulis dari yang bersangkutan.
                 Written explanation in a separate letter from the person concerned in case there is member(s) of the board of
                 commissioners/supervisory board or board of directors who do not sign the annual report, or written explanation
                 in a separate letter from other members in case there is no written explanation from the person concerned.
          Laporan tahunan ditandatangani oleh semua anggota Direksi dan semua anggota dewan komisaris/dewan pengawas
          yang menjabat pada tahun buku yang bersangkutan dan disediakan di kantor Perseroan sejak tanggal panggilan RUPS
          untuk dapat diperiksa oleh pemegang Saham.
          The annual report is signed by all members of the board of directors and all members of the board of commissioners/
          supervisory board who served in the relevant fiscal year and is provided at the Company's office from the date of the
          summons to the GMS for inspection by Shareholders.




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            Performance Review                Management Report                  Company Profile              Management Discussion and Analysis




                                                            Penjelasan Kriteria
                                                                                                                                          Checklist
                                                            Definition of Criteria
      Laporan Tahunan memuat profil perusahaan secara lengkap
      The Annual Report contains a complete company profile
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Nama dan alamat perusahaan, antara lain mencakup informasi tentang nama dan alamat, kode pas, no. Telp & atau
               no. Fax, email, dan website.
                                                                                                                                              62
               Company name and address, including information about name and address, pass code, telephone & fax numbers,
               email, and website.
      (2)      Riwayat singkat perusahaan mencakup antara lain: tanggal/tahun pendirian, nama dan perubahan nama perusahaan
               jika ada.                                                                                                                    63-65
               A brief company history includes: date/year of establishment, name and changes to the Company name, if any.
      (3)      Bidang usaha meliputi jenis produk dan atau jasa yang dihasilkan.
                                                                                                                                            74-83
               The line of business includes the types of products and/or services given.
      (4)      Struktur Organisasi dalam bentuk bagan, meliputi nama dan jabatan.
                                                                                                                                            88-89
               Organizational structure in chart form, including names and positions.
      (5)      Visi dan Misi Perusahaan yang mencakup: (a) Penjelasan tentang visi perusahaan; (b) Penjelasan tentang misi
               perusahaan.
                                                                                                                                              70
               Company Vision and Mission which includes: (a) Explanation of the Company vision; (b) Explanation of the Company
               mission.
      (6)      Nama, jabatan, dan riwayat hidup singkat anggota Dewan Komisaris/Dewan Pengawas (umur, pendidikan dan
               pengalaman kerja).
                                                                                                                                           90-103
               Names, positions and brief biographies of members of the Board of Commissioners/Supervisory Board (age, education
               and work experience).
      (7)      Nama, jabatan, dan riwayat hidup singkat anggota direksi (umur, pendidikan, dan pengalaman kerja).
                                                                                                                                           104-117
               Names, positions and brief biographies of members of the board of directors (age, education and work experience).
      (8)      Jumlah Karyawan (komparatif 2 tahun) dan deskripsi pengembangan kompetensinya (misal: aspek pendidikan dan
               pelatihan karyawan). lnformasi paling sedikit memuat antara lain:
                                                                                                                                           118-128
               Number of employees (comparative 2 years) and description of competency development (eg: aspects of employee
               education and training). Information that at least includes:
               a.     Jumlah karyawan untuk masing-masing level organisasi;
                      Number of employees for each organizational level;
               b.     Jumlah karyawan untuk masing-masing tingkat pendidikan;
                      Number of employees for each education level;
               C.     Pelatihan karyawan yang telah dan akan dilakukan;
                      Employee training that has been and will be carried out;
               d.     Adanya persamaan kesempatan kepada seluruh karyawan;
                      There is equality of opportunity for all employees;
               e.     Biaya yang telah dikeluarkan.
                      Cost expenditure
      (9)      Komposisi Pemegang Saham mencakup antara lain:
                                                                                                                                           129-132
               Shareholder composition includes:
               a.     Nama pemegang Saham yang memiliki 5% atau lebih Saham;
                      Name of Shareholder who owns 5% or more of the Shares;
               b.     Direktur dan komisaris yang memiliki Saham (Direksi dan Dewan Komisaris/Dewan Pengawas wajib melaporkan
                      kepada perusahaan mengenai kepemilikan Sahamnya dan/atau keluarganya pada perusahaan yang
                      bersangkutan dan perusahaan lain, termasuk setiap perubahannya);
                      Directors and commissioners who own shares (Directors and Board of Commissioners/Supervisory Board are
                      required to report to the Company regarding their and/or family's share ownership in the Company concerned
                      and other companies, including any changes thereto);
               c.     Pemegang Saham masyarakat dengan kepemilikan Saham masing- masing kurang dari 5%.
                      Public shareholders with individual share ownership of less than 5%.




450       LAPORAN TAHUNAN 2023                                                                                    PT Asuransi Tugu Pratama Indonesia Tbk
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5   Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
    Corporate Governance                     Corporate Social Responsibility                    Audited Report




                                                      Penjelasan Kriteria
                                                                                                                                      Checklist
                                                      Definition of Criteria
 (10)   Daftar Anak Perusahaan dan atau Perusahaan Asosiasi antara lain memuat informasi:
                                                                                                                                       134-136
        The List of Subsidiaries and/or Associated Companies includes, among other things, information:
        a.      Nama Anak Perusahaan/Perusahaan Asosiasi;
                Name of Subsidiary/Associated Company;
        b.      % Kepemilikan Saham;
                Shareholding Percentage;
        c.      Keterangan tentang bidang usaha anak perusahaan atau perusahaan asosiasi;
                Information about the line of business of the subsidiary or associated company;
        d.      Keterangan status operasi perusahaan anak atau perusahaan asosiasi (telah beroperasi atau belum
                beroperasi).
                Information on the operational status of subsidiary companies or associated companies (already operating or
                not yet operating).
        Catatan:
        Note:
        •    Bila perusahaan tidak mempunyai anak perusahaan tetapi mempunyai perusahaan asosiasi tetap diberlakukan
             kriteria penilaian diatas.
             If the company does not have subsidiaries but has associated companies, the above assessment criteria still apply.
        •    Tentang ada/tidaknya perusahaan anak dan perusahaan asosiasi dapat dipastikan di catatan atas laporan
             keuangan bagian investasi jangka panjang atau dengan diketahui pada judul laporan keuangan (konsolidasi atau
             tidak).
             The presence or absence of subsidiaries and associated companies can be confirmed in the notes to the financial
             statements under long-term investments or by noting the title of the financial statements (consolidated or not).
 (11)   Kronologis pencatatan Saham, antara lain memuat informasi:
                                                                                                                                       134-136
        The chronology of Share listing includes, among other things, information:
        a.      Kronologis pencatatan Saham;
                Chronology of Share listing;
        b.      Jenis tindakan perusahaan (corporate action) yang menyebabkan perubahan jumlah Saham;
                Type of corporate action that causes changes in the number of shares;
        C.      Perubahan jumlah Saham dari awal pencatatan sampai dengan akhir tahun buku;
                Changes in the number of Shares from the beginning of registration to the end of the fiscal year;
        d.      Nama bursa dimana Saham perusahaan dicatatkan (NA bagi listed company yang hanya menerbitkan obligasi
                atau non listed company).
                Name of the exchange in which the Company's shares are listed (NA for listed companies that only issue bonds
                or non-listed companies).
 (12)   Kronologis pencatatan Efek lainnya mencakup antara lain:
                                                                                                                                       134-136
        The chronology of other Securities recording includes:
        a.      Kronologis pencatatan efek lainnya;
                Chronology of recording of other securities;
        b.      Jenis tindakan perusahaan (corporate action) yang menyebabkan perubahan jumlah efek lainnya;
                Type of corporate action that causes changes in the number of other securities;
        C.      Perubahan jumlah efek lannya dari awal pencatatan sampai dengan akhir tahun buku;
                Changes in the number of other securities from the beginning of recording until the end of the fiscal year;
        d.      Nama Bursa dimana efek lainnya perusahaan dicatatkan;
                Name of the exchange in which the Company's other securities are listed;
        e.      Peringkat efek (NA listed company yang hanya menerbitkan Saham atau non listed company).
                Securities rating (NA listed company that only issues shares or non-listed company).




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                        ANNUAL REPORT 2023   451
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      1     Kilas Kinerja                  2   Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
            Performance Review                 Management Report                 Company Profile                 Management Discussion and Analysis




                                                             Penjelasan Kriteria
                                                                                                                                             Checklist
                                                             Definition of Criteria
      (13)     Nama dan alamat lembaga dan atau profesi penunjang pasar modal memuat antara lain:
                                                                                                                                                139
               The name and address of the capital market supporting institution and/or profession includes, among other things:
               a.      Nama dan alamat BAE;
                       Names and addresses Securities Administration Bureau;
               b.      Nama dan alamat Kantor Akuntan Publik;
                       Name and address of the Public Accounting Firm;
               c.      Nama dan alamat perusahaan pemeringkat efek.
                       Name and address of securities rating company.
               Catalan:
               Note:
               •    Untuk perusahaan yg hanya menerbitkan Saham, dianggap lengkap jika kriteria a & b terpenuhi
                    For companies that only issue shares, it is considered complete if criteria a & b are fulfilled
               •    untuk perusahaan yg hanya menerbitkan obligasi, dianggap lengkap jika kriteria b & c terpenuhi;
                    For companies that only issue bonds, it is considered complete if criteria b & c are fulfilled;
               •    Untuk perusahaan yag menerbitkan Saham & obligasi, dianggap lengkap jika semua kriteria terpenuhi
                    For companies that issue shares and bonds, it is considered complete if all criteria are fulfilled
      (14)     Akuntan Perseroan memuat antara lain:
                                                                                                                                                138
               The Company's Accountant includes, among other things:
               a.      Berapa periode audit akuntan publik telah mengaudit laporan keuangan perusahaan;
                       How many audit periods have public accountants audited the Company's financial statements;
               b.      Berapa periode audit kantor akuntan publik telah mengaudit laporan keuangan perusahaan; (3) Besarnya fee
                       audit; (4) Jasa lain yang diberikan akuntan selain jasa financial audit.
                       How many audit periods has the public accounting firm audited the Company's financial statements; (3) The
                       amount of the audit fee; (4) Other services provided by accountants apart from financial audit services.
      (15)     Penghargaan dan sertifikasi yang diterima perusahaan baik yang berskala nasional maupun internasional memuat
               antara lain:                                                                                                                     6-17
               Awards and certifications received by companies, both national and international, include:
               a.      Masa berlaku
                       Valid date
               b.      Nama penghargaan/sertifikasi (berskala nasional dan intemasional);
                       Name of award/certification (national and international scale);
               C.      Tahun perolehan;
                       Awarding year
               d.      Badan pemberi penghargaan/sertifikasi;
                       Awardee/Certificators
      (16)     Nama dan alamat anak perusahaan dan atau kantor cabang atau kantor perwakilan Uika ada).
                                                                                                                                               84-86
               Name and address of subsidiaries and/or branch offices or representative offices (if any).
      Laporan Tahunan memuat bagian tersendiri mengenai Analisa dan Pembahasan Manajamen atas Kinerja Perusahaan.
      The Annual Report contains a separate section regarding Management Analysis and Discussion of Company Performance.
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Tinjauan operasi per segmen usaha, memuat uraian mengenai: (1) produksi; (2) penjualan/ pendapatan usaha;
               (3) profitabilitas; (4) Peningkatan/ penurunan kapasitas produksi untuk masing-masing segmen usaha (NA untuk
               perusahaan yang tidak mempunyai segmen).
                                                                                                                                              159-163
               Review of operations per business segment, containing descriptions of: (1) production; (2) sales/business income; (3)
               profitability; (4) Increase/decrease in production capacity for each business segment (NA for companies that do not
               have segments).
      (2)      Uraian atas Kinerja Keuangan Perusahaan yakni analisis kinerja keuangan yang mencakup perbandingan antara kinerja
               keuangan tahun yang bersangkutan dengan tahun sebelumnya {dalam bentuk narasi dan tabel) , antara lain mengenai:
               (1) aktiva lancar, aktiva tidak lancar, dan jumlah aktiva; (2) kewajiban lancar, kewajiban tidak lancar, dan jumlah
               kewajiban; (3) penjualan/pendapatan usaha; (4) beban usaha; (5) laba/rugi bersih.
                                                                                                                                              164-175
               Description of the Company's Financial Performance, namely an analysis of financial performance which includes a
               comparison between the financial performance of the year in question and the previous year (in the form of narratives
               and tables), including regarding: (1) current assets, non-current assets and total assets; (2) current liabilities, non-
               current liabilities, and total liabilities; (3) sales/business income; (4) operating expenses; (5) net profit/loss.




452       LAPORAN TAHUNAN 2023                                                                                        PT Asuransi Tugu Pratama Indonesia Tbk
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5      Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan                 7   Laporan Keuangan
       Corporate Governance                    Corporate Social Responsibility                      Audited Report




                                                         Penjelasan Kriteria
                                                                                                                                          Checklist
                                                         Definition of Criteria
 (3)      Bahasan dan analisis tentang kemampuan membayar hutang dan tingkat kolektibilitas piutang Perusahaan antara lain
          memuat penjelasan tentang: (1) kemampuan membayar hutang; (2) tingkat kolektibilitas piutang.
                                                                                                                                           176-178
          The discussion and analysis regarding solvency and the level of collectability of the Company's receivables includes,
          among other things, explanations about: (1) solvency; (2) level of collectability of receivables.
 (4)      Bahasan tentang struktur modal (capital structure), kebijakan manajemen atas struktur modal (capital structure
          policies), dan tingkat likuiditas perusahaan (liquidity) antara lain penjelasan atas: (1) struktur modal (capital structure);
          (2) kebijakan manajemen atas struktur modal (capital structure policies); (3) tingkat likuiditas perusahaan (liquidity).
                                                                                                                                           179-180
          Discussions about capital structure, management policies on capital structure and the level of company liquidity include
          explanations of: (1) capital structure; (2) management policies on capital structure (capital structure policies); (3) the
          level of company liquidity (liquidity).
 (5)      Bahasan mengenai ikatan yang material untuk investasi barang modal memuat antara lain penjelasan tentang: (1)
          tujuan dari ikatan tersebut; (2) sumber dana yang diharapkan untuk memenuhi ikatan-ikatan tersebut: (3) mata uang
          yang menjadi denominasi; (4) langkah-langkah yang direncanakan perusahaan untuk melindungi risiko dari posisi mata
          uang asing yang terkait.                                                                                                           180
          The discussion regarding material bonds for investment in capital goods includes, among other things, an explanation
          of: (1) the purpose of the bond; (2) the source of funds expected to fulfil the obligations: (3) the currency in which they
          are denominated; (4) the Company's planned steps to hedge the risks of the related foreign currency positions.
 (6)      Bahasan dan analisis tentang informasi keuangan yang telah dilaporkan yang mengandung kejadian yang sifatnya luar
          biasa dan jarang terjadi.                                                                                                          188
          Discussion and analysis of reported financial information that contains extraordinary and rare events.
 (7)      Uraian tentang komponen-komponen substansial dari pendapatan dan beban lainnya, untuk dapat mengetahui hasil
          usaha perusahaan.
                                                                                                                                           164-175
          A description of the substantial components of income and other expenses, to be able to determine the Company's
          business results.
 (8)      Jika laporan keuangan mengungkapkan peningkatan atau penurunan yang material dari penjualan atau pendapatan
          bersih, maka wajib disertai dengan bahasan tentang sejauh mana perubahan tersebut dapat dikaitkan antara lain
          dengan, jumlah barang atau jasa yang dijual, dan atau adanya produk atau jasa baru.
                                                                                                                                           164-175
          If the financial report reveals a material increase or decrease in sales or net income, it must be accompanied by a
          discussion of the extent to which the change can be related, among other things, to the number of goods or services
          sold, and/or the existence of new products or services.
 (9)      Bahasan tentang dampak perubahan harga terhadap penjualan atau pendapatan bersih perusahaan serta laba operasi
          perusahaan selama 2 {dua) tahun atau sejak perusahaan memulai usahanya, jika baru memulai usahanya kurang dari
          2 (dua) tahun.
                                                                                                                                             189
          Discussion of the impact of price changes on the Company's sales or net income as well as the Company's operating
          profit for 2 (two) years or since the Company started its business, if it has only started its business for less than 2
          (two) years.
 (10)     lnformasi dan fakta material yang terjadi setelah tanggal laporan akuntan, termasuk dampaknya terhadap kinerja dan
          risiko usaha di masa mendatang.
                                                                                                                                             181
          Material information and facts that occur after the date of the accountant's report, including their impact on future
          business performance and risks.
 (11)     Uraian tentang prospek usaha perusahaan sehubungan dengan industri, ekonomi secara umum dan pasar intemasional
          serta dapat disertai data pendukung kuantitatif jika ada sumber data yang layak dipercaya.
                                                                                                                                           182-183
          A description of the company's business prospects in relation to industry, the general economy and international
          markets and can be accompanied by quantitative supporting data if there is a reliable data source.
 (12)     Uraian tentang aspek pemasaran atas produk dan jasa perusahaan, antara lain meliputi pangsa pasar.
                                                                                                                                             185
          Description of the marketing aspects of the company's products and services, including market share.
 (13)     Pemyataan mengenai kebijakan dividen dan tanggal serta jumlah dividen kas per Saham dan jumlah dividen per tahun
          yang diumumkan atau dibayar selama 2 (dua) tahun buku terakhir, memuat uraian mengenai: (1) besarnya deviden
          untuk masing-masing tahun; (2) besarnya Payout Ratio.
                                                                                                                                             186
          Statement regarding dividend policy and the date and amount of cash dividends per share and the amount of annual
          dividends declared or paid during the last 2 (two) fiscal years, containing a description of: (1) the amount of dividends
          for each year; (2) the amount of the Payout Ratio.
 (14)     Realisasi penggunaan dana hasil penawaran umum, memuat uraian mengenai:
          (1) total perolehan dana; (2) rencana penggunaan dana; (3) rincian penggunaan dana; (4) saldo; (5) perubahan
          penggunaan dana Qika ada)--(NA untuk non listed company).
                                                                                                                                           187-188
          The realization of the use of funds from the public offering includes a description of:
          (1) total fund acquisition; (2) plan for use of funds; (3) details of use of funds; (4) balance; (5) changes in the use of
          funds (if any) (NA for non-listed companies).




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      1     Kilas Kinerja                 2   Laporan Manajemen              3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
            Performance Review                Management Report                  Company Profile                 Management Discussion and Analysis




                                                            Penjelasan Kriteria
                                                                                                                                             Checklist
                                                            Definition of Criteria
      (15)     lnformasi material, antara lain mengenai investasi, ekspansi, divestasi, akuisisi, restrukturisasi hutang/modal,
               transaksi yang mengandung benturan kepentingan dan sifat transaksi dengan pihak afiliasi.
                                                                                                                                              189-195
               Material information, including regarding investment, expansion, divestment, acquisition, debt/capital restructuring,
               transactions containing conflicts of interest and the nature of transactions with affiliated parties.
      (16)     Uraian mengenai perubahan peraturan perundang-undangan yang berpengaruh signifikan terhadap perusahaan dan
               dampaknya terhadap laporan keuangan.
                                                                                                                                                196
               Description of changes in laws and regulations that have a significant impact on the company and their impact on
               financial statements.
      (17)     Uraian mengenai perubahan kebijakan akuntansi, alasan dan dampaknya terhadap laporan keuangan.
                                                                                                                                              196-197
               Description of changes in accounting policies, reasons and impact on financial statements.
      Laporan Tahunan memuat pengungkapan praktik Tata Kelola Perusahaan yang Baik.
      The Annual Report contains disclosures of Good Corporate Governance practices.
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Uraian Dewan Komisaris/Dewan Pengawas memuat antara lain: (1). Uraian pelaksanaan tugas Dewan Komisaris/
               Dewan Pengawas; (2) Pengungkapan prosedur penetapan dan besarnya remunerasi anggota Dewan Komisaris/Dewan
               Pengawas; (3) Frekuensi pertemuan; (4)Tingkat kehadiran Dewan Komisaris/Dewan Pengawas dalam pertemuan.                     232-246 (Dekom)
               The description of the Board of Commissioners/Supervisory Board includes: (1). Description of the implementation of
               the duties of the Board of Commissioners/Supervisory Board; (2) Disclosure of procedures for determining and amount          276-280 (DPS)
               of remuneration for members of the Board of Commissioners/Supervisory Board; (3) Frequency of meetings; (4) The
               level of attendance of the Board of Commissioners/Supervisory Board at meetings.
      (2)      Uraian Direksi memuat antara lain: (1) Ruang lingkup pekerjaan dan tanggung jawab masing-masing anggota Direksi;
               (2) Pengungkapan prosedur penetapan dan besarnya remunerasi anggota direksi, yang meliputi gaji, fasilitas, dan/
               atau tunjangan lain yang diterima dari perusahaan yang bersangkutan dan anak perusahaan/perusahaan patungan
               perusahaan yang bersangkutan; (3) Frekuensi pertemuan; (4) tingkat kehadiran anggota direksi dalam pertemuan;
               (5) Program pelatihan dalam rangka meningkatkan kompetensi direksi.
               The description of the Board of Directors includes, among other things: (1) The scope of work and responsibilities of          247-263
               each member of the Board of Directors; (2) Disclosure of procedures for determining and the amount of remuneration
               for members of the board of directors, which includes salaries, facilities and/or other benefits received from the
               company concerned and the subsidiary/joint company of the company concerned; (3) Frequency of meetings; (4) the
               level of attendance of members of the board of directors at meetings; (5) Training program in order to improve the
               competency of directors.
      (3)      Komite Audit mencakup antara lain: (1) Nama, jabatan, dan riwayat hidup singkat anggota komite audit; (2) Uraian tugas
               dan tanggung jawab; (3) Frekuensi pertemuan dan tingkat kehadiran komite audit; (4) Laporan singkat pelaksanaan
               kegiatan komite audit; (5) lndependensi anggota komite audit
               The Audit Committee includes, among other things: (1) Names, positions and brief biographies of audit committee                281-293
               members; (2) Description of duties and responsibilities; (3) Frequency of audit committee meetings and attendance
               level; (4) Brief report on the implementation of audit committee activities; (5) Independence of audit committee
               members
      (4)      Komite nominasi dan remunerasi mencakup antara lain: (1) Nama, jabatan, dan riwayat hidup singkat anggota komite
               nominasi dan remunerasi; (2) lndependensi anggota komite nominasi dan remunerasi; (3) Uraian tugas dan tanggung
               jawab; (4) Uraian pelaksanaan kegiatan komite nominasi dan remunerasi; (5) Frekuensi pertemuan dan tingkat
               kehadiran komite nominasi dan remunerasi.
               The nomination and remuneration committee includes, among other things: (1) Names, positions and brief biographies             294-306
               of members of the nomination and remuneration committee; (2) Independence of nomination and remuneration
               committee members; (3) Description of duties and responsibilities; (4) Description of the activities of the nomination
               and remuneration committee; (5) Frequency of meetings and level of attendance of the nomination and remuneration
               committee.
      (5)      Komite manajemen risiko mencakup antara lain: (1) Nama, jabatan, dan riwayat hidup singkat anggota komite
               pemantauan risiko; (2) lndependensi anggota komite pemantauan risiko; (3) Uraian tugas dan tanggung jawab; (4)
               Uraian pelaksanaan kegiatan komite pemantauan risiko; (5) Frekuensi pertemuan dan tingkat kehadiran komite
               pemantauan risiko.
                                                                                                                                              307-314
               The risk management committee includes, among other things: (1) Names, positions and brief biographies of members
               of the risk monitoring committee; (2) Independence of risk monitoring committee members; (3) Description of duties
               and responsibilities; (4) Description of the implementation of the risk monitoring committee activities; (5) Frequency of
               meetings and level of attendance of the risk monitoring committee.




454       LAPORAN TAHUNAN 2023                                                                                        PT Asuransi Tugu Pratama Indonesia Tbk
Page 457
5      Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan                 7   Laporan Keuangan
       Corporate Governance                    Corporate Social Responsibility                      Audited Report




                                                         Penjelasan Kriteria
                                                                                                                                          Checklist
                                                         Definition of Criteria
 (6)      Uraian tugas dan Fungsi Sekretaris Perusahaan mencakup antara lain:
          (1) Nama dan riwayat jabatan singkat sekretaris perusahaan; (2) Uraian pelaksanaan tugas sekretaris perusahaan.
          The description of the duties and functions of the Corporate Secretary includes:                                                 343-355
          (1) Name and brief position history of the company secretary; (2) Description of the implementation of the duties of the
          company secretary.
 (7)      Uraian mengenai pelaksanaan pengawasan dan pengendalian intern (internal audit and control)
                                                                                                                                           365-368
          Description of the implementation of internal supervision and control (internal audit and control)
 (8)      Uraian tentang Unit Audit internal mencakup antara lain: (1) lnformasi tentang keberadaan Unit Audit Internal; (2)
          Penjelasan tentang Piagam Audit Internal; (3) Penjelasan mengenai tugas dan tanggung jawab Unit Audit Internal; (4)
          Uraian pelaksanaan kegiatan Unit Audit Internal; (5) Nama dan riwayat hidup singkat kepala Unit Audit Internal.
          The description of the Internal Audit Unit includes: (1) Information about the existence of the Internal Audit Unit; (2)         354-362
          Explanation of the Internal Audit Charter; (3) Explanation of the duties and responsibilities of the Internal Audit Unit; (4)
          Description of the implementation of Internal Audit Unit activities; (5) Name and brief curriculum vitae of the head of the
          Internal Audit Unit.
 (9)      Uraian mengenai manajemen risiko perusahaan mencakup antara lain: (1) Penjelasan mengenai risiko-risiko yang
          dihadapi perusahaan (misalnya risiko yang disebabkan oleh fluktuasi kurs atau suku bunga, persaingan usaha, pasokan
          bahan baku, ketentuan negara lain atau peraturan internasional, dan kebijakan pemerintah); (2) Upaya untuk mengelola
          risiko tersebut.                                                                                                                 369-386
          A description of the company's risk management includes: (1) An explanation of the risks faced by the company (for
          example, risks caused by exchange rate or interest rate fluctuations, business competition, supply of raw materials,
          provisions of other countries or international regulations, and government policies) ; (2) Efforts to manage these risks.
 (10)     Uraian mengenai aktivitas dan biaya yang dikeluarkan berkaitan dengan tanggung jawab sosial perusahaan terutama
          mengenai komitmen perusahaan terhadap perlindungan konsumen mencakup antara lain informasi tentang: (1)
          Pembentukan Pusat Pengaduan Konsumen; (2) Program peningkatan layanan kepada konsumen; (3) Biaya yang telah
          dikeluarkan.                                                                                                                     440-444
          A description of the activities and costs incurred in relation to corporate social responsibility, especially regarding the
          company's commitment to consumer protection, includes, among other things, information about: (1) Establishment of
          a Consumer Complaints Center; (2) Service improvement program for consumers; (3) Costs that have been incurred.
 (11)     Uraian mengenai aktivitas dan biaya yang dikeluarkan berkaitan dengan tanggung jawab sosial perusahaan terutama
          mengenai "community development program" yang telah dilakukan, rnencakup antara lain informasi tentang: (1) Mitra
          Usaha binaan Perusahaan; (2) Program pengembangan pendidikan; (3) Program perbaikan kesehatan; (4) Program
          pengembangan seni budaya; (5) Biaya yang telah dikeluarkan.
                                                                                                                                           442-444
          Description of activities and costs incurred in relation to corporate social responsibility, especially regarding the
          "community development program" that has been carried out, includes, among other things, information about: (1)
          Business Partners fostered by the Company; (2) Educational development program; (3) Health improvement program;
          (4) Arts and culture development program; (5) Costs that have been incurred.
 (12)     Uraian mengenai aktivitas dan biaya yang dikeluarkan berkaitan dengan tanggung jawab sosial perusahaan terutama
          aktivitas lingkungan, mencakup antara lain informasi tentang (1) Aktivitas pelestarian lingkungan (2) Aktivitas
          pengelolaan lingkungan; (3) sertifikasi alas pengelolaan lingkungan; (4) Biaya yang telah dikeluarkan.
                                                                                                                                           442-444
          Description of activities and costs incurred in relation to corporate social responsibility, especially environmental
          activities, includes, among other things, information about (1) Environmental preservation activities (2) Environmental
          management activities; (3) environmental management certification; (4) Costs that have been incurred.
 (13)     Perkara penting yang sedang dihadapi oleh perusahaan, Direksi dan anggota Dewan Komisaris/Dewan Pengawas yang
          sedang menjabat dan klaim material yang diajukan oleh dan/atau terhadap perusahaan, dan perkara yang ada di badan
          peradilan atau badan arbitrase yang melibatkan perusahaan, mencakup antara lain: (1) pokok perkara/gugatan; (2)
          kasus posisi; (2) status penyelesaian perkara/gugatan; (4) pengaruhnya terhadap kondisi keuangan perusahaan.
                                                                                                                                           397-398
          Important cases currently being faced by the company, the Board of Directors and current members of the Board of
          Commissioners/Supervisory Board and material claims submitted by and/or against the company, and cases before
          the judiciary or arbitration Board of Directorsies involving the company, include: (1) main case/lawsuit; (2) positional
          cases; (2) case/lawsuit settlement status; (4) its effect on the company's financial condition.
 (14)     Akses informasi dan data perusahaan, yaitu uraian mengenai tersedianya akses inforrnasi dan data perusahaan
          kepada publik, misalnya melalui website, media massa, mailing list, bulletin dsb.
                                                                                                                                           399-400
          Access to company information and data, namely a description of the availability of access to company information and
          data to the public, for example through websites, mass media, mailing lists, bulletins, etc.
 (15)     Etika Perusahaan memuat uraian antara lain: (1) Keberadaan Pedoman Perilaku; (2) lsi Pedoman Perilaku; (3)
          penyebaran Pedoman Perilaku kepada karyawan dan upaya penegakannya; (4) pernyataan mengenai budaya perusahaan
          (corporate culture) yang dimiliki perusahaan.
                                                                                                                                           401-404
          Company Ethics includes a description of, among other things: (1) Existence of a Code of Conduct; (2) contents of the
          Code of Conduct; (3) dissemination of the Code of Conduct to employees and efforts to enforce it; (4) a statement
          regarding the Company's corporate culture.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                            ANNUAL REPORT 2023   455
Page 458
      1     Kilas Kinerja                 2   Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
            Performance Review                Management Report                 Company Profile                 Management Discussion and Analysis




                                                            Penjelasan Kriteria
                                                                                                                                            Checklist
                                                            Definition of Criteria
      Laporan Tahunan memuat bagian tersendiri mengenai Laporan Keuangan.
      The Annual Report contains a separate section regarding Financial Statement.
      Faktor-faktor yang Diuji Kesesuaian Penerapannya:
      Factors Tested for Compliance of Implementation:
      (1)      Surat Pernyataan Direksi tentang Tanggung Jawab Direksi atas Laporan Keuangan sesuai dengan peraturan Bapepam.
               Board of Directors' Statement Letter regarding Board of Directors' Responsibility for Financial Statement in accordance
               with Bapepam regulations.
      (2)      Opini akuntan alas laporan keuangan adalah wajar tanpa pengecualian (WTP).
               The accountant's opinion on the basis of the financial statements is unqualified (WTP).
      (3)      Deskripsi Auditor lndependen di Opini antara lain: (1) Nama & tanda tangan; (2) Tanggal Laporan Audit; (3) No. ijin KAP
               Oika ada).
               Description of the Independent Auditor in the Opinion includes: (1) Name & signature; (2) Audit Report Date; (3) KAP’s
               Number permit (if available).
      (4)      Laporan keuangan yang lengkap, yaitu: neraca, laporan laba rugi, laporan perubahan ekuitas, laporan arus kas, dan
               catatan alas laporan keuangan serta disajikan untuk jangka waktu 2 (dua) tahun terakhir atau sejak usaha dimulai bagi
               perusahaan yang memulai usahanya kurang dari 2 (dua) tahun buku.
               Complete financial statements, namely: balance sheet, profit, and loss report, change in equity report, cash flow
               report, and notes to the financial statements and presented for the last 2 (two) years or since the business started for
               companies that started their business less than 2 (two) fiscal year.
      (5)      Penyajian laporan keuangan sesuai ketentuan Pedoman Penyajian Laporan Keuangan yang diterbitkan Bapepam & LK
               dan/atau institusi yang berwenang.
               Presentation of financial reports in accordance with the provisions of the Guidelines for Presenting Financial Reports
               issued by Bapepam & Financial Institutions and/or authorized institutions.




456       LAPORAN TAHUNAN 2023                                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
Page 459
5       Tata Kelola Perusahaan                 6   Tanggung Jawab Sosial Perusahaan             7   Laporan Keuangan
        Corporate Governance                       Corporate Social Responsibility                  Audited Report




Checklist AR 2023 dengan Surat Edaran
Otoritas Jasa Keuangan Nomor 16/SEOJK.04/2021
Tentang Bentuk Dan Isi Laporan Tahunan Emiten
Atau Perusahaan Publik
Checklist of AR 2023 with OJK’s Circular Letter Number 16/SEOJK.04/2021 on
the Form and Content of Annual report of the Issuers and Public Company




                                                                   Keterangan                                                             Checklist AR
 No.
                                                                    Description                                                           AR Checklists
    A      Ikhtisar Data Keuangan Penting
           Ikhtisar data keuangan penting memuat informasi keuangan yang disajikan dalam bentuk perbandingan selama 3 (tiga)
           tahun buku atau sejak memulai usahanya jika Emiten atau Perusahaan Publik tersebut menjalankan kegiatan usahanya
           kurang dari 3 (tiga) tahun, paling sedikit memuat:
                                                                                                                                             20-25
           Overview of Important Financial Data
           The summary of important financial data contains financial information presented in comparative form for 3 (three)
           fiscal years or since starting its business if the Issuer or Public Company has carried out its business activities for less
           than 3 (three) years, containing at least:
    1      pendapatan/penjualan
           Revenue/sales
    2      laba bruto
           Gross profit
    3      laba (rugi)
           Profit (loss)
    4      jumlah laba (rugi) yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan non pengendali
           The amount of profit (loss) attributable to the owners of the parent entity and non-controlling interests
    5      total laba (rugi) komprehensif
           Total comprehensive profit (loss)
    6      jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada pemilik entitas induk dan kepentingan non pengendali
           The amount of comprehensive profit (loss) attributable to the owners of the parent entity and non-controlling interests
    7      laba (rugi) per saham
           Profit (loss) per share
    8      jumlah asset
           Total assets
    9      jumlah liabilitas
           Total liabilities
    10     jumlah ekuitas
           Total equity
    11     rasio laba (rugi) terhadap jumlah asset
           Ratio of profit (loss) on total assets
    12     rasio laba (rugi) terhadap ekuitas
           Ratio of profit (loss) on Equity
    13     rasio laba (rugi) terhadap pendapatan/penjualan
           Rasio of profit (loss) on Revenue/Sales
    14     rasio lancer
           Current rasio
    15     rasio liabilitas terhadap ekuitas
           Rasio of liabilities on equity




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                            ANNUAL REPORT 2023      457
Page 460
      1       Kilas Kinerja                 2   Laporan Manajemen               3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
              Performance Review                Management Report                   Company Profile                 Management Discussion and Analysis




                                                                       Keterangan                                                              Checklist AR
      No.
                                                                        Description                                                            AR Checklists
          16     rasio liabilitas terhadap jumlah asset
                 Rasio of liabilities on total assets
          17     informasi dan rasio keuangan lainnya yang relevan dengan Emiten atau Perusahaan Publik dan jenis industrinya
                 Information and other financial ratios that are relevant to the Issuer or Public Company and the type of industry
          B      Informasi Saham
                 Informasi saham bagi Perusahaan Terbuka paling sedikit memuat:
                 Share Information:
                 Share information for Public Company must at least contains:
          1      saham yang telah diterbitkan untuk setiap masa triwulan yang disajikan dalam bentuk perbandingan selama 2 (dua)
                 tahun buku terakhir, paling sedikit memuat:
                                                                                                                                                   26-27
                 Shares that have been issued for each quarter, presented in comparative form for the last 2 (two) fiscal years, contain
                 at least:
                 a. jumlah saham yang beredar;
                    Total sahres outstanding
                 b. kapitalisasi pasar berdasarkan harga pada bursa efek tempat saham dicatatkan
                    Market capitalization is based on the price on the stock exchange where the shares are listed
                 c. harga saham tertinggi, terendah, dan penutupan berdasarkan harga pada bursa efek tempat saham dicatatkan
                    The highest, lowest and closing stock prices are based on the price on the stock exchange where the shares are
                    listed
                 d. volume perdagangan pada bursa efek tempat saham dicatatkan
                 Informasi dalam huruf b, huruf c dan huruf d hanya diungkapkan jika sahamnya tercatat di bursa efek
                     Trading volume on the stock exchange where the shares are listed
                     Information in letters b, c and d is only disclosed if the shares are listed on the stock exchange
          2      Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya perubahan pada saham, seperti pemecahan saham
                 (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, perubahan nilai nominal saham,
                 penerbitan efek konversi, serta penambahan dan pengurangan modal, informasi saham sebagaimana dimaksud pada
                 angka 1) ditambahkan penjelasan paling sedikit mengenai:                                                                           28
                 In the event of a corporate action that causes changes in shares, such as stock split, reverse stock, share dividends,
                 bonus shares, changes in the nominal value of shares, issuance of convertible securities, as well as additions and
                 reductions in capital, stock information as referred to in number 1) is added with an explanation of at least:
                 a. tanggal pelaksanaan aksi korporasi
                    date of implementation of the corporate action
                 b. rasio pemecahan saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, jumlah
                    efek konversi yang diterbitkan, dan perubahan nilai nominal saham
                    ratio of stock splits, reverse stock, stock dividends, bonus shares, number of convertible securities issued, and
                    changes in nominal value of shares
                 c. jumlah saham beredar sebelum dan sesudah aksi korporasi
                    number of shares outstanding before and after the corporate action
                 d. jumlah efek konversi yang dilaksanakan (jika ada)
                    number of conversion effects implemented (if any)
                 e. harga saham sebelum dan sesudah aksi korporasi
                    share prices before and after corporate actions
          3      dalam hal terjadi penghentian sementara perdagangan saham (suspension) dan/atau pembatalan pencatatan saham
                 (delisting) dalam tahun buku, dijelaskan alasan penghentian sementara perdagangan saham (suspension) dan/atau
                 pembatalan pencatatan saham (delisting) tersebut                                                                                   28
                 In the event of a temporary suspension of share trading and/or delisting of share listing in the fiscal year, the reasons
                 for the temporary suspension of share trading (suspension) and/or delisting of share (delisting) are explained.
          4      dalam hal penghentian sementara perdagangan saham (suspension) sebagaimana dimaksud pada angka 3) dan/atau
                 proses pembatalan pencatatan saham (delisting) masih berlangsung hingga akhir periode Laporan Tahunan, dijelaskan
                 tindakan yang dilakukan untuk menyelesaikan penghentian sementara perdagangan saham (suspension) dan/atau
                 pembatalan pencatatan saham (delisting) tersebut                                                                                   28
                 In the event that the temporary suspension of share trading (suspension) as referred to in number 3) and/or the
                 process of delisting of share (delisting) is still ongoing until the end of the Annual Report period, the actions taken to
                 resolve the temporary suspension of share trading (suspension) and/or delisting are explained.




458       LAPORAN TAHUNAN 2023                                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
Page 461
5       Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
        Corporate Governance                    Corporate Social Responsibility                    Audited Report




                                                                  Keterangan                                                          Checklist AR
 No.
                                                                   Description                                                        AR Checklists
    C      Laporan Direksi
           Laporan Direksi paling sedikit memuat uraian singkat mengenai:
           Board of Directors report                                                                                                      47-57
           The Board of Directors report must at least contains a brief descriptions of:

    1      kinerja Emiten atau Perusahaan Publik, paling sedikit memuat:
                                                                                                                                          47-52
           the performance of the Issuer or Public Company, at least includes:
           a. strategi dan kebijakan strategis Emiten atau Perusahaan Publik
              strategy and strategic policies of the Issuer or Public Company
           b. peranan Direksi dalam perumusan strategi dan kebijakan strategis Emiten atau Perusahaan Publik
              the role of the Board of Directors in formulating the strategy and strategic policies of the Issuer or Public Company
           c. proses yang dilakukan Direksi untuk memastikan implementasi strategi Emiten atau Perusahaan Publik
              the process carried out by the Board of Directors to ensure the implementation of the Issuer's or Public Company's
              strategy
           d. perbandingan antara hasil yang dicapai dengan yang ditargetkan Emiten atau Perusahaan Publik
              comparison between the results achieved and those targeted by the Issuer or Public Company
           e. kendala yang dihadapi Emiten atau Perusahaan Publik
              obstacles faced by Issuers or Public Companies
    2      gambaran tentang prospek usaha Emiten atau Perusahaan Publik
                                                                                                                                          52-53
           an overview of the business prospects of the Issuer or Public Company
    3      penerapan tata kelola Emiten atau Perusahaan Publik
                                                                                                                                          53-54
           implementation of governance for Issuers or Public Companies
    D      Laporan Dewan Komisaris
           Laporan Dewan Komisaris paling sedikit memuat uraian
           singkat mengenai:                                                                                                              38-46
           Board of Commissioners report
           The Board of Commissioners report must at least contains a brief descriptions of:
    1      penilaian terhadap kinerja Direksi mengenai pengelolaan Emiten atau Perusahaan Publik, termasuk pengawasan Dewan
           Komisaris dalam perumusan dan implementasi strategi Emiten atau Perusahaan Publik yang dilakukan oleh Direksi
           assessment of the performance of the Board of Directors regarding the management of the Issuer or Public Company,               40
           including supervision of the Board of Commissioners in the formulation and implementation of the Issuer or Public
           Company strategy carried out by the Board of Directors
    2      pandangan atas prospek usaha Emiten atau Perusahaan Publik yang disusun oleh Direksi
                                                                                                                                           42
           views on the business prospects of the Issuer or Public Company prepared by the Board of Directors
    3      pandangan atas penerapan tata kelola Emiten atau Perusahaan Publik
                                                                                                                                           43
           views on the implementation of governance of Issuers or Public Companies
    E      Profil Emiten atau Perusahaan Publik
           Profil Emiten atau Perusahaan Publik paling sedikit memuat informasi:
           Profile of Issuers or Public Company
    1      nama Emiten atau Perusahaan Publik termasuk apabila terdapat perubahan nama, alasan perubahan, dan tanggal
           efektif perubahan nama pada tahun buku
                                                                                                                                          62-65
           the name of the Issuer or Public Company including if there is a name change, the reason for the change, and the
           effective date of the name change in the fiscal year
    2      akses terhadap Emiten atau Perusahaan Publik termasuk kantor cabang atau kantor perwakilan yang memungkinkan
           masyarakat dapat memperoleh informasi mengenai Emiten atau Perusahaan Publik, meliputi:
                                                                                                                                           62
           Access to Issuers or Public Companies including branch offices or representative offices that enable the public to
           obtain information regarding Issuers or Public Companies, including:
           a. Alamat
              Address
           b. nomor telepon
              Telephone number
           c. alamat surat elektronik
              email address
           d. alamat situs web
              Website
    3      riwayat singkat Emiten atau Perusahaan Publik
                                                                                                                                          63-65
           brief history of the Issuer or Public Company




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                          ANNUAL REPORT 2023    459
Page 462
      1       Kilas Kinerja                  2    Laporan Manajemen                3   Profil Perusahaan          4   Analisis dan Pembahasan Manajemen
              Performance Review                  Management Report                    Company Profile                Management Discussion and Analysis




                                                                        Keterangan                                                              Checklist AR
      No.
                                                                         Description                                                            AR Checklists
          4      visi dan misi Emiten atau Perusahaan Publik serta budaya perusahaan (corporate culture) atau nilai-nilai Perusahaan
                                                                                                                                                      70
                 the vision and mission of the Issuer or Public Company as well as corporate culture or company values
          5      kegiatan usaha menurut anggaran dasar terakhir, kegiatan usaha yang dijalankan pada tahun buku, serta jenis barang
                 dan/atau jasa yang dihasilkan
                                                                                                                                                    74-83
                 business activities according to the latest articles of association, business activities carried out in the fiscal year, as
                 well as the types of goods and/or services produced
          6      wilayah operasional Emiten atau Perusahaan Publik wilayah operasional merupakan wilayah atau daerah pelaksanaan
                 kegiatan operasional atau jangkauan dari kegiatan operasional Perusahaan
                                                                                                                                                    84-86
                 The operational area of an Issuer or Public Company. The operational area is the area or region where operational
                 activities are carried out or the scope of the Company's operational activities
          7      struktur organisasi Emiten atau Perusahaan Publik dalam bentuk bagan, paling sedikit sampai dengan struktur 1 (satu)
                 tingkat di bawah Direksi termasuk komite di bawah Direksi (jika ada) dan komite di bawah Dewan Komisaris, disertai
                 dengan nama dan jabatan
                                                                                                                                                    88-89
                 Organizational structure of the Issuer or Public Company in chart form, at least up to a structure 1 (one) level below
                 the Board of Directors including committees below the Board of Directors (if any) and committees below the Board of
                 Commissioners, accompanied by names and positions
          8      daftar keanggotaan asosiasi industri baik dalam skala nasional maupun internasional yang berkaitan dengan
                 penerapan keuangan berkelanjutan
                                                                                                                                                      87
                 membership list of industry associations both on a national and international scale related to the implementation of
                 sustainable finance
          9      profil Direksi, paling sedikit memuat:
                                                                                                                                                   104-117
                 Profile of the Board of Directors, whic must at least contains:
                 a. nama dan jabatan yang sesuai dengan tugas dan tanggung jawab
                    names and positions which are in accordance to duties and responsibilities
                 b. foto terbaru
                    Newest photograph
                 c. usia
                    Age
                 d. kewarganegaraan
                    Nationality
                 e. riwayat pendidikan dan/atau sertifikasi
                    Educational background and/or certification
                 f.   riwayat jabatan, meliputi informasi:
                      Positional history, which must include:
                      dasar hukum pengangkatan sebagai anggota Direksi pada Emiten atau Perusahaan Publik yang bersangkutan
                      legal basis for appointment as a member of the Board of Directors of the Issuer or Public Company concerned
                      rangkap jabatan, baik sebagai anggota Direksi, anggota Dewan Komisaris, dan/atau anggota komite serta jabatan
                      lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik.
                      Dalam hal anggota Direksi tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal tersebut
                      holding multiple positions, either as a member of the Board of Directors, member of the Board of Commissioners,
                      and/or member of a committee as well as other positions both inside and outside the Issuer or Public Company.
                      In the event that a member of the Board of Directors does not hold concurrent positions, this will be disclosed
                      pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                      work experience and time period both inside and outside the Issuer or Public Company
                 g. hubungan afiliasi dengan anggota Direksi lainnya, anggota Dewan Komisaris, pemegang saham utama, dan
                    pengendali baik langsung maupun tidak langsung sampai kepada pemilik individu, meliputi nama pihak yang
                    terafiliasi. Dalam hal anggota Direksi tidak memiliki hubungan afiliasi, maka Emiten atau Perusahaan Publik
                    mengungkapkan hal tersebut
                    Affiliate relationships with other members of the Board of Directors, members of the Board of Commissioners, major
                    shareholders and controllers, both directly and indirectly, up to individual owners, including the names of affiliated
                    parties. In the event that a member of the Board of Directors does not have an affiliate relationship, the Issuer or
                    Public Company shall disclose this
                 h. perubahan komposisi anggota Direksi dan alasan perubahannya. Dalam hal tidak terdapat perubahan komposisi
                    anggota Direksi, maka diungkapkan mengenai hal tersebut
                    changes in the composition of members of the Board of Directors and the reasons for the changes. In the event
                    that there is no change in the composition of the members of the Board of Directors, this will be disclosed




460       LAPORAN TAHUNAN 2023                                                                                             PT Asuransi Tugu Pratama Indonesia Tbk
Page 463
5    Tata Kelola Perusahaan                6   Tanggung Jawab Sosial Perusahaan            7   Laporan Keuangan
     Corporate Governance                      Corporate Social Responsibility                 Audited Report




                                                               Keterangan                                                           Checklist AR
 No.
                                                                Description                                                         AR Checklists
    10   profil Dewan Komisaris, paling sedikit memuat:
                                                                                                                                       90-103
         Profile of the Board of Commissioners, which must at least contains:
         a. nama dan jabatan
            Names and positions
         b. foto terbaru
            Newest photograph
         c. usia
            Age
         d. kewarganegaraan
            Nationality
         e. riwayat pendidikan dan/atau sertifikasi
            educational background and/or certification
         f.   riwayat jabatan, meliputi informasi:
              Positional history, which must include:
              dasar hukum pengangkatan sebagai anggota Dewan Komisaris
              legal basis for appointment as a member of the Board of Commissioners
              dasar hukum pengangkatan pertama kali sebagai anggota Dewan Komisaris yang merupakan komisaris independen
              pada Emiten atau Perusahaan Publik yang bersangkutan
              legal basis for the first appointment as a member of the Board of Commissioners who is an independent
              commissioner of the Issuer or Public Company concerned
              rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta jabatan
              lainnya baik di dalam maupun di luar Emiten atau Perusahaan Publik.

              Dalam hal anggota Dewan Komisaris tidak memiliki rangkap jabatan, maka diungkapkan mengenai hal tersebut
              holding multiple positions, either as a member of the Board of Commissioners, member of the Board of Directors,
              and/or committee member as well as other positions both inside and outside the Issuer or Public Company.

              In the event that a member of the Board of Commissioners does not hold concurrent positions, this matter shall be
              disclosed
              pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
              work experience and time period both inside and outside the Issuer or Public Company
         g. hubungan afiliasi dengan anggota Dewan Komisaris lainnya, pemegang saham utama, dan pengendali baik langsung
            maupun tidak langsung sampai kepada pemilik individu, meliputi nama pihak yang terafiliasi Dalam hal anggota
            Dewan Komisaris tidak memiliki hubungan afiliasi, maka Emiten atau Perusahaan Publik mengungkapkan hal
            tersebut
            Affiliate relationships with other members of the Board of Commissioners, major shareholders and controllers,
            both directly and indirectly, down to individual owners, including the names of affiliated parties. In the event that
            members of the Board of Commissioners do not have an affiliate relationship, the Issuer or Public Company shall
            disclose this
         h. pernyataan independensi komisaris independen dalam hal komisaris independen telah menjabat lebih dari 2 (dua)
            periode
            statement of independence of the independent commissioner if the independent commissioner has served more
            than 2 (two) terms
         i.   perubahan komposisi anggota Dewan Komisaris dan alasan perubahannya. Dalam hal tidak terdapat perubahan
              komposisi anggota Dewan Komisaris, maka diungkapkan mengenai hal tersebut
              changes in the composition of members of the Board of Commissioners and the reasons for the changes. In the
              event that there is no change in the composition of the members of the Board of Commissioners, this matter will be
              disclosed
    11   dalam hal terdapat perubahan susunan anggota Direksi dan/atau anggota Dewan Komisaris yang terjadi setelah tahun
         buku berakhir sampai dengan batas waktu penyampaian Laporan Tahunan, susunan yang dicantumkan dalam Laporan
         Tahunan adalah susunan anggota Direksi dan/atau anggota Dewan Komisaris yang terakhir dan sebelumnya
         If there is a change in the composition of members of the Board of Directors and/or members of the Board of
         Commissioners that occurs after the fiscal year ends up to the deadline for submission of the Annual Report, the
         composition included in the Annual Report is the latest and previous composition of members of the Board of Directors
         and/or Board of Commissioners.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023      461
Page 464
      1    Kilas Kinerja                  2    Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
           Performance Review                  Management Report                 Company Profile                 Management Discussion and Analysis




                                                                     Keterangan                                                             Checklist AR
      No.
                                                                      Description                                                           AR Checklists
          12   jumlah karyawan menurut:
                                                                                                                                              118-120
               Total employee based on:
               jenis kelamin, jabatan, usia, tingkat pendidikan, dan status ketenagakerjaan (tetap/kontrak) dalam tahun buku
               gender, position, age, education level, and employment status (permanent/contract) in the fiscal year
          13   nama pemegang saham dan persentase kepemilikan pada awal dan akhir tahun buku, yang terdiri dari informasi
               mengenai:
                                                                                                                                              129-132
               name of shareholder and percentage of ownership at the beginning and end of the fiscal year, consisting of information
               regarding:
               a. pemegang saham yang memiliki 5% (lima persen) atau lebih saham Emiten atau Perusahaan Publik
                  shareholders who own 5% (five percent) or more shares of an Issuer or Public Company
               b. anggota Direksi dan anggota Dewan Komisaris yang memiliki saham Emiten atau Perusahaan Publik.
                  Dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak memiliki saham, maka
                  diungkapkan mengenai hal tersebut
                  members of the Board of Directors and members of the Board of Commissioners who own shares in Issuers or
                  Public Companies.
                  In the event that all members of the Board of Directors and/or all members of the Board of Commissioners do not
                  own shares, this will be disclosed
               c. kelompok pemegang saham masyarakat, yaitu kelompok pemegang saham yang masing-masing memiliki kurang
                  dari 5% (lima persen) saham Emiten atau Perusahaan Publik.
                  community shareholder group, namely a group of shareholders who each own less than 5% (five percent) of the
                  shares of an Issuer or Public Company.

                  informasi di atas dapat disajikan dalam bentuk table
                  such information can be presented in the form of table
          14   persentase kepemilikan tidak langsung atas saham Emiten atau Perusahaan Publik oleh anggota Direksi dan anggota
               Dewan Komisaris pada awal dan akhir tahun buku, termasuk informasi mengenai pemegang saham yang terdaftar
               dalam daftar pemegang saham untuk
               kepentingan kepemilikan tidak langsung anggota Direksi dan anggota Dewan Komisaris

               dalam hal seluruh anggota Direksi dan/atau seluruh anggota Dewan Komisaris tidak memiliki kepemilikan tidak
               langsung atas saham Emiten atau Perusahaan Publik, maka diungkapkan mengenai hal tersebut.
                                                                                                                                              129-130
               percentage of indirect ownership of shares of an Issuer or Public Company by members of the Board of Directors and
               members of the Board of Commissioners at the beginning and end of the fiscal year, including information regarding
               shareholders registered in the shareholder register for
               indirect ownership interests of members of the Board of Directors and members of the Board of Commissioners

               in the event that all members of the Board of Directors and/or all members of the Board of Commissioners do not have
               indirect ownership of the shares of the Issuer or Public Company, then this matter shall be disclosed.
          15   jumlah pemegang saham dan persentase kepemilikan per akhir tahun buku berdasarkan klasifikasi:
                                                                                                                                                 131
               number of shareholders and percentage of ownership as of the end of the fiscal year based on classification:
               a. kepemilikan institusi local
                  local institutional ownership
               b. kepemilikan institusi asing
                  foreign institutional ownership
               c. kepemilikan individu local
                  local individual ownership
               d. kepemilikan individu asing
                  foreign individual ownership
          16   informasi mengenai pemegang saham utama dan pengendali Emiten atau Perusahaan Publik, baik langsung maupun
               tidak langsung, sampai kepada pemilik individu, yang disajikan dalam bentuk skema atau bagan
                                                                                                                                              131-132
               information regarding the main and controlling shareholders of the Issuer or Public Company, both directly and indirectly,
               down to individual owners, presented in the form of a scheme or chart




462        LAPORAN TAHUNAN 2023                                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
Page 465
5    Tata Kelola Perusahaan                6   Tanggung Jawab Sosial Perusahaan              7   Laporan Keuangan
     Corporate Governance                      Corporate Social Responsibility                   Audited Report




                                                               Keterangan                                                             Checklist AR
 No.
                                                                Description                                                           AR Checklists
    17   nama entitas anak, perusahaan asosiasi, perusahaan ventura bersama dimana Emiten atau Perusahaan Publik
         memiliki pengendalian bersama entitas (jika ada), beserta persentase kepemilikan saham, bidang usaha, total aset,
         dan status operasi entitas anak, perusahaan asosiasi, perusahaan ventura bersama

         Untuk entitas anak, ditambahkan informasi mengenai alamat entitas anak tersebut.
                                                                                                                                        134-136
         name of subsidiary, associated company, joint venture company where the Issuer or Public Company has joint control of
         the entity (if any), along with the percentage of share ownership, line of business, total assets, and operating status of
         the subsidiary, associated company, joint venture company

         For subsidiary entities, information regarding the address of the subsidiary entity is added.
    18   kronologis pencatatan saham, jumlah saham, nilai nominal, dan harga penawaran dari awal pencatatan hingga akhir
         tahun buku serta nama bursa efek dimana saham Emiten atau Perusahaan Publik dicatatkan, termasuk pemecahan
         saham (stock split), penggabungan saham (reverse stock), dividen saham, saham bonus, dan perubahan nilai nominal
         saham, pelaksanaan efek konversi, pelaksanaan penambahan dan pengurangan modal (jika ada)
                                                                                                                                          137
         chronology of share listing, number of shares, nominal value and offering price from the beginning of the listing to the
         end of the fiscal year as well as the name of the stock exchange where the shares of the Issuer or Public Company are
         listed, including stock splits, reverse stock mergers, stock dividends, bonus shares, and changes in the nominal value
         of shares, implementation of conversion effects, implementation of additions and reductions in capital (if any)
    19   informasi pencatatan efek lainnya selain efek sebagaimana dimaksud pada angka 18), yang belum jatuh tempo pada
         tahun buku paling sedikit memuat:
                                                                                                                                          138
         information on recording securities other than securities as referred to in number 18), which have not yet matured in
         the fiscal year at least contains:
         a. nama efek
            name of securities
         b. tahun penerbitan
            date of issuance
         c. tingkat suku bunga/imbal hasil
            interest rate/ yield
         d. tanggal jatuh tempo
            due date
         e. nilai penawaran
            offer value
         f.   peringkat efek (jika ada)
              securities rating (if any)
    20   informasi penggunaan jasa akuntan publik (AP) dan kantor akuntan publik (KAP) beserta jaringan/asosiasi/aliansinya
         meliputi:
                                                                                                                                           138
         Information on the use of public accountant (AP) and public accounting firms (KAP) services and their networks/
         associations/alliances, which includes:
         a. nama dan Alamat
            names and address
         b. periode penugasan
            assignment period
         c. informasi jasa audit dan/atau non audit yang diberikan
            information on audit and/or non-audit services provided
         d. biaya jasa (fee) audit dan/atau non audit untuk masing-masing penugasan yang diberikan selama tahun buku
            audit fees and/or non-audit for each assignment given in the fiscal year
         e. dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya, yang ditunjuk tidak memberikan jasa non audit, maka
            diungkapkan mengenai informasi tersebut
            in the case of public accountant or public accounting firm as well as their networks/associations/alliances that is
            appointed to provide audit services, the information is disclosed

              Pengungkapan informasi penggunaan jasa AP dan KAP beserta jaringan/asosiasi/aliansinya dapat disajikan dalam
              bentuk tabel.
              Information disclosure on public accountant or public accounting firm as well as their networks/associations/
              alliances can be presented in the form of table




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023     463
Page 466
      1       Kilas Kinerja                  2    Laporan Manajemen               3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
              Performance Review                  Management Report                   Company Profile            Management Discussion and Analysis




                                                                         Keterangan                                                        Checklist AR
      No.
                                                                          Description                                                      AR Checklists
          21     nama dan alamat lembaga dan/atau profesi penunjang pasar modal selain AP dan KAP.
                 Names and address of the capital market institutions and/or professions, in addition to public accountant or public            139
                 accounting firm
          F      Analisis dan Pembahasan Manajemen
                 Analisis dan pembahasan manajemen memuat analisis dan pembahasan mengenai laporan keuangan dan informasi
                 penting lainnya dengan penekanan pada perubahan material yang terjadi dalam tahun buku, yaitu paling sedikit
                 memuat:
                 Management Analysis and Discussion
                 Management analysis and discussion includes analysis and discussion of financial reports and other important
                 information with an emphasis on material changes that occur during the fiscal year, which at least contains:
          1      tinjauan operasi per segmen usaha sesuai dengan jenis industri Emiten atau Perusahaan Publik, paling sedikit
                 mengenai:
                                                                                                                                              159-163
                 operational review per business segments, in accordance with the types of industries of the issuers or public
                 companies, which must at least contain:
                 a. produksi, yang meliputi proses, kapasitas, dan perkembangannya
                    production, which includes its process, capacities, and its development
                 b. pendapatan/penjualan
                    revenue/sales
                 c. profitabilitas
                    profitability
          2      kinerja keuangan komprehensif yang mencakup perbandingan kinerja keuangan dalam 2 (dua) tahun buku terakhir,
                 penjelasan tentang penyebab adanya perubahan dan dampak perubahan tersebut, paling sedikit mengenai:
                                                                                                                                              164-175
                 comprehensive financial performance which includes a comparison of financial performance in the last 2 (two) fiscal
                 years, an explanation of the causes of changes, and the impact of these changes, which must at least contain:
                 a. aset lancar, aset tidak lancar, dan total asset
                    current assets, non-current assets, and total assets
                 b. liabilitas jangka pendek, liabilitas jangka panjang, dan total liabilitas
                    short and long term liabilities, as well as total liabilities
                 c. ekuitas
                    equity
                 d. pendapatan/penjualan, beban, laba (rugi), penghasilan komprehensif lain, dan total laba (rugi) komprehensif
                    revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss)
                 e. arus kas
                    cash flow
          3      kemampuan membayar utang atau kewajiban dengan menyajikan perhitungan rasio yang relevan
                                                                                                                                              176-177
                 ability to pay debts or obligations by presenting relevant ratio calculations
          4      tingkat kolektibilitas piutang Emiten atau Perusahaan Publik dengan menyajikan perhitungan rasio yang relevan
                                                                                                                                                178
                 receivable collectivity rate of the issuers or public companies by presenting relevant ratio calculations
          5      struktur modal (capital structure) dan kebijakan manajemen atas struktur modal (capital structure) tersebut disertai
                 dasar penentuan kebijakan dimaksud
                                                                                                                                              179-180
                 capital structure and management policy on the capital structure accompanied by the basis for determining the policy in
                 question
          6      bahasan mengenai ikatan yang material untuk investasi barang modal dengan penjelasan paling sedikit memuat:
                                                                                                                                                180
                 discussion on material bonds for capital goods investment, which at least must include:
                 a. tujuan dari ikatan tersebut
                    purpose of the bond
                 b. sumber dana yang diharapkan untuk memenuhi ikatan tersebut
                    the source of funding to fulfil the bond
                 c. mata uang yang menjadi denominasi
                    denominating currency
                 d. langkah yang direncanakan Emiten atau Perusahaan Publik untuk melindungi risiko dari posisi mata uang asing yang
                    terkait
                    planned steps by the issuers or public companies to protect the risks from relevant currency positions




464        LAPORAN TAHUNAN 2023                                                                                       PT Asuransi Tugu Pratama Indonesia Tbk
Page 467
5       Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan                 7   Laporan Keuangan
        Corporate Governance                    Corporate Social Responsibility                      Audited Report




                                                                  Keterangan                                                         Checklist AR
 No.
                                                                   Description                                                       AR Checklists
    7      bahasan mengenai investasi barang modal yang direalisasikan dalam tahun buku terakhir, paling sedikit memuat:
                                                                                                                                          181
           discussion regarding investment in capital goods realized in the last fiscal year, which must at least contain:
           a. jenis investasi barang modal
              types of capital good investment
           b. tujuan investasi barang modal
              purpose of capital good investment
           c. nilai investasi barang modal yang dikeluarkan
              distributed value of capital good investment
    8      informasi dan fakta material yang terjadi setelah tanggal laporan akuntan (jika ada)
                                                                                                                                          181
           material facts and information that happened after the date of accounting report (if any)
    9      prospek usaha dari Emiten atau Perusahaan Publik dikaitkan dengan kondisi industri, ekonomi secara umum dan pasar
           internasional disertai data pendukung kuantitatif dari sumber data yang layak dipercaya
                                                                                                                                        182-183
           The business prospects of the Issuer or Public Company are linked to industrial conditions, general economy and
           international markets accompanied by quantitative supporting data from reliable data sources
    10     perbandingan antara target/proyeksi pada awal tahun buku dengan hasil yang dicapai (realisasi), mengenai:
                                                                                                                                          184
           comparison between target/projection at the beginning of fiscal year with the realization, regarding:
           a. pendapatan/penjualan
              revenue/sales
           b. laba (rugi)
              profit (loss)
           c. struktur modal (capital structure)
              capital structure
           d. hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik
              other matters deemed important to the issuers or public companies
    11     target/proyeksi yang ingin dicapai Emiten atau Perusahaan Publik untuk 1 (satu) tahun mendatang, mengenai:
                                                                                                                                          184
           target/projection which the issuers or the public companies try to achieve in the next 1 (one) year, regarding:
           a. pendapatan/penjualan
              revenue/sales
           b. laba (rugi)
              profit (loss)
           c. laba (rugi)
              profit (loss)
           d. kebijakan dividen
              dividend policy
           e. hal lainnya yang dianggap penting bagi Emiten atau Perusahaan Publik
              other important matters deemed necessary by the issuers or public companies
    12     aspek pemasaran atas barang dan/atau jasa Emiten atau Perusahaan Publik, paling sedikit mengenai strategi
           pemasaran dan pangsa pasar
                                                                                                                                          185
           marketing aspects on goods and/or services of the issuers or public companies, which must at least contain marketing
           strategy and target market
    13     uraian mengenai dividen selama 2 (dua) tahun buku terakhir, paling sedikit:
                                                                                                                                          186
           description on dividend policy for the last 2 (two) fiscal years, which must at least contain:
           a. kebijakan dividen, antara lain memuat informasi persentase jumlah dividen yang dibagikan terhadap laba bersih
              dividend policy, which must at least contain information on the percentage of the number of dividends distributed on
              net profit
           b. tanggal pembayaran dividen kas dan/atau tanggal distribusi dividen non kas
              date of payment of cash dividend and/or date of non-cash dividend distribution
           c. jumlah dividen per saham (kas dan/atau non kas)
              number of dividend per share (cash and/or non-cash)
           d. jumlah dividen per tahun yang dibayar
              number of dividends per year paid

               pengungkapan informasi dapat disajikan dalam bentuk tabel. Dalam hal Emiten atau Perusahaan Publik tidak
               membagikan dividen dalam 2 (dua) tahun terakhir, maka diungkapkan mengenai hal tersebut.
               Information disclosure can be presented in the form of a table. In the event that the issuers or public companies
               has not distributed dividends in the last 2 (two) years, this matter will also be disclosed.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023    465
Page 468
      1    Kilas Kinerja                    2    Laporan Manajemen               3   Profil Perusahaan             4   Analisis dan Pembahasan Manajemen
           Performance Review                    Management Report                   Company Profile                   Management Discussion and Analysis




                                                                        Keterangan                                                               Checklist AR
      No.
                                                                         Description                                                             AR Checklists
          14   realisasi penggunaan dana hasil penawaran umum, dengan ketentuan:
                                                                                                                                                    187-188
               realization of IPO fund usage, with the following considerations:
               a. dalam hal selama tahun buku, Emiten memiliki kewajiban menyampaikan laporan realisasi penggunaan dana, maka
                  diungkapkan realisasi penggunaan dana hasil penawaran umum secara kumulatif sampai dengan akhir tahun buku
                  In the event that during the fiscal year the issuers have obligation to submit realization report of the fund usage,
                  then the realization of the fund usage gained from IPO is disclosed cumulatively until the end of the fiscal year
               b. dalam hal terdapat perubahan penggunaan dana sebagaimana diatur dalam Peraturan Otoritas Jasa Keuangan
                  mengenai laporan realisasi penggunaan dana hasil penawaran umum, maka Emiten menjelaskan perubahan
                  tersebut
                  in the event that there were changes in the fund usage as regulated in OJK Regulation on reports on the realization
                  of IPO fund usage, then the issuers shall disclose that changes
          15   informasi material (jika ada), antara lain mengenai investasi, ekspansi, divestasi, penggabungan/peleburan usaha,
               akuisisi, restrukturisasi utang/modal, transaksi material, transaksi afiliasi, dan transaksi benturan kepentingan, yang
               terjadi pada tahun buku, paling sedikit memuat:
                                                                                                                                                    189-195
               material information (if any), which contain investment, divestment, business mergers/consolidations, acquisitions,
               debt/capital restructuring, material transactions, affiliate transactions, and conflict of interest transactions, which occur
               in the fiscal year, which contain at least:
               a. tanggal, nilai, dan objek transaksi
                  date, value, and objects of transaction
               b. nama pihak yang melakukan transaksi
                  name of parties conducting transaction
               c. sifat hubungan afiliasi (jika ada)
                  nature of the affiliated relationship (if any)
               d. penjelasan mengenai kewajaran transaksi
                  explanation on the fairness of trnsaction
               e. pemenuhan ketentuan terkait
                  fulfilment of related regulations
               f.   dalam hal terdapat hubungan afiliasi, selain mengungkapkan informasi sebagaimana dimaksud dalam huruf a)
                    sampai dengan huruf e), Emiten atau Perusahaan Publik juga mengungkapkan informasi:
                    in the event that there is affiliated relationship, in addition to disclosing information, as mentioned in letter a) to
                    letter e), the issuers or public companies also disclosed the following information:
                    pernyataan Direksi bahwa transaksi afiliasi telah melalui prosedur yang memadai untuk memastikan bahwa
                    transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain dilakukan dengan
                    memenuhi prinsip transaksi yang wajar (armslength principle)
                    statement of the Board of Directors that states that the transaction has gone through proper procedures to ensure
                    that the affiliated transaction has been carried out in accordance with prevailing business practice, which was
                    conducted by fulfilling the principles of fair transaction (armslength principle)
                    peran Dewan Komisaris dan komite audit dalam melakukan prosedur yang memadai untuk memastikan bahwa
                    transaksi afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku umum antara lain dilakukan dengan
                    memenuhi prinsip transaksi yang wajar (armslength principle)
                    the role of Board of Commissioners and audit committee in conducting appropriate procedures to ensure that the
                    affiliated transaction has been carried out in accordance with prevailing business practice, which was conducted by
                    fulfilling the principles of fair transaction (armslength principle)
               g. untuk transaksi afiliasi atau transaksi material yang merupakan kegiatan usaha yang dijalankan dalam rangka
                  menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau berkelanjutan, ditambahkan
                  penjelasan bahwa transaksi afiliasi atau transaksi material tersebut merupakan kegiatan usaha yang dijalankan
                  dalam rangka menghasilkan pendapatan usaha dan dijalankan secara rutin, berulang, dan/atau berkelanjutan
                  for affiliated or material transactions which are the business activities done in order to generate business income
                  and are carried out routinely, repeatedly and/or continuously, an explanation is added which states that the affiliated
                  transactions or material transactions are business activities carried out to generate business income and routinely,
                  repeatedly, and/or continuously

                    Dalam hal transaksi afiliasi atau transaksi material dimaksud telah diungkapkan dalam laporan keuangan tahunan,
                    ditambahkan informasi mengenai rujukan pengungkapan dalam laporan keuangan tahunan tersebut.
                    In the event that the affiliated or material transaction in question has been disclosed in the annual financial
                    statement, information on the reference to the disclosure is added to the annual financial statement.




466        LAPORAN TAHUNAN 2023                                                                                             PT Asuransi Tugu Pratama Indonesia Tbk
Page 469
5       Tata Kelola Perusahaan               6   Tanggung Jawab Sosial Perusahaan                 7   Laporan Keuangan
        Corporate Governance                     Corporate Social Responsibility                      Audited Report




                                                                   Keterangan                                                              Checklist AR
 No.
                                                                    Description                                                            AR Checklists
           h. untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan kepentingan yang merupakan hasil pelaksanaan
              transaksi afiliasi dan/atau transaksi benturan kepentingan yang telah disetujui pemegang saham independen,
              ditambahkan informasi mengenai tanggal pelaksanaan RUPS yang menyetujui transaksi afiliasi dan/atau transaksi
              benturan kepentingan tersebut
              for disclosure of affiliated and/or conflict of interest transactions as a result of the implementation of affiliated and/
              or conflict of interest transactions approved by independent shareholders, information regarding the date of the
              GMS which approved the affiliated and/or conflict of interest transaction is added.
           i.   dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi benturan kepentingan, maka diungkapkan mengenai
                hal tersebut
                If there were no affiliated and/or conflict of interest transactions, such matters will also be disclosed
    16     perubahan ketentuan peraturan perundang-undangan yang berpengaruh signifikan terhadap Emiten atau Perusahaan
           Publik dan dampaknya terhadap laporan keuangan (jika ada)
                                                                                                                                               196
           changes in legal provisions that has a significant impact on the issuers or public companies, and its impact on the
           financial statement (if any)
    17     perubahan kebijakan akuntansi, alasan dan dampaknya terhadap laporan keuangan (jika ada).
                                                                                                                                             196-197
           Changes in accounting policies, the reasons, and its impact on the financial statement (if any)
    G      Tata Kelola Emiten atau Perusahaan Publik
           Tata kelola Emiten atau Perusahaan Publik paling sedikit memuat uraian singkat mengenai:
           Governance of Issuers or Public Companies
           The governance of an Issuer or Public Company must at least contain a brief description of:
    1      RUPS, paling sedikit memuat:
                                                                                                                                             211-231
           AGM, must at least contain:
           a. informasi mengenai keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku meliputi:
              information on AGM resolution on the fiscal year and 1 (one) year prior to the fiscal year, which must at least                213-223
              contain:
                keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang direalisasikan pada tahun buku
                                                                                                                                             224-231
                resolution of the AGM on the fiscal year and 1 (one) year prior to the fiscal year which are realized on the fiscal year
                keputusan RUPS pada tahun buku dan 1 (satu) tahun sebelum tahun buku yang belum direalisasikan beserta
                alasan belum direalisasikan
                                                                                                                                             224-231
                resolution of the AGM on the fiscal year and 1 (one) year prior to the fiscal year which are not realized on the fiscal
                year and the reasonings
           b. dalam hal Emiten atau Perusahaan Publik menggunakan pihak independen dalam pelaksanaan RUPS untuk
              melakukan perhitungan suara, maka diungkapkan mengenai hal tersebut
                                                                                                                                               213
              in the event that the issuers and public companies make use of independent parties in the conduction of AGM to
              vote, that will also be disclosed
    2      Direksi, paling sedikit memuat:
                                                                                                                                             247-263
           Board of Directors, which must at least contain:
           a. tugas dan tanggung jawab masing-masing anggota Direksi
              duties and responsibilities of each member of the Board of Directors

                Informasi mengenai tugas dan tanggung jawab masing-masing anggota Direksi diuraikan dan dapat disajikan dalam                249-257
                bentuk tabel.
                Information on the duties and responsibilities of each member of the Board of Directors is described and can be
                presented in the form of a table.
           b. pernyataan bahwa Direksi memiliki pedoman atau piagam (charter) Direksi
                                                                                                                                               248
              statement that the Board of Directors is equipped with a guidance or a charter
           c. kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi bersama Dewan Komisaris, dan tingkat kehadiran
              anggota Direksi dalam rapat tersebut termasuk kehadiran dalam RUPS
              policies and implementation on the frequency of the Board of Directors’s meetings, the Board of Directors’s and
              Board of Commissioners’s meetings, and the level of attendance of the member of the Board of Directors in such
              meeting, including attendance in the GMS
                                                                                                                                             257-259
                Informasi tingkat kehadiran anggota Direksi dalam rapat Direksi, rapat Direksi bersama Dewan Komisaris, atau
                RUPS dapat disajikan dalam bentuk tabel.
                Information on the level of attendance of members of the Board of Directors at Board of Directors’s meetings,
                meetings between the Board of Directors and the Board of Commissioners, or the GMS can be presented in the
                form of a table.




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                              ANNUAL REPORT 2023     467
Page 470
      1       Kilas Kinerja                  2   Laporan Manajemen             3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
              Performance Review                 Management Report                 Company Profile                 Management Discussion and Analysis




                                                                       Keterangan                                                            Checklist AR
      No.
                                                                        Description                                                          AR Checklists
                 d. pelatihan dan/atau peningkatan kompetensi anggota Direksi:
                                                                                                                                                260-262
                    training and/or competency development of the member of the Board of Directors
                      kebijakan pelatihan dan/atau peningkatan kompetensi anggota Direksi, termasuk program orientasi bagi anggota
                      Direksi yang baru diangkat (jika ada)
                      policy on training and/or competency development of the member of the Board of Directors, including orientation
                      program for the member of the Board of Directors who was newly appointed (id any)
                      pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Direksi dalam tahun buku (jika ada)
                      training and/or competency development of the member of the Board of Directors in the fiscal year (if any)
                 e. penilaian Direksi terhadap kinerja komite yang mendukung pelaksanaan tugas Direksi pada tahun buku paling
                    sedikit memuat:
                                                                                                                                                  263
                    the Board of Directors’s assessment on the committee’s performance which supports the implementation of the
                    Board of Directors’s duties on the fiscal year, which must contain at least:
                      prosedur penilaian kinerja
                      procedures of performance assessment
                      kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat
                      criteria used, such as performance achievement in the fiscal year, the competence, and the attendance in the
                      meeting
                 f.   dalam hal Emiten atau Perusahaan Publik tidak memiliki komite yang mendukung pelaksanaan tugas Direksi, maka
                      diungkapkan mengenai hal tersebut.
                                                                                                                                                    -
                      If the issuers or public companies do not have committee which supports implementation of the Board of
                      Directors’s duties, then that will also be disclosed.
          3      Dewan Komisaris, paling sedikit memuat:
                                                                                                                                                232-246
                 The Board of Commissioners, which must contain at least:
                 a. tugas dan tanggung jawab Dewan Komisaris
                                                                                                                                                234-236
                    duties and responsibilities of each member of the Board of Commissioners
                 b. pernyataan bahwa Dewan Komisaris memiliki pedoman atau piagam (charter) Dewan Komisaris
                                                                                                                                                  233
                    statement that the Board of Commissioners is equipped with a guidelines or charters
                 c. kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris, rapat Dewan Komisaris bersama Direksi dan tingkat
                    kehadiran anggota Dewan Komisaris dalam rapat tersebut termasuk kehadiran dalam RUPS
                    policies and implementation on the frequency of the Board of Commissioners’s meetings, the Board of Directors’s
                    and Board of Commissioners’s meetings, and the level of attendance of the member of the Board of Commissioners
                    in such meeting, including attendance in the GMS
                                                                                                                                                237-239
                      Informasi tingkat kehadiran anggota Dewan Komisaris dalam rapat Dewan Komisaris, rapat Dewan Komisaris
                      bersama Direksi, atau RUPS dapat disajikan dalam bentuk tabel.
                      Information on the level of attendance of members of the Board of Commissioners at Board of Commissioners’s
                      meetings, meetings between the Board of Directors and the Board of Commissioners, or the GMS can be presented
                      in the form of a table.
                 d. pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris:
                                                                                                                                                239-243
                    training and/or competency development of the member of the Board of Commissioners:
                      kebijakan pelatihan dan/atau peningkatan kompetensi anggota Dewan Komisaris, termasuk program orientasi bagi
                      anggota Dewan Komisaris yang baru diangkat (jika ada)
                      policy on training and/or competency development of the member of the Board of Directors, including orientation
                      program for the member of the Board of Directors who was newly appointed (if any)
                      pelatihan dan/atau peningkatan kompetensi yang diikuti anggota Dewan Komisaris dalam tahun buku (jika ada)
                      training and/or competency development of the member of the Board of Commissioners in the fiscal year (if any)
                 e. penilaian kinerja Direksi dan Dewan Komisaris serta masing-masing anggota Direksi dan anggota Dewan Komisaris,
                    paling sedikit memuat:
                                                                                                                                                264-269
                    the assessment on the Board of Directors’s and Board of Commissioners’s performance as well as the members of
                    the Board of Directors’s and Board of Commissioners’s performance, which must contain at least:
                      prosedur pelaksanaan penilaian kinerja
                      procedures of performance assessment
                      kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat
                      criteria used, such as performance achievement in the fiscal year, the competence, and the attendance in the
                      meeting
                      pihak yang melakukan penilaian
                      parties conducting the assessment




468       LAPORAN TAHUNAN 2023                                                                                         PT Asuransi Tugu Pratama Indonesia Tbk
Page 471
5       Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan               7   Laporan Keuangan
        Corporate Governance                   Corporate Social Responsibility                    Audited Report




                                                                Keterangan                                                           Checklist AR
 No.
                                                                 Description                                                         AR Checklists
           f.	
              penilaian Dewan Komisaris terhadap kinerja Komite yang mendukung pelaksanaan tugas Dewan Komisaris pada
              tahun buku meliputi:
                                                                                                                                        244-246
              the Board of Commissioners’s assessment on the committee’s performance which supports the implementation of
              the Board of Commissioners’s duties on the fiscal year, which must contain at least:
           prosedur penilaian kinerja
           procedures of performance assessment
           kriteria yang digunakan seperti capaian kinerja selama tahun buku, kompetensi dan kehadiran dalam rapat
           criteria used, such as performance achievement in the fiscal year, the competence, and the attendance in the meeting
    4      nominasi dan remunerasi Direksi dan Dewan Komisaris, paling sedikit memuat:
                                                                                                                                        270-275
           nomination and remuneration of the Board of Directors and Board of Commissioners, which must contain at least:
           a.	
              prosedur nominasi, meliputi uraian singkat mengenai kebijakan dan proses nominasi anggota Direksi dan/atau
              anggota Dewan Komisaris
                                                                                                                                          271
              nomination procedure, which includes brief explanation on the policies and processes of nomination of the
              members of the Board of Directors and/or the members of Board of Commissioners
           b. prosedur dan pelaksanaan remunerasi Direksi dan Dewan Komisaris, antara lain:
              the procedures and implementation of the Board of Directors’s and Board of Commissioners’s remuneration, which              273
              must include:
           prosedur penetapan remunerasi Direksi dan Dewan Komisaris
                                                                                                                                       271, 273
           procedures for determining the remuneration of the Board of Directors and Board of Commissioners
           struktur remunerasi Direksi dan Dewan Komisaris seperti, gaji, tunjangan, tantiem/bonus dan lainnya
           remuneration structure of the Board of Directors and Board of Commissioners such as the salary, allowance, bonus,           272, 273
           and others
           besarnya remunerasi masing-masing anggota Direksi dan anggota Dewan Komisaris Pengungkapan informasi dapat
           disajikan dalam bentuk tabel.
                                                                                                                                          N/A
           Disclosure of information of the remuneration of each member of the Board of Directors and each member of the Board
           of Commissioners is presented in the form of a table.
    5      dewan pengawas syariah, bagi Emiten atau Perusahaan Publik yang menjalankan kegiatan usaha berdasarkan prinsip
           syariah sebagaimana tertuang dalam anggaran dasar, paling sedikit memuat:
                                                                                                                                        276-280
           sharia supervisory board, for issuers or public companies that conduct business based of sharia principles as stated in
           the article of association, which must contain at least:
           a. nama
              name
           b. dasar hukum pengangkatan dewan pengawas syariah
              legal basis of appointment of the sharia supervisory board
           c. periode penugasan dewan pengawas syariah
              assignment period of sharia supervisory board
           d. tugas dan tanggung jawab dewan pengawas syariah
              duties and responsibilities of the sharia supervisory board
           e.	
              frekuensi dan cara pemberian nasihat dan saran serta pengawasan pemenuhan prinsip syariah di pasar modal
              terhadap Emiten atau Perusahaan Publik
              the frequency and method of providing advice and suggestions, as well as the fulfilment of sharia principles in the
              capital market on issuers and public companies
    6      komite audit, paling sedikit memuat:
                                                                                                                                        281-293
           audit committee, which must contain at least




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                         ANNUAL REPORT 2023    469
Page 472
      1       Kilas Kinerja                  2   Laporan Manajemen               3   Profil Perusahaan       4      Analisis dan Pembahasan Manajemen
              Performance Review                 Management Report                   Company Profile                Management Discussion and Analysis




                                                                          Keterangan                                                          Checklist AR
      No.
                                                                           Description                                                        AR Checklists
                 a. nama dan jabatannya dalam keanggotaan komite
                    name and positions in the committee membership
                 b. usia
                    age
                 c. kewarganegaraan
                    nationality
                 d. riwayat Pendidikan
                    educational background
                 e. riwayat jabatan, meliputi informasi:
                                                                                                                                                283- 285
                    position history, which includes this information:
                      dasar hukum penunjukan sebagai anggota komite
                      legal basis of appointment as a committee member
                      rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta jabatan
                      lainnya (jika ada)
                      concurrent position, whether as a member of the Board of Commissioners, member of the Board of Directors, and/
                      or member of committee, or other position (if any)
                      pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                      working experience and its period in the issuers or public companies
                 f.   periode dan masa jabatan anggota komite audit
                                                                                                                                                   282
                      period and tenure of the position of the audit committee
                 g. pernyataan independensi komite audit
                                                                                                                                                 287-288
                    statement of independence of the audit committee
                 h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)
                                                                                                                                                 290-291
                    training and/or competency development that has been participated in the fiscal year (if any)
                 i.	
                    kebijakan dan pelaksanaan frekuensi rapat komite audit dan tingkat kehadiran anggota komite audit dalam rapat
                    tersebut
                                                                                                                                                 291-292
                    the policies and frequency of the audit committee meetings and th audit committee’s member’s level of attendance
                    in the meetings
                 j.	
                    pelaksanaan kegiatan komite audit pada tahun buku sesuai dengan yang dicantumkan dalam pedoman atau piagam
                    (charter) komite audit
                                                                                                                                                 292-293
                    implementation of the audit committee’s activities in the fiscal year, in accordance to the statement in the audit
                    committee’s guidelines or charter
          7      komite atau fungsi nominasi dan remunerasi Emiten atau Perusahaan Publik, paling sedikit memuat:
                                                                                                                                                 294-306
                 nomination and remuneration committee and function on the issuers or public companies, which must at least contain:
                 a. nama dan jabatannya dalam keanggotaan komite
                    names and positions in the committee membership
                 b. usia
                    age
                 c. kewarganegaraan
                    nationality
                 d. riwayat Pendidikan
                    educational background
                 e. riwayat jabatan, meliputi informasi:
                                                                                                                                                 296-299
                    positional history, which include this information:
                      dasar hukum penunjukan sebagai anggota komite
                      legal basis of appointment as a committee member
                      rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta jabatan
                      lainnya (jika ada)
                      concurrent position, whether as a member of the Board of Commissioners, member of the Board of Directors, and/
                      or member of committee, or other position (if any)
                      pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                      working experience and its period in the issuers or public companies
                 f.   periode dan masa jabatan anggota komite
                                                                                                                                                   296
                      period and tenure of the position of the committee




470       LAPORAN TAHUNAN 2023                                                                                          PT Asuransi Tugu Pratama Indonesia Tbk
Page 473
5       Tata Kelola Perusahaan               6    Tanggung Jawab Sosial Perusahaan           7   Laporan Keuangan
        Corporate Governance                      Corporate Social Responsibility                Audited Report




                                                                    Keterangan                                                     Checklist AR
 No.
                                                                     Description                                                   AR Checklists
           g. pernyataan independensi komite
                                                                                                                                      299-300
              statement of independence of the committee
           h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)
                                                                                                                                      302-304
              training and/or competency development that has been participated in the fiscal year (if any)
           i.   uraian tugas dan tanggung jawab
                                                                                                                                      301-302
                description of duties and responsibilities
           j.   pernyataan bahwa telah memiliki pedoman atau piagam (charter)
                                                                                                                                        294
                statement that it has guidelines or charters
           k. kebijakan dan pelaksanaan frekuensi rapat dan tingkat kehadiran anggota dalam rapat tersebut
                                                                                                                                      304-305
              policies and implementation of the meeting frequency and the member’s level of attendance in that meeting
           l.   uraian singkat pelaksanaan kegiatan pada tahun buku
                                                                                                                                      305-306
                brief explanation of the implementation of activities in the fiscal year
           m. dalam hal tidak dibentuk komite nominasi dan remunerasi, Emiten atau Perusahaan Publik cukup mengungkapkan
              informasi sebagaimana dimaksud dalam huruf i) sampai dengan huruf l) dan mengungkapkan:
                                                                                                                                         -
              if the nomination and remuneration committee was not established, issuers or public companies need to disclose
              that information as mentioned in the letter i) until letter l), and it must contain:
                alasan tidak dibentuknya komite
                                                                                                                                         -
                the reason for not establishing the committee
                pihak yang melaksanakan fungsi nominasi dan remunerasi
                                                                                                                                         -
                party/ies implementing the nomination and remuneration functions
    8      komite lain yang dimiliki Emiten atau Perusahaan Publik dalam rangka mendukung fungsi dan tugas Direksi (jika ada)
           dan/atau komite yang mendukung fungsi dan tugas Dewan Komisaris, paling sedikit memuat:                                    307-314
           other committees owned by the issuers or public companies in supporting the functions and duites of the Board of       (Komite Pemantau
           Directors (if any) and/or committees owned by the issuers or public companies in supporting the functions and duites        Risiko)
           of the Board of Commissioners, which must at least include:
           a. nama dan jabatannya dalam keanggotaan komite
              names and positions in the committee membership
           b. usia
              age
           c. kewarganegaraan
              nationality
           d. riwayat Pendidikan
              educational background
           e. riwayat jabatan, meliputi informasi:
              positional history, which include this information:
                                                                                                                                      308-310
                dasar hukum penunjukan sebagai anggota komite
                legal basis of appointment as a committee member
                rangkap jabatan, baik sebagai anggota Dewan Komisaris, anggota Direksi, dan/atau anggota komite serta jabatan
                lainnya (jika ada)
                concurrent position, whether as a member of the Board of Commissioners, member of the Board of Directors, and/
                or member of committee, or other position (if any)
                pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                working experience and its period in the issuers or public companies
           f.   periode dan masa jabatan anggota komite
                                                                                                                                        308
                period and tenure of the position of the committee
           g. pernyataan independensi komite
                                                                                                                                      310-311
              statement of independence of the committee
           h. pelatihan dan/atau peningkatan kompetensi yang telah diikuti dalam tahun buku (jika ada)
                                                                                                                                      312-313
              training and/or competency development that has been participated in the fiscal year (if any)
           i.   uraian tugas dan tanggung jawab
                                                                                                                                        311
                description of duties and responsibilities
           j.   pernyataan bahwa telah memiliki pedoman atau piagam (charter) komite
                                                                                                                                        307
                statement that it has committee guidelines or charters
           k. kebijakan dan pelaksanaan frekuensi rapat komite dan tingkat kehadiran anggota komite dalam rapat tersebut
                                                                                                                                        313
              policies and implementation of the meeting frequency and the member’s level of attendance in that meeting




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                      ANNUAL REPORT 2023       471
Page 474
      1       Kilas Kinerja                   2   Laporan Manajemen               3   Profil Perusahaan          4    Analisis dan Pembahasan Manajemen
              Performance Review                  Management Report                   Company Profile                 Management Discussion and Analysis




                                                                          Keterangan                                                            Checklist AR
      No.
                                                                           Description                                                          AR Checklists
                 l.   uraian singkat pelaksanaan kegiatan komite pada tahun buku
                                                                                                                                                   313-314
                      brief explanation of the implementation of activities in the fiscal year
          9      sekretaris perusahaan, paling sedikit memuat:
                                                                                                                                                   343-355
                 corporate secretary, which must at least include:
                 a. nama
                    name
                 b. domisili
                    domicile
                 c. riwayat jabatan, meliputi:
                    positional history, which must at least include:
                                                                                                                                                   344-345
                      dasar hukum penunjukan sebagai sekretaris Perusahaan
                      legal basis of appointment as a corporate secretary
                      pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                      working experience and its period in the issuers or public companies
                 d. riwayat Pendidikan
                    educational background
                 e. pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku
                                                                                                                                                     347
                    training and/or competency development that has been participated in the fiscal year (if any)
                 f.   uraian singkat pelaksanaan tugas sekretaris perusahaan pada tahun buku
                                                                                                                                                   348-355
                      brief explanation of the duties of corporate secretary in the fiscal year
          10     unit audit internal, paling sedikit memuat:
                                                                                                                                                   356-364
                 internal audit unit, which must at least include:
                 a. nama kepala unit audit internal
                    name of the head of internal audit unit
                 b. riwayat jabatan, meliputi:
                    positional history, which must at least include:
                      dasar hukum penunjukan sebagai kepala unit audit internal
                                                                                                                                                   357-358
                      legal basis of appointment as a head of internal audit unit
                      pengalaman kerja beserta periode waktunya baik di dalam maupun di luar Emiten atau Perusahaan Publik
                      working experience and its period in the issuers or public companies
                 c. kualifikasi atau sertifikasi sebagai profesi audit internal (jika ada)
                                                                                                                                                   359-360
                    qualification and certification as an internat audit (if any)
                 d. pelatihan dan/atau peningkatan kompetensi yang diikuti dalam tahun buku
                                                                                                                                                     360
                    training and/or competency development that has been participated in the fiscal year
                 e. struktur dan kedudukan unit audit internal
                                                                                                                                                   356-357
                    structure and position of internal audit unit
                 f.   uraian tugas dan tanggung jawab
                                                                                                                                                     358
                      description of duties and responsibilities
                 g. pernyataan bahwa telah memiliki pedoman atau piagam (charter) unit audit internal
                                                                                                                                                     359
                    statement that it has internal audit unit guidelines or charters
                 h. uraian singkat pelaksanaan tugas unit audit internal pada tahun buku termasuk kebijakan dan pelaksanaan
                    frekuensi rapat dengan Direksi, Dewan Komisaris, dan/atau komite audit
                                                                                                                                                     361
                    brief explanation of the implementation of activities of the internal audit unit including its policies and frequency of
                    meeting with the Board of Directors, Board of Commissioners, and/or audit committee
          11     uraian mengenai sistem pengendalian internal (internal control) yang diterapkan oleh Emiten atau Perusahaan Publik,
                 paling sedikit memuat:                                                                                                            365-368
                 description of the internal control unit implemented by issuers or publiccompanies, which must at least include:
                 a. pengendalian keuangan dan operasional, serta kepatuhan terhadap peraturan perundang-undangan lainnya
                                                                                                                                                     368
                    financial and operational control, as well as its compliance to the regulation
                 b. tinjauan atas efektivitas sistem pengendalian internal
                                                                                                                                                     368
                    review on the effectiveness of internal control
                 c. pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan sistem pengendalian internal
                    the statement of the Board of Directors and/or Board of Commissioners on the sufficiency of internal control                     368
                    system




472       LAPORAN TAHUNAN 2023                                                                                            PT Asuransi Tugu Pratama Indonesia Tbk
Page 475
5    Tata Kelola Perusahaan              6   Tanggung Jawab Sosial Perusahaan             7      Laporan Keuangan
     Corporate Governance                    Corporate Social Responsibility                     Audited Report




                                                             Keterangan                                                             Checklist AR
 No.
                                                              Description                                                           AR Checklists
    12   sistem manajemen risiko yang diterapkan oleh Emiten atau Perusahaan Publik, paling sedikit memuat:
                                                                                                                                       369-386
         risk management system implemented by issuers or publiccompanies, which must at least include:
         a. gambaran umum mengenai sistem manajemen risiko Emiten atau Perusahaan Publik
                                                                                                                                       369-378
            general description on the risk management system of the issuers or public companies
         b. jenis risiko dan cara pengelolaannya
                                                                                                                                       380-383
            typs of risks and its management
         c. tinjauan atas efektivitas sistem manajemen risiko Emiten atau Perusahaan Publik
                                                                                                                                         379
            review on the effectiveness of the risk management system of the issuers or public companies
         d. pernyataan Direksi dan/atau Dewan Komisaris atau komite audit atas kecukupan sistem manajemen risiko
            statement of the Board of Directors and/or Board of Commissioners or audit committee on the sufficiency of the               386
            risk management system
    13   perkara hukum yang berdampak material yang dihadapi oleh Emiten atau Perusahaan Publik, entitas anak, anggota
         Direksi dan anggota Dewan Komisaris (jika ada), paling sedikit memuat:
                                                                                                                                       397-398
         legal issues that have a material impact to the issuers or public companies, subsidiaries, the members of Board of
         Directors and Board of Commissioners (if any), which must at least include:
         a. pokok perkara/gugatan
            the case of lawsuit
         b. status penyelesaian perkara/gugatan
            the state of case/lawsuit settlement
         c. pengaruhnya terhadap kondisi Emiten atau Perusahaan Publik
            its impact on the condition of the issuers or public companies
    14   informasi tentang sanksi administratif/sanksi yang dikenakan kepada Emiten atau Perusahaan Publik, anggota Dewan
         Komisaris dan anggota Direksi, oleh Otoritas Jasa Keuangan dan otoritas lainnya pada tahun buku (jika ada)
         information on the administrative sanctions/sanctions imposed to the issuers or public companies, as well as the                399
         member of the Board of Commissioners and Board of Directors, by the financial service authority and other authorities
         in the fiscal year (if any)
    15   informasi mengenai kode etik Emiten atau Perusahaan Publik meliputi:
                                                                                                                                       401-404
         information on the Code of Conduct of the issuers or public companies, which include:
         a. pokok-pokok kode etik
                                                                                                                                         402
            the basic of Code of Conduct
         b. bentuk sosialisasi kode etik dan upaya penegakannya
                                                                                                                                         403
            Its dissemination and enforcement
         c.	
            pernyataan bahwa kode etik berlaku bagi anggota Direksi, anggota Dewan Komisaris, dan karyawan Emiten atau
            Perusahaan Publik
                                                                                                                                         403
            statement that the code of conduct is in effect for the members of the Board of Directors, Board of Commissioners,
            and all the employees of the issuers or public companies
    16   uraian singkat mengenai kebijakan pemberian kompensasi jangka panjang berbasis kinerja kepada manajemen dan/
         atau karyawan yang dimiliki oleh Emiten atau Perusahaan Publik (jika ada), antara lain berupa program kepemilikan
         saham oleh manajemen (management stock ownership program/MSOP) dan/atau program kepemilikan saham oleh
         karyawan (employee stock ownership program/ESOP)

         dalam hal pemberian kompensasi berupa program kepemilikan saham oleh manajemen (management stock ownership
         program/MSOP) dan/atau program kepemilikan saham oleh karyawan (employee stock ownership program/ESOP),
         informasi yang diungkapkan paling sedikit memuat:                                                                             405-406

         A brief description of the policy of providing long-term, performance-based compensation to management and/or
         employees owned by the issuer or public companies (if any), including in the form of a management stock ownership
         program (MSOP) and/or employee stock ownership program (ESOP)

         in providing compensation in the form of a stock ownership program by management (management stock ownership
         program/MSOP) and/or an employee stock ownership program (ESOP), the information disclosed must contain at least:




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                        ANNUAL REPORT 2023    473
Page 476
      1    Kilas Kinerja                    2   Laporan Manajemen            3   Profil Perusahaan           4   Analisis dan Pembahasan Manajemen
           Performance Review                   Management Report                Company Profile                 Management Discussion and Analysis




                                                                     Keterangan                                                            Checklist AR
      No.
                                                                      Description                                                          AR Checklists
               a. jumlah saham dan/atau opsi
                  the number of stock and/or options
               b. jangka waktu pelaksanaan
                  the period of implementation
               c. persyaratan karyawan dan/atau manajemen yang berhak
                  requirements of eligible employees and/or management
               d. harga pelaksanaan atau penentuan harga pelaksanaan
                  the price of implementation or the decision of price of implementation
          17   uraian singkat mengenai kebijakan pengungkapan informasi mengenai:
                                                                                                                                                407
                   brief description on the policy to disclose information on:
               a. kepemilikan saham anggota Direksi dan anggota Dewan Komisaris paling lambat 3 (tiga) hari kerja setelah
                  terjadinya kepemilikan atau setiap perubahan kepemilikan atas saham Perusahaan Terbuka
                                                                                                                                                408
                  share ownership by the members of Board of Directors and Board of Commissioners must be disclosed at the latest
                  3 (three) working days after the ownership or in any changes of ownership of the share of the public companies
               b. pelaksanaan atas kebijakan dimaksud
                                                                                                                                                408
                  implementation of the policies
          18   uraian mengenai sistem pelaporan pelanggaran (whistleblowing system) di Emiten atau Perusahaan Publik, paling
               sedikit memuat:                                                                                                                409-412
                   brief explanation on the whistleblowing system on the issuers or public companies, which must contain at least:
               a. cara penyampaian laporan pelanggaran
                  whistleblowing delivery methods
               b. perlindungan bagi pelapor
                  protection for the whistleblower
               c. penanganan pengaduan
                  complaint handling
               d. pihak yang mengelola pengaduan
                  parties handling the complaint
               e. hasil dari penanganan pengaduan, paling sedikit:
                  the results of the complaint handling, which must include at least:
                  jumlah pengaduan yang masuk dan diproses dalam tahun buku
                  number of complaints entering the system and processed in the fiscal year
               tindak lanjut pengaduan
               follow up on the complaint

                  dalam hal Emiten atau Perusahaan Publik tidak memiliki sistem pelaporan pelanggaran (whistleblowing system),
                  maka diungkapkan mengenai hal tersebut.
                  If the Issuers or Public Companies do not have whistleblowing system, it needs to be disclosed.
          19   uraian mengenai kebijakan anti korupsi Emiten atau Perusahaan Publik, paling sedikit memuat:
                                                                                                                                                413
               description on the anti-corruption policies in the issuers or public companies, which must at least include:
               a. program dan prosedur yang dilakukan dalam mengatasi praktik korupsi, balas jasa (kickbacks), fraud, suap dan/
                  atau gratifikasi dalam Emiten atau Perusahaan Publik
                  programs and procedures implemented in handling corruption, kickbacks, fraud, bribes and/or gratuituies in the
                  issuers or public companies
               b. pelatihan/sosialisasi anti korupsi kepada karyawan Emiten atau Perusahaan Publik
                  training/dissemination of anti-corruption to the employees of the issuers or public companies

                  Dalam hal Emiten atau Perusahaan Publik tidak memiliki kebijakan anti korupsi, maka dijelaskan alasan tidak
                  dimilikinya kebijakan dimaksud.
                  If the issuers of public companies do not have an anti-corruption policy, the reasons behind it needs to be
                  disclosed.




474       LAPORAN TAHUNAN 2023                                                                                        PT Asuransi Tugu Pratama Indonesia Tbk
Page 477
5       Tata Kelola Perusahaan             6   Tanggung Jawab Sosial Perusahaan                7   Laporan Keuangan
        Corporate Governance                   Corporate Social Responsibility                     Audited Report




                                                                 Keterangan                                                            Checklist AR
 No.
                                                                  Description                                                          AR Checklists
    20     penerapan atas pedoman tata kelola Perusahaan Terbuka bagi Emiten yang menerbitkan efek bersifat ekuitas atau
           Perusahaan Publik, meliputi:
                                                                                                                                          426-432
           implementation of limited liabilities governance guidelines for the issuers that issues equity-based securities or public
           companies, which must include:
           a. pernyataan mengenai rekomendasi yang telah dilaksanakan
              statement of recommendation that has been implemented
           b. penjelasan atas rekomendasi yang belum dilaksanakan, disertai alasan dan alternatif pelaksanaannya (jika ada).
              Explanation on the recommendation that has not been implemented, with the reasonings and implementation
              alternatives (if any)

               pengungkapan informasi dapat disajikan dalam bentuk tabel.
               Information disclosure is presented in the form of a table.
    H      Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik
           Social and environmental responsibilities of the issuers or public companies
    1      Tanggung Jawab Sosial dan Lingkungan Emiten atau Perusahaan Publik yang merupakan Laporan Keberlanjutan
           (Sustainability Report) sebagaimana dimaksud dalam Peraturan Otoritas Jasa Keuangan Nomor 51/POJK.03/2017
           tentang Penerapan Keuangan Berkelanjutan bagi Lembaga Jasa Keuangan, Emiten, dan Perusahaan Publik.
                                                                                                                                          436-444
           Social and Environmental Responsibility of Issuers or Public Companies that are Sustainability Reports as referred to
           in the Financial Services Authority Regulation No. 51/POJK.03/2017 concerning the Implementation of Sustainable
           Finance for Financial Services Institutions, Issuers, and Public Companies.
    I      Laporan Keuangan Tahunan yang Telah Diaudit
                                                                                                                                            477
           Audited Annual Financial Report
    J      Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan
           Statement Letter of the Board of Directors and the Board of Commissioners Members regarding Responsibility for the              58-59
           Annual Report




PT Asuransi Tugu Pratama Indonesia Tbk                                                                                           ANNUAL REPORT 2023    475
Page 478
1   Kilas Kinerja          2   Laporan Manajemen         3   Profil Perusahaan      4   Analisis dan Pembahasan Manajemen
    Performance Review         Management Report             Company Profile            Management Discussion and Analysis




                                            Halaman Ini Sengaja Dikosongkan
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    LAPORAN TAHUNAN 2023                                                                    PT Asuransi Tugu Pratama Indonesia Tbk
Page 479
PT ASURANSI TUGU PRATAMA                 PT ASURANSI TUGU PRATAMA
INDONESIA TBK                                        INDONESIA TBK
DAN ENTITAS ANAK                                AND ITS SUBSIDIARIES

Laporan Keuangan Konsolidasian               Consolidated Financial Statements
Untuk Tahun-Tahun yang Berakhir                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022            December 31, 2023 and 2022




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PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                           AND ITS SUBSIDIARIES




Daftar Isi                                    Halaman/                                 Table of Contents
                                                Page


Surat Pernyataan Direksi                                                     Directors’ Statement Letter

Laporan Auditor Independen                                                Independent Auditor’s Report

Laporan Keuangan Konsolidasian                                      Consolidated Financial Statements
Untuk Tahun-Tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022

Laporan Posisi Keuangan Konsolidasian            1          Consolidated Statements of Financial Position

Laporan Laba Rugi dan Penghasilan                           Consolidated Statements of Profit or Loss and
                                                 3
Komprehensif Lain Konsolidasian                                            Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian          5         Consolidated Statements of Changes in Equity

Laporan Arus Kas Konsolidasian                   6                Consolidated Statements of Cash Flows

Catatan Atas Laporan Keuangan Konsolidasian      7        Notes to the Consolidated Financial Statements

Informasi Tambahan                                                                Additional Information

Laporan Posisi Keuangan (Entitas Induk)          I         Statements of Financial Position (Parent Entity)

Laporan Laba Rugi dan Penghasilan                II                Statements of Profit or Loss and Other
Komprehensif Lain (Entitas Induk)                                  Comprehensive Income (Parent Entity)

Laporan Perubahan Ekuitas (Entitas Induk)        III      Statements of Changes in Equity (Parent Entity)

Laporan Arus Kas (Entitas Induk)                 IV             Statements of Cash Flows (Parent Entity)

Catatan atas Investasi pada Entitas Anak                             Notes on Investments in Subsidiaries
                                                 V
(Entitas Induk)                                                                            (Parent Entity)




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PT ASURANSI TUGU PRATAMA INDONESIA TBK                                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                           CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                   FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


                                         Catatan/            2023                2022
                                          Notes               Rp                  Rp

ASET                                                                                                                          ASSETS
Kas dan bank                               4,39              537,857,224         608,986,099              Cash on hand and in banks
Investasi                                                                                                                  Investments
   Deposito berjangka                      5a,39           3,080,099,520       1,836,714,472                          Time deposits
   Efek-efek                               5b,39           6,071,399,365       4,996,347,104                   Marketable securities
   Penyertaan langsung                      5c                36,254,223          35,168,056                     Direct participation
   Investasi pada entitas asosiasi          5d               166,639,022         162,313,843              Investment in associates
   Properti investasi                       5f             2,317,627,368       2,292,877,995                  Investment properties
Piutang premi dan                                                                                                Premium and cession
  sesi, neto                               6,39            1,859,030,780       2,075,334,496                         receivables, net
Piutang koasuransi, neto                   7,39              422,878,924         128,981,110             Coinsurance receivables, net
Piutang reasuransi dan                                                                                  Reinsurance and retrocession
   retrosesi, neto                         8,39              655,594,034         387,892,121                        receivables, net
Piutang lain-lain                           13               266,796,478         214,226,869                         Other receivables
Aset tetap, neto                            10             1,614,302,861       1,443,394,444                          Fixed assets, net
Aset tak berwujud, neto                     12               113,420,431          35,568,701                     Intangible assets, net
Aset hak guna, neto                        11a                10,357,593           8,540,167                   Right use of assets, net
Aset reasuransi                             16             7,262,059,610       6,660,510,096                       Reinsurance assets
Biaya dibayar di muka dan uang muka                           32,437,029          36,654,655          Prepaid expenses and advances
Tagihan kelebihan pembayaran pajak          19a                        --            661,001                      Claims for tax refund
Pajak dibayar di muka                       19b               35,238,365          46,731,686                             Prepaid taxes
Aset pajak tangguhan                        19f              281,650,749         244,381,919                       Deferred tax assets
Aset lain-lain                               9               374,299,039         366,020,634                              Other assets
JUMLAH ASET                                               25,137,942,615      21,581,305,468                          TOTAL ASSETS

LIABILITAS DAN EKUITAS                                                                                     LIABILITIES AND EQUITY
LIABILITAS                                                                                                               LIABILITIES
Utang reasuransi dan                                                                                                Reinsurance and
  retrosesi                                17,39           1,891,733,387       1,461,086,212                 retrocession payables
Utang komisi                               18,39              43,569,121          32,859,510                  Commissions payables
Utang klaim                                14,39             313,786,300         129,055,750                         Claims payables
Utang koasuransi                           15,39              73,562,226          46,887,949                   Coinsurance payables
Pinjaman diterima                          23,39             296,149,553         121,346,712                              Borrowings
Utang pembiayaan konsumen                                                                                          Consumer finance
   dan sewa pembiayaan                     24,39              45,513,893          68,616,376                  and leases payables
Liabilitas sewa                             11b                6,194,693           2,917,784                          Lease liabilities
Beban akrual                                20               290,477,838         137,516,459                       Accrued expenses
Tagihan kekurangan pembayaran pajak         19c                3,256,171                   --                  Tax underpayment bill
Utang pajak                                 19d              180,342,673          64,785,768                         Taxes payables
Utang lain-lain                             21               270,437,331         263,685,403                          Other payables
Liabilitas asuransi                        16,39          11,147,535,021       9,797,252,044                      Insurance liabilities
Liabilitas imbalan kerja                    22               295,526,175         283,197,201               Employee benefits liabilities
JUMLAH LIABILITAS                                         14,858,084,382      12,409,207,168                     TOTAL LIABILITIES




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                  The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                     consolidated financial statement as a whole

                                                                    1
Page 489
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN POSISI KEUANGAN                                                           CONSOLIDATED STATEMENTS OF
KONSOLIDASIAN                                                                                   FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


                                          Catatan/               2023             2022
                                           Notes                  Rp               Rp
EKUITAS                                                                                                                        EQUITY
Ekuitas yang dapat diatribusikan                                                                           Equity attributable to equity
  kepada pemilik entitas induk:                                                                        owner's holders of the parent:
Modal saham - nilai nominal                                                                                   Share capital - par value
  Rp50 (nilai penuh) per saham                                                                         Rp50 (full amount) per share
  Modal dasar -                                                                                                          Authorized -
  6.400.000.000 saham                                                                                         6,400,000,000 shares
  Modal ditempatkan dan disetor penuh -                                                                       Issued and fully paid -
  3.555.575.600 saham dengan jumlah                                                                           3,555,575,600 shares
  nilai nominal seluruhnya sebesar                                                                        with a total nominal value
  Rp177.778.780.000 (nilai penuh)                                                                   Rp177,778,780,000 (full amount)
  per 31 Desember 2023                                                                                    as of December 31, 2023
  nilai nominal                                                                                                         Share capital
  Rp100 (nilai penuh) per saham                                                                       Rp100 (full amount) per share
  Modal dasar -                                                                                                          Authorized -
  6.400.000.000 saham                                                                                         6,400,000,000 shares
  Modal ditempatkan dan disetor penuh -                                                                       Issued and fully paid -
  1.777.787.800 saham dengan jumlah                                                                           1,777,787,800 shares
  nilai nominal seluruhnya sebesar                                                                        with a total nominal value
  Rp177.778.780.000 (nilai penuh)                                                                   Rp177,778,780,000 (full amount)
  tahun 2022                                25               177,778,780        177,778,780                                year 2022
Tambahan modal disetor                      27               625,460,209        625,460,209                   Additional paid in capital
Selisih kurs penjabaran
  laporan keuangan                                           (37,679,259)       (32,181,241)                    Translation adjustments
Selisih transaksi antara pemegang                                                                     Difference in transaction between
  saham entitas anak                                         105,555,883        105,555,883              shareholders of a subsidiary
Keuntungan yang belum                                                                                                Unrealized gains on
  direalisasi atas efek - efek                                                                                       available-for-sale
  yang tersedia untuk dijual, neto          5e                 8,409,087         (26,735,318)               marketable securities, net
Surplus revaluasi aset tetap                10             2,027,351,117       2,013,558,080           Fixed assets revaluation surplus
Saldo laba                                                                                                            Retained earnings
  Ditentukan penggunaannya                                   413,313,271         413,313,271                              Appropriated
  Belum ditentukan penggunaannya                           6,262,074,018       5,162,579,761                           Unappropriated
Sub-jumlah ekuitas yang
  dapat diatribusikan kepada                                                                               Equity attributable to equity
  pemilik entitas induk                                    9,582,263,106       8,439,329,425            owners holders of the parent
Kepentingan non-pengendali                  29               697,595,127         732,768,875                   Non-controlling interest
JUMLAH EKUITAS                                            10,279,858,233       9,172,098,300                           TOTAL EQUITY

JUMLAH LIABILITAS                                                                                            TOTAL LIABILITIES AND
DAN EKUITAS                                               25,137,942,615      21,581,305,468                                EQUITY




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                  The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                     consolidated financial statement as a whole

                                                                    2
Page 490
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                        CONSOLIDATED STATEMENTS OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN                                           LOSS AND OTHER COMPREHENSIVE INCOME
Untuk Tahun-Tahun yang Berakhir                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


                                            Catatan/             2023            2022
                                             Notes                Rp              Rp
PENDAPATAN ASURANSI DAN                                                                              INSURANCE AND REINSURANCE
REASURANSI                                                                                                                  REVENUES
Pendapatan underwriting                                                                                        Underwriting revenues
Pendapatan premi                                                                                                      Premium income
  Premi bruto                                  30            7,709,524,068     6,705,580,219                        Gross premium
                                                                                                                   Reinsurance and
  Premi reasuransi dan retrosesi               30           (4,368,028,394)   (3,518,922,914)                retrocession premium
Perubahan premi yang                                                                                            Changes in unearned
  belum merupakan pendapatan                                                                                premium reserves and
  dan liabilitas manfaat                                                                                         liabilities for future
  polis masa depan                             30            (711,844,970)      (74,292,747)                          policy benefits
Perubahan aset reasuransi atas
  premi yang belum                                                                                     Changes in reinsurance assets of
  merupakan pendapatan                                                                                   unearned premium reserves
  dan liabilitas manfaat                                                                                      and liabilities for future
  polis masa depan                             30              450,280,969     (267,439,418)                           policy benefits
Pendapatan premi, neto                                       3,079,931,673     2,844,925,140                      Premium income, net
Beban komisi, neto                             31            (470,367,564)     (502,133,301)                 Commission expense, net
Jumlah pendapatan underwriting                               2,609,564,109     2,342,791,839               Total underwriting revenues
Pendapatan investasi                           33              579,830,038       352,391,330                         Investment income
Pendapatan usaha lainnya                       34              402,090,598       398,710,042                 Other operating revenues
JUMLAH PENDAPATAN                                            3,591,484,745     3,093,893,211                       TOTAL REVENUES
BEBAN                                                                                                                           EXPENSES
Beban klaim                                                                                                               Claim expenses
  Klaim bruto                                  32           (2,785,386,889)   (2,284,625,795)                              Gross claims
  Klaim reasuransi                                                                                                         Reinsurance
    dan retrosesi                              32            1,361,523,348       972,264,314                and retrocession claims
                                                                                                                    Changes in estimated
Perubahan estimasi liabilitas klaim            32            (638,438,007)    (1,162,635,982)                           claims liabilities
Perubahan aset reasuransi atas                                                                            Changes in reinsurance assets
  estimasi liabilitas klaim                    32               151,268,545       802,649,320            for estimated liabilities claims
Jumlah beban klaim neto                                     (1,911,033,003)   (1,672,348,143)                    Total net claim expenses
Beban usaha                                    35             (812,220,956)     (771,135,847)                         Operating expenses
Beban usaha lainnya                            36             (298,263,982)     (258,769,400)                  Other operating expenses
Pendapatan (beban) lain-lain, neto             37             1,054,600,500       108,509,604              Other income (expenses), net
JUMLAH BEBAN                                                (1,966,917,441)   (2,593,743,786)                        TOTAL EXPENSES
Laba sebelum bagian laba bersih                                                                       Income before share in associates’
  entitas asosiasi dan beban pajak                                                                        net income and final tax and
  final dan pajak penghasilan                                1,624,567,304       500,149,425                      income tax expenses
Bagian laba bersih entitas asosiasi            5d                7,763,237        17,047,789             Share in associates net income
Laba sebelum beban pajak final                                                                                Income before final tax and
  dan pajak penghasilan                                      1,632,330,541      517,197,214                       income tax expenses
Beban pajak final                             19e              (52,159,894)     (30,496,363)                             Final tax expense
Laba sebelum beban pajak                                                                                        Income before income tax
  penghasilan                                                1,580,170,647      486,700,851                                    expenses
Beban pajak penghasilan                       19e            (278,069,378)      (91,595,511)                          Income tax expense
LABA TAHUN BERJALAN                                          1,302,101,269      395,105,340                    INCOME FOR THE YEAR




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                  The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                     consolidated financial statement as a whole

                                                                    3
Page 491
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
LAPORAN LABA RUGI DAN PENGHASILAN                                         CONSOLIDATED STATEMENTS OF PROFIT OR
KOMPREHENSIF LAIN KONSOLIDASIAN                                            LOSS AND OTHER COMPREHENSIVE INCOME
(Lanjutan)                                                                                                   (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)


                                          Catatan/               2023             2022
                                           Notes                  Rp               Rp
PENGHASILAN KOMPREHENSIF                                                                                     OTHER COMPREHENSIVE
  LAIN                                                                                                                          INCOME
Pos yang tidak akan direklasifikasi                                                                     Items that will not be reclassified
  ke laba rugi:                                                                                                         to profit or loss:
  Pengukuran kembali atas                                                                                Remeasurement of employee
     liabilitas imbalan kerja                                      8,044,434      27,611,470                          benefits liability
  Surplus revaluasi aset tetap                 10                 13,793,037     124,229,175          Fixed assets revaluation surplus
  Pajak penghasilan terkait pos                                                                            Income tax related to items
  yang tidak akan direklasifikasi                                                                        that will not be reclassified
     ke laba rugi                                                 (1,231,666)     (6,900,436)                         to profit or loss
Pos yang akan direklasifikasi                                                                               Items that will be reclassified
  ke laba rugi:                                                                                                         to profit or loss:
  Keuntungan yang
     belum direalisasi atas                                                                                           Unrealized gains
     efek-efek tersedia untuk                                                                                  on available-for - sale
     dijual                                    5e                 39,420,023     (65,685,228)                  marketable securities
  Selisih kurs penjabaran laporan
     keuangan                                                     (5,498,190)     28,090,757                   Translation adjustments
  Pajak penghasilan terkait pos                                                                            Income tax related to items
     yang akan direklasifikasi                                                                               that will be reclassified
     ke laba rugi                                                 (4,506,593)     24,007,996                          to profit or loss
Jumlah penghasilan komprehensif                                                                               Total other comprehensive
  lain setelah pajak                                              50,021,045     131,353,734                            income after tax
JUMLAH PENGHASILAN                                                                                           TOTAL COMPREHENSIVE
  KOMPREHENSIF TAHUN                                                                                                     INCOME
  BERJALAN                                                   1,352,122,314       526,459,074                       FOR THE YEAR

Laba tahun berjalan yang
  dapat diatribusikan kepada:                                                                         Income for the year attributable to:
  Pemilik entitas induk                                      1,322,393,811       347,150,768         Equity owners of the parent entity
  Kepentingan non-pengendali                                   (20,292,542)       47,954,572                  Non-controlling interest
Jumlah                                                       1,302,101,269       395,105,340                                        Total

Jumlah penghasilan komprehensif
  tahun berjalan yang dapat                                                                                 Total comprehensive income
  diatribusikan kepada:                                                                                     for the year attributable to:
  Pemilik entitas induk                                      1,372,504,501       482,800,353         Equity owners of the parent entity
  Kepentingan non-pengendali                                   (20,382,187)       43,658,721                    Non-controlling interest
Jumlah                                                       1,352,122,314       526,459,074                                          Total

LABA PER SAHAM YANG                                                                                         EARNINGS PER SHARE
  DAPAT DIATRIBUSIKAN                                                                                 ATTRIBUTABLE TO EQUITY
  KEPADA PEMILIK ENTITAS INDUK                                                                    OWNERS OF THE PARENT ENTITY
  (nilai penuh)                                                          372             195                       (full amount)




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                  The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                     consolidated financial statement as a whole

                                                                     4
Page 492
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                                                                                                                                                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                                                                                                                                                   AND ITS SUBSIDIARIES
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                                                                                 CONSOLIDATED STATEMENTS CHANGES IN OF EQUITY
Untuk Tahun-Tahun yang Berakhir                                                                                                                                                                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                                                                                                                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                                                                                            unless otherwise stated)
                                                                                                                                             Keuntungan/
                                                                                                                                               (kerugian)
                                                                                                                                              yang belum
                                                                                                                                            direalisasi atas
                                                                                                                                                efek-efek
                                                                                                  Selisih transaksi                         tersedia untuk
                                                                                                  antara pemegang                             dijual, neto/                                                                                Ekuitas yang
                                                                                                 saham entitas anak/    Selisih kurs          Unrealized                    Surplus                                                     dapat diatribusikan
                                                                            Tambahan                Difference in        penjabaran         gain/ (loss) on                revaluasi             Saldo laba/Retained earnings             kepada pemilik
                                                                           modal disetor/           transactions          laporan              available -                aset tetap/                                  Belum               entitas induk/       Kepentingan non
                                                                            Additional                between            keuangan/              for-sale                Fixed assets           Ditentukan            Ditentukan         Equity attributable       pengendali/          Jumlah
                                           Catatan/   Modal saham/           paid in               shareholders of      Translation           marketable                 revaluation         penggunaannya/       penggunaannya/         to equity holders      Non-controlling        ekuitas/
                                            Notes     Share capital          capital                a subsidiary        adjustments         securities, net                 surplus           Appropriated        Unappropriated*)         of the parent            interest         Total equity
Saldo per 31 Desember 2021                                 177,777,780          625,432,789              105,555,883        (60,271,161)           10,066,729              1,888,997,593           413,313,271        4,934,450,781           8,095,323,665           694,407,751      8,789,731,416           Balance as of December 31 2021
Dividen kas                                  26                      --                   --                       --                  --                      --                       --                    --       (126,592,141)          (126,592,141)            (5,297,597)      (131,889,738)                             Cash dividends
Laba tahun berjalan                                                  --                   --                       --                  --                      --                       --                    --         347,150,768            347,150,768            47,954,572         395,105,340                        Income for the year
Management Employee Stock Option Plan       27,28                1,000               27,420                        --                  --                      --                       --                    --                   --                28,420                     --             28,420   Management Employee Stock Option Plan
Pengukuran kembali liabilitas imbalan                                                                                                                                                                                                                                                                              Remeasurement of employee
  kerja setelah pajak                                                 --                    --                     --                 --                       --                       --                    --         19,801,225              19,801,225               909,809         20,711,034                benefits liabilities after tax
Selisih kurs penjabaran laporan keuangan                              --                    --                     --        28,089,920                        --                       --                    --                  --             28,089,920                   837         28,090,757                    Translation adjustments
Keuntungan yang belum                                                                                                                                                                                                                                                                                              Unrealized gain on available-
  direalisasi atas efek-efek tersedia                                                                                                                                                                                                                                                                                     for-sale marketable
  untuk dijual neto setelah pajak            5e                      --                   --                       --                 --          (36,802,047)                         --                    --                   --            (36,802,047)           (4,875,185)       (41,677,232)                   securities net after tax
Reklasifikasi dana Tabarru'                  21                      --                   --                       --                 --                    --                         --                    --         (12,230,872)            (12,230,872)                    --       (12,230,872)              Reclassification Tabarru' fund
Surplus revaluasi aset tetap                 10                      --                   --                       --                 --                    --               124,560,487                     --                   --            124,560,487              (331,312)       124,229,175            Fixed assets revaluation surplus
Saldo per 31 Desember 2022                                 177,778,780          625,460,209              105,555,883        (32,181,241)          (26,735,318)             2,013,558,080           413,313,271        5,162,579,761           8,439,329,425           732,768,875      9,172,098,300          Balance as of December 31 2022
Tambahan modal disetor                                                --                    --                     --                  --                      --                       --                    --                  --                      --           187,198,292       187,198,292                    Additional paid in capital
Dividen saham                                26                       --                    --                     --                  --                      --                       --                    --                  --                      --         (187,198,292)     (187,198,292)                             Shares dividends
Dividen kas                                  26                       --                    --                     --                  --                      --                       --                    --      (229,570,820)           (229,570,820)           (14,791,561)     (244,362,381)                               Cash dividends
Laba tahun berjalan                                                   --                    --                     --                  --                      --                       --                    --      1,322,393,811           1,322,393,811           (20,292,542)     1,302,101,269                          Income for the year
Pengukuran kembali liabilitas imbalan                                                                                                                                                                                                                                                                               Remeasurement of employee
  kerja setelah pajak                                                 --                    --                     --                 --                       --                       --                    --          6,671,266                6,671,266              141,502           6,812,768                benefits liabilities after tax
Selisih kurs penjabaran laporan keuangan                              --                    --                     --        (5,498,018)                       --                       --                    --                  --             (5,498,018)                (172)         (5,498,190)                    Translation adjustments
Keuntungan yang belum                                                                                                                                                                                                                                                                                               Unrealized gain on available-
  direalisasi atas efek-efek tersedia                                                                                                                                                                                                                                                                                      for-sale marketable
  untuk dijual neto setelah pajak            5e                      --                   --                       --                 --           35,144,405                          --                    --                   --             35,144,405             (230,975)         34,913,430                     securities net after tax
Surplus revaluasi aset tetap                 10                      --                   --                       --                 --                    --                13,793,037                     --                   --             13,793,037                     --        13,793,037             Fixed assets revaluation surplus
Saldo per 31 Desember 2023                                 177,778,780          625,460,209              105,555,883        (37,679,259)            8,409,087              2,027,351,117           413,313,271        6,262,074,018           9,582,263,106           697,595,127     10,279,858,233           Balance as of December 31 2023
Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                                                                                                                 The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                                                                                                                                                                                                    consolidated financial statement as a whole
                                                                                                                                                                    5
Page 493
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
LAPORAN ARUS KAS KONSOLIDASIAN                                          CONSOLIDATED STATEMENTS OF CASH FLOWS
Untuk Tahun-Tahun yang Berakhir                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)


                                           Catatan/              2023              2022
                                            Notes                 Rp                Rp
ARUS KAS DARI                                                                                                        CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                                          OPERATING ACTIVITIES
Penerimaan kas dari tertanggung,                                                                               Cash receipts from insured,
  reasuradur, dan pelanggan                                 8,499,827,503        7,996,568,249               reinsurers, and customers
Pembayaran kas kepada tertanggung,                                                                       Cash paid to insured, reinsurers,
  reasuradur, pemasok, dan karyawan                        (7,303,259,682)      (7,084,256,370)               suppliers, and employees
Pembayaran pajak penghasilan                                 (198,596,293)         (56,870,078)                            Income tax paid
Penerimaan klaim atas pengembalian pajak                        18,328,138              472,610     Cash receipts from claim for tax refund
Penerimaan atas litigasi                                     1,112,349,363                    --              Cash receipts from litigation
Arus kas neto yang diperoleh dari                                                                           Net cash flows provided by
  aktivitas operasi                                         2,128,649,029          855,914,411                      operating activities
ARUS KAS DARI                                                                                                        CASH FLOWS FROM
 AKTIVITAS INVESTASI                                                                                           INVESTING ACTIVITIES
Penerimaan bunga                                                 446,797,913       174,303,943                             Interest received
Penerimaan dividen                                                43,395,981         9,591,362                          Dividends received
                                                                                                                 Proceeds from Placement
Penempatan investasi, neto                                 (2,216,923,649)        (577,603,205)                      of investments, net
Perolehan aset tetap                          10             (368,082,172)        (263,733,826)                Acquisitions of fixed assets
Hasil penjualan aset tetap                    10                    21,331               10,187        Proceeds from sale of fixed assets
Perolehan properti investasi                                     (111,869)                    --       Acquisitions of investment property
Arus kas neto digunakan                                                                                              Net cash flows used
  untuk aktivitas investasi                                (2,094,902,465)        (657,431,539)                 for investing activities
ARUS KAS DARI                                                                                                     CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                                                        FINANCING ACTIVITIES
Tambahan modal disetor                        28                         --              28,420                 Additional paid in capital
Pembayaran dividen                            26             (244,362,381)        (131,889,738)                           Dividends paid
Pembayaran pinjaman diterima                  23              (71,485,703)         (24,791,064)                  Payment of borrowings
Pencairan pinjaman diterima                   23               246,288,544          102,811,711         Proceeds of borrowings receiving
Pembayaran utang sewa pembiayaan                                                                           Payment of consumer finance
  konsumen dan sewa pembiayaan                24                 (23,102,483)      (90,339,269)                     and lease payable
Pembayaran bunga sewa pembiayaan              24                  (5,278,681)       (8,933,293)         Payment of lease payable interest
Pembayaran liabilitas sewa                    11                  (3,440,371)       (4,807,958)               Payment of lease liabilities
Arus kas neto yang digunakan                                                                                    Net cash flows used in
  untuk aktivitas pendanaan                                  (101,381,075)        (157,921,191)                  financing activities
KENAIKAN (PENURUNAN)                                                                                       NET INCREASE (DECREASE)
 NETO KAS DAN BANK                                               (67,634,511)       40,561,681                  IN CASH AND BANKS
PENYESUAIAN ATAS                                                                                            ADJUSTMENT OF FOREIGN
 SELISIH KURS                                                     (3,494,364)       22,432,743             EXCHANGES DIFFERENCE
KAS DAN BANK                                                                                                       CASH AND BANKS
 AWAL TAHUN                                   4                  608,986,099       545,991,675               AT BEGINNING OF YEAR
KAS DAN BANK                                                                                                      CASH AND BANKS AT
 AKHIR TAHUN                                  4                  537,857,224       608,986,099                        END OF YEAR


* Lihat Catatan 40 untuk pengungkapan informasi tambahan arus                   * See Note 40 for the additional cash flows information.
  kas.




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                    The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan.                                                       consolidated financial statement as a whole

        Approval for printing                                       6                                                      Paraf:
Page 494
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN                                                                 FINANCIAL STATEMENTS
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

1.     Umum                                                1. General

1.a.   Pendirian Perseroan                                1.a. Establishment of the Company
       PT Asuransi Tugu Pratama Indonesia Tbk                  PT Asuransi Tugu Pratama Indonesia Tbk
       (“Perseroan”) didirikan berdasarkan Akta                (“the Company”) was established based on
       Notaris No. 9 tanggal 25 November 1981                  Notarial Deed No. 9 dated November 25, 1981
       dari Tan Thong Kie, S.H. Akta pendirian ini             of Notary Tan Thong Kie, S.H. The deed of
       disahkan oleh Menteri Kehakiman Republik                establishment was approved by the Minister of
       Indonesia dengan Surat Keputusan No.                    Justice of the Republic of Indonesia in his
       Y.A5/177/20 tanggal 15 Maret 1982 serta                 Decision Letter No.Y.A5/177/20 dated March
       diumumkan dalam Tambahan No. 845 dari                   15, 1982 and was published in Supplement
       Berita Negara Republik Indonesia No. 54                 No. 845 to the State Gazette of the Republic
       tanggal 6 Juli 1982. Anggaran dasar                     of Indonesia No. 54 dated July 6, 1982. The
       Perseroan telah mengalami beberapa kali                 Company’s Articles of Association have been
       perubahan, terakhir dengan Akta Notaris No.             amended several times, most recently by
       47 tanggal 10 Mei 2021 dari Notaris Jose                Notarial Deed No. 47 of Jose Dima Satria,
       Dima Satria, S.H., M.Kn. tentang Pernyataan             S.H., M.Kn. dated May 10, 2021 regarding the
       Keputusan Rapat Perubahan Anggaran                      Statement of Meeting Change in Articles of PT
       Dasar PT Tugu Pratama Indonesia.                        Tugu Pratama Indonesia. This change was
       Perubahan Anggaran Dasar tersebut telah                 approved by the Minister of Law and Human
       memperoleh persetujuan dari Menteri                     Rights of Republic of Indonesia in his Decision
       Hukum dan Hak Asasi Manusia Republik                    Letter No. AHU-0032939.AH.01.02 dated
       Indonesia dalam Surat Keputusan No. AHU-                June 9, 2021.
       0032939.AH.01.02 tanggal 9 Juni 2021.

       Anggaran      Dasar     Perseroan      telah            The Company’s Articles of Association have
       disesuaikan dengan ketentuan Undang-                    conformed with Law No. 40 Year 2007 on
       Undang No. 40 Tahun 2007 mengenai                       Limited Liability Company (UU PT) based on
       Perseroan Terbatas (UU PT) yang                         Notarial Deed No. 27 dated June 25, 2008 of
       dituangkan dalam Akta Notaris No. 27                    Lenny Janis Ishak, S.H. This change was
       tanggal 25 Juni 2008 dari Lenny Janis Ishak,            approved by the Minister of Justice and
       S.H. Perubahan tersebut telah mendapat                  Human Rights of the Republic of Indonesia in
       persetujuan dari Menteri Hukum dan Hak                  his decision letter No. AHU- 51110.AH.01.02.
       Asasi Manusia Republik Indonesia dengan                 Year 2008 dated August 14, 2008 and was
       Surat       Keputusan        No.       AHU-             published in the Supplement No. 25141 to
       51110.AH.01.02.Tahun       2008     tanggal             State Gazette of Republic of Indonesia No. 95
       14 Agustus 2008 serta diumumkan dalam                   dated November 25, 2008.
       Berita Negara Republik Indonesia No. 95
       tanggal 25 November 2008, Tambahan No.
       25141.

       Kantor pusat Perseroan berkedudukan di                  The Company’s head office is located at
       Gedung Wisma Tugu I, Jalan Rasuna Said                  Wisma Tugu I Building, Jalan Rasuna Said
       Kav C 8-9, Jakarta 12920, dengan 33 kantor              Kav C 8-9, Jakarta 12920, with 33 offices
       di luar kantor pusat yang tersebar di kota-             outside the head office spread across major
       kota besar di Indonesia seperti Surabaya,               cities in Indonesia such as Surabaya,
       Bandung, Semarang, Jogjakarta, Denpasar,                Bandung, Semarang, Jogjakarta, Denpasar,
       Medan, Palembang, Pekanbaru, Padang,                    Medan, Palembang, Pekanbaru, Padang,
       Balikpapan, Pontianak, Bandar Lampung,                  Balikpapan, Pontianak, Bandar Lampung,
       Makassar, Manado, Palu, dan kota-kota                   Makassar, Manado, Palu, and other cities.
       lainnya.

       Sesuai dengan pasal 3 Anggaran Dasar                    In accordance with article 3 of the Company’s
       Perseroan,  ruang    lingkup  kegiatan                  Articles of Association, the Company is
       Perseroan adalah dalam bidang industri                  engaged in general insurance, reinsurance
       asuransi umum, reasuransi, dan bisnis                   and sharia business. The Company obtained

                                                      7
Page 495
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)

     syariah. Perseroan memperoleh izin usaha                                    its business license from the Ministry of
     dari Kementerian Keuangan Republik                                          Finance of the Republic of Indonesia through
     Indonesia melalui Direktorat Jenderal                                       the Directorate General of Domestic Monetary
     Moneter Dalam Negeri dengan Surat                                           Affairs in its Decision Letter No. Kep-
     Keputusan No. Kep-5572/MD/1981 tanggal                                      5572/MD/1981 dated December 9, 1981 and
     9 Desember 1981 dan Kep-8014/MD/1986                                        Kep-8014/MD/1986 dated December 8, 1986.
     tanggal 8 Desember 1986.

     Perseroan memperoleh izin pembukaan                                         The Company has obtained a license to open
     divisi yang beroperasi dengan prinsip                                       a division that would operate in accordance
     syariah berdasarkan Surat Rekomendasi                                       with sharia principles based on letter of
     No.U-044/DSN-MUI/III/2005         tanggal                                   recommendation from Dewan Sharia Nasional
     20 Maret 2005 dari Dewan Syariah Nasional                                   - Majelis Ulama Indonesia No. U-044/DSN-
     Majelis Ulama Indonesia dan Surat                                           MUI/III/2005 dated March 20, 2005 and
     Keputusan Menteri Keuangan Republik                                         Decision Letter of the Minister of Finance of
     Indonesia No. KEP-108/KM.05/2005 tanggal                                    Republic     of    Indonesia     No.    KEP-
     18 April 2005.                                                              108/KM.05/2005 dated April 18, 2005.

1.b. Manajemen kunci dan informasi lainnya                                  1.b. Key management and other information
     Berdasarkan Akta Notaris No. 124 tanggal                                    Based on Notarial Deed No. 124 dated
     23 April 2023 dan telah memperoleh                                          April 23, 2023 and was approved by the
     persetujuan dari Kementerian Hukum dan                                      Minister of Law and Human Rights of Republic
     Hak Asasi Manusia Republik Indonesia                                        of Indonesia in his Decision Letter No. AHU-
     dalam Surat Keputusan No. AHU-AH.01.09-                                     AH.01.09-0114441 dated May 5, 2023 and
     0114441 tanggal 5 Mei 2023 dan Akta                                         Notarial Deed No. 132 dated August 24, 2022
     Notaris No. 132 tanggal 24 Agustus 2022                                     and was approved by the Minister of Law and
     dan telah memperoleh persetujuan dari                                       Human Rights of Republic of Indonesia in his
     Kementerian Hukum dan Hak Asasi Manusia                                     Decision Letter No. AHU-AH.01.09-0047451
     Republik Indonesia dalam Surat Keputusan                                    dated August 24, 2022. The Company’s Board
     No.     AHU-AH.01.09-0047451          tanggal                               of Commissioners and Directors, Audit
     24 Agustus 2022. Susunan Dewan                                              Committee, and Sharia Supervisory Board as
     Komisaris, Direksi, Komite Audit, dan Dewan                                 of December 31, 2023 and 2022, are as
     Pengawas Syariah Perseroan pada tanggal                                     follows:
     31 Desember 2023 dan 2022 adalah
     sebagai berikut:

                                                      2023                              2022
      Dewan Komisaris :                                                                                          Board of Commissioners :
      Presiden Komisaris                         Dian Masyita *                     Dian Masyita *                  President Commissioner
      Komisaris Independen                      Poerwo Tjahjono                    Poerwo Tjahjono               Independent Commissioner
      Komisaris Independen                       Tajudin Noor**                    Adi Zakaria Afiff             Independent Commissioner
      Komisaris                            Samuel Lie (Samuel Ramna)              Amelia Kurniawan                            Commissioner
      Komisaris                           Bagus Agung Rahadiansyah***        Bagus Agung Rahadiansyah**                       Commissioner
      Direksi :                                                                                                        Board of Directors :
      Presiden Direktur                         Tatang Nurhidayat                 Tatang Nurhidayat                       President Director
      Direktur                                     Emil Hakim                        Emil Hakim                                     Director
      Direktur                                       Sudarlin                       Syaiful Azhar                                   Director
      Direktur                                   Ery Widiatmoko                    Ery Widiatmoko                                   Director
      Direktur                                 Edi Yoga Prasetyo**                  Budi P. Amir                                    Director
      Komite Audit :                                                                                                     Audit Committee :
      Ketua                                     Poerwo Tjahjono                   Poerwo Tjahjono                                 Chairman
      Anggota                                      Dini Rosdini                      Dini Rosdini                                  Member
      Anggota                                 Eni Pratiwi Herlinawati           Eni Pratiwi Herlinawati                            Member
      Anggota                                      Saleh Basir                       Saleh Basir                                   Member
      Dewan Pengawas Syariah :                                                                                  Sharia Supervisory Board :
      Ketua                                   Muhammad Maksum                       Jafril Khalil                                 Chairman
      Anggota                                    Siti Hannah                    Muhammad Maksum                                    Member

      * Merangkap sebagai komisaris independen                                   *   Currently as independent commissioner
     ** Menunggu hasil uji kemampuan dan kepatutan OJK                           ** Waiting for the results of the OJK fit and proper test
     *** Telah Lulus uji kemampuan dan kepatutan OJK 23 Juni                     *** Passed fit and proper test OJK on June, 23 2023
          2023

                                                                        8
Page 496
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

       Manajemen kunci Perseroan terdiri dari                    The Company’s key management personnel
       Dewan Komisaris dan Direksi.                              consist of the Boards of Commissioners and
                                                                 Directors.

       Jumlah kompensasi yang berupa imbalan                     The total compensation in the form of short-
       kerja jangka pendek dan panjang untuk                     term and long-term employee benefits
       Dewan Komisaris dan Direksi sebagai                       received by the Board of Commissioners and
       personil manajemen kunci Perseroan adalah                 the Board of Directors as the Company’s key
       sebagai berikut:                                          management personnel are as follows:

                                               2023               2022
                                                Rp                 Rp
       Dewan Komisaris :                                                                    Board of Commissioners :
       Imbalan kerja jangka pendek              9,071,347           9,401,743                     Short-term benefits
       Imbalan kerja jangka panjang               572,218             987,197                     Long-term benefits
       Sub jumlah                               9,643,565          10,388,940                               Sub total
       Direksi :                                                                                Board of Directors :
       Imbalan kerja jangka pendek             38,057,784          35,012,304                    Short-term benefits
       Imbalan kerja jangka panjang             2,184,217           2,098,391                     Long-term benefits
       Sub jumlah                              40,242,001          37,110,695                              Sub total
       Jumlah                                  49,885,566          47,499,635                                  Total



       Total karyawan Perseroan pada tanggal                     The Company had total number of employees
       31 Desember 2023 dan 2022 masing-                         as of December 31, 2023 and 2022 is 357 and
       masing adalah 357 dan 355 orang (tidak                    355, respectively (unaudited).
       diaudit).

1.c.   Penawaran umum saham                                 1.c. Public offering of shares
       Saham Perseroan ditawarkan perdana                        The Company’s shares of stock were initially
       kepada masyarakat dan dicatatkan di Bursa                 offered to the public and listed on the
       Efek Indonesia pada tanggal 28 Mei 2018.                  Indonesia Stock Exchange on May 28, 2018.
       Penawaran perdana saham Perseroan                         The Company’s initial public offering of
       tersebut sejumlah 177.777.800 saham                       177,777,800 shares with a par value of Rp100
       dengan nilai nominal Rp100 per saham dan                  per share and offering price of Rp3,850 per
       harga saham perdana Rp3.850 per saham,                    share, was approved for listing on
       telah dinyatakan efektif untuk dicatatkan                 May 17, 2018 by the Financial Services
       pada tanggal 17 Mei 2018 oleh Otoritas Jasa               Authority (OJK) in its letter No. S-
       Keuangan      (OJK)    dengan      suratnya               50/D.04/2018.
       No. S-50/D.04/2018.

1.d. Struktur perseroan dan entitas anak                    1.d. Corporate structure and subsidiaries
     Laporan keuangan konsolidasian mencakup                     The consolidated financial statements include
     akun-akun Perseroan dan Entitas Anak                        the accounts of the Company and subsidiaries
     (selanjutnya  disebut    “Grup”),    dimana                 (here in after collectively referred to as “the
     Perseroan memiliki, baik secara langsung                    Group”), where the Company has direct or
     maupun tidak langsung, lebih dari 50%                       indirect ownership interests of more than 50%
     saham pada entitas anak, yang terdiri dari:                 in the voting shares of the subsidiaries,
                                                                 consisting of:




                                                      9
Page 497
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)

                                               Tahun
                                             beroperasi
                                               secara
                                             komersial/
                                          Commencement                                                         Persentase kepemilikan/     Jumlah aset sebelum eliminasi/
                                           of commercial      Domisili/            Jenis usaha/                Percentage of ownership     Total assets before elimination
             Entitas anak/Subsidiaries        operation       Domicile          Nature of business               2023          2022            2023                 2022

       PT Tugu Pratama lnterindo            29 April 1994/     Jakarta  Investasi saham/                        99.99%        99.99%          3,992,978,986    3,914,076,193
         (TPlnt)                           April 29, 1994               Investment in shares of stock
       PT Pratama Mitra Sejati (PMS)*)    15 Januari 1990/     Jakarta  Real estate, persewaan,                 99.99%        99.99%          2,475,050,589    2,233,741,431
                                          January 15, 1990              pengembangan dan jasa servis
                                                                        real estate, perdagangan/
                                                                        Real estate, rental, real estate
                                                                        and services development,
                                                                        trading
       TRB (London) Limited (TRB)*)      16 Februari 1987/     London   Broker dan konsultan reasuransi/        100.00%      100.00%               692,537           750,207
                                         February 16, 1987              Brokerage and reinsurance
                                                                        consultancy
       Tugu Insurance Company            15 Desember 1965/    Hong Kong Asuransi kerugian/                      100.00%      100.00%         2,546,789,784     2,604,916,346
         Limited (TIC)**)                December 15, 1965              General insurance
       PT Synergy Risk Management         23 Januari 1995/     Jakarta  Manajemen risiko, surveyor dan          99.90%        99.90%             62,352,335       56,277,980
         Consultants*)                    January 23, 1995              penilai/
                                                                        Risk management, surveyor
                                                                        and valuation
       PT Tugu Reasuransi Indonesia         2 April 1987/      Jakarta  Reasuransi/ Reinsurance                 50.74%        50.74%          5,901,020,745    5,208,481,687
        (TRI)*)                             April 2, 1987
       YHT & Company Limited,            23 Desember 1986/    Guernsey    Broker dan konsultan reasuransi/      99.86%        99.86%                      --                 --
        Guernsey (YHT)                   December 23, 1986                Brokerage and reinsurance
                                                                          consultancy
       Reksa dana GAP                       20 April 2015/     Jakarta    Investasi reksadana/                  100.00%      100.00%             55,077,828       54,812,090
        Dana Kombinasi***)                  April 20, 2015                Investment in mutual fund
       Reksa dana Terproteksi            30 September 2013/    Jakarta    Investasi reksadana/                  100.00%      100.00%             90,184,540       89,923,160
        Insight Terproteksi 2***)        September 30, 2013               Investment in mutual fund
       Reksa dana Trimegah Dana              7 April 2020/     Jakarta    Investasi reksadana/                  100.00%      100.00%                      --     105,916,326
        Obligasi Nusantara                  April 7, 2020                 Investment in mutual fund
       Reksa dana Pendapatan Tetap          15 April 2020/     Jakarta    Investasi reksadana/                  100.00%      100.00%                      --     179,605,347
        BNI-AM Prioritas Optima             April 15, 2020                Investment in mutual fund
       Reksa dana Bahana Pratama          20 Januari 2021/     Jakarta    Investasi reksadana/                  100.00%      100.00%                      --      56,550,687
        Pendapatan Tetap                  January 20, 2021                Investment in mutual fund



       *)         Pemilikan tidak langsung melalui entitas anak, TPInt                            *)         Indirect ownership through subsidiary, TPInt
       **)        Pemilikan tidak langsung melalui entitas anak, TPInt,                           **)        Indirect ownership through subsidiary,TPInt and direct
                  sebesar 72,5% dan pemilikan langsung sebesar 27,5%                                         ownership of 27,5%
       ***)       Pemilikan tidak langsung melalui entitas anak, TRI                              ***)       Indirect ownership through subsidiary, TRI


       Sesuai dengan Surat Keputusan Direktur                                                     According to decision letter of Finance
       Keuangan Pertamina No. 330/H0000/2000                                                      Director of Pertamina No. 330/H0000/2000
       tanggal 7 Juli 2000 kepada Perseroan, TRB                                                  dated July 7, 2000 to the Company, TRB was
       tidak lagi melakukan aktivitas normal usaha.                                               no longer doing normal business activities.

1.e.   Penyusunan dan penyelesaian laporan                                               1.e. Preparation and completion of the
       keuangan konsolidasian                                                                 consolidated financial statements
       Laporan keuangan konsolidasian Grup                                                    The consolidated financial statements of the
       disusun dan diotorisasi untuk diterbitkan oleh                                         Group were prepared and authorized for
       Direksi pada tanggal 22 Maret 2024.                                                    issuance by the Directors on March 22, 2024.


2.     Ikhtisar Kebijakan Akuntansi Material                                                 2. Summary Of Material Accounting Policies

2.a.   Pernyataan      kepatuhan    dan    dasar                                         2.a. Statement of compliance and basis for
       penyusunan         laporan      keuangan                                               preparation of the consolidated financial
       konsolidasian                                                                          statements
       Laporan keuangan konsolidasian telah                                                   The consolidated financial statements have
       disusun dan disajikan sesuai dengan                                                    been prepared and presented in accordance
       Standar Akuntansi Keuangan di Indonesia                                                with   Indonesian      Financial   Accounting
       (“SAK”), yang      mencakup Pernyataan                                                 Standards (“IFAS”), which comprise the
       Standar Akuntansi Keuangan (”PSAK”) dan                                                Statements of Financial Accounting Standards
       Interpretasi Standar Akuntansi Keuangan                                                (“SFAS”) and Interpretations to Financial
       (”ISAK”) yang dikeluarkan oleh Dewan                                                   Accounting Standards (“IFAS”) issued by the
       Standar Akuntansi Keuangan Ikatan Akuntan                                              Financial Accounting Standards Board of the
       Indonesia, serta Peraturan No. VIII.G.7                                                Indonesian Institute of Accountants, and Rule
                                                                                   10
Page 498
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

     Lampiran Keputusan Ketua BAPEPAM-LK                         No. VIII.G.7 Attachment of Chairman of
     No. KEP-347/BL/2012 tanggal 25 Juni 2012                    BAPEPAM-LK’s        sDecision    No.      KEP-
     yang terdapat di dalam Peraturan dan                        347/BL/2012 dated June 25, 2012 on the
     Pedoman Penyajian dan Pengungkapan                          Regulations and the Guidelines on Financial
     Laporan Keuangan yang diterbitkan oleh                      Statement Presentation and Disclosures
     Badan Pengawas Pasar Modal dan                              issued by Capital Market and Financial
     Lembaga Keuangan (“BAPEPAM-LK”), yang                       Institution Supervisory Agency (“BAPEPAM-
     fungsinya dialihkan kepada Otoritas Jasa                    LK”), which function has been transferred to
     Keuangan       (“OJK”)   sejak    tanggal                   Financial Service Authority (“OJK”) starting on
     1 Januari 2013.                                             January 1, 2013.

     Laporan keuangan konsolidasian disusun                      The consolidated financial statements have
     berdasarkan harga perolehan, kecuali untuk                  been prepared under the historical cost
     beberapa akun tertentu yang disajikan                       convention except for certain accounts which
     berdasarkan penilaian lain seperti dijelaskan               are presented on the basis of other
     dalam kebijakan akuntansi masing-masing                     measurements, as stated in the respective
     akun yang bersangkutan. Laporan keuangan                    accounting policies of the relevant accounts.
     konsolidasian     disusun      berdasarkan                  The consolidated financial statements are
     akuntansi berbasis akrual, kecuali laporan                  prepared under the accrual basis of
     arus kas konsolidasian.                                     accounting, except for the consolidated
                                                                 statement of cash flows.

     Laporan arus kas konsolidasian disusun                      The consolidated statement of cash flows are
     menggunakan metode langsung dengan                          prepared using the direct method with cash
     mengelompokkan arus kas dalam aktivitas                     flows classified into operating, investing, and
     operasi, investasi, dan pendanaan.                          financing activities.

     Seluruh angka dalam laporan keuangan                        Figures in the consolidated financial
     konsolidasian ini, disajikan dalam ribuan                   statements are expressed in thousand Rupiah,
     Rupiah, kecuali dinyatakan lain.                            unless otherwise stated.

     Pos-pos dalam Penghasilan Komprehensif                      The items under Other Comprehensive
     Lain (“PKL”) disajikan terpisah antara akun-                Income (“OCI”) are presented separately
     akun yang akan direklasifikasikan ke laba                   between items to be reclassified to profit or
     rugi dan akun-akun yang tidak akan                          loss and items not to be reclassified to profit or
     direklasifikasikan ke laba rugi.                            loss.

     Kebijakan     akuntansi      signifikan   telah             The accounting policies were consistently
     diterapkan     secara       konsisten    dalam              applied in the preparation of the consolidated
     penyusunan            laporan         keuangan              financial statements to all years presented,
     konsolidasian terhadap seluruh tahun yang                   unless otherwise stated.
     disajikan, kecuali jika dinyatakan lain.

2.b. Prinsip konsolidasi                                    2.b. Principles of consolidation
     Laporan keuangan konsolidasian meliputi                     The consolidated financial statements include
     laporan keuangan Perseroan dan entitas                      the financial statements of the Company and
     anaknya seperti yang disebutkan pada                        its subsidiaries mentioned in Note 1c in which
     Catatan 1d yang dimiliki oleh Perseroan                     the Company has control.
     dengan kepemilikan kontrol.

     Seluruh transaksi, saldo dan keuntungan                     All intercompany transactions, balances and
     atau kerugian (termasuk keuntungan atau                     gains or losses (including unrealized gains or
     kerugian yang belum direalisasi) antar                      losses) between the entities in the Company
     entitas dalam Perseroan dieliminasi.                        are eliminated.

     Laporan keuangan konsolidasian disusun                      The consolidated financial statements are
     dengan menggunakan kebijakan akuntansi                      prepared using uniform accounting policies for
     yang sama untuk peristiwa dan transaksi                     transactions   and     events    in    similar
                                                       11
Page 499
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    sejenis dalam kondisi yang sama. Apabila                    circumstances. If the subsidiaries’ financial
    laporan      keuangan      entitas     anak                 statements use different accounting policies
    menggunakan kebijakan akuntansi yang                        different from those adopted in the
    berbeda dari kebijakan akuntansi yang                       consolidated financial statements, appropriate
    digunakan      dalam   laporan     keuangan                 adjustments are made to the subsidiaries’
    konsolidasian, maka dilakukan penyesuaian                   financial statements.
    yang diperlukan terhadap laporan keuangan
    entitas anak tersebut.

    Entitas Anak dikonsolidasikan secara penuh                  Subsidiaries are fully consolidated from the
    sejak tanggal akuisisi, yaitu tanggal                       date of acquisition, being the date on which the
    Perseroan memeroleh pengendalian, sampai                    Company obtained control, and continue to be
    dengan tanggal entitas induk kehilangan                     consolidated until the date such control
    pengendalian. Pengendalian dianggap ada                     ceases. Control is presumed to exist if the
    ketika Perseroan memiliki, secara langsung                  Company owns, directly or indirectly through a
    atau tidak langsung melalui entitas anak,                   subsidiary, more than half of the voting rights
    lebih dari setengah hak suara entitas.                      of an entity.

    Pengendalian diperoleh ketika Perseroan                     Control is achieved when the Company is
    terekspos, atau memiliki hak atas imbal hasil               exposed, or has rights, to variable returns from
    variabel     dari    keterlibatannya     dengan             its involvement with the investee and has the
    investee dan memiliki kemampuan untuk                       ability to affect those returns through its power
    mempengaruhi imbal hasil tersebut melalui                   over the investee. Specifically, the Company
    kekuasaannya        atas     investee. Secara               controls an investee if, and only if, the
    khusus, Perseroan mengendalikan investee                    Company has all of the following:
    jika, dan hanya jika, Perseroan memiliki
    seluruh hal berikut ini:
         i. kekuasaan atas investee, yaitu hak                     i.          power over the investee, which is
              yang ada saat ini yang memberi                                   existing rights that give the parent
              entitas induk kemampuan kini untuk                               current ability to direct the relevant
              mengarahkan aktivitas relevan dari                               activities of the investee;
              investee;
         ii. eksposur atau hak atas imbal hasil                    ii.         exposure, or rights, to variable returns
              variabel     dari      keterlibatannya                           from its involvement with the investee;
              dengan investee; dan                                             and
         iii. kemampuan untuk menggunakan                         iii.         the ability to use its power over the
              kekuasaannya atas investee untuk                                 investee to affect its returns.
              mempengaruhi jumlah imbal hasil.

    Umumnya, ada dugaan bahwa mayoritas                         Generally, there is a presumption that majority
    hak suara menghasilkan pengendalian.                        of voting rights results in control. To support
    Untuk mendukung anggapan ini dan bila                       this presumption and when the parent has less
    entitas induk memiliki kurang dari mayoritas                than a majority of the voting or similar rights of
    hak suara atau hak serupa dari investee,                    an investee, the parent considers all relevant
    entitas induk mempertimbangkan semua                        facts and circumstances in assessing whether
    fakta dan keadaan yang relevan dalam                        it has power over an investee, including:
    menilai apakah entitas induk memiliki kuasa
    atas investee, termasuk:
         i. pengaturan kontraktual dengan                                i.    the contractual arrangement with the
              pemilik hak suara lainnya dari                                   other vote holders of the investee;
              investee;
         ii. hak yang timbul atas pengaturan                             ii.  rights arising from other contractual
              kontraktual lain; dan                                           arrangements;, and
         iii. hak suara dan hak suara potensial                          iii. the parent's voting rights and potential
              yang dimiliki entitas induk.                                    voting rights.



                                                       12
Page 500
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

       Dalam hal pengendalian terhadap entitas                  Where a subsidiary, if any, either began or
       anak dimulai atau diakhiri dalam suatu                   ceased to be controlled during the period, the
       periode berjalan, maka hasil usaha entitas               result of operations of that subsidiary is
       anak yang diperhitungkan ke dalam laporan                included in the consolidated financial
       keuangan konsolidasian hanya sebatas hasil               statements only from the date that the control
       pada saat pengendalian tersebut mulai                    has commenced or up to the date that the
       diperoleh atau hingga saat pengendalian itu              control has ceased.
       berakhir.

       Seluruh laba rugi dan setiap komponen                    Profit or loss and each component of other
       penghasilan komprehensif lain diatribusikan              comprehensive income are attributed to the
       kepada pemilik entitas induk dan pada                    equity holders of the parent of the Company
       kepentingan      nonpengendali     (“KNP”),              and to the non-controlling interests (“NCI”),
       walaupun hal ini akan menyebabkan saldo                  even if this results in the NCI having a deficit
       KNP yang defisit.                                        balance.

       Perubahan dalam bagian kepemilikan entitas               A change in the parent’s ownership interest in
       induk pada entitas anak yang tidak                       a subsidiary, without a loss of control, is
       mengakibatkan hilangnya pengendalian,                    accounted as an equity transaction. If the
       dicatat sebagai transaksi ekuitas. Bila                  Company loses control over a subsidiary, it
       kehilangan pengendalian atas suatu entitas               derecognizes the related assets (including
       anak, maka Perseroan menghentikan                        goodwill),   liabilities, NCI     and      other
       pengakuan atas aset (termasuk goodwill),                 components of equity, while the difference is
       liabilitas, serta KNP dan komponen lain dari             recognized in the profit or loss. Any
       ekuitas terkait, dan selisihnya diakui pada              investment retained is recognized at fair value.
       laba rugi. Bagian dari investasi yang tersisa
       diakui pada nilai wajar.

       Investasi pada reksadana                                 Investments in mutual funds
       Grup mempunyai investasi di entitas                      The Group has invested in a number of special
       bertujuan      khusus   yaitu   reksadana.               purpose entities such as mutual funds. The
       Kepemilikan Grup dapat berfluktuasi dari                 Group’s percentage of ownership may fluctuate
       hari ke hari sesuai dengan partisipasi Grup              from day to day according to the Group’s
       di entitas tersebut.                                     participation in the mutual funds.

       Grup mengonsolidasikan reksadana di                      The Group consolidates mutual fundswhich the
       mana Grup memiliki unit penyertaan lebih                 group owns more than 50% of total fund units
       dari 50% dari unit penyertaan yang                       issued and has direct or indirect control over
       diterbitkan serta mempunyai pengendalian                 the respective mutual funds.
       secara langsung atau tidak langsung
       terhadap reksadana tersebut.

       Pada tanggal pelaporan, Grup menyajikan                  As of the reporting date, the Group presents
       reksadana      yang        dikonsolidasikan              the consolidated mutual funds based on the
       berdasarkan   underlying      assets   atas              mutual funds’ underlying assets directly held
       reksadana yang dimiliki Grup.                            by the Group.

2.c.   Kombinasi bisnis                                     2.c. Business combination
       Kombinasi       bisnis    dicatat    dengan               Business combinations are accounted for
       menggunakan metode akuisisi. Biaya                        using the acquisition method. The cost of an
       perolehan dari sebuah akuisisi diukur pada                acquisition is measured as the aggregate of
       nilai agregat imbalan yang dialihkan, diukur              the consideration transferred, measured at
       pada nilai wajar pada tanggal akuisisi dan                acquisition date fair value and the amount of
       jumlah setiap KNP pada pihak yang                         any NCI in the acquiree. For each business
       diakuisisi. Untuk setiap kombinasi bisnis,                combination, the acquirer measures the NCI in
       pihak pengakuisisi mengukur KNP pada                      the acquiree either at fair value or at the
       entitas yang diakuisisi baik pada nilai wajar             proportionate share of the acquiree’s
       ataupun pada proporsi kepemilikan KNP                     identifiable net assets. Acquisition costs
                                                       13
Page 501
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    atas aset neto yang teridentifikasi dari                  incurred are directly expensed and included in
    entitas yang diakuisisi. Biaya-biaya akuisisi             administrative expenses.
    yang timbul dibebankan langsung dan
    disertakan dalam beban-beban administrasi.

    Ketika melakukan akuisisi atas sebuah                     When the Group acquires a business, it
    bisnis,   Grup    mengklasifikasikan dan                  classifies and determines the financial assets
    menentukan aset keuangan yang diperoleh                   acquired and liabilities assumed based on the
    dan liabilitas keuangan yang diambil alih                 contractual terms, economic circumstances,
    berdasarkan pada persyaratan kontraktual,                 and pertinent conditions as at the acquisition
    kondisi ekonomi, dan kondisi terkait lain                 date.
    yang ada pada tanggal akuisisi.

    Dalam suatu kombinasi bisnis yang                         In the business combination which is achieved
    dilakukan     secara      bertahap,   pihak               in stages, the acquirer remeasures the
    pengakuisisi mengukur kembali kepentingan                 previously held equity interest at the
    ekuitas yang dimiliki sebelumnya pada pihak               acquisition date fair value and recognizes gain
    yang diakuisisi pada nilai wajar tanggal                  or loss which is generated in consolidated
    akuisisi dan mengakui keuntungan atau                     statements of profit or loss and other
    kerugian yang dihasilkan dalam laporan laba               comprehensive income.
    rugi dan penghasilan komprehensif lain
    konsolidasian.

    Pada tanggal akuisisi, goodwill awalnya                   At acquisition date, goodwill is initially
    diukur pada harga perolehan yang                          measured at cost that is being the excess of
    merupakan selisih lebih nilai agregat dari                the aggregate of the consideration transferred
    imbalan yang dialihkan dan jumlah setiap                  and the amount recognized for NCI over the
    KNP atas selisih jumlah dari aset                         net identifiable assets acquired and liabilities
    teridentifikasi yang diperoleh dan liabilitas             assumed. If this consideration is lower than
    yang diambil alih. Jika imbalan tersebut                  the fair value of the net assets of the
    kurang dari nilai wajar aset neto entitas anak            subsidiary acquired, the difference is
    yang diakuisisi, selisih tersebut diakui dalam            recognized in the consolidated statements of
    laporan      laba  rugi dan        penghasilan            profit or loss and other comprehensive income
    komprehensif lain konsolidasian sebagai                   as gain on bargain purchase after previously
    keuntungan dari pembelian dengan diskon                   assessing the identification and fair value
    setelah sebelumnya manajemen menilai                      measurement of the acquired assets and the
    kembali identifikasi dan nilai wajar dari aset            assumed liabilities.
    yang diperoleh dan liabilitas yang diambil
    alih.

    Setelah pengakuan awal, goodwill diukur                   After initial recognition, goodwill is measured
    pada jumlah tercatat dikurangi akumulasi                  at cost less any accumulated impairment
    kerugian penurunan nilai. Untuk tujuan uji                losses. For the purpose of impairment testing,
    penurunan nilai, goodwill yang diperoleh dari             goodwill which is acquired in a business
    suatu kombinasi bisnis, sejak tanggal                     combination, from the acquisition date,
    akuisisi dialokasikan kepada setiap Unit                  allocated to each of the Group’s Cash-
    Penghasil Kas (“UPK”) dari Grup yang                      Generating Units (“CGU”) that are expected to
    diharapkan akan bermanfaat dari sinergi                   benefit from the combination, irrespective of
    kombinasi tersebut, terlepas dari apakah                  whether other assets or liabilities of the
    aset atau liabilitas lain dari pihak yang                 acquiree are assigned to those CGUs.
    diakuisisi ditetapkan atas UPK tersebut.

    Jika goodwill telah dialokasikan pada suatu               Where goodwill forms part of a CGU and part
    UPK dan operasi tertentu atas UPK tersebut                of the operation within that CGU is disposed
    dihentikan,     maka       goodwill    yang               of, the goodwill associated with the operation
    diasosiasikan     dengan     operasi   yang               disposed of is included in the carrying amount
    dihentikan tersebut termasuk dalam jumlah                 of the operation when determining the gain or
    tercatat operasi tersebut ketika menentukan               loss on disposal of the operation. Goodwill
                                                     14
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                             unless otherwise stated)

       keuntungan atau kerugian dari pelepasan.                    disposed of in this circumstance is measured
       Goodwill yang dilepaskan tersebut diukur                    based on the relative values of the operation
       berdasarkan nilai relatif operasi yang                      disposed of and the portion of the CGU
       dihentikan dan porsi UPK yang ditahan.                      retained.

2.d. Pernyataan dan Interpretasi Standar                      2.d. New and Revised Statements and
     Akuntansi Baru dan Revisi yang Berlaku                        Interpretation of Financial Accounting
     Efektif pada Tahun Berjalan                                   Standards Effective in the Current Year
     Berikut amendemen dan penyesuaian atas                        The      following   are    amendment      and
     standar yang berlaku efektif untuk periode                    improvements to standards which effective for
     yang dimulai pada atau setelah 1 Januari                      periods beginning on or after January 1, 2023,
     2023, dengan penerapan dini diperkenankan                     with early adoption is permitted, are as
     yaitu:                                                        follows:
     - Amendemen PSAK 1: Penyajian Laporan                          - Amendments PSAK 1: Presentation of
        Keuangan       tentang       Pengungkapan                      Financial Statements regarding Disclosure
        Kebijakan Akuntansi;                                           of Accounting Policies;
     - Amendemen PSAK 16: Aset Tetap                                - Amendment PSAK 16: Property, Plant and
        tentang Hasil Sebelum Penggunaan yang                          Equipment regarding      Proceeds before
        Diintensikan;                                                  Intended Use;
     - Amendemen        PSAK       25:   Kebijakan                  - Amendments PSAK 25: Accounting
        Akuntansi,       Perubahan         Estimasi                    Policies, Changes in Accounting Estimates
        Akuntansi, dan Kesalahan tentang                               and Errors regarding Definition of
        Definisi Estimasi Akuntansi;                                   Accounting Estimates;
     - Amendemen         PSAK       46:       Pajak                 - Amendments PSAK 46: Income Tax
        Penghasilan tentang Pajak Tangguhan                            regarding Deferred Tax related to Assets
        terkait Aset dan Liabilitas yang timbul dari                   and Liabilities arising from a Single
        Transaksi Tunggal; dan                                         Transaction; and
     - Revisi PSAK 107: Akuntansi Ijarah.                           - Revised PSAK 107: Accounting for Ijara.

       Implementasi standar-standar tersebut tidak                 The implementation of the above standards
       memiliki dampak yang signifikan terhadap                    had no significant effect on the amounts
       jumlah yang dilaporkan di periode berjalan                  reported for the current period or prior financial
       atau tahun sebelumnya.                                      year.

2.e.   Penjabaran mata uang asing                             2.e. Foreign currency translation
       Mata uang pelaporan                                         Reporting currency
       Laporan keuangan konsolidasian disajikan                    The consolidated financial statements are
       dalam Rupiah.                                               presented in Indonesian Rupiah.

       Transaksi dan saldo                                         Transactions and balances
       Transaksi dalam mata uang lain dijabarkan                   Other currencies transactions are translated
       ke dalam mata uang Rupiah dengan                            into Indonesian Rupiah using the exchange
       menggunakan kurs yang berlaku pada                          rates prevailing at the dates of the
       tanggal       transaksi     atau     penilaian.             transactions or valuation where items are
       Keuntungan atau kerugian dari selisih kurs                  remeasured. Exchange gains or losses
       yang timbul dari penyelesaian transaksi                     resulting from the settlement of such
       dalam mata uang lain dan dari penjabaran                    transactions in other currencies and from the
       aset dan liabilitas moneter dalam mata uang                 translation of monetary assets and liabilities
       lain diakui di dalam laba rugi konsolidasian.               denominated in other currencies are
                                                                   recognized in consolidated profit or loss.

       Untuk tujuan penyajian laporan keuangan                     For consolidation purposes, assets and
       konsolidasian, aset dan liabilitas entitas anak             liabilities of subsidiaries who’s reported not
       yang tidak disajikan dalam Rupiah pada                      using Rupiah at reporting date are translated
       tanggal pelaporan dijabarkan menjadi                        into Rupiah using the exchange rates
       Rupiah dengan menggunakan kurs yang                         prevailing at that date, while revenues and
       berlaku pada tanggal tersebut, sedangkan                    expenses are translated at the average
       pendapatan dan beban dijabarkan dengan                      exchange rates for the year. The resulting
                                                         15
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

       menggunakan kurs rata-rata untuk tahun                        translation adjustments are shown as part of
       yang bersangkutan. Selisih kurs yang terjadi                  equity under the "Translation Adjustments"
       disajikan sebagai bagian dari ekuitas pada                    account. The exchange rate used are the
       akun “Selisih Kurs Penjabaran Laporan                         Bank Indonesia middle rates.
       Keuangan”. Kurs nilai tukar yang digunakan
       adalah kurs tengah Bank Indonesia.

                                                 2023                  2022
                                                  Rp                    Rp
       1 Dolar Amerika Serikat (USD)                    15,416                15,731            1 United Stated Dollar (USD)
       1 Dolar Hong Kong (HKD)                           1,973                 2,019              1 Hong Kong Dollar (HKD)
       1 Poundsterling Inggris (GBP)                    19,760                18,926           1 Great British Pounds (GBP)
       100 Yen Jepang (JPY)                             10,955                11,757                   100 Japan Yen (JPY)
       1 Euro (EUR)                                     17,140                16,713                            1 Euro (EUR)
       1 Chinese Yuan (CNY)                              2,170                 2,257                  1 Chinese Yuan (CNY)
       1 Korean Won (KRW)                                   12                    12                   1 Korean Won (KRW)
       1 Singapore Dollar (SGD)                         11,712                11,659               1 Singapore Dollar (SGD)
       1 Indian Rupee (INR)                                185                   188                    1 Indian Rupee (INR)


2.f.   Instrumen keuangan                                        2.f. Financial instruments
       I.   Aset keuangan                                               I. Financial assets
            Grup       mengklasifikasikan     aset                         The Group classifies its financial assets in
            keuangannya dalam kategori aset                                the following categories of financial
            keuangan yang diukur pada nilai wajar                          assets at fair value through profit or loss,
            melalui laba rugi, pinjaman yang                               loans and receivables, held-to-maturity
            diberikan dan piutang, aset keuangan                           financial assets, and available-for-sale
            yang dimiliki hingga jatuh tempo, dan                          financial assets. The classification
            aset keuangan tersedia untuk dijual.                           depends on the purpose for which the
            Klasifikasi ini tergantung dari tujuan                         financial     assets     were     acquired.
            perolehan aset keuangan tersebut.                              Management           determines          the
            Manajemen menentukan klasifikasi                               classification of its financial assets at
            aset keuangan tersebut pada saat awal                          initial recognition.
            pengakuannya.

            Aset keuangan diakui apabila Grup                             Financial assets are recognized when the
            memiliki   hak      kontraktual   untuk                       Group has a contractual right to receive
            menerima kas atau aset keuangan                               cash or other financial assets from other
            lainnya dari entitas lain. Seluruh                            entities. All purchases or sales of financial
            pembelian     atau    penjualan    aset                       assets in regular way are recognized
            keuangan secara reguler diakui dengan                         using trade date accounting. Trade date
            menggunakan        akuntansi    tanggal                       is the date when the Group has a
            transaksi yaitu tanggal di mana Grup                          commitment to purchase or sell a
            berketetapan untuk membeli atau                               financial asset.
            menjual suatu aset keuangan.

            Aset keuangan yang diukur pada nilai                          Financial assets at fair value through
            wajar melalui laba rugi                                       profit or loss
            Aset keuangan diklasifikasikan dalam                          A financial asset is classified as fair value
            kelompok nilai wajar melalui laba rugi                        through profit or loss if it is acquired or
            jika diperoleh atau dimiliki terutama                         incurred principally for the purpose of
            untuk tujuan dijual atau dibeli kembali                       selling or repurchasing it in the near term
            dalam waktu dekat atau jika merupakan                         or if it is part of a portfolio of identified
            bagian     dari    portofolio   instrumen                     financial instruments that are managed
            keuangan tertentu yang dikelola                               together and for which there is evidence
            bersama dan terdapat bukti mengenai                           of a recent actual pattern of short-term
            pola ambil untung dalam jangka pendek                         profit taking.
            (short-term profit taking) yang terkini.
                                                         16
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

        Instrumen        keuangan         yang                   Financial instruments included in this
        dikelompokkan ke dalam kategori ini                      category are recognized initially at fair
        diakui pada nilai wajarnya pada saat                     value; transaction costs (if any) are taken
        pengakuan awal; biaya transaksi (jika                    directly to the consolidated profit or loss.
        ada) diakui secara langsung ke dalam                     Gains or losses arising from changes in
        laba rugi konsolidasian. Keuntungan                      fair value and sales of these financial
        atau kerugian yang timbul dari                           instruments are included directly in the
        perubahan nilai wajar dan penjualan                      account “Investment Income” in the
        instrumen keuangan ini diakui di dalam                   consolidated profit or loss and are
        akun “Pendapatan Investasi” dalam                        reported respectively as Unrealized
        laba rugi konsolidasian dan dicatat                      gain/(loss) on changes in fair value of
        masing-masing sebagai Keuntungan/                        marketable securities and “Gains/(losses)
        (kerugian) yang belum direalisasi dari                   on disposal of investments”.
        perubahan nilai wajar efek dan
        “Keuntungan/(kerugian)      pelepasan
        investasi”.

        Pendapatan bunga dari aset keuangan                      Interest income on financial instruments
        dalam klasifikasi ini diakui di laba rugi                in this category are recognized in the
        konsolidasian sebagai “Pendapatan                        consolidated profit or loss as “Investment
        investasi”. Pendapatan investasi diakui                  income”.      Investment     income     is
        dengan            basis           akrual.                recognized on accrual basis. Foreign
        Keuntungan/(kerugian) selisih kurs atas                  exchange gains/(losses) on investments
        investasi dilaporkan sebagai bagian                      are also reported as part of in investment
        dari pendapatan investasi.                               income.

        Aset keuangan tersedia untuk dijual                      Available-for-sale financial assets
        Aset keuangan dalam kelompok                             Available-for-sale financial assets are
        tersedia untuk dijual adalah aset                        non-derivative financial assets that are
        keuangan non-derivatif yang ditetapkan                   intended to be held for an indefinite
        untuk dimiliki untuk jangka waktu yang                   period of time, which may be sold in
        tidak dibatasi dimana akan dijual dalam                  response to the need for liquidity or in
        rangka pemenuhan likuiditas atau                         response to changes in interest rates,
        perubahan suku bunga, valuta asing,                      foreign exchange rates, or those that are
        atau yang tidak diklasifikasikan sebagai                 not classified as loans and receivables,
        pinjaman yang diberikan atau piutang,                    held-to-maturity financial assets or
        dimiliki hingga jatuh tempo atau aset                    financial assets at fair value through profit
        keuangan yang diukur pada nilai wajar                    or loss.
        melalui laba rugi.

        Pada saat pengakuan awalnya, aset                        Available-for-sale financial assets are
        keuangan tersedia untuk dijual diakui                    initially recognized at fair value, plus
        pada nilai wajarnya ditambah biaya                       transaction    costs,     and     measured
        transaksi dan selanjutnya diukur pada                    subsequently at fair value with gains and
        nilai wajarnya di mana keuntungan atau                   losses being recognized in other
        kerugian diakui pada penghasilan                         comprehensive income (as part of equity),
        komprehensif lain (yang merupakan                        except for impairment losses and foreign
        bagian dari ekuitas), kecuali untuk                      exchange gains and losses, until the
        kerugian     penurunan      nilai    dan                 financial assets is derecognized. If an
        keuntungan kerugian selisih kurs,                        available-for-sale financial asset is
        hingga aset keuangan dihentikan                          determined     to    be     impaired,  the
        pengakuannya. Jika aset keuangan                         cumulative gain or loss previously
        tersedia    untuk dijual mengalami                       recognized in equity is recognized in the
        penurunan nilai, akumulasi laba atau                     consolidated profit or loss.
        rugi yang sebelumnya diakui di ekuitas,
        diakui pada laba rugi konsolidasian.

                                                    17
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

        Pendapatan          bunga       dihitung                 Interest income is calculated using the
        menggunakan metode suku bunga                            effective interest method and foreign
        efektif dan keuntungan atau kerugian                     exchange gains or losses of available-for-
        yang timbul dari investasi tersedia                      sale investments are recognized in the
        untuk dijual akibat perubahan nilai tukar                consolidated profit or loss.
        diakui pada laba rugi konsolidasian.

        Pinjaman yang diberikan dan piutang                      Loans and receivables
        Pinjaman yang diberikan dan piutang                      Loans and receivables are non-derivative
        adalah aset keuangan non-derivatif                       financial assets with fixed or determinable
        dengan pembayaran tetap atau telah                       payments that are not quoted in an active
        ditentukan dan tidak mempunyai                           market, other than:
        kuotasi di pasar aktif, kecuali:
        - yang dimaksudkan oleh Grup untuk                       - those that the Group intends to sell
          dijual dalam waktu dekat, yang                           immediately or in the short term, which
          diklasifikasikan    dalam      kelompok                  are classified as held for trading, and
          diperdagangkan, serta yang pada                          those that the entity upon initial
          saat pengakuan awal ditetapkan                           recognition designates as at fair value
          sebagai diukur pada nilai wajar                          through profit or loss;
          melalui laba rugi;
        - yang pada saat pengakuan awal                          - those that upon initial recognition
          ditetapkan dalam kelompok tersedia                       designates as available-for-sale; and
          untuk dijual; dan
        - dalam hal Grup mungkin tidak akan                      - those for which the Group may not
          memperoleh kembali investasi awal                        recover substantially all of its initial
          secara substansial kecuali yang                          investment, other than the deterioration
          disebabkan oleh penurunan kualitas                       of loans and receivables.
          pinjaman yang diberikan dan piutang.

        Pada saat pengakuan awal, pinjaman                       Loans and receivables are initially
        yang diberikan dan piutang diakui pada                   recognized at fair value plus transaction
        nilai wajarnya ditambah biaya transaksi                  costs (if any) and subsequently measured
        (jika ada) dan selanjutnya diukur pada                   at amortized cost using the effective
        biaya perolehan diamortisasi dengan                      interest rate method. Interest income on
        menggunakan metode suku bunga                            financial assets classified as loans and
        efektif. Pendapatan bunga dari aset                      receivables (time deposits) is included in
        keuangan yang diklasifikasi sebagai                      the investment income.
        pinjaman yang diberikan dan piutang
        (deposito berjangka) dicatat di dalam
        pendapatan investasi.

        Pengakuan                                                Recognition
        Grup menggunakan akuntansi tanggal                       The Group uses trade date accounting for
        perdagangan untuk kontrak reguler                        regular way contracts when recording
        ketika  mencatat  transaksi   aset                       financial assets transactions.
        keuangan.

        Penurunan nilai dari aset keuangan                       Impairment of financial assets
        Pada     setiap    tanggal    pelaporan                  The Group assesses at each reporting
        keuangan, Grup mengevaluasi apakah                       date whether there is objective evidence
        terdapat bukti yang objektif bahwa aset                  that a financial asset or group of financial
        keuangan      atau     kelompok      aset                assets is impaired. A financial assets or a
        keuangan mengalami penurunan nilai.                      group of financial assets is impaired and
        Aset keuangan atau kelompok aset                         impairment losses are incurred if and only
        keuangan diturunkan nilainya dan                         if there is objective evidence of
        kerugian penurunan nilai telah terjadi,                  impairment as a result of one or more
        jika dan hanya jika, terdapat bukti yang                 events that occurred after the initial

                                                    18
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

          objektif mengenai penurunan nilai                          recognition of the asset (a loss event) and
          tersebut sebagai akibat dari satu atau                     that loss event has an impact on the
          lebih peristiwa yang terjadi setelah                       estimated future cash flows of the
          pengakuan      awal    aset   tersebut                     financial asset or group of financial assets
          (peristiwa yang merugikan), dan                            that can be reliably estimated.
          peristiwa yang merugikan tersebut
          berdampak pada estimasi arus kas
          masa depan atas aset keuangan atau
          kelompok aset keuangan yang dapat
          diestimasi secara andal.

          Kesulitan keuangan yang dialami                            Significant financial difficulties of the
          debitur, kemungkinan debitur akan                          debtors, probability that the debtors will
          bangkrut,     atau    kegagalan     atau                   enter into bankruptcy and default, or
          penundaan pembayaran            angsuran                   delinquency in payments can be
          dapat dipertimbangkan sebagai indikasi                     considered as indicators that the
          adanya penurunan nilai atas piutang                        receivable is impaired. The Group first
          tersebut.     Grup      pertama      kali                  assesses whether objective evidence of
          menentukan apakah terdapat bukti                           impairment     exists    individually  for
          objektif   penurunan      nilai   secara                   receivables. Allowance for impairment
          individual atas piutang yang diberikan.                    losses on impaired receivable are
          Penyisihan kerugian penurunan nilai                        assessed individually.
          atas piutang yang diberikan yang
          mengalami penurunan nilai dihitung
          secara individual.

          Dalam hal terjadi penurunan nilai,                         In case of impairment, the impairment of
          kerugian penurunan nilai dilaporkan                        loss is reported as a deduction from the
          sebagai pengurang dari nilai tercatat                      carrying value of the financial assets
          dari aset keuangan dalam kelompok                          classified as loans and receivables and
          pinjaman yang diberikan dan piutang,                       recognized in the consolidated profit or
          dan diakui di dalam laba rugi                              loss as “Allowance for impairment
          konsolidasian sebagai “Penyisihan                          losses”.
          kerugian penurunan nilai”.

    II.   Liabilitas keuangan                                  II.   Financial liabilities
          Grup       mengklasifikasikan  liabilitas                  The Group classified its financial liabilities
          keuangan hanya dalam satu kategori,                        only in one category, which is financial
          yaitu liabilitas keuangan yang diukur                      liabilities measured at amortized cost, as
          dengan biaya perolehan diamortisasi,                       the Group does not have financial
          dikarenakan Grup tidak memiliki                            liabilities classified as fair value through
          liabilitas keuangan yang diukur pada                       profit or loss.
          nilai wajar melalui laba rugi.

          Liabilitas keuangan yang diukur dengan                     Financial liabilities at amortized cost
          biaya perolehan diamortisasi
          Pada saat pengakuan awal, liabilitas                       Financial liabilities at amortized cost are
          keuangan yang diukur dengan biaya                          initially recognized at fair value less
          perolehan diamortisasi diukur pada nilai                   transactions cost (if any).
          wajar dikurangi biaya transaksi (jika
          ada).

          Setelah    pengakuan     awal,  Grup                       After initial recognition, the Group
          mengukur seluruh liabilitas keuangan                       measures all financial liabilities at
          yang diukur dengan biaya perolehan                         amortized cost using effective interest
          diamortisasi dengan menggunakan                            rate method.
          metode suku bunga efektif.

                                                      19
Page 507
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)

    III.   Penghentian pengakuan                                                     III. Derecognition
           Penghentian pengakuan aset keuangan                                            Financial assets are derecognized when
           dilakukan ketika hak kontraktual atas                                          the contractual rights to receive the cash
           arus kas yang berasal dari aset                                                flows from these assets have ceased to
           keuangan tersebut berakhir, atau ketika                                        exist or the assets have been transferred
           aset keuangan tersebut telah ditransfer                                        and substantially all the risks and rewards
           dan secara substansial seluruh risiko                                          of ownership of the assets are also
           dan manfaat atas kepemilikan aset                                              transferred (if substantially all the risks
           tersebut telah ditransfer (jika secara                                         and rewards have not been transferred,
           substansial seluruh risiko dan manfaat                                         then the Group tests control to ensure
           tidak ditransfer, maka Grup melakukan                                          that continuing involvement on the basis
           evaluasi untuk memastikan keterlibatan                                         of any retained powers of control does
           berkelanjutan atas kendali yang masih                                          not prevent derecognition). Financial
           dimiliki tidak mencegah penghentian                                            liabilities are derecognized when they
           pengakuan).        Liabilitas   keuangan                                       have been redeemed or expired.
           dihentikan      pengakuannya       ketika
           liabilitas   telah     dilepaskan   atau
           dibatalkan atau kedaluwarsa.

    IV.    Klasifikasi instrumen keuangan                                            IV. Classification of financial instrument
           Grup mengklasifikasikan instrumen                                             The Group classifies the financial
           keuangan ke dalam klasifikasi tertentu                                        instruments into classes that reflect the
           yang mencerminkan sifat dari informasi                                        nature of information and take into
           dan mempertimbangkan karakteristik                                            account the characteristic of those
           dari instrumen keuangan tersebut.                                             financial instruments. The classification
           Klasifikasi ini dapat dilihat pada tabel                                      can be seen in the table below:
           berikut:
                       Kategori yang didefinisikan oleh                     Golongan (ditentukan
                            PSAK 55 (Revisi 2014)/                               oleh Grup)/
                           Category as defined by                           Class (as determined                          Sub-golongan/
                           PSAK 55 (Revised 2014)                              by the Group)                               Sub-classes
           Aset keuangan/    Aset keuangan yang                  Efek-efek/                                Saham/Shares
           Financial assets diukur pada nilai wajar              Marketable securities                     Obligasi/Bonds
                             melalui laba rugi/                                                            Reksadana/Mutual funds
                             Financial assets at
                             fair value through profit or loss
                             Aset keuangan yang                  Efek-efek/                                Saham/ Shares
                             tersedia untuk dijual/              Marketable securities                     Obligasi/ Bonds
                             Available-for-sale                                                            Reksadana/ Mutual funds
                             Financial assets                      Penyertaan langsung/ Direct participations
                                                                   Investasi pada entitas asosiasi/ Investment in associates
                              Pinjaman yang diberikan dan piutang/ Kas dan bank/ Cash on hand and in banks
                              Loans and receivables                Deposito berjangka/Time deposits
                                                                   Piutang premi dan sesi/ Premium and cession receivables
                                                                   Piutang koasuransi/ Coinsurance receivables
                                                                   Piutang reasuransi dan retrosesi/ Reinsurance and retrocession receivables
                                                                   Piutang lain-lain/ Other receivables
                                                                   Biaya dibayar di muka dan uang muka/ Prepaid expenses and advances
                                                                   Aset lain-lain/ Other assets                    Uang jaminan/ Refundable Deposits
           Liabilitas         Liabilitas keuangan yang             Utang reasuransi dan retrosesi/ Reinsurance and retrocession payables
           keuangan/          diukur dengan biaya                  Utang komisi/ Commissions payables
           Financial          perolehan diamortisasi/              Utang koasuransi/ Coinsurance payables
           liabilities        Financial liabilities at             Utang klaim/ Claims payables
                              amortized cost                       Utang lain-lain/ Other payables
                                                                   Pinjaman diterima/ Borrowings
                                                                   Utang pembiayaan konsumen dan sewa pembiayaan/ Consumer finance and leases payables
                                                                   Beban akrual/ Accrued expenses

    V.     Saling hapus instrumen keuangan                                           V.    Offsetting financial instruments
           Aset keuangan dan liabilitas keuangan                                           Financial assets and liabilities are offset
           saling hapus disajikan dalam laporan                                            and the net amount presented in the
           posisi keuangan konsolidasian jika                                              consolidation statement of financial
           memiliki hak yang berkekuatan hukum                                             position when there is a legally
                                                                       20
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

          untuk melakukan saling hapus buku                       enforceable right to offset the recognized
          atas jumlah yang telah diakui tersebut                  amounts     and     settle    the   liability
          dan berniat untuk menyelesaikan                         simultaneously.
          secara neto atau untuk merealisasikan
          aset dan menyelesaikan liabilitasnya
          secara simultan.

          Hak yang berkekuatan hukum berarti:                     This means that the right to set off:
          a. tidak terdapat kontinjensi di masa                   a. must not be contingent on future
             yang akan datang; dan                                     event; and
          b. yang berkekuatan hukum pada                          b. must be legally enforceable in all of
             kondisi-kondisi berikut ini:                              the following circumstances:
             i.   kegiatan bisnis normal;                              i.   the normal course of the
                                                                            business;
             ii.    kondisi kegagalan usaha; dan                       ii. the event of default; and
             iii.   kondisi gagal bayar atau                           iii. the event of insolvency or
                    bangkrut.                                               bankruptcy.

    VI.   Pengukuran nilai wajar                              VI. Fair value measurement
          Nilai wajar untuk instrumen keuangan                    The fair value of financial instruments
          yang diperdagangkan di pasar yang                       traded in active markets is determined
          aktif ditentukan berdasarkan kuotasi                    based on quoted market prices at the
          pasar aktif dari sumber yang handal                     consolidated statement of financial
          pada tanggal laporan posisi keuangan                    position date from credible sources. This
          konsolidasian. Kuotasi pasar aktif ini                  includes broker’s quoted price from IBPA,
          termasuk yang berasal dari harga                        Bloomberg, and Reuters.
          kuotasi broker dari IBPA, Bloomberg,
          dan Reuters.

          Instrumen keuangan dianggap memiliki                    A financial instrument is regarded as
          kuotasi pasar aktif, jika harga kuotasi                 quoted in an active market if quoted
          tersedia sewaktu-waktu dan dapat                        prices are readily and regularly available
          diperoleh secara rutin dari bursa,                      from an exchange, dealer, broker,
          pedagang efek (dealer), perantara efek                  industry group, pricing service or
          (broker), kelompok industri, badan                      regulatory agency, and those prices
          pengawas (pricing service or regulatory                 represent actual and regularly occurring
          agency),     dan      harga    tersebut                 market transactions on an arm’s length
          mencerminkan transaksi pasar yang                       basis.
          aktual dan rutin dalam suatu transaksi
          yang wajar.

          Jika kriteria di atas tidak terpenuhi,                  If the criterias above are not met, the
          maka pasar aktif dinyatakan tidak                       market is regarded as being inactive.
          tersedia. Indikasi-indikasi dari pasar                  Indications of inactive market are when
          tidak aktif adalah terdapat selisih yang                there is a wide bid-offer spread or
          besar antara harga penawaran dan                        significant increase in the bid-offer spread
          permintaan atau kenaikan signifikan                     or there are few recent transactions.
          dalam selisih harga penawaran dan
          permintaan atau hanya terdapat
          beberapa transaksi terkini.

          Untuk instrumen keuangan yang tidak                     For financial instruments with no quoted
          mempunyai kuotasi harga pasar,                          market price, a reasonable estimate of
          estimasi yang wajar ditetapkan dengan                   the fair value is determined by reference
          mengacu pada nilai pasar terkini                        to the current market value of another
          instrumen keuangan lain yang secara                     instrument which substantially have the
          substansi memiliki karakteristik yang                   same characteristic or calculated based
          sama atau dihitung berdasarkan                          on the expected cash flows discounted by
                                                     21
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

          ekspektasi arus kas yang didiskonto                        relevant market rates.
          dengan tingkat suku bunga pasar yang
          relevan.

          Grup menyajikan nilai wajar atas                           The Group presents the fair value of
          instrumen       keuangan     berdasarkan                   financial instruments based on the
          hierarki nilai wajar sebagai berikut:                      following fair value hierarchy:
          - Tingkat 1 - nilai wajar berdasarkan                      - Level 1 - the fair value is based on
            harga kuotasian (tidak disesuaikan)                        quoted prices (unadjusted) in active
            dalam pasar aktif;                                         markets;
          - Tingkat 2 - nilai wajar yang                             - Level 2 - the fair value uses inputs other
            menggunakan input selain harga                             than quoted prices included within Level
            kuotasian yang termasuk dalam                              1 that are observable, either directly (i.e.
            Tingkat 1 yang dapat diobservasi,                          as prices) or indirectly (i.e. derived from
            baik secara langsung (misalnya                             prices); and
            harga) atau secara tidak langsung
            (misalnya diperoleh dari harga); dan
          - Tingkat 3 - nilai wajar yang                             - Level 3 - the fair value uses inputs that
            menggunakan input yang bukan                               are not based on observable market
            berdasarkan data pasar yang dapat                          data (unobservable inputs).
            diobservasi (input yang tidak dapat di-
            observasi).
          Investasi reksadana dinyatakan pada                        Investment in mutual funds are stated at
          nilai pasar berdasarkan nilai aset neto                    market value in accordance with its net
          pada tanggal laporan posisi keuangan                       assets value at the consolidated
          konsolidasian.                                             statement of financial position date.
     VII. Biaya perolehan yang diamortisasi                     VII. Amortized         cost       of      financial
          dari instrumen keuangan                                    instruments
          Biaya perolehan yang diamortisasi                          Amortized cost is computed using the
          diukur dengan menggunakan metode                           effective interest rate method less any
          suku bunga efektif dikurangi penyisihan                    allowance for impairment and principal
          kerugian    penurunan      nilai     dan                   repayment or reduction. The calculation
          pembayaran atau pengurangan pokok.                         takes into account any premium or
          Perhitungan ini mencakup seluruh                           discount on acquisition and includes
          premi atau diskonto pada saat akuisisi                     transaction costs and fees that are an
          dan mencakup biaya transaksi serta                         integral part of the effective interest rate.
          komisi yang merupakan bagian tak
          terpisahkan dari suku bunga efektif.
2.g. Kas dan bank                                          2.g. Cash on hand and in banks
     Kas dan bank mencakup kas dan kas di                       Cash and banks include cash on hand and
     bank, yang tidak dibatasi penggunaannya                    cash in banks, which are not restricted and
     dan tidak digunakan sebagai jaminan atas                   pledged as collateral for any borrowing.
     pinjaman.
2.h. Investasi                                             2.h. Investments
     Deposito berjangka                                         Time deposits
     Deposito berjangka dicatat sebesar nilai                   Time deposits are stated at nominal value.
     nominal.
     Efek-efek                                                  Marketable securities
     Efek-efek terdiri dari obligasi, saham, dan                Marketable securities consist of bonds, shares
     reksadana. Efek-efek diklasifikasikan atas                 and mutual funds. Marketable securities are
     dasar tujuan investasi atau intensi dari                   classified based on the management’s
     manajemen. Lihat Catatan 2f untuk                          purpose or intention of maintaining such
     perlakuan akuntansi aset keuangan.                         instruments. Refer to Note 2f for the
                                                                accounting policy of financial assets.
                                                      22
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

       Unit    penyertaan      reksadana   disajikan             Investments in mutual fund units are stated at
       sebesar      nilai     asset            neto.             net asset value. Unrealized gain/loss due to
       Keuntungan/kerugian        belum  direalisasi             increase/decrease in net asset of mutual fund
       akibat kenaikan/penurunan nilai aset neto                 is reflected in the consolidated profit or loss for
       unit penyertaan reksadana disajikan dalam                 the year for mutual fund classified as financial
       laba rugi konsolidasian tahun berjalan untuk              assets at fair value through profit or loss, and
       reksadana yang termasuk dalam klasifikasi                 in the other comprehensive income (as part of
       aset keuangan yang diukur pada nilai wajar                equity) for mutual fund classified as available-
       melalui laba rugi, dan dalam penghasilan                  for-sale financial assets.
       komprehensif lain (yang merupakan bagian
       dari ekuitas) untuk reksadana yang termasuk
       dalam klasifikasi aset keuangan yang
       tersedia untuk dijual.

       Grup memiliki investasi pada saham yang                   The Group has investment in shares which is
       diklasifikasikan sebagai aset keuangan                    classified as available-for-sale financial
       tersedia untuk dijual. Investasi ini dicatat              assets. This investment is recorded at cost
       sebesar harga perolehan karena kisaran                    because of the significant estimation range of
       estimasi yang signifikan atas nilai wajar yang            the realistic fair value and the probability of
       realistis dan probabilitas berbagai estimasi              various estimation could not be assessed
       tidak     dapat   dinilai   secara      handal            reliably and therefore the Group is unable to
       mengakibatkan tidak memungkinkan bagi                     measure the investment in shares at its fair
       Grup untuk melakukan pengukuran investasi                 value.
       pada saham pada nilai wajarnya.

       Bila terjadi penurunan nilai yang bersifat                The carrying amount of the investments is
       permanen, nilai tercatatnya dikurangi untuk               written down to recognize a permanent decline
       mengakui      penurunan     tersebut    yang              in value of the individual investments. Any
       ditentukan untuk setiap investasi secara                  such write-down is charged directly to the
       individu dan kerugiannya dibebankan pada                  current year’s consolidated profit or loss.
       laba rugi konsolidasian tahun berjalan.

       Dividen kas yang diterima atas investasi                  Cash dividend received from investment in
       penyertaan    saham     diakui  sebagai                   shares is recognized as “Investment income”.
       “Pendapatan investasi”.

       Lihat Catatan 2f untuk perlakuan akuntansi                Refer to Note 2f for the accounting policy of
       aset keuangan.                                            financial assets.

       Penyertaan langsung                                       Direct participations
       Penyertaan saham merupakan investasi                      Investment in shares represents long-term
       jangka panjang pada perusahaan non-publik                 investment in non-publicly-listed companies.
       yang terdaftar.

2.i.   Properti investasi                                    2.i. Investment properties
       Properti investasi adalah properti (tanah atau             Investment properties are properties (land or a
       bangunan atau bagian dari suatu bangunan                   building or part of a building or both) held to
       atau keduanya) yang dimiliki untuk                         earn rentals or for capital appreciation or both,
       menghasilkan sewa atau untuk kenaikan                      rather than for use in providing service or for
       nilai atau keduanya dan tidak untuk                        administrative purpose.
       digunakan dalam penyediaan jasa atau
       untuk tujuan administratif.

       Properti investasi dicatat sebesar nilai                  Investment property is carried at fair value,
       wajarnya, yang mencerminkan nilai pasar                   representing open market value determined
       yang ditentukan setiap tahun oleh penilai                 annually by an independent appraiser. Fair
       independen. Nilai wajar didasarkan pada                   value is based on active market prices,
       harga pasar aktif, yang apabila diperlukan                adjusted, if necessary, for any difference in the
                                                        23
Page 511
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

       dilakukan penyesuaian atas perbedaan sifat,              nature, location or condition of the specific
       lokasi atau kondisi dari investasi tersebut.             asset. If the information is not available, the
       Jika informasi tidak         tersedia, Grup              Group uses alternative valuation methods
       menggunakan metode penilaian alternatif                  such as recent prices on less active markets
       seperti harga pasar terkini atau proyeksi                or discounted cash flow projections. These
       arus kas. Penilaian ini ditinjau ulang setiap            valuations are reviewed annually by
       tahun oleh penilai independen.                           independent appraiser.

       Perubahan dalam nilai wajar dicatat dalam                Changes in fair values are recorded in the
       laporan    laba  rugi dan      penghasilan               consolidated statements of profit or loss and
       komprehensif lain konsolidasian sebagai                  other comprehensive income as part of
       bagian dari pendapatan investasi.                        investment income.

       Properti investasi dihentikan pengakuannya               An     investment    property     should     be
       pada saat pelepasan atau ketika properti                 derecognized on disposal or when the
       investasi tersebut tidak digunakan lagi                  investment property is permanently withdrawn
       secara permanen dan tidak memiliki manfaat               from use and no future economic benefits are
       ekonomis di masa depan yang dapat                        expected from its disposal. Gains or losses
       diharapkan pada saat pelepasannya. Laba                  arising from the retirement or disposal of
       atau rugi yang timbul dari penghentian atau              investment property is credited or charged to
       pelepasan properti investasi diakui dalam                the consolidated profit or loss in the year the
       laba rugi konsolidasian dalam tahun                      asset is derecognized.
       terjadinya penghentian atau pelepasan
       tersebut.

2.j.   Investasi pada entitas asosiasi                      2.j. Investments in associates
       Entitas asosiasi adalah entitas dimana                    Associates are entities which the Group has
       Grup      memiliki     kekuasaan    untuk                 the power to participate in the financial and
       berpartisipasi dalam keputusan kebijakan                  operating policy decisions of the investee but
       keuangan dan operasional investee, tetapi                 is not control or joint control over those
       tidak mengendalikan atau mengendalikan                    policies (significant influence).
       bersama      atas    kebijakan   tersebut
       (pengaruh signifikan).

       Investasi pada entitas asosiasi dicatat                  Investment in associates accounted for using
       dengan menggunakan metode ekuitas.                       the equity method. Under the equity method,
       Dalam metode ekuitas, pengakuan awal                     the investment in an associate is initially
       investasi diakui sebesar biaya perolehan,                recognised at cost and the carrying amount is
       dan jumlah tercatat ditambah atau dikurang               increased or decreased to recognise the
       untuk mengakui bagian atas laba rugi                     investor's share of the profit or loss of the
       investee setelah tanggal perolehan. Bagian               investee after the date of acquisition. The
       atas laba rugi investee diakui dalam laba                investor's share of the profit or loss of the
       rugi. Penerimaan distribusi dari investee                investee is recognised in profit or loss.
       mengurangi     nilai    tercatat investasi.              Distributions received from an investee reduce
       Penyesuaian terhadap jumlah tercatat                     the carrying amount of the investment.
       tersebut juga mungkin dibutuhkan untuk                   Adjustments to the carrying amount may also
       perubahan dalam proporsi bagian investor                 be necessary for changes in the investor's
       atas investee yang timbul dari penghasilan               proportionate interest in the investee arising
       komprehensif lain, termasuk perubahan                    from changes in the investee's other
       yang timbul dari revaluasi aset tetap dan                comprehensive income, including those
       selisih penjabaran valuta asing. Bagian                  arising from the revaluation of property, plant
       investor atas perubahan tersebut diakui                  and equipment and from foreign exchange
       dalam penghasilan komprehensif lain.                     translation differences. The investor's share of
                                                                those changes is recognized in other
                                                                comprehensive income.

       Grup menghentikan penggunaan metode                      The Group discontinue the use of the equity
       ekuitas sejak tanggal ketika investasinya                method from the date when its investment
                                                       24
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

       berhenti menjadi investasi pada entitas                  ceases to be an associate as follows:
       asosiasi sebagai berikut:
       a.   jika investasi menjadi entitas anak;                a.   if the investment becomes a subsidiary;
       b.   jika sisa kepentingan dalam entitas                 b.   If the retained interest in the former
            asosiasi merupakan aset keuangan,                        associate is a financial asset, the Group
            maka Grup mengukur sisa kepentingan                      measure the retained interest at fair
            tersebut pada nilai wajar; atau                          value; or
       c.   ketika Grup menghentikan penggunaan                 c.   when the Group discontinue the use ot
            metode ekuitas, Grup mencatat seluruh                    the equity method, the Group account for
            jumlah yang sebelumnya telah diakui                      all amounts previously recognized in
            dalam penghasilan komprehensif lain                      other comprehensive income in relation to
            yang terkait dengan investasi tersebut                   that investment on the same basis as
            menggunakan dasar perlakuan yang                         would have been required if the investee
            sama dengan yang disyaratkan jika                        had directly disposed of the related
            investee telah melepaskan secara                         assets or liabilities.
            langsung aset dan liabilitas terkait.

2.k.   Aset tetap                                          2.k. Fixed assets
       Seluruh aset tetap awalnya diakui sebesar                All fixed assets are initially recognized at cost,
       biaya perolehan, yang terdiri atas harga                 which comprises its purchase price and any
       perolehan dan biaya-biaya tambahan yang                  costs directly attributable in bringing the asset
       dapat     diatribusikan  langsung   untuk                to the location and condition necessary for it to
       membawa aset ke lokasi dan kondisi yang                  be capable of operating in the manner
       diinginkan supaya aset tersebut siap                     intended by Management.
       digunakan       sesuai  dengan    maksud
       Manajemen.

       ISAK 25 menetapkan bahwa biaya                           ISAK 25 prescribes that the legal cost of land
       pengurusan legal hak atas tanah dalam                    rights in the form of Business Usage Rights
       bentuk Hak Guna Usaha (“HGU”), Hak Guna                  (“Hak Guna Usaha” or “HGU”), Building Usage
       Bangunan (“HGB”) dan Hak Pakai (“HP”)                    Right (Hak Guna Bangunan or “HGB”) and
       ketika tanah diperoleh pertama kali diakui               Usage Rights (“Hak Pakai” or “HP”) when the
       sebagai bagian dari biaya perolehan tanah                land was acquired initially are recognized as
       pada akun “Aset Tetap” dan tidak                         part of the cost of the land under the “Fixed
       diamortisasi. Sementara biaya pengurusan                 Assets”     account     and    not   amortized.
       atas perpanjangan atau pembaruan legal                   Meanwhile, the extension or the legal renewal
       hak atas tanah dalam bentuk HGU, HGB,                    costs of land rights in the form of HGU, HGB,
       dan HP diakui sebagai bagian dari beban                  and HP were recognized as part of deferred
       ditangguhkan pada laporan posisi keuangan                charges in the consolidated statements of
       konsolidasian dan diamortisasi sepanjang                 financial position and were amortized over the
       mana yang lebih pendek antara umur hukum                 shorter of the rights’ legal life and land’s
       hak dan umur ekonomis tanah.                             economic life.

       Setelah pengakuan awal, aset tetap, kecuali              Subsequent to initial recognition, fixed assets,
       tanah dan bangunan, dinyatakan pada biaya                except land and buildings, are carried at cost
       perolehan dikurangi akumulasi penyusutan                 less     any     subsequent        accumulated
       dan akumulasi rugi penurunan nilai.                      depreciation and impairment losses.

       Tanah       dan    bangunan       dinyatakan             Land and buildings are stated at their revalued
       berdasarkan nilai revaluasi yang merupakan               amounts, being the fair value at the date of
       nilai wajar pada tanggal revaluasi dikurangi             revaluation, less any subsequent accumulated
       akumulasi penyusutan, kecuali tanah yang                 depreciation, except land which is not
       tidak disusutkan, dan akumulasi rugi                     depreciated, and subsequent accumulated
       penurunan nilai yang terjadi setelah tanggal             impairment losses. Revaluation is made with
       revaluasi. Revaluasi dilakukan dengan                    sufficient regularity to ensure that the carrying
       keteraturan     yang     memadai       untuk             amount does not differ materially from that
       memastikan bahwa jumlah tercatat tidak                   which would be determined using fair value at

                                                      25
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

    berbeda secara material dari jumlah yang                  the reporting date.
    ditentukan dengan menggunakan nilai wajar
    pada tanggal pelaporan.

    Kenaikan revaluasi yang berasal dari                      Any revaluation increases arising on the
    revaluasi tanah dan bangunan langsung                     revaluation of such land and buildings is
    dikreditkan ke surplus revaluasi pada                     credited to the revaluation surplus in other
    penghasilan komprehensif lain, kecuali bila               comprehensive income, except to the extent
    sebelumnya terdapat penurunan revaluasi                   that it reverses a revaluation decrease, for the
    atas aset yang sama pernah diakui dalam                   same asset which was previously recognized
    laporan laba rugi, dalam hal ini kenaikan                 in profit or loss, in which case the increase is
    revaluasi hingga sebesar penurunan nilai                  credited to consolidated statement of profit or
    aset akibat revaluasi tersebut, dikreditkan               loss and other comprehensive income to the
    dalam laporan laba rugi dan penghasilan                   extent of the decrease previously charged.
    komprehensif lain konsolidasian.

    Penurunan jumlah tercatat yang berasal dari               A decrease in carrying amount arising on the
    revaluasi tanah dan bangunan dibebankan                   revaluation of such land and buildings is
    dalam laporan laba rugi apabila penurunan                 charged to profit or loss to the extent that it
    tersebut melebihi saldo surplus revaluasi                 exceeds the balance, if any, held in the
    aset yang bersangkutan, jika ada.                         properties’ revaluation reserve relating to a
                                                              previous revaluation of such land and
                                                              buildings.

    Surplus revaluasi tanah dan bangunan yang                 The revaluation surplus included in properties’
    telah disajikan dalam ekuitas dipindahkan                 revaluation reserve in respect of land and
    langsung ke saldo laba pada saat aset                     buildings is directly transferred to retained
    tersebut dihentikan pengakuannya.                         earnings when the asset is derecognized.

    Penyusutan terhadap aset tetap dihitung                   Fixed assets are depreciated from the month
    dengan menggunakan metode garis lurus                     the assets are placed in service on a straight-
    (straight-line method) dan metode saldo                   line method and double declining balance
    menurun ganda (double declining balance                   method over their estimated useful lives, as
    method),      berdasarkan  taksiran masa                  follows:
    manfaat ekonomis aset tetap yang
    bersangkutan, sebagai berikut:

                                                  Tahun/Years
     Gedung kantor                                  10 - 20                                            Office buildings
     Kendaraan bermotor                              4-8                                                Motor vehicles
     Meubel dan perabot kantor                       4-8                            Office furniture and fixtures office
     Mesin dan peralatan kantor                      4-8                                         Office and equipment
     Peralatan komputer                              4-8                                          Computer equipment

    Masa manfaat ekonomis, nilai residu dan                   The estimated useful lives, residual values
    metode penyusutan ditelaah setiap akhir                   and depreciation method are reviewed at each
    tahun dan pengaruh dari setiap perubahan                  year end, with the effect of any changes in
    estimasi tersebut berlaku prospektif.                     estimate accounted for on a prospective basis.

    Biaya    perbaikan   dan     pemeliharaan                 Repair and maintenance expenses are
    dibebankan ke laba rugi konsolidasian di                  charged to the consolidated profit or loss
    periode yang sama pada saat terjadinya.                   during the financial period in which they are
    Pengeluaran yang memperpanjang masa                       incurred. Expenditure which extends the
    manfaat aset atau yang memberikan                         useful lives of the assets or provides further
    manfaat     ekonomis  dikapitalisasi  dan                 economic benefits are capitalized and
    disusutkan.                                               depreciated.

                                                   26
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

       Apabila      aset     tetap      dihentikan                   When fixed assets are retired or otherwise
       penggunaannya atau dijual, harga perolehan                    disposed of, their costs and the related
       dan akumulasi depresiasi yang terkait                         accumulated depreciation are eliminated from
       dengan aset tetap tersebut dihentikan                         the consolidated financial statements and any
       pengakuannya dari laporan keuangan                            resulting gain or losses are recognized in the
       konsolidasian dan keuntungan atau kerugian                    consolidated profit or loss.
       yang dihasilkan diakui dalam laba rugi
       konsolidasian.

       Apabila nilai tercatat aset tetap lebih besar                 When the carrying amount of an asset is
       dari nilai yang dapat diperoleh kembali, aset                 greater than its estimated recoverable amount,
       diturunkan menjadi sebesar nilai yang dapat                   it is written down immediately to its
       diperoleh kembali, dengan menggunakan                         recoverable amount, which is determined
       nilai tertinggi antara harga jual neto dengan                 based on the higher of net selling price or
       nilai pakai.                                                  value in use.

       Akumulasi biaya konstruksi aset tetap                         The accumulated costs of the construction of
       dikapitalisasi  sebagai    aset      dalam                    fixed assets are capitalized as construction in
       penyelesaian. Biaya tersebut direklasifikasi                  progress. These costs are reclassified to the
       ke akun aset tetap pada saat proses                           fixed assets accounts when the construction is
       konstruksi selesai. Penyusutan mulai                          complete. Depreciation is charged from such
       dibebankan pada tanggal yang sama.                            date.

       Aset     sewa     pembiayaan   disusutkan                     Assets held under finance lease are
       berdasarkan     taksiran  masa    manfaat                     depreciated over their expected useful lives on
       ekonomis yang sama dengan aset yang                           the same basis as owned assets or where
       dimiliki sendiri atau disusutkan selama                       shorter, the term of the relevant lease.
       jangka waktu yang lebih pendek antara
       periode masa sewa dan umur manfaatnya.

2.l.   Biaya dibayar di muka                                     2.l. Prepaid expenses
       Biaya dibayar di muka diamortisasi dan                         Prepaid expenses are amortized and charged
       dibebankan selama masa manfaatnya                              as expense over the periods of benefits using
       dengan menggunakan metode garis lurus.                         the straight-line method.

2.m. Kelompok lepasan                                           2.m. Disposal groups
     Kelompok lepasan yang diklasifikasikan                          Disposal groups classified as held-for-sale are
     sebagai dimiliki untuk dijual diukur pada nilai                 measured at the lower of their carrying amount
     yang lebih rendah antara nilai tercatat dan                     and fair value less costs to sell.
     nilai wajar setelah dikurangi biaya untuk
     menjual.

       Kelompok lepasan diklasifikasikan sebagai                     Disposal groups are classified as held-for-
       dimiliki untuk dijual jika nilai tercatatnya akan             sale if their carrying amounts will be recovered
       dipulihkan terutama melalui transaksi                         principally through a sale transaction rather
       penjualan daripada melalui pemakaian                          than through continuing use.
       berlanjut.

       Suatu komponen dari Grup diklasifikasikan                     A component of the Group is classified as a
       sebagai “operasi yang dihentikan” ketika                      “discontinued operation” when the criteria to
       kriteria untuk mengklasifikasikan sebagai                     be classified as held-for-sale have been met
       dimiliki untuk dijual telah terpenuhi atau telah              or it has been disposed of and such a
       dilepaskan dan komponen tersebut mewakili                     component represents a separate major line of
       lini usaha atau area geografis operasi utama                  business or geographical area of operations or
       yang terpisah atau bagian dari rencana                        is part of a single coordinated plan to dispose
       tunggal terkoordinasi untuk melepaskan lini                   of a separate major line of business or
       usaha atau area geografis operasi utama                       geographical area of operations.
       yang terpisah.
                                                           27
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

     Hasil dari operasi yang dihentikan disajikan              The results of discontinuing operations are
     dalam laporan laba rugi dan penghasilan                   presented in the consolidated statements of
     komprehensif lain konsolidasian sebagai                   profit or loss and other comprehensive income
     akun “Rugi periode berjalan dari operasi                  as “Loss for the period from discontinued
     yang dihentikan”.                                         operations”.

2.n. Penurunan nilai atas aset non-keuangan               2.n. Impairment on non-financial assets
     Pada setiap akhir tahun pelaporan, Grup                   The Group assesses at end of each annual
     menilai apakah terdapat indikasi suatu aset               reporting year whether there is an indication
     mengalami penurunan nilai. Jika terdapat                  that an asset may be impaired. If any such
     indikasi tersebut atau pada saat pengujian                indication exists, or when annual impairment
     penurunan nilai aset (yaitu aset takberwujud              testing for an asset (i.e. an intangible asset
     dengan umur manfaat tidak terbatas, aset                  with an indefinite useful life, an intangible
     takberwujud yang belum dapat digunakan,                   asset not yet available for use, or goodwill
     atau goodwill yang diperoleh dalam suatu                  acquired in a business combination) is
     kombinasi bisnis) diperlukan, maka Grup                   required, the Group makes an estimate of the
     membuat estimasi formal jumlah terpulihkan                asset’s recoverable amount.
     aset tersebut.

     Jumlah terpulihkan yang ditentukan untuk                  An asset’s recoverable amount is the higher of
     aset individual adalah jumlah yang lebih                  an asset’s or cash generating unit (CGU)’s fair
     tinggi antara nilai wajar aset atau unit                  value less costs to sell and its value in use
     penghasil kas dikurangi biaya untuk menjual               and is determined for an individual asset,
     dengan nilai pakainya, kecuali aset tersebut              unless the asset does not generate cash
     tidak menghasilkan arus kas masuk yang                    inflows that are largely independent of those
     sebagian besar independen dari aset atau                  from other assets or group of assets.
     kelompok aset lain.

     Jika nilai tercatat aset lebih besar daripada             Where the carrying amount of an asset
     nilai terpulihkannya, maka aset tersebut                  exceeds its recoverable amount, the asset is
     dipertimbangkan mengalami penurunan nilai                 considered impaired and is written down to its
     dan nilai tercatat aset diturunkan menjadi                recoverable amount. Impairment losses are
     sebesar       nilai   terpulihkannya.    Rugi             recognized in the profit or loss as “Impairment
     penurunan nilai diakui pada laba rugi                     losses”.
     sebagai “Rugi penurunan nilai”.

     Kerugian penurunan nilai yang telah diakui                A previously recognized impairment loss for
     dalam periode sebelumnya untuk aset selain                an asset other than goodwill is reversed only if
     goodwill dibalik hanya jika terdapat                      there has been a change in the assumptions
     perubahan asumsi-asumsi yang digunakan                    used to determine the asset’s recoverable
     untuk menentukan jumlah terpulihkan aset                  amount since the last impairment loss was
     tersebut sejak rugi penurunan nilai terakhir              recognized.
     diakui.

     Dalam hal ini, jumlah tercatat aset dinaikkan             If that is the case, the carrying amount of the
     ke jumlah terpulihkannya. Pembalikan                      asset is increased to its recoverable amount.
     tersebut dibatasi sehingga jumlah tercatat                The reversal is limited so that the carrying
     aset tidak melebihi jumlah terpulihkannya                 amount of the assets does not exceed its
     maupun jumlah tercatat, neto setelah                      recoverable amount, nor exceed the carrying
     penyusutan, seandainya tidak ada rugi                     amount that would have been determined, net
     penurunan nilai yang telah diakui untuk aset              of depreciation, had no impairment loss been
     tersebut    pada     periode    sebelumnya.               recognized for the asset in prior years.
     Pembalikan rugi penurunan nilai diakui                    Reversal of an impairment loss is recognized
     dalam laporan laba rugi dan penghasilan                   in the consolidated statement of profit or loss
     komprehensif lain konsolidasian. Setelah                  and other comprehensive income. After such a
     pembalikan tersebut, penyusutan yang                      reversal, the depreciation charge is adjusted in
     dibebankan      disesuaikan     di    periode             future periods to allocate the asset’s revised

                                                     28
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

     mendatang untuk mengalokasikan jumlah                   carrying amount, less any residual value, on a
     tercatat aset yang direvisi, dikurangi nilai            systematic basis over its remaining useful life.
     residu, dengan dasar yang sistematis
     selama sisa umur manfaatnya.

2.o. Kontrak asuransi                                    2.o. Insurance contracts
     Kontrak asuransi adalah kontrak yang                     Insurance contract is a contract issued by an
     diterbitkan oleh perusahaan asuransi dimana              insurance company which accepts significant
     pada saat penerbitan polis perusahaan                    insurance risk from the policyholder upon the
     asuransi menerima risiko asuransi yang                   issuance of the policy.
     signifikan dari pemegang polis.

     Risiko asuransi adalah kemungkinan untuk                Significant insurance risk is the possibility of
     membayar manfaat yang signifikan kepada                 paying significantly more benefit to the
     pemegang polis apabila suatu kejadian yang              policyholder upon the occurrence of insured
     diasuransikan terjadi dibandingkan dengan               event compared to the minimum benefit
     manfaat minimum yang akan dibayarkan                    payable in a scenario where the insured event
     apabila risiko yang diasuransikan tidak                 does not occur. Scenarios considered are
     terjadi. Skenario-skenario yang diperhatikan            those with commercial substance.
     adalah skenario yang mengandung unsur
     komersial.

     Grup mendefinisikan risiko asuransi yang                The Group defines significant insurance risk
     signifikan sebagai kemungkinan Grup                     as the possibility of the Group agrees to
     menyetujui     untuk     mengkompensasi                 compensate policyholders of the contract for
     pemegang polis jika kejadian masa depan                 the specified uncertain future events that
     tertentu yang tidak pasti (kejadian yang                adversely affect the policyholder.
     diasuransikan)   berdampak     merugikan
     pemegang polis.

     Ketika sebuah kontrak telah diklasifikasi               Once a contract has been classified as an
     sebagai kontrak asuransi, reklasifikasi                 insurance, no reclassification is subsequently
     terhadap kontrak tersebut tidak dapat                   performed unless the terms of the agreement
     dilakukan kecuali ketentuan perjanjian                  are later amended.
     kemudian diamendemen.

     Kontrak asuransi diklasifikasikan sebagai               Insurance contract is classified as follows:
     berikut:
     - Kontrak asuransi jangka pendek                        -   Short-term insurance contract
       Kontrak asuransi jangka pendek adalah                     Short-term insurance contract is insurance
       kontrak asuransi yang hanya memberikan                    contract that only provides insurance
       proteksi asuransi tanpa ada komponen                      protection without deposit component for
       deposit untuk jangka waktu sama dengan                    period of or less than twelve months.
       atau kurang dari dua belas bulan.
     - Kontrak asuransi jangka panjang                       -   Long-term insurance contract
       Kontrak asuransi jangka panjang adalah                    Long-term insurance contract is insurance
       kontrak asuransi yang hanya memberikan                    contract that only provides insurance
       proteksi asuransi tanpa ada komponen                      protection without deposit component for
       deposit untuk jangka waktu lebih dari dua                 period of more than twelve months.
       belas bulan.
       i.   Pengakuan pendapatan underwriting                    i.   Underwriting income recognition
            Pendapatan underwriting diakui sejak                      Underwriting income is recognized
            berlakunya polis.                                         upon inception of the policy.

           Premi dari kontrak asuransi dan                            Premium     from    insurance      and
           reasuransi diakui sebagai pendapatan                       reinsurance contracts are recognized
           selama    periode    polis  (kontrak)                      as income during the period of policies
                                                    29
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                       FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                      unless otherwise stated)

         berdasarkan proporsi jumlah proteksi                     (contracts) in proportion to the
         yang diberikan. Premi dari polis                         insurance     coverage    provided.
         bersama diakui sebesar pangsa premi                      Premium from coinsurance policy is
         Grup.                                                    recognized based on the Group’s
                                                                  proportion to the the insurance
                                                                  coverage received.

         Premi reasuransi adalah bagian dari                      Reinsurance premium is part of gross
         premi bruto yang menjadi hak                             premium which is the right of
         reasuradur berdasarkan perjanjian                        reinsurers based on reinsurance
         (kontrak) reasuransi. Premi reasuransi                   agreement (contract). Reinsurance
         diakui    selama    periode    kontrak                   premium is recognized during the
         reasuransi     secara     proporsional                   period of reinsurance contracts in
         dengan proteksi diperoleh.                               proportion to the insurance coverage
                                                                  received.

         Premi    yang    belum     merupakan                     The unearned premium reserves
         pendapatan merupakan bagian dari                         represent the portion of the premium
         premi    yang    berkaitan    dengan                     written relating to the unexpired terms
         persyaratan    belum      berakhirnya                    of coverage protection.
         cakupan perlindungan.

         Grup mengakui cadangan atas premi                        The Group recognized short-term
         jangka pendek yang belum merupakan                       unearned premium reserves using
         pendapatan dengan menggunakan                            daily method.
         metode harian.

         Grup juga mengakui cadangan atas                         The Group also recognized long-term
         premi jangka panjang yang belum                          unearned premium reserves which
         merupakan pendapatan yang dihitung                       were calculated based on present
         dengan menggunakan metode nilai                          value of future cash flow method
         kini arus kas masa depan (arus kas                       (discounted cash flow).
         diskonto).

         Entitas anak Perseroan menghitung                        Subsidiary of the company calculates
         liabilitas manfaat polis masa depan                      the liabilities for future policy benefits
         dengan menggunakan metode Gross                          using Gross Premium Reserve method
         Premium          Reserve        yang                     that reflect the present value of
         mencerminkan nilai kini estimasi                         estimated payments throughout the
         pembayaran seluruh manfaat yang                          guaranteed benefits including all the
         diperjanjikan termasuk seluruh opsi                      embedded options available, the
         yang disediakan, nilai kini estimasi                     estimated present value of all handling
         seluruh biaya yang dikeluarkan dan                       costs incurred and also considering
         juga mempertimbangkan penerimaan                         the future premium receipt.
         premi di masa depan.

         (Kenaikan)/penurunan atas premi                          (Increase)/decrease    in   unearned
         yang belum merupakan pendapatan                          premium reserves represents the
         adalah selisih antara premi belum                        difference between the balance of
         merupakan      pendapatan    periode                     unearned premium reserves for the
         berjalan dan periode lalu dan diakui                     current and prior periods and is
         secara    neto    pada   laba    rugi                    recognized in net in the consolidated
         konsolidasian.                                           profit or loss.

         Porsi aset reasuransi dari premi yang                    The portion of reinsurance asset from
         belum        diterima      merupakan                     unearned    premium     reserves    is
         pendapatan diakui bersamaan pada                         recognized simultaneously when the
                                                  30
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

           saat timbulnya cadangan atas premi                         unearned premium reserves arisen.
           yang belum merupakan pendapatan.

           Porsi aset reasuransi dari premi yang                      The portion of reinsurance asset from
           belum        diterima      merupakan                       unearned    premium     reserves    is
           pendapatan       diukur   berdasarkan                      measured in accordance with the
           kontrak reasuransi terkait konsisten                       reinsurance contracts, consistent with
           dengan metode pengukuran cadangan                          the unearned premium reserves
           atas premi yang belum merupakan                            method.
           pendapatan.

           Penyajian pendapatan premi neto                            Net    premium      income    in   the
           dalam     laba     rugi  konsolidasian                     consolidated profit or loss represents
           menunjukkan jumlah premi bruto,                            gross premium, reinsurance and
           premi reasuransi dan retrosesi, dan                        retrocession premium and (increase)/
           (kenaikan)/penurunan cadangan atas                         decrease in unearned premium
           premi     yang     belum   merupakan                       reserves.       Reinsurance       and
           pendapatan. Premi reasuransi dan                           retrocession premium is presented as
           retrosesi disajikan sebagai pengurang                      deduction from gross premium.
           premi bruto.

     ii.   Reasuransi                                              ii. Reinsurance
           Grup mereasuransikan sebagian risiko                        The Group reinsures part of its total
           atas akseptasi pertanggungan kepada                         accepted risk with other insurance and
           perusahaan     asuransi   lain  dan                         reinsurance companies.
           perusahaan reasuransi.

           Jumlah premi dibayar atau bagian                           Premium paid or share in premium on
           premi atas transaksi reasuransi dan                        prospective      reinsurance           and
           retrosesi prospektif diakui sebagai                        retrocession contracts are recognized
           premi reasuransi selama periode                            over the period of the reinsurance and
           kontrak reasuransi dan retrosesi                           retrocession contracts based on the
           secara proporsional dengan proteksi                        coverage       provided.           Premium
           yang diberikan. Pembayaran atau                            payments or liabilities on retrospective
           liabilitas atas transaksi reasuransi dan                   reinsurance and retrocession contracts
           retrosesi retrospektif diakui sebagai                      are    recognized      as      reinsurance
           piutang reasuransi sebesar liabilitas                      receivables in amount equivalent to
           yang dicatat sehubungan kontrak                            the    recorded     liability     for   the
           reasuransi dan retrosesi tersebut.                         reinsurance      and          retrocession
                                                                      contracts.

           Grup mempunyai kontrak reasuransi                          The Group has proportional and non-
           dan retrosesi proporsional dan non-                        proportional      reinsurance       and
           proporsional    dengan    perusahaan                       retrocession contracts with domestic
           asuransi dan reasuransi di dalam                           and     overseas      insurance     and
           maupun di luar negeri. Tujuan                              reinsurance companies. The objective
           reasuransi ini adalah untuk membagi                        of the reinsurance is to ceded the risk
           risiko yang melebihi kapasitas retensi                     exceeding the Group’s retention
           Grup. Premi reasuransi dan retrosesi,                      capacity.       Reinsurance         and
           klaim reasuransi dan retrosesi, dan                        retrocession premium, reinsurance
           diskon reasuransi dan retrosesi                            and     retrocession     claims,    and
           dikurangkan dari premi bruto, klaim                        reinsurance       and       retrocession
           bruto, dan komisi bruto.                                   discounts are deducted from the gross
                                                                      written premium, gross claims, and
                                                                      gross commissions.


                                                      31
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

            Grup mereasuransikan sebagian porsi                         The Group reinsures a portion of its
            risikonya     kepada       perusahaan                       risk with reinsurance companies. The
            reasuradur. Jumlah premi yang                               amount of premium paid or portion of
            dibayar atau porsi premi atas transaksi                     premium from prospective reinsurance
            reasuransi prospektif diakui sesuai                         transactions is recognized over the
            dengan proporsi jumlah proteksi                             reinsurance contract in proportion with
            reasuransi yang diterima.                                   the protection received.

            Aset reasuransi termasuk saldo yang                         Reinsurance assets include balances
            diharapkan       dibayarkan       oleh                      expected to be recovered from
            perusahaan reasuransi untuk ceded                           reinsurance companies for ceded
            estimasi klaim reasuransi, dan ceded                        estimated reinsurance claims and
            premi belum merupakan pendapatan.                           ceded unearned premium. Amounts
            Jumlah manfaat yang ditanggung oleh                         recoverable from reinsurers are
            reasuradur     diperkirakan     secara                      estimated in a manner consistent with
            konsisten sesuai dengan liabilitas                          the liability associated with the
            yang terkait dengan polis reasuransi.                       reinsured policy.

            Jika aset reasuransi mengalami                              If a reinsurance asset is impaired, the
            penurunan nilai, Grup mengurangi nilai                      Group reduces the carrying amount
            tercatat dan mengakui kerugian                              accordingly and recognizes that
            penurunan nilai tersebut dalam laba                         impairment losses in the consolidated
            rugi konsolidasian. Aset reasuransi                         profit or loss. A reinsurance asset is
            mengalami penurunan nilai jika ada                          impaired if there is objective evidence,
            bukti objektif, sebagai akibat dari suatu                   as a result of an event that occurred
            peristiwa     yang     terjadi   setelah                    after initial recognition of the
            pengakuan awal aset reasuransi,                             reinsurance asset, that the Group may
            bahwa Grup tidak dapat menerima                             not receive all amounts due to it under
            seluruh jumlah karena di bawah                              the terms of the contract, and the
            syarat-syarat kontrak, dan dampak                           impact on the amounts that the Group
            pada jumlah yang akan diterima dari                         will receive from the reinsurers can be
            reasuradur dapat diukur secara andal.                       reliably measured.

            Grup menyajikan aset reasuransi                             The Group presents separately
            secara terpisah sebagai aset atas                           reinsurance assets of unearned
            premi belum merupakan pendapatan                            premium      and estimates claim
            dan estimasi liabilitas klaim.                              liabilities.

     iii.   Biaya akuisisi                                           iii. Acquisition costs
            Biaya akuisisi merupakan beban yang                           Acquisition costs represent costs
            terjadi untuk mendapatkan premi                               incurred to obtain premium income,
            asuransi,    seperti   komisi    yang                         such as commission paid to insurance
            dibayarkan kepada pialang asuransi,                           brokers, agencies and other insurance
            agen dan entitas asuransi lain. Biaya                         companies. This acquisition cost is
            akuisisi   ini   ditangguhkan     dan                         deferred and amortized in accordance
            diamortisasi sesuai dengan metode                             with calculation method of premium
            perhitungan cadangan atas premi.                              reserves.

     iv.    Klaim                                                    iv. Claims
            Klaim meliputi klaim disetujui (settled                      Claims consist of settled claims,
            claims),   klaim      dalam     proses                       outstanding claims, including claims
            penyelesaian, termasuk estimasi atas                         incurred but not yet reported (IBNR)
            klaim yang telah terjadi namun belum                         and claim settlement expenses.
            dilaporkan    (IBNR)     dan    beban                        Claims are recognized as expenses
            penyelesaian klaim. Klaim tersebut                           when incurred. Reinsurance claims
            diakui sebagai beban pada saat                               received from reinsurance companies
            timbulnya liabilitas untuk memenuhi                          are recognized as deduction from
                                                        32
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

          klaim. Bagian klaim yang diperoleh                          claim expenses in the same period as
          dari reasuradur diakui dan dicatat                          the recognition of claim expenses.
          sebagai pengurang beban klaim pada                          Subrogation rights are recognized as
          periode yang sama dengan periode                            deduction from claim expenses upon
          pengakuan     beban     klaim.   Hak                        realization.
          subrogasi diakui sebagai pengurang
          beban klaim pada saat realisasi.

          Penyajian beban klaim dalam laba rugi                       Claim expenses in the consolidated
          konsolidasian menunjukkan jumlah                            profit or loss represent gross claims,
          klaim bruto, klaim reasuransi, dan                          reinsurance claims and (increase)/
          (kenaikan)/penurunan estimasi klaim                         decrease in estimated own retention
          retensi sendiri. Klaim reasuransi                           claims. Reinsurance claims are
          disajikan sebagai pengurang klaim                           presented as deduction from gross
          bruto.                                                      claims.

          Cadangan atas estimasi klaim bruto                          A provision for estimated gross claims
          dibuat berdasarkan taksiran beban                           is made for the full estimated costs of
          klaim yang akan dibayar sesuai                              claims to be paid in respect of claims
          dengan klaim yang diterima Grup                             notified to the Group until the date of
          sampai dengan tanggal laporan.                              the reporting period. Reinsurance
          Pemulihan klaim dari reasuradur untuk                       recoveries of the provision for
          cadangan atas estimasi klaim bruto                          estimated gross claims is recorded as
          dicatat  sebagai     estimasi    klaim                      estimated reinsurance claims in
          reasuransi pada aset reasuransi.                            reinsurance assets.

          Grup        menetapkan        cadangan                      The Group establishes its reserves by
          berdasarkan lini usaha. Ada dua                             line of business. There are two
          kategori cadangan: cadangan untuk                           categories of reserve: reserves for
          klaim yang sudah dilaporkan dan                             reported losses and reserves for
          cadangan untuk klaim yang sudah                             incurred but not reported (IBNR)
          terjadi tetapi belum dilaporkan (IBNR).                     losses.

          Cadangan Grup untuk klaim yang                              The Group’s reserves for reported
          sudah dilaporkan adalah berdasarkan                         losses are based on estimates of
          pada estimasi pembayaran di masa                            future payments to settle reported
          mendatang     untuk    menyelesaikan                        claims. The Group bases such
          klaim yang sudah dilaporkan. Grup                           estimates on the facts available at the
          membuat        estimasi      tersebut                       time the reserves are established.
          berdasarkan pada fakta-fakta yang
          tersedia    pada    saat   cadangan
          ditetapkan.

          Perubahan jumlah estimasi klaim,                            Changes in the amount of estimated
          sebagai akibat proses penelaahan                            total claim liabilities as a result of
          lebih lanjut dan perbedaan antara                           further   review,     and    differences
          jumlah     estimasi   klaim   yang                          between estimated claims and claims
          dibayarkan, diakui dalam laba rugi                          paid,    are   recognized       in   the
          konsolidasian pada tahun terjadinya                         consolidated profit or loss in the years
          perubahan.                                                  when the changes occur.

     v.   Pengujian kecukupan liabilitas                           v. Liability adequacy test
          Pengujian      kecukupan       liabilitas                   Liability adequacy testing is performed
          dilakukan pada tanggal pelaporan                            at reporting date for contract
          untuk kontrak secara individual                             individually or class of products
          ataupun    per    kelompok      produk,                     determined in accordance with the
          ditentukan sesuai dengan cara Grup                          Group acquiring, servicing, and
                                                      33
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

            memperoleh,        memelihara,  dan                       measuring the profitability       of   its
            mengukur profitabilitas dari kontrak                      insurance contracts.
            asuransi tersebut.

            Grup menilai liabilitas asuransi pada                     The Group measures the insurance
            setiap akhir periode pelaporan untuk                      liabilities at the end of reporting period
            meyakinkan apakah liabilitas asuransi                     to ensure whether the insurance
            yang dicatat cukup untuk menutup                          liabilities recorded are sufficient to
            kerugian yang diperkirakan pada akhir                     cover expected losses at the end of
            periode       pelaporan,      dengan                      the reporting period, by using present
            menggunakan estimasi kini atas arus                       value of future cash flow based on
            kas masa depan berdasarkan kontrak                        insurance contracts.
            asuransi.

            Jika penilaian tersebut menunjukan                        If the valuation showed deficiency
            kekurangan antara nilai tercatat                          between insurance liabilities recorded
            liabilitas asuransi (dikurangi dengan                     (deducted with respective deferred
            biaya akuisisi tangguhan terkait)                         acquisition cost) with estimation of
            dibandingkan dengan estimasi arus                         future cash flow, the deficiency will be
            kas masa depan, maka seluruh                              recorded to consolidated profit or loss.
            kekurangan tersebut dicatat dalam
            laba rugi konsolidasian.

            Pada tanggal pelaporan, keseluruhan                       As at reporting date, all insurance
            jumlah aset dan liabilitas asuransi                       assets and liabilities have been
            yang dicatat telah diestimasi dan                         estimated and Management believes
            Manajemen meyakini bahwa jumlah                           that the amount recorded are
            tersebut telah memadai.                                   adequate.

2.p. Dividen                                              2.p. Dividends
     Pembagian dividen kepada pemegang                         Dividend distribution to the shareholders is
     saham diakui sebagai liabilitas dalam                     recognized as a liability in the Group’s
     laporan keuangan konsolidasian Grup dalam                 consolidated financial statements in the year
     tahun dimana pembagian dividen tersebut                   in which the dividends are declared.
     diumumkan.

2.q. Aset takberwujud                                     2.q. Intangible assets
     Aset takberwujud terdiri dari beban                       Intangible assets consist of cost related to
     perpanjangan Hak Guna Tanah dan                           renewal of land and building use rights and
     Bangunan dan perangkat lunak sistem                       computer system softwares.
     komputer.

       Beban yang terjadi sehubungan dengan                    Charges occurred in respect of land rights are
       pengurusan     legal    hak    atas   tanah             deferred and amortized using straight line
       ditangguhkan dan diamortisasi dengan                    method. Management properly estimates the
       metode      garis     lurus.     Manajemen              useful lives of these intangible assets to be
       mengestimasi masa manfaat ekonomis aset                 within 1 (one) to 4 (four) years. Changes in
       takberwujud antara 1 (satu) sampai dengan               the expected level of usage and technological
       4 (empat) tahun. Perubahan tingkat                      development could impact the economic
       pemakaian dan perkembangan teknologi                    useful lives and the residual values of these
       dapat     memengaruhi      masa     manfaat             assets, and therefore future amortization
       ekonomis dan nilai sisa aset, dan karenanya             charges could be revised.
       biaya amortisasi masa depan mungkin
       direvisi.

2.r.   Pengakuan pendapatan dan beban                     2.r. Revenue and expense recognition
       Pendapatan jasa diakui pada saat jasa                   Revenue from services is recognized when
       diberikan kepada langganan.                             the service is delivered.
                                                     34
Page 522
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

       Pembayaran sewa dan jasa pemeliharaan                      Payment for rental and services charge
       yang diterima di muka disajikan sebagai                    received upfront are presented in other
       pendapatan diterima di muka pada utang                     payables (liabilities) in the consolidated
       lain-lain (liabilitas) dalam laporan posisi                statement of financial position as deferred
       keuangan konsolidasian yang diakui sebagai                 revenue and recognized as revenue
       pendapatan secara proporsional sesuai                      proportionally according to the rental and
       dengan periode perjanjian sewa dan jasa                    service period in the rental agreement. Other
       pemeliharaan. Pendapatan dan beban                         income and expense are recognized as
       lainnya diakui pada saat terjadinya,                       incurred an accrual basis.
       menggunakan dasar akrual.

2.s.   Sewa                                                  2.s. Leases
       Suatu perjanjian, yang meliputi suatu                      An arrangement, comprising a transaction or a
       transaksi atau serangkaian transaksi,                      series of transactions, is or contains a lease if
       merupakan      perjanjian   sewa    atau                   the Group determines that the arrangement
       mengandung sewa jika Grup menentukan                       conveys a right to use a specific asset or
       bahwa perjanjian tersebut memberikan hak                   assets for an agreed period of time in return
       untuk menggunakan suatu aset atau                          for a payment or a series of payments.
       sekelompok aset selama periode tertentu
       dengan imbalan suatu atau serangkaian
       pembayaran.

       Grup sebagai lessor                                        The Group as lessor
       Pertimbangan tersebut dibuat berdasarkan                   Such a determination is made based on an
       hasil evaluasi terhadap substansi perjanjian               evaluation of the substance of the
       terlepas dari bentuk formal dari perjanjian                arrangement regardless of whether the
       sewa tersebut.                                             arrangement takes the legal form of a lease.

       Sewa di mana Grup tidak mengalihkan                        Leases in which the Group does not transfer
       secara substansial seluruh risiko dan                      substantially all the risks and rewards
       manfaat yang terkait dengan kepemilikan                    incidental to ownership of an asset are
       suatu aset diklasifikasikan sebagai sewa                   classified as operating leases. Rental income
       operasi. Pendapatan sewa yang timbul                       arising is accounted for on a straight-line basis
       dicatat dengan metode garis lurus selama                   over the lease terms and is included in
       masa sewa dan dimasukkan dalam                             revenue in the consolidated statement of profit
       pendapatan dalam laporan laba rugi dan                     or loss and other comprehensive income due
       penghasilan komprehensif lain konsolidasian                to its operating nature. Initial direct costs
       karena sifat operasinya. Biaya perolehan                   incurred in negotiating and arranging an
       langsung awal yang timbul dalam negosiasi                  operating lease are added to the carrying
       dan pengaturan sewa operasi ditambahkan                    amount of the leased asset and recognized
       ke nilai tercatat aset sewaan dan diakui                   over the lease term on the same basis as
       selama masa sewa atas dasar yang sama                      rental    income.    Contingent     rents     are
       dengan pendapatan sewa. Sewa kontinjensi                   recognized as revenue in the period in which
       diakui sebagai pendapatan pada periode                     they are earned.
       perolehannya.

       Grup sebagai lessee/ penyewa                               The Group as lessee
       Aset pada sewa pembiayaan dicatat pada                     Assets held under finance leases are initially
       awal masa sewa sebesar nilai wajar aset                    recognised as assets of the Group at their fair
       sewaan Grup yang ditentukan pada awal                      value at the inception of the lease or, if lower,
       kontrak atau, jika lebih rendah, sebesar nilai             at the present value of the minimum lease
       kini dari pembayaran sewa minimum.                         payments. The corresponding liability to the
       Liabilitas kepada lessor disajikan di dalam                lessor is included in the statement of financial
       laporan posisi keuangan sebagai bagian dari                position as part of consumer finance and
       utang pembiayaan konsumen dan sewa                         leases payable.
       pembiayaan.

                                                        35
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

    Pada tanggal permulaan kontrak, Grup                    At the inception of a contract, the Group
    menilai apakah kontrak merupakan, atau                  assesses whether the contract is, or contains,
    mengandung,       sewa.   Suatu     kontrak             a lease. A contract is or contains a lease if the
    merupakan atau mengandung sewa jika                     contract conveys the right to control the use of
    kontrak tersebut memberikan hak untuk                   an identified asset for a period of time in
    mengendalikan        penggunaan        aset             exchange for consideration.
    identifikasian selama suatu jangka waktu
    untuk dipertukarkan dengan imbalan.

    Untuk menilai apakah kontrak memberikan                 To assess whether a contract conveys the
    hak untuk mengendalikan penggunaan aset                 right to control the use of an identified asset,
    identifikasian, Grup mempertimbangkan                   the Group considers whether:
    apakah:
    - Grup memiliki hak untuk mendapatkan                   -   The Group has the right to obtain
       secara subtansial seluruh manfaat                        substantially all the economic benefits
       ekonomi       dari    penggunaan     aset                from use of the asset throughout the
       identifikasian; dan                                      period of use; and
    - Grup memiliki hak untuk mengarahkan                   -   The Group has the right to direct the use
       penggunaan aset identifikasian. Grup                     of the asset. The Group has this right
       memiliki hak ini ketika Grup memiliki hak                when it has the decision-making rights
       untuk pengambilan keputusan yang                         that are the most relevant to changing the
       relevan tentang penentuan bagaimana                      determination of how and for what
       dan untuk tujuan apa aset digunakan                      purpose the asset is used and:
       telah ditentukan sebelumnya dan:
       1. Grup        memiliki    hak      untuk                1. The Group has the right to operate the
            mengoperasikan aset; atau                              asset; or
       2. Grup telah mendesain aset dengan                      2. The Group has designed the asset in
            cara     menetapkan     sebelumnya                     a way that predetermines how and for
            bagaimana dan untuk tujuan apa aset                    what purpose it will be used.
            akan digunakan selama periode
            penggunaan.

    Pada tanggal insepsi atau pada penilaian                At the inception or on reassessment of a
    kembali atas kontrak yang mengandung                    contract that contains a lease component, the
    sebuah       komponen     sewa,     Grup                Group allocates the consideration in the
    mengalokasikan imbalan dalam kontrak ke                 contract to each lease component on the
    masing-masing       komponen        sewa                basis of the relative stand-alone prices and
    berdasarkan harga tersendiri relatif dari               the aggregate stand-alone price of the non-
    komponen sewa dan harga tersendiri                      lease components.
    agregat dari komponen non sewa.

    Pada tanggal permulaan sewa, Grup                       The Group recognises a right-of-use asset
    mengakui aset hak guna dan liabilitas sewa.             and a lease liability at the lease
    Aset hak guna diukur pada biaya perolehan,              commencement date. The right-of-use asset
    dimana meliputi jumlah pengukuran awal                  is initially measured at cost, which comprises
    liabilitas sewa yang disesuaikan dengan                 the initial amount of the lease liability adjusted
    pembayaran sewa yang dilakukan pada atau                for any lease payment made at or before the
    sebelum tanggal permulaan, ditambah                     commencement date, plus any initial direct
    dengan biaya       langsung awal yang                   cost incurred and an estimate of costs to
    dikeluarkan dan estimasi biaya yang akan                dismantle and remove the underlying asset or
    dikeluarkan    untuk   membongkar       dan             to restore the underlying asset to the condition
    memindahkan       aset   pendasar     untuk             required by the terms and conditions of the
    merestorasi aset pendasar ke kondisi yang               lease, less any lease incentives received.
    disyaratkan dan ketentuan sewa, dikurangi
    dengan insentif sewa yang diterima.


                                                   36
Page 524
PT ASURANSI TUGU PRATAMA INDONESIA TBK                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                             unless otherwise stated)

       Aset hak guna kemudian disusutkan                          The right-of-use asset is subsequently
       menggunakan metode garis lurus dari                        depreciated using the straight-line method
       tanggal permulaan hingga tanggal yang lebih                from the commencement date to the earlier of
       awal antara akhir umur manfaat aset hak                    the end of the useful life of the right-of-use
       guna atau akhir masa sewa.                                 asset or the end of the lease term.

       Liabilitas sewa diukur pada nilai kini                     The lease liability is initially measured at the
       pembayaran sewa yang belum dibayar pada                    present value of the lease payments that are
       tanggal permulaan, didiskontokan dengan                    not paid at the commencement date,
       menggunakan suku bunga implisit dalam                      discounted using the interest rate implicit in
       sewa atau jika suku bunga tersebut tidak                   the lease or, if that rate cannot be readily
       dapat ditentukan, maka menggunakan suku                    determined, using the incremental borrowing
       bunga      pinjaman   inkremental.    Pada                 rate. Generally, the Group uses its
       umumnya, Grup menggunakan suku bunga                       incremental borrowing rate as the discount
       pinjaman inkremental sebagai tingkat bunga                 rate.
       diskonto.

       Pembayaran sewa yang termasuk dalam                        Lease payments included in the measurement
       pengukuran       liabilitas sewa meliputi                  of the lease liability comprise fixed payments,
       pembayaran tetap, termasuk pembayaran                      including in-substance fixed payments less
       tetap secara substansi dikurangi dengan                    any lease incentive receivable.
       piutang insentif sewa.

       Setiap pembayaran sewa dialokasikan                        Each lease payment is allocated between
       sebagai beban keuangan dan pengurangan                     finance charges and reduction of the lease
       liabilitas sehingga menghasilkan tingkat suku              liability so as to achieve a constant rate on the
       bunga yang konstan atas saldo liabilitas                   finance balance outstanding.
       yang tersisa.

2.t.   Pinjaman diterima                                      2.t. Borrowings
       Pinjaman yang diterima pada awalnya diakui                  Borrowings are recognized initially at fair
       sebesar nilai wajar setelah dikurangi biaya-                value, net of directly attributable transaction
       biaya transaksi (jika ada) yang dapat                       costs (if any). Borrowings are subsequently
       diatribusikan secara langsung. Pinjaman                     stated at amortized cost, any difference
       yang      diterima     selanjutnya     dicatat              between the proceeds (net of transaction
       menggunakan biaya perolehan diamortisasi,                   costs) and the redemption value is recognized
       selisih antara jumlah yang diterima (neto                   in the consolidated profit or loss over the
       setelah dikurangi biaya-biaya transaksi) dan                period of the borrowings using the effective
       nilai penyelesaian pinjaman yang diterima                   interest method. Borrowings are classified as
       tersebut diakui dalam laba rugi konsolidasian               financial liabilities at amortized cost. Refer to
       sepanjang       masa     pinjaman    dengan                 Note 2f for the accounting policy for the
       menggunakan        metode     bunga    efektif.             accounting policy of financial assets.
       Pinjaman yang diterima diklasifikasikan
       sebagai liabilitas keuangan yang diukur
       dengan biaya perolehan diamortisasi. Lihat
       Catatan 2f untuk perlakuan akuntansi aset
       keuangan.

2.u. Imbalan kerja                                            2.u. Employee benefits
     i. Imbalan kerja jangka pendek                                i. Short-term employee benefits
        Imbalan kerja jangka pendek diakui                            Short-term employee benefits are
        pada saat terutang kepada karyawan.                           recognized when they accrue to the
                                                                      employees.

       ii.   Imbalan   pensiun   dan    pasca   kerja             ii.   Pension and other post employment
             lainnya                                                    benefits

                                                         37
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

        Imbalan pensiun dan imbalan jangka                          Pension and other post employment
        panjang lainnya dihitung berdasarkan                        benefits are calculated in accordance
        peraturan Perseroan dan tiap-tiap                           with the Company and each of
        entitas anak. Kecuali TIC, TRB, dan                         subsidiaries’ regulation. Except for TIC,
        YHT, imbalan pensiun dan imbalan                            TRB and YHT, the pension and other
        jangka panjang lainnya juga mengacu                         post employment benefits also referred to
        kepada Undang-Undang No. 6 tahun                            No.6 of 2023 concerning Job Creation.
        2023 tentang Cipta Kerja. Grup juga                         The Group also provides additional
        mencatat penyisihan manfaat tambahan                        provisions on top of the benefit provided
        selain program dana pensiun tersebut di                     under the above-mentioned defined
        atas untuk memenuhi dan menutup                             contribution pension program in order to
        imbalan     minimum     yang     harus                      meet and cover the minimum benefits
        dibayarkan kepada karyawan-karyawan                         required to be paid to the contract
        kontrak sesuai dengan Undang-Undang                         employees with law No.6 of 2023
        No. 6 tahun 2023 tentang Cipta Kerja.                       concerning Job Creation.
        Grup memiliki program pensiun dan                           The Group has pension and other post
        pasca kerja dalam bentuk imbalan pasti                      employment benefits in the form of
        dan iuran pasti.                                            defined benefit and defined contribution
                                                                    plans.
        Program imbalan pasti merupakan                             Defined benefit plan is a pension plan
        program pensiun yang menetapkan                             that defines an amount of pension that
        jumlah imbalan pensiun yang akan                            will be received by the employee on
        diterima oleh karyawan pada saat                            becoming entitled to a pension, which
        pensiun, yang biasanya tergantung                           usually depends on one or more factors
        pada satu faktor atau lebih seperti umur,                   such as age, years of service and
        masa kerja dan jumlah kompensasi.                           compensation.
        Program       iuran   pasti  merupakan                      A defined contribution plan is a pension
        program       pensiun    dimana   Grup                      plan under which the Group pays fixed
        membayar sejumlah iuran tertentu                            contributions into a separate entity and
        kepada entitas yang terpisah dan Grup                       the Group has no legal or constructive
        tidak memiliki liabilitas hukum atau                        obligation to pay further contributions.
        konstruktif untuk membayar kontribusi
        lebih lanjut.
        Kecuali TIC, TRB, dan YHT, Grup                             Except for TIC, TRB, and YHT, the
        diwajibkan    menyediakan      jumlah                       Group is required to provide a minimum
        minimum imbalan pensiun berdasarkan                         amount     of    pension     benefits  in
        UUCK. Secara substansi program                              accordance with UUCK. Since the Law
        pensiun dalam UUCK merupakan                                sets the formula for determining the
        program imbalan pasti karena undang-                        minimum amount of benefits, in
        undang telah menetapkan formula                             substance pension plans under UUCK
        dalam menentukan jumlah minimum                             represent defined benefit plans. If the
        imbalan. Jika porsi program imbalan                         employee funded portion of the pension
        pensiun yang didanai oleh karyawan                          plan benefit is less than the benefit as
        lebih rendah dari imbalan yang                              required by the law, the Group will
        diwajibkan menurut undang-undang,                           provide provision for such shortage.
        Grup akan membentuk penyisihan
        untuk menutupi kekurangan tersebut.
        Sehubungan dengan program pensiun                           The     liability  recognized      in    the
        imbalan pasti, liabilitas diakui pada                       consolidated statement of financial
        laporan posisi keuangan konsolidasian                       position in respect of defined benefit
        sebesar nilai kini liabilitas imbalan pasti                 pension plans is the present value of the
        pada akhir periode pelaporan, dikurangi                     defined benefit obligation at the end of
        dengan nilai wajar aset program.                            the reporting period, less the fair value of
                                                                    plan assets.
                                                      38
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

        Liabilitas imbalan pasti dihitung setiap                     The defined benefit obligation is
        tahun oleh aktuaris yang independen                          calculated annually by independent
        dengan         menggunakan         metode                    actuaries using the projected unit credit
        projected unit credit. Nilai kini liabilitas                 method. The present value of the defined
        ditentukan dengan mendiskontokan                             benefit obligation is determined by
        arus kas keluar yang diestimasi dengan                       discounting the estimated future cash
        menggunakan tingkat bunga Obligasi                           outflows    using   interest   rates    of
        Pemerintah       yang   didenominasikan                      Government Bonds that are denominated
        dalam mata uang dimana imbalan akan                          in the currency in which the benefits will
        dibayarkan dan memiliki jangka waktu                         be paid, and that have terms to maturity
        jatuh tempo mendekati jangka waktu                           approximating to the terms of the related
        liabilitas pensiun.                                          pension obligation.

        Aset program adalah aset yang dimiliki                       Plan assets are assets that are held by a
        oleh dana imbalan kerja jangka                               long-term employee benefit fund. Plan
        panjang. Aset program tersebut dimiliki                      assets are held by a separate legal entity
        oleh entitas hukum terpisah dan                              and exist solely to pay or fund employee
        didirikan semata-mata untuk membayar                         benefits and are not available to the
        atau mendanai imbalan kerja dan tidak                        creditors of the Group, nor can they be
        boleh dipakai untuk menyelesaikan                            paid to the Group. Fair value is
        liabilitas kepada kreditur Grup dan tidak                    determined based on market price
        dapat dibayarkan kepada Grup. Nilai                          information.
        wajar ditentukan berdasarkan informasi
        harga pasar.

        Keuntungan dan kerugian aktuarial                            Actuarial gains and losses arising from
        yang     timbul    dari    penyesuaian                       experience adjustments and changes in
        pengalaman dan perubahan asumsi                              actuarial assumptions are charged or
        aktuarial dibebankan atau dikreditkan                        credited to other comprehensive income
        pada penghasilan komprehensif lain                           and is presented in the equity section.
        dan disajikan pada bagian ekuitas.

        Biaya jasa lalu diakui segera dalam laba                     Past-service costs are recognized
        rugi konsolidasian.                                          immediately in the consolidated profit or
                                                                     loss.

        Biaya imbalan pasca kerja yang diakui                        The post-employment benefits expense
        selama tahun berjalan terdiri dari biaya                     recognized during the current year
        jasa dalam laba rugi, bunga neto atas                        consists of service cost in profit or loss,
        liabilitas imbalan pasti neto dalam laba                     net interest on the net defined benefit
        rugi, dan pengukuran kembali liabilitas                      liability     in   profit  or   loss   and
        imbalan pasti neto dalam penghasilan                         remeasurement of the net defined benefit
        komprehensif lain.                                           liabilities in other comprehensive income.

        Bunga neto atas liabilitas imbalan pasti                     Net interest on the net defined benefit
        neto merupakan komponen pendapatan                           liabilities  is   the     interest    income
        bunga dari aset program, biaya bunga                         component of plan assets, interest
        atas liabilitas imbalan pasti dan bunga                      expense of defined benefit obligation and
        atas dampak batas atas dari aset.                            interest on the effect of asset ceiling.

        Pengukuran kembali liabilitas imbalan                        Remeasurements of the net defined
        pasti neto terdiri atas:                                     benefit liability consists of:
        - keuntungan dan kerugian aktuarial;                         - actuarial gains and losses;
        - imbal hasil atas aset program, tidak                       - return on plan assets, excluding amount
           termasuk jumlah yang dimasukkan                             included in net interest on the net
           dalam bunga neto atas liabilitas                            defined benefit liability; and
           imbalan pasti neto; dan
                                                       39
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

              -   setiap perubahan dampak batas atas                     - any changes in effect of the asset
                  aset, tidak termasuk jumlah yang                         ceiling, excluding amount including in
                  dimasukkan dalam bunga neto atas                         net interest on the net defined benefit
                  liabilitas imbalan pasti neto.                           liability.

       iii.   Liabilitas jangka panjang lainnya                   iii.   Other long-terms obligations
              Beberapa entitas di dalam Grup                             Some entities within the Group provide
              memberikan imbalan jangka panjang                          other long-term employee benefits
              lainnya dalam bentuk cuti berimbalan                       including long-service leave and jubilee
              jangka panjang dan penghargaan                             awards.
              jubilee.

              Liabilitas jangka panjang lainnya                          Other long-term obligation is calculated
              dihitung oleh aktuaris independen                          annualy by independent actuary using
              dengan         menggunakan      metode                     the projected unit credit method and
              projected unit credit dan didiskontokan                    discounted to present value.
              ke nilai kini.

2.v.   Perpajakan                                            2.v. Taxation
       Beban pajak terdiri dari pajak kini dan pajak              The tax expense comprises current and
       tangguhan. Pajak diakui dalam laba rugi                    deferred tax. Tax is recognized in the
       konsolidasian, kecuali jika pajak tersebut                 consolidated profit or loss, except to the
       terkait dengan transaksi atau kejadian yang                extent that it relates to items recognized
       langsung diakui ke ekuitas. Dalam hal ini,                 directly in equity. In this case, the tax is also
       pajak tersebut masing-masing diakui dalam                  recognized in other comprehensive income or
       penghasilan komprehensif lain atau ekuitas.                directly in equity.

       Pajak penghasilan tangguhan diakui untuk                   Deferred income tax is recognized on
       semua perbedaan temporer antara dasar                      temporary differences arising between the tax
       pengenaan pajak aset dan liabilitas dengan                 bases of assets and liabilities and their
       nilai tercatatnya pada laporan keuangan.                   carrying amounts in the financial statements.
       Pajak penghasilan tangguhan ditentukan                     Deferred income tax is determined using tax
       dengan menggunakan tarif pajak yang telah                  rates that have been enacted or substantially
       berlaku atau secara substantif telah berlaku               enacted as of reporting period and is expected
       pada     akhir   periode  pelaporan      dan               to apply when the related deferred income tax
       diharapkan diterapkan ketika aset pajak                    asset is realized or the deferred income tax
       penghasilan tangguhan direalisasi atau                     liability is settled.
       utang     pajak   penghasilan     tangguhan
       diselesaikan.

       Aset pajak penghasilan tangguhan diakui                    Deferred income tax assets are recognized
       hanya jika besar kemungkinan jumlah                        only to the extent that it is probable that future
       penghasilan kena pajak di masa depan akan                  taxable profit will be available against which
       memadai untuk dikompensasi dengan                          the temporary differences can be utilized.
       perbedaan temporer yang masih dapat
       dimanfaatkan.

       Aset dan liabilitas pajak penghasilan                      Deferred income tax assets and liabilities are
       tangguhan dapat saling hapus apabila                       offset when there is a legally enforceable right
       terdapat hak yang berkekuatan hukum untuk                  to offset current tax assets against current tax
       melakukan saling hapus antara aset pajak                   liabilities and when the deferred income taxes
       kini dengan liabilitas pajak kini dan apabila              assets and liabilities relate to income taxes
       aset dan liabilitas pajak penghasilan                      levied by the same taxation authority on either
       tangguhan      dikenakan      oleh    otoritas             the same taxable entity or different taxable
       perpajakan yang sama, baik atas entitas                    entities where there is an intention to settle
       kena pajak yang sama ataupun berbeda dan                   the balances on a net basis.
       adanya niat untuk melakukan penyelesaian
       saldo-saldo tersebut secara neto.
                                                        40
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

     Koreksi atas utang pajak diakui pada saat                Correction to taxation obligations are recorded
     Surat Ketetapan Pajak diterima, atau apabila             when a tax assessment is received or, if
     diajukan keberatan dan/atau banding, maka                appealed against, when the result of the
     koreksi diakui pada saat keputusan atas                  appeal is determined.
     keberatan dan/atau banding tersebut
     diterima.

     Manajemen      juga   dapat   membentuk                  Management provides provision for future tax
     pencadangan terhadap utang pajak di masa                 liability at the amount that will be payable to
     depan sebesar jumlah yang diestimasikan                  the tax office on probable tax exposure, based
     akan dibayarkan ke kantor pajak jika                     on assessment as of the date of consolidated
     berdasarkan evaluasi pada tanggal laporan                statement of financial position. Assumption
     posisi keuangan konsolidasian terdapat                   and estimation used in the provisioning
     risiko pajak yang probable. Asumsi dan                   calculation      may   involve     element   of
     estimasi yang digunakan dalam perhitungan                uncertainty.
     pembentukan cadangan tersebut memiliki
     unsur ketidakpastian.

     Peraturan perpajakan di Indonesia mengatur               Tax regulation in Indonesia determined that
     beberapa jenis penghasilan dikenakan pajak               certain taxable income is subject to final tax.
     yang bersifat final. Pajak final yang                    Final tax applied to the gross value of
     dikenakan atas nilai bruto transaksi tetap               transactions is applied even when the parties
     dikenakan walaupun atas transaksi tersebut               carrying the transaction are recognizing
     pelaku transaksi mengalami kerugian.                     losses.

     Pajak final tersebut tidak termasuk dalam                Such final tax is not governed by PSAK 46.
     lingkup yang diatur oleh PSAK 46. Oleh                   Therefore, the Group presented all of the final
     karena itu, Grup memutuskan untuk                        tax arising from interest income as a separate
     menyajikan beban pajak final sehubungan                  line item.
     dengan pendapatan bunga sebagai pos
     tersendiri.

2.w. Akuntansi transaksi syariah                         2.w. Accounting for sharia transactions
     Perseroan     menggunakan      PSAK   108                The Company uses PSAK 108 “Accounting for
     “Akuntansi    untuk    Transaksi  Asuransi               Sharia Insurance Transactions” to record its
     Syariah” untuk mencatat transaksi asuransi               sharia insurance transactions including
     syariahnya termasuk dana peserta. Dana                   participants’   fund.   Participants’  fund
     peserta merupakan dana Tabarru’ dan dana                 represents Tabarru’ fund and temporary
     syirkah     temporer.      Pada    tanggal               syirkah funds. As of December 31, 2023 and
     31 Desember 2023 dan 2022, Grup tidak                    2022, the Company does not have temporary
     memiliki dana syirkah temporer.                          syirkah funds.

     Kontribusi peserta untuk produk asuransi                 Participant’s contribution for sharia insurance
     syariah diakui sebagai pendapatan dana                   product is recognized as Tabarru’ fund income
     Tabarru’ sesuai jangka waktu akad yang                   based on the underlying term of the contract.
     mendasarinya. Dalam laporan laba rugi dan                In the consolidated statement profit or loss
     penghasilan        komprehensif         lain             and other comprehensive income, contribution
     konsolidasian, bagian kontribusi untuk ujroh             part for ujroh (fee) as operator is shown as
     (fee) sebagai pengelola disajikan oleh                   part of “Other operating expenses”.
     Perseroan sebagai bagian dari akun “Beban
     usaha lainnya”.

     Surplus yang dapat didistribusikan akan                  The distributable surplus will be determined
     ditetapkan     berdasarkan      kecukupan                based on whether the contribution received
     kontribusi yang diterima dan hasil investasi             and its related investment return are sufficient
     yang terkait cukup untuk menutup beban                   to cover for the expenses on claims paid and
                                                    41
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    atas pembayaran klaim dan pembentukan                    reserve set up. Any excess, after deducting
    cadangan.    Setiap   kelebihan,  setelah                the portion to repay the loan or qardh from the
    dikurangkan dengan porsi untuk membayar                  Company, if any, will be distributed to the
    pinjaman kepada Perseroan atau qardh, jika               policyholders, to the Company, and to the
    ada, akan dibagikan kepada peserta,                      Tabarru’ fund in accordance with insurance
    Perseroan, dan dana Tabarru’ sesuai                      contract.
    dengan akad kontrak asuransi.

    Ketika dana Tabarru’ tidak mencukupi untuk               When the Tabarru’ fund is insufficient to cover
    menutup klaim yang telah terjadi, Perseroan              all claims incurred, the Company will settle
    akan memberikan qardh (pinjaman tidak                    under qardh (non-bearing interest loans). The
    berbunga) untuk menyelesaikannya. Pada                   qardh is to be repaid first when Tabarru’ fund
    saat dana Tabarru’ memiliki surplus                      have an underwriting surplus before the
    underwriting, maka qardh akan dibayarkan                 Company declares the distributable surplus.
    terlebih     dahulu  sebelum      Perseroan
    menyatakan pembagian surplus yang dapat
    didistribusikan.

    Dalam       laporan    posisi   keuangan                 In the consolidated statement of financial
    konsolidasian, Perseroan menyajikan dana                 position, the Company presents Tabarru’ fund
    Tabarru’ sebagai bagian dari akun “Utang                 as part of “Other payables”.
    lain-lain”.

    Penyisihan teknis diakui pada saat akhir                 Technical reserve is recognized as expense at
    periode pelaporan sebagai beban dalam                    the end of the reporting period in the
    laporan surplus dan defisit underwriting dana            statement of underwriting surplus and deficit
    Tabarru’.                                                of Tabarru’ fund.

    Investasi pada sukuk                                     Investments in sukuk
    Pengakuan dan pengukuran                                 Recognition and measurement
    Sebelum      pengakuan       awal,     Grup              Prior to initial recognition, the Group
    menentukan klasifikasi investasi pada sukuk              determines the classification of investments in
    berdasarkan tujuan investasi Grup.                       sukuk based on the investment objectives of
                                                             the Group.

    Grup menentukan klasifikasi investasi pada               The Group determines the classification of
    sukuk berdasarkan:                                       investments in sukuk by:
    - Biaya perolehan                                        - Acquisition cost
      Investasi tersebut dimiliki dalam suatu                    The investments held within a business
      model usaha yang bertujuan utama untuk                     model whose primary purpose is to obtain
      memperoleh arus kas kontraktual dan                        contractual cash flows and there is a
      terdapat persyaratan kontraktual dalam                     contractual requirement to determine a
      menentukan     tanggal    tertentu   atas                  specific date for the payment of principal
      pembayaran pokok dan atau hasilnya.                        and or result.

      Biaya perolehan sukuk termasuk biaya                       Sukuk     acquisition     cost    including
      transaksi dan selisih antara biaya                         transaction cost and the difference betwen
      perolehan dan nilai nominal diamortisasi                   the acquisition cost and nominal value is
      secara garis lurus selama jangka waktu                     amortized straight-line basis over the term
      sukuk dan diakui dalam laba.                               sukuk and recognized in earnings.
    - Diukur    pada    nilai    wajar   melalui             -   Measured at fair value through other
      penghasilan komprehensif lain                              comprehensive income
      Investasi tersebut dimiliki dalam suatu                    The investment is held within a business
      model      usaha        yang     bertujuan                 model whose primary purpose is to obtain
      terutamauntuk memperoleh arus kas                          contractual require cash flow and selling
      kontraktual dan melakukan penjualan                        sukuk, there is a contractual requirement
                                                    42
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

      sukuk, terdapat persyaratan kontraktual                   to determine a certain date for payment of
      dalam menentukan tanggal tertentu atas                    principal and or the result.
      pembayaran pokok dan atau hasilnya.

      Biaya perolehan sukuk termasuk biaya                      The cost securities include transaction
      transaksi dan selisih antara biaya                        cost and the difference between the
      perolehan dan nilai nominal diamortisasi                  acquisition cost and nominal value is
      secara garis lurus selama jangka waktu                    amortized stright-line basis over the term
      sukuk dan diakui dalam laba.                              sukuk and recognized in earnings.

      Keuntungan        atau     kerugian   dari                Gains or losses from changes in fair value
      perubahan nilai wajar diakui dalam                        recognized in other comprehensive
      penghasilan komprehensif lain setelah                     income after taking into account the
      memperhitungkan saldo selisih biaya                       differences between the cost and the
      perolehan dan nilai nominal yang belum                    balance of the nominal value and the
      diamortisasi     dan     saldo   akumulasi                unamortized balance of accumulated
      keuntungan atau kerugian nilai wajar                      profit or loss of fair value has been
      yang telah diakui dalam penghasilan                       recognized      in       previous        other
      komprehensif lain sebelumnya. Ketika                      comprehensive income. When the sukuk
      investasi sukuk dihentikan pengakuannya,                  investments are derecognized, the
      akumulasi keuntungan atau kerugian                        cumulative gain or loss previously
      yang sebelumnya diakui              dalam                 recognized in other comprehensive
      penghasilan          komprehensif     lain                income is reclassified to profit or loss.
      direklasifikasi ke laba rugi.

    - Diukur pada nilai wajar melalui laba rugi             -   Measured at fair value through profit or
                                                                loss
      Biaya perolehan sukuk tidak termasuk                      Sukuk     acquisition   cost      excluding
      biaya transaksi, dan selisih antara nilai                 transaction cost, and the difference
      wajar dan jumlah tercatat diakui dalam                    between the fair value and the carriying
      laba rugi.                                                amount is recognized in profit or loss.

    Grup mengklasifikasikan investasi sukuk                 The Group classified investments in sukuk as
    sebagai surat berharga yang diukur pada                 at cost securities at the date of the
    biaya perolehan pada tanggal implementasi.              implementation.

    Penyajian                                               Presentation
    Pendapatan investasi dan beban amortisasi               Investment income and amortization expense
    disajikan secara neto dalam laba rugi                   are presented in net amount in the
    konsolidasian.                                          consolidated profit or loss.

    Reklasifikasi                                           Reclassification
    Grup tidak dapat mengubah klasifikasi                   The Group cannot change investment
    investasi, kecuali terdapat perubahan tujuan            classification unless there is a change in the
    model usaha.                                            business model’s purpose.

    Model usaha yang bertujuan untuk                        Business model that is intended to collect
    memperoleh arus kas kontraktual didasarkan              contractual cash flow is based on the
    pada tujuan investasi yang ditentukan oleh              investment purpose set by the Group. The
    Grup. Arus kas kontraktual yang dimaksud                underlying contractual cash flow is the cash
    adalah arus kas bagi hasil dan pokok dari               flow from revenue sharing and principal of
    Sukuk Mudharabah atau arus kas imbalan                  Sukuk Mudharabah or benefit cash flow
    (consideration/ujrah) dari Sukuk Ijarah.                (consideration/ujrah) from Sukuk Ijara. After
    Setelah pengakuan awal, jika arus kas                   initial recognition, if the actual cash flow differs
    aktual berbeda dengan tujuan investasi yang             from the investment purpose initially set by the
    telah ditetapkan, maka Grup menelaah                    Group, then the Group reconsiders the
    kembali konsistensi tujuan investasinya.                consequences of the revised investment
                                                            purpose.
                                                   43
Page 531
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

2.x.   Persediaan                                           2.x. Inventories
       Persediaan mencakup kendaraan bermotor                    Inventories include held-for-sale motor
       yang tersedia untuk dijual, perlengkapan                  vehicles, office supplies and spare parts.
       kantor, dan suku cadang. Kendaraan                        Held-for-sale motor vehicles are used rental
       bermotor yang tersedia untuk dijual                       vehicles which can be sold immediately, and
       merupakan kendaraan bekas sewa yang                       the sales should be highly probable. Motor
       dapat     dijual   dengan     segera,    dan              vehicles which fulfill the criteria of held-for-
       penjualannya harus sangat mungkin terjadi.                sale, are measured at lower carrying amount
       Kendaraan bermotor yang memenuhi kriteria                 and net realizable value. At the point of
       dimiliki untuk dijual diukur pada nilai yang              recognition, the vehicle is no longer
       lebih rendah antara nilai tercatat dan nilai              depreciated.
       realisasi neto. Pada saat pengakuan,
       kendaraan tidak disusutkan lagi.

       Persediaan disajikan sebagai bagian dari                  Inventory is presented as part of “Other
       “Aset lain-lain” dalam laporan posisi                     assets” in the consolidated statement of
       keuangan konsolidasian.                                   financial position.

2.y.   Biaya emisi penerbitan saham                         2.y. Issuance cost on shares issued
       Biaya-biaya emisi yang terjadi sehubungan                 Issuance costs related to offering of shares to
       dengan     penawaran      saham     kepada                the public are deducted directly from the
       masyarakat dikurangkan langsung dari hasil                proceeds and presented as a deduction on
       emisi dan disajikan sebagai pengurang pada                Additional Paid in Capital account, as part of
       akun Tambahan Modal Disetor, sebagai                      Equity in the consolidated statement of
       bagian dari Ekuitas pada laporan posisi                   financial position.
       keuangan konsolidasian.

2.z.   Opsi saham                                           2.z. Share options
       Perusahaan memberikan opsi saham                          The Company granted share options to the
       kepada Direksi dan Komisaris selain                       Boards of Directors and Commissioners other
       komisaris independen dan karyawan kunci                   than independent commissioner and key
       dalam Program Management and Employee                     employees via the Management and
       Stock Option Plan (MESOP).                                Employee Stock Option Plan (MESOP).

       Jumlah biaya kompensasi saham dihitung                    The compensation cost of the option is
       pada tanggal diberikannya opsi saham                      calculated at the grant date of the option using
       dengan menggunakan nilai wajar dari opsi                  the fair value and is recorded under the
       saham tersebut dan diakui pada akun “Gaji,                account “Salaries, Wages and Employee
       Upah dan Kesejahteraan Karyawan” selama                   Benefits” during the vesting period based on
       periode opsi saham berdasarkan program                    the graded vesting scheme. The accumulation
       hak bertingkat (graded vesting scheme).                   of the compensation cost of the option is
       Akumulasi biaya kompensasi saham diakui                   recognized in “Share Options” account and is
       pada akun “Opsi Saham” dan disajikan                      presented as part of Additional Paid in Capital
       sebagai bagian dari akun Tambahan Modal                   in the Equity section.
       Disetor pada bagian Ekuitas.

       Nilai wajar dari opsi saham ditentukan                    The fair value of the share option is computed
       berdasarkan    hasil penilaian aktuaris                   based on the calculation of an independent
       independen dengan menggunakan metode                      actuary using the Black-Scholes method.
       Black-Scholes.

2.aa. Transaksi dengan pihak-pihak berelasi                2.aa. Transactions with related parties
      Grup memiliki transaksi dengan pihak                       The Group has transactions with related
      berelasi, sebagaimana didefinisikan pada                   parties, as defined on PSAK 7 “Related Party
      PSAK 7 “Pengungkapan Pihak-Pihak                           Disclosures”.
      Berelasi”.


                                                      44
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    Pihak berelasi adalah orang atau entitas                    A related party is a person or an entity that is
    yang     terkait    dengan      entitas yang                related to the reporting entity (referred to in
    menyiapkan laporan keuangannya (dalam                       this statement as “reporting entity”):
    pernyataan ini dirujuk sebagai “entitas
    pelapor”):
    a. Orang atau anggota keluarga dekatnya                     a. A person or a close member of that
        mempunyai relasi dengan entitas                            person’s family is related to a reporting
        pelapor jika orang tersebut:                               entity if that person:
        i.     memiliki     pengendalian    atau                   i.   has control or joint control over the
               pengendalian bersama atas entitas                        reporting entity;
               pelapor;
        ii.    memiliki pengaruh signifikan atas                   ii.    has significant influence over the
               entitas pelapor; atau                                      reporting entity; or
        iii. merupakan personil manajemen                          iii.   is a member of the key management
               kunci entitas pelapor atau entitas                         personnel of the reporting entity or of
               induk dari entitas pelapor.                                a parent of the reporting entity.

    b.   Suatu entitas berelasi dengan entitas                  b. An entity is related to the reporting entity if
         pelapor jika memenuhi salah satu hal                      it meets one of the following:
         berikut:
         i.   Entitas dan entitas pelapor adalah                   i.     The entity and the reporting entity are
              anggota dari kelompok usaha yang                            members of the same group (meaning
              sama (artinya entitas induk, entitas                        parent entity, subsidiary entity, and
              anak, dan sesama entitas anak                               fellow subsidiaries is related to each
              saling berelasi dengan entitas                              other);
              lainnya);
         ii.  Satu     entitas    adalah     entitas               ii.    One entity is an associate or joint
              asosiasi atau ventura bersama dari                          venture of the other entity (or an
              entitas lain (atau entitas asosiasi                         associate or joint venture of a member
              atau ventura bersama yang                                   of a group of which the other entity is
              merupakan        anggota        suatu                       a member);
              kelompok usaha, di mana entitas
              lain tersebut adalah anggotanya);
         iii. Kedua entitas tersebut adalah                        iii.   Both entities are joint ventures of the
              ventura bersama dari pihak ketiga                           same third party;
              yang sama;
         iv. Satu entitas adalah ventura                           iv.    One entity is a joint venture of a third
              bersama dari entitas ketiga dan                             entity and the other entity is an
              entitas yang lain adalah entitas                            associate of the third entity;
              asosiasi dari entitas ketiga;
         v. Entitas tersebut adalah suatu                          v.     The entity is a post-employment
              program imbalan pasca kerja untuk                           defined benefit plan for the benefit of
              imbalan kerja dari salah satu                               employees of either the reporting
              entitas pelapor atau entitas yang                           entity, for entity or an entity related to
              terkait dengan entitas pelapor. Jika                        the reporting entity;
              entitas pelapor adalah entitas yang
              menyelenggarakan             program
              tersebut, maka entitas sponsor
              juga berelasi dengan entitas
              pelapor;
         vi. Entitas yang dikendalikan atau                        vi.    The entity is controlled or jointly
              dikendalikan bersama oleh orang                             controlled by a person identified in (a);
              yang diidentifikasi dalam huruf (a);
         vii. Orang yang diidentifikasi dalam                      vii. A person identified in (a) (i) has
              huruf (a) (i) memiliki pengaruh                           significant influence over the entity or
              signifikan    atas    entitas    atau                     is a member of the key management
              merupakan personil manajemen                              personnel of the entity (or of a parent
                                                       45
Page 533
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

                kunci entitas (atau entitas induk                         of the entity); or
                dari entitas); atau
          viii. Entitas,    atau     anggota    dari                 viii. The entity, or any member of a group
                kelompok       di   mana     entitas                       of which it is a part, provides key
                merupakan bagian dari kelompok                             management personnel services to
                tersebut,      menyediakan     jasa                        the reporting entity or to the parent of
                personil manajemen kunci kepada                            the reporting entity.
                entitas pelapor atau kepada entitas
                induk dari entitas pelapor.

      Transaksi pihak berelasi adalah suatu                       A related party transaction is a transfer of
      pengalihan sumber daya, jasa atau                           reasourcea, services or obligations between a
      kewajiban antara entitas pelapor dengan                     reporting entity and a related party, regardless
      pihak-pihak berelasi, terlepas apakah ada                   of whether a prices is charge.
      harga yang dibebankan

      Seluruh transaksi dan saldo yang material                   All significant transactions and balances with
      dengan pihak-pihak berelasi diungkapkan                     related parties are disclosed in the note 39 to
      dalam catatan 39 atas laporan keuangan.                     the financial statements.

      Transaksi dengan pihak berelasi dilakukan                   Transactions with related parties is based on
      berdasarkan persyaratan yang disetujui oleh                 the terms accepted by both parties, which
      kedua belah pihak, yang mungkin tidak                       may not be the same as other transactions
      sama dengan transaksi lain yang dilakukan                   conducted by parties who are not related.
      dengan pihak-pihak yang tidak berelasi.

      Pemegang saham utama Grup adalah                            The     Group's      main    shareholders     are
      PT Pertamina (Persero) yang berada di                       PT Pertamina (Persero) which is controlled by
      bawah pengendalian Pemerintah Republik                      the Indonesian Government, hence all the
      Indonesia, dengan demikian semua instansi                   government agencies, BUMN, BUMD and
      pemerintah, BUMN, BUMD, dan entitas lain                    other entities where the Government has
      dimana Pemerintah memiliki pengendalian                     control or significant influence, either directly
      atau pengaruh signifikan, baik secara                       or indirectly, are related parties of the Group.
      langsung     maupun     tidak   langsung,
      merupakan pihak berelasi dengan Grup.

2.ab. Informasi segmen                                      2.ab. Segments information
      Grup menyajikan informasi segmen sesuai                     The Group presents segment information
      PSAK      5,  “Segmen    Operasi”     yang                  following PSAK 5, “Operating Segment”,
      menyajikan informasi yang lebih rinci untuk                 which provides a more detailed guidance for
      pelaporan segmen usaha dan segmen                           identifying reportable business segments and
      geografis.                                                  geographical segments.

      Grup mengelompokkan kegiatan usahanya                       The Group classifies its line of business into
      ke dalam asuransi dan reasuransi, sewa,                     insurance and reinsurance, rental and related
      dan bisnis terkait, dan lain-lain.                          business, and others.

      Informasi keuangan atas tiap kegiatan usaha                 The financial information based on such lines
      dimanfaatkan oleh Manajemen untuk                           of business is used by Management in
      mengevaluasi kinerja setiap segmen dan                      evaluating the performance of each segment
      menentukan alokasi sumber daya.                             and determining the allocation of resources.

      Pendapatan, beban, hasil, aset, dan liabilitas              Segment revenue, expenses, results, assets,
      segmen termasuk item-item yang dapat                        and liabilities include items directly attributable
      diatribusikan    langsung    kepada    suatu                to a segment as well as those that can be
      segmen      serta    hal-hal   yang    dapat                allocated on a reasonable basis to that
      dialokasikan dengan dasar yang sesuai                       segment. They are determined before the
      kepada      segmen      tersebut.   Segmen                  balances and transactions within Group are
                                                       46
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

      ditentukan sebelum saldo dan transaksi                     eliminated.
      antar Grup, dieliminasi sebagai bagian dari
      proses konsolidasi.

      Dalam hal ini, informasi keuangan atas                     In this regard, the primary financial information
      pelaporan segmen disajikan berdasarkan                     on segment reporting is presented based on
      segmen usaha, karena risiko dan imbalan                    such business segments, since the risks and
      dipengaruhi secara dominan oleh jenis-jenis                rates of return are affected predominantly by
      jasa yang disediakan oleh Grup. Pelaporan                  the types of services provided by the Group.
      segmen kedua ditentukan berdasarkan pada                   The secondary segment reporting is based on
      lokasi geografis.                                          the geographical location.

2.ac. Laba per saham                                       2.ac. Earnings per share
      Laba per saham dihitung dengan membagi                     Basic earnings per share amounts are
      laba tahun berjalan yang dapat diatribusikan               computed by dividing the income for the year
      kepada pemilik entitas induk dengan jumlah                 attributable to owners of the parent entity by
      rata-rata tertimbang saham biasa yang                      the weighted average number of ordinary
      beredar pada tahun yang bersangkutan.                      shares outstanding during the year.

      Laba per saham dilusian dihitung setelah                   Diluted earnings per share is computed after
      melakukan penyesuaian yang diperlukan                      making necessary adjustments to the
      terhadap jumlah rata-rata tertimbang saham                 weighted-average number of ordinary shares
      biasa yang beredar dengan asumsi bahwa                     outstanding assuming the full exercise of
      semua opsi saham dilaksanakan pada saat                    employee stock option at time of issuance.
      penerbitan.

2.ad. Provisi                                              2.ad. Provisions
      Provisi diakui jika Grup memiliki kewajiban                Provisions are recognized when the Group
      kini (baik bersifat hukum maupun bersifat                  have a present obligation (legal or
      konstruktif) sebagai akibat peristiwa masa                 constructive) where, as a result of a past
      lalu, besar kemungkinannya penyelesaian                    event, it is probable that an outflow of
      kewajiban tersebut mengakibatkan arus                      resources embodying economic benefits will
      keluar sumber daya yang mengandung                         be required to settle the obligation and a
      manfaat ekonomi dan estimasi yang andal                    reliable estimate of the amount of the
      mengenai jumlah kewajiban tersebut dapat                   obligation can be made.
      dibuat.

      Provisi ditelaah pada setiap tanggal                       Provisions are reviewed at each reporting
      pelaporan      dan     disesuaikan      untuk              date and adjusted to reflect the current best
      mencerminkan estimasi terbaik yang paling                  estimate. If it is no longer probable that an
      kini. Jika tidak lagi terdapat kemungkinan                 outflow of resources embodying economic
      arus keluar sumber daya yang mengandung                    benefits will be required to settle the
      manfaat ekonomi untuk menyelesaikan                        obligation, the provision is reversed.
      kewajiban tersebut, provisi dibatalkan.

2.ae. Kontinjensi                                          2.ae. Contingencies
      Liabilitas kontinjensi diungkapkan, kecuali                Unless the possibilty of an outflow of
      jika arus keluar sumber daya yang                          resources embodying economic benefits is
      mengandung           manfaat       ekonomi                 remote, contingent liabilities are disclosed.
      kemungkinannya kecil (remote). Aset                        Contingent assets are not recognized in the
      kontinjensi tidak diakui dalam laporan                     consolidated   financial     statements   but
      keuangan konsolidasian, tetapi diungkapkan                 disclosed when an inflow of economic benefits
      jika terdapat kemungkinan besar (probable)                 is probable.
      arus masuk manfaat ekonomi.




                                                      47
Page 535
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

3.     Sumber Estimasi Dan Ketidakpastian                    3. Source Of Estimation And Uncertainty
       Penyusunan         laporan          keuangan             The preparation of the Group is consolidated
       konsolidasian     Grup        mengharuskan               financial statements requires management to
       manajemen untuk membuat pertimbangan,                    make judgments, estimates and assumptions
       estimasi dan asumsi yang memengaruhi                     that affect the reported amounts of revenues,
       jumlah yang dilaporkan dari pendapatan,                  expenses, assets and liabilities, and the
       beban,     aset    dan     liabilitas,   dan             disclosure of contingent liabilities, at the end
       pengungkapan atas liabilitas kontinjensi,                of the reporting year. Uncertainty about these
       pada akhir tahun pelaporan. Ketidakpastian               assumptions and estimates could result in
       mengenai asumsi dan estimasi tersebut                    outcomes that require a material adjustment
       dapat mengakibatkan penyesuaian material                 to the carrying amount of the asset and
       terhadap nilai tercatat aset dan liabilitas              liability affected in future years.
       dalam tahun pelaporan berikutnya.
3.a.   Pertimbangan                                         3.a. Judgments
       Pertimbangan berikut ini dibuat oleh                      The following judgments are made by
       Manajemen dalam rangka penerapan                          Management in the process of applying the
       kebijakan akuntansi Grup yang memiliki                    Group accounting policies that have the most
       pengaruh paling signifikan atas jumlah yang               significant effects on the amounts recognized
       diakui     dalam      laporan     keuangan                in the consolidated financial statements:
       konsolidasian:
       Klasifikasi produk                                       Product classifications
       Berdasarkan PSAK 62, “Kontrak Asuransi”,                 Based on PSAK 62, “Insurance Contract”,
       Grup harus mengklasifikasi kontraknya                    Group should classify its contracts into
       menjadi kontrak asuransi atau kontrak                    insurance contract or investment contract.
       investasi. Manajemen telah menganalisis                  Management had assessed and concluded
       dan menyimpulkan bahwa seluruh kontrak                   that all the contracts issued by the Group are
       yang diterbitkan oleh Grup adalah kontrak                insurance contracts.
       asuransi.
       Klasifikasi aset dan liabilitas keuangan                 Classification of financial assets and liabilities
       Grup menetapkan klasifikasi atas aset dan                The Group determines the classifications of
       liabilitas tertentu sebagai aset keuangan dan            certain assets and liabilities as financial
       liabilitas           keuangan          dengan            assets and financial liabilities by judging if
       mempertimbangkan bila definisi yang                      they meet the definition set forth in PSAK 55.
       ditetapkan PSAK 55 dipenuhi. Dengan                      Accordingly, the financial assets and financial
       demikian, aset keuangan dan liabilitas                   liabilities are accounted for in accordance with
       keuangan diakui sesuai dengan kebijakan                  the Group reffered to accounting policies
       akuntansi Grup seperti diungkapkan pada                  disclosed in Note 2f.
       Catatan 2f.
       Pajak penghasilan                                        Income tax
       Pertimbangan signifikan dilakukan dalam                  Significant judgment is involved in determining
       menentukan provisi atas pajak penghasilan                the provision for corporate income tax. There
       badan. Terdapat transaksi dan perhitungan                are certain transactions and computation for
       tertentu yang penentuan pajak akhirnya                   which the ultimate tax determination is
       adalah tidak pasti sepanjang kegiatan usaha              uncertain during the ordinary course of
       normal. Grup mengakui liabilitas atas pajak              business. The Group recognizes liabilities for
       penghasilan badan berdasarkan estimasi                   expected corporate income tax issues based
       apakah akan terdapat tambahan pajak                      on estimates of whether additional corporate
       penghasilan badan.                                       income tax will be due.
       Pertimbangan signifikan juga dilakukan                   Significant judgment is also involved to
       dalam menentukan jumlah aset pajak                       determine the amount of deferred tax assets
       tangguhan yang dapat diakui, berdasarkan                 that can be recognized, based upon the likely
       waktu dan tingkat keuntungan masa depan                  timing and the level of future taxable profits
       dan strategi perencanaan pajak.                          together with future tax planning strategies.
                                                       48
Page 536
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

     Penentuan mata uang fungsional                             Determination of functional currency
     Mata uang fungsional dari Grup adalah mata                 The functional currency of the Group is the
     uang dari lingkungan ekonomi primer                        currency of the primary economic environment
     dimana entitas beroperasi. Mata uang                       in which each entity operates. It is the
     tersebut    adalah   mata     uang    yang                 currency that mainly influences the revenue
     memengaruhi pendapatan dan beban dari                      and cost of rendering services.
     jasa yang diberikan.

3.b. Estimasi dan Asumsi                                   3.b. Estimates and Assumptions
     Asumsi utama masa depan dan sumber                         The key assumptions concerning the future
     utama estimasi ketidakpastian lain pada                    and other key sources of estimation
     akhir tahun pelaporan yang memiliki risiko                 uncertainty at end of reporting year that has a
     signifikan bagi penyesuaian yang material                  significant risk of causing a material
     terhadap nilai tercatat aset dan liabilitas                adjustment to the carrying amounts of assets
     untuk tahun berikutnya diungkapkan di                      and liabilities within the next financial year are
     bawah ini.                                                 disclosed below.

     Grup mendasarkan asumsi dan estimasi                       The Group based its assumptions and
     pada parameter yang tersedia pada saat                     estimates on parameters available when the
     laporan keuangan konsolidasian disusun.                    consolidated financial statements were
     Asumsi dan situasi mengenai perkembangan                   prepared.   Existing   circumstances    and
     masa depan mungkin berubah akibat                          assumptions about future developments may
     perubahan pasar atau situasi di luar kendali               change due to market changes or
     Grup. Perubahan tersebut dicerminkan                       circumstances arising beyond the control of
     dalam asumsi terkait pada saat terjadinya.                 the Group. Such changes are reflected in the
                                                                assumptions when they occur.

     Penyisihan kerugian penurunan nilai                        Allowance for impairment losses
     Grup meninjau kembali piutang premi dan                    The Group reviews premium and cession
     sesi, piutang reasuransi dan retrosesi dan                 receivables,       retrocession      receivables,
     aset keuangan lainnya yang dimiliki pada                   reinsurance receivable and other financial
     setiap tanggal pelaporan untuk menilai                     assets at each reporting date to assess
     apakah penurunan nilai harus diakui dalam                  whether impairment should be recognized in
     laba rugi konsolidasian. Secara khusus,                    the consolidated profit or loss. In particular,
     justifikasi manajemen diperlukan dalam                     justification by management is required to
     mengestimasi jumlah dan waktu arus kas di                  estimate the amount and timing of future cash
     masa mendatang ketika menentukan                           flows when determining impairment. In the
     penurunan nilai. Dalam estimasi arus kas ini,              estimation of cash flows, the Group makes the
     Grup membuat justifikasi tentang situasi                   justification of the insurer's financial situation.
     keuangan tertanggung atau entitas asuransi.                These estimates are based on assumptions
     Estimasi-estimasi ini didasarkan pada                      about a number of factors and actual results
     asumsi-asumsi tentang sejumlah faktor dan                  may differ, as reflected in changes in the
     hasil aktual mungkin berbeda, seperti yang                 provision for impairment in the future.
     tercermin dalam perubahan penyisihan
     kerugian penurunan nilai tersebut di masa
     datang.

     Aset reasuransi                                            Reinsurance assets
     Aset yang timbul dari kontrak reasuransi dan               Assets arising from reinsurance and
     retrosesi      juga     dihitung      dengan               retrocession contracts are also computed
     menggunakan metode di atas. Selain itu,                    using the methods above. In addition, the
     pemulihan aset ini dinilai secara periodik                 recoverability of these assets is assessed on
     untuk     memastikan    bahwa      jumlahnya               a periodic basis to ensure that the balance is
     mencerminkan jumlah yang pada akhirnya                     reflective of the amounts that will ultimately be
     akan diterima, mempertimbangkan faktor-                    received, taking into consideration factors
     faktor seperti counterparty dan risiko kredit.             such as counterparty and credit risk.
     Penurunan nilai diakui di mana terdapat                    Impairment is recognized when there is

                                                      49
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    bukti objektif bahwa Grup tidak dapat                    objective evidence that the Group may not
    menerima jumlah yang terutang untuk itu                  receive amounts due to it and these amounts
    dan jumlah ini dapat diukur secara andal.                can be reliably measured.

    Konsolidasian reksadana                                  Consolidated mutual funds
    Grup mengonsolidasikan investasi dalam                   Mutual funds investments in which the Group
    reksadananya         ketika    mempunyai                 has a controling interest are consolidated.
    pengendalian.     Pertimbangan  signifikan               Significant    judgement    is involved   in
    digunakan untuk menentukan apakah Grup                   determining whether or not the Group has
    mempunyai pengendalian atas reksadana                    control over the mutual funds.
    tersebut atau tidak.

    Penyusutan aset tetap                                    Depreciation of fixed assets
    Aset tetap, kecuali tanah, disusutkan dengan             The fixed assets, except land, are depreciated
    menggunakan        metode       garis   lurus            on a straight-line method over their estimated
    berdasarkan     estimasi     masa     manfaat            useful lives. Management properly estimates
    ekonomisnya. Manajemen mengestimasi                      the useful lives of these fixed assets except
    masa manfaat ekonomis aset tetap, kecuali                land, to be within 4 to 20 years. Changes in
    tanah, antara 4 sampai dengan 20 tahun.                  the expected level of usage and technological
    Perubahan      tingkat     pemakaian     dan             development could impact the economic
    perkembangan           teknologi       dapat             useful lives and the residual values of these
    memengaruhi masa manfaat ekonomis dan                    assets, and therefore future depreciation
    nilai sisa aset, dan karenanya biaya                     charges could be revised.
    penyusutan masa depan mungkin direvisi.

    Estimasi klaim                                           Estimated claims
    Perseroan dan entitas anak (TIC dan TRI)                 The Company and subsidiaries (TIC and TRI)
    wajib     membentuk     cadangan      untuk              are required to establish reserves for payment
    pembayaran klaim yang timbul. Cadangan                   of claim that arise. These reserves represent
    ini merupakan biaya yang diharapkan untuk                the expected ultimate cost to settle claims
    menyelesaikan klaim yang telah terjadi,                  occurring prior to, but still outstanding as at
    tetapi masih dalam proses pada tanggal                   the consolidated statement of financial
    laporan posisi keuangan konsolidasian. Grup              position date. The Group establishes its
    menetapkan cadangan berdasarkan jenis                    reserves by product line, type and extent of
    produk, jenis dan periode penjaminan dan                 coverage and year of occurrence. There are
    tahun kejadian. Ada dua kategori cadangan:               two categories of reserve: reserves for
    cadangan untuk klaim yang sudah                          reported losses and reserves for incurred but
    dilaporkan dan cadangan untuk klaim yang                 not reported (“IBNR”) losses.
    sudah terjadi tetapi belum dilaporkan
    (“IBNR”).

    Cadangan Grup untuk klaim yang sudah                     The Group reserves for reported losses are
    dilaporkan   adalah   berdasarkan    pada                based on estimates of future payments to
    estimasi pembayaran di masa mendatang                    settle reported claims. The Group bases such
    untuk menyelesaikan klaim yang sudah                     estimates on the facts available at the time the
    dilaporkan. Grup membuat estimasi tersebut               reserves are established.
    berdasarkan pada fakta-fakta yang tersedia
    pada saat cadangan ditetapkan.

    Cadangan untuk klaim yang terjadi tetapi                 The provision for incurred but not reported
    belum    dilaporkan  (IBNR)     dihitung                 (IBNR) is calculated using insurance technical
    menggunakan metode teknis asuransi                       method based on actuarial assumptions.
    dengan menggunakan asumsi aktuaria.




                                                    50
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    Pengujian kecukupan liabilitas                            Liability adequacy testing
    Pengujian kecukupan liabilitas asuransi yang              The liability adequacy testing consists of
    meliputi reviu atas cadangan premi dan                    review on premium reserve and claim reserve
    cadangan klaim telah dilakukan dengan                     has been perform using actuary technical
    menggunakan perhitungan teknik aktuarial                  method which is using the future actuarial
    dimana digunakan asumsi dan estimasi                      assumptions and estimations.
    aktuarial masa depan.

    Berdasarkan hasil tes kecukupan liabilitas                Based on liability adequacy testing at the
    pada tanggal pelaporan, liabilitas yang                   reporting date, the Group’s liabilities are
    dicatat oleh Grup telah memadai. Oleh                     adequate. Therefore, no insurance liability
    karena itu, tidak terdapat kekurangan                     deficiency to be charged into the current
    liabilitas asuransi yang dibebankan ke laba               year’s consolidated profit or loss.
    rugi konsolidasian tahun berjalan.

    Liabilitas imbalan kerja                                  Employee benefits liabilities
    Nilai kini liabilitas imbalan kerja tergantung            The present value of the employee benefits
    pada sejumlah faktor yang ditentukan                      obligation depends on a number of factors
    dengan menggunakan asumsi aktuarial.                      that are determined on an actuarial basis
    Asumsi yang digunakan dalam menentukan                    using a number of assumptions. The
    biaya neto untuk pensiun termasuk tingkat                 assumptions used in determining the net cost
    pengembalian         jangka    panjang    yang            for pensions include the expected long-term
    diharapkan atas aset program, tingkat                     rate of return on the relevant plan assets, the
    diskonto yang relevan, tingkat kenaikan gaji,             discount rate future salary increases, mortality
    tingkat kematian, tingkat pengunduran diri                rate, resignation rate and others. Any changes
    dan lain-lain. Setiap perubahan dalam                     in these assumptions will impact the carrying
    asumsi ini akan berdampak pada nilai                      amount of employee benefits obligation.
    tercatat liabilitas imbalan kerja.

    Asumsi     tingkat   pengembalian    yang                 The expected return on plan assets
    diharapkan atas aset program ditentukan                   assumption is determined on a uniform basis,
    secara           seragam,          dengan                 taking into consideration long-term historical
    mempertimbangkan pengembalian historis                    returns, asset allocation and future estimates
    jangka panjang, alokasi aset dan perkiraan                of long-term investment returns.
    masa depan atas pengembalian investasi
    jangka panjang.

    Nilai wajar instrumen keuangan                            Fair value of financial instruments
    Grup mengungkapkan aset dan liabilitas                    The Group discloses certain financial assets
    keuangan tertentu pada nilai wajar, yang                  and liabilities at their fair values, which
    mengharuskan        penggunaan     estimasi               requires the use of accounting estimates.
    akuntansi. Sementara komponen signifikan                  While significant components of fair value
    atas pengukuran nilai wajar ditentukan                    measurement         were     determined     using
    menggunakan bukti objektif yang dapat                     verifiable objective evidences, the amount of
    diverifikasi, jumlah perubahan nilai wajar                changes in fair values would differ if the Group
    dapat berbeda bila Grup menggunakan                       utilized different valuation methodology.
    metodologi penilaian yang berbeda.

    Penurunan nilai aset non-keuangan                         Impairment in value of non-financial assets
    Dalam mengidentifikasi terdapat atau                      In identifying whether there is an impairment
    tidaknya penurunan nilai aset, Grup                       over asset or not, the Group considers the
    mempertimbangkan hal-hal berikut ini:                     following matters:
    i.   terdapat bukti mengenai keusangan                    i.    there is evidence of obsolescence or
         atau kerusakan fisik aset;                                 physical damage to assets;
    ii. telah atau akan terjadi perubahan                     ii. has or will occur detrimental to significant
         signifikan yang bersifat merugikan                         changes with respect to how the assets
         sehubungan dengan cara penggunaan                          used;
         aset;
                                                     51
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    iii.   terdapat bukti bahwa kinerja ekonomi              iii.   there is evidence that the economic
           aset tidak memenuhi harapan atau lebih                   performance of the asset does not meet
           buruk dari yang diharapkan; dan                          expectations or worse than expected;
                                                                    and
    iv.    arus kas aktual secara material lebih             iv.    actual cash flow is materially smaller than
           kecil dari arus kas estimasi, sebelum                    the estimated cash flow, before discount
           diperhitungkan diskonto.                                 taken into account.

    Sewa                                                     Leases
    Berdasarkan penelaahan yang dilakukan                    Based on the review performed by the
    oleh Perseroan atas perjanjian-perjanjian                Company for the existing agreements,
    yang ada, transaksi sewa tersebut                        accordingly, the rent transactions were
    diklasifikasikan sebagai sewa operasi dan                classified as operating lease and finance
    sewa pembiayaan.                                         lease.

    Sewa - Klasifikasi sewa properti – Kelompok              Leases - Property lease classification – Group
    Usaha sebagai lessor                                     as lessor
    Grup telah menandatangani sewa properti                  The Group has entered into commercial
    komersial     atas     portofolio    properti            property leases on its investment property
    investasinya. Grup telah menentukan,                     portfolio. The Group has determined, based
    berdasarkan evaluasi terhadap syarat dan                 on an evaluation of the terms and conditions
    ketentuan pengaturan, seperti masa sewa                  of the arrangements, such as the lease term
    yang bukan merupakan bagian utama dari                   not constituting a major part of the economic
    kehidupan ekonomi dari properti komersial                life of the commercial property and the
    dan nilai sekarang dari pembayaran sewa                  present value of the minimum lease payments
    minimum yang tidak berjumlah secara                      not amounting to substantially all of the fair
    substansial seluruhnya dari nilai wajar                  value of the commercial property, that it
    properti komersial, bahwa ia memiliki secara             retains substantially all the risks and rewards
    substansial semua risiko dan manfaat yang                incidental to ownership of these properties
    terkait dengan kepemilikan properti tersebut             and accounts for the contracts as operating
    dan mencatat kontrak sebagai sewa operasi.               leases.

    Sewa - Memperkirakan suku bunga                          Leases - Estimating the incremental borrowing
    pinjaman tambahan                                        rate
    Grup tidak dapat langsung menentukan                     The Group cannot readily determine the
    tingkat bunga implisit dalam sewa, oleh                  interest rate implicit in the lease, therefore, it
    karena itu, Grup menggunakan suku bunga                  uses its incremental borrowing rate (IBR) to
    pinjaman tambahan (IBR) untuk mengukur                   measure lease liabilities. The IBR is the rate
    liabilitas sewa. IBR adalah tingkat bunga                of interest that the Group would have to pay to
    yang harus dibayar oleh Grup untuk                       borrow over a similar term, and with a similar
    meminjam dengan syarat yang sama, dan                    security, the funds necessary to obtain an
    dengan jaminan serupa, dana yang                         asset of a similar value to the right-of-use
    diperlukan untuk memperoleh aset dengan                  asset in a similar economic environment.
    nilai yang sama dengan aset hak guna
    dalam lingkup ekonomi yang serupa.

    Oleh karena itu, IBR mencerminkan apa                    The IBR therefore reflects what the Group
    yang 'harus dibayar' oleh Grup, yang                     ‘would have to pay’, which requires estimation
    memerlukan       estimasi   ketika   tidak               when no observable rates are available (such
    tersedianya tingkat suku bunga yang dapat                as for subsidiaries that do not enter into
    diobservasi (seperti untuk entitas-entitas               financing transactions) or when they need to
    anak yang tidak mengadakan transaksi                     be adjusted to reflect the terms and conditions
    pembiayaan) atau ketika perlu disesuaikan                of the lease (for example, when leases are not
    untuk mencerminkan syarat dan ketentuan                  in the subsidiary’s functional currency). The
    dari sewa (misalnya, ketika sewa tidak                   Group estimates the IBR using observable
    dalam mata uang fungsional entitas anak).                inputs (such as market interest rates) when
    Grup mengestimasi IBR menggunakan input                  available and is required to make certain

                                                    52
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

     yang dapat diamati (seperti tingkat suku                       entity-specific estimates (such as                 the
     bunga pasar) jika tersedia dan diperlukan                      subsidiary’s stand-alone credit rating).
     untuk membuat estimasi spesifik entitas
     tertentu (seperti peringkat kredit entitas anak
     yang berdiri sendiri).


4.   Kas dan Bank                                                4. Cash On Hand and In Banks
                                                 2023                2022
                                                  Rp                  Rp
     Kas                                                                                                 Cash on hand
     Rupiah                                         64,922              62,387                                  Rupiah
     Dolar Hongkong                                 61,315              72,866                         Hongkong Dollar
     Jumlah kas                                    126,237             135,253                      Total cash on hand
     Bank                                                                                                 Cash in banks
     Pihak berelasi (Catatan 39)               303,107,902         534,690,138                Rel at ed part i es (Not e 39)
     Pihak ketiga                                                                                       T hi rd part i es
     Rupiah                                                                                                     Rupiah
     Citibank NA                                15,762,333          12,486,792                           Citibank NA
     PT Bank Central Asia Tbk                   10,281,169           1,965,460              PT Bank Central Asia Tbk
     PT Bank Muamalat Indonesia Tbk              4,509,387           2,305,159        PT Bank Muamalat Indonesia Tbk
     PT Bank Maybank Indonesia Tbk               2,326,378           2,354,476        PT Bank Maybank Indonesia Tbk
     PT Bank KB Bukopin Tbk                      1,333,688           4,424,206               PT Bank KB Bukopin Tbk
     PT IBK Indonesia Tbk                          524,474                   --                     PT Bank IBK Tbk
     PT Bank BCA Syariah                           170,789                   --                 PT Bank BCA Syariah
     PT Bank CIMB Niaga Tbk                        168,207             117,880               PT Bank CIMB Niaga Tbk
     PT Bank Mega Syariah                          119,411             135,390                 PT Bank Mega Syariah
     PT Bank Permata Tbk                            77,327              77,045                  PT Bank Permata Tbk
     Dolar Amerika Serikat                                                                         United States Dollar
     Citibank NA                                97,072,348           4,063,064                             Citibank NA
     PT Bank Mega Tbk                           64,815,002              26,631                     PT Bank Mega Tbk
     PT Bank Sinarmas Tbk                       15,063,826           2,625,306                  PT Bank Sinarmas Tbk
     Dah Sing Bank Ltd                          14,940,964          25,842,399                      Dah Sing Bank Ltd
     Lloyds Bank                                 4,263,630          14,486,049                            Lloyds Bank
     PT Bank CIMB Niaga Tbk                        100,536             104,849                PT Bank CIMB Niaga Tbk
     Poundsterling Inggris                                                                   Great Britain Poundsterling
     Lloyds Bank                                   692,537             750,207                              Lloyds Bank
     Yen Jepang                                                                                            Japanese Yen
     Citibank NA                                 1,754,613           1,763,935                               Citibank NA
     Dolar Singapura                                                                                    Singapore Dollar
     Citibank NA                                       73,256           72,927                              Citibank NA
     Euro                                                                                                            Euro
     Citibank NA                                   573,210             558,933                                Citibank NA
     Sub-jumlah                                234,623,085          74,160,708                                  Sub-total
     Jumlah bank                               537,730,987         608,850,846                       Total cash in bank
     Jumlah kas dan bank                       537,857,224         608,986,099        Total cash on hand and in bank


     Saldo kas dan bank pada 31 Desember                            As of December 31, 2023 and 2022, cash on
     2023 dan 2022, pada Unit Bisnis Syariah                        hand and in bank in Sharia Business Unit
     masing-masing     adalah        sebesar                        amounted      to     Rp32,717,537     and
     Rp32.717.537 dan Rp34.566.866 (Catatan                         Rp34,566,866, respectively (Note 44).
     44).

     Lihat Catatan 39 untuk rincian saldo dan                       Refer to Note 39 for details of related parties
     transaksi pihak berelasi.                                      balances and transactions.

                                                         53
Page 541
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

5.   Investasi                                                   5. Investments

     a.   Deposito berjangka                                       a.     Time deposits

                                                2023                     2022
                                                 Rp                       Rp

          Pihak berelasi (Catatan 39)         2,548,909,034             1,565,826,313          Related parties (Note 39)
          Pihak ketiga                                                                                    Third parties
          Rupiah                                                                                                 Rupiah
          PT Bank Mega Tbk                      155,250,000               45,445,000                 PT Bank Mega Tbk
          PT Bank Mega Syariah                   16,000,000               11,000,000             PT Bank Mega Syariah
          PT Bank KB Bukopin Tbk                 10,500,000                7,500,000           PT Bank KB Bukopin Tbk
          PT Bank CIMB Niaga Tbk                  5,600,000                2,925,000           PT Bank CIMB Niaga Tbk
          PT Bank Danamon Indonesia Tbk           5,000,000                2,000,000    PT Bank Danamon Indonesia Tbk
          PT Bank Panin Dubai Syariah Tbk         3,500,000                3,500,000    PT Bank Panin Dubai Syariah Tbk
          PT Bank BTPN Syariah Tbk                3,000,000                3,000,000         PT Bank BTPN Syariah Tbk
          PT Bank Permata Tbk                     2,000,000                        --             PT Bank Permata Tbk
          PT Bank Maybank                                                                             PT Bank Maybank
            Indonesia Tbk                           1,500,000              1,500,000                   Indonesia Tbk
          PT Bank BCA Syariah                       1,000,000                      --             PT Bank BCA Syariah
          PT Bank KB Bukopin Syariah                        --             5,500,000        PT Bank KB Bukopin Syariah
          Dolar Amerika Serikat                                                                    United States Dollar
          Dah Sing Bank Ltd                     112,961,539               87,661,521                 Dah Sing Bank Ltd
          PT Bank Permata Tbk                    63,205,600                        --             PT Bank Permata Tbk
          PT Bank Mega Tbk                       46,248,000               53,092,125                PT Bank Mega Tbk
          Dolar Singapura                                                                            Singapore Dollar
          PT Bank Danamon Indonesia Tbk             1,178,431              1,170,799    PT Bank Danamon Indonesia Tbk
          Dolar Hongkong                                                                               Hongkong Dollar
          Dah Sing Bank Ltd                      84,685,946               26,630,819                  Dah Sing Bank Ltd
          Poundsterling Inggris                                                               Great Britain Poundsterling
          Dah Sing Bank Ltd                      19,560,970               19,962,895                  Dah Sing Bank Ltd
          Jumlah pihak ketiga                   531,190,486              270,888,159                  Total third parties
          Jumlah deposito berjangka           3,080,099,520             1,836,714,472                Total time deposit


                                                2023                     2022
                                                 %                        %
          Tingkat suku bunga per                                                                        Interest rate per
            tahun:                                                                                             annum:
              Rupiah                        2.00% - 7.67%          1.95% - 5.90%                             Rupiah
              Dolar Amerika Serikat          0.75% - 5.8%          0.20% - 3.00%                          US Dollar
              Dolar Singapura               0.25% - 1.25%          0.25% - 0.50%                    Singapore Dollar
              Hongkong Dollar                2.98%-4.60%               0.85%                        Hongkong Dollar


          Jumlah deposito berjangka pada                                  Time deposits as of December 31, 2023
          31 Desember 2023 dan 2022, di Unit                              and 2022 in Sharia Business Unit
          Bisnis    Syariah    adalah   sebesar                           amounted     to   Rp43,239,400       and
          Rp43.239.400      dan    Rp39.826.025                           Rp39,826,025, respectively (Note 44).
          (Catatan 44).

          Pada tanggal 31 Desember 2023,                                  As of December 31, 2023, included in
          termasuk dalam deposito berjangka                               time deposits are statutory funds of
          adalah dana jaminan yang dimiliki oleh                          sharia business unit amounting to
          unit bisnis syariah sebesar Rp5.000.000                         Rp5,000,000 (2022: Rp5,000,000).
          (2022: Rp5.000.000).




                                                       54
Page 542
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)

    b.   Efek-efek                                                               b.     Marketable securities
                                                               2023                    2022
                                                                Rp                      Rp
         Pihak berelasi (catatan 39)                                                                                   Related parties (note 39)
         Nilai wajar melalui laba rugi                                                                         Fair value through profit or loss
         Saham                                                  50,545,416              50,034,412                                       Shares
         Obligasi                                                        --            345,053,504                                        Bonds
         Reksadana                                             119,623,737              41,557,904                                 Mutual funds
                                                               170,169,153             436,645,820
         Tersedia untuk dijual                                                                                                  Available-for-sale
         Saham                                                  76,168,130               95,331,079                                        Shares
         Obligasi                                            4,547,337,890            3,163,988,470                                         Bonds
         Reksadana                                             304,864,746              233,211,805                                  Mutual funds
                                                             4,928,370,766            3,492,531,354
         Sub-jumlah - pihak berelasi                         5,098,539,919            3,929,177,174                  Sub total - related parties
         Pihak ketiga                                                                                                                 Third parties
         Nilai wajar melalui laba rugi                                                                         Fair value through profit or loss
         Saham                                                  85,758,146             107,992,898                                       Shares
         Reksadana                                             143,072,853             160,729,795                                 Mutual funds
                                                               228,830,999             268,722,693
         Tersedia untuk dijual                                                                                                  Available-for-sale
         Saham                                                  56,202,265              83,152,561                                         Shares
         Obligasi                                              230,386,856             198,600,029                                          Bonds
         Reksadana                                             457,439,326             516,694,647                                   Mutual funds
                                                               744,028,447             798,447,237
         Sub-jumlah - pihak ketiga                             972,859,446            1,067,169,930                     Sub-total - third parties
         Jumlah efek-efek                                    6,071,399,365            4,996,347,104                Total marketable securities

         i.   Saham                                                                          i. Shares

              Saham yang dimiliki adalah saham                                                 The shares are listed in the capital
              perusahaan-perusahaan        yang                                                market, with details as follows:
              tercatat di pasar modal, dengan
              rincian sebagai berikut:
                                                                  31 Desember/December 31, 2023
                                                        Jumlah Saham/    Biaya Perolehan/    Nilai Wajar/
                                                       Number of Shares        Cost          Fair Value
               Nilai wajar melalui laba rugi                                                                         Fair value through profit or loss
               Pihak berelasi (catatan 39)                                                        50,545,416                 Related parties (note 39)
               Pihak ketiga                                                                                                                Third parties
               Rupiah                                                                                                                            Rupiah
               PT Bank Central Asia Tbk                        1,253,100         8,582,138        11,779,137                  PT Bank Central Asia Tbk
               PT Astra International Tbk                        944,900         6,641,733         5,338,685                 PT Astra International Tbk
               PT Ciputra Development Tbk                      2,272,600         3,227,067         2,658,942              PT Ciputra Development Tbk
               PT Kalbe Farma Tbk                              1,219,200         2,025,593         1,962,912                       PT Kalbe Farma Tbk
               PT Summarecon Agung Tbk                         2,819,500         4,422,511         1,621,213               PT Summarecon Agung Tbk
               PT Total Bangun Persada Tbk                     3,911,100         3,317,130         1,470,574             PT Total Bangun Persada Tbk
               PT Barito Pacific Tbk                           1,098,724         1,099,688         1,461,303                       PT Barito Pacific Tbk
               PT Sumber Alfaria Trijaya Tbk                     475,100         1,408,038         1,392,043             PT Sumber Alfaria Trijaya Tbk
               PT Merdeka Copper Gold Tbk                        489,099         1,586,893         1,320,567             PT Merdeka Copper Gold Tbk
               PT Adaro Energy Indonesia Tbk                     553,500         1,629,672         1,317,330           PT Adaro Energy Indonesia Tbk
               PT Charoen Pokphand Indonesia Tbk                 260,600         1,531,491         1,309,515      PT Charoen Pokphand Indonesia Tbk
               PT Bumi Serpong Damai Tbk                         995,600         2,060,846         1,075,248              PT Bumi Serpong Damai Tbk
               PT United Tractors Tbk                             39,700         1,069,972           898,213                    PT United Tractors Tbk
               PT Matahari Department Store Tbk                  358,300         5,277,128           716,600        PT Matahari Department Store Tbk
               PT Sarana Menara Nusantara Tbk                    650,000           732,973           643,500         PT Sarana Menara Nusantara Tbk
               PT Unilever Indonesia Tbk                          72,800           583,836           256,984                 PT Unilever Indonesia Tbk
               PT International Nickel Indonesia Tbk              52,300           366,081           225,413      PT International Nickel Indonesia Tbk
               PT Indofood Sukses Makmur Tbk                      25,000           195,567           161,250          PT Indofood Sukses Makmur Tbk




                                                                    55
Page 543
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                             AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                       FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                   December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)

                                                              31 Desember/December 31, 2023
                                                    Jumlah Saham/    Biaya Perolehan/    Nilai Wajar/
                                                   Number of Shares        Cost          Fair Value
            PT Bakrieland Development Tbk                 4,444,400            399,996          155,554            PT Bakrieland Development Tbk
            PT Matahari Putra Prima Tbk                   1,676,600          3,956,428          108,979               PT Matahari Putra Prima Tbk
            PT Astra Agro Lestari Tbk                             99             1,131                695                PT Astra Agro Lestari Tbk
            PT Truba Alam Manunggal                                                                                     PT Truba Alam Manunggal
             Engineering Tbk                                 410,500               411               411                        Engineering Tbk
            PT Sitara Propertindo Tbk                             50                 6                 --                PT Sitara Propertindo Tbk
            Dolar Hongkong                                                                                                         Hongkong Dollar
            AIA                                              110,000        10,687,834         14,772,072                                     AIA
            Power Assets Holdings Ltd                         83,000         7,961,314          7,411,690               Power Assets Holdings Ltd
            Bank Of China Ltd - H Shares                   1,050,000         7,523,449          6,174,846            Bank Of China Ltd - H Shares
            China Life Insurance Co Ltd                      250,000        11,383,026          4,992,765              China Life Insurance Co Ltd
            China Construction Bank Corporation              450,000         6,527,865          4,129,391     China Construction Bank Corporation
            Regal Real Estate Investment Trust             2,765,000        13,128,878          3,328,477      Regal Real Estate Investment Trust
            Link Real Estate Investment Trust                 33,000         4,934,815          2,855,644        Link Real Estate Investment Trust
            Agricultural Bank Of China Ltd                   300,000         1,907,346          1,782,003            Agricultural Bank Of China Ltd
            Hong Kong Exchanges and Clearing Ltd               3,000         2,928,104          1,586,634   Hong Kong Exchanges and Clearing Ltd
            MTR Corporation Ltd                               26,000         2,381,287          1,554,664                      MTR Corporation Ltd
            New World Development Co Ltd                      54,139         4,502,104          1,294,892          New World Development Co Ltd
            Sub-jumlah                                                                         85,758,146                                 Sub-total
            Jumlah nilai wajar melalui laba rugi                                             136,303,562    Total fair value through profit or loss
            Tersedia untuk dijual                                                                                               Available-for-sale
            Pihak berelasi (catatan 39)                                                        76,168,130                Related parties (note 39)
            Pihak ketiga                                                                                                             Third parties
            Rupiah                                                                                                                          Rupiah
            PT United Tractors Tbk                           312,200         9,240,243          7,063,525                   PT United Tractors Tbk
            PT Indofood Sukses Makmur Tbk                  1,020,300         7,191,901          6,580,935         PT Indofood Sukses Makmur Tbk
            PT Unilever Indonesia Tbk                      1,720,600         8,237,601          6,073,718               PT Unilever Indonesia Tbk
            PT Indofood CBP Sukses Makmur Tbk                539,900         4,689,714          4,947,143    PT Indofood CBP Sukses Makmur Tbk
            PT Gudang Garam Tbk                              216,000         6,253,736          4,390,201                   PT Gudang Garam Tbk
            PT Bank Central Asia Tbk                         458,200         3,522,896          4,307,080                PT Bank Central Asia Tbk
            PT Sarana Menara Nusantara Tbk                 4,244,300         4,805,228          4,201,857        PT Sarana Menara Nusantara Tbk
            PT Charoen Pokphand Tbk                          683,800         4,337,928          3,436,095               PT Charoen Pokphand Tbk
            PT HM Sampoerna Tbk                            2,981,900         3,071,397          2,668,801                  PT HM Sampoerna Tbk
            PT Astra International Tbk                       286,400         1,807,754          1,618,160                PT Astra International Tbk
            PT Astra Argo Lestari Tbk                        200,111         1,608,558          1,405,780                PT Astra Argo Lestari Tbk
            PT Bumi Serpong Damai Tbk                      1,233,000         1,456,531          1,331,640             PT Bumi Serpong Damai Tbk
            PT Kalbe Farma Tbk                               753,600         1,438,922          1,213,296                     PT Kalbe Farma Tbk
            PT XL Axiata Tbk                                 475,900         1,364,609            951,800                        PT XL Axiata Tbk
            PT Merdeka Copper Gold Tbk                       313,400         1,364,809            846,180            PT Merdeka Copper Gold Tbk
            PT PP London Sumatra Indonesia Tbk               857,400           994,052            763,086    PT PP London Sumatra Indonesia Tbk
            PT Barito Pacific Tbk                            562,357           581,246            747,935                     PT Barito Pacific Tbk
            PT Elang Mahkota Teknologi Tbk                 1,036,400         1,618,563            611,476         PT Elang Mahkota Teknologi Tbk
            PT Adaro Energy Tbk                              251,200           629,810            597,856                    PT Adaro Energy Tbk
            PT AKR Corporindo Tbk                            400,000           540,000            590,000                  PT AKR Corporindo Tbk
            PT Tower Bersama Infrastructure Tbk              272,900           711,885            570,361    PT Tower Bersama Infrastructure Tbk
            PT Vale Indonesia Tbk                            111,400           732,631            480,134                   PT Vale Indonesia Tbk
            PT Matahari Department Store Tbk                 223,600           597,012            447,200       PT Matahari Department Store Tbk
            PT Indo Tambangraya Megah Tbk                     12,200           290,970            312,930        PT Indo Tambangraya Megah Tbk
            PT Sri Rejeki Isman Tbk                          900,000            45,000             45,000                 PT Sri Rejeki Isman Tbk
            PT Medco Energi Internasional Tbk                     66                39                 76       PT Medco Energi Internasional Tbk
            Sub-jumlah                                                                         56,202,265                                Sub-total
            Jumlah tersedia untuk dijual                                                     132,370,395                   Total Available-for-sale
            Jumlah saham                                                                     268,673,957                              Total shares


                                                              31 Desember/December 31, 2022
                                                    Jumlah Saham/    Biaya Perolehan/    Nilai Wajar/
                                                   Number of Shares        Cost          Fair Value
            Nilai wajar melalui laba rugi                                                                        Fair value through profit or loss
            Pihak berelasi (catatan 39)                                                        50,034,412                Related parties (note 39)
            Pihak ketiga                                                                                                            Third parties
            Rupiah                                                                                                                        Rupiah
            PT Bank Central Asia Tbk                       1,282,500         8,119,071         10,965,373               PT Bank Central Asia Tbk
            PT Adaro Energy Indonesia Tbk                  1,025,400         2,579,383          3,947,790         PT Adaro Energy Indonesia Tbk
            PT Merdeka Copper Gold Tbk                       862,999         2,611,184          3,555,556           PT Merdeka Copper Gold Tbk
            PT Astra International Tbk                       578,800         4,257,593          3,299,160              PT Astra International Tbk
            PT Kalbe Farma Tbk                             1,219,200         2,025,593          2,548,128                    PT Kalbe Farma Tbk
            PT Ciputra Development Tbk                     2,272,600         3,227,067          2,136,244            PT Ciputra Development Tbk
            PT Summarecon Agung Tbk                        2,819,532         4,422,520          1,705,817            PT Summarecon Agung Tbk
            PT Matahari Department Store Tbk                 358,300         5,277,128          1,701,925       PT Matahari Department Store Tbk
            PT Total Bangun Persada Tbk                    3,911,100         3,317,130          1,181,152           PT Total Bangun Persada Tbk
            PT Vale Indonesia Tbk                            151,800         1,006,919          1,077,780                  PT Vale Indonesia Tbk
            PT Harum Energy Tbk                              590,600         1,108,538            956,772                   PT Harum Energy Tbk




                                                                 56
Page 544
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)

                                                              31 Desember/December 31, 2022
                                                    Jumlah Saham/    Biaya Perolehan/    Nilai Wajar/
                                                   Number of Shares        Cost          Fair Value
            PT Bumi Serpong Damai Tbk                       995,600         2,060,846           915,952             PT Bumi Serpong Damai Tbk
            PT Sarana Menara Nusantara Tbk                  650,000           732,973           715,000        PT Sarana Menara Nusantara Tbk
            PT Indofood CBP Sukses Makmur Tbk                69,900           685,203           699,000    PT Indofood CBP Sukses Makmur Tbk
            PT United Tractors Tbk                           21,000           446,681           547,575                  PT United Tractors Tbk
            PT Charoen Pokphand Indonesia Tbk                95,100           647,838           537,315     PT Charoen Pokphand Indonesia Tbk
            PT Bukalapakcom Tbk                           1,915,700         1,020,949           501,913                   PT Bukalapakcom Tbk
            PT Bank Jago Tbk                                130,300         1,407,413           484,709                       PT Bank Jago Tbk
            PT Tower Bersama Infrastructure Tbk             208,500           616,842           479,550     PT Tower Bersama Infrastructure Tbk
            PT Barito Pacific Tbk                           482,824           533,822           364,532                     PT Barito Pacific Tbk
            PT Unilever Indonesia Tbk                        72,800           583,836           342,160               PT Unilever Indonesia Tbk
            PT Bakrieland Development Tbk                 4,444,400           399,996           222,220          PT Bakrieland Development Tbk
            PT Matahari Putra Prima Tbk                   1,676,600         3,956,428           214,605             PT Matahari Putra Prima Tbk
            PT Indofood Sukses Makmur Tbk                    25,000           195,567           168,125         PT Indofood Sukses Makmur Tbk
            PT Astra Agro Lestari Tbk                            99             1,131               794                PT Astra Agro Lestari Tbk
            PT Indah Kiat Pulp & Paper Tbk                       86               310               750          PT Indah Kiat Pulp & Paper Tbk
            PT Truba Alam Manunggal                                                                                   PT Truba Alam Manunggal
             Engineering Tbk                                410,500               411              411                        Engineering Tbk
            PT Sitara Propertindo Tbk                            50                 6                3                 PT Sitara Propertindo Tbk
            Dolar Hongkong                                                                                                       Hongkong Dollar
            AIA                                             110,000        10,906,222        19,262,531                                     AIA
            Regal Real Estate Investment Trust            2,765,000        13,397,145         7,809,516      Regal Real Estate Investment Trust
            Power Assets Holdings Ltd                        83,000         8,123,990         7,158,387               Power Assets Holdings Ltd
            China Life Insurance Co Ltd                     250,000        11,615,619         6,758,429              China Life Insurance Co Ltd
            Bank Of China Ltd - H Shares                  1,050,000         7,677,178         6,016,011            Bank Of China Ltd - H Shares
            Manulife Financial Corporation                   18,700         4,383,972         5,228,845           Manulife Financial Corporation
            China Construction Bank Corporation             450,000         6,661,251         4,439,380     China Construction Bank Corporation
            Link Real Estate Investment Trust                33,000         5,035,649         3,814,780        Link Real Estate Investment Trust
            New World Development Co Ltd                     54,139         4,594,096         2,402,890          New World Development Co Ltd
            MTR Corporation Ltd                              26,000         2,429,944         2,168,951                      MTR Corporation Ltd
            Hong Kong Exchanges and Clearing Ltd              3,000         2,987,934         2,040,844   Hong Kong Exchanges and Clearing Ltd
            Agricultural Bank Of China Ltd                  300,000         1,946,319         1,622,023            Agricultural Bank Of China Ltd
            Sub-jumlah                                                                      107,992,898                                 Sub-total
            Jumlah nilai wajar melalui laba rugi                                            158,027,310   Total fair value through profit or loss
            Tersedia untuk dijual                                                                                             Available-for-sale
            Pihak berelasi (catatan 39)                                                      95,331,079                Related parties (note 39)
            Pihak ketiga                                                                                                           Third parties
            Rupiah                                                                                                                        Rupiah
            PT Astra International Tbk                    3,462,700        21,586,620        19,737,390                PT Astra International Tbk
            PT United Tractors Tbk                          312,200         9,240,243         8,140,615                  PT United Tractors Tbk
            PT Indofood Sukses Makmur Tbk                 1,205,100         8,539,879         8,104,298         PT Indofood Sukses Makmur Tbk
            PT Unilever Indonesia Tbk                     1,720,600        12,675,423         8,086,820               PT Unilever Indonesia Tbk
            PT Sarana Menara Nusantara Tbk                4,244,300         4,805,228         4,668,730        PT Sarana Menara Nusantara Tbk
            PT Indofood CBP Sukses Makmur Tbk               442,300         4,175,335         4,423,000    PT Indofood CBP Sukses Makmur Tbk
            PT Bank Central Asia Tbk                        506,200         3,315,946         4,328,010                PT Bank Central Asia Tbk
            PT Gudang Garam Tbk                             216,000        12,741,077         3,888,000                  PT Gudang Garam Tbk
            PT Charoen Pokphand Tbk                         683,800         4,337,928         3,863,470               PT Charoen Pokphand Tbk
            PT Indocement Tunggal Prakarsa Tbk              360,000         4,615,586         3,564,000    PT Indocement Tunggal Prakarsa Tbk
            PT HM Sampoerna Tbk                           2,981,900         6,264,981         2,504,796                  PT HM Sampoerna Tbk
            PT Astra Argo Lestari Tbk                       200,111         3,172,917         1,605,891                PT Astra Argo Lestari Tbk
            PT Vale Indonesia Tbk                           188,500         1,227,351         1,338,350                   PT Vale Indonesia Tbk
            PT Bumi Serpong Damai Tbk                     1,233,000         2,308,021         1,134,360             PT Bumi Serpong Damai Tbk
            PT Matahari Department Store Tbk                223,600         1,393,252         1,062,100       PT Matahari Department Store Tbk
            PT XL Axiata Tbk                                475,900         1,364,609         1,018,426                        PT XL Axiata Tbk
            PT Barito Pacific Tbk                         1,325,357         1,369,875         1,000,645                    PT Barito Pacific Tbk
            PT Adaro Energy Tbk                             233,900           649,054           900,515                    PT Adaro Energy Tbk
            PT PP London Sumatra Indonesia Tbk              857,400         1,277,035           870,261    PT PP London Sumatra Indonesia Tbk
            PT Tower Bersama Infrastructure Tbk             272,900           711,885           627,670    PT Tower Bersama Infrastructure Tbk
            PT Elang Mahkota Teknologi Tbk                  581,000         1,279,290           598,430         PT Elang Mahkota Teknologi Tbk
            PT Kalbe Farma Tbk                              285,500           483,358           596,695                     PT Kalbe Farma Tbk
            PT Indah Kiat Pulp and Paper Tbk                 67,500           573,979           588,938        PT Indah Kiat Pulp and Paper Tbk
            PT Merdeka Copper Gold Tbk                      110,700           424,988           456,084            PT Merdeka Copper Gold Tbk
            PT Sri Rejeki Isman Tbk                         900,000           131,400            45,000                 PT Sri Rejeki Isman Tbk
            PT Medco Energi Internasional Tbk                    66                39                67       PT Medco Energi Internasional Tbk
            Sub-jumlah                                                                       83,152,561                                Sub-total
            Jumlah tersedia untuk dijual                                                    178,483,640                  Total Available-for-sale
            Jumlah saham                                                                    336,510,950                             Total shares




                                                                57
Page 545
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                             PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                   FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                 (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)

        ii.   Obligasi                                                                            ii. Bonds
                                                                                          Tingkat
                                                                                        bunga per
                                                                       Tanggal           Thn (%)/
                                                                    jatuh tempo/       Interest rate   Peringkat/Rating        Nilai wajar/Fair value
                                                                    Maturity date     per annum (%)     2023      2022        2023               2022



              Nilai wajar melalui laba rugi/
                 Fair value through profit or loss
              Pihak berelasi (catatan 39)/
                Related parties (note 39)/                                                                                            --       345,053,504
              Jumlah nilai wajar melalui laba rugi/
                Total fair value through profit or loss                                                                               --       345,053,504
              Tersedia untuk dijual/
                Available-for-sale
              Pihak berelasi (catatan 39)/
                Related parties (note 39)/                                                                                 4,547,337,890      3,163,988,470
              Pihak ketiga/Third parties
              Rupiah/ Rupiah
              MTN III SNP Th 2017 Sr B                           13 November 2019/       12.13%        Default   Default     50,000,000         50,000,000
                                                                 November 13, 2019
              MTN VI Sunprima Nusantara                           24 Februari 2018/      10.50%        Default   Default     50,000,000         50,000,000
                Pembiayaan Thp I Thn 2018 Sr B                    February 24, 2018
              Sukuk Ijarah Berkelanjutan III                     1 September 2027/        7.40%         AAA       AAA        40,375,925         40,298,540
                XL Axiata Thp I Thn 2022 Sr B                    September 1, 2027
              Obligasi Berkelanjutan II                                29 Maret/          7.00%          AA        --        29,318,405                  --
               Mayora Indah Tahap II Tahun 2022 Seri A             March 29 , 2027
              Obligasi Berkelanjutan II                          1 September 2027/        7.40%         AAA        --        26,231,140                  --
                XL Axiata Tahap I Tahun 2022 Seri B              September 1, 2027
              MTN III SNP Th 2017 Sr A                             30 Oktober 2018/      12.50%        Default   Default     25,000,000         25,000,000
                                                                  October 30, 2018
              Obligasi Berkelanjutan V Astra                       22 Oktober 2024/       5.30%         AAA       AAA        19,854,800         19,827,000
                Sedaya Finance Thp III Thn 2021 Sr B              October 22, 2024
              Obligasi Berkelanjutan II                          1 September 2025 /       6.75%         AAA        --        18,932,550                  --
                XL Axiata Tahap I Tahun 2022 Seri A              September 1, 2025
              Obligasi Subordinasi Berkelanjutan                 13 November 2026/        9.25%          AA        AA        18,696,404         18,843,121
                Bank UOB Indonesia Thp II Thn 2019               November 13, 2026
              MTN VI Sunprima Nusantara                              19 Juli 2021/       10.25%        Default   Default     18,000,000         18,000,000
                 Pembiayaan Thp I Thn 2018 Sr C                      July 19, 2021
              Obligasi Berkelanjutan V Adira                        22 Maret 2025/        5.60%         AAA       AAA        17,814,780         17,750,340
                Finance Thp III Thn 2022 Sr B                       March 22, 2025
              Obligasi Berkelanjutan V Federal                      25 Maret 2025/        5.60%         AAA       AAA        13,777,260         13,828,220
                International Finance Thp III Thn 2022 Sr B         March 25, 2025
              Obligasi Subordinasi Berkelanjutan II                 17 Maret 2024/       10.25%          A+        A+        10,056,486         10,315,751
                Bank Panin Thp II Thn 2017                          March 17, 2024
              Obligasi Berkelanjutan V Astra                        22 Maret 2025/        5.70%         AAA       AAA         9,887,800         10,077,500
                Sedaya Finance Thp IV Th 2022 Sr B                  March 22, 2025
              Obligasi Subordinasi Berkelanjutan I                    17 Oktober,         9.25%          AA        --         9,132,892                  --
                Bank UOB Indonesia Tahap II Tahun 2017            October 17, 2024
              Obligasi Berkelanjutan V Federal                     05 Maret 2024 /        6.00%         AAA        --         8,993,250                  --
                International Finance Thp V Thn 2023 Sr A           March 05, 2024
              Sukuk Ijarah Berkelanjutan I XL                        28 April 2027/       9.40%         AAA       AAA         5,350,243           5,439,806
                Axiata Thp II Thn 2017 Sr E                         April 28, 2027
              Sukuk Ijarah Orchid Realty I                           31 Mei 2019/        14.00%        Default   Default      4,680,384           5,000,000
                                                                     May 31, 2019
              Obligasi Berkelanjutan II Protelindo               17 Desember 2024/        5.30%          --        AA                 --        29,358,000
                Thp II Thn 2021 Sr B                             December 17, 2024
              Obligasi Subordinasi Bank KEB                      21 Desember 2023/        9.95%          --        A                  --        10,322,863
                Hana I Thn 2016                                  December 21, 2023
              Obligasi Subordinasi Berkelanjutan II                  10 Juni 2023/        9.63%          --        AA                 --        10,157,051
                Bank Maybank Indonesia Thp II Thn 2016              June 10, 2023
              Obligasi Berkelanjutan III Medco                      29 Maret 2023/        9.15%          --       AA-                 --        10,097,300
                Energi Int Thp 1 Thn 2018 Sr B                      March 29, 2023
              Sub - jumlah/ Sub - Total                                                                                     376,102,319        344,315,492
              Dikurangi penyisihan kerugian penurunan nilai - pihak ketiga/
                Less allowance for impairment losses - third parties                                                       (145,715,463)      (145,715,463)
              Jumlah pihak ketiga/
                Total third parties                                                                                         230,386,856        198,600,029
              Jumlah tersedia untuk dijual//
                Total available-for-sale                                                                                   4,777,724,746      3,362,588,499

              Jumlah - neto/ Total - net                                                                                   4,777,724,746      3,707,642,003


                                                                              58
Page 546
PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

                                                         2023               2022
                                                          %                  %
               Tingkat bunga per tahun                                                                   Interest rate per annum
               Rupiah                                 5.30%-11.00%      4.88%-14.00%                                       Rupiah
               Dolar Amerika Serikat                  2.55%-7.75%       2.55%-7.75%                           United States Dollar


               Perubahan penyisihan kerugian                                     Changes in the allowance for
               penurunan nilai pada obligasi                                     impairment losses on bonds are as
               adalah sebagai berikut:                                           follows:
                                                         2023               2022
                                                          Rp                 Rp
               Obligasi                                                                                                   Bonds
               Saldo awal tahun                          145,715,463        145,715,463                 Balance at beginning year
               Pemulihan                                           --                 --                                Recovery
               Saldo akhir tahun                         145,715,463        145,715,463                   Balance at end of year



               Jumlah Surat berharga dalam                                       Securities in the form of sukuk as of
               bentuk sukuk pada 31 Desember                                     2023 and 2022 in the Sharia
               2023 dan 2022, pada Unit Bisnis                                   Business      Unit    amounted     to
               Syariah masing-masing adalah                                      Rp30,123,970 and Rp30,010,990,
               sebesar    Rp30.123.970    dan                                    respectively (Note 44).
               Rp30.010.990 (Catatan 44).
               Pada tanggal 31 Desember 2023,                                    As at December 31 2023, bonds
               termasuk       dalam      obligasi                                include bonds placed as statutory
               adalah obligasi yang ditempatkan                                  funds amounted to Rp65,416,000
               sebagai       Dana       jaminan                                  (2022: Rp65,279,110).
               sebesar    Rp65.416.000    (2022:
               Rp65.279.110).

               Peringkat untuk efek-efek Rupiah                                  Ratings for Rupiah securities is
               adalah berdasarkan peringkat yang                                 based on ratings issued by PT
               dikeluarkan PT Pemeringkat Efek                                   Pemeringkat    Efek   Indonesia
               Indonesia (Pefindo).                                              (Pefindo).

               Peringkat untuk efek-efek AS$                                     Ratings for US$ securities is based
               adalah berdasarkan peringkat yang                                 on ratings issued by Fitch.
               dikeluarkan Fitch.

        iii.   Reksadana                                                   iii. Mutual funds
                                                           2023           2022
                                                            Rp             Rp

               Nilai wajar melalui laba rugi                                                    Fair value through profit or loss
               Pihak berelasi (catatan 39)               119,623,737     41,557,904                     Related parties (note 39)
               Pihak ketiga                                                                                      Third parties
               Rupiah                                                                                                   Rupiah
               Sucorinvest Money Market Fund              32,210,246     62,924,447             Sucorinvest Money Market Fund
               Shinhan Money Market Fund                  31,862,522              --               Shinhan Money Market Fund
               ETF Premier Sri-Kehati                     24,401,635              --                    ETF Premier Sri-Kehati
               Trim Kas 2                                 21,084,568              --                                Trim Kas 2
               Ashmore Saham Sejahtera Nusantara          17,809,238              --        Ashmore Saham Sejahtera Nusantara
               Syailendra Dana Kas                        10,358,046     43,100,846                       Syailendra Dana Kas
               Reksadana Pacific Money Market              5,346,598              --           Reksadana Pacific Money Market
               Trimegah Kas 2                                      --    39,547,273                            Trimegah Kas 2
               ETF Premier LQ-45                                   --    14,360,702                         ETF Premier LQ-45
               ETF Premier IDX 30                                  --       796,527                         ETF Premier IDX 30
               Sub - jumlah                              143,072,853    160,729,795                              Sub - total
               Jumlah nilai wajar melalui laba rugi      262,696,590    202,287,699        Total fair value through profit or loss

                                                          59
Page 547
PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

                                                             2023             2022
                                                              Rp               Rp
              Tersedia untuk dijual                                                                              Available-for-sale
              Pihak berelasi (catatan 39)                  304,864,746      233,211,805                   Related parties (note 39)
              Pihak ketiga                                                                                            Third parties
              Rupiah                                                                                                         Rupiah
              Premier ETF IDX 30                           114,905,792      110,359,730                         Premier ETF IDX 30
              Syailendra Pendapatan Tetap Premium          101,380,506                --     Syailendra Pendapatan Tetap Premium
              Reksadana Penyertaan Terbatas                                                        Reksadana Penyertaan Terbatas
                 Manulife Obligasi Unggulan Kelas A         48,592,915       49,303,550       Manulife Obligasi Unggulan Kelas A
              Reksadana Indeks Batavia IDX30 ETF            35,342,619       37,777,075       Reksadana Indeks Batavia IDX30 ETF
              Syailendra MSCI Indonesia Fund Index          33,189,621       19,146,336      Syailendra MSCI Indonesia Fund Index
              ETF Premier LQ-45                             31,172,112       43,489,502                          ETF Premier LQ-45
              Tram Consumption Plus Kelas A                 20,571,611                --            Tram Consumption Plus Kelas A
              Reksadana Ashmore Dana Obligasi                                                   Reksadana Ashmore Dana Obligasi
                 Unggulan Nusantara                         19,173,848       19,345,420                      Unggulan Nusantara
              Batavia Smart Liquid ETF                      10,246,108        9,811,985                    Batavia Smart Liquid ETF
              Reksadana Avrist Prime Income Fund            10,124,643                --       Reksadana Avrist Prime Income Fund
              Reksadana Penyertaan Terbatas                                                        Reksadana Penyertaan Terbatas
                 Batavia Dana Obligasi Ultima               10,056,037        9,912,140             Batavia Dana Obligasi Ultima
              Reksadana Avrist Ada Obligasi Berlian          9,761,057                --      Reksadana Avrist Ada Obligasi Berlian
              Reksadana Indeks Batavia Sri Kehati ETF        9,760,000       11,088,000    Reksadana Indeks Batavia Sri Kehati ETF
              Reksadana Panin Dana Prima                     1,908,558        1,885,455               Reksadana Panin Dana Prima
              Reksadana SAM Indonesia Equity Fund            1,253,899        1,094,780      Reksadana SAM Indonesia Equity Fund
              Reksadana Syailendra Dana Kas                          --      62,468,271            Reksadana Syailendra Dana Kas
              Money Market Fund                                                                                 Money Market Fund
                 Reksadana Sucorinvest                                --     31,068,113                   Reksadana Sucorinvest
              Reksadana Bahana Likuid Plus                            --     20,574,288              Reksadana Bahana Likuid Plus
              Reksadana Shinhan Money Market Fund                     --     20,556,654     Reksadana Shinhan Money Market Fund
              Bahana Dana Ekuitas Andalan Kelas G                     --     19,623,757      Bahana Dana Ekuitas Andalan Kelas G
              Trimegah Consumption Plus                               --     19,358,450                 Trimegah Consumption Plus
              Reksadana Trim Kas 2                                    --     10,275,355                      Reksadana Trim Kas 2
              Reksadana Pacific Money Market                          --      5,149,462            Reksadana Pacific Money Market
              Reksadana Syailendra Equity                                                              Reksadana Syailendra Equity
                 Opportunity Fund                                     --      4,681,240                         Opportunity Fund
              Reksadana Trimegah Kapital Plus                         --      1,719,854           Reksadana Trimegah Kapital Plus
              Dolar Amerika Serikat                                                                           United States Dollar
              Reksadana Syailendra Liberty Fund                      --       8,005,230          Reksadana Syailendra Liberty Fund
              Sub - jumlah                                 457,439,326      516,694,647                                 Sub - total
              Jumlah tersedia untuk dijual                 762,304,072      749,906,452                    Total available-for-sale
              Jumlah reksadana                            1,025,000,662     952,194,151                          Total mutual fund


              Lihat Catatan 39 untuk rincian                                         Refer to Note 39 for details of
              saldo dan transaksi pihak berelasi.                                    related   parties balances  and
                                                                                     transactions.

    c.   Penyertaan langsung                                               c. Direct participations

                                                         Persentase kepemilikan/
                                                         Percentage of ownership
                                                        31 Desember/ December 31                31 Desember/December 31
         Nama Entitas/Name of Entity                     2023              2022                  2023            2022

         PT Reasuransi Maipark Indonesia                     14.83%               14.58%          28,009,206            26,259,112
         PT Asuransi Staco Mandiri                            5.28%                5.28%           8,235,017             8,898,944
         PT Pemeringkat Efek Indonesia                        0.10%                0.10%              10,000                10,000
         Jumlah                                                                                   36,254,223            35,168,056




                                                            60
Page 548
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

         PT Reasuransi Maipark Indonesia                          PT Reasuransi Maipark Indonesia
         Pada    tahun    2003,    Perusahaan                     In 2003, the Company acquired 11.78%
         mengakuisisi 11,78 % kepemilikan                         share ownership and voting rights of
         saham dan hak suara PT Asuransi                          PT    Asuransi   Maipark     Indonesia
         Maipark Indonesia (Dahulu bernama                        (Formerly named Special Risk Insurance
         Perusahaan Asuransi Risiko Khusus)                       Company) with the amount paid was
         dengan jumlah yang dibayarkan adalah                     Rp 5,100,000.
         sebesar Rp5.100.000.

         Pada      tahun    2023,    Perusahaan                   In 2023, the Company increased its
         melakukan penambahan kepemilikan                         share ownership by 1,145 shares with
         saham sebanyak 1.145 lembar saham                        a purchase value of Rp1,750,094 so
         dengan nilai pembelian Rp1.750.094                       that the Company's share ownership
         sehingga porsi kepemilikan saham                         portion   became     14.83%   as    of
         Perusahaan menjadi 14,83 % pada                          December 31, 2023. This share transfer
         31 Desember 2023. Pengalihan saham                       has been notarized by Notarial Deed
         ini telah diaktakan dengan Akta Notaris                  No 2, dated January 3, 2023.
         No 2, tertanggal 3 Januari 2023.

         PT Asuransi Staco Mandiri                                PT Asuransi Staco Mandiri
         Pada tahun 1996, Perusahaan melalui                      In 1996, the Company through its
         anak usahanya, PT Tugu Pratama                           subsidiary, PT Tugu Pratama Interindo
         Interindo   memperoleh     kepemilikan                   acquired share ownership and voting
         saham dan hak suara di PT Asuransi                       rights in PT Asuransi Staco Indonesia
         Staco Indonesia dengan nilai akuisisi                    with an acquisition value of Rp385,000.
         sebesar Rp385.000. Pada tanggal                          As of December 31, 2023, the
         31     Desember    2023,    persentase                   Company's ownership percentage in
         kepemilikan Perusahaan di PT Asuransi                    PT Asuransi Staco Indonesia is 5.28%.
         Staco Indonesia adalah sebesar 5,28%.

         PT Pemeringkat Efek Indonesia                            PT Pemeringkat Efek Indonesia
         Pada tahun 2017, Perusahaan melalui                      In 2017, the Company through its
         anak usahanya, PT Tugu Pratama                           subsidiary, PT Tugu Pratama Interindo
         Interindo      mengakuisisi   0,1%                       acquired 0.1% share ownership of
         kepemilikan saham PT Pemeringkat                         PT Pemeringkat Efek Indonesia.
         Efek Indonesia.

         Grup melakukan evaluasi atas investasi                   The Group evaluated its long term
         jangka panjang saham yang tidak                          investment in shares with no quoted
         tersedia nilai pasarnya dan Manajemen                    market price and the Management
         berpendapat bahwa tidak terdapat                         believe that there is no indication of
         indikasi penurunan nilai atas penyertaan                 impairment on direct participations.
         langsung tersebut.

    d.   Investasi pada entitas asosiasi                       d. Investment in associates

                                                Persentase kepemilikan/
                                                Percentage of ownership
                                               31 Desember/ December 31         31 Desember/December 31
         Nama Entitas/Name of Entity            2023              2022           2023            2022

         PT Asuransi Samsung Tugu                   30.00%           30.00%     166,639,022      162,313,843
         Jumlah                                                                 166,639,022      162,313,843


         Mutasi investasi        dengan   metode                  Changes in investments under the equity
         ekuitas:                                                 method:

                                                    61
Page 549
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                         PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                               FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                             (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)

                                                                    2023                           2022
                                                                     Rp                             Rp
         PT Asuransi Samsung Tugu                                                                                             PT Asuransi Samsung Tugu
         Saldo awal                                                 162,313,843                    148,547,057                            Beginning balance
         Bagian laba bersih entitas asosiasi                          7,763,237                     17,047,789               Share of associated net income
         Selisih transaksi perubahan                                                                                            Differences from changes of
           ekuitas yang berasal dari                                                                                          equity due to change of fair
           perubahan nilai wajar aset                                                                                             value available-for-sale
           keuangan tersedia untuk dijual                              (138,188)                    (1,596,939)                      marketable securities
         Pengukuran kembali atas                                                                                               Remeasurement of employee
           liabilitas imbalan kerja                                      109,688                        105,158                           benefits liability
         Penerimaan dividen                                          (3,409,558)                    (1,789,222)                           Dividend received
         Saldo akhir                                                166,639,022                    162,313,843                             Ending balance


         Total aset, total liabilitas, dan total laba                                               The total assets, liabilities, and income
         tahun berjalan dari entitas asosiasi                                                       for the year of the associates are as
         adalah sebagai berikut:                                                                    follows:

                                                                    2023                           2022
                                                                     Rp                             Rp
         Jumlah aset                                               1,334,933,922                1,389,972,443                                     Total assets
         Jumlah liabilitas                                           935,068,701                1,004,525,485                                    Total liabilities
         Jumlah laba tahun berjalan                                   25,877,456                   56,825,965                         Total income for the year


    e.   Akumulasi perubahan nilai wajar efek                                                 e. Accumulated changes in fair values of
         yang tersedia untuk dijual                                                              available-for-sale

         Akumulasi perubahan dan perubahan                                                          Accumulated changes and changes for
         tahun berjalan nilai wajar efek yang                                                       the year in fair values of available-for-
         tersedia untuk dijual Grup adalah                                                          sale marketable securities of the Group
         sebagai berikut:                                                                           are as follows:

                                                                     2023                          2022
                                                                      Rp                            Rp

         Perubahan nilai wajar                                        39,420,023                   (65,685,228)                       Changes in fair value
         Pajak penghasilan terkait pos                                                                                         Income tax related to items
           yang akan direklasifikasi ke laba rugi                     (4,506,593)                    24,007,996 that will be reclassified to profit or loss
                                                                      34,913,430                   (41,677,232)
         Kenaikan (penurunan) yang                                                                                                     Increase (decrease)
           diatribusikan kepada non pengendali                           230,975                      4,875,185       attributable to controling interest
                                                                      35,144,405                   (36,802,047)
         Saldo awal                                                  (26,735,318)                    10,066,729                                 Beginning balance
         Saldo akhir                                                   8,409,087                   (26,735,318)                                  Ending balance




    f.   Properti investasi                                                                    f. Investment properties
                                                                      31 Desember/December 31, 2023
                                                                                                              Dampak
                                                                                             Selisih         translasi
                                                                                          penyesuaian         laporan
                                                                                           nilai wajar/    keuangan/
                                                                                          Differences       Effect on
                                Saldo awal/                                                  arising         financial       Saldo akhir/
                                Beginning        Penambahan/        Pengurangan/        from fair value     statement          Ending
                                 balance          Additions          Deductions           adjustment       translation        balance
         Nilai wajar                                                                                                                                           Fair value
         Tanah                     816,480,241                --                   --          (332,252)                --        816,147,989                        Land
         Gedung dan fasilitas    1,476,397,754          111,869                    --         25,037,841          (68,085)      1,501,479,379       Building and facilities
         Jumlah                  2,292,877,995          111,869                    --         24,705,589          (68,085)      2,317,627,368                       Total
         Nilai buku neto         2,292,877,995                                                                                  2,317,627,368            Net book value




                                                                         62
Page 550
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)
                                                                     31 Desember/December 31, 2022
                                                                                                            Dampak
                                                                                          Selisih          translasi
                                                                                       penyesuaian          laporan
                                                                                        nilai wajar/     keuangan/
                                                                                       Differences        Effect on
                               Saldo awal/                                                arising          financial       Saldo akhir/
                               Beginning        Penambahan/        Pengurangan/      from fair value      statement          Ending
                                balance          Additions          Deductions         adjustment        translation        balance
        Nilai wajar                                                                                                                                      Fair value
        Tanah                     815,778,823                 --                --             701,418                --        816,480,241                    Land
        Gedung dan fasilitas    1,477,841,151                 --         (129,970)         (1,391,898)           78,471       1,476,397,754   Building and facilities
        Jumlah                  2,293,619,974                 --         (129,970)           (690,480)           78,471       2,292,877,995                   Total
        Nilai buku neto         2,293,619,974                                                                                 2,292,877,995        Net book value



        Pendapatan sewa dari properti investasi                                                  Rental     income    from    subsidiary’s
        entitas anak sebesar Rp66.682.536                                                        investment property amounting to
        untuk tahun yang berakhir pada tanggal                                                   Rp66,682,536 for the year ended
        31 Desember 2023 dicatat sebagai                                                         December 31, 2023 were recorded as
        pendapatan usaha sewa di dalam akun                                                      rental business income in account “Other
        “Pendapatan usaha lainnya” (2022:                                                        operating         revenue”        (2022:
        Rp94.076.676).                                                                           Rp94,076,676).

        Grup telah melakukan penilaian fair                                                      The Group performed valuation of fair
        value     atas      properti    investasi                                                value on the investment property based
        berdasarkan hasil penilaian yang                                                         on valuation carried out by Registered
        dilakukan oleh Kantor Jasa Penilai                                                       Public Appraisers (KJPP) Ruky Safrudin
        Publik (KJPP) Ruky Safrudin & Rekan                                                      & Rekan, an independent appraiser, for
        Antonius Setiady dan Rekan, penilai                                                      December 31, 2023, and Antonius
        independen,          untuk        tanggal                                                Setiady dan Rekan, an independent
        31 Desember 2023 dan Kantor Jasa                                                         appraiser, for December 31, 2022. Based
        Penilai Publik (KJPP) Antonius Setiady                                                   on the valuation reports, the value of the
        dan Rekan, penilai independen, untuk                                                     Group’s     investment     in   properties
        tanggal     31      Desember        2022.                                                amounted to Rp2,430,973,732 and
        Berdasarkan hasil penilaian tersebut,                                                    Rp2,292,877,996 as of December 31,
        nilai properti investasi Grup adalah                                                     2023 and 2022, respectively. The
        sebesar       Rp2.430.973.732         dan                                                valuation performed was based on cost
        Rp2.292.877.995 masing-masing pada                                                       and revenue method.
        tanggal 31 Desember 2023 dan 2022.
        Penilaian     dilakukan      berdasarkan
        metode biaya dan pendapatan.

        Selisih penyesuaian nilai wajar properti                                                 Difference arising from fair value
        investasi untuk tahun yang berakhir                                                      adjustment on investment properties for
        pada tanggal 31 Desember 2023 dan                                                        the year ended December 31, 2023 and
        2022 dicatat sebagai bagian dari                                                         2022 were recorded as part of
        “Pendapatan Investasi” (Catatan 33)                                                      “Investment Income” (Note 33) in the
        pada laba (rugi) adalah masing-masing                                                    profit   or   (loss)   amounted      to
        sebesar       Rp139.041.665         dan                                                  Rp139,041,665      and    (Rp690,480),
        (Rp690.480).                                                                             respectively.

        Pada tanggal 31 Desember 2023 dan                                                        On December 31, 2023 and 2022,
        2022, properti investasi diasuransikan                                                   investment properties are covered by
        terhadap    risiko   kerugian   akibat                                                   insurance against losses by fire and
        kebakaran dan risiko lainnya bersama                                                     other risks together with fixed assets
        dengan aset tetap (Catatan 10).                                                          (Note 10). Management believes that the
        Manajemen berpendapat bahwa nilai                                                        sum insured is adequate to cover all
        pertanggungan tersebut cukup untuk                                                       possible losses.
        menutup kemungkinan kerugian atas
        properti         investasi       yang
        dipertanggungkan.

                                                                        63
Page 551
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

         Grup menyajikan nilai wajar atas                             The Group presents the fair value of the
         properti investasi berdasarkan hierarki                      investment property based on fair value
         nilai wajar tingkat 3.                                       hierarchy level 3.


6.   Piutang Premi Dan Sesi                                6. Premium And Cession Receivables

                                              2023             2022
                                               Rp               Rp

     Perseroan                                                                                        The Company
     Pihak berelasi (catatan 39)             646,314,588     350,286,580                   Related parties (note 39)
     Pihak ketiga                                                                                       Third parties
     PT Aon Indonesia                        240,884,122     230,936,102                           PT Aon Indonesia
     PT Jawa Satu Power                      165,389,682      58,884,212                        PT Jawa Satu Power
     PT Marsh Indonesia                      154,264,626     123,934,052                         PT Marsh Indonesia
     PT Lion Mentari                          54,087,649     194,792,493                              PT Lion Mentari
     PT Willis Towers Watson                                                                PT Willis Towers Watson
        Insurance Broker Indonesia            33,427,080      91,339,057               Insurance Broker Indonesia
     PT Paib Indonesia                        27,844,850               --                          PT Paib Indonesia
     PT Mitra Iswara & Rorimpandey            25,332,876       4,094,533             PT Mitra Iswara & Rorimpandey
     Trans-Pacific Petrochemical Indotama     24,218,613      13,994,395       Trans-Pacific Petrochemical Indotama
     PT BBN Airlines Indonesia                13,953,418               --                 PT BBN Airlines Indonesia
     Paxocean Singapore Pte Ltd               12,173,872               --               Paxocean Singapore Pte Ltd
     PT Travira Air                           11,517,139      12,381,017                               PT Travira Air
     PT Kalibesar Raya Utama                  11,372,026       5,996,978                   PT Kalibesar Raya Utama
     PT Fresnel Perdana Mandiri                9,379,319       6,216,009                 PT Fresnel Perdana Mandiri
     PT Liberty & General Risk Services        6,437,663               --         PT Liberty & General Risk Services
     PT Axle Asia                              6,363,705      12,398,397                                PT Axle Asia
     PT Sedana Pasifik Servistama              5,874,990       8,378,164              PT Sedana Pasifik Servistama
     PT Bormindo Nusantara                     4,702,256       5,691,016                     PT Bormindo Nusantara
     PT Indobaruna Bulk Transport              4,119,381               --              PT Indobaruna Bulk Transport
     PT IBS Insurance Broking Service          3,769,159       1,781,221           PT IBS Insurance Broking Service
     PT Golden Ocean Line                      3,459,374               --                      PT Golden Ocean Line
     PT Weststar Aviation Services             3,367,169       1,730,376              PT Weststar Aviation Services
     PT Talisman Insurance Brokers             3,314,152               --            PT Talisman Insurance Brokers
     PT Mitra Cipta Proteksindo                3,227,846       1,160,136                  PT Mitra Cipta Proteksindo
     PT Tri Dharma Proteksi                    3,121,740       3,637,341                      PT Tri Dharma Proteksi
     Bussan Auto Finance                       3,048,109       5,406,148                        Bussan Auto Finance
     PT Mitra Harmoni Insurance Brokers        2,744,866       2,390,326         PT Mitra Harmoni Insurance Brokers
     PT Sayap Garuda Indah                     2,703,855       1,147,011                     PT Sayap Garuda Indah
     PT Batik Air                              2,576,450     115,736,922                                 PT Batik Air
     PT Shinta Inserve                         2,522,753       2,498,008                           PT Shinta Inserve
     PT Indonesia Marowali Industrial Park     2,391,715       2,017,028       PT Indonesia Marowali Industrial Park
     PT Adonai Pialang Asuransi                2,216,966      15,496,555                 PT Adonai Pialang Asuransi
     PT Estika Jasatama                        2,193,832       1,045,778                         PT Estika Jasatama
     PT Howden Insurance Brokers Indonesia     2,181,701               --    PT Howden Insurance Brokers Indonesia
     PT Daidan Utama Pialang Asuransi          2,122,941       2,907,872          PT Daidan Utama Pialang Asuransi
     PT Indosurance Broker Utama               1,821,745       1,631,957              PT Indosurance Broker Utama
     PT Nomad Aviation Indonesia               1,752,011       2,174,642               PT Nomad Aviation Indonesia
     PT Wings Abadi                            1,623,708      42,591,069                             PT Wings Abadi
     PT Pura Wisata Baruna                     1,574,270       1,454,584                      PT Pura Wisata Baruna
     PT Krida Upaya Tunggal                    1,573,311       1,216,563                     PT Krida Upaya Tunggal
     PT Super Air Jet                          1,511,349      63,520,675                             PT Super Air Jet
     PT Sinergi Adi Utama                      1,478,942       1,818,154                        PT Sinergi Adi Utama



                                                     64
Page 552
PT ASURANSI TUGU PRATAMA INDONESIA TBK                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                             unless otherwise stated)

                                                  2023             2022
                                                   Rp               Rp
     PT Pertamina EP - TAC                                                                      PT Pertamina EP - TAC
       Pertalahan Arnebatara Natuna               1,442,722        1,472,201            Pertalahan Arnebatara Natuna
     PT Fistlight Indonesia                       1,383,612        3,392,056                       PT Fistlight Indonesia
     PT Antara Intermediary Indonesia             1,368,759        1,187,258           PT Antara Intermediary Indonesia
     PT Menzies Aviation Indonesia                1,302,513        1,329,128             PT Menzies Aviation Indonesia
     Minarak Brantas Gas, INC                     1,300,725        1,327,303                  Minarak Brantas Gas, INC
     PT Mega Central Finance                        985,027        2,042,580                   PT Mega Central Finance
     Mega Auto Finance                              984,793        1,090,401                         Mega Auto Finance
     PT Indo Lautan Energi                          578,848        1,099,688                      PT Indo Lautan Energi
     Chevron Makassar Ltd                           455,367        1,262,393                      Chevron Makassar Ltd
     PT Tri Wahana Universal                         18,740        1,274,300                   PT Tri Wahana Universal
     Pialang Asuransi Indotekno                       1,761        1,528,959                 Pialang Asuransi Indotekno
     PT Zhejiang Tenaga                                                                             PT Zhejiang Tenaga
        Pembangunan Indonesia                             --        2,131,393                Pembangunan Indonesia
     PT Dok Bahari Nusantara                              --      111,954,300                  PT Dok Bahari Nusantara
     PT AA Pialang Asuransi                               --       50,852,667                   PT AA Pialang Asuransi
     Anugerah Atma Adiguna                                --        9,682,780                   Anugerah Atma Adiguna
     PT Jawa Satu Regas                                   --        3,362,676                      PT Jawa Satu Regas
     CV Kia                                               --        3,150,000                                      CV Kia
     PT Fokus Solusi Proteksi                             --        1,437,597                  PT Fokus Solusi Proteksi
     Chevron Ganal Ltd                                    --        1,006,995                        Chevron Ganal Ltd
     Lainnya (dibawah 1.000.000)                 59,684,859       143,967,359                  Others (below 1,000,000)
     Sub-jumlah                                 937,148,957     1,384,950,825                                 Sub-total
     Jumlah Perseroan                          1,583,463,545    1,735,237,405                       Total The Company
     Dikurangi penyisihan                                                                                Less allowance
        kerugian penurunan nilai                (41,085,474)     (46,451,448)                    for impairment losses
     Jumlah Perseroan - neto                   1,542,378,071    1,688,785,957                      Total Company - net
     Entitas anak                                                                                          Subsidiaries
     Pihak berelasi (catatan 39)                 38,572,896       34,008,508                  Related parties (note 39)
     Pihak ketiga                                                                                        Third parties
     PT Marsh Reinsurance                                                                        PT Marsh Reinsurance
       Brokers Indonesia                         33,918,620       24,240,411                         Brokers Indonesia
     AON Reinsurance Solutions Asia              27,668,457                --           AON Reinsurance Solutions Asia
     PT Simas Reinsurance Brokers                24,251,932       19,298,395              PT Simas Reinsurance Brokers
     PT Trinity Reinsurance Brokers              16,149,747       12,705,031              PT Trinity Reinsurance Brokers
     PT Asuransi Wahana Tata                     13,974,975       13,344,605                   PT Asuransi Wahana Tata
     PT Asuransi MSIG Indonesia                  13,450,852       24,823,534                PT Asuransi MSIG Indonesia
     PT Asuransi Central Asia                    12,892,568       16,497,572                    PT Asuransi Central Asia
     PT CBDANH Pialang Reasuransi                11,417,017       11,497,015            PT CBDANH Pialang Reasuransi
     PT Reasuransi Nasional Indonesia             8,884,906        9,701,487         PT Reasuransi Nasional Indonesia
     PT IBS Reinsurance Brokers                   8,625,957        5,100,233                 PT IBS Reinsurance Brokers
     PT Asuransi Astra Buana                      8,445,093        3,329,800                    PT Asuransi Astra Buana
     PT AXA Financial Indonesia                   7,775,529        7,807,875                 PT AXA Financial Indonesia
     PT Lippo General Insurance Tbk               7,581,578        6,994,933             PT Lippo General Insurance Tbk
     PT Willis Reinsurance Brokers Indonesia      6,743,658        1,328,455    PT Willis Reinsurance Brokers Indonesia
     PT Maskapai Reasuransi Indonesia Tbk         6,451,790       39,118,808     PT Maskapai Reasuransi Indonesia Tbk
     PT Asia Reinsurance Brokers Indonesia        5,805,572                --       PT Asuransi Jiwa Inhealth Indonesia
     PT Asuransi Jiwa Nasional                    5,574,068       24,693,026                  PT Asuransi Jiwa Nasional
     PT Aon Reinsurance Brokers Indonesia         5,483,070       13,801,110     PT Aon Reinsurance Brokers Indonesia
     Minkfair Insurance Brokers Limited           4,012,019                --        Minkfair Insurance Brokers Limited
     PT Asuransi Ramayana Tbk                     3,772,249        1,061,322                 PT Asuransi Ramayana Tbk
     China Taiping                                                                                         China Taiping
        Insurance (HK) Company Ltd                3,648,334        4,693,992              Insurance (HK) Company Ltd


                                                         65
Page 553
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

                                                2023                2022
                                                 Rp                  Rp
     PT Zurich Asuransi Indonesia               3,328,355           2,980,402               PT Zurich Asuransi Indonesia
     SeaQuest Intermediaries (L) Ltd            3,221,183           3,002,450            SeaQuest Intermediaries (L) Ltd
     PT Adhi Lintas Tanase                      2,799,540           3,425,168                       PT Adhi Lintas Tanase
     PT Asuransi Etiqa                                                                                  PT Asuransi Etiqa
        Internasional Indonesia                 2,644,397           2,436,153                    Internasional Indonesia
     PT Asuransi Rama Satria Wibawa             2,598,309           2,808,991          PT Asuransi Rama Satria Wibawa
     PT Asuransi Intra Asia                     2,431,663           2,643,638                       PT Asuransi Intra Asia
     Homcheong Insurance Brokers Limited        1,534,089                   --    Homcheong Insurance Brokers Limited
     Willis Insurance Brokers Co. Ltd             642,277          30,362,961            Willis Insurance Brokers Co. Ltd
     PT Asuransi Tri Pakarta                            --          3,070,074                      PT Asuransi Tri Pakarta
     PT Asuransi FPG Indonesia                          --          2,231,039                 PT Asuransi FPG Indonesia
     PT Asuransi Jiwa Generali Indonesia                --          1,964,061       PT Asuransi Jiwa Generali Indonesia
     PT. Esa Bina Sejati                                --          1,806,169                          PT. Esa Bina Sejati
     PT Jaya Proteksindo Sakti Reinsurance              --          1,590,074    PT Jaya Proteksindo Sakti Reinsurance
     PT Prima Perkasa Raya                              --          1,160,690                      PT Prima Perkasa Raya
     PT Mega Jasa Reinsurance Brokers                   --            979,057        PT Mega Jasa Reinsurance Brokers
     UIB Asia Reinsurance Brokers Pte Ltd               --            700,976      UIB Asia Reinsurance Brokers Pte Ltd
     JB Boda & Co (S) Pte.Ltd. - Singapore              --            522,371     JB Boda & Co (S) Pte.Ltd. - Singapore
     PT Asuransi Cakrawala                                                                         PT Asuransi Cakrawala
        Proteksi Indonesia                                  --        273,485                         Proteksi Indonesia
     Willis Hong Kong Ltd                                   --        175,470                         Willis Hong Kong Ltd
     Century Insurance Brokers Company Ltd                  --     29,468,163    Century Insurance Brokers Company Ltd
     Guy Carpenter & Co Ltd                                 --     16,818,751                      Guy Carpenter & Co Ltd
     Arthur J Gallagher & Co.                               --      5,877,943                     Arthur J Gallagher & Co.
     Lch Lockton Pte Ltd                                    --      5,542,166                          Lch Lockton Pte Ltd
     PT Asuransi Dayin Mitra Tbk                            --      4,473,375                PT Asuransi Dayin Mitra Tbk
     PT Sun Life Financial Indonesia                                1,292,515             PT Sun Life Financial Indonesia
     PT IBU Reinsurance Broker Utama                    --          2,134,286         PT IBU Reinsurance Broker Utama
     Lainnya (dibawah 1.000.000)               58,786,309          28,121,646                    Others (below 1,000,000)
     Sub-jumlah                               314,514,113         395,899,678                                   Sub-total
     Jumlah entitas anak                      353,087,009         429,908,186                         Total subsidiaries
     Dikurangi penyisihan                                                                                 Less allowance
        kerugian penurunan nilai              (36,434,300)        (43,359,647)                    for impairment losses
     Jumlah entitas anak - neto               316,652,709         386,548,539                    Total subsidiaries - net
     Jumlah - neto                           1,859,030,780       2,075,334,496                                 Total - net


    Saldo piutang kontribusi pada 31 Desember                       As of December 31, 2023 and 2022,
    2023 dan 2022, pada Unit Bisnis Syariah                         contribution receivables in Sharia Business
    masing-masing         adalah       sebesar                      Unit amounted to Rp14,360,326 and
    Rp14.360.326 dan Rp8.356.835 (Catatan                           Rp8,356,835, respectively (Note 44).
    44).

    Rincian piutang premi dan sesi berdasarkan                      The premium and cession receivables based
    jenis asuransi adalah sebagai berikut:                          on class of business are as follows:




                                                       66
Page 554
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

                                                2023              2022
                                                 Rp                Rp
     Perseroan                                                                                      The Company
     Piutang Premi                                                                          Premium Receivables
       Penerbangan                             394,485,490       725,218,640                           Aviation
       Kebakaran                               451,565,065       310,572,652                               Fire
       Pengangkutan                            134,873,963       197,965,549                      Marine Cargo
       Offshore                                 83,488,202       116,155,200                          Offshore
       Rekayasa                                282,537,353       114,427,687                       Engineering
       Lainnya                                 236,513,472       270,897,677                     Miscellaneous
     Sub-jumlah - Perseroan                  1,583,463,545     1,735,237,405                            Sub-total
       Penyisihan kerugian penurunan nilai    (41,085,474)      (46,451,448)     Allowance for impairment losses
     Sub-jumlah - Perseroan, neto            1,542,378,071     1,688,785,957        Sub total - The Company, net
     Entitas anak                                                                                    Subsidiaries
     Piutang Sesi                                                                            Cession Receivables
       Kebakaran                              177,600,948       176,156,982                                Fire
       Rekayasa                                29,863,803        37,603,951                        Engineering
       Penerbangan                             27,968,112        27,168,199                            Aviation
       Pengangkutan                            23,438,600        21,436,165                       Marine Cargo
       Lainnya                                 94,215,546       167,542,889                      Miscellaneous
     Sub-jumlah - entitas anak                353,087,009       429,908,186                             Sub-total
     Penyisihan kerugian penurunan nilai      (36,434,300)      (43,359,647)       Allowance for impairment losses
     Sub-jumlah - entitas anak, neto          316,652,709       386,548,539           Sub total - subsidiaries, net
     Jumlah piutang premi dan                                                         Total premium and cession
       sesi, neto                            1,859,030,780     2,075,334,496                   receivables, net

    Piutang premi dan sesi berdasarkan mata                       The premium and cession receivables based
    uang adalah sebagai berikut:                                  on currencies are as follows:
                                                2023              2022
                                                 Rp                Rp
     Perseroan                                                                                      The Company
     Piutang Premi                                                                         Premium Receivables
     Dolar Amerika Serikat                   1,248,377,948     1,282,228,512                   United States Dollar
     Rupiah                                    332,901,317       450,836,437                               Rupiah
     Dolar Singapura                             1,997,944         1,320,280                       Singapore dollar
     Euro                                          118,542           729,679                                  Euro
     Yen Jepang                                     22,669            42,530                         Japanese Yen
     Mata uang lain                                 45,125            79,967                      Other currencies
     Sub-jumlah - Perseroan                  1,583,463,545     1,735,237,405             Sub total - The Company
     Penyisihan kerugian penurunan nilai      (41,085,474)      (46,451,448)        Allowance for impairment losses
     Sub-jumlah - Perseroan, neto            1,542,378,071     1,688,785,957         Sub total - The Company, net
     Entitas anak                                                                                     Subsidiaries
     Piutang Sesi                                                                            Cession Receivables
     Dolar Amerika Serikat                    228,463,937       252,747,276                    United States Dollar
     Rupiah                                    95,048,737       172,661,182                                 Rupiah
     Dolar Hong Kong                           12,099,146                 --                      Hong Kong dollar
     Mata uang lain                            17,475,189         4,499,728                       Other currencies
     Sub jumlah - entitas anak                353,087,009       429,908,186                Sub total - subsidiaries
     Penyisihan kerugian penurunan nilai      (36,434,300)      (43,359,647)        Allowance for impairment losses
     Sub-jumlah - entitas anak, neto          316,652,709       386,548,539           Sub total - subsidiaries, net
     Jumlah piutang premi dan                                                          Total premium and cession
       sesi, neto                            1,859,030,780     2,075,334,496                    receivables, net

                                                       67
Page 555
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    Rincian piutang premi dan sesi berdasarkan                   The details of premium and cession
    umur piutang adalah sebagai berikut:                         receivables based on aging are as follows:
                                              2023               2022
                                               Rp                 Rp
     Perseroan                                                                                         The Company
     Piutang Premi                                                                           Premium Receivables
     Belum jatuh tempo                     1,305,244,984      1,313,683,025                           Current-not due
     Telah jatuh tempo:                                                                                    Past due:
       Kurang dari 90 hari                   187,036,006        166,035,704                     Less than 90 days
       90-180 hari                            42,762,018         80,643,057                            90-180 days
       181-360 hari                           14,846,126         33,393,786                           181-360 days
       Lebih dari 360 hari                    33,574,411        141,481,833                   More than 360 days
     Sub-jumlah - Perseroan                1,583,463,545      1,735,237,405                Sub total - The Company
     Penyisihan kerugian penurunan nilai    (41,085,474)       (46,451,448)          Allowance for impairment losses
     Sub-jumlah - Perseroan, neto          1,542,378,071      1,688,785,957            Sub total - The Company, net
     Entitas anak                                                                                       Subsidiaries
     Piutang Sesi                                                                              Cession Receivables
     Belum jatuh tempo                      191,777,290        278,613,064                           Current-not due
     Telah jatuh tempo:                                                                                     Past due:
       Kurang dari 90 hari                   68,732,343         32,428,114                      Less than 90 days
       90-180 hari                           30,603,290         28,433,448                             90-180 days
       181-360 hari                          17,273,115          4,826,512                           181-360 days
       Lebih dari 360 hari                   44,700,971         85,607,048                     More than 360 days
     Sub-jumlah - entitas anak              353,087,009        429,908,186                   Sub total - subsidiaries
     Penyisihan kerugian penurunan nilai    (36,434,300)       (43,359,647)          Allowance for impairment losses
     Sub-jumlah - entitas anak, neto        316,652,709        386,548,539              Sub total - subsidiaries, net
     Jumlah piutang premi dan                                                            Total premium and cession
       sesi, neto                          1,859,030,780      2,075,334,496                       receivables, net


    Perubahan penyisihan kerugian penurunan                      Changes in the allowance for impairment
    nilai adalah sebagai berikut:                                losses are as follows:
                                              2023               2022
                                               Rp                 Rp

     Perseroan                                                                                         The Company
     Piutang Premi                                                                            Premium Receivables
     Saldo awal tahun                       (46,451,448)       (69,793,231)                 Balance at beginning year
     Pemulihan                                32,547,999         30,639,977                                Recovery
     Penambahan                             (27,182,025)        (7,298,194)                                 Addition
     Saldo akhir tahun                                                                        Balance at end of year
       - Perseroan                          (41,085,474)       (46,451,448)                        - the Company
     Entitas anak                                                                                        Subsidiaries
     Piutang Premi dan Sesi                                                      Cession and Premium Receivables
     Saldo awal tahun                       (43,359,647)       (36,173,442)                  Balance at beginning year
     Pemulihan                                 6,925,347            444,695                                 Recovery
     Penambahan                                        --       (5,143,394)                                  Addition
     Dampak revaluasi mata uang                        --       (2,487,506)        Effect of exchange rate revaluation
     Saldo akhir tahun                                                                        Balance at end of year
       - entitas anak                       (36,434,300)       (43,359,647)                          - subsidiaries

     Jumlah akhir tahun                     (77,519,774)       (89,811,095)                   Balance at end of year



    Lihat Catatan 39 untuk rincian saldo dan                     Refer to Note 39 for details of related parties
    transaksi pihak berelasi.                                    balances and transactions.

    Berdasarkan analisis atas status saldo                       Based on the review of the status of premiums
    piutang premi dan sesi pada akhir tahun,                     and cession receivable accounts at the end of
                                                     68
Page 556
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

     Manajemen Grup berpendapat bahwa                         year, the Group management believes that
     jumlah penyisihan kerugian penurunan nilai               the allowance for impairment losses is
     yang dibentuk cukup untuk menutupi                       adequate to cover for possible losses that
     kemungkinan kerugian yang mungkin timbul                 may arise from uncollectible premium and
     atas tidak tertagihnya piutang premi dan                 cession receivables.
     sesi.


7.   Piutang Koasuransi                                    7. Coinsurance Receivables

     Akun ini merupakan tagihan premi kepada                  This     account  represents  outstanding
     entitas asuransi lain atas penutupan polis               premiums to other insurance entities on
     bersama dengan rincian sebagai berikut:                  coinsurance arrangement, with details as
                                                              follows:
                                             2023              2022
                                              Rp                Rp


     Pihak berelasi (catatan 39)           143,420,266        54,600,728               Related parties (note 39)
     Pihak ketiga                                                                                    Third parties
     PT Marsh Indonesia                    193,110,314        62,850,831                      PT Marsh Indonesia
     PT Asuransi Ramayana                   48,986,600         2,711,493                  PT Asuransi Ramayana
     PT Asuransi Central Asia               11,343,815           373,084                 PT Asuransi Central Asia
     PT Citra International Underwriters     8,274,093         8,416,443       PT Citra International Underwriters
     PT Mitra Iswara & Rorimpandey           4,536,684           603,593         PT Mitra Iswara & Rorimpandey
     PT Kalibesar Raya Utama                 3,101,416         3,117,266                PT Kalibesar Raya Utama
     PT Talisman Insurance Brokers           2,559,370         1,905,410         PT Talisman Insurance Brokers
     PT Asuransi Wahana Tata                 1,982,510         2,451,524               PT Asuransi Wahana Tata
     PT Asuransi Adira Dinamika Tbk            922,164                 --       PT Asuransi Adira Dinamika Tbk
     PT AON Indonesia                          810,452         1,930,578                        PT Aon Indonesia
     PT Sedana Pasifik Servistama              624,083           923,228          PT Sedana Pasifik Servistama
     PT AA Pialang Asuransi                    247,294                 --                 PT AA Pialang Asuransi
     Lainnya (dibawah 1.000.000)            19,452,285        20,825,071                 Others (below 1,000,000)
     Jumlah pihak ketiga                   295,951,080       106,108,521                      Total subsidiaries
     Jumlah                                439,371,346       160,709,249                                    Total
     Dikurangi penyisihan                                                                         Less allowance
        kerugian penurunan nilai           (16,492,422)      (31,728,139)                 for impairment losses
     Jumlah - neto                         422,878,924       128,981,110                               Total - net


     Piutang koasuransi berdasarkan mata uang                 The coinsurance receivables           based      on
     adalah sebagai berikut:                                  currencies are as follows:

                                             2023              2022
                                              Rp                Rp
     Piutang Koasuransi                                                              Coinsurance Receivables
     Dolar Amerika Serikat                 415,404,349       131,134,908                   United States Dollar
     Rupiah                                 23,603,541        29,552,897                               Rupiah
     Dolar Singapura                           313,024                 --                      Singapore dollar
     Euro                                          358                 --                                 Euro
     Yen Jepang                                      --            3,006                         Japanese Yen
     Mata uang lain                             50,074            18,438                      Other currencies
     Sub-jumlah                            439,371,346       160,709,249                            Sub-total
     Penyisihan kerugian penurunan nilai   (16,492,422)      (31,728,139)        Allowance for impairment losses
     Jumlah piutang                                                                          Total coinsurance
       koasuransi - neto                   422,878,924       128,981,110                         receivable - net

                                                    69
Page 557
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    Rincian piutang koasuransi berdasarkan                    Details of coinsurance receivables based on
    jenis asuransi adalah sebagai berikut:                    class of business are as follows:

                                             2023              2022
                                              Rp                Rp
     Kebakaran                              386,934,946       18,065,964                                   Fire
     Offshore                                29,980,028       43,102,373                              Offshore
     Rekayasa                                 5,484,126        9,348,143                           Engineering
     Penerbangan                                756,848          340,105                               Aviation
     Pengangkutan                               509,879          581,071                         Marine Cargo
     Lainnya                                 15,705,519       89,271,593                        Miscellaneous
     Jumlah                                 439,371,346      160,709,249                                 Total
     Dikurangi penyisihan kerugian                                                          Less allowance for
       penurunan nilai                     (16,492,422)      (31,728,139)                 impairment losses
     Jumlah piutang                                                                        Total coinsurance
       koasuransi - neto                    422,878,924      128,981,110                    receivable - net



    Rincian piutang koasuransi berdasarkan                    The details of coinsurance receivables based
    umur piutang adalah sebagai berikut:                      on aging are as follows:

                                             2023              2022
                                              Rp                Rp
     Belum jatuh tempo                      243,573,301       79,352,906                       Current-not due
     Telah jatuh tempo:                                                                             Past due:
       Kurang dari 90 hari                  147,767,760        9,310,813                  Less than 90 days
       90-180 hari                           20,459,949        5,536,496                        90-180 days
       181-360 hari                           7,146,742       11,720,660                       181-360 days
       Lebih dari 360 hari                   20,423,594       54,788,374                 More than 360 days
     Jumlah                                 439,371,346      160,709,249                                 Total
     Dikurangi penyisihan kerugian                                                           Less allowance for
       penurunan nilai                     (16,492,422)      (31,728,139)                  impairment losses
     Jumlah piutang                                                                         Total coinsurance
       koasuransi - neto                    422,878,924      128,981,110                     receivable - net



    Perubahan penyisihan kerugian penurunan                   Changes in the allowance for impairment
    nilai adalah sebagai berikut:                             losses are as follows:

                                             2023              2022
                                              Rp                Rp

     Saldo awal tahun                      (31,728,139)      (30,481,444)             Balance at beginning year
     Pemulihan                               16,923,066                --                             Reversal
     Penambahan                             (1,687,349)       (1,246,695)                             Additions
     Saldo akhir tahun                     (16,492,422)      (31,728,139)               Balance at end of year


    Berdasarkan analisis atas status saldo                    Based on the review of the status of
    piutang koasuransi pada akhir tahun,                      coinsurance receivables account at the end of
    Manajemen berpendapat bahwa jumlah                        year, Management is of the opinion that the
    penyisihan kerugian penurunan nilai yang                  allowance for impairment losses is adequate
    dibentuk       cukup      untuk     menutupi              to cover for possible losses that may arise
    kemungkinan kerugian yang mungkin timbul                  from uncollectible coinsurance receivables.
    atas tidak tertagihnya piutang koasuransi.




                                                    70
Page 558
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

8.   Piutang Reasuransi Dan Retrosesi                        8. Reinsurance And Retrocession
                                                                Receivables
                                                2023             2022
                                                 Rp               Rp

     Perseroan                                                                                         The Company
     Pihak berelasi (catatan 39)              208,845,667       98,726,932                  Related parties (note 39)
     Pihak ketiga                                                                                       Third parties
     PT JLT Reinsurance Brokers                72,825,977        7,607,200               PT JLT Reinsurance Brokers
     Arthur J Gallagher (UK) Ltd               40,540,674       38,258,073                Arthur J Gallagher (UK) Ltd
     Willis Ltd                                26,240,024       11,386,607                                  Willis Ltd
     PT Marsh Reinsurance                                                                      PT Marsh Reinsurance
       Brokers Indonesia                        6,708,072       59,904,734                       Brokers Indonesia
     Marsh Ltd                                  6,667,328        4,141,125                                 Marsh Ltd
     PT Asuransi Central Asia                   5,076,578        5,076,578                  PT Asuransi Central Asia
     BEST Reinsurance                           4,872,090        3,053,322                        BEST Reinsurance
     PT Trinityre                               3,933,105        2,071,059                                PT Trinityre
     PT Chubb General Insurance Indonesia       3,629,959        3,488,841    PT Chubb General Insurance Indonesia
     PT Staco Jasa Pratama                      2,768,140        1,782,176                    PT Staco Jasa Pratama
     Munichre Service Limited                   1,937,753       85,077,649                  Munichre Service Limited
     PT AIG Insurance Indonesia                         --      27,954,474               PT AIG Insurance Indonesia
     Asia Capital Reinsurance Group Pte Ltd             --       5,739,960    Asia Capital Reinsurance Group Pte Ltd
     Lainnya (dibawah 1.000.000)              114,970,656        4,626,187                  Others (below 1,000,000)
     Sub-jumlah                               290,170,356      260,167,985                                  Sub-total
     Jumlah Perseroan                         499,016,023      358,894,917                       Total The Company
     Dikurangi penyisihan                                                                             Less allowance
        kerugian penurunan nilai              (69,643,027)     (54,312,054)                   for impairment losses
     Jumlah Perseroan - neto                  429,372,996      304,582,863                      Total Company - net
     Entitas anak                                                                                       Subsidiaries
     Pihak berelasi (catatan 39)                6,157,071        3,884,885                  Related parties (note 39)
     Pihak ketiga                                                                                        Third parties
     Guy Carpenter & Company, LLC              51,131,776       30,046,540          Guy Carpenter & Company, LLC
     AM Trust Europe Limited                   46,377,843                --                  AM Trust Europe Limited
     Samsung Fire & Marine Insurance CoLtd     13,423,355                --   Samsung Fire & Marine Insurance CoLtd
     Hannover Ruck - Malaysia                  12,711,609                --                Hannover Ruck - Malaysia
     Asia Reinsurance Brokers Pte Ltd          10,421,082       26,361,535         Asia Reinsurance Brokers Pte Ltd
     Marsh Reinsurance Brokers                  5,894,571       13,523,946               Marsh Reinsurance Brokers
     AON Reinsurance Solutions Asia Pte Ltd     2,950,530       12,040,581    AON Reinsurance Solutions Asia Pte Ltd
     Trinity Reinsurance Brokers Ltd                    --       8,813,715           Trinity Reinsurance Brokers Ltd
     Willis Towers Watson                       4,333,732        4,784,067                      Willis Towers Watson
     Brokers Pvt Ltd                                    --       2,293,750                          Brokers Pvt Ltd
     Lainnya (dibawah 1.000.000)              102,755,617       12,946,091                  Others (below 1,000,000)
     Sub-jumlah                               250,000,115      110,810,225                                  Sub-total
     Jumlah entitas anak                      256,157,186      114,695,110                         Total subsidiaries
     Dikurangi penyisihan                                                                             Less allowance
        kerugian penurunan nilai              (29,936,148)     (31,385,852)                   for impairment losses
     Jumlah entitas anak - neto               226,221,038       83,309,258                    Total subsidiaries - net
     Jumlah - neto                            655,594,034      387,892,121                               Total - net


     Saldo piutang reasuransi pada 31 Desember                  As of December 31, 2023 and 2022,
     2023 dan 2022, pada Unit Bisnis Syariah                    reinsurance receivables in Sharia Business
     masing-masing adalah sebesar Rp8.558.954                   Unit amounted to Rp8,558,954 and Rp52,832
     dan Rp52.832 (Catatan 44).                                 respectively (Note 44).

                                                       71
Page 559
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    Piutang    reasuransi dan    retrosesi                    The reinsurance and retrocession receivables
    berdasarkan mata uang adalah sebagai                      based on currencies are as follows:
    berikut:

                                             2023              2022
                                              Rp                Rp
     Perseroan                                                                                   The Company
     Piutang reasuransi                                                               Reinsurance receivables
     Dolar Amerika Serikat                 409,598,453      285,983,735                    United States Dollar
     Rupiah                                 59,473,524       56,006,127                                Rupiah
     Dolar Hong Kong                            29,534           47,043                      Hong Kong Dollar
     Mata uang lainnya                      29,914,512       16,858,012                       Other currencies
     Sub-Jumlah                             499,016,023      358,894,917                             Sub-total
     Penyisihan kerugian penurunan nilai   (69,643,027)      (54,312,054)        Allowance for impairment losses
     Sub-jumlah - Perseroan, neto          429,372,996       304,582,863          Sub total - the Company, net
     Entitas anak                                                                                  Subsidiaries
     Piutang reasuransi                                                                      Reinsurance and
     dan retrosesi                                                                    retrocession receivables
     Dolar Amerika Serikat                 165,894,653       80,403,912                     United States Dollar
     Rupiah                                 78,983,627       34,063,372                                 Rupiah
     Dolar Hongkong                          7,905,491                 -                       Hongkong Dollar
     Mata uang lainnya                       3,373,415          227,826                        Other currencies
     Jumlah                                 256,157,186      114,695,110                              Sub-total
     Penyisihan kerugian penurunan nilai   (29,936,148)      (31,385,852)        Allowance for impairment losses
     Sub-jumlah - entitas anak, neto       226,221,038        83,309,258           Sub total - subsidiaries, net
     Jumlah piutang reasuransi dan                                                       Total reinsurance and
     retrosesi, neto                       655,594,034       387,892,121          retrocession receivables, net


    Rincian piutang reasuransi dan retrosesi                  Details of reinsurance and retrocession
    berdasarkan umur piutang adalah sebagai                   receivable based on aging receivable are as
    berikut:                                                  follow:

                                             2023              2022
                                              Rp                Rp
     Perseroan                                                                                   The Company
     Piutang reasuransi                                                               Reinsurance receivables
     Belum jatuh tempo                       7,945,224        10,695,059                        Current-not due
     Telah jatuh tempo:                                                                              Past due:
       Kurang dari 90 hari                 227,472,168       193,100,071                   Less than 90 days
       90-180 hari                          89,517,275        11,478,828                         90-180 days
       181-360 hari                         25,679,606         3,964,204                        181-360 days
       Lebih dari 360 hari                 148,401,750       139,656,755                  More than 360 days
     Jumlah                                499,016,023       358,894,917                                  Total
     Penyisihan kerugian penurunan nilai   (69,643,027)      (54,312,054)        Allowance for impairment losses
     Total piutang reasuransi                                                    Total reinsurance receivables
       - Perseroan, neto                   429,372,996       304,582,863                  - the Company, net




                                                    72
Page 560
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                               2023              2022
                                                Rp                Rp
     Entitas anak                                                                                     Subsidiaries
     Piutang retrosesi                                                                   Retrocession receivables
     Belum jatuh tempo                        97,349,162      106,180,406                          Current-not due
     Telah jatuh tempo:                                                                                  Past due:
       Kurang dari 90 hari                    68,830,777      (64,942,584)                     Less than 90 days
       90-180 hari                            17,582,905         3,231,465                           90-180 days
       181-360 hari                            1,698,760        15,094,508                         181-360 days
       Lebih dari 360 hari                    70,695,582        55,131,315                   More than 360 days
     Jumlah                                  256,157,186      114,695,110                                    Total
     Penyisihan kerugian penurunan nilai    (29,936,148)      (31,385,852)          Allowance for impairment losses
     Total piutang reasuransi                                                        Total reinsurance receivables
       - entitas anak, neto                  226,221,038       83,309,258                      - subsidiaries, net
     Jumlah piutang reasuransi                                                              Total reinsurance and
       dan retrosesi, neto                   655,594,034      387,892,121          retrocession receivables, net


    Perubahan penyisihan kerugian penurunan                     Changes in the allowance for impairment
    nilai untuk piutang reasuransi dan retrosesi                losses for reinsurance and retrocession
    adalah sebagai berikut:                                     receivables are as follows:

                                              2023              2022
                                               Rp                Rp
     Perseroan                                                                                       The Company
     Piutang reasuransi                                                                   Reinsurance receivables
     Saldo awal tahun                       (54,312,054)      (61,931,442)                Beginning balance of year
     Penambahan                             (32,301,920)                 --                              Additional
     Pemulihan                                16,970,947         7,619,388                               Recovery
     Saldo akhir tahun -                                                                  Balance at end of year -
       Perseroan                            (69,643,027)      (54,312,054)                        the Company
     Entitas anak                                                                                      Subsidiaries
     Piutang retrosesi                                                                      Retrocession receivables
     Saldo awal tahun                       (31,385,852)      (28,057,537)                 Beginning balance of year
     Penambahan                                       --         (935,489)                                 Additional
     Dampak revaluasi mata uang asing                 --       (2,471,481)       Effect of exchange rate revaluation
     Pemulihan                                1,449,704            78,655                                  Recovery
     Saldo akhir tahun -                                                                    Balance at end of year -
       entitas anak                         (29,936,148)      (31,385,852)                           subsidiaries
     Jumlah akhir tahun                     (99,579,175)      (85,697,906)                  Balance at end of year

    Berdasarkan analisa atas status saldo                       Based on the review of the status of
    piutang reasuransi dan retrosesi pada akhir                 reinsurance and retrocession receivable
    tahun, manajemen Grup berpendapat bahwa                     accounts at the end of year, the Group
    jumlah penyisihan kerugian penurunan nilai                  management believes that the allowance for
    yang dibentuk cukup untuk menutupi                          impairment losses is adequate to cover for
    kemungkinan kerugian yang mungkin timbul                    possible losses that may arise from
    atas tidak tertagihnya piutang reasuransi dan               uncollectible reinsurance and retrocession
    retrosesi.                                                  receivables.

    Lihat Catatan 39 untuk rincian saldo dan                    Refer to Note 39 for details of related parties
    transaksi pihak berelasi.                                   balances and transactions.




                                                      73
Page 561
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

9.   Aset Lain-Lain                                         9. Other Assets

                                             2023                2022
                                              Rp                  Rp
     Beban komisi ditangguhkan               212,627,367         183,082,269            Deferred acquisition cost
     Dana jaminan                            146,269,248         141,696,471                        Restricted fund
     Aset reasuransi syariah                   6,284,666           6,008,145           Syariah reinsurance asset
     Persediaan                                5,758,168           5,863,419                              Inventory
     Sertifikat keanggotaan golf               4,037,495           5,441,437          Golf certificate membership
     Beban ditangguhkan                        1,461,813           1,959,003            Deferred acquisition cost
     Perlengkapan kantor                           8,265           1,122,370                        Office supplies
     Lainnya (masing-masing di bawah                                                          Others (each below
       5.000.000)                                 86,592          25,367,637                          5,000,000)
     Jumlah                                  376,533,614         370,540,751                                  Total
     Dikurangi:                                                                                            Less:
     Penyisihan kerugian penurunan                                                      Allowance for impairment
       nilai                                 (2,234,575)          (4,520,117)                           losses
     Jumlah - neto                           374,299,039         366,020,634                           Total - Net


     Perubahan penyisihan kerugian penurunan                   Changes in the allowance for impairment
     nilai untuk asset lain-lain adalah sebagai                losses for other assets are as follows:
     berikut:

                                             2023                2022
                                              Rp                  Rp

     Saldo awal tahun                        (4,520,117)          (2,810,969)        Balance at beginning year
     Pengurangan                              4,520,117                    --                        Recovery
     Penambahan                              (2,234,575)          (1,709,148)                          Addition
     Saldo akhir tahun                       (2,234,575)          (4,520,117)               Balance at end year



     Saldo bagi hasil yang masih harus diterima                As of December 31, 2023 and 2022, ujroh
     oleh dana ujroh pada 31 Desember 2023                     revenue share receivables in Sharia Business
     dan 2022, pada Unit Bisnis Syariah masing-                Unit  amounted      to   Rp1,843,951     and
     masing adalah sebesar Rp1.843.951 dan                     Rp876,896 respectively.
     Rp876.896.

     Aset reasuransi pada 31 Desember 2023                     As of December 31, 2023 and 2022,
     dan 2022, pada Unit Bisnis Syariah masing-                reinsurance assets in Sharia Business Unit
     masing adalah sebesar Rp6.284.666 dan                     amounted to Rp6,284,666 dan Rp6,008,145
     Rp6.008.145 (Catatan 44).                                 respectively (Note 44).

     Pada tanggal 31 Desember 2023 dan 2022,                   As of December 31, 2023 and 2022, time
     deposito     berjangka    Perseroan     yang              deposits of the Company which amount to
     ditempatkan sebesar Rp98.276.759 dan                      Rp98,276,759          and     Rp94,643,536
     Rp94.643.536 digunakan sebagai dana                       respectively, are used as guarantee for
     jaminan yang dibentuk untuk kepentingan                   business agreement. Includes in others there
     perjanjian bisnis. Termasuk di dalam lainnya              are, salvage collateral.
     terdapat jaminan salvage.




                                                    74
Page 562
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                             PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                                   FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                               December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                 (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                  unless otherwise stated)

10.   Aset Tetap - Neto                                                                              10. Fixed Assets - Net
                                                                                    31 Desember/December 31, 2023
                                                                                                                Penyesuaian           Penyesuaian
                                   Saldo awal/                                                                   nilai wajar/          translasi/       Saldo akhir/
                                   Beginning        Penambahan/        Pengurangan/        Reklasifikasi/        Fair value           Translation         Ending
                                    balance          Additions          Deductions       Reclassification       adjustment            adjustment         Balance

      Biaya perolehan                                                                                                                                                                                      Cost
      Tanah                           696,796,650                 --                 --                     --         14,341,117                 --           711,137,767                                Land
      Gedung kantor                   218,710,853         1,722,567                  --             (308,899)          (5,253,698)         (432,922)           214,437,901                     Office buildings
      Kendaraan bermotor              635,507,307       288,576,023                  --         (133,954,776)                    --               --           790,128,554                      Motor vehicles
      Meubel dan perabot Kantor        77,548,474           669,316           (261,631)                     --                   --          (1,845)            77,954,314        Office furniture and fixtures
      Mesin dan peralatan Kantor       27,301,921           748,190         (3,273,253)                     --                   --         (50,758)            24,726,100   Office machines and equipment
      Peralatan komputer               75,880,251        11,734,105            (18,158)             2,957,710                    --         (33,433)            90,520,475                           Computer
      Aset dalam penyelesaian          37,050,586        64,631,971                  --          (62,289,397)                    --               --            39,393,160          Construction in progress
      Sewa guna usaha Kendaraan         7,341,725                 --                 --                     --                   --               --             7,341,725              Leased asset Vehicle
      Total                         1,776,137,767       368,082,172         (3,553,042)         (193,595,362)            9,087,419         (518,958)         1,955,639,996                                Total
      Akumulasi penyusutan                                                                                                                                                         Accumulated depreciation
      Gedung kantor                    11,310,650        12,973,127                  --                      --        (4,705,618)          (34,634)            19,543,525                      Office building
      Kendaraan bermotor              161,629,641        63,763,987                  --           (73,254,878)                  --                --           152,138,750                      Motor vehicles
      Meubel dan perabot Kantor        68,038,617         3,722,488         (1,029,002)                      --                 --             (738)            70,731,365        Office furniture and fixtures
      Mesin dan peralatan Kantor       23,762,153         1,299,714         (2,499,320)                      --                 --          (41,970)            22,520,577   Office machines and equipment
      Peralatan komputer               66,522,714         6,294,126             (9,946)              1,390,107                  --          (11,475)            74,185,526                           Computer
      Sewa guna usaha Kendaraan         1,479,548           737,844                  --                      --                 --                --             2,217,392              Leased asset Vehicle
      Total                           332,743,323        88,791,286         (3,538,268)           (71,864,771)         (4,705,618)          (88,817)           341,337,135                                Total
      Nilai buku neto               1,443,394,444       279,290,886           (14,774)          (121,730,591)          13,793,037          (430,141)         1,614,302,861                   Net book value




                                                                                    31 Desember/December 31, 2022
                                                                                                               Penyesuaian            Penyesuaian
                                   Saldo awal/                                                                  nilai wajar/           translasi/       Saldo akhir/
                                   Beginning        Penambahan/        Pengurangan/        Reklasifikasi/        Fair value           Translation         Ending
                                    balance          Additions          Deductions       Reclassification       adjustment            adjustment         Balance

      Biaya perolehan                                                                                                                                                                                      Cost
      Tanah                           695,014,591                 --                 --                     --          1,782,059                  --          696,796,650                                Land
      Gedung kantor                   150,366,665        17,069,930                  --            48,346,195             918,753          2,009,310           218,710,853                     Office buildings
      Kendaraan bermotor              501,538,075       196,270,163                  --          (62,300,931)                   --                 --          635,507,307                      Motor vehicles
      Meubel dan perabot Kantor        63,695,623         4,998,070            (16,187)             8,860,901                   --            10,067            77,548,474        Office furniture and fixtures
      Mesin dan peralatan Kantor       28,306,912         2,321,148         (4,066,938)               130,582                   --           610,217            27,301,921   Office machines and equipment
      Peralatan komputer               70,514,638         5,171,358            (23,250)               135,822                   --            81,683            75,880,251                           Computer
      Aset dalam penyelesaian          75,041,730        37,903,157            (92,800)          (75,801,501)                   --                 --           37,050,586          Construction in progress
      Sewa guna usaha Kendaraan        56,621,529                 --                 --          (49,279,804)                   --                 --            7,341,725              Leased asset vehicle
      Total                         1,641,099,763       263,733,826         (4,199,175)         (129,908,736)           2,700,812          2,711,277         1,776,137,767                                Total
      Akumulasi penyusutan                                                                                                                                                         Accumulated depreciation
      Gedung kantor                    71,060,913        64,382,180                  --            (2,684,452)       (121,528,363)            80,372            11,310,650                      Office building
      Kendaraan bermotor              147,034,993        51,288,057                  --           (36,693,409)                  --                 --          161,629,641                      Motor vehicles
      Meubel dan perabot Kantor        55,388,327        12,663,261            (16,187)                     --                  --             3,216            68,038,617        Office furniture and fixtures
      Mesin dan peralatan Kantor       25,897,950         1,399,014         (4,059,182)                     --                  --           524,371            23,762,153   Office machines and equipment
      Peralatan komputer               60,978,871         5,530,140             (8,519)                     --                  --            22,222            66,522,714                           Computer
      Sewa guna usaha Kendaraan        22,668,453         6,854,255                (58)           (28,043,102)                  --                 --            1,479,548              Leased asset vehicle
      Total                           383,029,507       142,116,907         (4,083,946)           (67,420,963)       (121,528,363)           630,181           332,743,323                                Total
      Nilai buku neto               1,258,070,256       121,616,919          (115,229)            (62,487,773)        124,229,175          2,081,096         1,443,394,444                   Net book value




      Seluruh beban penyusutan dicatat sebagai                                                                    All depreciation expense is recorded as
      beban usaha.                                                                                                operating expense.

      Rincian dari keuntungan/kerugian penjualan                                                                  The details of gains on disposal of fixed
      aset tetap adalah sebagai berikut:                                                                          assets are as follows:

                                                                              2023                                  2022
                                                                               Rp                                    Rp
      Penerimaan dari penjualan                                                           21,331                               10,187                            Proceeds from disposals
      Nilai buku neto                                                                     14,774                                7,755                                      Net book value
      Laba (rugi) penjualan                                                                                                                                      Gain (loss) on disposal
        aset tetap                                                                         6,557                                 2,432                                  of fixed assets



      Pada tanggal 31 Desember 2023 dan 2022,                                                                     As of December 31, 2023 and 2022 the cost
      biaya perolehan aset tetap yang telah                                                                       of fixed assets which have been fully
      disusutkan penuh tetapi masih digunakan                                                                     depreciated but still being used amounted to
      masing-masing sebesar Rp206.092.094 dan                                                                     Rp206,092,094         and     Rp130,624,411,
      Rp130.624.411.                                                                                              respectively.

      Pada tanggal 31 Desember 2023 dan 2022,                                                                     As of December 31, 2023 and 2022, the
      Grup melakukan peninjauan kembali atas                                                                      Group performed a review on useful life,
      masa manfaat, metode penyusutan, dan nilai                                                                  depreciation method, and residual value of
      residu aset tetap dan menyimpulkan bahwa                                                                    fixed assets and concluded that there was no
      tidak terdapat perubahan atas metode dan                                                                    change     in   those    methodology     and
      asumsi tersebut.                                                                                            assumptions.


                                                                                           75
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

    Pada tanggal 31 Desember 2023 dan 2022                     As of December 31, 2023 and 2022, fixed
    aset tetap yang diasuransikan terhadap                     assets are covered by insurance against
    risiko kebakaran dan risiko lainnya                        losses by fire and other risks under blanket
    berdasarkan suatu paket polis tertentu                     policies to related parties with sum insured of
    kepada pihak berelasi, dengan nilai                        Rp931,542,546        and      Rp1,063,145,290,
    pertanggungan masing-masing sebesar                        respectively,     which,    in    the    Group
    Rp931.542.546     dan    Rp1.063.145.290                   management's opinion, is adequate to cover
    dimana manajemen Grup berpendapat,                         possible losses from such risks.
    bahwa nilai pertanggungan tersebut cukup
    untuk menutup kemungkinan kerugian yang
    timbul    atas     aset    tetap    yang
    dipertanggungkan.

    Nilai wajar tanah dan bangunan Grup pada                   The fair value of the Group’s land and
    tanggal 31 Desember 2023 dan 2022                          buildings as of December 31, 2023 and 2022
    berdasarkan hasil penilaian yang dilakukan                 is based on valuation carried out by
    oleh Kantor Jasa Penilai Publik (KJPP) Ruky                Registered Public Appraisers (KJPP) Ruky
    Safrudin dan Rekan dan Kantor Jasa Penilai                 Safrudin and Rekan and Registered Public
    Publik (KJPP) Antonius Setiady dan Rekan,                  Appraisers (KJPP) Antonius Setiady dan
    penilai independen.                                        Rekan, an independent appraiser.

    Kendaraan milik entitas anak (PMS)                         Kendaraan milik entitas anak (PMS)
    dijaminkan    sebagai  jaminan fasilitas                   dijaminkan sebagai jaminan fasilitas pinjaman
    pinjaman yang diperoleh entitas anak                       yang diperoleh entitas anak tersebut
    tersebut (Catatan 23).                                     (Note 23).

    Manajemen Grup berpendapat bahwa tidak                     The Group’s management believes that there
    terdapat indikasi penurunan nilai atas aset                is no indication of impairment on such fixed
    tetap tersebut.                                            assets.

    Selisih penilaian aset tetap yang dicatat                  Revaluation increment of fixed assets which
    dalam akun “Surplus Revaluasi Aset Tetap”                  are recorded in “Fixed Assets Revaluation
    sebagai     bagian     dari    penghasilan                 Surplus”   account   as     part  of  other
    komprehensif lain pada laporan laba rugi                   comprehensive income in the consolidated
    dan     penghasilan    komprehensif   lain                 statements of profit or loss and other
    konsolidasian adalah sebagai berikut:                      comprehensive income are below:

                                              2023                2022
                                               Rp                  Rp

     Dampak revaluasi aset tetap               13,793,037         124,229,175           Effect of revaluation fixed assets
     Dampak revaluasi yang                                                                           Impact of revaluation
       diatribusikan kepada non pengendali                --        (331,312)   attributable to non-controling interest
     Dampak revaluasi yang                                                                           Impact of revaluation
       diatribusikan kepada pengendali         13,793,037         124,560,487         attributable to controling interest
     Saldo awal                              2,013,558,080      1,888,997,593                          Begining balance
     Saldo akhir                             2,027,351,117      2,013,558,080                           Ending balance

    Grup menyajikan nilai wajar atas tanah dan                 The Group presents the fair value of land and
    gedung kantor berdasarkan hierarki nilai                   office building based on fair value hierarchy
    wajar 3.                                                   level 3.




                                                     76
Page 564
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)

11.   Sewa                                                                               11. Leases

      a.   Aset hak guna                                                                              a. Right of use assets

                                                                                                             Selisih kurs/
                                          31 Desember/           Penambahan/         Pengurangan/             Exchange              31 Desember/
                                        December 31, 2022         Additions           Deductions              Alignment           December 31, 2023

           Biaya Perolehan                                                                                                                                                          At cost
           Properti                               27,758,974           8,102,333               (322,800)              (390,301)              35,148,206                            Property
           Jumlah                                 27,758,974           8,102,333               (322,800)              (390,301)              35,148,206                               Total

           Akumulasi amortisasi                                                                                                                                    Accumulated amortization
             (catatan 35 dan 36)                                                                                                                                        (notes 35 dan 36)
           Properti                           (19,218,807)            (6,230,365)               322,800                335,759              (24,790,613)                           Property
           Jumlah                             (19,218,807)            (6,230,365)               322,800                335,759              (24,790,613)                              Total
           Nilai tercatat                          8,540,167                                                                                 10,357,593               Net carrying amount


                                                                                                             Selisih kurs/
                                          31 Desember/           Penambahan/         Pengurangan/             Exchange              31 Desember/
                                        December 31, 2021         Additions           Deductions              Alignment           December 31, 2022

           Biaya Perolehan                                                                                                                                                          At cost
           Properti                               26,355,835           4,408,183            (5,456,873)               2,451,829              27,758,974                            Property
           Jumlah                                 26,355,835           4,408,183            (5,456,873)               2,451,829              27,758,974                               Total

           Akumulasi amortisasi                                                                                                                                    Accumulated amortization
           Properti                           (16,306,020)            (7,161,511)              5,456,873           (1,208,149)              (19,218,807)                         Property
           Jumlah                             (16,306,020)            (7,161,511)              5,456,873           (1,208,149)              (19,218,807)                              Total
           Nilai tercatat                         10,049,815                                                                                  8,540,167               Net carrying amount



                                                                           31 Desember/December 31, 2023
                                                                                                                        Beban terkait sewa
                                                                                                                        atas asset bernilai
                                             Beban amortisasi/                       Beban bunga/                        rendah/Expenses
                                               Amortization                            Interest                          relating to leases
                                                expenses                              expenses                          of low value assets

           Properti                                             6,230,365                             206,977                                      --                           Property
           Lainnya                                                      --                                  --                               185,274                             Others
           Jumlah                                               6,230,365                             206,977                                185,274                               Total


                                                                           31 Desember/December 31, 2022
                                                                                                                        Beban terkait sewa
                                                                                                                        atas asset bernilai
                                             Beban amortisasi/                       Beban bunga/                        rendah/Expenses
                                               Amortization                            Interest                          relating to leases
                                                expenses                              expenses                          of low value assets

           Properti                                             7,161,511                             215,856                                   --                              Property
           Kendaraan                                                    --                             35,356                                   --                              Vehicles
           Lainnya                                                      --                                  --                          3,520,148                                Others
           Jumlah                                               7,161,511                             251,212                           3,520,148                                  Total



      b.   Liabilitas sewa                                                                            c. Lease liabilities
                                   31 Desember/                              Beban bunga/          Selisih kurs/                               31 Desember/
                                   December 31,        Penambahan/             Interest             Exchange              Pembayaran/          December 31,
                                       2022             Additions             expenses              alignment              Payments                2023

           Harga perolehan                                                                                                                                                           Cost
           Properti                     2,917,784              6,570,770             206,977               (60,467)           (3,440,371)             6,194,693                   Property
           Jumlah                       2,917,784              6,570,770             206,977               (60,467)           (3,440,371)             6,194,693                      Total


                                   31 Desember/                              Beban bunga/          Selisih kurs/                               31 Desember/
                                   December 31,        Penambahan/             Interest             Exchange              Pembayaran/          December 31,
                                       2021             Additions             expenses              alignment              Payments                2022

           Harga perolehan                                                                                                                                                            Cost
           Properti                     6,444,259                     --             215,856               624,396            (4,366,727)             2,917,784                   Property
           Kendaraan                      405,875                     --              35,356                     --             (441,231)                     --                  Vehicles
           Jumlah                       6,850,134                     --             251,212               624,396            (4,807,958)             2,917,784                      Total




                                                                                    77
Page 565
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

          Liabilitas   sewa   berdasarkan   jangka                     Lease liabilities on time basis:
          waktu:
                                                 2023                 2022
                                                  Rp                   Rp
           Jangka pendek                              3,335,954         2,823,073                     Current portion
           Jangka panjang                             2,858,739            94,711                  Non-current portion
           Jumlah                                     6,194,693         2,917,784                               Total



12.   Aset Takberwujud, Neto                                 12. Intangible Assets, Net

      Aset takberwujud terdiri dari beban                         Intangible assets consist of deferred renewal
      pembaharuan hak guna atas tanah dan                         cost for land and building use rights which
      bangunan yang ditangguhkan yang dimiliki                    belong to TIC and PMS (subsidiaries).
      oleh TIC dan PMS (entitas anak).

                                              2023                  2022
                                               Rp                    Rp
      Biaya perolehan                         154,722,613             76,025,231                               Cost
      Akumulasi amortisasi                    (41,302,182)          (40,456,530)            Accumulated amortization
      Nilai buku neto                         113,420,431             35,568,701                    Net book value



      TIC                                                         TIC
      Hak guna atas tanah TIC berlokasi di Hong                   The rights to use land of TIC is located in
      Kong, berjangka waktu antara 60-70 tahun                    Hong Kong, with terms ranging between 60-
      dengan jatuh tempo antara tahun 2049 dan                    70 years and expiring between 2049 and
      2060. Pada 5 Februari 2020, hak guna atas                   2060. On February 5, 2020, the right to use
      tanah telah dijual. Pada tahun 2023, aset tak               land of TIC has been sold. In 2023, the
      berwujud yang dimiliki oleh TIC berupa                      intangible assets owned by TIC will be
      software computer.                                          computer software.

      Beban amortisasi software komputer adalah                   The computer software amortisation expenses
      masing-masing sebesar Rp556.810 dan                         amunted to Rp556,810 and Rp311,442 for the
      Rp311.442 untuk tahun yang berakhir pada                    years ended December 31, 2023 and 2022,
      tanggal 31 Desember 2023 dan 2022 dicatat                   respectively and was presented as part of
      sebagai bagian dari beban penyusutan dan                    depreciation and amortization expense.
      amortisasi.

      PMS                                                         PMS
      Hak guna atas tanah dan bangunan PMS                        Land and building use rights of PMS are for
      adalah Hak Guna Bangunan yang berlokasi                     The Rights to Use Buildings located in Karet,
      di Kelurahan Karet, Kecamatan Setiabudi,                    Setiabudi, South Jakarta and Jalan Wahid
      Jakarta Selatan dan di Jalan Wahid Hasyim,                  Hasyim, Kebon Sirih Jakarta with remaining
      Kebon Sirih Jakarta, dengan sisa jangka                     terms ranging between 5 and 30 years and
      waktu antara 5 dan 30 tahun dan jatuh                       expiring between 2021 and 2039.
      tempo antara tahun 2021 dan 2039.

      Untuk tahun 2023, beban amortisasi dicatat                  For the year 2023, amortization expense’s
      sebagai beban usaha lainnya sebesar                         PMS recorded as part of other operating
      Rp522.779 (2022: Rp339.439).                                expenses amounted to Rp522,779 (2022:
                                                                  Rp339,439).




                                                        78
Page 566
PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

13.   Piutang Lain-Lain                                           13. Other Receivables
                                                  2023                 2022
                                                   Rp                   Rp
      Piutang usaha                               107,461,515          126,147,708                            Trade receivables
      Piutang bunga                               103,411,742           40,586,168                          Interest receivables
      Piutang jasa kendaraan                       27,561,479           13,702,501                 Vehicle services receivables
      Piutang karyawan                             15,033,718           21,200,827                       Employee receivables
      Lain-lain (masing-masing dibawah                                                                     Others (each below
        10.000.000)                                19,596,813           20,319,112                               10,000,000)
      Sub-jumlah                                  273,065,267          221,956,316                                     Sub-total
      Dikurangi:                                                                                                          Less:
      Penyisihan kerugian penurunan                                                                   Allowance for impairment
        nilai piutang                                                                                   losses of receivables
        - Dari piutang lainnya                     (4,485,015)          (4,993,416)                  From other receivables -
        - Dari piutang usaha                       (1,783,774)          (2,736,031)                  From trade receivables -
      Sub-jumlah                                   (6,268,789)          (7,729,447)                                   Sub-total
      Jumlah - neto                               266,796,478          214,226,869                                   Total - net


      Berdasarkan penelaahan atas status saldo                       Based on the review of the status of other
      piutang     lain-lain  pada     akhir     tahun,               receivables account at the end of year, the
      manajemen Grup berpendapat bahwa                               Group’s management believes that the
      jumlah penyisihan kerugian penurunan nilai                     allowance for impairment losses is adequate
      yang dibentuk cukup untuk menutup                              to cover for possible losses that may arise
      kemungkinan kerugian yang mungkin timbul                       from uncollectible other receivables.
      atas tidak tertagihnya piutang lain-lain.

      Perubahan penyisihan kerugian penurunan                        Changes in the allowance for impairment
      nilai untuk piutang lain-lain adalah sebagai                   losses for other receivables are as follows:
      berikut:
                                                  2023                 2022
                                                   Rp                   Rp

      Saldo awal tahun                             (7,729,447)          (6,051,535)                  Balance at beginning year
      Penambahan                                             --         (2,106,269)                                   Addition
      Pemulihan                                      1,460,658              428,357                                  Recovery
      Saldo akhir tahun                            (6,268,789)          (7,729,447)                      Balance at end year


      Lihat Catatan 39 untuk rincian saldo dan                       Refer to Note 39 for details of related parties
      transaksi pihak berelasi.                                      balances and transactions.

14.   Utang Klaim                                                 14. Claims Payables

                                                    2023              2022
                                                     Rp                Rp

      Pihak berelasi (catatan 39)                  32,243,894        18,678,186                     Related parties (note 39)
      Pihak ketiga                                                                                              Third parties
      PT AA Pialang Asuransi                      233,539,520                 --                     PT AA Pialang Asuransi
      PT Marsh Reinsurance Broker Indonesia         7,602,957        12,825,826        PT Marsh Reinsurance Broker Indonesia
      Samsung Fire & Marine Insurance. Co.Ltd       5,542,792                 --      Samsung Fire & Marine Insurance. Co.Ltd
      JB Boda Viva                                                                                              JB Boda Viva
         Indonesia Reinsurance Brokers              4,409,303         9,496,011             Indonesia Reinsurance Brokers
      IBU Reinsurance Broker Utama                  3,837,073                 --               IBU Reinsurance Broker Utama
      PT Willis Insurance                                                                                 PT Willis Insurance
         Broker Co Tld (Shanghai)                   3,132,084                 --                  Broker Co Tld (Shanghai)
      PT Hanofer Indonesia                          3,058,986         1,679,165                         PT Hanofer Indonesia

                                                           79
Page 567
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                               2023             2022
                                                Rp               Rp
     China Taiping                                                                                         China Taiping
        Insurance (HK) Company Ltd             1,711,319                --               Insurance (HK) Company Ltd
     PT Asia Reinsurance Brokers Indonesia     1,579,997        2,241,835        PT Asia Reinsurance Brokers Indonesia
     PT Asuransi Sinar Mas                     1,551,958        1,736,866                         PT Asuransi Sinar Mas
     PT Asuransi Astra Buana                   1,333,791        3,068,394                       PT Asuransi Astra Buana
     The People's Insurance                                                                      The People's Insurance
        Company Of China (HK), Ltd             1,330,685                --                Company Of China (HK), Ltd
     PT Willis Towers Watson                                                                    PT Willis Towers Watson
        Insurance Broker Indonesia             1,277,858        1,668,079                  Insurance Broker Indonesia
     Igna Asia Reinsurance Brokers             1,163,942        3,053,242                 Igna Asia Reinsurance Brokers
     Sompo Insurance Indonesia                   758,157        3,121,248                     Sompo Insurance Indonesia
     Century Insurance Brokers Company Ltd             --      13,442,557       Century Insurance Brokers Company Ltd
     PT Avrist Assurance                               --       8,482,581                           PT Avrist Assurance
     PT Asuransi Multi Artha Guna                      --       3,151,584                   PT Asuransi Multi Artha Guna
     Equity Life Indonesia                             --       2,562,496                           Equity Life Indonesia
     PT Heksa Solution Insurance                       --       2,611,916                   PT Heksa Solution Insurance
     PT Asuransi Buana Independent                     --       2,224,360               PT Asuransi Buana Independent
     PT AJ Central Asia Raya                           --       2,010,543                       PT AJ Central Asia Raya
     Taiping Re Brokers                                --       1,550,616                            Taiping Re Brokers
     Lainnya (dibawah 1.000.000)               9,711,984       35,450,245                       Others (below 1,000,000)
     Jumlah pihak ketiga                     281,542,406      110,377,564                            Total Third parties
     Jumlah                                  313,786,300      129,055,750                                           Total


    Saldo utang klaim pada 31 Desember 2023                    As of December 31, 2023 and 2022, claim
    dan 2022, pada Unit Bisnis Syariah masing-                 payable in Sharia Business Unit amounted to
    masing adalah sebesar Rp238.387 dan                        Rp238,387 and Rp58,916, respectively (Note
    Rp58.916 (Catatan 44).                                     44).

    Utang klaim berdasarkan jenis asuransi                     The claims payables based on class of
    adalah sebagai berikut:                                    business are as follows:
                                             2023                2022
                                              Rp                  Rp
     Kebakaran                               262,562,712          46,507,060                                         Fire
     Pengangkutan                             10,296,977             947,470                               Marine Cargo
     Rekayasa                                  3,643,118             387,085                                 Engineering
     Rangka Kapal                              1,222,861          12,737,698                                 Marine Hull
     Onshore                                     308,928           1,087,720                                    Onshore
     Penerbangan                                 120,868             130,026                                     Aviation
     Offshore                                      7,417                   --                                   Offshore
     Lainnya                                  35,623,419          67,258,691                               Miscellaneous
     Jumlah                                  313,786,300         129,055,750                                        Total


    Utang klaim berdasarkan mata uang adalah                   The claims payables based on currencies are
    sebagai berikut:                                           as follows:
                                             2023                2022
                                              Rp                  Rp
     Dolar Amerika Serikat                   257,749,670          32,135,428                         United States Dollar
     Rupiah                                   47,173,806          51,941,244                                       Rupiah
     Dolar Hong Kong                           1,776,190           1,282,926                            Hong Kong Dollar
     Dolar Singapura                             834,614             380,531                              Singapore Dollar
     Poundsterling Inggris                       108,719              55,912                   Great Britain Poundsterling
     Mata uang lain                            6,143,301          43,259,709                              Other currencies
     Jumlah                                  313,786,300         129,055,750                                         Total



                                                      80
Page 568
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

      Lihat Catatan 39 untuk rincian saldo dan                 Refer to Note 39 for details of related parties
      transaksi pihak berelasi.                                balances and transactions.

15.   Utang Koasuransi                                      15. Coinsurance Payables

      Rincian akun ini berdasarkan koasuradur                  Details of this account by coinsurer are as
      adalah sebagai berikut:                                  follows:
                                              2023              2022
                                               Rp                Rp

      Pihak berelasi (catatan 39)             32,523,770       19,349,791                   Related parties (note 39)
      Pihak ketiga                                                                                       Third parties
      PT Asuransi Ramayana                    19,984,474        9,496,431                     PT Asuransi Ramayana
      PT Barito Pacific Tbk                    9,214,136        9,402,411                        PT Barito Pacific Tbk
      PT Asuransi Wahana Tata                  2,569,347                --                 PT Asuransi Wahana Tata
      PT Asuransi Chubb Syariah Indonesia        481,161        2,785,812       PT Asuransi Chubb Syariah Indonesia
      PT Citra International Underwriters        424,301          432,830          PT Citra International Underwriters
      Wilson Re (P&I) Ltd                        231,866          236,603                         Wilson Re (P&I) Ltd
      PT Asuransi Astra Buana                    143,173          126,552                    PT Asuransi Astra Buana
      PT Staco Jasapratama                        67,818          141,574                      PT Staco Jasapratama
      PT Asuransi Mega Paratama                    9,206                --              PT Asuransi Mega Paratama
      PT Asuransi Multi Artha Guna Tbk             7,133          308,953          PT Asuransi Multi Artha Guna Tbk
      PT Asuransi Binagriya Upakara                5,089              441             PT Asuransi Binagriya Upakara
      PT Asuransi Adira Dinamika                       --         704,384                PT Asuransi Adira Dinamika
      PT Asuransi Sinar Mas                            --           6,926                      PT Asuransi Sinar Mas
      PT Asuransi Central Asia                         --          43,990                    PT Asuransi Central Asia
      Lainnya (dibawah 1.000.000)              7,900,752        3,851,251                    Others (below 1,000,000)
      Jumlah pihak ketiga                     41,038,456       27,538,158                         Total Third parties
      Jumlah                                  73,562,226       46,887,949                                        Total



      Utang koasuransi berdasarkan jenis asuransi              The coinsurance payables based on class of
      adalah sebagai berikut:                                  business are as follows:
                                             2023                2022
                                              Rp                  Rp

      Kebakaran                               63,822,933          21,491,532                                      Fire
      Rangka kapal                             7,807,885          19,989,727                               Marine hull
      Pengangkutan                               285,409             704,002                            Marine Cargo
      Penerbangan                                814,745             396,905                                  Aviation
      Rekayasa                                   398,230             203,253                              Engineering
      Offshore                                     4,428              55,217                                 Offshore
      Lainnya                                    428,596           4,047,313                            Miscellaneous
      Jumlah                                  73,562,226          46,887,949                                     Total

      Utang koasuransi berdasarkan mata uang                   The coinsurance payables                based       on
      adalah sebagai berikut:                                  currencies are as follows:
                                             2023                2022
                                              Rp                  Rp

      Rupiah                                  54,872,859           32,153,031                                    Rupiah
      Dolar Amerika Serikat                   18,665,896           14,707,943                      United States Dollar
      Poundsterling Inggris                       15,293               14,648                Great Britain Poundsterling
      Dolar Hong Kong                              7,058                1,145                           Hongkong Dollar
      Mata uang lain                               1,120               11,182                           Other currencies
      Jumlah                                  73,562,226           46,887,949                                      Total



                                                     81
Page 569
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                             unless otherwise stated)

      Rincian utang koasuransi berdasarkan umur                                                      The details of coinsurance payables based on
      utang adalah sebagai berikut:                                                                  aging are as follows:
                                                                           2023                             2022
                                                                            Rp                               Rp
      Belum jatuh tempo                                                    52,534,891                        27,529,972                                         Current - not due
      Telah jatuh tempo                                                                                                                                                Past due :
        Kurang dari 90 hari                                                 4,772,440                         1,445,859                                      Less than 90 days
        Lebih dari 90 hari                                                 16,254,895                        17,912,118                                      More than 90 days
      Jumlah                                                                73,562,226                       46,887,949                                                     Total




16.   Liabilitas Asuransi                                                                      16. Insurance Liabilities

      Rincian liabilitas asuransi adalah sebagai                                                     Details of insurance liabilities are as follows:
      berikut:
                                               31 Desember/December 31, 2023                                 31 Desember/December 31, 2022
                                      Bruto/            Reasuransi/             Neto/               Bruto/            Reasuransi/             Neto/
                                      Gross            Reinsurance               Net                Gross            Reinsurance               Net
      Premi yang belum
        merupakan pendapatan         1,860,482,882       (1,120,084,345)        740,398,537        1,397,744,871         (747,613,830)        650,131,041         Unearned premium reserves
      Liabilitas manfaat polis                                                                                                                                            Liabilities for future
        masa depan                   1,282,005,398         (423,202,757)         858,802,641       1,032,898,439         (345,392,303)         687,506,136                   policy benefits
      Estimasi klaim                 8,005,046,741       (5,718,772,508)       2,286,274,233       7,366,608,734       (5,567,503,963)       1,799,104,771                  Estimated claims
      Jumlah                        11,147,535,021       (7,262,059,610)       3,885,475,411       9,797,252,044       (6,660,510,096)       3,136,741,948                                 Total




      Premi     yang    belum     merupakan                                                          Unearned premium reserves
      pendapatan
      Metode dan asumsi yang digunakan dalam                                                         Method and assumptions used in calculating
      menghitung cadangan atas premi yang                                                            unearned premium reserves:
      belum merupakan pendapatan:
      a. Metode kontrak jangka                                             PYBMP metode harian/                                              a. Methodology of short-term
         pendek                                                              UPR daily method                                                                    contract

      Rincian dari akun ini berdasarkan jenis                                                        Details of this account by class of business
      asuransi adalah sebagai berikut:                                                               are as follows:
                                               31 Desember/December 31, 2023                                 31 Desember/December 31, 2022
                                     Bruto/             Reasuransi/            Neto/               Bruto/             Reasuransi/            Neto/
                                     Gross             Reinsurance              Net                Gross             Reinsurance              Net
      Kebakaran                        701,137,238        (438,279,868)         262,857,370          525,611,212        (408,458,481)        117,152,731                                 Fire
      Pengangkutan                       1,688,858              324,897           2,013,755           17,486,226           43,834,419         61,320,645                        Marine cargo
      Offshore                         106,816,115         (40,957,136)          65,858,979          186,747,812        (148,800,108)         37,947,704                            Offshore
      Rangka Kapal                     237,140,336        (131,801,963)         105,338,373          221,599,390        (187,418,883)         34,180,507                          Marine hull
      Penerbangan                      540,529,581        (501,689,686)          38,839,895           55,585,365         (33,642,611)         21,942,754                             Aviation
      Onshore                           77,272,884         (44,009,697)          33,263,187           31,053,586         (24,624,162)          6,429,424                            Onshore
      Rekayasa                          25,156,375          (9,023,995)          16,132,380           19,117,047         (16,117,109)          2,999,938                         Engineering
      Lainnya                          170,741,495           45,353,103         216,094,598          340,544,233           27,613,105        368,157,338                              Others
      Jumlah                         1,860,482,882      (1,120,084,345)         740,398,537        1,397,744,871        (747,613,830)        650,131,041                               Total




      Rekonsiliasi perubahan premi yang belum                                                        Details of this account by class of business
      merupakan pendapatan adalah sebagai                                                            are as follows:
      berikut:
                                              31 Desember/December 31, 2023                                 31 Desember/December 31, 2022
                                 Premi yang belum                                              Premi yang belum
                                    merupakan                                                     merupakan
                                    pendapatan/           Aset                                    pendapatan/           Aset
                                     Unearned          reasuransi/                                 Unearned          reasuransi/
                                     premium          Reinsurance               Neto/              premium          Reinsurance               Neto/
                                      reserve            assets                 Net                 reserve            assets                  Net
      Saldo awal                     1,397,744,871        (747,613,830)         650,131,041        1,367,331,425         (864,627,022)        502,704,403                   Beginning balance
      Penurunan (kenaikan)
       premi yang belum
       merupakan pendapatan                                                                                                                                    Decrease (increase) in unearned
       selama tahun berjalan           462,738,011         (372,470,515)         90,267,496           30,413,446           117,013,192        147,426,638    premium reserve during the year
      Saldo Akhir                    1,860,482,882       (1,120,084,345)        740,398,537        1,397,744,871         (747,613,830)        650,131,041                     Ending balance




                                                                                    82
Page 570
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                               unless otherwise stated)

    Liabilitas manfaat polis masa depan                                                                 Liabilities for future policy benefits
    Metode dan asumsi yang digunakan dalam                                                              Method and assumptions used in calculating
    menghitung liabilitas manfaat polis masa                                                            liabilities for future policy benefits:
    depan:

     a. Metode kontrak jangka                      Nilai kini dari estimasi arus kas masa depan/                                                  a. Methodology of long-term
        panjang                                   Present value of future expected cash flow URR                                                                      contract
                                                                        method
    b. Tingkat bunga                               Menggunakan tingkat imbal hasil atas Obligasi                                                                 b. Discount rate
                                                                   Pemerintah/
                                                    Using the yield rate of Government Bonds

    Asumsi lain yang digunakan dalam                                                                    Other assumptions used in the calculation of
    perhitungan liabilitas manfaat polis masa                                                           liabilities for future policy benefits include
    depan yaitu tingkat inflasi dan asumsi biaya.                                                       inflation rate and expense assumption.

    Rincian dari akun ini berdasarkan jenis                                                             Details of this account by class of business are
    asuransi adalah sebagai berikut:                                                                    as follows:
                                                31 Desember/December 31, 2023                                  31 Desember/December 31, 2022
                                       Bruto/            Reasuransi/              Neto/               Bruto/            Reasuransi/              Neto/
                                       Gross            Reinsurance                Net                Gross            Reinsurance                Net
     Kebakaran                           140,801,195       (125,667,223)           15,133,972           233,649,639       (100,473,166)          133,176,473                               Fire
     Rangka Kapal                         20,400,459        (16,647,103)            3,753,356            94,137,173        (19,317,078)           74,820,095                        Marine hull
     Rekayasa                            293,685,509       (239,108,885)           54,576,624           182,282,895       (128,413,308)           53,869,587                       Engineering
     Penerbangan                              49,024                  --               49,024            63,569,251        (37,248,326)           26,320,925                           Aviation
     Offshore                             23,940,458        (17,222,028)            6,718,430            20,043,481        (16,716,391)            3,327,090                          Offshore
     Pengangkutan                            274,031           (125,495)              148,536               699,336           (328,392)              370,944                      Marine cargo
     Onshore                               8,235,208         (2,803,891)            5,431,317                57,269                  --               57,269                          Onshore
     Lainnya                             794,619,514        (21,628,132)          772,991,382           438,459,395        (42,895,642)          395,563,753                            Others
     Jumlah                            1,282,005,398       (423,202,757)          858,802,641         1,032,898,439       (345,392,303)          687,506,136                             Total




    Rekonsiliasi liabilitas manfaat polis masa                                                          The reconciliation of liabilities for future policy
    depan adalah sebagai berikut:                                                                       benefits are as follows:
                                                  31 Desember/December 31, 2023                                  31 Desember/December 31, 2022
                                       Liabilitas                                                     Liabilitas
                                   kontrak asuransi                                               kontrak asuransi
                                        jangka                                                         jangka
                                       panjang/               Aset                                    panjang/               Aset
                                     Long term             reasuransi/                              Long term             reasuransi/
                                      insurance           Reinsurance             Neto/              insurance           Reinsurance             Neto/
                                  contract liabilities       assets               Net            contract liabilities       assets                Net
     Saldo awal                        1,032,898,439       (345,392,303)          687,506,136          989,019,138        (495,818,529)          493,200,609                 Beginning balance
     Penurunan (kenaikan)
      liabilitas manfaat polis
      masa depan                                                                                                                                               Decrease (increase) in liabilities
      selama tahun berjalan              249,106,959        (77,810,454)          171,296,505            43,879,301         150,426,226          194,305,527        for future policy benefits
     Saldo Akhir                       1,282,005,398       (423,202,757)          858,802,641         1,032,898,439       (345,392,303)          687,506,136                   Ending balance




    Estimasi klaim                                                                                      Estimated claims
    Metode dan asumsi yang digunakan dalam                                                              Method and assumptions used in calculating
    menghitung estimasi klaim:                                                                          estimated claims:

    a. Metode                         Metode pengamatan segitiga dari pola pengembangan klaim                                                                     a. Methodology
                                   dan rasio klaim setiap tahun kejadian, menggunakan basis estimasi
                                 terbaik/triangular method observation of claim development pattern and
                                          claim ratio per accident year, using best-estimate basis

    b. Tingkat bunga              Menggunakan tingkat imbal hasil atas Obligasi Pemerintah/Using the                                                             b. Discount rate
                                                  yield rate of Government Bonds

    Asumsi lain yang digunakan dalam                                                                    Other assumptions used in the calculation of
    perhitungan cadangan atas estimasi klaim                                                            estimated claims are inflation rate and
    yaitu tingkat inflasi dan asumsi biaya.                                                             expense assumption.



                                                                                      83
Page 571
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                            PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                        AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                  FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)

    Estimasi klaim berdasarkan jenis asuransi                                           Estimated claim based on class of business
    adalah sebagai berikut:                                                             are as follows:
                                      31 Desember/December 31, 2023                            31 Desember/December 31, 2022
                             Bruto/            Reasuransi/             Neto/          Bruto/            Reasuransi/             Neto/
                             Gross            Reinsurance               Net           Gross            Reinsurance               Net
     Kebakaran               3,725,667,325     (2,854,802,152)          870,865,173   3,777,411,695     (3,189,829,230)          587,582,465                        Fire
     Rekayasa                  984,697,197       (806,278,810)          178,418,387     275,142,934       (114,567,458)          160,575,476                Engineering
     Rangka Kapal              606,380,184       (396,482,407)          209,897,777     408,471,920       (233,255,841)          175,216,079                 Marine hul
     Pengangkutan              205,898,230        (89,030,530)          116,867,700     248,393,950       (115,037,940)          133,356,010               Marine cargo
     Offshore                  524,887,035       (500,722,447)           24,164,588   1,001,604,510       (886,115,177)          115,489,333                   Offshore
     Onshore                    59,389,199        (43,787,157)           15,602,042     282,887,408       (196,874,868)           86,012,540                   Onshore
     Penerbangan               370,331,723       (322,322,853)           48,008,870     189,192,791       (168,066,752)           21,126,039                    Aviation
     Lainnya                 1,527,795,848       (705,346,152)          822,449,696   1,183,503,526       (663,756,697)          519,746,829                     Others
     Jumlah                  8,005,046,741     (5,718,772,508)        2,286,274,233   7,366,608,734     (5,567,503,963)        1,799,104,771                      Total




    Pada tanggal 31 Desember 2023 dan 2022                                              As of December 31, 2023 and 2022 included
    termasuk dalam estimasi klaim adalah                                                in estimated claims are estimated claims
    estimasi klaim    yang   terjadi  namun                                             incurred but not yet reported (gross) (IBNR)
    belum dilaporkan (bruto) (IBNR) masing-                                             amounting      to     Rp290,252,484      and
    masing    sebesar   Rp290.252.484   dan                                             Rp189,656,805, respectively.
    Rp189.656.805.

    Nilai mata uang asing dalam akun estimasi                                          The amount of foreign currencies in the
    klaim setelah dikurangi aset reasuransi                                            estimated claims account after deducting
    adalah sebagai berikut:                                                            reinsurance assets are as follows:

                                                                 2023                      2022
                                                                  Rp                        Rp

     Dolar Amerika Serikat                                  1,202,518,757                759,386,251                                           United States Dollar
     Rupiah                                                   770,983,720                825,254,966                                                       Rupiah
     Mata uang lainnya                                         22,519,272                 24,806,749                                              Other currencies
     Sub-Jumlah                                             1,996,021,749              1,609,447,966                                                     Sub-total
     IBNR                                                     290,252,484                189,656,805                                                         IBNR
     Jumlah - neto                                          2,286,274,233              1,799,104,771                                                    Total - Net



    Lihat Catatan 39 untuk rincian saldo dan                                            Refer to Note 39 for details of related parties
    transaksi pihak berelasi.                                                           balances and transactions.

    Untuk tahun 2023 dan 2022,                              untuk                       In 2023 and 2022, to calculate the estimated
    menghitung   estimasi     klaim                         Grup                        claim the Group uses triangular method.
    menggunakan metode triangular.

    Liabilitas   asuransi   pada     tanggal                                            Valuation on insurance liabilities as of
    31 Desember 2023 dan 2022 untuk                                                     December 31, 2023 and 2022 are performed
    Perseroan dihitung oleh aktuaris internal                                           by M. Ivan Faizal, the Company’s Actuary,
    yang terdaftar di OJK saudara, M. Ivan                                              which registered by OJK, respectively. While
    Faizal, Aktuaris Perseroan. Sedangkan                                               for TRI (subsidiaries), the calculation is
    untuk TRI (anak usaha), perhitungan                                                 performed by Panji Widiarda Rabowo, FSAI,
    dilakukan oleh aktuaris internal yang                                               the Company’s Actuary, which registered by
    terdaftar di OJK saudara, Panji Widiarda                                            OJK.
    Rabowo, FSAI.

    Rincian akun ini berdasarkan tertanggung                                            Details of this account by claimant are as
    adalah sebagai berikut:                                                             follows:




                                                                           84
Page 572
PT ASURANSI TUGU PRATAMA INDONESIA TBK                         PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                               FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                             (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                              unless otherwise stated)

                                              2023                   2022
                                               Rp                     Rp
     Perseroan                                                                                            The Company
     Pihak berelasi (catatan 39)             149,725,560            175,078,286                Related parties (note 39)
     Pihak ketiga                                                                                            Third parties
     PT Meares Soputan Mining                 15,289,086              3,468,025               PT Meares Soputan Mining
     PT Asuransi Sinar Mas                    13,158,803             11,409,564                    PT Asuransi Sinar Mas
     PT Safilindo Permata                      6,431,596              5,270,998                      PT Safilindo Permata
     PT Indobaruna Bulk Transport              4,793,440              2,226,136            PT Indobaruna Bulk Transport
     PT Amman Mineral Nusa Tenggara            3,772,103              1,080,512       PT Amman Mineral Nusa Tenggara
     PT Elang Nusantara Air                    2,256,977              2,343,188                   PT Elang Nusantara Air
     PT Kompak Usaha Mandiri                   2,200,000              2,200,000                PT Kompak Usaha Mandiri
     PT Trubaindo Coal Mining                  2,147,099              2,169,762                 PT Trubaindo Coal Mining
     PT Toyota Astra Financial Services        1,917,029              1,917,029       PT Toyota Astra Financial Services
     PT Adi Sarana Armada Tbk                  1,502,885              1,763,831               PT Adi Sarana Armada Tbk
     PT Chandra Asri                                                                                     PT Chandra Asri
       Petrochemical Tbk                       1,177,389              2,485,875                      Petrochemical Tbk
     PT Tanjung Enim Lestari Pulp & Paper      1,156,111              1,179,735    PT Tanjung Enim Lestari Pulp & Paper
     ENI Muara Bakau BV                        1,010,863              1,782,692                      ENI Muara Bakau BV
     Asian Agri Group                            706,602              1,169,189                          Asian Agri Group
     Coupang Inc                                 435,708              8,631,033                               Coupang Inc
     PT Inti Karya Persada Tehnik                233,001              1,083,703             PT Inti Karya Persada Tehnik
     Santos (Sampang) PTY Ltd                          --             3,109,027               Santos (Sampang) PTY Ltd
     Samudra Berdikari Abadi                           --             2,661,120                  Samudra Berdikari Abadi
     Tomypak Flexible                                                                                  Tomypak Flexible
       Packaging Sdn Bhd                                  --          2,490,179                     Packaging Sdn Bhd
     PT Indonesia Bulk Carrier                            --          2,297,020                 PT Indonesia Bulk Carrier
     PT Harapan Mitra Bersama                             --          1,846,000               PT Harapan Mitra Bersama
     Apical Group Ltd                                     --          1,830,781                          Apical Group Ltd
     PT Kaltim Methanol Industri                          --          1,738,586               PT Kaltim Methanol Industri
     PT Pusaka Jaya Palu Tower                            --          1,546,787              PT Pusaka Jaya Palu Tower
     PT Enviromate Technology                             --          1,360,000               PT Enviromate Technology
       International                                      --          1,360,000                            International
     PT Tripatra Engineers & Constructors                 --          1,355,306     PT Tripatra Engineers & Constructors
     PC Ketapang II Limited                               --          1,263,271                    PC Ketapang II Limited
     Doha Plastic WLL                                     --          1,157,613                         Doha Plastic WLL
     PT PCI Elektronik Internasional                      --          1,072,083           PT PCI Elektronik Internasional
     Lainnya (masing-masing                                                                                   Others (each
       di bawah 1.000.000)                   197,408,602            128,868,521                       below 1,000,000)
     Sub-Jumlah                              405,322,854            202,777,566                                 Sub-Total
     IBNR                                     73,558,219             59,167,740                                     IBNR
     Sub-jumlah - Perseroan                  478,881,073            437,023,592                Sub total - The Company
     Entitas anak                                                                                           Subsidiaries
     Pihak berelasi (catatan 39)                          --         32,424,046                Related parties (note 39)
     Pihak ketiga                                                                                           Third parties
     AON Benfield Asia Pte Ltd                24,491,274             34,951,282                 AON Benfield Asia Pte Ltd
     PT Asuransi Central Asia                 23,108,435             49,846,082                  PT Asuransi Central Asia
     PT Marsh Reinsurance                                                                          PT Marsh Reinsurance
       Brokers Indonesia                      12,727,048             52,563,626                       Brokers Indonesia
     PT Jasa Cipta Rembaka                     7,283,936             82,842,640                   PT Jasa Cipta Rembaka
     PT IBS Reinsurance Brokers                4,870,342             20,070,970               PT IBS Reinsurance Brokers
     PT Hanofer Indonesia                              --            52,141,552                     PT Hanofer Indonesia
     Trinity Reinsurance Brokers Limited               --            27,482,053       Trinity Reinsurance Brokers Limited
     PT Asia Reinsurance Brokers                       --            25,200,408              PT Asia Reinsurance Brokers
        Indonesia                                      --            25,200,408                              Indonesia
     PT Asuransi Multi Artha Guna Tbk                  --            20,115,147        PT Asuransi Multi Artha Guna Tbk
     PT Asuransi Ramayana Tbk                          --            19,897,020               PT Asuransi Ramayana Tbk
     Lainnya (masing-masing                                                                                Others (each
       di bawah 1000000)                    1,518,217,860            814,057,288                     below 1,000,000)
     Sub-Jumlah                             1,590,698,895          1,231,592,114                              Sub-Total
     IBNR                                    216,694,265            130,489,065                                     IBNR
     Sub-jumlah - Entitas anak              1,807,393,160          1,362,081,179                Sub total - Subsidiaries
       Jumlah estimasi klaim                2,286,274,233          1,799,104,771                Total estimated claim
                                                     85
Page 573
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                               PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                     FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                   (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

      Rekonsiliasi perubahan              estimasi             klaim                          The reconciliation of changes in estimated
      adalah sebagai berikut:                                                                 claims are as follows:
                                         31 Desember/December 31, 2023                               31 Desember/December 31, 2022
                                Estimasi             Aset                                   Estimasi             Aset
                                 klaim/           reasuransi/                                klaim/           reasuransi/
                               Estimated         Reinsurance              Neto/            Estimated         Reinsurance              Neto/
                                 claims             assets                 Net               claims             assets                 Net
      Saldo awal                7,366,608,734     (5,567,503,963)        1,799,104,771      6,203,972,752     (4,764,854,643)        1,439,118,109            Beginning balance
      Penurunan (kenaikan)                                                                                                                                 Increase ( decrease)
       estimasi klaim selama                                                                                                                                in estimated claim
       tahun berjalan             638,438,007       (151,268,545)          487,169,462      1,162,635,982       (802,649,320)          359,986,662              during the year
      Saldo Akhir               8,005,046,741     (5,718,772,508)        2,286,274,233      7,366,608,734     (5,567,503,963)        1,799,104,771              Ending Balance




17.   Utang Reasuransi Dan Retrosesi                                                     17. Reinsurance And Retrocession Payables

                                                                     2023                      2022
                                                                      Rp                        Rp

      Perseroan                                                                                                                                         The Company
      Pihak berelasi (catatan 39)                                    49,391,484               62,928,324                                      Related parties (note 39)
      Pihak ketiga                                                                                                                                 Third parties
      PT Marsh Reinsurance                                                                                                               PT Marsh Reinsurance
         Brokers Indonesia                                          503,230,094             201,141,684                                    Brokers Indonesia
      AON Ltd                                                       228,966,195             212,314,062                                                 AON Ltd
      Marsh Ltd                                                     154,966,540              79,999,496                                                Marsh Ltd
      Arthur J Gallagher (UK) Ltd                                   118,194,852             382,678,312                             Arthur J Gallagher (UK) Ltd
      Willis Ltd                                                    101,006,005              66,357,745                                                 Willis Ltd
      PT AON Indonesia                                               67,605,188              22,484,431                                      PT AON Indonesia
      Swiss Reinsurance Company                                      46,215,306               7,639,708                           Swiss Reinsurance Company
      Mitsui Bussan Pana Harrison Pte Ltd                            24,350,765                       --                  Mitsui Bussan Pana Harrison Pte Ltd
      Hannover Rückversicherung                                                                                                    Hannover Rückversicherung
         Malaysian Branch                                            22,939,511                        --                                   Malaysian Branch
      PT Willis Reinsurance Brokers Indonesia                        21,996,932                        --             PT Willis Reinsurance Brokers Indonesia
      Asia Capital Reinsurance Group Pte Ltd                         21,734,007                        --              Asia Capital Reinsurance Group Pte Ltd
      Korean Reinsurance Co                                          20,435,727                7,264,146                                Korean Reinsurance Co
      Ai12 Dmcc                                                      13,627,353                        --                                             Ai12 Dmcc
      PT Mitra Utama Reasuransi                                      13,022,476                        --                           PT Mitra Utama Reasuransi
      Guy Carpenter & Co Ltd                                         11,169,188                9,962,777                                Guy Carpenter & Co Ltd
      Scor Se, Zurich Branch                                          9,183,244                        --                                Scor Se, Zurich Branch
      PT IBS Reinsurance Brokers                                      8,805,756                        --                         PT IBS Reinsurance Brokers
      Echo Reinsurance Ltd                                            8,744,339                        --                                 Echo Reinsurance Ltd
      Partner Reinsurance Asia Pte Ltd                                8,262,136                        --                     Partner Reinsurance Asia Pte Ltd
      PT Jasa Cipta Rembaka                                           7,497,282                        --                              PT Jasa Cipta Rembaka
      Trust International Insurance And                                                                                       Trust International Insurance And
         Reinsurance Company BSC Via Bmi                              6,715,114                        --              Reinsurance Company BSC Via Bmi
      PT Asuransi Tokio Marine Indonesia                              6,586,721                        --                 PT Asuransi Tokio Marine Indonesia
      Labuan Reinsurance Ltd (Malaysia)                               5,548,648                9,269,657                   Labuan Reinsurance Ltd (Malaysia)
      Willis As Norway                                                5,417,274                        --                                      Willis As Norway
      United Insurance Brokers Ltd                                    5,287,006                        --                         United Insurance Brokers Ltd
      Marsh Management Services (Mena) Ltd                            4,831,543                        --             Marsh Management Services (Mena) Ltd
      PT AIG Insurance Indonesia                                      3,865,183                        --                          PT AIG Insurance Indonesia
      Berkley Re Asia                                                 3,585,857                        --                                       Berkley Re Asia
      China Reinsurance (Group) Corporation                                                                           China Reinsurance (Group) Corporation
         Singapore Branch                                             3,519,693                        --                                  Singapore Branch
      PT Maskapai Reasuransi Indonesia, Tbk                           3,263,812                        --             PT Maskapai Reasuransi Indonesia, Tbk
      Kuwait Reinsurance Co                                           3,206,748                7,469,590                                Kuwait Reinsurance Co
      Tigermar Global Pte Ltd                                         3,122,085                        --                               Tigermar Global Pte Ltd



                                                                              86
Page 574
PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

                                                    2023             2022
                                                     Rp               Rp
     Afr Asia Pacific Ltd                            3,067,906                --                          Afr Asia Pacific Ltd
     PT Dharmapala Pialang Reasuransi                2,826,828                --         PT Dharmapala Pialang Reasuransi
     Samsung Reinsurance Pte Ltd                     2,794,500                --               Samsung Reinsurance Pte Ltd
     PT Indoperkasa Suksesjaya Reasuransi            2,744,015                --     PT Indoperkasa Suksesjaya Reasuransi
     PT Inare Proteksi Internasional                 2,726,079                --               PT Inare Proteksi Internasional
     Howden Specialty Asia Pacific Pte Ltd           2,620,514        8,080,439       Howden Specialty Asia Pacific Pte Ltd
     PT KMDastur Indonesia Reinsurance Brokers       2,332,394                -- PT KMDastur Indonesia Reinsurance Brokers
     PT Reasuransi Nusantara Makmur                  2,268,651                --          PT Reasuransi Nusantara Makmur
     Peak Reinsurance Company Ltd                    1,550,989       10,880,723              Peak Reinsurance Company Ltd
     PT Asuransi Astra Buana                         1,173,414       44,750,941                     PT Asuransi Astra Buana
     Arthur J. Gallagher Aerospace (UK) Ltd                  --      99,604,059      Arthur J. Gallagher Aerospace (UK) Ltd
     Mapfre Re Singapore Branch                              --      12,082,438                 Mapfre Re Singapore Branch
     Sooner Insurance Company                                --       5,030,595                  Sooner Insurance Company
     Lainnya (dibawah 1.000.000)                   211,013,566      162,208,690                     Others (below 1,000,000)
     Sub-jumlah                                  1,702,021,436    1,349,219,493                                      Sub-total
     Jumlah Perseroan                            1,751,412,920    1,412,147,817                          Total The Company

     Entitas anak                                                                                               Subsidiaries
     Pihak berelasi (catatan 39)                       468,482                --                    Related parties (note 39)
     Pihak ketiga                                                                                              Third parties
     Guy Carpenter & Co Ltd                        22,724,226        17,376,429                     Guy Carpenter & Co Ltd
     K.M. Dastur RE Broker Private Ltd             13,117,511        10,686,979           K.M. Dastur RE Broker Private Ltd
     Asia Reinsurance Brokers Singapore            16,387,172         8,326,608         Asia Reinsurance Brokers Singapore
     AON Broking Singapore                          3,705,563         4,039,903                     AON Broking Singapore
     SAG Brokers (Hong Kong) Ltd                    2,859,839         2,877,626                SAG Brokers (Hong Kong) Ltd
     Hannover Ruck - Malaysia                       9,150,140                 --                  Hannover Ruck - Malaysia
     Arthur J Gallagher                             5,424,818                 --                          Arthur J Gallagher
     Samsung Fire & Marine Insurance CoLtd          4,817,134                 --     Samsung Fire & Marine Insurance CoLtd
     Willis Towers Watson                           2,632,686                 --                      Willis Towers Watson
     Mitsui Bussan Pana Harrison PTE LTD            1,878,958                 --      Mitsui Bussan Pana Harrison PTE LTD
     Scor Vie - Singapore                           1,028,567                 --                       Scor Vie - Singapore
     Asia Reinsurance Brokers Indonesia             1,381,641         1,444,434         Asia Reinsurance Brokers Indonesia
     AM Trust Europe Limited                          862,870         2,181,172                        AM Trust Europe Ltd
     CIMB Howden Insurance Broker                           --        1,584,676              CIMB Howden Insurance Broker
     Lainnya (dibawah 1.000.000)                   54,349,342           420,568                    Others (below 1,000,000)
     Sub-jumlah                                   140,320,467        48,938,395                                    Sub-total
     Jumlah entitas anak                          140,320,467        48,938,395                            Total subsidiaries
     Jumlah                                      1,891,733,387    1,461,086,212                                         Total


    Saldo utang reasuransi pada 31 Desember                          As of December 31, 2023 and 2022,
    2023 dan 2022, pada Unit Bisnis Syariah                          reinsurance payable in Sharia Business Unit
    masing-masing adalah sebesar Rp1.917.809                         amounted to Rp1,917,809 and Rp1,491,999,
    Rp1.491.999 (Catatan 44).                                        respectively (Note 44).

    Rincian utang reasuransi dan utang retrosesi                     The details of reinsurance payables and
    berdasarkan umur utang adalah sebagai                            retrocession payables based on aging are as
    berikut:                                                         follows:




                                                           87
Page 575
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

                                             2023                 2022
                                              Rp                   Rp
      Perseroan                                                                                       The Company
      Utang reasuransi                                                                        Reinsurance payables
      Belum jatuh tempo                     1,158,392,624        1,148,192,340                     Current - not due
      Telah jatuh tempo                                                                                     Past due
        Kurang dari 90 hari                   428,372,569           95,795,874                 Less than 90 days
        Lebih dari 90 hari                    164,647,727          168,159,603                 More than 90 days
      Sub-jumlah - Perseroan                1,751,412,920        1,412,147,817             Sub total - the Company
      Entitas anak                                                                                      Subsidiaries
      Utang retrosesi                                                                         Retrocession payables
      Belum jatuh tempo                       73,777,788            20,611,375                     Current - not due
      Telah jatuh tempo                                                                                      Past due
        Kurang dari 90 hari                  (18,847,138)                    --                Less than 90 days
        Lebih dari 90 hari                     85,389,817           28,327,020                 More than 90 days
      Sub-jumlah - entitas anak              140,320,467            48,938,395                Sub total - subsidiaries
      Jumlah utang retrosesi                1,891,733,387        1,461,086,212          Total retrocession payables


      Rincian utang reasuransi dan retrosesi                    The details of reinsurance and retrocession
      berdasarkan mata uang adalah sebagai                      payables based on currencies are as follows:
      berikut:

                                             2023                 2022
                                              Rp                   Rp
      Dolar Amerika Serikat                 1,641,246,425        1,347,930,610                  United States Dollar
      Rupiah                                  128,000,740          105,423,524                              Rupiah
      Rupee India                              23,660,015              975,787                        Indian Rupee
      Euro                                        867,746                8,478                                 Euro
      Dolar Hongkong                           10,331,745                    --                    Hongkong Dollar
      Won Korea                                 3,013,469                    --                        Korean Won
      Mata uang lainnya                        84,613,247            6,747,813                     Other currencies
      Jumlah                                1,891,733,387        1,461,086,212                                Total



      Lihat Catatan 39 untuk rincian saldo dan                  Refer to Note 39 for details of related parties
      transaksi pihak berelasi.                                 balances and transactions.


18.   Utang Komisi                                          18. Commissions Payables

      Akun ini merupakan utang komisi kepada                    This    account      represents insurance
      perusahaan    broker      asuransi atau                   commissions payable to insurance brokers
      perusahaan asuransi lain.                                 and other insurance entities.

                                             2023                 2022
                                              Rp                   Rp

      Komisi broker                           39,879,148           29,668,370                 Brokerage commission
      Komisi agen                              3,689,973            3,191,140                     Agent commission
      Jumlah                                  43,569,121           32,859,510                                Total




      Rincian akun ini berdasarkan jenis asuransi               Details of this account by class of business
      adalah sebagai berikut:                                   are as follows:




                                                    88
Page 576
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

                                            2023                 2022
                                             Rp                   Rp
      Rangka Kapal                          13,533,007                9,872,313                           Marine Hull
      Kebakaran                             10,477,878                5,720,299                                   Fire
      Rekayasa                               8,476,553                4,085,738                           Engineering
      KendaraanBermotor                      3,857,208                4,881,966                         Motor Vehicle
      Penerbangan                            1,896,603                1,530,089                               Aviation
      Offshore                               1,586,501                3,110,413                              Offshore
      Pengangkutan                             696,133                  922,314                                 Cargo
      Lainnya                                3,045,238                2,736,378                         Miscellaneous
      Jumlah                                43,569,121               32,859,510                                  Total



      Utang komisi berdasarkan mata uang adalah                 The commissions payables               based       on
      sebagai berikut:                                          currencies are as follows:

                                            2023                 2022
                                             Rp                   Rp
      Dolar Amerika Serikat                 25,891,820               19,151,191                   United States Dollar
      Rupiah                                17,304,191               13,294,898                               Rupiah
      Dolar Singapura                          360,192                  237,363                      Singapore Dollar
      Euro                                       5,339                  170,624                                  Euro
      Mata uang lain                             7,579                    5,434                      Other currencies
      Jumlah                                43,569,121               32,859,510                                 Total




19.   Perpajakan                                          19. Taxation

      a.    Tagihan kelebihan pembayaran                        a.      Claims for tax refund
            pajak

                                              2023                     2022
                                               Rp                       Rp
            Entitas anak                                                                                  Subsidiaries
              TPInt                                        --             661,001                            TPInt
            Jumlah                                         --             661,001                               Total



      b.    Pajak dibayar dimuka                                     b. Prepaid taxes


                                              2023                     2022
                                               Rp                       Rp

            Perseroan                                                                                  The Company
            Pajak Pertambahan Nilai                        --              624,609                   Value Added Tax
            Pasal 28A                                      --           15,641,126                          Article 28A
            Sub-jumlah - Perseroan                         --           16,265,735              Sub total - Perseroan

            Entitas anak                                                                                Subsidiaries
            Pasal 23                               5,549,856             5,738,427                         Article 23
            Pasal 21                                     166                     --                        Article 21
            Pasal 25                               3,141,322               132,962                         Article 25
            Pasal 4 (2) final                     11,790,274            10,448,449                  Article 4(2) final
            Pasal 28A                                      --            6,518,506                        Article 28A
            Pajak Pertambahan Nilai               14,756,747             7,627,607                 Value Added Tax
            Sub-jumlah - entitas anak             35,238,365            30,465,951          Sub total - subsidiaries
            Jumlah                                35,238,365            46,731,686                               Total




                                                     89
Page 577
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)

    c.   Tagihan kekurangan pembayaran                                     c.      Tax underpayment bill
         pajak
         Pada tahun 2023, Perseroan dan TPInt                                      On 2023, the Company and TPInt,
         (Entitas  Anak)    menerima     Surat                                     Subsidiaries, received Tax Assessment
         Ketetapan Pajak (SKP) untuk tahun                                         Letters for the 2018 and 2020 tax years,
         pajak 2018 dan 2020, sebagai berikut:                                     as follows:
             Enitas/          Tahun pajak/   Jenis pajak/      Nomor surat ketetapan pajak/         Tanggal terbit/          Jumlah/
             Entity            Fiscal Year    Tax type         Tax assessment letter number           Issue date              Total
           Perseroan/                         Pasal 29/                                             4 Desember/
                                 2018                         SKPKB No.00027/206/18/062/23                                     2,602,874
          The company                         Article 29                                          December 4, 2023

           Perseroan/                         Pasal 21/                                             4 Desember/
                                 2018                         SKPKB No.00033/201/18/062/23                                       246,892
          The company                         Article 21                                          December 4, 2023
                                              Pasal 29/                                            20 Desember/
              TPInt              2020                         BA-371/P2DK/KPP.061705/2023                                        406,405
                                              Article 29                                         December 20, 2023
                                                                                                 Jumlah/ Total                 3,256,171


    d.   Utang pajak                                                            d. Taxes payables
         Utang pajak terdiri dari:                                                 Taxes payables consist of:
                                                            2023                  2022
                                                             Rp                    Rp

         Perseroan                                                                                                      The Company
         Pajak penghasilan badan                                                                                  Corporate income tax
         Pasal 29                                           130,001,665            47,698,729                                 Article 29
         Pajak lainnya                                                --                  324                               Other taxes
         Pasal 21                                            10,052,509             2,398,333                                 Article 21
         Pasal 23                                               892,104               542,997                                 Article 23
         Pasal 25                                                     --              965,258                                 Article 25
         Pasal 26                                             4,746,273               129,593                                 Article 26
         Pasal 4 (2) final                                        7,264                 7,698                          Article 4(2) final
         Pajak Pertambahan Nilai                                296,825                     --                        Value Added Tax
         Sub-jumlah - Perseroan                             145,996,640            51,742,932                    Sub total - Perseroan

         Entitas anak                                                                                                      Subsidiaries
         Pasal 21                                             3,661,468             4,286,583                                Article 21
         Pasal 23                                               171,173               181,403                                Article 23
         Pasal 25                                               189,186               226,175                                Article 25
         Pasal 29                                            29,259,679             6,899,177                                Article 29
         Pasal 4 (2) final                                        8,277                57,881                         Article 4(2) final
         Pajak Pertambahan Nilai                              1,014,447             1,383,871                        Value Added Tax
         Pasal 26                                                41,803                 7,746                                Article 26
         Sub-jumlah - entitas anak                           34,346,033            13,042,836                 Sub total - subsidiaries
         Jumlah                                             180,342,673            64,785,768                                      Total


    e.   Beban pajak final dan pajak                                            e. Final tax and income tax expense
         penghasilan
                                                            2023                 2022
                                                             Rp                   Rp
         Beban pajak final:                                                                                        Final tax expenses:
         Perseroan                                          (34,506,734)         (15,681,704)                            The Company
         Entitas Anak                                       (17,653,160)         (14,814,659)                              Subsidiaries
         Konsolidasi                                        (52,159,894)         (30,496,363)                             Consolidated
         Beban pajak penghasilan                                                                                  Income tax expense:
         Perseroan                                                                                                     The Company
         Kini                                              (288,292,015)         (76,133,446)                                 Current
         Tangguhan                                           (3,050,451)          (9,454,633)                                Deferred
                                                           (291,342,466)         (85,588,079)

                                                                 90
Page 578
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

                                                   2023              2022
                                                    Rp                Rp
         Entitas anak                                                                                    Subsidiaries
         Kini                                     (32,784,452)      (11,238,030)                             Current
         Tangguhan                                  46,057,540         5,230,598                            Deferred
                                                    13,273,088       (6,007,432)
         Konsolidasi                                                                                    Consolidated
         Kini                                    (321,076,467)      (87,371,476)                            Current
         Tangguhan                                  43,007,089       (4,224,035)                           Deferred
         Jumlah                                  (278,069,378)      (91,595,511)                               Total


        Rekonsiliasi antara laba sebelum                              The reconciliation between income
        beban     pajak  final dan  pajak                             before final and income tax expense and
        penghasilan dan penghasilan kena                              the taxable income for the year is as
        pajak untuk tahun berjalan adalah                             follows:
        sebagai berikut:

                                                  2023              2022
                                                   Rp                Rp
         Laba konsolidasian sebelum                                                           Consolidated income
            pajak penghasilan                    1,580,170,647      486,700,851                        before tax
         Keuntungan anak perusahaan                                                                 Gain before tax
            sebelum pajak                           69,966,257      (56,246,425)               from subsidiaries
         Eliminasi konsolidasian                 (113,131,733)        57,112,472           Consolidation elimination
         Laba sebelum pajak penghasilan          1,537,005,171      487,566,898                  Income before tax
         Beda waktu:                                                                        Temporary differences:
         Estimasi klaim retensi sendiri            14,390,479        (7,481,413)      Estimated own retention claim
         Penyisihan kerugian                                                                         Allowance for
            penurunan nilai                        (5,270,717)         8,749,125                 impairment losses
         Premi belum merupakan pendapatan          (9,783,735)      (14,779,920)        Unearned premium reserve
         Beban bunga sewa                              164,946                 --           Lease interest expense
         Amortisasi aset hak guna                    (399,515)                 --                    Allowance for
         Cadangan penurunan nilai aset lainnya       2,234,575                 --                impairment losses
         Liabilitas imbalan kerja                  19,956,268          7,811,682        Employee benefits liabilities
                                                   21,292,301        (5,700,526)
         Beda tetap:                                                                       Permanent differences:
         Pendapatan investasi yang                                                             Investment income
           dikenakan pajak final                 (317,162,273)     (163,086,872)              subject to final tax
         Biaya yang tidak diperkenankan             34,776,319        11,599,916          Non-deductible expenses
         Beban pajak final                          34,506,734        15,681,704                Final tax expense
                                                 (247,879,220)     (135,805,252)
         Penghasilan kena pajak                  1,310,418,252      346,061,120                     Taxable income
         Beban pajak penghasilan                  288,292,015        76,133,446                 Income tax expense
         Dikurangi:                                                                                             Less:
         Pajak dibayar di muka                                                                            Prepaid tax
           - Pasal 25                            (158,290,350)      (28,434,717)                        Article 25 -
         Liabilitas (tagihan)                                                                Corporate income tax
            pajak penghasilan                     130,001,665        47,698,729             liability (receivable)


        Berdasarkan            Undang-Undang                          Under the Taxation Laws of Indonesia,
        Perpajakan yang berlaku di Indonesia,                         the Group submits tax returns on the
        Grup menghitung, menetapkan, dan                              basis     of    self-assessment.    The
        membayar sendiri besarnya jumlah                              Directorate General of Taxation (“DGT”)
        pajak yang terhutang. Direktorat                              may assess or amend taxes within five
        Jenderal     Pajak    ("DJP")  dapat                          years of the time the tax becomes due.
        menetapkan atau mengubah utang
        pajak dalam batas waktu lima tahun
        sejak saat terhutangnya pajak.



                                                       91
Page 579
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                     unless otherwise stated)

    f.   Aset pajak tangguhan                                                                         f. Deferred tax assets
                                                                             31 Desember/December 31, 2023
                                                                                                          (Dibebankan)
                                                                                     Dibebankan ke         dikreditkan/
                                                                                       penghasilan          ke laporan
                                                                 Penyesuaian         komprehensif           laba rugi/
                                                               pajak tangguhan/       lain/Charged         (Charged)/
                                            Saldo awal/           Adjusment            to the other          credited          Saldo akhir/
                                            Beginning            on deferred        comprehensive            to profit           Ending
                                             balance                  tax                income              and loss           balance

         Perseroan                                                                                                                                                        The Company
         Estimasi klaim retensi sendiri          13,016,903                     --                   --          3,165,905          16,182,808            Estimated own retention Claim
         Penyisihan kerugian                                                                                                                                                Allowance for
           penurunan nilai                       29,148,161                     --                   --         (1,159,558)         27,988,603                       impairment losses
         Cadangan atas premi                                                                                                                                          Unearned premium
           belum merupakan pendapatan              5,921,540          (1,477,645)                   --          (2,152,422)           2,291,473                                reserves
         Liabilitas imbalan kerja                55,177,574                    --          (1,662,399)            4,390,379          57,905,554               Employee benefit liabilities
         Keuntungan obligasi belum diakui        (5,635,986)                   --          (4,603,086)                    --       (10,239,072)                Unrealized gain of bonds
         Deemed dividend                           6,024,773                   --                   --          (6,024,773)                   --                        Deemed dividend
         Penyisihan kerugian                                                                                                                                   Allowance for impairment
           penurunan nilai aset lainya                    --                    --                   --            491,606              491,606                    losses other assets
         Aset hak guna                                    --            (411,271)                    --            (87,893)           (499,164)                       Right of use assets
         Liabilitas Sewa                                  --              178,933                    --              36,288             215,221                           Leases liability
         Sub-jumlah                             103,652,965           (1,709,983)          (6,265,485)          (1,340,468)         94,337,029                                 Sub-total
         Entitas anak                                                                                                                                                    Subsidiaries
         Estimasi klaim retensi sendiri          28,707,596                     --                   --         36,406,528          65,114,124           Estimated own retention Claim
         Penyisihan kerugian                                                                                                                                             Allowance for
           penurunan nilai                       43,755,761                     --                   --         (1,960,656)         41,795,105                    impairment losses
         Cadangan atas premi                                                                                                                                       Unearned premium
           belum merupakan pendapatan            22,060,793                     --                  --           56,019,314         78,080,107                              reserves
         Liabilitas imbalan kerja                  5,293,312                    --            430,733             (581,636)           5,142,409              Employee benefit liabilities
         Keuntungan obligasi belum diakui        (1,678,499)                    --             96,493                     --        (1,582,006)               Unrealized gain of bonds
         Deemed dividend                         15,883,491                     --                  --         (15,883,491)                   --                     Deemed dividend
         Sewa                                    (2,778,023)                    --                  --            3,638,631             860,608                                 Leases
         Persediaan                                (474,961)                    --                  --            (543,621)         (1,018,582)                            Inventories
         Aset Tetap                              (2,446,651)                    --                  --            1,368,609         (1,078,042)                          Fixed Assets
         Beban Amortitasi                            433,214                    --                  --          (1,921,750)         (1,488,536)                  Amortization expense
         Rugi Fiskal                             31,096,324                     --                  --         (31,096,324)                   --                            Fiscal loss
         Bonus dan Kompensasi karyawan               876,597                    --                  --              611,936           1,488,533    Bonuses and employee compensation
         Sub-jumlah                             140,728,954                     --            527,226           46,057,540         187,313,720                                 Sub-total
         Jumlah                                 244,381,919           (1,709,983)          (5,738,259)          44,717,072         281,650,749                                      Total



                                                                             31 Desember/December 31, 2022
                                                                                                          (Dibebankan)
                                                               Dibebankan ke         Dibebankan ke         dikreditkan/
                                                                 penghasilan           penghasilan          ke laporan
                                                                komprehensif         komprehensif           laba rugi/
                                                                lain/Charged          lain/Charged         (Charged)/
                                            Saldo awal/          to the other          to the other          credited          Saldo akhir/
                                            Beginning          comprehensive        comprehensive            to profit           Ending
                                             balance               income                income              and loss           balance

         Perseroan                                                                                                                                                      The Company
         Estimasi klaim retensi sendiri          14,662,814                     --                   --         (1,645,911)         13,016,903            Estimated own retention Claim
         Penyisihan kerugian                                                                                                                                              Allowance for
           penurunan nilai                       35,685,346                     --                   --         (6,537,185)         29,148,161                     impairment losses
         Cadangan atas premi                                                                                                                                        Unearned premium
           belum merupakan pendapatan              9,173,123                    --                   --         (3,251,583)           5,921,540                              reserves
         Liabilitas imbalan kerja                58,871,268                     --         (5,673,740)            1,980,046         55,177,574                Employee benefit liabilities
         Keuntungan obligasi belum diakui        (9,259,008)                    --           3,623,022                    --        (5,635,986)                Unrealized gain of bonds
         Deemed dividend                           6,024,773                    --                   --                   --          6,024,773                       Deemed dividend
         Sub-jumlah                             115,158,316                     --         (2,050,718)          (9,454,633)        103,652,965                                  Sub-total
         Entitas anak :                                                                                                                                                  Subsidiaries
         Estimasi klaim retensi sendiri          23,897,825                     --                   --          4,809,771           28,707,596          Estimated own retention Claim
         Penyisihan kerugian                                                                                                                                             Allowance for
           penurunan nilai                       41,878,898                     --                   --          1,876,863           43,755,761                   impairment losses
         Cadangan atas premi                                                                                                                                       Unearned premium
           belum merupakan pendapatan              (296,581)                    --                  --           22,357,374         22,060,793                              reserves
         Liabilitas imbalan kerja                  6,937,827                    --         (1,226,696)            (417,819)           5,293,312              Employee benefit liabilities
         Keuntungan obligasi belum diakui       (22,063,473)                    --         20,384,974                     --        (1,678,499)               Unrealized gain of bonds
         Deemed dividend                          15,883,491                    --                  --                    --        15,883,491                       Deemed dividend
         Sewa                                    (4,922,761)                    --                  --            2,144,738         (2,778,023)                                 Leases
         Persediaan                                (474,961)                    --                  --                    --          (474,961)                            Inventories
         Aset Tetap                              (2,082,612)                    --                  --            (364,039)         (2,446,651)                          Fixed Assets
         Beban Amortitasi                            666,986                    --                  --            (233,772)             433,214                  Amortization expense
         Rugi Fiskal                              56,040,003                    --                  --         (24,943,679)         31,096,324                              Fiscal loss
         Bonus dan Kompensasi karyawan               875,436                    --                  --                1,161             876,597    Bonuses and employee compensation
         Sub-jumlah                             116,340,078                     --         19,158,278            5,230,598         140,728,954                                  Sub-total
         Jumlah                                 231,498,394                     --         17,107,560           (4,224,035)        244,381,919                                      Total




    g.   Rekonsiliasi perpajakan                                                                     g. Tax reconciliation
         Rekonsiliasi antara beban pajak dan                                                              A reconciliation between the tax
         hasil perkalian laba akuntansi sebelum                                                           expenses and the amounts computed by
         pajak menurut laporan laba rugi dan                                                              applying the prevailing tax rates to profit
         penghasilan komprehensif lain dengan                                                             before tax per statement of profit or loss
         tarif pajak yang berlaku adalah sebagai                                                          and other comprehensive income is as
         berikut:                                                                                         follows:

                                                                                 92
Page 580
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)


                                                2023             2022
                                                 Rp               Rp
         Laba konsolidasian sebelum                                                           Consolidated income
            pajak penghasilan                  1,580,170,647     486,700,851                           before tax
         Keuntungan anak perusahaan                                                                 Gain before tax
            sebelum pajak                         69,966,257     (56,246,425)                  from subsidiaries
         Eliminasi konsolidasian               (113,131,733)       57,112,472              Consolidation elimination
         Laba sebelum pajak penghasilan        1,537,005,171     487,566,898                     Income before tax
         Beban pajak penghasilan dengan                                            Income tax expense at effective
           tarif pajak efektif                  338,141,138      107,264,718                                 tax rate
         Pengaruh pajak atas manfaat (beban)                                    Tax effects of (non-taxable income)
           yang tidak dapat diperhitungkan                                                non-deductible expenses:
           Pendapatan investasi yang                                                          Investment income
              dikenakan pajak final             (69,775,700)     (35,879,112)                  subject to final tax
           Biaya yang tidak diperkenankan          7,650,790        2,551,982           Non-deductible expenses
           Beban pajak final                       5,176,010        2,352,256                   Final tax expense
           Penyesuaian atas pajak tangguhan       10,150,228        9,298,235   Adjust on the tax determined tax
         Jumlah                                 (46,798,672)     (21,676,639)                                    Total
         Beban pajak Perusahaan                 291,342,466       85,588,079              Company’s tax expense



    h.   Surat ketetapan pajak                                 h. Tax assessment letters
         Perseroan                                                The Company
         2018                                                     2018
         Pada 19 Juni 2023 diterimanya surat                      On June 19 2023, the tax field inspection
         pemeriksaan lapangan perpajakan S-                       letter S-00501/RIKSIS/KPP.0411/2023
         00501/RIKSIS/KPP.0411/2023      untuk                    was received for the 2018 tax year as
         tahun pajak 2018 sekaligus pemenuhan                     well as fulfilling the request to borrow
         Permintaan Peminjaman Buku, Catatan                      books, notes and documents. It is
         dan     Dokumen.     Wajib    banyak                     mandatory to provide many responses
         memberikan tanggapan dan penjelasan                      and explanations via letter No.
         melalui surat No. 002/S/04/ACC-                          002/S/04/ACC-ATPI/VIII/2023,          the
         ATPI/VIII/2023, proses pemeriksaan                       inspection process continues until
         berlangsung       sampai      dengan                     Notification Letter of Examination
         dikeluarkan Surat Pemberitahuan Hasil                    Results (SPHP) No. is issued. S-
         Pemeriksaan      (SPHP)     No.    S-                    00930/RIKSIS/KPP.0411/2023             on
         00930/RIKSIS/KPP.0411/2023      pada                     November 20, 2023.
         tanggal 20 November 2023.
         Perseroan    dan     pemeriksa  telah                    The Company and the examiner have
         menyetujui beberapa poin dari SPHP                       agreed on several points of the SPHP so
         sehingga diterbitkan Surat Ketetapan                     that an Underpayment Tax Assessment
         Pajak Kurang Bayar (SKPKB) dengan                        (SKPKB) has been issued with the
         perincian sebagai berikut:                               following details:
         1. SKPKB No. 00027/206/18/062/23                         1. SKPKB No. 00027/206/18/062/23 for
              atas PPh Badan Th 2018 senilai                           2018 Corporate Income Tax worth
              AS $167,949 (nilai penuh);                               US $ 167.949 (full amount);
         2. SKPKB No. 00033/201/18/062/23                         2. SKPKB No. 00033/201/18/062/23 for
              atas PPh 21 Tahun 2018 senilai                           PPh 21/2018 worth Rp246,892.
              Rp246.892.

         Atas kedua SKPKB yang diterbitkan                        The two SKPKBs were issued on
         pada tanggal 4 Desember 2023                             December 4, 2023, the Company has
         tersebut,      Perseroan    melakukan                    paid the SKPKB and recognized tax
         pembayaran SKPKB dan mengakui                            penalties which recorded as other
         denda pajak yang dicatat pada beban                      expenses in financial statement 2023.
         lain-lain dalam laporan keuangan tahun
         2023.
                                                    93
Page 581
PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

        2021                                                     2021
        Pada laporan SPT Badan Tahun Buku                        In the Annual Tax Return (SPT) of
        2021, Perusahaan mencatat lebih bayar                    financial year 2021, the Company has
        sebesar Rp15.641.126. Atas itu, pada                     recognized     tax   overpayment      by
        tahun 2022, Perseroan menerima Surat                     Rp15,641,126. Thus, in 2022, the
        Pemberitahuan Pemeriksaan Lapangan                       Company has received Notification of
        Pajak Badan Tahun Buku 2021 PEMB-                        Corporate Tax Field Audit financial year
        00281/WPJ.04/KP.1104/ RIK.SIS/2022.                      2021        PEMB00281          WPJ.04/
                                                                 KP.1104/RIK.SIS/2022.
        Perseroan menerima Berita Acara                          The      Company      had    received
        Pemberian Keterangan pada tanggal                        Minutes of Information Provision at
        12 September 2022. Serta Surat                           September 12, 2022, along with
        Permintaan      Peminjaman        Buku,                  Request Letter of Book, Notes,
        Catatan, dan Dokumen No.S-111/KPP.                       and      Documents      Number      S-
        0411/PaPJ.2/VI/2022        sehubungan                    111/KPP.0411/PaPJ.2/VI/2022 regarding
        dengan Permintaan Peminjaman Buku,                       to the Request for Borrowing Books,
        Catatan dan Dokumen. Pada tahun                          Records and Documents. In 2023, the
        2023, Perseroan telah menyetujui hasil                   Company has agreed to the audit results
        pemeriksaan dan telah menerima Surat                     and has received Tax Overpayment
        Perintah Membayar Kelebihan Pajak                        Refund Order issued by the tax
        yang diterbitkan oleh kantor pajak                       office      in     SKPKPP        KEP-
        dalam          SKPKPP             KEP-                   00059/PPH/KPP.0411/2023 Corporate
        00059/PPH/KPP.0411/2023 PPh Badan                        Income Tax issued on June 14, 2023
        yang          diterbitkan          pada                  in the amount of Rp12,306,329 with the
        14 Juni 2023 sebesar Rp12.306.329                        following details:
        dengan perincian sebagai berikut:
        1. SKPLB No. 00047/406/21/062/23                         1.   SKPLB No. 00047/406/21/062/23 on
            atas    PPh        Badan     senilai                      corporate income tax amounting to
            Rp13.018.450;                                             Rp13,018,450;
        2. SKPKB      No.00069/201/21/062/23                     2.   SKPKB No.00069/201/21/062/23 on
            atas PPh 21 sebesar Rp330.184;                            Income Tax 21 amounting to
                                                                      Rp330,184;
        3.   SKPKB No.00005/243/21/062/23                        3.   SKPKB No.00005/243/21/062/23 on
             atas PPh 21 Final sebesar                                Final Income Tax of Rp337,395;
             Rp337.395;
        4.   SKPKB No. 00061/240/21/062/23                       4.   SKPKB No. 00061/240/21/062/23 on
             atas PPh 4 Ayat 2 sebesar                                Income Tax 4 Paragraph 2 in the
             Rp44.541.                                                amount of Rp44,541.

        Keseluruhan SKP yang diterima                            All SKPs received were issued on April
        tersebut diterbitkan pada tanggal                        13, 2023. There is difference amounted
        13 April 2023. Terdapat selisih sebesar                  to Rp3,334,795 with the value of the
        Rp3.334.795 dengan nilai lebih bayar                     2021 corporate tax overpayment in the
        pajak badan tahun 2021 yang telah                        Company’s financial statement. The
        dicatat   pada    laporan     keuangan                   Company recorded other expenses for
        Perseroan. Perseroan mencatatkan                         the difference in 2023.
        beban lain-lain atas selisih tersebut
        pada tahun 2023.

        Entitas Anak                                             The subsidiaries

        Tugu Pratama Interindo (TPInt)                           Tugu Pratama Interindo (TPInt)
        2019                                                     2019
        Pada tanggal 30 Juni 2020 diterimanya                    On June 30, 2020, Audit Order
        Surat Perintah Pemeriksaan No.PRIN-                      Letter No.PRIN-00150/WPJ.06/KP.0805/
        00150/WPJ.06/KP.0805/RIK.SIS/2020                        RIK.SIS/2020 was received for the 2019
                                                   94
Page 582
PT ASURANSI TUGU PRATAMA INDONESIA TBK                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                     unless otherwise stated)

        untuk tahun pajak 2019. Pada 28 April                  tax year. On April 28, 2021, TPint
        2021 Perusahaan menerima menerima                      received an Overpaid Tax Assessment
        Surat Ketetapan Pajak Lebih Bayar                      Letter (SKPLB) No. 00015/406/19/
        (SKPLB) No.00015/406/19/071/21 atas                    071/21 for the 2019 Corporate Income
        Pajak Penghasilan Badan Tahun 2019                     Tax amounting to Rp6,245,433.
        sebesar Rp6.245.433.

        Pada Tahun 2020, TPInt menerima                        In 2020, TPInt received several Tax
        beberapa Surat Tagihan Pajak (STP)                     Collection Letters (STP) and Surat
        dan Surat Ketetapan Pajak Kurang                       Ketetapan Pajak Kurang Bayar (SKPKB)
        Bayar (SKPKB) dengan total nilai                       with a total value of Rp116,070.
        sebesar Rp116.070.

        TPint menyetujui STP dan SKPKB                         TPint approved the STP and SKPKB and
        tersebut dan pembayaran atas pajak                     the payment of the tax was made by
        tersebut dilakukan dengan cara                         compensating the tax payable against
        mengkompensasikan       utang   pajak                  the SKPLB received by the subsidiary.
        tersebut    terhadap   SKPLB    yang                   And on September 1, 2021, in
        diterima oleh entitas anak. Dan pada                   accordance with the Order to Pay
        tanggal 1 September 2021 sesuai                        Excess Tax (SPM-KP) which has been
        dengan Surat Perintah Membayar                         issued by the Tax Office, TPint received
        Kelebihan Pajak (SPM-KP) yang telah                    the remaining 2019 Corporate Tax
        diterbitkan oleh Kantor Pajak, TPint                   Overpayment of Rp5,468,361.
        menerima sisa Kelebihan Pembayaran
        Pajak Badan Tahun 2019 sebesar
        Rp5.468.361.

        Atas SPM-KP tersebut, pada tanggal                     Regarding the SPM-KP, on October 12,
        12 Oktober 2021 TPint mengajukan                       2021, the TPint submitted an objection
        surat keberatan atas perhitungan                       letter on the calculation of compensation
        kompensasi utang pajak sebesar                         for tax debts amounting to Rp661,001
        Rp661.001 karena nilai tersebut adalah                 because the amount is a reduction in tax
        pengurangan sanksi pajak yang telah                    sanctions that have been given by the
        diberikan oleh Dirjen Pajak sesuai                     Director General of Taxes in accordance
        dengan Surat Keputusan Dirjen Pajak                    with the Decree of the Director General
        No.03886- 03893/NKEB/WPJ.06/2020.                      of Taxes No. 03886- 03893/NKEB/
        Untuk itu Perseroan memohon agar                       WPJ.06/2020. For this reason, the
        Kantor Pajak dapat membayarkan sisa                    Company requests that the Tax Office
        Pajak     Lebih    Bayar      sebesar                  be able to refund the remaining overpaid
        Rp661.001.                                             tax of Rp661,001.

        Atas sisa Pajak Lebih Bayar PPh                        The remaining corporate income tax
        Badan sebesar Rp661.001 tersebut                       overpayment amounting to Rp661,001
        telah diterima dalam bentuk pemindah                   has been received in the form of a book
        bukuan di tahun 2023 ke pembayaran                     transfer in 2023 to the payment of PPh
        PPh pasal 21 sebesar Rp661.001.                        article 21 amounting to Rp661,001.
        Sehingga, seluruh Pajak Lebih Bayar                    Thus, all Corporate Income Tax
        Pph Badan telah diterima oleh                          Overpayments have been received by
        Perusahaan.                                            the Company.

        2020                                                   2020
        Pada     bulan  Desember    2023,                      In December 2023, the Company
        Perusahaan     menerima     Surat                      received Data Explanation Request
        Permintaan Penjelasan Data No.S-                       Letter No.S-1181/P2DK/KPP.0617/2023
        1181/P2DK//KPP.0617/2023      per                      dated 24 November 2023 on 2020
        tanggal 24 Nopember 2023 atas                          taxation. To this letter, the Company has
        perpajakan Tahun 2020. Atas surat                      responded       through       letter  No.
                                                 95
Page 583
PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

        tersebut,       Perusahaan         telah                 138/TPInt/Akt/XII/2023.     On      20
        memberikan tanggapan melalui surat                       December       2023,    the    Minutes
        No.     138/TPInt/Akt/XII/2023.    Pada                  of   Settlement     no.  BA-371/P2DK/
        tanggal 20 Desember 2023, telah                          KPP.061705/2023 was signed and the
        ditandatangani        Berita      Acara                  Company agreed on the following
        Penyelesaian      No.     BA-371/P2DK/                   matters:
        KPP.061705/2023 dan Perusahaan
        menyepakati hal-hal berikut ini:
        1. Melakukan       pemindah      bukuan                  1. Bookkeeping due to incorrect
             akibat salah setor PPh Pasal 21                        deposit of Article 21 income tax
             sebesar Rp32.706;                                      amounting to Rp32,706;
        2. Melakukan       pemindah      bukuan                     Transferring books due to incorrect
             akibat    salah     setor     Pajak                    income tax deposits of Rp1,211,968;
             penghasilan sebesar Rp1.211.968;
        3. Melakukan revisi atas SPT Badan                           Revise the 2020 Corporate Tax
             Tahun         2020          dengan                      Return by adding a positive fiscal
             menambahkan koreksi fiscal positif                      correction to other general expenses
             atas beban umum lainnya sebesar                         of Rp1,847,293, so that there is an
             Rp1.847.293, sehingga terdapat                          underpayment of income tax ps. 29
             kurang bayar PPh ps. 29 sebesar                         amounted to Rp406,405. And for the
             Rp406.405. Dan atas kurang bayar                        underpayment of article 29 income
             PPh pasal 29 tersebut Perusahaan                        tax, the Company will make a
             akan melakukan penyetoran pada                          deposit in January 2024.
             bulan Januari 2024.

        2021                                                     2021
        Pada tanggal 31 Juli 2023, Perusahaan                    On July 31, 2023, the Company received
        menerima Surat Pemberitahuan Hasil                       a Notification of Tax Audit Results
        Pemeriksaan Pajak (SPHP) Tahun                           (SPHP)      Year      2021     No.    S-
        2021 No. S-00598/RIKSIS/KPP.0617/                        00598/RIKSIS/KPP.0617/2023 with the
        2023 dengan hasil PPh Badan Lebih                        results of Overpaid Corporate Income
        Bayar sebesar Rp5.189.625, PPh pasal                     Tax of Rp5,189,625, Accrued PPh article
        26 yang masih harus dibayar sebesar                      26 of Rp187,659 and Article 4 paragraph
        Rp187.659 dan PPh pasal 4 ayat 2                         2 Income Tax of Rp8,445 to the SPHP,
        sebesar Rp8.445 Atas SPHP tersebut                       the Company responded through Letter
        Perusahaan memberikan tanggapan                          no. 088/TPInt/Akt/VIII/2023 on August 2,
        melalui Surat No. 088/TPInt/Akt/VIII/                    2023 stating that the Overpaid Corporate
        2023 pada tanggal 2 Agustus 2023                         Income Tax should be Rp5,197,643. and
        yang menyatakan bahwa PPH Badan                          income tax; and Article 4 paragraph 2
        Lebih bayar seharusnya Rp5.197.643                       should be Nil, while for the results of
        dan PPh pasal 4 ayat 2 seharusnya                        PPh article 26 it was agreed to be
        Nihil, sedangkan untuk hasil PPh pasal                   Rp189,659. For the SPHP the Company
        26 disepakati sebesar Rp189.659 Atas                     received SKPLB and STP as of date
        SPHP tersebut Perusahaan menerima                        8 August 2023 as follows;
        SKPLB      dan   STP     per   tanggal
        8 Agustus 2023 sebagai berikut;
        1. SKPLB No 00114/406/21/078/23                          1. SKPLB No 00114/406/21/078/23 on
             atas pajak penghasilan sebesar                         income tax of Rp5,197;
             Rp5.197;
        2. SKP Nihil No 00067/501/21/078/23                      2. SKP Nihil No 00067/501/21/078/23
             atas PPh Pasal 21 sebesar Nihil;                       on Article 21 income tax of Nil;
        3. SKP Nihil No 00131/503/21/078/23                      3. SKP Nihil No 00131/503/21/078/23
             atas PPh Pasal 23 sebesar Nihil;                       on Article 23 income tax of Nil;
        4. SKP Nihil No 00071/504/21/078/23                      4. SKP Nihil No 00071/504/21/078/23
             atas PPh Pasal 26 sebesar Nihil;                       on income tax Article 26 amounted
                                                                    to Nil;

                                                   96
Page 584
PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

        5.   SKPKB no. 00020/204/21/078/23                       5. SKPKB no. 00020/204/21/078/23 on
             atas PPh Pasal 26 sebesar                              Article 26 income tax amounting to
             Rp190.145;                                             Rp 190,145;
        6.   SKP Nihil No 00154/450/21/078/23                    6. SKP Nihil No 00154/450/21/078/23
             atas PPh Pasal 4(2) sebesar Nihil;                     on Article 4(2) income tax of Nil;
        7.   SKP Nihil No 00155/450/21/078/23                    7. SKP Nihil No 00155/450/21/078/23
             atas PPh Pasal 4(2) sebesar Nihil.                     on Article 4(2) income tax of Nil.

        Perusahaan setuju untuk melakukan                        The Company agrees to make payment
        pembayaran      atas    SKPKB    yang                    for the SKPKB received by making direct
        diterima dengan cara melakukan                           deductions    on    the   SKPLB      to
        pemotongan langsung pada SKPLB                           be received. On September 5, 2023,
        yang     akan     diterima.   Tanggal                    the Tax Office issued a Return
        5 September 2023 Kantor Pajak                            of       Tax     Overpayment       No.
        menerbitkan     Surat    Pengembalian                    Kep-00227/PPH/KPP.0617/2023          of
        Kelebihan Pembayaran Pajak No. Kep-                      Rp5,007,984 and the return of the
        00227/PPH/KPP.0617/2023       sebesar                    SKPLB that had been net-off with the
        Rp      Rp5.007.984       dan     atas                   SKPKB was received by the Company
        pengembalian SKPLB yang telah                            on October 9, 2023.
        dikurangkan dengan SKPKB tersebut
        diterima oleh Perusahaan pada tanggal
        9 Oktober 2023.

        2022                                                     2022
        Tanggal 25 Mei 2023, Perusahaan                          On May 25, 2023, the Company
        menerima      Surat      No.        S-                   received         Letter     No.       S-
        00377/RIKSIS/KPP-0617/2023 perihal                       00377/RIKSIS/KPP-0617/2023 regarding
        Pemberitahuan           Pemeriksaan                      the Notice of Field Audit for the period
        Lapangan untuk period Januari sampai                     January to December 2022. Until the
        Desember 2022. Sampai dengan                             completion date of these consolidate
        tanggal    penyelesaian       laporan                    financial statement, the examination is
        keuangan      konsolidasian        ini,                  still on progress.
        pemeriksaan tersebut masih dalam
        proses.

        Tugu Reasuransi Indonesia (TRI)                          Tugu Reasuransi Indonesia (TRI)
        2020                                                     2020
        Pada tanggal 18 November 2021,                           On November 18, 2021, the Company
        Perseroan menerima surat Perintah                        has received tax examination letter
        Pemeriksaan Pajak No. 00157/WPJ.                         No.00157/WPJ.06/KP.1704/RIK.     SIS/
        06/KP.1704.RIK.SIS/2021          terkait                 2021 related to examination of fiscal
        pemeriksaan pajak tahun fiskal 2020.                     year 2020.

        Atas surat perintah pemeriksaan pajak                    Upon tax examination letter No.
        No.00157/WPJ.06/KP.1704.RIK.SIS/                         00157/WPJ.06/KP.1704/RIK.SIS/2021,
        2021 Perseroan telah menerima Surat                      the Company has received Tax
        Ketetapan Pajak Lebih Bayar (SKPLB)                      Assessment Letter for Overpayment
        No.00061/406/20/078/22        tanggal                    (SKPLB)      No.   00061/406/20/078/22
        25 April 2022 atas pajak penghasilan                     dated April 25, 2022 related to corporate
        badan tahun pajak 2022 sebesar                           income tax for fiscal year 2022
        Rp357.956 dan merubah rugi fiskal dari                   amounted to Rp357,956 and changed
        Rp42.789.241 menjadi Rp38.083.460.                       tax   loss    from   Rp42,789,241      to
                                                                 Rp38,083,460.

        Pratama Mitra Sejati (PMS)                               Pratama Mitra Sejati (PMS)
        2019                                                     2019
        Pada   tahun    2023     Perusahaan                      In 2023 the Company             received
                                                   97
Page 585
PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

        menerima Surat Pemeriksaan No.                           Examination             Letter  No.
        S-46/WPJ.064/2023 untuk tahun 2019                       S-46/WPJ.064/2023 for 2019 and it is
        dan masih proses sampai saat ini.                        still process until today.

        2020                                                     2020
        Pada tahun 2022, Perseroan menerima                      In 2022, The Company received
        Surat Ketetapan Pajak Lebih Bayar                        Overpayment Tax Assesment Letter
        (“SKPLB”) No. 00115/406/20/073/22                        (“SKPLB”) No. 0115/406/20/073/22 for
        atas pajak penghasilan untuk tahun                       income tax for the year 2020 amounting
        2020 nilai sebesar Rp1.864.369 dan                       Rp1,864,369 the company has received
        telah menerima atas lebih bayar pajak                    the Overpayment tax. The company Nil
        tersebut. Perseroan menerima Surat                       Tax Assesment Letter (SKPN) for Value
        Ketetapan Pajak Nihil (“SKPN”) atas                      Added Tax for January to December.
        pajak pertambahan nilai atas masa
        Januari sampai dengan Desember.

        Surat Ketetapan Pajak Nihil (“SKPN”)                     Nil Tax Assessment Letter (“SKPN”) for
        atas pajak penghasilan pasal 21, pasal                   income tax article 21, article 4(2) and
        4(2) dan pasal 23 Januari sampai                         article 23 for January to November as
        dengan     November        dan     Surat                 well as Underpayment Tax Assessment
        Ketetapan     Pajak     Kurang    Bayar                  Letter (“SKPKB”) No. 00120/203/20/
        (“SKPKB”) No. 00120/203/20/073/22                        073/22 for value added for Period
        bulan Desember sebesar Rp6.233.767                       December amounting to R6,233,767 The
        Perusahaan        telah      melakukan                   company has paid the Tax Assessment
        pembayaran atas Surat Ketetapan                          Letter. The Company accepted the result
        Pajak    Kurang      Bayar     tersebut.                 and did not filed an appeal against the
        Perseroan menerima hasil dan tidak                       Directorate General of Taxation's
        mengajukan banding atas keputusan                        assessment.
        ketetapan tersebut.

        2021                                                     2021
        Pada tahun 2023, Perseroan menerima                      In 2023, the Company received an
        Surat Ketetapan Pajak Lebih Bayar                        Overpaid    Tax    Assessment     Letter
        (”SKPLB”)    No.00109/406/21/073/23                      ("SKPLB") No.00109/406/21/073/23 on
        atas pajak penghasilan untuk tahun                       income tax for 2021 of Rp1,100,154 and
        2021 nilai sebesar Rp1.100.154 dan                       has received the overpayment of the tax.
        telah menerima atas lebih bayar pajak
        tersebut

        Synergy      Risk       Management                       Synergy          Risk      Management
        Consultants                                              Consultants
        Pada tahun 2016, Perusahaan memiliki                     In 2016, the Company has claim for tax
        klaim untuk pengembalian pajak                           refund with total amount Rp724,009.
        dengan jumlah total Rp724.009.

        Berdasarkan surat keputusan No                           Based on decision letter No. KEP-
        KEP00016.PPH/WPJ.07/KP.           0603/                  00016.PPH/WPJ.07/KP.        0603/2018
        2018 tanggal 5 Februari 2018 perihal                     dated February 5, 2018 regarding tax
        pengembalian     pajak    atas    Surat                  refund of Tax Overpayment Assessment
        Ketetapan Pajak Lebih Bayar (SKPLB)                      Letter (SKPLB) fiscal year 2016 No.
        tahun       Pajak       2016        No.                  00001/406/16/058/18 dated January 24,
        00001/406/16/058/18      tanggal     24                  2018    amounted     Rp123,803    The
        Januari 2018 sebesar Rp123.803.                          Company has received the refund
        Perusahaan        telah      menerima                    through PT Bank Mandiri (Persero) Tbk
        pengembalian dana melalui PT Bank                        amounted          Rp123,803        on
        Mandiri   (Persero)     Tbk    sebesar                   February 23, 2018.
        Rp123.803          pada         tanggal
        23 Februari 2018.
                                                   98
Page 586
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

           Pada     tanggal    24   April 2018,                      On April 24, 2018, The Company has
           Perusahaan telah mengajukan surat                         filed an objection of Tax Assessment
           keberatan atas Surat Ketetapan Pajak                      Letter Overpayment (SKPLB) on fiscal
           Lebih Bayar (SKPLB) tentang tahun                         year 2016 No. 00001/406/16/058/18
           pajak 2016 No. 00001/406/16/058/18                        dated 24 January 2018.
           tanggal 24 Januari 2018.
           Berdasarkan surat keputusan No. KEP-                      Based on decision letter No. KEP-
           01918/KEB/WPJ.07/2019          tanggal                    01918/KEB/ WPJ.07/2019 dated April
           22 April 2019 perihal keberatan wajib                     22, 2019 regarding objections to
           pajak atas surat ketetapan pajak lebih                    taxpayers over income tax assessments,
           bayar pajak penghasilan memutuskan                        decides to refuse taxpayers objections.
           menolak keberatan wajib pajak.
           Pada tanggal 23 Februari 2022,                            On February 23, 2022, an appeal
           terdapat keputusan banding dengan                         decision was made with decision
           nomor           putusan         PUT-                      number PUT-007324.15/2019/PP/M.XB
           007324.15/2019/PP/M.XB tahun 2022                         year        2022       on       SKPLB
           atas SKPLB No 00001/406/16/058/18                         No.      00001/406/16/058/18      dated
           tertanggal    24      Januari    2018                     January 24, 2018, granting a portion of
           mengabulkan sebagian permohonan                           the appeal request in the amount of
           banding      sejumlah      Rp472.610.                     Rp472,610. The Company has received
           Perusahaan        telah      menerima                     a refund through Bank Mandiri amounted
           pengembalian dana melalui Bank                            Rp472,610.
           Mandiri sejumlah Rp472.610.
           Pada tanggal 21 April 2022, selisih                       On April, 21, 2022, the difference
           antara estimasi klaim pengembalian                        between claims for tax refund and the
           pajak dengan realisasi keputusan                          realization of the appeal decision
           banding sebesar Rp127.596 diakui ke                       amounting to Rp127,596 was recognized
           laba rugi tahun berjalan.                                 in profit or loss for the year.


20.   Beban Akrual                                          20. Accrued Expense
                                             2023                 2022
                                              Rp                   Rp
      Bonus dan remunerasi                   234,216,053           91,521,772               Bonus and remuneration
      Pemasaran                               24,238,148           24,272,961                             Marketing
      Umum dan kepegawaian lainnya             7,129,047            7,150,613   General and other employee expense
      Jasa profesional                         5,518,604              715,263                       Professional fee
      Operasional kendaraan                            --           1,294,891              Motor vehicle operational
      Lainnya ( masing-masing dibawah                                                            Others (each below
        350.000)                              19,375,986           12,560,959                            350,000)
      Jumlah                                 290,477,838          137,516,459                                 Total


      Termasuk di dalam akun beban akrual                       Included in other accrual expenses are utility
      bonus dan remunerasi adalah akrual tantiem                accruals for the company's operational
      Direksi dan tunjangan karyawan.                           activities.
      Termasuk di dalam beban akrual lainnya                    Included in the bonus and remuneration
      adalah akrual utilitas kegiatan operasional               accrued expense account are accrued
      perusahaan.                                               bonuses for the Board of Directors and
                                                                employee benefits.




                                                    99
Page 587
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

21.   Utang Lain-Lain                                       21. Other Payables

                                             2023                 2022
                                              Rp                   Rp
      Utang usaha                             54,731,262           38,961,976                           Trade payable
      Utang biaya yang masih harus dibayar    76,306,443           12,969,232              Deferred expenses payable
      Utang jaminan kas                       45,456,685           31,107,014                            Cash deposit
      Utang pembelian barang modal            30,781,615           23,564,481   Capital Expenditure Purchase Payable
      Dana Tabarru'                           23,557,441           12,938,774                            Tabarru' fund
      Utang ujroh reasuransi                  10,724,467            9,608,254              Reinsurance ujroh payable
      Penyisihan kontribusi yang belum                                              Unearned contributions provisions
        menjadi hak dan penyisihan manfaat                                                reserves and liabilities for
        polis masa depan                       6,943,148            4,401,316                  future policy benefts
      Penyisihan ujroh                         6,707,468            3,790,047                            Ujroh payable
      Penyisihan klaim syariah                 4,672,592            4,511,434                Sharia reserves of claims
      Utang komisi syariah                     2,272,209           10,435,626               Sharia comission payable
      Utang syariah                            2,045,737            3,024,622                         Sharia payables
      Pendapatan diterima dimuka                 799,002            1,069,399                       Unearned revenue
      Utang litigasi                                   --          84,407,040                      Litigation payables
      Uang jaminan sewa                                --           2,461,998                          Rental deposits
      Lainnya (masing-masing di bawah                                                              Others (each below
        1.000.000)                             5,439,262           20,434,190                            1,000,000)
      Jumlah                                 270,437,331          263,685,403                                      Total

      Pendapatan diterima di muka merupakan                     Unearned revenue represents subsidiary’s
      pendapatan sewa dan jasa pemeliharaan                     rental and service charge income received in
      dari penyewa yang diterima dimuka oleh                    advance by subsidiary (PMS) from building
      entitas anak (PMS) dari penyewa gedung.                   tenants.

      Termasuk didalam utang lain-lain lainnya                  Included in other payables - others is advance
      adalah uang muka yang diterima dari                       payment received from PT Bangun Mitra
      PT Bangun Mitra Properti terkait penjualan                Properti related to sales of subsidiary’s (PMS)
      properti investasi entitas anak (PMS),                    investment property amounted to Rp228,386
      sebesar Rp228.386 dan Rp228.386 pada                      and Rp228,386 as of December 31, 2023 and
      tanggal 31 Desember 2023 dan 2022.                        2022.

      Pada tanggal 31 Desember 2023 dan 2022                    As of December 31, 2023 and 2022,
      saldo Unit Bisnis Syariah untuk penyisihan                Unearned contributions provisions reserves
      kontribusi yang belum menjadi hak dan                     and liabilities for future policy benefits in
      penyisihan manfaat polis masa depan                       Sharia     Business    Unit   amounted     to
      masing-masing sebesar Rp6.943.148 dan                     Rp6,943,148 and Rp4,401,316 respectively,
      Rp4.401.316, dan penyisihan klaim masing-                 and reserves of claims amounted to
      masing     sebesar,    Rp4.672.592     dan                Rp4,672,592 and Rp4,511,434, respectively
      Rp4.511.434 (Catatan 44).                                 (Note 44).

22.   Liabilitas Imbalan Kerja                              22. Employee Benefit Liabilities

      Pada tahun 2023, Pemerintah telah                         In 2023, the Government has passed Law
      mengesahkan Undang-Undang No.6 Tahun                      No.6 of 2023 on ("Job Creation Law"), which
      2023 tentang ("UU Cipta Kerja") yang                      partially amends/removes/adds some of the
      mengganti/menghapus/menambah sebagian                     provisions in the Labor Law. The issuance of
      ketentuan     dalam      Undang-Undang                    the Job Creation Law and its implementing
      Ketenagakerjaan. Dengan berlakunya UU                     regulations, will impact the obligation for post-
      Cipta Kerja berikut dengan peraturan                      employment benefits.
      pelaksanaannya, maka ketentuan tersebut
      berdampak pada liabilitas imbalan pasca
      kerja.


                                                    100
Page 588
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    Seperti dijelaskan pada Catatan 2u, Grup                      As discussed in Note 2u, The Group provides
    menyediakan imbalan pensiun berdasarkan                       a pension benefits in accordance with Job
    UU Cipta Kerja No. 6 Tahun 2023. Secara                       Creation Law No. 6 of 2023. Since the Law
    substansi program pensiun dalam UU Cipta                      sets the formula for determining the minimum
    Kerja No. 6 Tahun 2023 merupakan program                      amount of benefits, in substance pension
    imbalan pasti karena undang-undang telah                      plans under Job Creation Law No. 6 of 2023
    menetapkan formula dalam menentukan                           represent defined benefit plans. If the
    jumlah minimum imbalan. Jika porsi program                    employee funded portion of the pension plan
    imbalan pensiun yang didanai oleh karyawan                    benefit is less than the benefit per the Job
    lebih rendah dari imbalan yang menurut                        Creation Law, the Group will provide provision
    undang-undang, Grup akan membentuk                            for such shortage
    penyisihan untuk menutupi kekurangan
    tersebut
    Manajemen berkeyakinan bahwa saldo                            The management believes the balance of
    liabilitas imbalan kerja tersebut cukup untuk                 employee benefits liability is sufficient to cover
    memenuhi imbalan minimum sesuai dengan                        the minimum benefits required under the
    UUCK.                                                         UUCK.
    Grup mencatat liabilitas imbalan kerja                        The Group recorded employee benefits based
    berdasarkan       perhitungan      aktuaris                   on independent actuaries’ calculation. Post
    independen. Perhitungan imbalan pasca                         employment benefits were calculated by
    kerja dihitung oleh Kantor Konsultan                          Steven & Mourits, Actuarial Consulting
    Aktuarial Steven & Mourits (dahulu                            (formerly PT Dayamandiri Dharmakonsilindo)
    PT Dayamandiri Dharmakonsilindo) untuk                        for the Company and its subsidiaries except
    Perseroan dan entitas anak selain TRI dan                     TRI and PT RAZ Actuarial Consulting for TRI.
    PT RAZ Actuarial Consulting untuk TRI.
    Asumsi utama yang digunakan dalam                             The actuarial valuation for the Group was
    menentukan penilaian aktuaris untuk Grup                      carried out using the following key
    adalah sebagai berikut:                                       assumptions:
                                              2023                    2022

     Tingkat diskonto                     5,75%-7,00%           6,15%-7,50%                               Discount rate
     Tingkat kenaikan gaji               5,00%-10.00%          5,00%-10.00%                Future salary increment rate
     Tingkat pengembalian aset               7,20%                  7,20%                Expected return on plan assets
     Tingkat kematian                     TM IV - 2019           TM IV - 2019                              Mortality rate
     Tingkat cacat                           5%-10% dari tingkat kematian/                                Disability rate
                                               5%-10% of mortality rate
     Tingkat pengunduran diri             1%-5% per tahun pada usia 20 tahun                            Resignation rate
                                       dan menurun secara linier sampai dengan
                                         0,5%-1% pada usia 45 dan seterusnya/
                                       1%-5% per annum at age 20 years old and
                                         reducing linearly to 0.5%-1% at age 45
                                                      and thereafter
     Tingkat pensiun normal                 100% pada usia pensiun normal/                       Normal retirement rate
                                             100% at normal retirement age
     Umur pensiun dini                         paling sedikit 45 tahun atau                         Early retirement age
                                              15 tahun masa kerja/at least
                                      45 years old or rendering 15 years of service
     Umur pensiun normal                     55 - 60 tahun/55 - 60 years old                      Normal retirement age

    Tabel berikut ini merupakan komponen                          The    following      tables    summarize     the
    beban imbalan kerja neto yang diakui dalam                    components of net employee benefits
    laporan    laba   rugi dan      penghasilan                   expense recognized in the consolidated
    komprehensif lain konsolidasian dan liabilitas                statement of profit or loss and other
    imbalan kerja yang diakui dalam laporan                       comprehensive income and the employee
    posisi keuangan konsolidasian.                                benefits liability recognized in the consolidated
                                                                  statement of financial position.
                                                      101
Page 589
PT ASURANSI TUGU PRATAMA INDONESIA TBK                             PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                   FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                               December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                 (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)

    a.   Program pensiun pada PT Asuransi                                  a.      Pension Program on PT Asuransi
         Jiwasraya (Persero) (Jiwasraya)                                           Jiwasraya (Persero) (Jiwasraya)
         Perseroan menyelenggarakan program                                        The Company established a defined
         pensiun manfaat pasti untuk semua                                         benefit pension plan covering all
         karyawan tetap yang berumur tidak                                         permanent employees who are not more
         lebih dari 60 tahun untuk karyawan                                        than 60 years old for employees hired
         yang dipekerjakan sebelum 1 Januari                                       before January 1, 2003 and not more
         2003 dan tidak lebih dari 55 tahun untuk                                  than 55 years old for employees hired
         karyawan yang dipekerjakan setelah                                        after January 1, 2003. The pension plan
         1 Januari 2003. Program pensiun ini                                       is managed by PT Asuransi Jiwasraya
         dikelola oleh PT Asuransi Jiwasraya                                       (Persero).
         (Persero).
         Pendanaan program ini terutama                                            The pension plan is mainly funded by
         berasal dari kontribusi pemberi kerja                                     contributions from   employer    and
         dan karyawan.                                                             employees.
         Dalam program ini, tingkat kontribusi                                     On this plan, the Group contribution rate
         Grup (pemberi kerja) ditelaah setiap                                      (the employer) is reviewed annually by
         tahun oleh PT Asuransi Jiwasraya                                          PT Asuransi Jiwasraya (Persero) at the
         (Persero) pada awal tahun, sedangkan                                      beginning of financial year, whilst the
         kontribusi karyawan adalah 5% dari gaji                                   employee contribution is 5% of monthly
         pokok bulanan.                                                            basic salary.
    b.   Undang-Undang Cipta Kerja No. 6/2023                              b.      Job Creation Law No. 6/2023
         Grup juga membukukan imbalan pasca                                        The Group also established defined
         kerja imbalan pasti untuk karyawan                                        post- employment benefit based on the
         sesuai dengan undang-undang yang                                          prevailing Labor Law.
         berlaku.
    c.   Imbalan    jangka      panjang   lainnya                          c.      Other long-term benefits (Other)
         (lainnya)
         Perseroan memberikan imbalan jangka                                       The Company also established other
         panjang     lainnya     dalam     bentuk                                  long-term benefits including jubilee
         penghargaan       jubilee    dan     cuti                                 award and long service leave.
         berimbalan jangka panjang.
    Jumlah karyawan Grup yang berhak atas                                  The number of the Group’s employees entitled
    imbalan      kerja     pada      tanggal                               to   the  employment       benefits  as    of
    31 Desember 2023 dan 2022 masing-                                      December 31, 2023 and 2022 is 592 and 624
    masing adalah 592 dan 624 karyawan (tidak                              employees, respectively (unaudited).
    diaudit).
    i.   Beban manfaat karyawan neto                                       i.      Net employee benefits expense
                                                         31 Desember/December 31, 2023
                                                                                IJK/
                                                         UUK-PKB/         Other long term        Jumlah/
                                    Jiwasraya          Labor Law-CLA          benefit             Total

         Biaya jasa kini                 1,126,616           19,859,359            5,361,091        26,347,066                 Current service cost
         Biaya jasa lalu                         --             (34,788)                   --          (34,788)                    Past service cost
         Biaya bunga                     2,244,426           16,416,368            2,649,048        21,309,842                         Interest cost
         Imbal hasil aset program                                                                                  Return on plan assets excluding
           (tanpa bunga)                (1,676,047)             171,289                     --      (1,504,758)                 (interest income)
         (Keuntungan)/Kerugian                                                                                                           (Gain)/loss
           dari penyelesaian            (1,169,347)              56,403              (70,695)       (1,183,639)                   from settlement
         Pengukuran kembali                       --          (128,115)              957,843            829,728                     Remeasurement
         Kelebihan Pembayaran                     --            240,278                    --           240,278   Excess Benefit Paid by Company
         Beban manfaat karyawan             525,648          36,580,794            8,897,287        46,003,729       Employee benefits expense




                                                            102
Page 590
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                unless otherwise stated)
                                                                      31 Desember/December 31, 2022
                                                                                             IJK/
                                                                      UUK-PKB/         Other long term        Jumlah/
                                                 Jiwasraya          Labor Law-CLA          benefit             Total

          Biaya jasa kini                             1,255,114            16,799,496            5,104,174       23,158,784                Current service cost
          Biaya jasa lalu                                     --                    --                   --               --                  Past service cost
          Biaya bunga                                 1,089,489            16,909,488            2,641,460       20,640,437                       Interest cost
          (Keuntungan)/Kerugian                                                                                                                    (Gain)/loss
            dari penyelesaian                                 --                2,155                    --           2,155                  from settlement
          Pengukuran kembali                                  --                    --                   --               --                   Remeasurement
          Beban manfaat karyawan                      2,344,603            33,711,139            7,745,634       43,801,376         Employee benefits expense



    ii.   Estimasi liabilitas imbalan kerja                                              ii.     Estimated employee benefits liability

                                                                       31 Desember/December 31, 2023
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Nilai kini kewajiban                                                                                                                   Present value of
            imbalan pasti                            15,297,271           246,089,435           43,211,543      304,598,249                   defined obligations
          Nilai wajar aset program                   (5,868,147)           (3,203,927)                   --      (9,072,074)            Fair value of plan assets
          Liabilitas neto                              9,429,124          242,885,508           43,211,543      295,526,175                          Net liability




                                                                       31 Desember/December 31, 2022
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Nilai kini kewajiban                                                                                                                   Present value of
            imbalan pasti                            15,249,731           238,381,103           39,490,388      293,121,222                 defined obligations
          Nilai wajar aset program                   (7,037,494)           (2,886,527)                   --      (9,924,021)            Fair value of plan assets
          Liabilitas neto                              8,212,237          235,494,576           39,490,388      283,197,201                          Net liability



          Mutasi nilai wajar aset program adalah                                                 The movements in the fair value of plan
          sebagai berikut:                                                                       assets are as follows:
                                                                       31 Desember/December 31, 2023
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Saldo awal tahun                            7,037,494             2,886,527                    --       9,924,021      Balance at the beginning of year
          Iuran Perusahaan                                                                                                                 Company contributions
            yang dibayarkan periode berjalan                   --           2,940,000                    --        2,940,000                      during period
          Pembayaran Imbalan dari Aset Program                 --         (2,884,165)                    --      (2,884,165)   Benefits payment from plan assets
          Imbal hasil aset program                   (1,169,347)              261,565                    --        (907,782)              Return on plan assetes
          Saldo akhir tahun                            5,868,147            3,203,927                    --        9,072,074              Balance at end of year


                                                                       31 Desember/December 31, 2022
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Saldo awal tahun                            6,874,022             3,845,508                    --      10,719,530      Balance at the beginning of year
          Iuran Perusahaan                                                                                                                 Company contributions
            yang dibayarkan periode berjalan                  --            4,845,000                    --        4,845,000                      during period
          Pembayaran Imbalan dari Aset Program                --          (5,933,299)                    --      (5,933,299)   Benefits payment from plan assets
          Imbal hasil aset program                      163,472               129,318                    --          292,790              Return on plan assetes
          Saldo akhir tahun                           7,037,494             2,886,527                    --        9,924,021              Balance at end of year




          Pada tanggal 31 Desember 2023 dan                                                      As of December 31, 2023 and 2022,
          2022, aset program terdiri dari:                                                       plan assets comprise the following:

                                                                       31 Desember/December 31, 2023
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Kas dan setara kas                          5,868,147               387,750                    --       6,255,897            Cash and cash equivalent
          Instrumen ekuitas                                   --               36,454                    --          36,454                   Equity instruments
          Sertifikasi investasi dana                          --            2,779,723                    --       2,779,723       Investement in fund certificates
          Jumlah aset program                         5,868,147             3,203,927                    --       9,072,074                   Total plan assets


                                                                       31 Desember/December 31, 2022
                                                                      UUK-PKB/              Lainnya/          Jumlah/
                                                 Jiwasraya          Labor Law-CLA            Others            Total
          Kas dan setara kas                          7,037,494             1,283,635                    --       8,321,129            Cash and cash equivalent
          Instrumen ekuitas                                   --               46,306                    --          46,306                  Equity instruments
          Sertifikasi investasi dana                          --            1,556,586                    --       1,556,586       Investement in fund certificates
          Jumlah aset program                         7,037,494             2,886,527                    --       9,924,021                   Total plan assets




                                                                         103
Page 591
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

    iii.   Mutasi liabilitas imbalan kerja di                                            iii.      Movements in the employee benefits
           laporan        posisi    keuangan                                                       liability    recognized   in    the
           konsolidasian:                                                                          consolidated statements of financial
                                                                                                   position are as
                                                                      31 Desember/December 31, 2023
                                                                     UUK-PKB/              Lainnya/              Jumlah/
                                               Jiwasraya           Labor Law-CLA            Others                Total
           Saldo awal tahun                        15,249,731           238,381,103               39,490,388       293,121,222         Balance at the beginning of year
           Beban selama tahun berjalan                525,648             36,580,794                8,897,287        46,003,729                Expense during the year
           Kelebihan Pembayaran                             --             (240,278)                (284,652)         (524,930)       Excess Benefit Paid by Company
           Pengukuran kembali tahun berjalan        (478,108)            (7,456,638)                        --      (7,934,746)        Remeasurement during the year
           Pembayaran selama tahun berjalan                 --          (21,175,546)              (4,891,480)      (26,067,026)        Benefit payment during the year
           Saldo akhir tahun                       15,297,271           246,089,435               43,211,543       304,598,249                 Balance at end of year


                                                                      31 Desember/December 31, 2022
                                                                     UUK-PKB/              Lainnya/              Jumlah/
                                               Jiwasraya           Labor Law-CLA            Others                Total
           Saldo awal tahun                        15,942,940            261,474,762              40,031,478       317,449,180         Balance at the beginning of year
           Beban selama tahun berjalan              2,344,603             33,711,139               7,745,634        43,801,376                 Expense during the year
           Dampak Press Release                                                                                                              Impact of Press Release
            DSAK IAI/IFRIC AD                               --           (5,877,181)                       --       (5,877,181)                  DSAK IAI/IFRIC AD
           Kelebihan Pembayaran                             --               (2,155)                       --           (2,155)       Excess Benefit Paid by Company
           Pengukuran kembali tahun berjalan       (3,037,812)          (20,409,873)              (4,058,627)      (27,506,312)        Remeasurement during the year
           Pembayaran selama tahun berjalan                 --          (30,515,589)              (4,228,097)      (34,743,686)        Benefit payment during the year
           Saldo akhir tahun                       15,249,731           238,381,103               39,490,388       293,121,222                 Balance at end of year




    Pengalaman penyesuaian untuk                           entitas                       The adjustment experience for the parent
    induk adalah sebagai berikut:                                                        entity are as follows:
                                                                 2023                           2022
                                                                  Rp                             Rp

     Nilai kini kewajiban                                                                                                           Present value of defined
     imbalan pasti                                               263,207,061                    257,844,646                                 benefit obligation
     Nilai wajar aset program                                     (5,868,147)                    (7,037,494)                        Fair value of plan assets
     Defisit program                                             257,338,914                    250,807,152                                 Deficit in the plan

     Penyesuaian pengalaman pada                                                                                             Experience adjustments on
      aset program                                                18,044,401                     18,793,356                                 plan assets


    Aset      program        pada      tanggal                                           Plan assets as of December 31, 2023 and
    31 Desember 2023 dan 2022 terdiri atas                                               2022 consist of mutual funds, time deposits
    reksadana, deposito berjangka dan obligasi.                                          and bonds.

    Analisis sensitivitas                                                                Sensitivity analysis
    Tabel berikut menunjukkan sensitivitas atas                                          The following table demonstrates the
    kemungkinan perubahan tingkat suku bunga                                             sensitivity to a reasonably possible change in
    pasar, dengan variabel lain dianggap tetap,                                          market interest rates, with all other variables
    terhadap nilai kini kewajiban imbalan pasti                                          held constant, of the Company’s present value
    dan beban jasa kini Perseroan pada tanggal                                           of defined benefit obligation and current
    31 Desember 2023 dan 2022:                                                           service cost as of December 31, 2023 and
                                                                                         2022:
                                                          Tingkat                          Tingkat
                                                      bunga diskonto/                  kenaikan upah/
                                                       discount rate                   salary increase
     31 Desember 2023                                                                                                                     December 31, 2023
       Kenaikan suku bunga                                                                                                         Increase in interest rate
         100 basis poin                                          (21,385,788)                   14,721,585                               100 basis point
       Penurunan suku bunga                                                                                                       Decrease in interest rate
         100 basis poin                                          15,244,002                     (21,274,359)                             100 basis point
     31 Desember 2022                                                                                                                     December 31, 2022
       Kenaikan suku bunga                                                                                                         Increase in interest rate
         100 basis poin                                          (10,155,226)                   25,952,147                               100 basis point
       Penurunan suku bunga                                                                                                       Decrease in interest rate
         100 basis poin                                          26,474,564                     (10,043,797)                             100 basis point
                                                                        104
Page 592
PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)


      Perkiraan pembayaran liabilitas imbalan                    The expected undiscounted benefit payment
      jangka panjang Perseroan yang tidak                        of long-term employee benefits liability of the
      didiskontokan           pada     tanggal                   Company as of December 31, 2023 and 2022
      31 Desember 2023 dan 2022 adalah                           are as follows (unaudited):
      sebagai berikut (tidak diaudit):
                                              2023                  2022
                                               Rp                    Rp

      Dalam waktu 12 bulan berikutnya                                                           Within the next 12 months
        (periode laporan tahun berikutnya)      23,642,938            16,745,118      (the next annual reporting period)
      Antara 1 dan 2 tahun                      52,012,073            24,936,224                   Between 1 and 2 years
      Antara 3 dan 5 tahun                      85,560,214            79,490,025                   Between 3 and 5 years
      Lebih dari 5 tahun                     1,166,684,452         1,144,080,274                        More than 5 years



23.   Pinjaman Diterima                                      23. Borrowings

      Pinjaman ini merupakan pinjaman entitas                    This loan represents borrowings obtained by
      anak (PMS) yang terdiri dari:                              subsidiaries (PMS) as follows
                                               2023                   2022
                                                Rp                     Rp
      Pihak berelasi (catatan 39)               287,256,970            121,346,712            Related parties (note 39)
      Pihak ketiga                                                                                       Third parties
      PT Bank IBK Indonesia Tbk                   8,892,583                      --         PT Bank IBK Indonesia Tbk
      Sub-Jumlah                                  8,892,583                      --                          Sub-total
      Jumlah                                    296,149,553            121,346,712                               Total


      Pada tanggal 31 Desember 2023 dan 2022,                    As of December 31, 2023 and 2022, the
      manajemen berpendapat bahwa PMS                            management is of the opinion that, PMS is in
      mematuhi semua pembatasan dan PMS                          compliance with all of the covenants and PMS
      telah memenuhi semua rasio keuangan yang                   has complied with all financial ratios required
      dipersyaratkan dalam perjanjian pinjaman.                  to be maintained under the loan agreements.

      PT Bank Mandiri (Persero) Tbk                              PT Bank Mandiri (Persero) Tbk
      Pada tanggal 31 Desember 2021, Entitas                     On December 31, 2021, the Subsidiary (PMS)
      anak (PMS) memperoleh kredit modal kerja                   obtained a working capital loan credit
      dengan agunan deposito berjangka. Jumlah                   collateralized with time deposit. Maximum
      maksimum         pembiayaan      sebesar                   amount of credit is Rp40,000,000 for 36
      Rp40.000.000 dalam jangka waktu 36 bulan                   months period since the signing of credit
      sejak penandatangan perjanjian kredit.                     agreement. Annual interest rates are 0.50%
      Tingkat bunga tahunan sebesar 0,50% per                    per annum above the deposit rate which is
      tahun diatas suku bunga deposito yang                      used as collateral (Note 39).
      menjadi agunan (Catatan 39).

      Jaminan untuk pinjaman dari Bank Mandiri                   The collateral for borrowings from Bank
      adalah     Deposito   berjangka sebesar                    Mandiri are time deposit amounted to
      Rp40.000.000 atas nama PT Tugu Pratama                     Rp40,000,000 on behalf of PT Tugu Pratama
      Interindo, pemegang saham PMS.                             Interindo, PMS shareholders.

      Pada tanggal 2 Juli 2022, PMS memperoleh                   On July 2, 2022, PMS obtained an investment
      kredit investasi dengan jumlah nominal                     credit   with    a   nominal     amount      of
      Rp200.000.000 dalam jangka waktu 48                        Rp200,000,000 within 48 months of signing
      bulan sejak penandatanganan perjanjian                     the credit agreement. For this credit facility,
      kredit. Atas fasilitas kredit tersebut, PMS                PMS is required to pay interest to the bank at
      wajib membayar bunga kepada bank                           the Jakarta Interbank Offered Rate (JIBOR) 1
                                                      105
Page 593
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    sebesar Jakarta Interbank Offered Rate                      month plus 3.5% per annum.
    (JIBOR) 1 bulan ditambah 3,5% per annum.

    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2022,
    31 Desember 2022, PMS telah menerima                        PMS has received a loan disbursement
    pencairan pinjaman sebesar Rp85.319.061,                    amounting to Rp85,319,061, paid the principal
    telah melakukan pembayaran atas pokok                       of the loan facility amounting to Rp19,997,160
    fasilitas pinjaman sebesar Rp19.997.160                     and paid interest on the loan amounting to
    dan bunga pinjaman sebesar Rp2.561.328.                     Rp2,561,328.

    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2023,
    31 Desember 2023, PMS telah menerima                        PMS has received a loan disbursement
    pencairan pinjaman sebesar Rp16.977.275,                    amounting to Rp16,977,275, paid the principal
    telah melakukan pembayaran atas pokok                       of the loan facility amounting to Rp38,913,446
    fasilitas pinjaman sebesar Rp38.913.446                     and paid interest on the loan amounting to
    dan bunga pinjaman sebesar Rp8.047.075.                     Rp8,047,075.
    PT Bank Rakyat Indonesia (Persero) Tbk                      PT Bank Rakyat Indonesia (Persero) Tbk
    Pada tanggal 18 Maret 2020, PMS                             On March 18, 2020, PMS obtained two credit
    memperoleh dua fasilitas kredit pembiayaan                  financing facility for motor vehicles with
    kendaraan     bermotor      dengan       jumlah             maximum amount of Rp1,933,495 for 36
    maksimum         pembiayaan            sebesar              months period and Rp1,517,505 for 48
    Rp1.933.495 dalam jangka waktu 36 bulan                     months period since the withdrawal of loan
    dan Rp1.517.505 dalam jangka waktu 48                       facilites. Annual interest rates are 4.25% and
    bulan sejak pencairan fasilitas kredit. Tingkat             4.70% respectively per annum.
    bunga tahunan sebesar 4,25% dan 4,70%
    per tahun.
    Jaminan untuk pinjaman dari BRI adalah                      The collateral for borrowings from BRI are the
    Bukti Kepemilikan Kendaraan Bermotor                        respective Car Ownership Certificates (BPKB)
    (BPKB) (Catatan 10).                                        (Note 10).
    Berdasarkan persyaratan-persyaratan dalam                   Under the terms of loan agreements, PMS is
    perjanjian pinjaman, PMS diharuskan untuk                   required to obtain prior written approval from
    memperoleh persetujuan tertulis sebelumnya                  the creditor bank with respect to transactions
    dari bank kreditur sehubungan dengan                        involving liquidation and declaring bankruptcy,
    transaksi-transaksi     yang      mencakup                  using PMS funds for purposes other than
    pembubaran Entitas anak dan meminta                         business financed by credit facilities and
    dinyatakan pailit, menggunakan dana PMS                     handing over or transferring all or part of the
    untuk tujuan di luar usaha yang dibiayai                    rights and/or obligation of PMS arising under a
    dengan fasilitas kredit serta menyerahkan                   credit agreement to another party.
    atau mengalihkan seluruh atau sebagian dari
    hak dan /atau kewajiban PMS yang timbul
    berdasarkan perjanjian kredit kepada pihak
    lain.
    Pada tanggal 31 Desember 2023 dan 2022,                     As of December 31, 2022 and 2023, no
    tidak ada pelanggaran atas pembatasan di                    violation on covenants was made by PMS.
    atas oleh PMS.
    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2022,
    31 Desember 2022, PMS telah melakukan                       PMS has paid the principal of the loan facility
    pembayaran atas pokok fasilitas pinjaman                    amounting to Rp2,724,692 and paid interest
    sebesar Rp2.724.692 dan bunga pinjaman                      on the loan amounting to Rp387,035.
    sebesar Rp387.035.
    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2023,
    31 Desember 2023, PMS telah melakukan                       PMS has paid the principal of the loan facility
    pembayaran atas pokok fasilitas pinjaman                    amounting to Rp445,210 and paid interest on
                                                      106
Page 594
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    sebesar Rp445.210 dan bunga pinjaman                        the loan amounting to Rp83,186.
    sebesar Rp83.186.
    PT Bank Jawa Barat dan Banten                               PT Bank Jawa Barat dan Banten
    Pada tanggal 13 Juli 2022, PMS                              On July 13, 2022, PMS obtained a capital
    memperoleh kredit modal dengan jumlah                       credit with a maximum financing amount of
    maksimum         pembiayaan         sebesar                 Rp200,000,000 within 45 months of signing
    Rp200.000.000 dalam jangka waktu 45                         the credit agreement. The provision fee for
    bulan sejak penandatanganan perjanjian                      credit facilities is 0.5% of the withdrawn facility
    kredit. Biaya provisi untuk fasilitas kredit                and is paid in stages for each credit
    sebesar 0,5% dari fasilitas yang ditarik dan                withdrawal.
    dibayarkan bertahap setiap penarikan kredit.
    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2022,
    31 Desember 2022, PMS telah menerima                        PMS has received a loan disbursement
    pencairan pinjaman sebesar Rp17.492.650,                    amounting to Rp17,492,650, paid the principal
    telah melakukan pembayaran atas pokok                       of the loan facility amounting to Rp2,069,212
    fasilitas pinjaman sebesar Rp2.069.212 dan                  and paid interest on the loan amounting to
    bunga pinjaman sebesar Rp465.959.                           Rp465,959.
    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2022,
    31 Desember 2023, PMS telah menerima                        PMS has received a loan disbursement
    pencairan pinjaman sebesar Rp151.118.416,                   amounting to Rp151,118,416, paid the
    telah melakukan pembayaran atas pokok                       principal of the loan facility amounting to
    fasilitas pinjaman sebesar Rp14.150.108                     Rp14.150.108 and paid interest on the loan
    dan bunga pinjaman sebesar Rp3.040.741.                     amounting to Rp3,040,741.
    PT Bank IBK Indonesia                                       PT Bank IBK Indonesia
    Pada tanggal 13 April 2023, PMS                             On April 13, 2023, PMS obtained a capital
    memperoleh kredit modal dengan jumlah                       credit with a maximum financing amount of
    maksimum Rp20.000.000 dalam jangka                          Rp20,000,000 within 48 months of signing the
    waktu 48 bulan sejak penandatanganan                        credit agreement. The provision fee for credit
    perjanjian kredit. Biaya provisi 0,35% dari                 facilities is 0.35% of the withdrawn facility and
    fasilitas yang ditarik dan dibayarkan                       is paid in stages for each credit withdrawal.
    bertahap setiap penarikan kredit.
    Jaminan untuk pinjaman dari Bank IBK                        The collateral for borrowings from Bank IBK
    adalah Bukti Kepemilikan Kendaraan                          are the respective Car Ownership Certificates
    Bermotor (BPKB) (Catatan 10).                               (BPKB) (Note 10).
    Pada periode yang berakhir pada tanggal                     For the period ended December 31, 2023,
    31 Desember 2023, PMS telah menerima                        PMS has received a loan disbursement
    pencairan pinjaman sebesar Rp10.462.095,                    amounting to Rp10,462,095, paid the principal
    telah melakukan pembayaran atas pokok                       of the loan facility amounting to Rp1,164,711
    fasilitas pinjaman sebesar Rp1.164.771 dan                  and paid interest on the loan amounting to
    bunga pinjaman sebesar Rp404.801.                           Rp404,801.
    PT Bank Syariah Indonesia                                   PT Bank Syariah Indonesia
    Pada tanggal 9 Mei 2023, PMS memperoleh                     On May 9, 2023, PMS obtained a capital
    kredit modal dengan jumlah maksimum                         credit with a maximum financing amount of
    Rp150.000.000 dalam jangka waktu 48                         Rp150,000,000 within 48 months of signing
    bulan sejak penandatanganan perjanjian                      the credit agreement. The provision fee for
    kredit. Biaya provisi 0,50% dari fasilitas yang             credit facilities is 0.50% of the withdrawn
    ditarik dan dibayarkan bertahap setiap                      facility and is paid in stages for each credit
    penarikan kredit.                                           withdrawal.

    Jaminan untuk pinjaman dari Bank BSI                        The collateral for borrowings from Bank BSI
    adalah Bukti Kepemilikan Kendaraan                          are the respective Car Ownership Certificates
    Bermotor (BPKB) (Catatan 10).                               (BPKB) (Note 10).
                                                      107
Page 595
PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

      Pada tanggal 9 Mei 2023, PMS memperoleh                         On May 9, 2023, PMS obtained a capital
      kredit modal dengan jumlah maksimum                             credit with a maximum financing amount of
      Rp50.000.000 dalam jangka waktu 48 bulan                        Rp50,000,000 within 48 months of signing the
      sejak penandatanganan perjanjian kredit.                        credit agreement. The provision fee for credit
      Biaya provisi 0,50% dari fasilitas yang ditarik                 facilities is 0.50% of the withdrawn facility and
      dan dibayarkan bertahap setiap penarikan                        is paid in stages for each credit withdrawal
      kredit.
      Pada periode yang berakhir pada tanggal                         For the period ended December 31, 2023,
      31 Desember 2023, PMS telah menerima                            PMS has received a loan disbursement
      pencairan pinjaman sebesar Rp67.730.758,                        amounting to Rp67,730,758, paid the principal
      telah melakukan pembayaran atas pokok                           of the loan facility amounting to Rp3,997,411
      fasilitas pinjaman sebesar Rp3.997.411 dan                      and paid interest on the loan amounting to
      bunga pinjaman sebesar Rp1.229.014.                             Rp1,229,014.

24.   Utang Pembiayaan Konsumen Dan Sewa                        24. Consumer Finance And Leases Payable
      Pembiayaan

      Utang ini merupakan utang pembiayaan                            This payable represents consumer finance
      konsumen dan sewa pembiayaan entitas                            and leases payable of subsidiary (PMS).
      anak (PMS).
      a.   Berdasarkan kreditur                                       a.   Based on creditors
                                                    2023                   2022
                                                     Rp                     Rp

            Pihak berelasi (catatan 39)                    503,985           4,447,768             Rel at ed part i es (not e 39)
            Pihak ketiga                                                                                         T hi rd part i es
            Sewa Pembiayaan                                                                                   Finance Lease
            PT Clipan Finance                                                                            PT Clipan Finance
              Indonesia Tbk                              4,909,094         12,409,684                       Indonesia Tbk
            PT Takari Kokoh Sejahtera                    3,355,739          8,789,683             PT Takari Kokoh Sejahtera
            PT Artha Asia Finance                                --         5,245,527                 PT Artha Asia Finance
            Pembiayaan Konsumen                                                                        Consumer Financing
            PT Lotte Capital Indonesia                  19,934,209          6,235,524            PT Lotte Capital Indonesia
            PT Toyota Astra Financial Services          14,489,953         16,083,496     PT Toyota Astra Financial Services
            PT Dipo Star Finance                         2,152,134         10,927,461                 PT Dipo Star Finance
            PT Maybank Indonesia Finance                   162,025          1,596,017        PT Maybank Indonesia Finance
            Astra Credit Companies                           6,754          2,854,945               Astra Credit Companies
            PT Mega Central Finance                              --            26,271             PT Mega Central Finance
            Sub-jumlah                                  45,009,908         64,168,608                             Sub-total

            Jumlah                                      45,513,893         68,616,376                                      Total


      b.   Berdasarkan nilai tunai pembayaran                         b.   Based on cash value of payment
                                                    2023                   2022
                                                     Rp                     Rp
            Pembayaran yang jatuh tempo                                                                              Payment
             pada tahun:                                                                                        due in year:
             - 2023                                              --         53,077,766                               2023 -
             - 2024                                     30,704,302          18,641,371                               2024 -
             - 2025                                     13,404,411           1,315,611                               2025 -
             - 2026                                      4,428,888                   --                              2026 -
                                                        48,537,601          73,034,748
            Beban bunga dan asuransi                                                               Interest expense and cost
              yang belum jatuh tempo                (3,023,708)            (4,418,372)     insurance which are not yet due
            Jumlah                                      45,513,893          68,616,376                                     Total




                                                          108
Page 596
PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

      c.    Berdasarkan jatuh tempo                                    c.    Based on maturity
                                                        2023                2022
                                                         Rp                  Rp
             Berdasarkan jatuh tempo                                                                       Based on maturity
               Kurang dari 1 tahun                       28,508,539           49,389,694                  Less than a year
               Lebih dari 1 tahun                        17,005,354           19,226,682                  More than a year
             Jumlah                                      45,513,893           68,616,376                               Total


      Jangka waktu pembiayaan konsumen dan                             The consumer finance and lease term is 3 to 4
      sewa pembiayaan adalah 3 sampai 4 tahun                          years with effective interest rate for consumer
      dengan tingkat bunga efektif untuk                               finance ranging from 7,93%-10,54% per
      pembiayaan konsumen berkisar antara                              annum and for finance lease from 8,19%-
      7,93%-10,54% per tahun, dan untuk sewa                           12,50% per annum. All lease payables are
      pembiayaan antara 8,19%-12,50% per                               denominated in Rupiah currency which are
      tahun. Semua utang sewa didenominasi                             paid monthly in fixed amount. These payables
      dalam mata uang Rupiah yang dibayar                              are secured with the related asset.
      setiap bulan dalam suatu jumlah tetap.
      Utang ini dijamin dengan aset yang
      bersangkutan.

      Beban bunga pembiayaan dan sewa                                  Finance and lease interest expenses
      sebesar Rp5.278.681. untuk tahun yang                            amounted to Rp5,278,681 for the year ended
      berakhir pada tanggal 31 Desember 2023                           December 31, 2023 (2022: Rp8,933,293).
      (2022: Rp8.933.293).


25.   Modal Saham                                                25. Share Capital

      Pada tanggal 31 Desember 2023 dan 2022,                          As of December 31, 2023 and 2022, the
      rincian pemegang saham Perseroan adalah                          Company’s shareholders are as follows:
      sebagai berikut:
                                                   31 Desember/December 31, 2023
                                        Jumlah              Persentase
                                        saham/              pemilikan/
                                        Number              Percentage           Jumlah/
      Pemegang saham                   of shares           of ownership           Total                 Name of shareholders

      PT Pertamina (Persero)           2,080,000,000               58.50%          104,000,000         PT Pertamina (Persero)
      UOB Kay Hian Pte Ltd               565,040,000               15.89%           28,252,000          UOB Kay Hian Pte Ltd
      Samsung Fire & Marine Co, Ltd      188,234,000                5.29%            9,411,700   Samsung Fire & Marine Co, Ltd
      Komisaris dan Direksi                                                                       Commissioners and Directors
        Bapak Emil Hakim                     102,000                0.00%                5,100                Mr Emil Hakim
        Bapak Tatang Nurhidayat               58,000                0.00%                2,900         Mr Tatang Nurhidayat
        Bapak Sudarlin                        15,000                0.00%                  750                   Mr Sudarlin
      Masyarakat Umum                    722,126,600               20.31%           36,106,330                    Publicly held
      Jumlah                           3,555,575,600              100.00%          177,778,780                            Total

                                                   31 Desember/December 31, 2022
                                        Jumlah              Persentase
                                        saham/              pemilikan/
                                        Number              Percentage           Jumlah/
      Pemegang saham                   of shares           of ownership           Total                 Name of shareholders

      PT Pertamina (Persero)           1,040,000,000               58.50%          104,000,000         PT Pertamina (Persero)
      UOB Kay Hian Pte Ltd               282,380,000               15.88%           28,238,000          UOB Kay Hian Pte Ltd
      Samsung Fire & Marine Co, Ltd       94,117,000                5.29%            9,411,700   Samsung Fire & Marine Co, Ltd
      Komisaris dan Direksi                                                                       Commissioners and Directors
        Bapak Tatang Nurhidayat               29,000                0.00%                2,900         Mr Tatang Nurhidayat
        Bapak Emil Hakim                      51,000                0.00%                5,100                Mr Emil Hakim
        Bapak Syaiful Azhar                   13,600                0.00%                1,360              Mr Syaiful Azhar
        Bapak Budi P Amir                     11,000                0.00%                1,100               Mr Budi P Amir
      Masyarakat Umum                    361,186,200               20.32%           36,118,620                    Publicly held
      Jumlah                           1,777,787,800              100.00%          177,778,780                            Total

                                                           109
Page 597
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    Perusahaan telah mencatatkan seluruh                     The Company has listed all its shares on the
    sahamnya pada Bursa Efek Indonesia                       Indonesia Stock Exchange totalling to
    sebanyak 3.555.575.600 saham (nilai                      3,555,575,600 (full amount) shares as of
    penuh) pada 31 Desember 2023 dan                         December 31, 2023, and 1,777,787,800 (full
    1.777.787.800 saham (nilai penuh) pada                   amount) shares as of December 31, 2022.
    31 Desember 2022.
    Berdasarkan Akta Notaris No.123 tanggal                  Based on Notarial Deed No.123 dated
    28 April 2023 dari notaris Jose Dima                     April 28, 2023 from notary Jose Dima Satria,
    Satria,S.H., M.Kn. para pemegang saham                   S.H., M.Kn. the shareholders have approved
    telah menyetujui pemecahan nominal saham                 the nominal split of the Company's shares
    Perseroan (“Stock Split”) dengan rasio                   ("Stock Split") with a ratio of 1 (one) to 2 (two),
    1 (satu) banding 2 (dua), sehingga nilai                 so that the nominal value of the Company's
    nominal saham Perseroan yang semula                      shares which was originally Rp100 per share
    adalah Rp100 per saham akan menjadi                      will become Rp50 per share. This deed has
    Rp50 per saham. Akta ini telah mendapat                  been approved by the Minister of Law and
    persetujuan dari Menteri Hukum dan Hak                   Human Rights of the Republic of Indonesia
    Asasi Manusia Republik Indonesia melalui                 through letter No. AHU-0059835.AH.01.03
    surat No. AHU-0059835.AH.01.03 Tahun                     Year 2023 dated April 20, 2023. The
    2023 tanggal 20 April 2023. Perseroan telah              Company has implemented the stock split as
    melaksanakan        pemecahan         saham              stated in the Summary of Minutes of the
    sebagaimana tercantum dalam Ringkasan                    Company's Annual GMS on May 3, 2023
    Risalah RUPS Tahunan Perseroan pada                      which has been published through the
    tanggal 3 Mei 2023 yang telah dipublikasikan             Company's website of the Indonesia Stock
    melalui website Perseroan Bursa Efek                     Exchange, the Company's website and the
    Indonesia, situs web Perseroan dan situs                 website of PT Kustodian Setral Efek
    web PT Kustodian Setral Efek Indonesia.                  Indonesia.
    Manajemen modal                                          Capital management
    Tujuan utama dari pengelolaan modal                      The primary objective of the Company’s
    Perseroan adalah untuk mempertahankan                    capital management is to ensure that it
    rasio modal yang sehat untuk mendukung                   maintains healthy capital ratios in order to
    bisnis dan memaksimalkan nilai pemegang                  support   its   business    and    maximize
    saham.                                                   shareholder value.

    Perseroan mengelola struktur modal dan                   The Company manages its capital structure
    membuat perubahan, apabila diperlukan,                   and makes changes to it, where appropriate,
    sehubungan dengan perubahan kondisi                      in relation to changes in economic conditions,
    ekonomi, struktur bisnis dan perkembangan                business structure and developments in the
    dalam industri.                                          industry.

    Pengelolaan rasio modal juga diperlukan                  The capital ratios management also required
    sebagai    unsur    kepatuhan   terhadap                 as compliance factor to the Ministry of
    Peraturan Menteri Keuangan mengenai rasio                Finance Regulation relating to solvency ratio
    pencapaian solvabilitas yang dihitung                    which is calculated with risk based capital
    dengan pendekatan modal berbasis risiko                  method (Note 42).
    (Catatan 42).

    Perseroan telah memenuhi ketentuan                       The Company has complied with solvability
    solvabilitas pada tanggal 31 Desember 2023               requirement as of December 31, 2023 and
    dan 2022 (tidak diaudit) (Catatan 42).                   2022 (unaudited) (Note 42).




                                                   110
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

26.   Dividen                                                26. Dividends

      Berdasarkan Keputusan Rapat Umum                           Based on the Shareholders’ Annual General
      Pemegang Saham Tahunan Perseroan                           Meeting held on April 28, 2023, which was
      tanggal 28 April 2023, yang telah diaktakan                notarized by Notarial Deed No. 122 dated
      dengan Akta Notaris No. 122 tanggal                        April 28, 2023 of Notary Jose Dima Satria,
      28 April 2023 dari Notaris Jose Dima Satria,               S.H., M.Kn., the shareholders approved the
      S.H., M.Kn., para pemegang saham                           distribution  of      cash    dividends   of
      menyetujui pembagian dividen kas sebesar                   Rp138,860,307 from 2022 operating results or
      Rp138.860.307 dari hasil operasi 2022 atau                 Rp78 per share (full amount).
      Rp78 per saham (nilai penuh).

      Pada tanggal 24 November 2023, Perseroan                   On November 24, 2023, the company
      mengumumkan pembagian deviden kas                          declared the distribution of an interim cash
      interim untuk tahun 2023 sebesar Rp26                      dividend for 2023 amounting to Rp26 (full
      (dalam satuan penuh) per saham atau                        amount) per share or in total amounting to
      seluruhnya    Rp90.710.513  dan     telah                  Rp90,710,513      and     was     paid    on
      dibayarkan         pada         tangggal                   December 14, 2023 and December 19, 2023.
      14 Desember 2023 dan 19 Desember 2023.

      Berdasarkan Keputusan Rapat Umum                           Based on the Shareholders’ Annual General
      Pemegang Saham Tahunan Perseroan                           Meeting held on May 17, 2022 which was
      tanggal 17 Mei 2022, yang telah diaktakan                  notarized by Notarial Deed No. 51 dated
      dengan Akta Notaris No. 51 tanggal                         May 17, 2022 of Notary Jose Dima Satria,
      17 Mei 2022 dari Notaris Jose Dima Satria,                 S.H., M.Kn., the shareholders approved the
      S.H., M.Kn., para pemegang saham                           distribution  of      cash    dividends   of
      menyetujui pembagian dividen kas sebesar                   Rp126,592,141 from 2021 operating results or
      Rp126.592.141 dari hasil operasi 2021 atau                 Rp10 per share (full amount).
      Rp10 per saham (nilai penuh).

      Pada tahun 2023 dan 2022, Grup                             In 2023 and 2022, the Group will pay cash
      membayarkan      dividen   kas    kepada                   dividends     to non-controlling  interests
      kepentingan non-pengendali masing-masing                   amounting to Rp14,791,561 and Rp5,297,597,
      sebesar Rp14.791.561 dan Rp5.297.597.                      respectively.

      Pada tahun 2023, Grup menyetujui untuk                     In 2023, the Group have agreed to distribute
      membagikan deviden      saham kepada                       share dividends amounted Rp187,198,292.
      kepentingan    non-pengendali  sebesar
      Rp187.198.292.


27.   Tambahan Modal Disetor                                 27. Additional Paid In Capital

      Rincian akun Tambahan Modal Disetor                        The Additional Paid in Capital account details
      adalah sebagai berikut:                                    are as follows:
                                              2023                 2022
                                               Rp                   Rp
      Penawaran Umum Saham Perdana            666,666,750          666,666,750                       Initial Public Offering
      Selisih nilai transaksi                                                        Difference in values of restructuring
        restrukturisasi                       (22,206,471)        (22,206,471)           transactions of entities under
        entitas sepengendali                                                                           common control
      Biaya emisi efek                        (25,742,359)        (25,742,359)                      Share issuance costs
      Opsi saham (Catatan 28)                    6,714,869           6,714,869                   Share options (Note 28)
      Management Employe Stock Option Plan          27,420              27,420   Management Employe Stock Option Plan
      Tambahan setoran modal, neto            625,460,209         625,460,209             Additional paid in capital, net




                                                     111
Page 599
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

28.   Program     Kompensasi          Manajemen            28. Management Stock Option Plan (MESOP)
      Berbasis Saham (MESOP)

      Perseroan     untuk    pertama    kalinya                The Company initially introduced MESOP in
      mengenalkan MESOP adalah di tahun 2018                   2018 through the Notarial Deed Statement of
      melalui Akta No. 17 Pernyataan Keputusan                 Shareholders Decision No. 17 held on
      Para Pemegang Saham yang diadakan pada                   January 15, 2018 whereby the shareholders
      tanggal 15 Januari 2018, di mana para                    agreed to issue the right option through the
      pemegang     saham     menyetujui   untuk                Management and Employee Stock Option
      menerbitkan hak opsi melalui Program                     Plan (MESOP) Program to purchase the
      Management and Employee Stock Option                     Company’s new shares maximum of
      Plan (MESOP) untuk membeli saham baru                    88,888,800 (eighty eight million eight hundred
      Perseroan sebanyak-banyaknya 88.888.800                  eighty eight thousand eight hundred) shares.
      (delapan puluh delapan juta delapan ratus
      delapan puluh delapan ribu delapan ratus)
      saham.

      Tujuan program MESOP ini adalah untuk                    The purpose of the MESOP program is to
      menetapkan kebijakan remunerasi yang                     implement    both    fixed    and    variable
      bersifat tetap dan bersifat variabel yang                remuneration policies that take into account
      memperhatikan kinerja dan risiko dan                     the performance and risks and to determine
      melakukan         penetapan        metode                the method of measurement in accordance
      pengukurannya      sesuai    skala    dan                with the scale and complexities of the
      kompleksitas kegiatan usaha Perseroan.                   Company’s business activities. In addition,
      Selain itu, Program MESOP juga ditujukan                 MESOP program is also granted as a form of
      sebagai     bentuk    penghargaan     atas               award for the achievement of future
      pencapaian kinerja di masa yang akan                     performance.
      datang.

      Perseroan menerbitkan program MESOP                      The Company issued the MESOP program on
      pada tanggal 15 November 2018 (tanggal                   November 15, 2018 (Grant date) of 9,314,300
      pemberian) sejumlah 9.314.300 saham                      shares in 3 (three) phases as follows:
      dalam 3 (tiga) tahap sebagai berikut:
      a. Tahap I (15 November 2018): 25,68%                    a. Grant I (November 15, 2018): 25.68% of
         dari total saham atau sebanyak                           total shares or 2,392,200 shares,
         2.392.200 saham,
      b. Tahap II (28 Mei 2019): 38,61% dari total             b. Grant II (May 28, 2019): 38.61% of total
         saham atau sebanyak 3.596.600 saham,                     shares or 3,596,600 shares,
      c. Tahap III (28 Mei 2020): 35,70% dari                  c. Grant III (May 28, 2020): 35.70% of total
         total saham atau sebanyak 3.325.500                      shares or 3,325,500 shares.
         saham.

      Masa      berlaku  opsi    sejak   tanggal               Option life from grant date until May 28, 2023.
      pendistribusian sampai dengan 28 Mei 2023.               After that date, any unused option rights will
      Setelah tanggal tersebut, seluruh hak opsi               be void.
      yang tidak digunakan akan menjadi gugur.

      Pihak yang memenuhi syarat untuk                         Those entitled to this program are the Bank’s
      menerima MESOP adalah direksi, dewan                     board of directors, board of commissioners
      komisaris kecuali komisaris independen dan               except independent commissioner and
      karyawan tetap dengan mengacu kepada                     permanent employees with reference to
      masa kerja, penilaian kinerja, kelompok                  working period, performance assessment, job
      jabatan, dan jabatan.                                    grade group, and job grade.




                                                     112
Page 600
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    MESOP Tahap I                                             MESOP Grant I
    Perhitungan, metode dan asumsi mengenai                   The computation, method and assumption
    MESOP diperoleh dari laporan appraisal                    regarding MESOP generated by KJPP
    independen, KJPP Desmar, Ferdinand,                       Desmar, Ferdinand, Hentriawan dan Rekan,
    Hentriawan    dan    Rekan     tertanggal                 an      independent     actuary    dated
    24 September 2018.                                        September 24, 2018.

    Beban kompensasi yang diakui dalam                        Compensation costs recognized in the
    laporan   laba     rugi dan  penghasilan                  statement of profit or loss and other
    komprehensif lainnya sehubungan dengan                    comprehensive income in relation to stock
    opsi saham untuk tahun yang berakhir pada                 options for the year ended December 31,
    tanggal 31 Desember 2018 adalah sebesar                   2018 amounted to Rp1,473,595 and credited
    Rp1.473.595 dan dikreditkan ke tambahan                   to additonal paid in capital in equity.
    modal disetor di ekuitas.

    Nilai wajar dari setiap hak opsi diestimasi               The fair value of each option rights was
    pada tanggal pemberian hak opsi dengan                    estimated on the vesting data using the
    menggunakan       model     “Black-scholes”,              “Black-scholes” option pricing model with the
    dengan asumsi utama sebagai berikut:                      primary assumptions as follows:

    Periode vesting (dalam bulan)                        12                            Vesting period (in month)
    Harga saham pada tanggal pemberian opsi
                                                     3.320            Share’s price at grant date (in full Rupiah)
    (dalam Rupiah penuh)
    Harga pelaksanaan opsi (dalam Rupiah
                                                     3.465               Exercise price of option (in full Rupiah)
    penuh)
    Nilai wajar opsi (dalam Rupiah penuh)            616                         Option fair value (in full rupiah)
    Volatilitas harga saham                          37%                                 Volatility of stock price
    Suku bunga bebas risiko                         8,54%                                 Risk-free interest rate
    Tingkat dividen                                 1,51%                                          Dividend yield

    Pada tanggal 15 November 2021, hak opsi                   On November 15, 2021, the unused MESOP
    saham MESOP Tahap I yang tidak                            Phase I stock options who stated was void.
    digunakan dinyatakan gugur.

    MESOP Tahap II                                            MESOP Grant II
    Perhitungan, metode dan asumsi mengenai                   The computation, method and assumption
    MESOP diperoleh dari laporan appraisal                    regarding MESOP generated by KJPP
    independen, KJPP Desmar, Ferdinand,                       Desmar, Ferdinand, Hentriawan dan Rekan,
    Hentriawan dan Rekan tertanggal 6 Maret                   an independent actuary dated March 6, 2019.
    2019.

    Beban kompensasi yang diakui dalam                        Compensation costs recognized in the
    laporan   laba     rugi dan  penghasilan                  statement of profit or loss and other
    komprehensif lainnya sehubungan dengan                    comprehensive income in relation to stock
    opsi saham untuk tahun yang berakhir pada                 options for the year ended December 31,
    tanggal 31 Desember 2019 adalah sebesar                   2019 amounted to Rp3,601,802 and credited
    Rp3.601.802 dan dikreditkan ke tambahan                   to additonal paid in capital in equity.
    modal disetor di ekuitas.

    Nilai wajar dari setiap hak opsi diestimasi               The fair value of each option rights was
    pada tanggal pemberian hak opsi dengan                    estimated on the vesting data using the
    menggunakan       model     “Black-scholes”,              “Black-scholes” option pricing model with the
    dengan asumsi utama sebagai berikut:                      primary assumptions as follows:

    Periode vesting (dalam bulan)                      12                              Vesting period (in month)
    Harga saham pada tanggal pemberian opsi          2.980
                                                                      Share’s price at grant date (in full Rupiah)
    (dalam Rupiah penuh)

                                                   113
Page 601
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

    Harga pelaksanaan opsi (dalam Rupiah             3.465
                                                                          Exercise price of option (in full Rupiah)
    penuh)
    Nilai wajar opsi (dalam Rupiah penuh)           1.001                         Option fair value (in full rupiah)
    Volatilitas harga saham                          35%                                  Volatility of stock price
    Suku bunga bebas risiko                         8,90%                                  Risk-free interest rate
    Tingkat dividen                                  35%                                            Dividend yield

    Pada tanggal 28 Mei 2022, hak opsi saham                  On May 28, 2022, the unused MESOP Phase
    MESOP Tahap II yang tidak digunakan                       II stock options who stated was void.
    dinyatakan gugur.

    MESOP Tahap III                                           MESOP Grant III
    Perhitungan, metode dan asumsi mengenai                   The computation, method and assumption
    MESOP diperoleh dari laporan appraisal                    regarding MESOP generated by KJPP
    independen, KJPP Desmar, Ferdinand,                       Desmar, Ferdinand, Hentriawan dan Rekan,
    Hentriawan     dan   Rekan     tertanggal                 an      independent     actuary    dated
    31 Maret 2021.                                            March 31, 2021.

    Beban kompensasi yang diakui dalam                        Compensation costs recognized in the
    laporan   laba     rugi dan  penghasilan                  statement of profit or loss and other
    komprehensif lainnya sehubungan dengan                    comprehensive income in relation to stock
    opsi saham untuk tahun yang berakhir pada                 options for the year ended             December
    tanggal 31 Desember 2020 adalah sebesar                   31, 2020 amounted to Rp1,639,472 and
    Rp1.639.472 dan dikreditkan ke tambahan                   credited to additonal paid in capital in equity.
    modal disetor di ekuitas.

    Nilai wajar dari setiap hak opsi diestimasi               The fair value of each option rights was
    pada tanggal pemberian hak opsi dengan                    estimated on the vesting data using the
    menggunakan       model     “Black-scholes”,              “Black-scholes” option pricing model with the
    dengan asumsi utama sebagai berikut:                      primary assumptions as follows:

    Periode vesting (dalam bulan)                        12                             Vesting period (in month)
    Harga saham pada tanggal pemberian opsi
                                                     2.680             Share’s price at grant date (in full Rupiah)
    (dalam Rupiah penuh)
    Harga pelaksanaan opsi (dalam Rupiah
                                                     2.842                Exercise price of option (in full Rupiah)
    penuh)
    Nilai wajar opsi (dalam Rupiah penuh)            493                          Option fair value (in full rupiah)
    Volatilitas harga saham                          38%                                  Volatility of stock price
    Suku bunga bebas risiko                         8,14%                                  Risk-free interest rate
    Tingkat dividen                                 1,63%                                           Dividend yield

    Pada tanggal 15 September 2022 terdapat                   On September 15, 2022 there were members
    Direksi/Dewan Komisaris yang mengunakan                   of the Board of Directors/Board of
    hak opsi MESOP sebanyak 10.000 lembar                     Commissioners who using the MESOP option
    saham dengan harga pelaksanaan opsi                       of 10,000 shares at an exercise price of
    sebesar Rp2.842 (nilai penuh).                            Rp2,842 (full amount).

    Sehingga menambah modal disetor sebesar                   Thus increasing the paid-in capital of
    Rp28.420.000 (nilai penuh) yang dibagi oleh               Rp28,420,000 (full amount) which is divided
    Perseroan ke tambahan modal sebesar                       by the Company into additional capital of
    Rp1.000.000 (nilai penuh) dan tambahan                    Rp1,000,000 (full amount) and additional paid-
    modal disetor sebesar Rp27.420.000 (nilai                 in capital of Rp27,420,000 (full amount) as
    penuh) sebagai agio saham.                                share premium.

    Sisa umur dari opsi saham yang tersisa                    The remaining contractual life for the share
    sebanyak 3.315.500 lembar pada tanggal                    options outstanding as of December 31, 2022,
    31 Desember 2022 adalah 5 bulan yang                      is 3,315,500 shares 5 months which will
    akan habis pada tanggal 28 Mei 2023.                      expire on May 28, 2023.
                                                   114
Page 602
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                               PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                     FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                   (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                    unless otherwise stated)

      Pada tanggal 28 Mei 2023, hak opsi saham                                           On May 28, 2023, the unused MESOP Phase
      MESOP Tahap III yang tidak digunakan                                               III stock options who stated was void.
      dinyatakan gugur.


29.   Kepentingan Non-Pengendali                                                     29. Non-Controlling Interests

      Rincian bagian kepentingan non-pengendali                                          Details of this account are as follows:
      adalah sebagai berikut:

                                                                 31 Desember/December 31, 2023
                                                                                   Penghasilan
                                           Saldo awal/                            komprehensif/            Saldo akhir/
                                           Beginning            Penambahan/      Comprehensive               Ending
                                            balance               Addition           income                 balance
      PT Pratama Mitra Sejati                        241,231                11,892                  93              253,216            PT Pratama Mitra Sejati
      PT Tugu Pratama Interindo                      169,300                 3,471               (154)              172,617         PT Tugu Pratama Interindo
      PT Synergy Risk                                                                                                                        PT Synergy Risk
        Management Consultants                        41,392             (1,888)                  (178)             39,326          Management Consultants
      PT Tugu Reasuransi Indonesia               732,316,952        (35,097,578)               (89,406)        697,129,968       PT Tugu Reasuransi Indonesia
      Jumlah                                     732,768,875        (35,084,103)               (89,738)        697,595,127                              Total


                                                                 31 Desember/December 31, 2022
                                                                                   Penghasilan
                                           Saldo awal/                            komprehensif/           Saldo akhir/
                                           Beginning            Penambahan/      Comprehensive              Ending
                                            balance               Addition           income                balance
      PT Pratama Mitra Sejati                       235,939                 5,491                (199)              241,231           PT Pratama Mitra Sejati
      PT Tugu Pratama Interindo                     167,451                 1,257                  592              169,300        PT Tugu Pratama Interindo
      PT Synergy Risk                                                                                                                       PT Synergy Risk
        Management Consultants                        36,394                 4,756                 242             41,392          Management Consultants
      PT Tugu Reasuransi Indonesia               693,967,967            42,645,471         (4,296,486)        732,316,952       PT Tugu Reasuransi Indonesia
      Jumlah                                     694,407,751            42,656,975         (4,295,851)        732,768,875                              Total




30.   Pendapatan Premi Asuransi Dan                                                  30. Insurance And Reinsurance Premium
      Reasuransi                                                                         Income
                                                               31 Desember/December 31, 2023
                                                                                         Perubahan Aset
                                                                                         Reasuransi atas
                                                                         Perubahan          Premi yang
                                                                         Premi yang           Belum
                                                                            Belum           Merupakan
                                                                         Merupakan         Pendapatan
                                                                         Pendapatan       dan Liabilitas
                                                                        dan Liabilitas    Manfaat Polis
                                                                        Manfaat Polis      Masa Depan/
                                                                        Masa Depan/        Changes in
                                                                           Changes     Reinsurance Assets
                                                                        In Unearned        of Unearned
                                                        Premi        Premium Reserves Premium Reserves
                                                     Reasuransi/       and Liabilities    and Liabilities               Premi Neto/
                              Premi Bruto/           Reinsurance          for Future        for Future                 Net Premium
                            Gross Premiums            Premiums         Policy Benefits   Policy Benefits                  Income
      Kebakaran                  2,761,246,559        (1,491,545,069)           (82,677,582)           55,015,444         1,242,039,352                 Fire
      Pengangkutan                 478,172,067           (94,486,103)             16,222,673           43,306,625           443,215,262        Marine cargo
      Rekayasa                     931,430,484          (703,612,537)          (117,441,942)          103,602,463           213,978,468         Engineering
      Rangka kapal                 682,819,238          (438,668,054)             58,195,768         (58,286,895)           244,060,057          Marine hull
      Offshore                     553,460,217          (458,348,679)             76,034,720        (107,337,335)            63,808,923            Offshore
      Onshore                       68,397,209          (180,784,620)           (54,397,237)           22,189,426         (144,595,222)            Onshore
      Penerbangan                  814,214,329          (742,388,070)          (421,423,989)          430,798,749            81,201,019             Aviation
      Lainnya                    1,419,783,965          (258,195,262)          (186,357,381)         (39,007,508)           936,223,814       Miscellaneous
      Jumlah                     7,709,524,068        (4,368,028,394)          (711,844,970)          450,280,969         3,079,931,673                Total




                                                                            115
Page 603
PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

                                                  31 Desember/December 31, 2022
                                                                            Perubahan Aset
                                                                            Reasuransi atas
                                                            Perubahan          Premi yang
                                                            Premi yang           Belum
                                                               Belum           Merupakan
                                                            Merupakan         Pendapatan
                                                            Pendapatan       dan Liabilitas
                                                           dan Liabilitas    Manfaat Polis
                                                           Manfaat Polis      Masa Depan/
                                                           Masa Depan/        Changes in
                                                              Changes     Reinsurance Assets
                                                           In Unearned        of Unearned
                                           Premi        Premium Reserves Premium Reserves
                                        Reasuransi/       and Liabilities    and Liabilities          Premi Neto/
                       Premi Bruto/     Reinsurance          for Future        for Future            Net Premium
                     Gross Premiums      Premiums         Policy Benefits   Policy Benefits             Income
      Kebakaran         2,234,504,080    (1,344,049,468)     (153,835,873)            143,268,473        879,887,212                Fire
      Pengangkutan        529,769,855      (124,037,548)        13,209,284           (35,617,485)        383,324,106       Marine cargo
      Rekayasa            280,892,610      (140,464,161)       177,638,071          (173,862,892)        144,203,628        Engineering
      Rangka kapal        512,692,469      (308,487,124)     (145,233,054)            122,201,520        181,173,811         Marine hull
      Offshore            547,512,373      (453,856,571)         8,054,959             (9,067,529)        92,643,232           Offshore
      Onshore             231,872,903      (153,706,612)         2,281,945               1,580,012        82,028,248           Onshore
      Penerbangan         753,672,807      (695,169,516)       239,706,263          (255,907,523)         42,302,031            Aviation
      Lainnya           1,614,663,122      (299,151,914)     (216,114,342)           (60,033,994)      1,039,362,872      Miscellaneous
      Jumlah            6,705,580,219    (3,518,922,914)      (74,292,747)          (267,439,418)      2,844,925,140               Total



      Pemegang polis dengan kontribusi terhadap                        Policyholder with contribution to premium
      pendapatan premi sebesar 10% atau lebih                          income by 10% or more of gross premium as
      dari premi bruto sebagai berikut:                                follows:

                                                    2023                     2022
                                                     Rp                       Rp
      Premi bruto                                1,624,840,603          1,269,990,818                                  Gross premium
      Persentase                                       21.08%                 18.94%                                      Percentage




31.   Beban Komisi, Neto                                         31. Commission Expense, Net

                                               31 Desember/December 31, 2023
                                      Komisi
                                    reasuransi
                                     diterima/            Komisi       Pendapatan (beban)
                                   Reinsurance           dibayar/          komisi neto/
                                   commissions         Commissions       Net commission
                                     received              paid         income (expense)
      Kebakaran                         231,968,741          (432,918,337)               (200,949,596)                            Fire
      Pengangkutan                       11,666,739           (66,268,683)                (54,601,944)                   Marine cargo
      Rekayasa                           35,823,805           (77,624,230)                (41,800,425)                    Engineering
      Onshore                            15,520,923           (21,629,907)                 (6,108,984)                       Onshore
      Rangka kapal                       87,271,748           (81,807,793)                   5,463,955                     Marine hull
      Penerbangan                        32,421,944           (14,891,068)                  17,530,876                        Aviation
      Offshore                          115,073,641           (75,296,127)                  39,777,514                      Offshore
      Lainnya                            43,709,093          (273,388,053)               (229,678,960)                  Miscellaneous
      Jumlah                            573,456,634          (610,905,861)               (470,367,564)                           Total




                                                           116
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                               PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                     FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                   (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)

                                                31 Desember/December 31, 2022
                                       Komisi
                                     reasuransi
                                      diterima/            Komisi       Pendapatan (beban)
                                    Reinsurance           dibayar/          komisi neto/
                                    commissions         Commissions       Net commission
                                      received              paid         income (expense)

      Kebakaran                           184,896,991            (363,105,576)             (178,208,585)                              Fire
      Rekayasa                             16,155,528             (53,449,857)              (37,294,329)                      Engineering
      Pengangkutan                         34,907,706             (69,453,831)              (34,546,125)                     Marine cargo
      Rangka kapal                         29,578,922             (48,598,940)              (19,020,018)                       Marine hull
      Onshore                               9,195,669             (16,945,054)               (7,749,385)                         Onshore
      Penerbangan                          16,070,513              (6,814,922)                 9,255,591                          Aviation
      Offshore                             62,047,220             (32,165,979)                29,881,241                         Offshore
      Lainnya                              39,035,542            (303,487,233)             (264,451,691)                    Miscellaneous
      Jumlah                              391,888,091            (894,021,392)             (502,133,301)                             Total



32.   Beban Klaim Neto                                                32. Net Claim Expenses

                                                      31 Desember/December 31, 2023
                                                                                      Perubahan
                                                                                  aset reasuransi
                                                                 Perubahan           atas estimasi
                                         Klaim reasuransi         estimasi         liabilitas klaim/
                                          dan retrosesi/      liabilitas klaim/       Changes in         Beban
                                         Reinsurance and        Changes in      reinsurance assets       klaim/
                     Klaim bruto/          retrocession          estimated           of estimated        Claim
                     Gross claims             claims         claims liabilities   claims liabilities   expenses
      Kebakaran            886,522,886        (523,177,532)        (51,744,370)          335,027,078         646,628,062                Fire
      Pengangkutan         140,664,410          (8,435,286)        (42,495,720)           26,007,410         115,740,814       Marine cargo
      Rangka kapal         198,262,600         (60,810,400)         197,908,264        (163,226,566)         172,133,898         Marine hull
      Rekayasa             158,852,752            1,303,468         709,554,263        (691,711,352)         177,999,131        Engineering
      Onshore               13,947,695            (865,442)       (223,498,209)          153,087,711         (57,328,245)          Onshore
      Offshore             323,314,309        (291,511,750)       (476,717,475)          385,392,730         (59,522,186)          Offshore
      Penerbangan           38,244,053         (22,148,428)         181,138,932        (154,256,101)           42,978,456           Aviation
      Lainnya            1,025,578,184        (455,877,978)         344,292,322         (41,589,455)         872,403,073      Miscellaneous
      Jumlah             2,785,386,889      (1,361,523,348)         638,438,007        (151,268,545)       1,911,033,003               Total


                                                      31 Desember/December 31, 2022
                                                                                      Perubahan
                                                                                  aset reasuransi
                                                                 Perubahan           atas estimasi
                                         Klaim reasuransi         estimasi         liabilitas klaim/
                                          dan retrosesi/      liabilitas klaim/       Changes in         Beban
                                         Reinsurance and        Changes in      reinsurance assets       klaim/
                     Klaim bruto/          retrocession          estimated           of estimated        Claim
                     Gross claims             claims         claims liabilities   claims liabilities   expenses
      Kebakaran            798,140,272        (417,717,771)         871,555,506        (750,330,605)         501,647,402                Fire
      Rekayasa              83,402,911         (17,606,539)         139,142,613         (75,623,739)         129,315,246        Engineering
      Rangka kapal         135,539,451         (60,715,774)           97,927,765        (47,873,734)         124,877,708         Marine hull
      Pengangkutan         105,037,312          (9,901,935)           41,441,761        (34,675,414)         101,901,724       Marine cargo
      Onshore               29,529,530          (2,357,049)           13,905,563           4,484,992          45,563,036           Onshore
      Penerbangan          335,509,601        (323,355,308)       (139,115,968)          160,275,651          33,313,976            Aviation
      Offshore              64,432,595         (37,346,502)         (59,928,996)          59,630,945          26,788,042           Offshore
      Lainnya              733,034,123        (103,263,436)         197,707,738        (118,537,416)         708,941,009      Miscellaneous
      Jumlah             2,284,625,795        (972,264,314)       1,162,635,982        (802,649,320)       1,672,348,143               Total




                                                               117
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)

33.   Pendapatan Investasi                                            33. Investment Income

      a.    Berdasarkan jenis pendapatan                                    a.      Based on type of investment income
            investasi
                                                           2023                     2022
                                                            Rp                       Rp

            Penghasilan bunga                                                                                               Interest income
              - Obligasi                                   319,239,948              172,137,382                                  Bonds -
              - Deposito berjangka                         127,557,965               49,420,058                          Time deposits -
            Laba (rugi) selisih perubahan nilai wajar                                               Gain (loss) on revaluation increment of
              properti investasi                               24,705,589               (690,480)                    investment property
            Keuntungan dari perubahan                                                                               Gain on changes in fair
              nilai wajar efek                              63,041,616              121,480,217           value of marketable securities
            Penghasilan dividen                             39,986,423                7,802,140                            Dividend income
            Lain-lain                                        5,298,497                2,242,013                                       Others
            Jumlah                                         579,830,038              352,391,330                                        Total


      b.    Berdasarkan penempatan investasi                                b.      Based on investment placement
                                                           2023                     2022
                                                            Rp                       Rp

            Pendapatan obligasi                            303,121,922              172,137,382                         Income from bonds
            Laba (rugi) selisih perubahan nilai                                                       Gain (loss) on revaluation increment
              wajar properti investasi (Catatan 5f)         24,705,589                (690,480)        of investment property (Note 5f)
            Pendapatan reksadana                            37,124,512               75,575,684                   Income from mutual fund
            Pendapatan deposito berjangka                  127,557,965               49,420,058                 Income from time deposits
            Pendapatan saham                                81,292,279               45,904,533                        Income from shares
            Pendapatan penyertaan langsung                     729,275                7,802,140                 Direct participation income
            Lain-lain                                        5,298,496                2,242,013                                       Others
            Jumlah                                         579,830,038              352,391,330                                        Total




34.   Pendapatan Usaha Lainnya                                        34. Other Operating Revenues
                                                        2023                     2022
                                                         Rp                       Rp
      Usaha sewa                                        212,806,882              223,710,855                              Rental business
      Jasa survei                                        86,643,986              111,911,164                                   Survey fee
      Penjualan kendaraan                               102,639,730               63,088,023                             Sales of vehicles
      Jumlah                                            402,090,598              398,710,042                                        Total


      Pendapatan sewa merupakan pendapatan                                  Rental revenue consists of revenue from
      dari usaha sewa properti investasi dan                                rental of subsidiary’s investment property and
      kendaraan entitas anak.                                               vehicles.

35.   Beban Usaha                                                     35. Operating Expense
                                                        2023                     2022
                                                         Rp                       Rp
      Gaji dan tunjangan                                525,735,146              375,679,301                      Salaries and allowance
      Penyusutan dan amortisasi                                                                              Depreciation and amortization
        (catatan 10 11 dan 12)                           40,720,001              102,144,043                      (notes 10 11 and 12)
      Jasa profesional                                   79,588,685               84,106,639                         Professional services
      Umum                                               28,447,038               72,496,311                                      General
      Pemasaran                                          66,733,064               39,674,175                                    Marketing
      Imbalan kerja (catatan 22)                         46,003,729               43,801,376                   Pension benefits (notes 22)


                                                                118
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

                                                 2023                 2022
                                                  Rp                   Rp
      Penyisihan (Pemulihan) kerugian                                                 Allowance (recovery) for impairment
        penurunan nilai dan hapus buku piutang   (17,391,969)          20,721,872        losses and write-off receivable
      Perlengkapan kantor                          13,803,349          12,666,042                          Office supplies
      Supervisi                                    18,668,527          12,245,014                              Supervision
      Pemeliharaan dan perbaikan                    7,832,728           6,809,583               Repairs and maintenance
      Lain-lain (masing-masing di bawah                                                               Others (each below
        500.000)                                   2,080,658              791,491                               500,000)
      Jumlah                                     812,220,956          771,135,847                                    Total

      Beban usaha sebelum eliminasi terdiri dari                    Operating expenses before elimination consist
      beban     usaha     Perseroan      sebesar                    of operating expenses of the Company
      Rp575.416.048      dan      Rp514.369.266,                    amounting     to      Rp575.416.048      and
      masing-masing untuk tahun 2023 dan 2022.                      Rp514,369,266     in    2023    and    2022,
      Beban usaha entitas anak (TRI) sebesar                        respectively. Operating expenses of the
      Rp123.173.936 dan Rp121.748.540 masing-                       subsidiary (TRI) amounting Rp123.173.936
      masing untuk tahun 2023 dan 2022. Beban                       and Rp121,748,540 in 2023 and 2022,
      usaha    entitas  anak     (TIC)   sebesar                    respectively. Operating expenses of the
      Rp65.142.170        (beban        asuransi                    subsidiary (TIC) amounting Rp65,142,170
      Rp27.889.393 dan beban manajemen                              (insurance expense amounted Rp27,889,393
      Rp37.242.777) dan Rp47.948.929 (beban                         and managemenet expense amounted
      asuransi    Rp25.088.335      dan   beban                     Rp37,242,777) and Rp47,948,929 (insurance
      manajemen Rp22.860.593) masing- masing                        expense amounted Rp25,088,335            and
      untuk tahun 2023 dan 2022.                                    managemenet          expense       amounted
                                                                    Rp22,860,593)    in     2023    and    2022,
                                                                    respectively.


36.   Beban Usaha Lainnya                                       36. Other Operating Expenses

                                                 2023                 2022
                                                  Rp                   Rp
      Penyusutan dan amortisasi                                                           Depreciation and amortization
        (catatan 10, 11, dan 12)                  64,563,523           58,914,995              (notes 10, 11 and 12)
      Jasa pihak ketiga                           67,158,928           57,484,699                Third parties’ services
      Harga pokok penjualan Kendaraan             81,526,083           43,566,201                      Cost of vehicles
      Umum                                        34,756,979           30,235,572                               General
      Gaji dan tunjangan                          18,654,131           20,441,981               Salaries and allowance
      Perbaikan dan pemeliharaan                  18,211,768           20,420,335         Repairment and maintainance
      Pemasaran                                   11,785,952            9,376,720                             Marketing
      Lainnya (masing-masing di bawah                                                                Others (each other
        8.000.000)                                 1,606,618           18,328,897                         8,000,000)
      Jumlah                                     298,263,982          258,769,400                                  Total




37.   Pendapatan (Beban) Lain-Lain - Neto                       37. Other Income (Expenses) - Net

                                                 2023                 2022
                                                  Rp                   Rp
      Keuntungan (kerugian) kurs mata                                                             Gain (Loss) on foreign
        uang asing, neto                         (2,835,945)          144,567,123                       exchange, net
      Pendapatan unit syariah                      9,143,977             4,697,539                   Sharia unit revenue
      Pendapatan Jasa Giro                         2,682,564             1,650,819           Interest on current account
      Keuntungan penjualan aset tetap                   6,557                79,271         Gain on sale of fixed assets
      Beban bunga - sewa modal                       (19,075)              (54,008)     Interest expense - capital lease
      Beban Bank                                 (2,569,083)           (1,647,602)                         Bank charges




                                                        119
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                            2023                  2022
                                             Rp                    Rp
      Beban bunga pinjaman (catatan 23)     (12,804,817)           (3,414,322)     Borrowing interest expense (note 23)
      Beban bunga pembiayaan dan sewa        (5,278,681)           (8,933,293)     Finance and lease interest expenses
      Keuntungan (Kerugian) litigasi          84,407,040          (50,000,000)                  Gain (Loss) on litigation
      Laba/(rugi) lainnya (masing-masing                                                 Gain/(loss) others (each below
        1.000.000)                           981,867,963           21,564,077                              1,000,000)
      Jumlah                               1,054,600,500          108,509,604                                       Total



      Keuntungan (kerugian) litigasi merupakan                 Gain (loss) on litigation represents costs
      biaya yang timbul dari kasus hukum antara                arising from legal cases between the
      Perseroan dan Citibank Hong Kong yang                    Company and Citibank Hong Kong has
      telah berakhir. Perseroan memenangkan                    ended. The Company won the legal case.
      kasus hukum tersebut.

      Sehingga, tahun 2023 Perseroan telah                     Thus, in 2023 the Company has realized the
      merealisasikan pencadangan biaya atas                    cost reserve for the case amounting to
      kasus tersebut sebesar Rp84.407.040                      Rp84,407,040 as other income.
      sebagai pendapatan lain-lain.


38.   Laba Per Saham                                       38. Earnings Per Share
      Rincian perhitungan laba per saham dasar                 The details of basic and diluted earnings per
      dan dilusian adalah sebagai berikut:                     share are as follows:

      Laba per saham                                           Earnings per share
                                             2023                2022
                                              Rp                  Rp
      Laba tahun berjalan                                                                               Income for the year
        yang dapat diatribusikan                                                            attributable to equity holders
        kepada pemilik entitas induk       1,322,393,811         347,150,768                          of the parent entity
      Rata-rata tertimbang saham                                                              Weighted average number of
        biasa yang beredar (nilai penuh)   3,555,575,600        1,777,787,800    outstanding common stock (full amount)
      Laba per saham                                                                                    Earning per share
        dasar dan dilusian (nilai penuh)             372                 195            basic and diluted (full amount)



      Tidak ada transaksi lain yang melibatkan                 There have been no other transactions
      saham biasa atau saham biasa potensial                   involving ordinary shares or potential ordinary
      antara tanggal pelaporan dan tanggal                     shares between the reporting date and the
      otorisasi laporan keuangan ini.                          date of authorisation of these financial
                                                               statements.

      Harga pelaksanaan opsi saham yang                        The exercise price of the outstanding share
      beredar melebihi harga pasar rata-rata                   options exceeded the average market price of
      saham biasa selama periode 2023 dan                      ordinary shares during the period of 2023 and
      2022. Oleh karena itu, opsi saham yang                   2022. Therefore, the outstanding share
      beredar tidak berdampak pada penentuan                   options did not have an impact on the
      laba per saham dilusian sehingga harga per               determination of the diluted EPS and thus the
      saham dasar dan dilusian adalah sama.                    basic and diluted earnings per share are
                                                               identical.




                                                    120
Page 608
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)

39.   Saldo Dan Transaksi Pihak Berelasi                                 39. Nature Of Relationships And Transactions
                                                                             With Related Parties
      Dalam kegiatan usaha yang normal, Grup                                   In the ordinary course of business, the Group
      melakukan transaksi dengan pihak-pihak                                   has engaged in transactions with related
      berelasi terutama transaksi penutupan polis                              parties principally consisting of underwriting of
      asuransi, pembelian/penempatan deposito                                  insurance policies, purchase/placements of
      berjangka dan efek dan penempatan dana di                                time deposits and marketable securities and
      bank serta penyertaan saham, yang                                        placements of current accounts and
      dilakukan dengan tingkat harga dan                                       investments in shares of stock, which are
      persyaratan yang disepakati antar para                                   conducted under terms and conditions agreed
      pihak.                                                                   by both parties.
      a. Informasi mengenai saldo yang material                                a.     Information related to material balance
         dengan pihak-pihak berelasi pada                                             with the related parties as of December
         tanggal 31 Desember 2023 dan 2022                                            31, 2023 and 2022 are as follows:
         adalah sebagai berikut:
                                                                               Persentase terhadap jumlah aset
                                                                               atau liabilitas yang berhubungan/
                                                     Total/                        Percentage of the related
                                                    Amount                           total assets or liability
                                           2023                2022               2023                    2022
                                            Rp                  Rp                  %                       %
         Kas dan bank                       303,107,902         534,690,138              56.35               87.80                    Cash and bank
         Deposito berjangka               2,548,909,034       1,565,826,313              82.75               85.25                     Time deposits
         Saham                              126,713,546         145,365,491              47.16               43.20                            Shares
         Obligasi                         4,547,337,890       3,509,041,974              95.18               94.64                             Bonds
         Reksa dana                         424,488,483         274,769,709              41.41               28.86                       Mutual fund
         Piutang premi dan sesi             684,887,484         371,849,700               3.17                1.72   Premium and cession receivable
         Piutang koasuransi                 143,420,266          54,600,728             111.19               42.33           Coinsurance receivable
         Piutang reasuransi                                                                                                         Reinsurance and
           dan retrosesi                   215,002,738         102,611,817               32.80               14.54         retrocession receivable
         Utang klaim                        32,243,894          18,678,186               10.28                4.80                     Claim payable
         Utang koasuransi                   32,523,770          19,349,791               44.21               26.30              Coinsurance payable
         Utang reasuransi                                                                                                           Reinsurance and
           dan retrosesi                    49,859,966          62,928,324                2.64                2.86            retrocession payable
         Utang pembiayaan                                                                                                          Consumer finance
           konsumen dan sewa pembiayaan        503,985           4,447,768                1.11                6.48            and leases payables
         Pinjaman diterima                 287,256,970         121,346,712               97.00              100.00                        Borrowings
         Estimasi klaim                    149,725,560         207,502,332                6.55               11.53                  Estimated claims

      b. Hubungan dengan pihak-pihak berelasi                                         The nature of relationship with the
         adalah sebagai berikut:                                                      related parties are as follow:
                                                                                                          Persentase terhadap jumlah aset
                                                                                                          atau liabilitas yang berhubungan/
                                                                               Total/                         Percentage of the related
                                                                              Amount                            total assets or liability
                                                                      2023                2022                  2023                2022
                                                                       Rp                  Rp                     %                  %
         Kas dan bank (catatan 4)/
          Cash and bank (note 4)
          Rupiah/ Rupiah
           PT Bank Rakyat Indonesia (Persero) Tbk                  121,078,626          343,383,288                  22.51                  56.39
           PT Bank Syariah Indonesia Tbk                            17,564,222           21,104,569                   3.27                   3.47
           PT Bank Pembangunan
             Daerah Jawa Barat dan Banten Syariah                     10,883,208         10,004,108                   2.02                   1.64
           PT Bank Mandiri (Persero) Tbk                              65,016,437        121,920,504                  12.09                  20.02
           PT Bank Negara Indonesia (Persero) Tbk                      5,503,669          4,021,610                   1.02                   0.66
           PT Bank Tabungan Negara (Persero) Tbk                       1,951,913              7,235                   0.36                   0.00
           PT Bank DKI                                                 1,558,402          3,009,879                   0.29                   0.49
           PT Bank Pembangunan Daerah Jawa Tengah                          5,125              5,425                  0.00                    0.00
           PT Bank Pembangunan
             Daerah Jawa Barat dan Banten Tbk                         11,664,563           6,907,826                  2.17                    1.13
           PT Bank Mandiri Taspen                                          9,528                   --                 0.00                       --


                                                                  121
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                         PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                               FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                             (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                              unless otherwise stated)

                                                                                             Persentase terhadap jumlah aset
                                                                                             atau liabilitas yang berhubungan/
                                                                  Total/                         Percentage of the related
                                                                 Amount                            total assets or liability
                                                        2023                2022                   2023                2022
                                                         Rp                  Rp                      %                   %
        Dolar Amerika Serikat/ United States Dollar
         PT Bank Mandiri (Persero) Tbk                    66,509,729          23,136,413                12.37             3.80
         PT Bank Syariah Indonesia Tbk                       191,294             525,069                 0.04             0.09
         PT Bank Rakyat Indonesia (Persero) Tbk            1,098,965             553,382                 0.20             0.09
         PT Bank Pembangunan
          Daerah Jawa Barat dan Banten Tbk                      8,506               8,963                0.00             0.00
         PT Bank DKI                                           14,722                   --               0.00                --
         PT Bank Negara Indonesia (Persero) Tbk                     --             56,074                   --            0.01
         PT Bank Tabungan Negara (Persero) Tbk                  4,325                   --               0.00                --
        Dolar Hongkong/ Hongkong Dollar
         PT Bank Negara Indonesia (Persero) Tbk                44,668              45,793                0.01             0.01
       Jumlah/ Total                                     303,107,902         534,690,138                49.77            87.80

                                                                                             Persentase terhadap jumlah aset
                                                                                             atau liabilitas yang berhubungan/
                                                                   Total/                        Percentage of the related
                                                                  Amount                           total assets or liability
                                                         2023                2022                  2023                2022
                                                          Rp                  Rp                     %                  %
       Deposito berjangka (catatan 5)/
         Time deposits (note 5)
         Rupiah/ Rupiah
           PT Bank Tabungan Negara (Persero) Tbk       1,037,800,000        319,763,000                 33.69            17.41
           PT Bank Rakyat Indonesia (Persero) Tbk        506,700,651        569,721,074                 16.45            31.02
           PT Bank Pembangunan
             Daerah Jawa Barat dan Banten Tbk           301,000,000         111,550,000                  9.77              6.07
           PT Bank Syariah Indonesia Tbk                118,500,000          26,000,000                  3.85              1.42
           PT Bank Mandiri (Persero) Tbk                  6,352,400          10,352,400                  0.21              0.56
           PT Bank DKI                                    1,500,000           1,500,000                  0.05              0.08
           PT Bank Negara Indonesia (Persero) Tbk                 --         35,140,359                     --             1.91
         Dolar Amerika Serikat/ United States Dollar
           PT Bank Rakyat Indonesia (Persero) Tbk       320,652,800          98,318,750                 10.41              5.35
           PT Bank Mandiri (Persero) Tbk                114,078,400         167,777,976                  3.70              9.13
           PT Bank Tabungan Negara (Persero) Tbk         49,331,200                   --                 1.60                 --
           PT Bank Negara Indonesia (Persero) Tbk        16,330,228          15,880,441                  0.53              0.86
           PT Bank Pembangunan
             Daerah Jawa Barat dan Banten Tbk            12,332,800         132,533,675                  0.40              7.22
           PT Bank Syariah Indonesia Tbk                  4,239,400           4,326,025                  0.14              0.24
         Dolar Hongkong/ Hongkong Dollar
           PT Bank Mandiri (Persero) Tbk                 35,714,110          48,517,850                  1.16              2.64
         China Yuan/ Chinese Yuan
           PT Bank Mandiri (Persero) Tbk                 24,377,045          24,444,763                  0.79              1.33
       Jumlah/ Total                                   2,548,909,034       1,565,826,313                82.75            85.25




                                                        122
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                                                                           Persentase terhadap jumlah aset
                                                                                           atau liabilitas yang berhubungan/
                                                                   Total/                      Percentage of the related
                                                                  Amount                         total assets or liability
                                                           2023              2022                2023                2022
                                                            Rp                Rp                   %                  %

       Obligasi (catatan 5)/ Bonds (note 5)

         Nilai wajar melalui laba rugi/
           Fair value through profit or loss
           Rupiah/ Rupiah
           Obligasi Negara RI FR 0087                              --       121,365,724                  --             3.27
           Obligasi Negara RI FR 0086                              --        98,090,571                  --             2.65
           Obligasi Negara RI FR 0090                              --        73,032,106                  --             1.97
           Obligasi Negara RI FR 0059                              --        25,633,950                  --             0.69
           Obligasi Negara RI FR 0070                              --        10,067,129                  --             0.27
           Obligasi Negara RI FR 0082                              --         8,832,450                  --             0.24
           Obligasi Negara RI FR 0078                              --         4,642,529                  --             0.13
           Obligasi Negara RI FR 0081                              --         3,389,045                  --             0.09
         Sub-jumlah/ Sub-total                                     --       345,053,504                  --             9.31
         Tersedia untuk dijual/ Available-for-sale
           Rupiah/ Rupiah
            Obligasi Negara RI FR0082                  640,819,198           77,385,000              13.41              2.09
            Obligasi Negara RI FR0070                  446,393,873           61,983,348               9.34              1.67
            Obligasi Negara RI FR0056                  393,382,500          111,839,000               8.23              3.02
            Obligasi Negara RI FR0078                  263,459,102          139,750,000               5.51              3.77
            Obligasi Negara RI FR0068                  247,443,647           27,502,778               5.18              0.74
            Obligasi Negara RI FR0087                  220,630,514                    --              4.62                 --
            Obligasi Negara RI FR0059                  213,719,573          194,657,160               4.47              5.25
            Obligasi Negara RI FR0073                  145,787,200                    --              3.05                 --
            Obligasi Negara RI FR0095                  140,957,612          190,986,779               2.95              5.15
            Obligasi Negara RI FR0052                  101,858,050          102,850,000               2.13              2.77
            Obligasi Negara RI FR0064                   97,889,482           77,364,340               2.05              2.09
            Obligasi Negara RI FR0071                   58,786,063           59,077,312               1.23              1.59
            Obligasi Berkelanjutan III
              Bank BTN Thp II Tahun 2019 Sr C              55,458,150        56,558,700               1.16              1.53
            Obligasi Negara RI FR0058                      44,066,123        43,517,286               0.92              1.17
            Obligasi Berkelanjutan II
              PLN Thp III Tahun 2018 Sr E                  43,706,382        42,636,040               0.91              1.15
            Obligasi Berkelanjutan III
              PLN Thp V Tahun 2019 Sr A                    40,287,916        41,195,830               0.84              1.11
            Obligasi Berkelanjutan I
              Timah Thp II 2019 Sr B                       34,891,150        35,194,250               0.73              0.95
            Obligasi Negara RI FRSDG001                    31,067,400                 --              0.65                 --
            Obligasi Berkelanjutan II Pupuk
              Indonesia Thp I Tahun 2020 Sr B              30,198,900        30,770,100               0.63              0.83
            Obligasi Negara RI FR0081                      30,047,621                 --              0.63                 --
            SBSN Seri PBSG001                              29,993,240                 --              0.63                 --
            Obligasi Berkelanjutan III
              PLN Thp III Tahun 2019 Sr B                  29,948,700        31,341,600               0.63              0.85
            Obligasi Bkjt II Mayora
              Indah Thp II Thn 2022 Sr A                   29,715,900        59,176,871               0.62              1.60
            Obligasi Berkelanjutan II
              Protelindo Tahap II Th 2021 Sr B             29,656,200                 --              0.62                 --
            Obligasi Negara PBS Ijaroh 036                 29,483,600                 --              0.62                 --
            Obligasi Berkelanjutan I Kereta
              Api Indonesia Thp I Thn 2022 Sr B            28,665,900        53,984,950               0.60              1.46
            Obligasi Berkelanjutan II
              PLN Thp I Tahun 2017 Sr C                    25,953,750        26,440,500               0.54              0.71




                                                     123
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                                                                   Persentase terhadap jumlah aset
                                                                                   atau liabilitas yang berhubungan/
                                                             Total/                    Percentage of the related
                                                            Amount                       total assets or liability
                                                    2023               2022              2023                2022
                                                     Rp                 Rp                 %                   %
           Obligasi Negara RI FR0084                      25,413,763     25,699,748             0.53             0.69
           Obligasi Berkelanjutan VI Sarana
            Multigriya Finansial Thp II Th 2021           24,659,000     24,635,250             0.52             0.66
           Obligasi Negara RI FR0054                      23,379,000     23,051,600             0.49             0.62
           Obligasi Berkelanjutan I
            Bank Mandiri Thp I Th 2016 Sr C               23,195,260     23,361,800             0.49             0.63
           Obligasi I Marga Lingkar
            Jakarta Tahun 2017 Sr D                       21,213,200     21,849,600             0.44             0.59
           Obligasi Berkelanjutan III
            PLN Thp IV Tahun 2019 Sr B                    20,908,800     21,000,000             0.44             0.57
           Obligasi Berkelanjutan III
            PLN Thp III Tahun 2019 Sr C                   20,888,600     21,481,600             0.44             0.58
           Obligasi Berkelanjutan II
            PLN Thp II Tahun 2017 Sr C                    20,680,400     20,754,400             0.43             0.56
           Obligasi Berkelanjutan I Angkasa
            Pura II Thp II Tahun 2020 Sr B                20,462,892     20,782,792             0.43             0.56
           Obligasi Berkelanjutan II
            Jasa Marga Thp I Tahun 2020 Sr B              20,408,400     20,638,400             0.43             0.56
           Obligasi Subordinasi Berkelanjutan I
            Bank BJB Thp I Tahun 2017 Sr B                20,300,968     20,745,345             0.42             0.56
           Obligasi Berkelanjutan I Semen
            Indonesia Thp II Tahun 2019 Sr A              20,293,000     20,831,200             0.42             0.56
           Obligasi Berkelanjutan V Sarana
            Multigriya Finansial Thp I 2019 Sr C          20,223,800     20,798,600             0.42             0.56
           Obligasi IV Waskita Karya
            Tahun 2022 Sr A                               19,972,400     19,467,800             0.42             0.53
           Obligasi Berkelanjutan I Bank Mandiri
            Taspen Thp II Tahun 2021 Sr A                 19,957,693     19,937,417             0.42             0.54
           Obligasi I Angkasa
             Pura II Tahun 2016 Sr C                      18,524,347     19,150,020             0.39             0.52
           Obligasi Negara PBS Ijaroh 017                 17,820,000     17,784,000             0.37             0.48
           Obligasi VII Danareksa Thn 2023 Seri A         16,966,203              --            0.36                --
           Obligasi Negara RI FR 0065                     16,643,343     16,073,145             0.35             0.43
           Obligasi VII Danareksa Thn 2023 Seri B         16,028,551              --            0.34                --
           Obligasi Subordinasi Berkelanjutan I
            Bank Sumut Thp I Tahun 2018                   15,194,923     15,174,705             0.32             0.41
           Obligasi Berkelanjutan I Bank Mandiri
            Taspen Thp I Tahun 2019 Sr B                  15,109,111     15,266,512             0.32             0.41
           Obligasi Berkelanjutan VI Sarana
            Multigriya Finansial Thp III Thn 2022         15,076,500     15,573,750             0.32             0.42
            (Green Bond) I PT BNI (Persero)
            Tbk Tahun 2022 Sr B                           12,848,423     13,057,467             0.27             0.35
           MTN II BRI Finance Tahun 2021                  12,391,750     12,452,250             0.26             0.34
           Obligasi Negara PBS Ijaroh 032                 12,303,970     12,226,990             0.26             0.33
           Obligasi Berkelanjutan V
            Pegadaian Thp I Tahun 2022 Sr B               11,826,240     11,753,280             0.25             0.32
           Obligasi Berkelanjutan IV
            PNM Thp II Tahun 2022 Sr B                    11,822,880     11,989,680             0.25             0.32
           Obligasi Berkelanjutan I Angkasa
             Pura II Thp II Tahun 2020 Sr D               10,773,600     11,185,900             0.23             0.30
           Obligasi Berkelanjutan I Semen
             Indonesia Thp II Tahun 2019 Sr B             10,726,600     10,828,300             0.22             0.29
            Berkelanjutan Thp IV
            Tahun 2017 Sr E                               10,652,190     10,848,418             0.22             0.29
           Obligasi Berkelanjutan I Angkasa
            Pura II Thp II Tahun 2020 Sr C                10,622,276     10,661,505             0.22             0.29




                                                    124
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                       unless otherwise stated)

                                                                                 Persentase terhadap jumlah aset
                                                                                 atau liabilitas yang berhubungan/
                                                          Total/                     Percentage of the related
                                                         Amount                        total assets or liability
                                                 2023                2022              2023                2022
                                                  Rp                  Rp                 %                   %
           Sukuk Ijarah Berkelanjutan I
            Elnusa Thp I Tahun 2020                    10,378,100      10,472,700             0.22             0.28
           Obligasi Berkelanjutan III
            PLN Thp V 2019 Sr B                        10,336,751      10,481,941             0.22             0.28
           Obligasi Negara RI FR0077                   10,064,357               --            0.21                --
           Obligasi I BRI Finance Tahun 2022            9,911,400      10,283,000             0.21             0.28
           Obligasi Berkelanjutan IV
            PNM Thp I Tahun 2021 Sr B                   9,908,500       9,949,200             0.21             0.27
           Obligasi Negara RI FR0086                    9,830,248      39,236,228             0.21             1.06
           Obligasi Negara RI FR 0062                   9,825,483       8,940,050             0.21             0.24
           Obligasi Berkelanjutan IV
            PNM Thp I Tahun 2021 Sr C                   7,876,720       7,773,440             0.16             0.21
           Obligasi Berkelanjutan III
            PLN Thp VII Tahun 2020 Sr D                 7,641,800       7,615,347             0.16             0.21
           Obligasi Berkelanjutan I
            Telkom Thp I Tahun 2015 Sr D                6,692,189       6,433,515             0.14             0.17
           Obligasi Negara RI FR 0045                   6,264,300       6,027,017             0.13             0.16
            Berkelanjutan PT Bank BRI
            Thp I Tahun 2022 Sr C                       5,891,221       5,847,557             0.12             0.16
           Obligasi Berkelanjutan I
            Telkom Tahun 2015 Sr C                      5,848,727       5,869,811             0.12             0.16
           Obligasi I Pelindo IV
            Gerbang Nusantara Tahun 2018 Sr C           5,418,203       5,465,390             0.11             0.15
           Obligasi Berkelanjutan III
            Bank BTN Thp I Tahun 2017 Sr D              5,290,700       5,281,950             0.11             0.14
           Obligasi Berkelanjutan II
            Bank BRI Thp II Tahun 2017 Sr D             5,274,500       5,319,500             0.11             0.14
           Obligasi Berkelanjutan II
            Jasa Marga Thp I Tahun 2020 Sr C            5,195,700       5,188,450             0.11             0.14
           Obligasi I Kereta Api Indonesia
            Tahun 2017 Sr B                             3,064,042       3,127,210             0.06             0.08
           Obligasi I Pelindo 1 Gerbang
            Nusantara Tahun 2016 Sr D                   1,055,771       1,082,418             0.02             0.03
           Obligasi Negara RI FR0063                            --    369,076,559                --            9.95
           Obligasi Negara RI FR0046                            --     56,100,000                --            1.51
           Obligasi Berkelanjutan II
            Bank BRI Thp IV Tahun 2018 Sr A                     --     50,312,000                --            1.36
           Obligasi Berkelanjutan I
            Bank Mandiri Thp III Tahun 2018                     --     35,803,600                --            0.97
           Obligasi Negara RI FR0090                            --     33,600,000                --            0.91
           Obligasi Berkelanjutan I Kereta Api
            Indonesia Thp I Tahun 2022 Sr A                     --     19,094,810                --            0.52
           Obligasi Berwawasan Lingkungan
           Obligasi Indonesia Eximbank III
           MTN Subordinasi I
            Bank Mandiri Tahun 2018                             --     10,139,100                --            0.27
           Obligasi Negara RI FR 0087                           --      9,740,000                --            0.26
           Obligasi I Pelindo 1
            Gerbang Nusantara Tahun 2016 Sr C                   --      6,111,929                --            0.16
           Obligasi Berwawasan Lingkungan
           Obligasi Negara RI FR 0072                           --      5,472,525                --            0.15
           Sukuk Mudharabah Subordinasi I
            BRISyariah Tahun 2016                               --      5,090,783                --            0.14
           Obligasi Berkelanjutan II
            Jasa Marga Thp I Tahun 2020 Sr A                    --      5,065,350                --            0.14
           Obligasi Berkelanjutan I
            Bank BTN Thp II Tahun 2013                          --      2,010,014                --            0.05




                                                 125
Page 613
PT ASURANSI TUGU PRATAMA INDONESIA TBK                           PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                       AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                 FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                               (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)

                                                                                             Persentase terhadap jumlah aset
                                                                                             atau liabilitas yang berhubungan/
                                                                   Total/                        Percentage of the related
                                                                  Amount                           total assets or liability
                                                          2023                 2022                2023                2022
                                                           Rp                   Rp                   %                   %
            Dolar Amerika Serikat/ United States Dollar
            Eurobonds Indonesia 2026                            92,688,402       94,974,708                1.94              2.56
            Eurobonds Indonesia 2025                            74,954,866       76,475,090                1.57              2.06
            Obligasi Negara
               RI INDON 24                                      38,323,108       38,938,969                0.80              1.05
            Eurobonds Indonesia 2033                            31,589,645                --               0.66                 --
            Eurobonds Indonesia 2024                            30,845,461       31,893,765                0.65              0.86
            PLNIJ @525%                                         29,206,537       26,590,109                0.61              0.72
            Eurobonds Indonesia 2042                            24,205,278       23,225,669                0.51              0.63
            Eurobonds Indonesia 2043                            14,000,040                --               0.29                 --
            Eurobonds Indonesia 2038                             9,929,664        9,492,378                0.21              0.26
            Obligasi Negara
               RI INDON 26                                       7,715,531        7,870,799                0.16              0.21
            Obligasi Negara
               RI INDOIS 31                                      6,734,024        6,680,517                0.14              0.18
            Standard Chartered PLC @3.971%                       6,009,958        5,981,555                0.13              0.16
            Eurobonds Indonesia 2041                             3,810,835                --               0.08                 --
            Obligasi Negara
               RI INDON 23                                             --         62,778,016                  --             1.69
            Bond Pertamina Tahun 2043                                  --         18,683,709                  --             0.50
            Bond Pertamina Tahun 2044                                  --          5,118,474                  --             0.14
         Sub-jumlah/ Sub-total                             4,547,337,890       3,163,988,470              85.34             85.34
       Jumlah/ Total                                       4,547,337,890       3,509,041,974              94.64             94.64

                                                                                               Persentase terhadap jumlah aset
                                                                                               atau liabilitas yang berhubungan/
                                                                      Total/                       Percentage of the related
                                                                     Amount                          total assets or liability
                                                            2023                2022                 2023                2022
                                                             Rp                  Rp                    %                  %
       Saham (catatan 5)/ Shares (note 5)
         Nilai wajar melalui laba rugi/
           Fair value through profit or loss
           PT Bank Mandiri (Persero) Tbk                    13,364,958          10,463,848                4.97              3.11
           PT Bank Rakyat Indonesia (Persero) Tbk           11,870,982          12,434,642                4.42              3.70
           PT Telkom Indonesia (Persero) Tbk                 9,974,935           9,544,875                3.71              2.84
           PT Bank Negara Indonesia (Persero) Tbk            4,978,325           4,192,763                1.85              1.25
           PT Semen Gresik (Persero) Tbk                     2,668,160           1,476,088                0.99              0.44
           PT Perusahaan Gas Negara Tbk                      2,570,750           3,562,240                0.96              1.06
           PT Aneka Tambang (Persero) Tbk                    2,351,717           3,087,878                0.88              0.92
           PT Jasa Marga (Persero) Tbk                         723,317             442,605                0.27              0.13
           PT Indocement Tunggal Prakarsa Tbk                  702,180             739,530                0.26              0.22
           PT Wijaya Karya (Persero) Tbk                       454,520           1,515,066                0.17              0.45
           PT Waskita Karya (Persero) Tbk                      269,747             686,768                0.10              0.20
           PT Adhi Karya (Persero) Tbk                         266,268             413,057                0.10              0.12
           PT Wijaya Karya Beton Tbk                           180,641             319,467                0.07              0.09
           PT Pembangunan Perumahan (Persero) Tbk              105,374             176,033                0.04              0.05
           PT Waskita Beton Precast Tbk                         63,542             172,473                0.02              0.05
           PT Tambang Batubara Bukit Asam Tbk                        --            564,201                   --             0.17
           PT Timah Tbk                                              --            242,878                   --             0.07
         Sub-jumlah/ Sub-total                              50,545,416          50,034,412               18.81             14.87




                                                          126
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                                                                        Persentase terhadap jumlah aset
                                                                                        atau liabilitas yang berhubungan/
                                                             Total/                         Percentage of the related
                                                            Amount                            total assets or liability
                                                    2023                2022                  2023                2022
                                                     Rp                  Rp                     %                   %
        Tersedia untuk dijual/ Available-for-sale
          PT Telkom Indonesia (Persero) Tbk           32,228,840          45,498,750                12.00            13.52
          PT Perusahaan Gas Negara Tbk                10,186,611          15,172,080                 3.79             4.51
          PT Semen Indonesia (Persero) Tbk             4,618,880           4,745,178                 1.72             1.41
          PT Bank Tabungan Negara (Persero) Tbk        4,329,500           4,675,864                 1.61             1.39
          PT Jasa Marga (Persero) Tbk                  3,729,894           2,663,798                 1.39             0.79
          PT Bank Rakyat Indonesia (Persero) Tbk       3,624,590           2,343,121                 1.35             0.70
          PT Bank Mandiri (Persero) Tbk                3,489,035           3,242,498                 1.30             0.96
          PT Indocement Tunggal Prakarsa Tbk           3,384,000                   --                1.26                --
          PT Aneka Tambang Tbk                         2,667,164           4,410,708                 0.99             1.31
          PT Bank Negara Indonesia (Persero) Tbk       2,515,500           2,199,240                 0.94             0.65
          PT Semen Gresik (Persero) Tbk                2,184,320           2,244,048                 0.81             0.67
          PT Pembangunan Perumahan (Persero) Tbk       2,080,580           3,475,735                 0.77             1.03
          PT Tambang Batubara Bukit Asam Tbk             448,228             423,243                 0.17             0.13
          PT Waskita Karya (Persero) Tbk                 394,829             841,977                 0.15             0.25
          PT Timah Tbk                                   155,252             281,619                 0.06             0.08
          PT Waskita Beton Precast Tbk                    70,000              70,000                 0.03             0.02
          PT Wijaya Karya Beton Tbk                       32,314              57,147                 0.01             0.02
          PT Wijaya Karya (Persero) Tbk                   14,936              49,786                 0.01             0.01
          PT Adhi Karya (Persero) Tbk                     13,657              21,187                 0.01             0.01
          PT Bukit Asam Tbk                                    --          2,915,100                    --            0.87
        Sub-jumlah/ Sub-total                         76,168,130          95,331,079                28.35            28.33
       Jumlah/ Total                                 126,713,546         145,365,491                47.16            43.20


                                                                                         Persentase terhadap jumlah aset
                                                                                        atau liabilitas yang berhubungan/
                                                               Total/                       Percentage of the related
                                                              Amount                          total assets or liability
                                                     2023                2022                 2023                2022
                                                      Rp                  Rp                    %                  %
       Piutang premi dan sesi (catatan 6)/
         Premium and cession receivable (note 6)
        Perseroan/ The company
         PT Pertamina Patra Niaga                   121,671,276         138,371,998                 5.86             6.67
         PT Kilang Pertamina Internasional          218,283,911          83,399,956                10.52             4.02
         PT Perusahaan Gas Negara (Persero) Tbk      49,337,297          50,841,493                 2.38             2.45
         PT Pelita Air Service                       30,033,985          20,598,532                 1.45             0.99
         PT Pupuk Kalimantan Timur                   41,654,913                   --                2.01                --
         PT Pertamina Drilling Service Indonesia     33,075,526              80,146                 1.59             0.00
         PT Petrokimia Gresik                        16,734,974                   --                0.81                --
         PT Garuda Indonesia (Persero) Tbk           16,143,516          11,011,932                 0.78             0.53
         PT Pupuk Sriwidjaja Palembang               15,473,766                   --                0.75                --
         PT Pupuk Iskandar Muda                      12,977,967                   --                0.63                --
         PT Pupuk Kujang Cikampek                     7,664,100                   --                0.37                --
         PT Elnusa Petrofin Indonesia                 5,136,052           2,873,643                 0.25             0.14
         PT Prima Armada Raya                         4,086,951           3,972,962                 0.20             0.19
         PT Pertamina International Shipping          2,142,220           5,756,864                 0.10             0.28
         PT Patra Trading                             1,709,304             911,333                 0.08             0.04
         PT Pertamina Lubricants                      1,608,141             678,873                 0.08             0.03
         PT Pertamina (Persero) Tbk                   1,569,062             124,870                 0.08             0.01




                                                    127
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

                                                                                     Persentase terhadap jumlah aset
                                                                                    atau liabilitas yang berhubungan/
                                                              Total/                    Percentage of the related
                                                             Amount                        total assets or liability
                                                    2023                2022              2023                2022
                                                     Rp                  Rp                 %                   %
         Pertamina International Shipping Pte Ltd      1,116,667          9,147,955               0.05               0.44
         PT Patra Drilling Contractor                  1,047,859          1,182,210               0.05               0.06
         PT Rekayasa Industri                            954,122            920,495               0.05               0.04
         PT BRI Multifinance Indonesia                   936,422            496,797               0.05               0.02
         PT Kilang Pertamina Balikpapan                  390,742            879,707               0.02               0.04
         PT Freeport Indonesia                                 --         4,326,025                  --              0.21
         PT Geo Dipa Energi (Persero)                          --            73,979                  --              0.00
         Lainnya (dibawah 100.000)/
            Others (below 100,000)                   62,565,815          14,636,810               3.01              0.71
        Sub-jumlah/ Sub-total                       646,314,588         350,286,580              31.14             16.88
        Entitas anak/ Subsidiaries
         PT Asuransi Jasa Indonesia                   26,088,614          9,864,744               1.26              0.48
         PT Asuransi Kredit Indonesia                  4,169,206         12,445,388               0.20              0.48
         PT Asuransi Samsung Tugu                      8,315,076         11,698,376               0.40              0.56
        Sub-jumlah/ Sub-total                         38,572,896         34,008,508               1.86              1.04
       Jumlah/ Total                                684,887,484         371,849,700               3.17              1.72

                                                                                        Persentase terhadap jumlah aset
                                                                                       atau liabilitas yang berhubungan/
                                                               Total/                      Percentage of the related
                                                              Amount                         total assets or liability
                                                      2023               2022                2023                2022
                                                       Rp                 Rp                   %                  %
       Piutang koasuransi(catatan 7)/
         Coinsurance receivable (note 7)
        PT BRI Asuransi Indonesia                     76,716,357                  --             59.48                 --
        PT Asuransi Jasa Indonesia                    55,576,885         54,600,728              43.09             42.33
        PT Asuransi ASEI Indonesia                     4,753,588                  --              3.69                 --
        PT Asuransi Kredit Indonesia                   2,958,751                  --              2.29                 --
        Lainnya (dibawah 100.000)/
        Others (below 100,000)                         3,414,685                  --              2.65                 --
       Jumlah/ Total                                143,420,266          54,600,728             111.19             42.33

                                                                                        Persentase terhadap jumlah aset
                                                                                       atau liabilitas yang berhubungan/
                                                               Total/                      Percentage of the related
                                                              Amount                         total assets or liability
                                                      2023               2022                2023                2022
                                                       Rp                 Rp                   %                  %
       Piutang reasuransi dan
         retrosesi (catatan 8)/ reinsurance
         and retrocession receivable (note 8)
        Perseroan/ The company
         PT Reasuransi Indonesia Utama              107,580,957          70,704,665              16.41             18.23
         PT Reasuransi Nasional Indonesia            78,319,213          12,645,197              11.95              3.26
         PT Asuransi Dharma Bangsa                   11,727,531          12,139,650               1.79              3.13
         PT Asuransi Jasa Indonesia                   8,524,454           2,493,393               1.30              0.64
         Lainnya (dibawah 100.000)/
            Others (below 100,000)                     2,693,512            744,027               0.41              0.19




                                                    128
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

                                                                                         Persentase terhadap jumlah aset
                                                                                        atau liabilitas yang berhubungan/
                                                              Total/                        Percentage of the related
                                                             Amount                           total assets or liability
                                                     2023                2022                 2023                2022
                                                      Rp                  Rp                    %                  %
        Entitas anak/ Subsidiaries
         PT Reasuransi Nasional Indonesia              6,157,071           3,389,277                0.94              0.87
         Lainnya (dibawah 100.000)/
             Others (below 100,000)                            --            495,608                   --             0.13
        Sub-jumlah/ Sub-total                          6,157,071           3,884,885                0.94              1.00
       Jumlah/ Total                                 215,002,738         102,611,817               32.80             26.45

                                                                                          Persentase terhadap jumlah aset
                                                                                         atau liabilitas yang berhubungan/
                                                                Total/                       Percentage of the related
                                                               Amount                          total assets or liability
                                                      2023                2022                 2023                2022
                                                       Rp                  Rp                    %                  %
       Utang klaim (catatan 14)/
         Claim payable (note 14)
          PT Pertamina Drilling Services Indonesia    13,522,417           5,481,340                4.31              4.25
          PT Kilang Pertamina Internasional            7,246,558                   --               2.31                 --
          PT Asuransi Jiwasraya (Persero)                 616921           3,119,310                0.20              2.42
          PT BNI Life Insurance                                --          2,996,375                   --             2.32
          PT Asuransi Jiwa Inhealth Indonesia                  --          1,090,692                   --             0.85
          PT BRI Asuransi Indonesia                            --          4,171,410                   --             3.23
          PT Pertamina (Persero)                               --          1,637,530                   --             1.27
          Lainnya (dibawah 100.000)/
            Others (below 100,000)                    10,857,998            181,529                 3.46              0.14
       Jumlah/ Total                                  32,243,894          18,678,186               10.28             14.47

                                                                                          Persentase terhadap jumlah aset
                                                                                         atau liabilitas yang berhubungan/
                                                                Total/                       Percentage of the related
                                                               Amount                          total assets or liability
                                                      2023                2022                 2023                2022
                                                       Rp                  Rp                    %                  %
       Utang koasuransi (catatan 15)/
         Coinsurance payable (note 15)
        PT Asuransi Jasa Indonesia                    23,997,050             981,213               32.62              2.09
        PT BRINS General Insurance                     5,433,711          16,085,520                7.39             34.31
        PT Asuransi Jasa Raharja Putra                 1,450,572              42,047                1.97              0.09
        PT Garuda Indonesia (Persero) Tbk                388,525             396,463                0.53              0.85
        PT Asuransi Dharma Bangsa                        161,399             171,984                0.22              0.37
        PT Asuransi Kredit Indonesia                      57,880               2,689                0.08              0.01
        PT Asuransi Bringin Sejahtera Artamakmur          16,868              24,342                0.02              0.05
        PT Asuransi ASEI Indonesia                        13,030             896,583                0.02              1.91
        Lainnya (dibawah 100.000)/
          Others (below 100,000)                       1,004,735            748,950                 1.37              1.60
       Jumlah/ Total                                  32,523,770          19,349,791               44.21             41.27




                                                     129
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PT ASURANSI TUGU PRATAMA INDONESIA TBK              PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                          AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                    FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                  (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                   unless otherwise stated)

                                                                                 Persentase terhadap jumlah aset
                                                                                atau liabilitas yang berhubungan/
                                                         Total/                     Percentage of the related
                                                        Amount                        total assets or liability
                                               2023                2022               2023                2022
                                                Rp                  Rp                  %                  %
       Utang reasuransi dan retrosesi
         (catatan 17)/ Reinsurance and
         retrocession payable (note 17)
         Perseroan/ The company
           PT Reasuransi Indonesia Utama       47,607,540          35,177,093              2.52              2.41
           PT Asuransi Dharma Bangsa            1,099,977          11,971,414              0.06              0.82
           PT Reasuransi Nasional Indonesia       683,967          14,561,879              0.04              1.00
           Lainnya (dibawah 100.000)/
              Others (below 100,000)                    --          1,217,938                 --             0.08
         Sub-jumlah/ Sub-total                 49,391,484          62,928,324              2.61              4.31
         Entitas anak/ Subsidiaries
           PT Reasuransi Indonesia Utama            468,482                --              0.02                 --
         Sub-jumlah/ Sub-total                      468,482                --              0.02              0.00
       Jumlah/ Total                           49,859,966          62,928,324              2.64              4.31

                                                                                 Persentase terhadap jumlah aset
                                                                                atau liabilitas yang berhubungan/
                                                         Total/                     Percentage of the related
                                                        Amount                        total assets or liability
                                               2023                2022               2023                2022
                                                Rp                  Rp                  %                  %
       Estimasi klaim (catatan 16)/
        Estimated claims (note 16)
        Perseroan/ The company
         PT Pertamina (Persero)                67,651,178          57,987,556              2.96              3.22
         PT Pertamina Patra Niaga              26,228,089          26,975,185              1.15              1.50
         SKK Migas                             23,554,855          15,295,505              1.03              0.85
         PT Elnusa Petrofin                    18,910,317           5,777,432              0.83              0.32
         PT Pertamina Drilling
            Service Indonesia                   4,191,206           5,215,894              0.18              0.29
         PT Swadharma Sarana Informatika        3,579,855           7,483,542              0.16              0.42
         PT Wijaya Karya (Persero) Tbk          2,307,562           1,372,169              0.10              0.08
         PT Hutama Karya (Persero)              1,312,031           1,312,149              0.06              0.07
         PT Pupuk Kalimantan Timur              1,007,247           8,000,672              0.04              0.44
         PT Pertamina Hulu Energi
           West Madura Offshore                     419,379         8,759,801              0.02              0.49
         PT Perusahaan Listrik
            Negara (Persero)                        290,651         3,324,754              0.01              0.18
         PT Bank Mandiri (Persero) Tbk              273,190         3,325,628              0.01              0.18
         PT Aneka Gas Industri Tbk                        --       21,116,580                 --             1.17
         PT PP Properti (Persero)                         --        7,141,447                 --             0.40
         PT Pertamina Hulu Energi
           Offshore Southeast Sumatra                   --          1,989,972                 --             0.11
        Sub-jumlah/ Sub-total                 149,725,560         175,078,286              6.55              9.73
        Entitas anak/ Subsidiaries
         PT Asuransi Jasaraharja Putera                   --       32,424,046                 --             1.80
        Sub-jumlah/ Sub-total                             --       32,424,046                 --             1.80
       Jumlah/ Total                          149,725,560         207,502,332              6.55             11.53




                                              130
Page 618
PT ASURANSI TUGU PRATAMA INDONESIA TBK                             PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                         AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                   FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                               December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                 (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)

                                                                                                   Persentase terhadap jumlah aset
                                                                                                   atau liabilitas yang berhubungan/
                                                                        Total/                         Percentage of the related
                                                                       Amount                            total assets or liability
                                                              2023                   2022               2023                 2022
                                                               Rp                     Rp                  %                     %
       Utang pembiayaan konsumen dan sewa
        pembiayaan (catatan 24)/ Consumer
        finance and leases payables (note 24)
        Pembiayaan Konsumen/ Consumer Financing
        PT Mandiri Tunas Finance                                   503,985             3,438,955               1.11                 5.01
        PT Mandiri Utama Finance                                         --              339,183                  --                0.49
        PT BRI Multifinance Indonesia                                    --              669,630                  --                0.98
       Jumlah/ Total                                               503,985             4,447,768               1.11                 6.48

                                                                                                   Persentase terhadap jumlah aset
                                                                                                   atau liabilitas yang berhubungan/
                                                                        Total/                         Percentage of the related
                                                                       Amount                            total assets or liability
                                                              2023                   2022               2023                 2022
                                                               Rp                     Rp                  %                     %
       Pinjaman diterima (catatan 23)/
        Borrowings (note 23)
        PT Bank Pembangunan
         Daerah Jawa Barat dan Banten Tbk                     149,351,005            15,423,438               50.43                12.71
        PT Bank Mandiri (Persero) Tbk                          75,338,655           105,321,901               25.44                86.79
        PT Bank Syariah Indonesia Tbk                          62,504,333                     --              21.11                    --
        PT Bank Rakyat Indonesia (Persero) Tbk                     62,977               601,373                0.02                 0.50
       Jumlah/ Total                                          287,256,970           121,346,712               97.00              100.00


       Saldo piutang premi dari pihak berelasi                                     Outstanding balances of premium
       tidak memiliki jaminan, tidak berbunga,                                     receivables from related party are
       dan pada umumnya berjangka waktu                                            unsecured, non-interest bearing, and
       pembayaran 30-60 hari.                                                      generally on 30-60 days terms of
                                                                                   payments.

    b. Hubungan dengan pihak-pihak berelasi                                b.      The nature of relationships with the
       adalah sebagai berikut:                                                     related parties are as follow:

               Pihak-pihak berelasi/                     Sifat hubungan/                                Sifat dari transaksi/
                  Related parties                     Nature of relationship                           Nature of transaction

       Pemerintah RI                                  Entitas induk terakhir/                             Obligasi/Bonds
                                                         Ultimate parent
       Komisaris dan direksi/                       Personil manajemen kunci/                  Beban gaji dan kesejahteraan karyawan/
       Commissioners and directors                  Key management personnel                      Salaries and employees benefits
       PT Pertamina (Persero) Tbk                         Entitas induk/                                   Obligasi/Bonds
                                                           Parent entity                       Penutupan asuransi/Insurance premium
                                                                                                      Piutang premi dan sesi/
                                                                                                  Premium and cession receivable
                                                                                                    Utang Klaim/Claim Payable
       PT Pertamina Patra Niaga             Entitas yang dikendalikan oleh entitas induk/             Piutang premi dan sesi/
                                                  Entity controlled by parent entity              Premium and cession receivable
                                                                                               Penutupan asuransi/Insurance premium
       PT Pelita Air Service                Entitas yang dikendalikan oleh entitas induk/             Piutang premi dan sesi/
       (Persero) Tbk                              Entity controlled by parent entity              Premium and cession receivable
                                                                                               Penutupan asuransi/Insurance premium
       PT Pertamina Hulu Energi             Entitas yang dikendalikan oleh entitas induk/             Piutang premi dan sesi/
                                                  Entity controlled by parent entity              Premium and cession receivable
                                                                                               Penutupan asuransi/Insurance premium




                                                             131
Page 619
PT ASURANSI TUGU PRATAMA INDONESIA TBK                               PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                     FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                   (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)

               Pihak-pihak berelasi/                       Sifat hubungan/                            Sifat dari transaksi/
                  Related parties                      Nature of relationship                        Nature of transaction
       PT Pertamina Drilling Services        Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
       Indonesia                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                                   Utang Klaim/Claim Payable
                                                                                              Penutupan asuransi/Insurance premium
       PT Pertamina Lubricants               Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Elnusa Tbk                         Entitas yang dikendalikan oleh entitas induk/               Obligasi/Bonds
                                                   Entity controlled by parent entity
       PT Perusahaan Gas Negara              Entitas yang dikendalikan oleh entitas induk/               Saham/Shares
       (Persero)                                   Entity controlled by parent entity                Piutang premi dan sesi/
                                                                                                 Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       Pertamina International               Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
       Shipping Pte Ltd                            Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Pertamina International            Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
       Shipping                                    Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Asuransi Staco Mandiri                Entitas asosiasi melalui entitas anak/               Piutang premi dan sesi/
                                                Associate entity through subsidiaries            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Patra Trading                      Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Pertamina Training & Consulting    Entitas yang dikendalikan oleh entitas induk/         Utang Klaim/Claim Payable
                                                   Entity controlled by parent entity         Penutupan asuransi/Insurance premium
       PT Pertamina Drilling Contractor      Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Kilang Pertamina Internasional     Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                                   Utang Klaim/Claim Payable
                                                                                              Penutupan asuransi/Insurance premium
       PT Kilang Pertamina Balikpapan        Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Geo Dipa Energi (Persero)          Entitas yang dikendalikan oleh entitas induk/           Piutang premi dan sesi/
                                                   Entity controlled by parent entity            Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Garuda Indonesia                       Entitas berelasi dengan Pemerintah/                 Piutang premi dan sesi/
       (Persero) Tbk                                Government - related entities                Premium and cession receivable
                                                                                              Utang Koasuransi/Coinsurance Payable
                                                                                              Penutupan asuransi/Insurance premium
       PT Freeport Indonesia Company             Entitas berelasi dengan Pemerintah/                 Piutang premi dan sesi/
                                                    Government - related entities                Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Prima Armada Raya                  Entitas yang dikendalikan oleh entitas induk/    Penutupan asuransi/Insurance premium
                                                   Entity controlled by parent entity

       PT Elnusa Petrofin Indonesia          Entitas yang dikendalikan oleh entitas induk/   Piutang koasuransi/Coinsurance receivable
                                                   Entity controlled by parent entity             Piutang reasuransi dan retrosesi/
                                                                                              Reinsurance and retrocession receivable
                                                                                              Utang Koasuransi/Coinsurance Payable
                                                                                              Penutupan asuransi/Insurance premium

       PT Asuransi Jasa Indonesia                Entitas berelasi dengan Pemerintah/                 Piutang premi dan sesi/
                                                    Government - related entities                Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Rekayasa Industri                      Entitas berelasi dengan Pemerintah/                 Piutang premi dan sesi/
                                                    Government - related entities                Premium and cession receivable
                                                                                              Penutupan asuransi/Insurance premium
       PT Asuransi Ekspor Indonesia (Asei)       Entitas berelasi dengan Pemerintah/          Utang Koasuransi/Coinsurance Payable
                                                    Government - related entities             Penutupan asuransi/Insurance premium
       PT Asuransi Dharma Bangsa                 Entitas berelasi dengan Pemerintah/          Utang Koasuransi/Coinsurance Payable
                                                    Government - related entities             Utang reasuransi/Reinsurance Payable
                                                                                              Penutupan asuransi/Insurance premium




                                                              132
Page 620
PT ASURANSI TUGU PRATAMA INDONESIA TBK                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                      AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)

              Pihak-pihak berelasi/                    Sifat hubungan/                         Sifat dari transaksi/
                 Related parties                    Nature of relationship                    Nature of transaction
       PT Asuransi Jasa Raharja Putra        Entitas berelasi dengan Pemerintah/     Utang Koasuransi/Coinsurance Payable
                                                Government - related entities        Penutupan asuransi/Insurance premium
       PT Reasuransi Indonesia               Entitas berelasi dengan Pemerintah/    Piutang koasuransi/Coinsurance receivable
       Utama (Persero)                          Government - related entities         Utang reasuransi/Reinsurance Payable
                                                                                         Piutang reasuransi dan retrosesi/
                                                                                     Reinsurance and retrocession receivable
                                                                                     Penutupan asuransi/Insurance premium
       PT Asuransi Bringin Sejahtera         Entitas berelasi dengan Pemerintah/     Utang Koasuransi/Coinsurance Payable

       Artamakmur (BSAM)                        Government - related entities         Penutupan asuransi/Insurance premium

       PT Asuransi Kredit                    Entitas berelasi dengan Pemerintah/      Utang Koasuransi/Coinsurance Payable

       Indonesia (Askrindo)                     Government - related entities         Penutupan asuransi/Insurance premium

       PT Reasuransi Nasional                Entitas berelasi dengan Pemerintah/         Piutang reasuransi dan retrosesi/

       Indonesia (Nasre)                        Government - related entities        Reinsurance and retrocession receivable
                                                                                      Utang reasuransi/Reinsurance Payable
                                                                                      Penutupan asuransi/Insurance premium
       PT BRI Asuransi Indonesia             Entitas berelasi dengan Pemerintah/            Utang Klaim/Claim Payable
                                                                                    Piutang koasuransi/Coinsurance receivable
                                                Government - related entities         Utang Koasuransi/Coinsurance Payable
                                                                                      Penutupan asuransi/Insurance premium
       PT BRI Multifinance Indonesia         Entitas berelasi dengan Pemerintah/                  Obligasi/Bonds
                                                Government - related entities                 Piutang premi dan sesi/
                                                                                         Premium and cession receivable
                                                                                      Utang reasuransi/Reinsurance Payable
                                                                                      Penutupan asuransi/Insurance premium
       PT BNI Life Insurance                 Entitas berelasi dengan Pemerintah/            Utang Klaim/Claim Payable
                                                Government - related entities         Penutupan asuransi/Insurance premium
       PT Taspen (Persero)                   Entitas berelasi dengan Pemerintah/            Utang Klaim/Claim Payable
                                                Government - related entities         Penutupan asuransi/Insurance premium
       PT Asuransi Jiwa Inhealth Indonesia   Entitas berelasi dengan Pemerintah/            Utang Klaim/Claim Payable
                                                Government - related entities         Penutupan asuransi/Insurance premium
       PT Asuransi Jiwasraya (Persero)       Entitas berelasi dengan Pemerintah/            Utang Klaim/Claim Payable
                                                Government - related entities         Penutupan asuransi/Insurance premium
       PT Mandiri Utama Finance              Entitas berelasi dengan Pemerintah/      Utang reasuransi/Reinsurance Payable
                                                Government - related entities         Penutupan asuransi/Insurance premium
       PT Bank Pembangunan Daerah            Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
       Jawa Tengah                              Government - related entities                     Obligasi/Bonds

       PT Bank Rakyat Indonesia              Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
       (Persero) Tbk                            Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Saham/Shares
                                                                                                  Obligasi/Bonds
                                                                                           Pinjaman diterima/Borrowings
       PT Bank Tabungan Negara               Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
       (Persero) Tbk                            Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Saham/Shares
                                                                                                  Obligasi/Bonds
       PT Bank Pembangunan Daerah            Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
       Jawa Barat dan Banten Tbk                Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Obligasi/Bonds
                                                                                           Pinjaman diterima/Borrowings
       PT Bank Syariah Indonesia Tbk         Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
                                                Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Obligasi/Bonds
       PT Bank Negara Indonesia              Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
       (Persero) Tbk                            Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Saham/Shares
                                                                                                  Obligasi/Bonds
                                                                                             Reksa dana/Mutual Fund
       PT Bank Mandiri (Persero) Tbk         Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
                                                Government - related entities           Deposito Berjangka/Time Deposits
                                                                                                  Saham/Shares
                                                                                                  Obligasi/Bonds
                                                                                             Reksa dana/Mutual Fund
                                                                                           Pinjaman diterima/Borrowings
       PT Bank DKI                           Entitas berelasi dengan Pemerintah/   Kas dan Setara Kas/Cash and Cash Equivalent
                                                Government - related entities           Deposito Berjangka/Time Deposits
                                                          133
Page 621
PT ASURANSI TUGU PRATAMA INDONESIA TBK                         PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                               FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                             (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                              unless otherwise stated)

              Pihak-pihak berelasi/                   Sifat hubungan/                    Sifat dari transaksi/
                 Related parties                  Nature of relationship               Nature of transaction
        PT Bank Raya Indonesia Tbk          Entitas berelasi dengan Pemerintah/   Deposito Berjangka/Time Deposits
                                               Government - related entities
        PT Bank Pembangunan                 Entitas berelasi dengan Pemerintah/   Deposito Berjangka/Time Deposits
        Daerah Jawa Timur Tbk                  Government - related entities
        PT Telkom Indonesia (Persero) Tbk   Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities               Obligasi/Bonds
        PT Aneka Tambang (Persero) Tbk      Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Wijaya Karya (Persero) Tbk       Entitas berelasi dengan Pemerintah/            Saham/Shares
        PT Semen Gresik (Persero) Tbk       Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Indocement Tunggal               Entitas berelasi dengan Pemerintah/            Saham/Shares
        Prakarsa Tbk                           Government - related entities
        PT Waskita Karya (Persero) Tbk      Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities               Obligasi/Bonds
        PT Bukit Asam Tbk                   Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Jasa Marga (Persero) Tbk         Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities               Obligasi/Bonds
        PT Adhi Karya (Persero) Tbk         Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Wijaya Karya Beton Tbk           Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Timah Tbk                        Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities               Obligasi/Bonds
        PT Pembangunan Perumahan            Entitas berelasi dengan Pemerintah/            Saham/Shares
        (Persero) Tbk                          Government - related entities
        PT Waskita Beton Precast Tbk        Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Mayora Indah (Persero) Tbk       Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Kereta Api Indonesia             Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
        (Persero) Tbk                          Government - related entities
        PT Perusahaan Listrik Negara        Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
        (Persero)                              Government - related entities
        PT Pupuk Indonesia (Persero)        Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Sarana Multigriya Finansial      Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
        (Persero)                              Government - related entities
        PT Marga Lingkar Jakarta            Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Angkasa Pura II (Persero)        Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Jasa Marga (Persero) Tbk         Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities
        PT Bank Mandiri Taspen              Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Bank Pembangunan                 Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
        Daerah Sumatera Utara                  Government - related entities
        PT Sarana Multi Infrastruktur       Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Semen Indonesia (Persero) Tbk    Entitas berelasi dengan Pemerintah/            Saham/Shares
                                               Government - related entities               Obligasi/Bonds
        Perusahaan Umum Pembangunan         Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
        Perumahan Nasional                     Government - related entities
        PT Pelabuhan Indonesia (Persero)    Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Permodalan Nasional Madani       Entitas berelasi dengan Pemerintah/           Obligasi/Bonds
                                               Government - related entities          Reksa dana/Mutual Fund
        PT Bank Ekspor Impor                Entitas berelasi dengan Pemerintah/           Obligasi/Bonds
        Indonesia (Persero)                    Government - related entities
        PT Pegadaian (Persero)              Entitas berelasi dengan Pemerintah/            Obligasi/Bonds
                                               Government - related entities
        PT Bahana TCW                       Entitas berelasi dengan Pemerintah/       Reksa dana/Mutual Fund
        Investment Management                  Government - related entities
        PT Danareksa                        Entitas berelasi dengan Pemerintah/       Reksa dana/Mutual Fund
        Investment Management                  Government - related entities
        PT Pupuk Kalimantan Timur           Entitas berelasi dengan Pemerintah/        Piutang premi dan sesi/
                                               Government - related entities       Premium and cession receivable
        PT Aneka Gas Industri Tbk                                                      Piutang premi dan sesi/
        PT Petrokimia Gresik                Entitas berelasi dengan Pemerintah/    Premium and cession receivable
                                               Government - related entities           Piutang premi dan sesi/
                                                         134
Page 622
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                  PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                              AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                         NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                        FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                      (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                       unless otherwise stated)

40.   Informasi Tambahan Arus Kas                                                        40. Additional Cash Flows Information

      Penambahan pada liabilitas yang timbul dari                                                Changes in liabilities arising from financing
      aktifitas pendanaan pada laporan arus kas                                                  activities in the cash flow statement are as
      adalah sebagai berikut:                                                                    follows:
                                    31 Desember/         Arus kas masuk/         Arus kas keluar/      Perubahan non kas/       31 Desember/
                                  December 31, 2022        Cash flow in         Outgoing cash flow     Non-cash changes       December 31, 2023
      Liabilitas sewa                       2,917,784                    --              (3,440,371)             6,717,280              6,194,693           Lease liabilities
      Pinjaman diterima                   121,346,712          246,288,544              (71,485,703)                     --           296,149,553               Borrowings
      Utang pembiayaan konsumen                                                                                                                          Consumer finance
        dan sewa pembiayaan                68,616,376                      --           (28,381,164)             5,278,681             45,513,893    and leases payables
      Utang dividen                                 --                     --          (244,362,381)           244,362,381                      --        Dividend payable


                                    31 Desember/         Arus kas masuk/         Arus kas keluar/      Perubahan non kas/       31 Desember/
                                  December 31, 2021        Cash flow in         Outgoing cash flow     Non-cash changes       December 31, 2022
      Liabilitas sewa                       6,850,134                    --              (4,807,958)               875,608              2,917,784           Lease liabilities
      Pinjaman diterima                    43,326,065          102,811,711              (24,791,064)                     --           121,346,712               Borrowings
      Utang pembiayaan konsumen                                                                                                                          Consumer finance
        dan sewa pembiayaan               158,955,645                      --           (99,272,562)             8,933,293             68,616,376    and leases payables
      Utang dividen                                 --                     --          (131,889,738)           131,889,738                      --        Dividend payable




41.   Manajemen Risiko Asuransi                                                          41. Insurance Risk Management

      Risiko asuransi                                                                            Insurance risk
      Risiko utama yang dihadapi Grup terkait                                                    The principal risk the Group faces under
      dengan kontrak asuransi adalah perbedaan                                                   insurance contracts is the difference between
      antara jumlah klaim yang terjadi, klaim yang                                               actual claims, claim payments and claim dates
      dibayarkan dan waktu terjadinya klaim                                                      compared to the ones predicted previously.
      dengan yang diprediksikan sebelumnya. Hal                                                  This is influenced by the frequency, severity of
      ini dipengaruhi oleh frekuensi, tingkat                                                    claims, actual claim paid and subsequent
      keparahan (severity) dari klaim, klaim aktual                                              development of long-term claims. Therefore,
      yang dibayarkan, dan perkembangan dari                                                     the objective of the Group is to ensure that
      klaim jangka panjang. Oleh karena itu,                                                     sufficient reserves are made to cover those
      tujuan Grup adalah untuk memastikan                                                        liabilities.
      bahwa cadangan yang dibentuk cukup untuk
      memenuhi semua liabilitas tersebut.

      Eksposur risiko yang terkait dengan kontrak                                                The risk exposure related to insurance
      asuransi dapat dimitigasi dengan melakukan                                                 contracts is mitigated by diversification of
      diversifikasi portofolio kontrak asuransi.                                                 insurance contracts portfolio. The variability of
      Keberagaman risiko diperbaiki juga melalui                                                 risks is also improved by prudent risks
      pemilihan risiko dengan hati-hati dan                                                      selection and implementation of underwriting
      implementasi dari pedoman underwriting                                                     strategy guidelines, as well as reinsurance
      serta pengaturan program reasuransi.                                                       program arrangements.

      Sebagai bagian dari program mitigasi risiko,                                               As part of its risks mitigation program, the
      Grup mempunyai proteksi reasuransi yang                                                    Group holds reinsurance protection, which is
      dialokasikan secara proporsional maupun                                                    ceded     both    proportionally    and    non-
      non-proporsional.      Sebagian      besar                                                 proportionally. The majority of proportional
      reasuransi proporsional adalah reasuransi                                                  reinsurance is quota share reinsurance with
      quota    share    yang   bertujuan    untuk                                                the purpose of reducing the risks exposure of
      mengurangi eksposur risiko Grup ke                                                         the Group to certain line of business. Whilst
      beberapa lini bisnis tertentu. Sedangkan                                                   for non-proportional reinsurance is primarily
      reasuransi non-proporsional kebanyakan                                                     excess of loss reinsurance designed to
      adalah reasuransi excess of loss yang                                                      mitigate the Group’s net exposure to
      dibentuk untuk memitigasi eksposur neto                                                    catastrophic losses. Retention limits for
      Grup terhadap kerugian katastropik. Limit                                                  excess of loss reinsurance varies depending
      retensi untuk reasuransi excess of loss                                                    on the product line and territory covered.
      berbeda-beda tergantung pada jenis produk
      dan wilayah penutupan.
                                                                                 135
Page 623
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

    Jumlah ganti rugi yang diperoleh dari                       Amounts recoverable from the reinsurers are
    reasuransi dihitung secara konsisten dengan                 estimated consistently with the outstanding
    perhitungan cadangan klaim yang belum                       claims reserves calculation and in accordance
    dibayar dan sesuai dengan kontrak                           with the agreed upon reinsurance contracts.
    reasuransi yang disepakati. Meskipun Grup                   Although the Group has reinsurance
    memiliki program reasuransi, Grup tidak                     arrangements, it is not relieved from its direct
    terbebas dari kewajiban langsungnya                         obligations to its policyholders. There are still
    kepada pemegang polis. Masih terdapat                       potential credit risks related to the reinsurers if
    risiko kredit yang potensial terkait dengan                 they are unable to meet their obligations
    pihak reasuradur jika tidak dapat memenuhi                  assumed        under        such      reinsurance
    kewajibannya      sebagaimana     ditetapkan                agreements. The Group diversified its
    dalam kontrak reasuransi. Grup melakukan                    reinsurance placement as such so to avoid
    diversifikasi       pada        penempatan                  any disruption in its operation.
    reasuransinya sedemikian rupa sehingga
    tidak menggangu kegiatan operasional.
    Grup tidak tergantung pada satu reasuradur                  The Group is not significantly dependent upon
    ataupun satu kontrak reasuransi tertentu                    any single reinsurer or reinsurance contract.
    secara signifikan.
    Jenis kontrak asuransi kerugian Grup yang                   The Group principally issues the following
    utama adalah polis asuransi pengangkutan,                   types of insurance contracts: marine cargo,
    penerbangan, rangka kapal, offshore,                        aviation, marine hull, offshore, onshore, fire,
    onshore, kebakaran, rekayasa, dan lain-lain.                engineering, and miscellaneous. Risks
    Risiko-risiko yang ditutup oleh polis asuransi              covered by loss insurance policies normally
    kerugian biasanya berjangka waktu dua                       have duration of twelve months.
    belas bulan.
    Paparan risiko di atas dimitigasi dengan                    The risk exposure above is mitigated by
    melakukan diversifikasi portofolio kontrak                  diversification across a large portfolio of
    asuransi      dalam      jumlah    besar   dan              insurance contracts and risks characteristics.
    karakteristik    risiko.    Variabilitas risiko             The variability of risks is improved by prudent
    diperbaiki dengan melakukan pemilihan                       risks selection and implementation of
    risiko secara hati-hati dan implementasi dari               underwriting strategies, which are designed to
    strategi underwriting, yang dibuat untuk                    ensure that risks are diversified in terms of
    memastikan          bahwa       risiko    telah             type of risk and level of benefits to the
    terdiversifikasi baik menurut jenis risiko                  insured. This is largely achieved through
    maupun tingkat manfaat yang diberikan ke                    diversification across industry sectors and
    tertanggung. Hal tersebut dapat dicapai                     geography.
    dengan melakukan diverisifikasi sektor
    industri dan geografis.
    Kebijakan kajian klaim yang ketat, baik                     Prudent claim review policies for new or
    terhadap perhitungan klaim baru maupun                      ongoing claims, regular detailed review of
    yang sedang terjadi, kajian detail terhadap                 claims handling procedures and routine
    prosedur penanganan klaim secara berkala                    investigation on possibility of fraudulent claims
    dan investigasi rutin terhadap kemungkinan                  are the policies and procedures put in place to
    kecurangan       dalam     klaim    asuransi                reduce the Group’s risks exposure. The Group
    merupakan kebijakan dan prosedur yang                       further enforces to actively manage and
    ditetapkan untuk menurunkan eksposur                        promptly follows up claims, in order to reduce
    risiko Grup. Grup juga menerapkan                           its risks to unpredictable developments that
    kebijakan untuk secara aktif mengelola dan                  can negatively impact the business. In
    menindaklanjuti klaim agar menurunkan                       projecting its insurance contract’s liabilities,
    risiko terhadap perkembangan yang tidak                     the Group has taken into account expected
    terprediksi yang berdampak negatif bagi                     inflation to mitigate any inflation risk.
    bisnis. Di dalam memproyeksikan liabilitas
    kontrak    asuransi Grup,       Grup   telah
    memasukkan asumsi tingkat inflasi untuk
    memitigasi risiko inflasi.
                                                      136
Page 624
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    Grup juga menekan penyebaran risiko                       The Group also suppressed the risk
    dengan menetapkan nilai maksimum klaim                    expansion by imposing maximum claim limit
    untuk kontrak asuransi tertentu dan                       for certain insurance risks and preparing
    menyusun      program     reasuransi   untuk              reinsurance arrangements as to limit its risks
    membatasi      risiko   terhadap   eksposur               on catastrophic exposure, such as damages
    katastropik, seperti kerusakan akibat badai,              from hurricane, earthquake and floods.
    gempa bumi dan banjir.

    Tujuan dari strategi underwriting dan                     The purpose of these underwriting and
    reasuransi ini adalah untuk membatasi                     reinsurance strategies is to limit exposure to
    eksposur risiko katastropik, yang didasarkan              catastrophies based on the Group’s risk
    pada tingkat toleransi Grup terhadap risiko               appetite as decided by Management. The
    sesuai dengan arahan Manajemen. Tujuan                    overall aim is currently to suppress the impact
    utamanya adalah untuk menekan dampak                      of a single catastrophic event to approximately
    dari kejadian katastropik tunggal hingga                  50% of equity on gross basis and 10% on net
    mendekati 50% dari ekuitas secara kotor                   basis.
    dan 10% secara neto.

    Pada kejadian katastropik, eksposur untuk                 In the catastrophic event, the exposure to a
    satu reasuradur diproyeksikan tidak lebih                 single reinsurer is estimated not to exceed 2%
    dari 2% dari ekuitas. Manajemen dapat                     of the equity. The Management may decide to
    memutuskan untuk meningkatkan atau                        increase or decrease the maximum limit
    menurunkan tingkat toleransi maksimum                     based on market conditions and other factors.
    berdasarkan kondisi pasar atau faktor
    lainnya.

    Tabel berikut ini menyajikan konsentrasi                  The following table presents the concentration
    liabilitas kontrak asuransi yang terdiri atas             of insurance contract liabilities which consist
    estimasi klaim dan cadangan premi yang                    of estmated claims and unearned premium
    belum merupakan pendapatan dan liabilitas                 reserves and liability for future policy benefits
    manfaat polis masa depan berdasarkan jenis                by type of contract:
    kontrak:
                                           31 Desember/December 31, 2023
                                  Bruto/            Reasuransi/             Neto/
                                  Gross            Reinsurance              Net

     Offshore                       655,643,608       (558,901,611)           96,741,997               Offshore
     Kebakaran                    4,567,605,758     (3,418,749,243)        1,148,856,515                    Fire
     Rangka kapal                   863,920,979       (544,931,473)          318,989,506             Marine hull
     Pengangkutan                   207,861,119        (88,831,128)          119,029,991           Marine cargo
     Rekayasa                     1,303,539,081     (1,054,411,690)          249,127,391            Engineering
     Penerbangan                    910,910,328       (824,012,539)           86,897,789                Aviation
     Onshore                        144,897,291        (90,600,745)           54,296,546               Onshore
     Lainnya                      2,493,156,857       (681,621,181)        1,811,535,676          Miscellaneous
     Jumlah                      11,147,535,021     (7,262,059,610)        3,885,475,411                   Total




                                                    137
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

                                            31 Desember/December 31, 2022
                                   Bruto/            Reasuransi/             Neto/
                                   Gross            Reinsurance              Net

      Offshore                    1,208,395,803      (1,051,631,676)          156,764,127               Offshore
      Kebakaran                   4,536,672,546      (3,698,760,877)          837,911,669                    Fire
      Rangka kapal                  724,208,483        (439,991,802)          284,216,681             Marine hull
      Pengangkutan                  266,579,512         (71,531,913)          195,047,599           Marine cargo
      Rekayasa                      476,542,876        (259,097,875)          217,445,001            Engineering
      Penerbangan                   308,347,407        (238,957,689)           69,389,718                Aviation
      Onshore                       313,998,263        (221,499,030)           92,499,233               Onshore
      Lainnya                     1,962,507,154        (679,039,234)        1,283,467,920          Miscellaneous
      Jumlah                      9,797,252,044      (6,660,510,096)        3,136,741,948                   Total




42.   Manajemen Risiko Keuangan                            42. Financial risk Management

      Asumsi utama                                             Main assumptions
      Asumsi utama yang menjadi dasar dalam                    The principal assumption in calculating the
      perhitungan estimasi kewajiban klaim yaitu               claim Reserve estimations is that the Group’s
      bahwa pembentukan klaim masa depan                       future claims development will follow a similar
      Grup akan memiliki pola yang sama dengan                 pattern to historical claims development.
      pembentukan klaim yang terjadi di masa                   Additional qualitative judgments are used to
      lampau. Pertimbangan kualitatif tambahan                 assess the extent to which historical trends
      digunakan untuk memperkirakan tingkat di                 may not apply in the future, for example:
      mana tren masa lampau tidak akan terulang                specific one off occurrence, changes in
      lagi di masa depan, misalnya; kejadian                   market factors such as public attitude to
      khusus yang hanya terjadi sekali, perubahan              insurance claims, economic conditions, as
      yang terjadi di pasar seperti sikap                      well as internal factors such as portfolio mix,
      masyarakat terhadap klaim, kondisi ekonomi               policy terms and conditions, and claims
      maupun faktor internal seperti campuran                  handling procedures.
      portofolio, syarat dan ketentuan polis, dan
      prosedur penanganan klaim.

      Analisis sensitivitas                                    Sensitivity analysis
      Pertimbangan lebih lanjut digunakan untuk                Further justification is required to assess the
      menghitung tingkat di mana faktor eksternal              extent to which external factors such as
      seperti keputusan peradilan dan peraturan                judicial decisions and government regulations
      pemerintah yang memengaruhi estimasi                     affect the claim estimates.
      besaran klaim.

      Kondisi    utama     yang     memengaruhi                Other key conditions affecting the reliability of
      keandalan dari asumsi yang digunakan                     assumption used are loss ratio, delay in
      adalah rasio kerugian, keterlambatan dalam               settlement and changes in foreign currency
      penyelesaian dan perubahan nilai tukar mata              exchange rates.
      uang asing.

      Estimasi klaim sensitif terhadap asumsi                  Estimated claims are sensitive to the key
      utama yang mengikuti. Analisis berikut                   assumptions that follow. The following
      dilakukan untuk perubahan yang mungkin                   analysis is performed for reasonably possible
      terjadi pada asumsi utama dengan semua                   movements in key assumptions with all other
      asumsi lainnya tetap konstan, yang                       assumptions held constant, showing the
      menunjukkan pengaruh terhadap laba                       impact on income before income tax expense
      sebelum beban pajak penghasilan Grup                     of the Group (unaudited):
      (tidak diaudit):


                                                     138
Page 626
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

                                                               Pengaruh
                                        Perubahan           terhadap laba
                                        persentase/        sebelum pajak/
                                        Percentage            Impact on
                                          change           income before
     31 Desember 2023                                                                      December 31, 2023
     Perseroan                                                                                   The Company
     Rasio klaim                          +/-5%             +-12.803.438                            Claim ratio
     31 Desember 2022                                                                      December 31, 2022
     Perseroan                                                                                   The Company
     Rasio klaim                          +/-5%             +-12.566.397                            Claim ratio

    Aktivitas Grup mengandung berbagai                       The Group’s activities expose it to a variety of
    macam risiko keuangan: risiko nilai tukar                financial risks: foreign exchange risk, credit
    mata uang asing, risiko kredit dan risiko                risk and liquidity risk. The core functions of the
    likuiditas. Fungsi utama dari manajemen                  Group’s risk management are to identify all
    risiko Grup adalah untuk mengidentifikasi                key risks for the Group, measure these risks,
    seluruh risiko kunci, mengukur risiko                    manage the risk positions and determine
    tersebut, mengelola posisi risiko dan                    capital allocations. The Group regularly
    menentukan alokasi modal. Grup secara                    reviews its risk management policies and
    rutin menelaah kebijakan dan sistem                      systems to reflect changes in market,
    manajemen risiko untuk menyesuaikan                      products and best market practice.
    dengan perubahan di pasar, produk, dan
    praktek pasar terbaik.

    Risiko pasar                                             Market risk
    Risiko nilai tukar mata uang asing                       Foreign exchange risk
    Grup menghadapi risiko nilai tukar mata                  The Group is exposed to foreign currency risk
    uang asing sehubungan dengan aset dan                    in connection with monetary asset and
    liabilitas moneter yang diakui dalam mata                liabilites which are recognize in different
    uang yang berbeda dengan mata uang                       currency with the entity’s functional currency.
    fungsional entitas yang bersangkutan.

    Volatilitas yang timbul dari perubahan nilai             The volatility arising from changes in foreign
    tukar mata uang asing umumnya dikelola                   currency exchange rates is generally
    dengan mencocokkan liabilitas dan aset                   managed by matching liabilities and assets
    dengan nilai tukar yang sama sehingga                    with the same exchange rates so as to ensure
    memastikan bahwa setiap eksposur mata                    that any foreign currency exposure is
    uang asing diminimalkan. Liabilitas asuransi             minimized. The insurance liabilities and other
    dan liabilitas Grup lainnya dalam mata uang              liabilities of the Group that are denominated in
    asing yang utama adalah dalam Dolar AS                   foreign currencies are primarily in US Dollar
    yang akan dicocokkan dengan aset dalam                   which are matched by assets in Rupiah thus
    Rupiah sehingga mengurangi risiko mata                   reducing currency risk.
    uang asing.

    Tabel di bawah ini mengikhtisarkan aset dan              The table below summarized the Group’s
    liabilitas keuangan yang menghadapi risiko               financial assets and liabilities which are
    nilai tukar mata uang asing:                             exposed to foreign exchange risk:




                                                   139
Page 627
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)
                                                         31 Desember/December 31, 2023
                                                                                                 Lain-lain/
                                         USD)              HKD)               GBP)                Others)

     Aset keuangan                                                                                                                       Financial assets
     Kas dan bank                       264,083,847            105,983            692,537            2,401,079                 Cash on hand and in banks
     Deposito berjangka                 739,379,967        120,400,056         19,560,970           25,555,476                              Time deposits
     Efek-efek                                                                                                                       Marketable securities
     - Obligasi                          370,013,349                   --                --                  --                                    Bonds -
     - Saham                                       --        49,883,078                  --                  --                                   Shares -
     Piutang premi dan reasuransi      1,476,841,885          12,099,146                 --         19,659,469            Premium and cession receivables
     Piutang reasuransi dan retosesi                                                                                                    Reinsurance and
       retrosesi                        575,493,106           7,935,025                  --         33,287,927                  retrocession receivables
     Piutang koasuransi                 415,404,349                    --                --            363,456                    Coinsurance receivables
     Jumlah                            3,841,216,503         190,423,288        20,253,507           81,267,407                                      Total
     Liabilitas keuangan                                                                                                              Financial liabilities
     Utang reasuransi dan retrosesi    1,641,246,425          10,331,745                 --       112,154,477       Reinsurance and retrocession payables
     Utang koasuransi                     18,665,896              7,058            15,293               1,120                      Coinsurance payables
     Utang komisi                         25,891,820                   --                --           373,110                       Commission payables
     Utang klaim                          47,173,806          1,776,190           108,719           6,977,915                              Claim payables
     Jumlah                             1,732,977,947         12,114,993           124,012         119,506,622                                       Total
     Jumlah - Neto                     2,108,238,556         178,308,295        20,129,495         (38,239,215)                                 Total - Net



                                                         31 Desember/December 31, 2022
                                                                                                 Lain-lain/
                                         USD)              HKD)               GBP)                Others)

     Aset keuangan                                                                                                                        Financial assets
     Kas dan bank                        71,428,199              45,793           750,207            2,395,795                  Cash on hand and in banks
     Deposito berjangka                 559,590,513          75,148,669        19,962,895           25,615,562                               Time deposits
     Efek-efek                                                                                                                        Marketable securities
     - Obligasi                          408,703,758                   --                --                   --                                   Bonds -
     - Saham                                        --       68,722,587                  --                   --                                   Shares -
     - Reksadana                           8,005,230                   --                --                   --                             Mutual funds -
     Piutang premi dan sesi            1,454,889,694                   --                --          6,672,184            Premium and cession receivables
     Piutang reasuransi dan retosesi     366,387,647             47,043                  --         17,085,838     Reinsurance and retrocrssion receivables
     Piutang koasuransi                  131,134,908                   --                --             21,444                    Coinsurance receivables
     Jumlah                             3,000,139,949        143,964,092        20,713,102           51,790,823                                       Total
     Liabilitas keuangan                                                                                                              Financial liabilities
     Utang reasuransi dan retrosesi    1,347,930,610                   --                --          7,732,078      Reinsurance and retrocession payables
     Utang koasuransi                     14,707,943              1,145            14,648               11,182                     Coinsurance payables
     Utang komisi                         19,151,191                   --                --            413,421                      Commission payables
     Utang klaim                          32,135,428          1,282,926            55,912           43,640,240                             Claim payables
     Jumlah                             1,413,925,172          1,284,071            70,560           51,796,921                                      Total
     Jumlah - Neto                     1,586,214,777         142,680,021        20,642,542               (6,098)                                Total - Net



    Sensitivitas Grup terhadap mata uang asing                                The Group's sensitivity on foreign currencies
    diperhitungkan     dengan     menggunakan                                 is determined using the Net Open Position
    informasi Posisi Devisa Neto yang                                         that translated into the Group's functional
    information ditranslasikan ke dalam mata                                  currency which is Rupiah.
    uang fungsional Grup, yaitu Rupiah.

                                             Pengaruh pada laba rugi sebelum pajak/
                                                 Impact on profit loss before tax
                                             Peningkatan/                 Penurunan/
                                             Increase by                 Decrease by
                                                  5%                          5%
     31 Desember 2023                           67,661,224                                    (67,661,224)                    December 31, 2023
     31 Desember 2022                           87,086,882                                    (87,086,882)                    December 31, 2022

    Risiko tingkat bunga                                                      Interest rate risk
    Risiko tingkat bunga adalah risiko yang                                   Interest rate risk is risk relating primarily to
    timbul dari fluktuasi suku bunga pasar atas                               fluctuation of interest rate on interest- earning
    aset dan liabilitas keuangan. Manajemen                                   financial    assets     and     liabilities. The
    mengelola risiko tersebut dengan cara                                     Management manages the exposure by
    membentuk        komite    investasi  untuk                               closely monitoring the portfolio of investment
    mengawasi        secara     seksama    dan                                through the setup of investment committee to
    mengembangkan portofolio investasi.                                       diversify the investment portfolio.

    Pada tanggal 31 Desember 2023 dan 2022                                    As of 31 December 31, 2023 and 2022, most
    sebagian besar aset keuangan dan liabilitas                               of the Group’s financial assets and financial
    keuangan Grup adalah tidak dikenakan                                      liabilities are non-interest bearing or fixed
    bunga atau berbunga tetap.                                                interest rate.
                                                                 140
Page 628
PT ASURANSI TUGU PRATAMA INDONESIA TBK                    PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                          FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                        (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                         unless otherwise stated)

    Instrumen dengan tingkat suku bunga                       Floating rate instruments expose the Group to
    mengambang menimbulkan risiko arus kas                    cash flow interest rate risk whereas fixed
    tingkat suku bunga terhadap arus kas,                     interest rate instruments expose the Group to
    sedangkan instrumen dengan tingkat suku                   fair value interest rate risk.
    bunga tetap menimbulkan risiko nilai wajar
    tingkat suku bunga terhadap Grup.

    Analisis sensitivitas di bawah ini ditentukan             The sensitivity analysis below had been
    berdasarkan eksposur suku bunga terhadap                  determined based on the exposure of the
    aset keuangan dan liabilitas keuangan yang                financial asset and financial liabilities to
    menggunakan suku bunga mengambang                         floating interest rates as of December 31,
    pada 31 Desember 2023 dan 2022. Analisis                  2023 and 2022. The analysis is prepared
    ini disajikan dengan asumsi saldo aset                    assuming the amount of the financial assets
    keuangan dan liabilitas keuangan pada akhir               and financial liabilities outstanding at the end
    periode pelaporan masih beredar sepanjang                 of the reporting period was outstanding for the
    tahun.                                                    whole year.

    Jika suku bunga mengalami perubahan 100                   If interest rate had been 100 basis points
    basis poin lebih tinggi (rendah) dan variabel             higher (lower) and the other variable held
    lain konstan, laba sebelum pajak Grup pada                constant, the Group profit before tax as of
    31 Desember 2023 dan 2022 akan                            December 31, 2023 and 2022 would increase
    mengalami       peningkatan      (penurunan)              (decrease)      by    Rp28,554,099      and
    masing-masing sebesar Rp28.554.099 dan                    Rp50,940,643, respectively.
    Rp50.940.643 .

    Risiko harga                                              Price risk
    Grup menghadapi risiko harga yang berasal                 The Group is exposed to price risk because of
    dari investasi dalam efek-efek yang tersedia              investment in available-for-sale marketable
    untuk dijual yang memengaruhi bagian                      securities that has impact in equity section
    ekuitas, dan efek-efek yang diukur pada nilai             and investment in fair value through profit or
    wajar melalui laba rugi yang memengaruhi                  loss that has impact in the consolidated profit
    laba rugi konsolidasian.                                  or loss.

    Grup tidak melakukan lindung nilai terhadap               The Group does not hedge available-for-sale
    investasi tersedia untuk dijual dan investasi             investments and fair value through profit or
    diukur pada nilai wajar melalui laba rugi.                loss investment. The performance of the
    Kinerja investasi kategori tersedia untuk                 Group’s available-for-sale investments are
    dijual Grup dimonitor secara periodik,                    monitored periodically, together with a regular
    bersamaan dengan pengujian relevansi                      assessment of their relevance to the Group’s
    instrumen investasi tersebut terhadap                     long term strategic plans.
    rencana strategis jangka panjang Grup.

    Risiko likuiditas                                         Liquidity risk
    Grup terekspos atas kegiatan harian atas                  The Group is exposed to daily calls on its
    ketersediaan sumber kas terutama dari                     available cash resources mainly from claims
    klaim-klaim yang terjadi atas kontrak                     arising from short-term insurance contract.
    asuransi jangka pendek. Risiko likuiditas                 Liquidity risk is the risk that cash may not be
    adalah risiko dimana kas tidak tersedia untuk             available to pay obligation when due. This risk
    memenuhi liabilitas di saat jatuh tempo.                  has been minimized by managing the maturity
    Risiko ini diminimalisasi dengan mengelola                profile of financial liabilities and ensuring the
    profil jatuh tempo liabilitas keuangan dan                availability of funding from matured premium
    memastikan tersedianya pendanaan dari                     receivable and investment portfolio and taking
    sejumlah piutang premi dan investasi yang                 time deposits as the Group major investment.
    jatuh tempo serta memiliki deposito
    berjangka sebagai investasi terbesar Grup.


                                                    141
Page 629
PT ASURANSI TUGU PRATAMA INDONESIA TBK                         PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                     AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                               FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                             (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                              unless otherwise stated)

    Sebagian besar ketersediaan dana Grup                              Most of the Group available funds are placed
    ditempatkan pada deposito berjangka yang                           in time deposit spread over various maturity
    tersebar dalam berbagai tanggal jatuh tempo                        dates within a period. The policy of keeping
    di dalam periode berjalan. Kebijakan untuk                         investment in liquid funds helps to meet any
    menjaga investasi pada dana yang likuid                            unexpected liquidity requirement.
    dapat membantu kebutuhan likuiditas yang
    tidak terduga.

    Tabel di bawah ini menunjukan sisa jatuh                           The table below shows the remaining
    tempo kontraktual dari liabilitas keuangan                         contractual maturities of the Group’s financial
    Grup.                                                              liabilities.

                                                 31 Desember/December 31, 2023
                                      Kurang dari         Lebih dari
                                        1 tahun/           1 tahun/
                                       Less than          More than            Jumlah/
                                         1 year             1 year              Total
     Liabilitas keuangan                                                                                        Financial liabilities
     Utang reasuransi dan retrosesi    1,641,695,843          250,037,544     1,891,733,387   Reinsurance and retrocession payables
     Utang komisi                         57,217,856           10,154,225        43,569,121                   Commission payables
     Utang klaim                         313,786,300                    --      313,786,300                          Claim payables
     Utang koasuransi                     57,307,331           16,254,895        73,562,226                  Coinsurance payables
     Beban akrual                        290,477,838                    --      290,477,838                       Accrued expenses
     Utang lain-lain                     270,437,331                    --      270,437,331                          Other payables
     Pinjaman diterima                    79,626,066          216,523,487       296,149,553                              Borrowings
     Utang pembiayaan konsumen                                                                               Consumer finance and
       dan sewa pembiayaan                28,508,539           17,005,354        45,513,893                       leases payables
     Jumlah                            2,739,057,104          509,975,505     3,225,229,649                                    Total


                                                 31 Desember/December 31, 2022
                                      Kurang dari         Lebih dari
                                        1 tahun/           1 tahun/
                                       Less than          More than            Jumlah/
                                         1 year             1 year              Total
     Liabilitas keuangan                                                                                        Financial liabilities
     Utang reasuransi dan retrosesi    1,413,095,994           47,990,218     1,461,086,212   Reinsurance and retrocession payables
     Utang komisi                         32,859,510                    --       32,859,510                   Commission payables
     Utang klaim                         128,050,105            1,005,645       129,055,750                          Claim payables
     Utang koasuransi                     43,745,735            3,142,214        46,887,949                  Coinsurance payables
     Beban akrual                        137,516,459                    --      137,516,459                       Accrued expenses
     Utang lain-lain                     263,685,403                    --      263,685,403                          Other payables
     Pinjaman diterima                    48,024,955           73,321,757       121,346,712                              Borrowings
     Utang pembiayaan konsumen                                                                               Consumer finance and
       dan sewa pembiayaan                53,076,603           15,539,773        68,616,376                       leases payables
     Jumlah                            2,120,054,764          140,999,607     2,261,054,371                                    Total



    Risiko investasi                                                   Investment risk
    Risiko investasi adalah risiko yang mungkin                        Investment risk is the risk that may occur due
    terjadi karena penempatan dana untuk                               to the placement of funds for investment
    tujuan investasi antara lain berupa:                               purposes, such as:
    - Risiko fluktuasi harga saham di bursa.                           -    The risk of stock price fluctuations.
    - Risiko tidak dapat ditariknya kembali dana                       -    The risk that funds placed by the
        yang ditempatkan akibat Perseroan                                   Company can not be withdrawn because
        dimana dana tersebut ditempatkan tidak                              institutions in which the funds were
        dapat melakukan pembayaran kembali.                                 placed cannot make the repayment.

    Grup menempatkan dana investasi pada                               The Group places invesment funds in
    instrumen     investasi  berupa      deposito,                     investment instruments in the form of
    obligasi, reksa dana, saham di pasar modal,                        deposits, bonds, mutual funds, shares in the
    penyertaan langsung, maupun investasi                              capital market,       direct   investment, or
    berupa surat utang jangka menengah.                                investment in the form of medium term notes.
    Dalam       pengendalian     risiko,    Grup                       In controlling the risks, the Group adheres to
    berpedoman pada ketentuan pemerintah                               government regulations relating to the
    mengenai kesehatan keuangan perusahaan                             financial health of the insurance and

                                                        142
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)

    asuransi dan reasuransi yang tercantum                       reinsurance companies stated in the
    dalam Peraturan Otoritas Jasa Keuangan                       Regulation of Authority of Financial Service
    No.71/POJK.05/2016 untuk konvensional                        No.71/POJK.05/2016 for conventional and
    dan No.72/POJK.5/2016 untuk syariah yang                     No.72/POJK.5/2016 for sharia which, among
    antara lain mengatur jenis investasi yang                    others, regulates the types of investments
    diperkenankan.                                               allowed.

    Risiko solvabilitas                                          Solvability risk
    Risiko      solvabilitas      yaitu     risiko               Solvability risk is the risk of the Company
    ketidakmampuan        Perseroan     memenuhi                 inability to meet solvency as required by the
    tingkat solvabilitas seperti yang disyaratkan                Government, in accordance with the
    oleh pemerintah sesuai dengan Peraturan                      Regulation of Authority of Financial Service
    Otoritas      Jasa        Keuangan        No.                No.71/POJK.05/2016 for conventional and
    71/POJK.05/2016 untuk konvensional dan                       No.72/POJK.5/2016 for sharia, whereby
    No. 72/POJK.5/2016 untuk syariah dimana                      failure to comply with the regulation may result
    jika tidak memenuhi ketentuan tersebut                       in termination of business operations. To
    dapat berakibat dihentikannya kegiatan                       manage this risk, the Company must always
    operasi Perseroan. Untuk mengelola risiko                    maintain the quality of assets that can be
    ini, Perseroan harus selalu menjaga agar                     regarded as assets that are allowed. Thus,
    kualitas aset dapat diperhitungkan sebagai                   resulting solvency calculation can satisfy
    aset yang diperkenankan. Sehingga, hasil                     applicable regulation.
    perhitungan solvabilitas dapat memenuhi
    ketentuan yang berlaku.

    Pada tanggal 31 Desember 2023 dan 2022,                      As of December 31, 2023 and 2022, the
    rasio   pencapaian      solvabilitas untuk                   Company’s     solvency    for conventional
    konvensional Perseroan melebihi rasio                        exceeded the minimum solvency margin
    minimum yang dipersyaratkan peraturan                        requirements (unaudited).
    yang berlaku (tidak diaudit).

                                             2023                   2022
                                              Rp                     Rp
     Tingkat solvabilitas                                                                         Solvency margin
     Kekayaan yang diperkenankan          14,021,034,174         11,694,316,946                    Admitted assets
     Liabilitas                           (9,351,637,448)        (7,754,871,079)                         Liabilities
     Jumlah tingkat solvabilitas            4,669,396,726         3,939,445,867              Total solvency margin

     Risiko kredit                           417,617,003            391,182,497                          Credit risk
     Risiko likuiditas                                  --                    --                       Liquidity risk
     Risiko pasar                            237,885,502            233,605,891                         Market risk
     Risiko asuransi                         219,059,324            208,859,024                      Insurance risk
     Risiko operasional                         5,853,224             4,501,459                     Operational risk
     Batas tingkat solvabilitas minimum      880,415,053            838,148,871          Minimum solvency margin

     Jumlah batas tingkat solvabilitas     3,788,981,673          3,101,296,996      Total exess of solvency margin

     Rasio pencapaian solvabilitas               530.36%               470.02%              Solvency ratio attained


    Risiko kredit                                                Credit risk
    Grup terekspos atas risiko kredit dimana                     The Group is exposed to credit risk which is
    terdapat kemungkinan terjadinya penurunan                    the possibility that the value of receivable or
    nilai atas piutang atau aset keuangan                        other financial assets being impaired because
    lainnya yang dikarenakan pihak ketiga tidak                  the counterparties cannot meet their payment
    dapat memenuhi pembayaran atau liabilitas                    or other performance obligations.
    lainnya.



                                                     143
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

    Reasuransi dilakukan untuk mengelola risiko                Reinsurance is issued to manage insurance
    asuransi. Hal ini tidak menghilangkan                      risk. This does not discharge the Group’s
    liabilitas Grup sebagai penjamin utama                     liability as primary insurer in which if reinsurer
    apabila reasuradur tidak mampu membayar                    fails to pay a claim for any reason whatsoever,
    klaim dengan alasan apapun, Grup tetap                     the Group remains liable for the payment to
    mempunyai liabilitas atas pembayaran                       the policyholder. The creditworthiness of
    kepada pemegang polis. Kredibilitas para                   reinsurers is considered on an annual basis
    reasuradur dipertimbangkan setiap tahun                    by reviewing their financial strength prior to
    dengan memeriksa kekuatan keuangan                         finalisation of any contract.
    sebelum finalisasi dari setiap kontrak.

    Komite manajemen risiko menilai kredibilitas               Risk management committee assesses the
    dari setiap reasuradur dan perantara dengan                creditworthiness of all reinsurers and
    memeriksa nilai kredit yang disediakan oleh                intermediaries by reviewing credit grade
    biro penilai dan informasi keuangan publik                 provided by rating agencies and other publicly
    lainnya. Komite juga memeriksa rincian                     available financial information. The committee
    pembayaran historis dan status dari setiap                 also reviews details of recent payment history
    negosiasi antara Grup dan pihak ketiga.                    and the status of any ongoing negotiations
    Informasi       ini    digunakan       untuk               between the Group and these third parties.
    memperbaharui        strategi     kerjasama                This information is used to update the
    reasuradur apabila diperlukan.                             reinsurance purchasing strategy whenever
                                                               necessary.

    Grup mengelola catatan pembayaran dari                     The Group maintains record of the payment
    pemegang kontrak yang signifikan dimana                    history for significant contract holders with
    Grup melakukan bisnis yang konstan.                        whom they conduct regular business.
    Paparan atas pemegang polis perorangan                     Exposure to individual and group policy
    dan grup dikumpulkan di dalam proses                       holders are collected within ongoing
    pengawasan berkelanjutan dalam laporan                     monitoring control in a weekly report.
    mingguan.

    Dalam investasi keuangan, Grup hanya                       In financial investment, the Group is engaging
    melakukan transaksi dengan rekan bisnis                    in transactions only with business partners
    dan bank yang memiliki nilai dan/atau                      and banks with good ratings and/or reputation.
    reputasi yang baik. Saldo bank ditempatkan                 Bank balances are placed in various banks
    pada berbagai bank dengan kondisi                          with strong financial positions. The Group
    keuangan yang sehat. Grup beranggapan                      considers the credit risk of such banks is low.
    bahwa risiko kredit atas setiap bank tersebut
    rendah.

    Tabel di bawah ini menggambarkan                           The tables below describe the Group’s
    eksposur maksimum risiko kredit dan                        maximum credit risk exposure and risk
    konsentrasi risiko yang dimiliki Grup pada                 concentration as of December 31, 2023 and
    tanggal 31 Desember 2023 dan 2022.                         2022. The maximum exposure is recorded
    Eksposur maksimum dicatat berdasarkan                      based on net carrying value recorded in
    nilai tercatat neto yang dilaporkan di laporan             consolidated statement of financial position.
    posisi keuangan konsolidasian.




                                                     144
Page 632
PT ASURANSI TUGU PRATAMA INDONESIA TBK                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                        unless otherwise stated)

                                           31 Desember/December 31, 2023
                                                                         Eksposur
                                                                        maksimum/
                                  Korporasi/        Pemerintah/         Maximum
                                  Corporate         Government          exposure

     Aset keuangan                                                                                         Financial assets
     Kas di bank                    234,749,322         303,107,902           537,857,224        Cash on hand and in banks
     Deposito berjangka             531,190,486       2,548,909,034         3,080,099,520                     Time deposits
     Efek-efek                                                                                         Marketable securities
     - Obligasi                      376,102,319      4,547,337,890         4,923,440,209                             Bonds -
     - Saham                         141,960,411        126,713,546           268,673,957                            Shares -
     - Reksadana                     600,512,179        424,488,483         1,025,000,662                     Mutual funds -
     Penyertaan langsung              36,254,223                  --           36,254,223                 Direct participation
     Piutang premi dan sesi        1,251,663,070        684,887,484         1,936,550,554   Premium and cession receivables
     Piutang koasuransi              295,951,080        143,420,266           439,371,346           Coinsurance receivables
     Piutang reasuransi dan                                                                               Reinsurance and
       retrosesi                     540,170,471        215,002,738           755,173,209         retrocession receivables
     Piutang lain-lain               273,065,267                  --          273,065,267                  Other receivables
     Aset lain-lain                  230,264,366        146,269,248           376,533,614                       Other assets
                                   4,281,618,828      8,993,867,343        13,652,019,785
     Dikurangi:                                                                                                        Less:
     Penyisihan kerugian                                                                            Allowance for impairment
       penurunan nilai                                                      (347,810,198)                           losses
     Neto                                                                  13,304,209,587                                Net



                                           31 Desember /December 31, 2022
                                                                         Eksposur
                                                                        maksimum/
                                  Korporasi/        Pemerintah/          Maximum
                                  Corporate        Government            exposure

     Aset keuangan                                                                                         Financial assets
     Kas di bank                     74,295,961         534,690,138           608,986,099        Cash on hand and in banks
     Deposito berjangka             270,888,159       1,565,826,313         1,836,714,472                     Time deposits
     Efek-efek                                                                                         Marketable securities
     - Obligasi                      344,315,492      3,509,041,974         3,853,357,466                             Bonds -
     - Saham                         191,145,459        145,365,491           336,510,950                            Shares -
     - Reksadana                     753,749,172        198,444,979           952,194,151                     Mutual funds -
     Penyertaan langsung              36,918,151                  --           36,918,151                 Direct participation
     Piutang premi dan sesi        1,793,295,891        371,849,700         2,165,145,591   Premium and cession receivables
     Piutang koasuransi              106,108,521         54,600,728           160,709,249           Coinsurance receivables
     Piutang reasuransi dan                                                                               Reinsurance and
       retrosesi                     370,978,210        102,611,817        473,590,027            retrocession receivables
     Piutang lain-lain               221,956,316                  --       221,956,316                     Other receivables
     Aset lain-lain                  147,558,531                  --       147,558,531                          Other assets
                                   4,163,651,332      6,482,431,140     10,793,641,003
     Dikurangi:                                                                                                        Less:
     Penyisihan kerugian                                                                            Allowance for impairment
       penurunan nilai                                                   (360,682,050)                              losses
     Neto                                                               10,432,958,953                                   Net


    Konsentrasi risiko kredit Grup berdasarkan                    The Group’s concentration of credit risk based
    kualitas aset keuangan adalah sebagai                         on quality of financial assets are as follows:
    berikut:




                                                   145
Page 633
PT ASURANSI TUGU PRATAMA INDONESIA TBK                               PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                           AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                      NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                     FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                   (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)

                                                  31 Desember/December 31, 2023
                                   Belum           Telah jatuh
                                jatuh tempo           tempo
                                 atau tidak        tetapi tidak
                                 mengalami         mengalami
                              penurunan nilai/     penurunan        Mengalami
                                   Neither             nilai/       penurunan
                                  past due        Past due but         nilai/             Jumlah/
                               nor impaired       not impaired       Impaired              Total

     Aset keuangan                                                                                                       Financial assets
     Kas di bank                    537,857,224                 --                  --      537,857,224        Cash on hand and in banks
     Deposito berjangka           3,080,099,520                 --                  --    3,080,099,520                     Time deposits
     Efek-efek                                                                                                       Marketable securities
     - Obligasi                   4,777,724,746                --         145,715,463     4,923,440,209                             Bonds -
     - Saham                        268,673,957                --                   --      268,673,957                            Shares -
     - Reksadana                  1,025,000,662                --                   --    1,025,000,662                     Mutual funds -
     Penyertaan langsung             36,254,223                --                   --       36,254,223                 Direct participation
     Piutang premi dan sesi       1,497,022,274      362,008,506           77,519,774     1,936,550,554   Premium and cession receivables
     Piutang koasuransi             243,573,301      179,305,623           16,492,422       439,371,346           Coinsurance receivables
     Piutang reasuransi dan                                                                                              Reinsurance and
       retrosesi                    105,294,386       550,299,648          99,579,175       755,173,209         retrocession receivables
     Piutang lain-lain              266,796,478                 --          6,268,789       273,065,267                  Other receivables
     Aset lain-lain                 374,299,039                 --          2,234,575       376,533,614                       Other assets
                                 12,212,595,810     1,091,613,777         347,810,198    13,652,019,785
     Dikurangi:                                                                                                                      Less:
     Penyisihan kerugian                                                                                          Allowance for impairment
     penurunan nilai                                                                      (347,810,198)                             losses
     Neto                                                                                13,304,209,587                                Net



                                                  31 Desember/December 31, 2022
                                   Belum           Telah jatuh
                                jatuh tempo           tempo
                                 atau tidak        tetapi tidak
                                 mengalami         mengalami
                              penurunan nilai/     penurunan        Mengalami
                                   Neither             nilai/       penurunan
                                  past due        Past due but         nilai/             Jumlah/
                               nor impaired       not impaired       Impaired              Total

     Aset keuangan                                                                                                       Financial assets
     Kas di bank                    608,986,099                 --                  --      608,986,099        Cash on hand and in banks
     Deposito berjangka           1,836,714,472                 --                  --    1,836,714,472                     Time deposits
     Efek-efek                                                                                                       Marketable securities
     - Obligasi                   3,707,642,003                --         145,715,463     3,853,357,466                             Bonds -
     - Saham                        336,510,950                --                   --      336,510,950                            Shares -
     - Reksadana                    952,194,151                --                   --      952,194,151                     Mutual funds -
     Penyertaan langsung             35,168,056                --                   --       35,168,056                 Direct participation
     Piutang premi dan sesi       1,592,296,089      483,038,407           89,811,095     2,165,145,591   Premium and cession receivables
     Piutang koasuransi              79,352,906       49,628,204           31,728,139       160,709,249           Coinsurance receivables
     Piutang reasuransi dan                                                                                              Reinsurance and
       retrosesi                    116,875,465      271,016,656           85,697,906       473,590,027         retrocession receivables
     Piutang lain-lain              214,226,869                --           7,729,447       221,956,316                  Other receivables
     Aset lain-lain                 147,558,531                --                   --      147,558,531                       Other assets
                                  9,627,525,591      803,683,267          360,682,050    10,791,890,908
     Dikurangi:                                                                                                                      Less:
     Penyisihan kerugian                                                                                          Allowance for impairment
     penurunan nilai                                                                      (360,682,050)                             losses
     Neto                                                                                10,431,208,858                                Net




    Nilai wajar instrumen keuangan                                       Fair value of financial instruments
    Semua aset keuangan yang diklasifikasikan                            All financial assets classified as loan and
    ke dalam pinjaman yang diberikan dan                                 receivables and financial liabilities at
    piutang dan liabilitas keuangan yang diukur                          amortized cost have a short term maturity,
    melalui biaya yang diamortisasi mempunyai                            therefore, the carrying amount is a reasonable
    jatuh tempo dalam jangka pendek, maka                                approximation of fair value. The fair value of
    nilai tercatatnya merupakan perkiraan yang                           financial assets and liabilities classified at fair
    layak atas nilai wajarnya. Nilai wajar untuk                         value through profit or loss and available-for-
    aset dan liabilitas yang diukur melalui laba                         sale approximate their carrying amounts. The
    rugi dan tersedia untuk dijual adalah sama                           fair value of financial assets held to maturity
    dengan nilai tercatatnya. Untuk aset                                 are approximate of the carrying value.
    keuangan yang dimiliki hingga jatuh tempo
    mendekati nilai tercatatnya.

                                                           146
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                                   PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                               AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                         FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                       (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

    Aset dan liabilitas keuangan yang diukur                                         Financial assets and liabilities measured at
    pada nilai wajar menggunakan hierarki nilai                                      fair value use the following fair value hierarchy
    wajar sebagai berikut:                                                           of:
    a. Tingkat 1                                                                     a. Level 1
       Harga kuotasi (tidak disesuaikan) dalam                                           Quoted prices (unadjusted) in active
       pasar aktif untuk aset atau liabilitas yang                                       markets for associated assets or liabilities;
       terkait;
    b. Tingkat 2                                                                     b. Level 2
       Input selain harga kuotasi yang termasuk                                         Inputs other than quoted prices included
       dalam Tingkat 1 yang dapat diobservasi                                           within Level 1 that are observable for the
       untuk aset atau liabilitas, baik secara                                          assets or liabilities, either directly (that is,
       langsung (misalnya harga) maupun tidak                                           as prices) or indirectly (that is, derived from
       langsung (misalnya derivasi harga); dan                                          prices); and
    c. Tingkat 3                                                                     c. Level 3
       Input untuk aset atau liabilitas yang                                            Inputs for the assets or liabilities that are
       bukan berdasarkan data pasar yang                                                not based on observable market data
       dapat diobservasi (unobservable input).                                          (unobservable input).

    Tabel berikut ini menunjukkan instrumen                                          The following table show the financial
    keuangan yang diukur pada nilai wajar yang                                       instruments measured at fair value grouped
    dikelompokkan berdasarkan hierarki nilai                                         according to the fair value hierarchy:
    wajar:
                                                                             Nilai wajar/Fair value
                                          Nilai tercatat/   Tingkat 1/             Tingkat 2/         Tingkat 3/
                                         Carrying value      Level 1                Level 2            Level 3

     31 Desember 2023                                                                                                                       December 31, 2023
     Aset keuangan diukur nilai wajar:                                                                                  Financial assets measured at fair value:
     Efek-efek                                                                                                                             Marketable securities
     - Nilai wajar melalui laba rugi          399,000,152      399,000,152                      --                 --          Fair value through profit or loss -
     - Tersedia untuk dijual                5,672,399,213      894,674,467          4,777,724,746                  --                        Available-for-sale -
     Jumlah                                 6,071,399,365    1,293,674,619          4,777,724,746                  --                                       Total

     31 Desember 2022                                                                                                                       December 31, 2022
     Aset keuangan diukur nilai wajar:                                                                                  Financial assets measured at fair value:
     Efek-efek                                                                                                                             Marketable securities
     - Nilai wajar melalui laba rugi          705,368,513      360,315,009            345,053,504                  --          Fair value through profit or loss -
     - Tersedia untuk dijual                4,290,978,591      928,390,092          3,362,588,499                  --                        Available-for-sale -
     Jumlah                                 4,996,347,104    1,288,705,101          3,707,642,003                  --                                       Total




    Tujuan       Grup    dalam       mengelola                                       The Group objective when managing capital is
    permodalannya adalah untuk menjaga                                               to safeguard the Group ability to continue as
    kelangsungan usaha Grup untuk dapat                                              going concern in order to provide returns for
    memberikan hasil kepada pemegang saham                                           shareholders    and   benefits     for   other
    dan manfaat kepada stakeholders lainnya,                                         stakeholders and to maintain an optimal
    dan    memelihara    optimalisasi struktur                                       capital structure to reduce the cost of
    permodalan     untuk   mengurangi    biaya                                       operation.
    operasional.

    Konsisten dengan pelaku industri lainnya,                                        Consistent with others in the industry, the
    Grup memonitor rasio solvabilitas yang                                           Group monitors solvency ratio which is
    dihitung berdasarkan Peraturan Otoritas                                          calculated in accordance with the Regulation
    Jasa Keuangan No. 71/POJK.05/2016                                                of Authority of Financial Service No.
    tentang kesehatan keuangan Perusahaan                                            71/POJK.05/2016 regarding The Financial
    Asuransi dan Perusahaan Reasuransi.                                              Soundness of The Insurance Company and
    Jumlah       minimum      pencapaian rasio                                       Reinsurance Company. Minimum solvency
    solvabilitas adalah 120%. Grup telah                                             ratio is 120%. The Group has fulfilled the
    memenuhi ketentuan dalam peraturan                                               requirements outlined in the regulation
    tersebut (tidak diaudit).                                                        (unaudited).



                                                                   147
Page 635
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                                PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                            AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                       NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                                      FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                  December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                    (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                     unless otherwise stated)

      Berdasarkan Peraturan Otoritas Jasa                                                                          Based on the Regulation of Financial Authority
      Keuangan No. 72/POJK.05/2016 tanggal                                                                         Services      No.   72/POJK.05/2016       dated
      28 Desember 2016 tentang Kesehatan                                                                           December 28, 2016 regarding Financial
      Keuangan Usaha Asuransi dan Usaha                                                                            Soundness of Insurance and Reinsurance
      Reasuransi dengan Prinsip Syariah. Grup                                                                      Business with Sharia Principle. The Group is
      diwajibkan untuk memenuhi rasio solvabilitas                                                                 required to have minimum solvency ratio for
      untuk dana Tabarru’ paling sedikit dari risiko                                                               Tabarru' fund of of the risk of loss which may
      kerugian yang mungkin timbul sebagai                                                                         arise from deviation in management of assets
      akibat dari deviasi dalam pengelolaan                                                                        and liabilities. The Group has fulfilled the
      kekayaan dan liabilitas. Grup telah                                                                          requirements outlined in the regulation
      memenuhi ketentuan dalam peraturan                                                                           (unaudited).
      tersebut (tidak diaudit).

      Perubahan kewajiban                              yang       timbul          dari                             Changes in liabilities arising from financing
      aktivitas pendanaan:                                                                                         activities:
                                                                                                Tambahan modal                           Beban bunga dan
                                                                                                    disetor/                                Selisih kurs/
                                    31 Desember/        Arus kas neto/     Sewa pembiayaan/      Additional paid      Dividen/         Interest expense and/ 31 Desember/
                                  December 31, 2022     Cash flows net          leases             in capital         Dividend          Exchange alignment December 31, 2023

      Pinjaman yang diterima            121,346,712          161,998,024                   --                  --                 --           12,804,817        296,149,553       Borrowings payment
      Utang pembiayaan konsumen                                                                                                                                                 Consumer finance and
        dan sewa pembiayaan              68,616,376         (28,381,164)                   --                  --                 --            5,278,681         45,513,893           lease payable
      Utang dividen                               --       (244,362,381)                   --       (187,198,292)       431,560,673                     --                 --         Dividend payable
      Liabilitas sewa                     2,917,784          (3,440,371)           6,570,770                   --                 --              146,510          6,194,693           Lease Liabilities
      Jumlah liabilitas dari                                                                                                                                                      Total liabilities from
        aktivitas pendanaan             192,880,872        (114,185,892)           6,570,770        (187,198,292)       431,560,673            18,230,008        347,858,139    financing activities


                                                                                                Tambahan modal                           Beban bunga dan
                                                                                                    disetor/                                Selisih kurs/
                                    31 Desember/        Arus kas neto/     Sewa pembiayaan/      Additional paid      Dividen/         Interest expense and/ 31 Desember/
                                  December 31, 2021     Cash flows net          leases             in capital         Dividend          Exchange alignment December 31, 2022

      Pinjaman yang diterima             43,326,065           74,606,325                   --                  --                 --            3,414,322        121,346,712       Borrowings payment
      Utang pembiayaan konsumen                                                                                                                                                 Consumer finance and
        dan sewa pembiayaan             158,955,645         (99,272,562)                   --                  --                 --            8,933,293         68,616,376           lease payable
      Utang dividen                               --       (131,889,738)                   --                  --       131,889,738                     --                 --         Dividend payable
      Liabilitas sewa                     6,850,134          (4,807,958)                   --                  --                 --              875,608          2,917,784           Lease Liabilities
      Jumlah liabilitas dari                                                                                                                                                      Total liabilities from
        aktivitas pendanaan             209,131,844        (161,363,933)                   --                  --       131,889,738            13,223,223        192,880,872    financing activities




43.   Informasi Segmen                                                                                  43. Segment Information

      Informasi segmen berikut ini dilaporkan                                                                      The following segment information is reported
      berdasarkan informasi yang digunakan oleh                                                                    based on the information used by
      manajemen untuk mengevaluasi kinerja                                                                         management in evaluating the performance of
      setiap segmen dan menentukan alokasi                                                                         each business segment and determining the
      sumber daya.                                                                                                 allocation of resources.

      Segmen Usaha                                                                                                 Business Segment
      Grup mengklasifikasikan kegiatan usahanya                                                                    The Group primarily classify their business
      menjadi 4 (empat) segmen usaha utama,                                                                        activities into 4 (four) which are major
      yaitu, asuransi kerugian, reasuransi, sewa                                                                   operating business segments, namely,
      dan bisnis terkait, dan lainnya untuk                                                                        general insurance, reinsurance, rental and
      pelaporan segmen bisnisnya, sebagai                                                                          related businesses, and others for its business
      berikut:                                                                                                     segment reporting, which are as follows:




                                                                                                148
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                                   AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                              NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                                             FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                            unless otherwise stated)
                                                                                                  31 Desember/December 31, 2023
                                          Asuransi                                  Sewa dan                                                                              Jumlah
                                          kerugian/                               bisnis terkait/                                                                       Konsolidasi/
                                           General          Reasuransi/            Rental and             Lain-lain/            Jumlah/             Eliminasi/             Total
    Segmen usaha                         insurance          Reinsurance         related business           Others                Total             Elimination          Consolidated                   Business segments

    PENDAPATAN                                                                                                                                                                                                  REVENUES
    Pendapatan premi neto                  1,153,694,430     1,907,443,864                      --                    --        3,061,138,294             18,793,379       3,079,931,673               Premium income net
    Pendapatan (Beban) komisi neto           142,596,491     (612,964,055)                      --                    --        (470,367,564)                      --      (470,367,564)            Commission income net
    Pendapatan investasi                     399,012,475       147,686,044             41,993,979           243,112,661           831,805,159          (251,975,121)         579,830,038                 Investment income
    Pendapatan usaha lainnya                  33,730,367                 --           349,812,075           105,214,446           488,756,888           (86,666,290)         402,090,598            Other operating revenue
    Penghasilan neto dari                                                                                                                                                                                     Net revenues
      pelanggan eksternal customers        1,729,033,763     1,442,165,853            391,806,054           348,327,107         3,911,332,777          (319,848,032)       3,591,484,745                    from external
    Penghasilan neto antar segmen                      --                --                     --                    --                    --                    --                   --   Net revenues between segments
    Jumlah pendapatan                      1,729,033,763     1,442,165,853            391,806,054           348,327,107         3,911,332,777          (319,848,032)       3,591,484,745                     Total revenues
    Beban underwriting, neto               (543,085,048)    (1,364,543,735)                     --                     --     (1,907,628,783)            (3,404,220)      (1,911,033,003)         Net underwriting expenses
    Beban usaha                            (715,395,340)      (124,112,513)           (21,961,312)          (35,528,572)        (896,997,737)             84,776,781        (812,220,956)               Operating expenses
    Beban usaha lainnya                                --                --          (230,683,834)          (67,580,148)        (298,263,982)                      --       (298,263,982)         Other operating expenses
    Beban lain-lain, neto                  1,107,010,368       (17,923,534)           (18,176,791)             1,579,899        1,072,489,942           (17,889,442)        1,054,600,500               Other expenses, net
    Bagian laba bersih atas                                                                                                                                                                              Share in assosiates
      entitas asosiasi                         7,763,237                  --                     --                    --           7,763,237                      --          7,763,237                       net income
    Laba sebelum beban pajak final                                                                                                                                                                  Income before final and
      dan beban pajak penghasilan          1,585,326,980       (64,413,929)           120,984,117           246,798,286         1,888,695,454          (256,364,913)       1,632,330,541             income tax expenses
    Beban pajak final                        (34,506,733)      (15,693,983)            (1,408,639)            (550,539)           (52,159,894)                    --         (52,159,894)                           Final tax
    Laba sebelum beban pajak                                                                                                                                                                          Income before income
      penghasilan                          1,550,820,247       (80,107,912)           119,575,478           246,247,747         1,836,535,560          (256,364,913)       1,580,170,647                    tax expenses
    Beban pajak penghasilan                (291,342,464)         38,862,178            (5,351,159)          (20,237,933)        (278,069,378)                     --       (278,069,378)               Income tax expenses
    Laba (Rugi) periode berjalan           1,259,477,783       (41,245,734)           114,224,319           226,009,814         1,558,466,182          (256,364,913)       1,302,101,269      Income (Loss) for the period
    INFORMASI LAINNYA                                                                                                                                                                               OTHER INFORMATION
    Aset segmen                          18,666,571,903      5,901,020,745           2,475,050,589        1,806,164,565        28,848,807,802       (3,710,865,187)       25,137,942,615                   Segment assets
    Aset yang tidak dapat dialokasikan                --                 --                      --                   --                    --                   --                    --                Unallocated assets
    Jumlah aset konsolidasian            18,666,571,903      5,901,020,745           2,475,050,589        1,806,164,565        28,848,807,802       (3,710,865,187)       25,137,942,615         Total consolidated assets
    Liabilitas segmen                    10,285,139,311      4,478,288,815            500,273,420            30,826,090        15,294,527,636          (436,443,254)      14,858,084,382                  Segment liabilities
    Liabilitas yang tidak dapat
      dialokasikan                                    --                 --                     --                    --                    --                    --                   --             Unallocated liabilities
    Jumlah liabilitas konsolidasian      10,285,139,311      4,478,288,815            500,273,420            30,826,090        15,294,527,636          (436,443,254)      14,858,084,382      Total consolidated liabilities


                                                                                                  31 Desember/December 31, 2022
                                          Asuransi                                  Sewa dan                                                                              Jumlah
                                          kerugian/                               bisnis terkait/                                                                       Konsolidasi/
                                           General          Reasuransi/            Rental and             Lain-lain/            Jumlah/             Eliminasi/             Total
    Segmen usaha                         insurance          Reinsurance         related business           Others                Total             Elimination          Consolidated                   Business segments

    PENDAPATAN                                                                                                                                                                                                  REVENUES
    Pendapatan premi neto                  1,016,557,167     1,840,898,894                      --                    --        2,857,456,061           (12,530,921)       2,844,925,140               Premium income net
    Pendapatan komisi neto                    94,677,892     (608,605,374)                      --                    --        (513,927,482)             11,794,181       (502,133,301)            Commission income net
    Pendapatan investasi                     212,860,417       137,500,622              2,856,022             2,133,719           355,350,780            (2,959,450)         352,391,330                 Investment income
    Pendapatan usaha lainnya                           --                --           326,730,893           111,911,164           438,642,057           (39,932,015)         398,710,042            Other operating revenue
    Penghasilan neto dari                                                                                                                                                                                      Net revenues
      pelanggan eksternal customers        1,324,095,476     1,369,794,142            329,586,915           114,044,883         3,137,521,416           (43,628,205)       3,093,893,211                     from external
    Penghasilan neto antar segmen                      --                --                     --                    --                    --                    --                   --   Net revenues between segments
    Jumlah pendapatan                      1,324,095,476     1,369,794,142            329,586,915           114,044,883         3,137,521,416           (43,628,205)       3,093,893,211                    Total revenues
    Beban underwriting, neto               (464,352,441)    (1,191,348,509)                     --                     --     (1,655,700,950)           (16,647,193)      (1,672,348,143)         Net underwriting expenses
    Beban usaha                            (562,318,195)      (125,713,652)           (27,793,060)          (38,008,120)        (753,833,027)           (17,302,820)        (771,135,847)               Operating expenses
    Beban usaha lainnya                                --                 --         (185,534,884)          (73,234,515)        (258,769,399)                     (1)       (258,769,400)         Other operating expenses
    Beban lain-lain, neto                     51,746,548         41,154,770           (13,169,908)             2,246,424           81,977,834             26,531,770          108,509,604               Other expenses, net
    Bagian laba bersih atas                                                                                                                 --                     --                                   Share in assosiates
      entitas asosiasi                        17,047,790                  --                     --                    --          17,047,790                     (1)         17,047,789                       net income
    Laba sebelum beban pajak final                                                                                                                                                                  Income before final and
      dan beban pajak penghasilan           366,219,178         93,886,751            103,089,063             5,048,672          568,243,664            (51,046,450)        517,197,214
    Beban pajak final                       (15,514,188)                 --            (4,280,649)            (280,074)          (20,074,912)           (10,421,451)        (30,496,363)                           Final tax
    Laba sebelum beban pajak                                                                                                                                                                          Income before income
      penghasilan                           350,704,990         93,886,751             98,808,414              4,768,598          548,168,752           (61,467,901)        486,700,851                     tax expenses
    Beban pajak penghasilan                   1,980,046          3,426,075             (5,068,324)           (4,365,182)           (4,027,385) -         87,568,126         (91,595,511)               Income tax expenses
    Laba periode berjalan                   352,685,036         97,312,826             93,740,090                403,416          544,141,367          (149,036,027)        395,105,340              Income for the period
    INFORMASI LAINNYA                                                                                                                                                                               OTHER INFORMATION
    Aset segmen                          14,726,571,566      5,211,373,512           3,658,330,482        3,972,865,744        27,569,141,304       (5,987,835,836)       21,581,305,468                   Segment assets
    Aset yang tidak dapat dialokasikan                --                 --                      --                   --                    --                   --                    --                Unallocated assets
    Jumlah aset konsolidasian            14,726,571,566      5,211,373,512           3,658,330,482        3,972,865,744        27,569,141,304       (5,987,835,836)       21,581,305,468         Total consolidated assets
    Liabilitas segmen                      8,745,316,041     3,737,932,407            352,472,398            22,069,609        12,857,790,454          (448,583,286)      12,409,207,168                  Segment liabilities
    Liabilitas yang tidak dapat
      dialokasikan                                     --                --                     --                    --                    --                    --                   --             Unallocated liabilities
    Jumlah liabilitas konsolidasian        8,745,316,041     3,737,932,407            352,472,398            22,069,609        12,857,790,454          (448,583,286)      12,409,207,168      Total consolidated liabilities




    Segmen Area Geografis                                                                                                   Geographical Area Segment
    Grup    juga   mengklasifikasikan  bisnis                                                                               The Group also classifies its business based
    usahanya berdasarkan wilayah geografis                                                                                  on geographical area where the assets or
    yang ditentukan menurut lokasi aset atau                                                                                operations are located.
    operasi Grup.
                                                                                                                                                               Jumlah
                                                                                                                                                             Konsolidasi/
                                                Indonesia/              Luar Indonesia/                  Jumlah/                   Eliminasi/                   Total
     31 Desember 2023                            Indonesia             Outside Indonesia                  Total                   Elimination                Consolidated                       December 31, 2023

     Penghasilan                                                                                                                                                                                            Income
     Hasil underwriting neto                          655,000,560                 28,141,386                683,141,946                   15,389,160               698,531,106                  Underwriting income

     Hasil yang tidak dapat
       dialokasikan                                                                                                                                                          --                  Unallocated income
     Jumlah                                                                                                                                                        698,531,106                                 Total

     Pelaporan segmen lainnya                                                                                                                                                               Other segment reporting
     Aset segmen                                 24,558,205,788                2,547,482,322            27,105,688,110            (1,967,745,495)              25,137,942,615                       Segment assets
     Aset yang tidak dapat
       dialokasikan                                                                                                  --                        --                           --                    Unallocated assets
     Jumlah                                                                                             27,105,688,110            (1,967,745,495)              25,137,942,615                                  Total




                                                                                                      149
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)

                                                                                                                    Jumlah
                                                                                                                  Konsolidasi/
                                  Indonesia/        Luar Indonesia/       Jumlah/               Eliminasi/           Total
      31 Desember 2022            Indonesia        Outside Indonesia       Total               Elimination        Consolidated                December 31, 2022

      Penghasilan                                                                                                                                         Income
      Hasil underwriting neto       778,458,761          (89,176,742)         689,282,019          (18,838,323)       670,443,696             Underwriting income

      Hasil yang tidak dapat
        dialokasikan                                                                                                            --             Unallocated income
      Jumlah                                                                                                          670,443,696                            Total

      Pelaporan segmen lainnya                                                                                                             Other segment reporting
      Aset segmen                 24,955,996,406       2,605,666,553     27,561,662,959        (5,980,357,491)     21,581,305,468                  Segment assets
      Aset yang tidak dapat
        dialokasikan                                                                  --                    --                  --             Unallocated assets
      Jumlah                                                             27,561,662,959        (5,980,357,491)     21,581,305,468                           Total




44.   Aset, Liabilitas dan Hasil Usaha Unit                                     44. Assets, Liabilities and Results Operations
      Bisnis Syariah                                                                of Sharia Business Unit

      Laporan Posisi Keuangan                                                          Statements of Financial Position

                                                               2023                         2022
                                                                Rp                           Rp

      ASET                                                                                                                                             ASSET
      Kas dan bank                                              32,717,537                   34,566,866                           Cash on hand and in banks
      Deposito berjangka                                        43,239,400                   39,826,025                                         Time deposits
      Sukuk                                                     30,123,970                   30,010,990                                                 Sukuk
      Piutang kontribusi, neto                                  14,360,326                    8,356,835                          Contribution receivables , net
      Piutang reasuransi                                         8,558,954                       52,832                              Reinsurance receivables
      Aset reasuransi                                            6,284,666                    6,008,145                                    Reinsurance assets
      Aset lain-lain                                             5,754,699                    3,986,962                                          Other assets
      JUMLAH ASET                                              141,039,552                  122,808,655                                      TOTAL ASSETS

      LIABILITAS, DANA PESERTA                                                                                         LIABILITIES, PARTICIPANTS FUND
        DAN EKUITAS                                                                                                                          AND EQUITY
        LIABILITAS                                                                                                                            LIABILITIES
      Utang klaim                                                   238,387                      58,916                                      Claim payables
      Utang reasuransi                                            1,917,810                   1,491,999                               Reinsurance payables
      Utang komisi                                                2,272,209                  10,435,626                                   Comission payable
      Penyisihan ujroh                                            6,707,468                   3,790,047                                        Ujroh payable
      Utang ujroh reasuransi                                     10,724,467                   9,608,254                          Reinsurance ujroh payable
      Penyisihan kontribusi yang belum                                                                                    Unearned contributions provisions
        menjadi hak dan penyisihan manfaat                                                                                      reserves and liabilities for
        polis masa depan                                          6,943,148                   4,401,316                              future policy benefits
      Penyisihan klaim                                            4,672,592                   4,511,434                                   Reserves of claims
      Utang lain-lain                                             2,025,576                   3,024,622                                      Other payables
      JUMLAH LIABILITAS                                          35,501,657                  37,322,214                                 TOTAL LIABILITIES

      DANA PESERTA                                                                                                                    PARTICIPANTS FUND
      Dana Tabarru'                                              23,557,441                  12,938,774                                       Tabarru' fund

      EKUITAS                                                                                                                                        EQUITY
      Modal kerja                                                25,000,000                  25,000,000                                      Working Capital
      Saldo laba                                                 58,020,096                  48,890,430                                   Retained earnings
      Keuntungan (kerugian) yang belum                                                                                    Unrealized gain (loss) on availabe-
        direalisasi atas efek - efek                                                                                        for-sale marketable securities
        tersedia untuk dijual, neto                             (1,039,642)                 (1,342,763)
      JUMLAH EKUITAS                                            81,980,454                  72,547,667                                  TOTAL EQUITY
      JUMLAH LIABILITAS, DANA                                                                                                       TOTAL LIABILITIES,
        PESERTA DAN EKUITAS                                    141,039,552                  122,808,655                     PARTICIPANTS AND EQUITY




                                                                        150
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PT ASURANSI TUGU PRATAMA INDONESIA TBK                        PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                    AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                              FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                            (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                             unless otherwise stated)

    Laporan Surplus Defisit Dana Tabarru’                         Statements of Surplus Deficit Tabarru’ Fund
                                               2023                 2022
                                                Rp                   Rp

     PENDAPATAN ASURANSI                                                                            INSURANCE REVENUES
     Kontribusi bruto                           28,206,253          14,824,435                            Gross contributions
     Ujrah pengelola                           (13,329,790)         (7,085,492)                           Shareholder's ujrah
     Bagian reasuransi (atas risiko)            (5,231,258)         (3,010,415)                    Reinsurance share (at risk)
     TOTAL PENDAPATAN ASURANSI                   9,645,205           4,728,528                TOTAL INSURANCE REVENUES

     BEBAN ASURANSI
     Beban pembayaran klaim                    (18,646,148)           (533,883)                                Claims expenses
     Klaim yang ditanggung reasuransi           15,560,368             168,264                              Reinsurance claims
     Perubahan penyisihan klaim                   (583,967)             98,726                    Changes in reserves of claim
     Perubahan penyisihan kontribusi                                                          Unearned contributions provisions
       yang belum menjadi hak dan penyisihan                                                       reserves and liabilities for
       manfaat polis masa depan                 (1,879,248)          (1,196,116)                        future policy benefits
     Beban adjuster                                 (2,636)             (12,497)                             Adjuster expenses
     TOTAL BEBAN ASURANSI                       (5,551,631)          (1,475,506)              TOTAL INSURANCE EXPENSES

     SURPLUS (DEFISIT) UNDERWRITING             4,093,574            3,253,022           UNDERWRITING SURPLUS (DEFICIT)
     Surplus (defisit) underwriting yang                                                  Underwriting surplus (deficit) allocated
       dialokasikan ke peserta individual        (368,790)            (876,896)                       to individual participants
     Surplus (defisit) underwriting yang                                                  Underwriting surplus (deficit) allocated
        dialokasikan ke entitas Pengelola       (1,843,951)           (876,896)                                 to shareholders
     Surplus (defisit) underwriting yang                                                  Underwriting surplus (deficit) allocated
       dialokasikan ke dana Tabarru'            1,880,833            1,499,230                                   to tabarru' fund
     PENDAPATAN DAN BEBAN                                                                     INVESTMENT REVENUES AND
       INVESTASI                                                                                                     EXPENSES
     Pendapatan investasi, neto                   124,717              101,018                         Investment revenues, net
     (Beban) pendapatan lain-lain, neto         8,613,117             (925,576)                 (Expenses) other revenues, net

     PENGHASILAN KOMPREHENSIF LAINNYA                                                     OTHER COMPREHENSIVE INCOME
     Perubahan nilai wajar investasi                    --                   --              Changes in investments fair value
     SURPLUS (DEFISIT) DANA TABARRU'           10,618,667              674,672          TABARRU' FUND SURPLUS (DEFICIT)
     SALDO AWAL DANA TABARRU'                  12,938,774           12,264,102     BEGINNING BALANCE OF TABARRU' FUND
     SALDO AKHIR DANA TABARRU'                 23,557,441           12,938,774       ENDING BALANCE OF TABARRU' FUND




                                                      151
Page 639
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                              PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                                                          AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                                                                    FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                  (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                   unless otherwise stated)

    Laporan Laba Rugi                                    dan   Penghasilan                                       Statement of Profit or Loss and Other
    Komprehensif Lain                                                                                            Comprehensive Income
                                                                                  2023                            2022
                                                                                   Rp                              Rp

     PENDAPATAN                                                                                                                                                              REVENUES
     Pendapatan ujrah                                                             13,329,790                         7,085,492                                            Ujrah revenues
     Pendapatan investasi                                                          2,226,031                         2,215,100                                      Investment revenues
     Penurunan (kenaikan) ujrah                                                     (111,912)                         (483,343)                             Decrease (increase) in ujrah
     Pendapatan surplus underwriting untuk                                                                                                             Underwriting surplus revenues for
       dana perusahaan                                                             1,843,951                           876,896                                        shareholder fund
     TOTAL PENDAPATAN                                                             17,287,860                         9,694,145                                       TOTAL REVENUES

     BEBAN                                                                                                                                                                EXPENSES
     Beban komisi                                                                 (5,961,625)                       (3,332,531)                                  Comission expenses
     Ujrah reasuransi dibayar                                                       (544,461)                         (312,229)                                Ujrah reinsurance paid
     Beban umum dan administrasi                                                  (1,514,165)                       (1,006,404)                   General and administration expenses
     TOTAL BEBAN                                                                  (8,020,251)                       (4,651,164)                                  TOTAL EXPENSES

     LABA USAHA                                                                                                                                          INCOME FROM OPERATIONS
     Beban lain-lain, neto                                                              110,228                       (224,991)                                  Other expenses, net

     LABA SEBELUM BEBAN PAJAK                                                                                                                                    INCOME BEFORE TAX
     DAN ZAKAT                                                                     9,377,837                         4,817,990                                           AND ZAKAT
     Beban Zakat                                                                    (233,861)                         (120,450)                                      Final tax expenses

     LABA SEBELUM BEBAN PAJAK FINAL DAN                                                                                                                  INCOME BEFORE FINAL TAX
     PAJAK PENGHASILAN                                                             9,143,976                         4,697,540                         EXPENSES AND INCOME TAX
     Beban pajak final                                                               (14,310)                         (167,516)                                   Final tax expenses

     LABA SEBELUM BEBAN PAJAK                                                                                                                          INCOME BEFORE INCOME TAX
       PENGHASILAN                                                                 9,129,666                         4,530,024                                        EXPENSES
     Beban pajak penghasilan                                                               --                                --                                 Income tax expenses

     LABA TAHUN BERJALAN                                                           9,129,666                         4,530,024                                INCOME FOR THE YEAR
     PENGHASILAN KOMPREHENSIF LAIN                                                                                                              OTHER COMPREHENSIVE INCOME
     Pos yang akan direklasifikasi                                                                                                        Items that may be reclassified subsequently
      ke laba rugi: Keuntungan                                                                                                                           to profit or loss: Unrealized
      (kerugian) yang belum direalisasi atas                                                                                                         gain (loss) on available-for-sale
      efek-efek tersedia untuk dijual, neto                                             303,121                     (1,309,532)                                 marketable securities
     TOTAL PENGHASILAN KOMPREHENSIF                                                                                                             TOTAL INCOME COMPREHENSIVE
      TAHUN BERJALAN                                                               9,432,787                         3,220,492                                       FOR THE YEAR


    Laporan Perubahan Ekuitas                                                                                    Statements of Changes in Equity
                                                                                               (Kerugian)
                                                                                          keuntungan yang
                                                                                          belum direalisasi
                                                                                            atas efek-efek
                                                                                            tersedia untuk
                                                                                              dijual, neto/
                                                                                        Unrealized gain (loss)
                                                                                         on available-for-sale
                                                                 Modal kerja/                 marketable            Saldo Laba/        Jumlah/
                                                                Working capital             securities, net      Retained earnings      Total
                                                                      Rp                           Rp                   Rp               Rp

     Saldo Per 31 Desember 2021                                         25,000,000                    (33,231)           44,360,406      69,327,175             Balance as of December 31, 2021

     Laba tahun berjalan                                                           --                       --            4,530,024       4,530,024                             Income for the year
     Keuntungan (kerugian) yang belum direalisasi atas                                                                                                             Unrealized gain (loss) securities
       efek-efek tersedia untuk dijual, neto                                     --                (1,309,532)                    --     (1,309,532)                       available for sale, net
     Saldo Per 31 Desember 2022                                         25,000,000                 (1,342,763)           48,890,430      72,547,667             Balance as of December 31, 2022

     Laba tahun berjalan                                                           --                       --            9,129,666       9,129,666                             Income for the year
     Keuntungan (kerugian) yang belum direalisasi atas                                                                                                             Unrealized gain (loss) securities
       efek-efek tersedia untuk dijual, neto                                     --                   303,121                     --        303,121                        available for sale, net
     Saldo Per 31 Desember 2023                                         25,000,000                 (1,039,642)           58,020,096      81,980,454             Balance as of December 31, 2023




                                                                                           152
Page 640
PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                  AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                            FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)

45.   Standar Akuntansi dan Interpretasi                    45. New       Accounting      Standard       and
      Standar yang Telah Disahkan Namun                         Interpretation of Standard which         Has
      Belum Berlaku Efektif                                     Issued but Not Yet Effective

      DSAK-IAI telah menerbitkan beberapa                       DSAK-IAI has issued several new standards,
      standar baru, amandemen dan penyesuaian                   amendments and improvement to standards,
      atas standar, serta interpretasi atas standar             and interpretations of the standards but not
      namun belum berlaku efektif untuk periode                 yet effective for the period beginning on
      yang dimulai pada 1 Januari 2023.                         January 1, 2023.

      Efektif berlaku pada atau setelah tanggal                 Effective on or after January 1, 2024:
      1 Januari 2024:
      Amendemen atas standar yang berlaku                       Amendment to standards which effective for
      efektif untuk periode yang dimulai pada atau              periods beginning on or after January 1, 2024,
      setelah 1 Januari 2024, dengan penerapan                  with early adoption is permitted, are as
      dini diperkenankan yaitu:                                 follows:
      - Amendemen PSAK 1: Penyajian Laporan                     - Amendments PSAK 1: Presentation of
         Keuangan tentang Liabilitas Jangka                         Financial Statements related to Non-
         Panjang Dengan Kovenan;                                    Current Liabilities with Covenants;
      - Amendemen PSAK 73: Liabilitas Sewa                      - Amendments PSAK 73: Lease Liability in a
         dalam Jual dan Sewa – Balik;                               Sale and Leaseback;
      - Amendemen PSAK 2: Laporan Arus Kas                      - Amendments PSAK 2: Statement of Cash
         dan PSAK 60: Instrumen Keuangan:                           Flows and PSAK 60: Financial Instrument:
         Pengungkapan        tentang    pengaturan                  Disclosure regarding supplier finance
         pembiayaan pemasok;                                        agreement;
      - Revisi PSAK 101: Penyajian Laporan                      - Revised PSAK 101: Presentation of
         Keuangan Syariah; dan                                      Shariah Financial Statements; and
      - Revisi PSAK 109: Akuntansi Zakat, Infak,                - Revised PSAK 109: Accounting of Zakah,
         dan Sedekah.                                               Infaq, and Sadaqah.

      Efektif berlaku pada atau setelah tanggal                 Effective on or after January 1, 2025:
      1 Januari 2025:
      Standar baru dan amendemen atas standar                   New standard and amendment to standard
      yang berlaku efektif untuk periode yang                   which effective for periods beginning on or
      dimulai pada atau setelah 1 Januari 2025,                 after January 1, 2025, with early adoption is
      dengan penerapan dini diperkenankan yaitu:                permitted, are as follows:
      - PSAK 74: Kontrak Asuransi; dan                          - PSAK 74: Insurance Contract; and
      - Amendemen PSAK 74: Kontrak Asuransi                     - Amendments PSAK 74: Insurance Contract
         tentang Penerapan Awal PSAK 74 dan                        regarding Initial Application of PSAK 74
         PSAK 71 – Informasi Komparatif;                           and PSAK 71 – Comparative Information;
      - Amendemen       PSAK      10:  Pengaruh                 - Amendments PSAK 10: Foreign Exchange
         Perubahan Kurs Valuta Asing tentang                       Rate regarding lack of exchangeability
         kekurangan ketertukaran.

      Beberapa PSAK juga diamendemen yang                       Several PSAKs were also amended which
      merupakan      amendemen  konsekuensial                   were consequential amendments due to the
      karena berlakunya PSAK 74: Kontrak                        enactment of PSAK 74: Insurance Contracts,
      Asuransi, yaitu:                                          as follows:
      - PSAK 1: Penyajian Laporan Keuangan;                     - PSAK 1: Presentation of Financial
                                                                   Statements;
      -   PSAK 2: Laporan Arus Kas;                             - PSAK 2: Statement of Cash Flows;
      -   PSAK 13: Properti Investasi;                          - PSAK 13: Investment Property;
      -   PSAK 15: Investasi pada          Entitas              - PSAK 15: Investment in Associated Entities
          Asosiasi dan Ventura Bersama;                            and Joint Ventures;
      -   PSAK 16: Aset Tetap;                                  - PSAK 16: Fixed Assets;
      -   PSAK 19: Aset Takberwujud;                            - PSAK 19: Intangible Assets;

                                                      153
Page 641
PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
DAN ENTITAS ANAK                                                                 AND ITS SUBSIDIARIES
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
KONSOLIDASIAN (Lanjutan)                                           FINANCIAL STATEMENTS (Continued)
Untuk Tahun-Tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)

      -   PSAK 22: Kombinasi Bisnis;                           -   PSAK 22: Business Combinations;
      -   PSAK 24: Imbalan Kerja;                              -   PSAK 24: Employee Benefits;
      -   PSAK 48: Penurunan Nilai Aset;                       -   PSAK 48: Impairment of Asset;
      -   PSAK     50:     Instrumen   Keuangan                -   PSAK      50:    Financial    Instruments:
          Penyajian;                                               Presentation;
      -   PSAK 57: Provisi, Liabilitas Kontijensi              -   PSAK 57: Provisions, Contingent Liabilities
          dan Aset Kontijensi;                                     and Contingent Assets;
      -   PSAK 58: Aset Tidak Lancar yang                      -   PSAK 58: Non-Current Assets Held for
          Dikuasai untuk Dijual dan Operasi yang                   Sale and Discontinued Operations;
          Dihentikan;
      -   PSAK     60:    Instrumen   Keuangan:                -   PSAK      60:   Financial     Instruments:
          Pengungkapan;                                            Disclosures;
      -   PSAK 71: Instrumen Keuangan                          -   PSAK 71: Financial Instruments;
      -   PSAK 72: Pendapatan dari Kontrak                     -   PSAK 72: Income from Contracts with
          dengan Pelanggan.                                        Customers.

      Hingga tanggal laporan keuangan ini                      Until the date of the financial statements is
      diotorisasi, Perusahaan masih melakukan                  authorized, the Group is still evaluating the
      evaluasi atas dampak potensial dari                      potential impact of the adoption of new
      penerapan standar baru, amandemen                        standards, amendments to standards and
      standar dan interpretasi standar tersebut.               interpretations of these standards.

      DSAK-IAI juga mengesahkan perubahan                      DSAK-IAI also ratified changes to the
      penomoran PSAK dan ISAK yang berlaku                     numbering pf PSAK and ISAK which will be
      efektif 1 Januari 2024, dimana perubahan ini             effective on January 1, 2024. This change
      tidak memengaruhi substansi pengaturan                   does not affect the substance of the
      dalam masing-masing PSAK dan ISAK                        requirement in each PSAK and ISAK.
      tersebut.

46.   Informasi Keuangan Tambahan                          46. Supplementary Financial Information

      Informasi keuangan Perseroan (entitas                    The accompanying financial information of the
      induk) terlampir, yang terdiri dari laporan              Company (parent entity), which comprises the
      posisi keuangan 31 Desember 2023 dan                     statement of financial position as of December
      2022, serta laporan laba rugi dan                        31, 2023 and 2022, and the statement of of
      penghasilan komprehensif lain, laporan                   profit or loss and other comprehensive
      perubahan ekuitas, dan laporan arus kas                  income, changes in equity, and cash flows for
      untuk tahun yangs berakhir pada tanggal                  the year then ended December 31, 2023 and
      31 Desember 2023 dan 2022 (secara kolektif               2022 (collectively referred to as the “Parent
      yang disebut sebagai “Informasi Keuangan                 Entity Financial Information”), which is
      Entitas Induk”), yang disajikan sebagai                  presented as a supplementary information to
      informasi tambahan terhadap laporan                      the accompanying consolidated financial
      keuangan konsolidasian terlampir, disajikan              statements, is presented for the purposes of
      untuk tujuan analisis tambahan dan bukan                 additional analysis and is not required part of
      merupakan bagian dari laporan keuangan                   the accompanying consolidated financial
      konsolidasian terlampir yang diharuskan                  statements under Indonesian Financial
      menurut Standar Akuntansi Keuangan                       Accounting Standards. The Parent Entity
      Indonesia. Informasi Keuangan Entitas Induk              Financial Information is the responsibility of
      merupakan tanggung jawab manajemen                       management and was derived from and
      serta dihasilkan dari dan berkaitan secara               related directly to the underlying accounting
      langsung dengan catatan akuntansi dan                    and other records used to prepare the
      catatan lainnya yang mendasarinya yang                   accompanying         consolidated      financial
      digunakan     untuk    menyusun     laporan              statements.
      keuangan konsolidasian terlampir.


                                                     154
Page 642
Lampiran I                                                                                      Attachment I

PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                        PARENT ENTITY
LAPORAN POSISI KEUANGAN                                       STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                      unless otherwise stated)


                                        2023              2022
                                         Rp                Rp
ASET                                                                                                    ASSETS
Kas dan bank                            306,363,888       374,077,638                Cash on hand and in banks
Investasi                                                                                            Investments
Deposito berjangka                     1,684,802,851      723,436,183                              Time deposits
Efek-efek                                                                                  Marketable securities
  - Nilai wajar melalui laba rugi                411             1,283       Fair value through profit or loss -
  - Tersedia untuk dijual              3,569,166,642     2,338,013,922                     Available-for-sale -
Reksadana                                460,165,233       844,021,338                              Mutual funds
Penyertaan langsung                    1,890,442,806     1,888,692,711                        Direct participation
Piutang premi, neto                    1,552,578,552     1,688,785,957                Premium receivables, net
Piutang koasuransi, neto                 422,878,924       128,981,110             Coinsurance receivables, net
Piutang reasuransi, neto                 450,316,458       372,602,686             Reinsurance receivables, net
Piutang lain-lain                         86,854,527        37,655,118                         Other receivables
Biaya dibayar dimuka dan uang muka        37,087,683        91,722,167        Prepaid expenses and advances
Aset lain-lain                           190,016,932       178,712,357                              Other assets
Aset tetap, neto                          21,090,317        17,940,125                         Fixed assets, net
Aset hak guna, neto                       29,400,579         7,911,388                    Right of use asset, net
Aset reasuransi                        5,324,279,752     4,711,956,046                      Reinsurance assets
Aset pajak tangguhan                      94,337,029       103,652,963                       Deferred tax assets
JUMLAH ASET                           16,119,782,584    13,508,162,992                         TOTAL ASSETS

LIABILITAS DAN EKUITAS                                                              LIABILITIES AND EQUITY
LIABILITAS                                                                                          LIABILITIES
Utang reasuransi                       1,893,727,930     1,561,848,857                  Reinsurance payables
Utang komisi                              67,372,081        38,964,239                 Commissions payables
Utang klaim                              270,261,576        29,405,234                        Claims payables
Utang koasuransi                          73,562,226        46,887,949                  Coinsurance payables
Beban akrual                             208,005,199        78,694,274                      Accrued expenses
Tagihan kekurangan pembayaran pajak        2,849,766                 --                 Tax underpayment bill
Utang pajak                              145,996,640        51,742,932                        Taxes payables
Utang lain-lain                          198,103,928       189,170,147                         Other payables
Liabilitas imbalan kerja                 263,207,061       250,807,152               Employee benefit liabilities
Liabilitas asuransi                    6,286,631,863     5,607,212,269                     Insurance liabilities
Liabilitas sewa                              978,276         2,141,947                         Lease liabilities
JUMLAH LIABILITAS                      9,410,696,546     7,856,875,000                   TOTAL LIABILITIES




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Page 643
Lampiran I                                                                                          Attachment I

PT ASURANSI TUGU PRATAMA INDONESIA TBK                     PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                            PARENT ENTITY
LAPORAN POSISI KEUANGAN                                           STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                         (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                          unless otherwise stated)


                                            2023              2022
                                             Rp                Rp
EKUITAS                                                                                                      EQUITY
Modal saham - Nilai nominal                                                                 Share capital - Par value
  Rp50 (nilai penuh) per saham                                                      Rp50 (full amount) per share
  Modal dasar - 6.400.000.000 saham                                            Authorized - 6,400,000,000 shares
  Modal ditempatkan dan disetor penuh -                                                     Issued and fully paid -
  3.555.575.600 saham dengan jumlah                                                         3,555,575,600 shares
  nilai nominal seluruhnya sebesar                                                      with a total nominal value
  Rp177.778.780.000 (nilai penuh)                                               Rp177,778,780,000 (full amount)
  per 31 Desember 2023                                                                  as of December 31, 2023
  Nilai nominal                                                                                       Share capital
  Rp100 (nilai penuh) per saham                                                    Rp100 (full amount) per share
  Modal dasar - 6.400.000.000 saham                                            Authorized - 6,400,000,000 shares
  Modal ditempatkan dan disetor penuh -                                                     Issued and fully paid -
  1.777.787.800 saham dengan jumlah                                                         1,777,787,800 shares
  nilai nominal seluruhnya sebesar                                                      with a total nominal value
  Rp177.778.780.000 (nilai penuh)                                               Rp177,778,780,000 (full amount)
  tahun 2022                                177,778,780       177,778,780                                year 2022
Tambahan modal disetor                      647,666,679       647,666,679                   Additional paid in capital
Keuntungan/(kerugian) yang                                                                   Changes in fair value of
  belum direalisasi dari efek                                                                       available-for-sale
  yang tersedia untuk dijual, neto           20,640,108       (14,880,353)                            financial assets
Surplus revaluasi aset tetap                  6,575,061          6,283,321         Fixed assets surplus revaluation
Saldo laba                                                                                         Retained earnings
  Ditentukan penggunaannya                   413,313,271       413,313,271                            Appropriated
  Belum ditentukan penggunaannya           5,443,112,139     4,421,126,294                         Unappropriated
JUMLAH EKUITAS                             6,709,086,038     5,651,287,992                           TOTAL EQUITY
JUMLAH LIABILITAS DAN                                                                     TOTAL LIABILITIES AND
EKUITAS                                   16,119,782,584    13,508,162,992                               EQUITY




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Page 644
Lampiran II                                                                                  Attachment II

PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                        PARENT ENTITY
LAPORAN LABA RUGI DAN                                        STATEMENTS OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN                                    OTHER COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                      unless otherwise stated)


                                        2023               2022
                                         Rp                 Rp
PENDAPATAN                                                                                         REVENUES
Pendapatan underwriting                                                                  Underwriting income
Pendapatan premi                                                                             Premium income
  Premi bruto                          5,048,444,433      4,058,267,878                     Gross premium
  Premi reasuransi                   (4,040,080,863)    (3,120,042,084)              Reinsurance premium
Perubahan cadangan premi yang                                                           Changes in unearned
  belum merupakan pendapatan                                                           premium reserves and
  dan liabilitas manfaat                                                                   liabilities for future
  polis masa depan                    (511,841,773)        198,274,236                           policy benefits
Perubahan aset reasuransi atas                                                        Changes in reinsurance
  cadangan premi yang                                                                  assets of unearned
  belum merupakan pendapatan                                                             premium reserves
  dan liabilitas manfaat                                                            and liabilities for future
 polis masa depan                       479,886,782      (222,128,347)                        policy benefits
Pendapatan premi, neto                  976,408,579        914,371,683                  Premium income, net
Pendapatan komisi, neto                 174,274,608        140,065,569               Commission income, net
Jumlah pendapatan underwriting        1,150,683,187      1,054,437,252              Total underwriting income
Pendapatan investasi                    393,484,737        222,672,510                     Investment income
JUMLAH PENDAPATAN                     1,544,167,924      1,277,109,762                   TOTAL REVENUES
BEBAN                                                                                             EXPENSES
Beban klaim                                                                                   Claim expenses
  Klaim bruto                        (1,563,968,772)    (1,038,015,748)                          Gross claims
  Klaim reasuransi                     1,173,490,990        748,821,752                   Reinsurance claims
Perubahan estimasi                                                                      Changes in estimated
  liabilitas klaim                    (167,577,843)      (542,038,288)                     claims liabilities
Perubahan aset reasuransi atas                                                 Changes in reinsurance assets
 estimasi liabilitas klaim              132,436,924        512,854,400         of estimated claims liabilities
Jumlah beban klaim, neto              (425,618,701)      (318,377,884)              Total net claim expenses
Beban usaha                           (650,253,169)      (514,369,266)                   Operating expenses
Pendapatan (beban) lain-lain, neto    1,103,215,851         58,885,989          Other income (expenses), net
JUMLAH BEBAN                             27,343,981      (773,861,161)                   TOTAL EXPENSES
LABA SEBELUM BEBAN PAJAK                                                       INCOME BEFORE FINAL TAX
FINAL DAN PAJAK PENGHASILAN           1,571,511,905        503,248,601        AND INCOME TAX EXPENSES
BEBAN PAJAK FINAL                      (34,506,734)       (15,681,704)                 FINAL TAX EXPENSE
LABA SEBELUM BEBAN                                                               INCOME BEFORE INCOME
PAJAK PENGHASILAN                     1,537,005,171        487,566,897                   TAX EXPENSES
BEBAN PAJAK PENGHASILAN               (291,342,466)       (85,588,079)              INCOME TAX EXPENSE
LABA TAHUN BERJALAN                   1,245,662,705        401,978,818             INCOME FOR THE YEAR




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Page 645
Lampiran II                                                                                    Attachment II

PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                        PARENT ENTITY
LAPORAN LABA RUGI DAN                                        STATEMENTS OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN (Lanjutan)                OTHER COMPREHENSIVE INCOME (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                      unless otherwise stated)


                                        2023              2022
                                         Rp                Rp
PENGHASILAN KOMPREHENSIF LAIN                                             OTHER COMPREHENSIVE INCOME
Pos yang tidak akan direklasifikasi                                           Items that will not be reclassified
  ke laba rugi:                                                                                to profit or loss:
  (Kerugian) keuntungan                                                                   Actuarial (loss) gain
     aktuarial atas liabilitas                                                           on post-employee
     imbalan pasca kerja                  7,556,359        25,789,728                       benefits liability
  Surplus revaluasi aset tetap              291,740           413,879       Fixed assets revaluation surplus
  Pajak penghasilan terkait pos                                              Income tax related to the items
     yang tidak akan direklasifikasi                                           that will not be reclassified
     ke laba rugi                        (1,662,399)       (5,673,740)                      to profit or loss
Pos yang akan direklasifikasi                                                 Items that will not be reclassified
  ke laba rugi:                                                                                to profit or loss:
  Keuntungan (kerugian) yang belum                                                      Unrealized gain (loss)
     direalisasi atas efek-efek                                                      on available-for-sale
     yang tersedia untuk dijual          40,123,547       (33,649,752)              marketable securities
  Pajak penghasilan terkait pos                                              Income tax related to the items
     yang tidak akan direklasifikasi                                           that will not be reclassified
     ke laba rugi                        (4,603,086)        3,623,022                       to profit or loss
Jumlah penghasilan komprehensif                                                     Total other comprehensive
  lain setelah pajak                     41,706,161        (9,496,863)                        income after tax
JUMLAH PENGHASILAN                                                                  TOTAL COMPREHENSIVE
KOMPREHENSIF TAHUN BERJALAN            1,287,368,866      392,481,955                INCOME FOR THE YEAR




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Page 646
Lampiran III                                                                                                                                                                                                     Attachment III
PT ASURANSI TUGU PRATAMA INDONESIA TBK                                                                                                                          PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                                                                                                                                 PARENT ENTITY
LAPORAN PERUBAHAN EKUITAS                                                                                                                                               STATEMENT OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir                                                                                                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                                                            December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                                                                                                                              (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                                                                                                                               unless otherwise stated)
                                                                                       (Kerugian)
                                                                                      keuntungan
                                                                                      yang belum
                                                                                    direalisasi atas
                                                                                        efek-efek
                                                                                    tersedia untuk
                                                                                     dijual - neto/            Surplus
                                                                                      Unrealized              revaluasi            Saldo laba/ Retained earnings
                                                              Tambahan              (loss) gain on           aset tetap/                                 Belum
                                                             Modal disetor/         available - for-        Fixed assets          Ditentukan           ditentukan
                                        Modal Saham/           Additional           sale marketable         revaluation         penggunaannya/      penggunaannya/         Jumlah Ekuitas/
                                        Share Capital        paid in capital        securities - net          surplus            Appropriated        Unappropriated         Total Equity
Saldo pada tanggal 31 Desember 2021         177,777,780           647,639,259              15,146,377             5,869,442          413,313,271        4,137,854,501         5,397,600,630         Balance as of December 31, 2021
Dividen                                               --                     --                        --                  --                   --       (126,592,141)         (126,592,141)                              Dividend
Laba tahun berjalan                                   --                     --                        --                  --                   --         401,978,818           401,978,818                    Income for the year
Management Employe Stock Option Plan              1,000                 27,420                         --                  --                   --                   --               28,420   Management Employe Stock Option Plan
Keuntungan yang belum direalisasi
  atas efek-efek tersedia untuk                                                                                                                                                                   Unrealized gain on available-for-sale
  dijual, neto setelah pajak                            --                     --        (30,026,730)                      --                   --                    --        (30,026,730)      marketable securities, net after tax
Pengukuran kembali liabilitas imbalan                                                                                                                                                                    Remeasurement of employee
  kerja setelah pajak                                 --                    --                     --                     --                   --           20,115,988            20,115,988              benefits liabilities after tax
Reklasifikasi dana tabarru'                           --                    --                     --                     --                   --         (12,230,872)          (12,230,872)               Tabarru' fund reclasification
Surplus revaluasi aset tetap                          --                    --                     --               413,879                    --                    --              413,879           Fixed asset revaluation surplus
Saldo pada tanggal 31 Desember 2022         177,778,780           647,666,679            (14,880,353)             6,283,321          413,313,271        4,421,126,294         5,651,287,992        Balance as of December 31, 2022
Dividen                                                 --                     --                      --                  --                   --      (229,570,820)         (229,570,820)                                  Dividend
Laba tahun berjalan                                     --                     --                      --                  --                   --      1,245,662,705         1,245,662,705                        Income for the year
Keuntungan yang belum direalisasi
  atas efek-efek tersedia untuk                                                                                                                                                                   Unrealized gain on available-for-sale
  dijual, neto setelah pajak                            --                     --          35,520,461                      --                   --                    --         35,520,461       marketable securities, net after tax
Pengukuran kembali liabilitas imbalan                                                                                                                                                                    Remeasurement of employee
  kerja setelah pajak                                 --                    --                      --                    --                   --           5,893,960             5,893,960               benefits liabilities after tax
Surplus revaluasi aset tetap                          --                    --                      --              291,740                    --                   --              291,740            Fixed asset revaluation surplus
Saldo pada tanggal 31 Desember 2023         177,778,780           647,666,679              20,640,108             6,575,061          413,313,271        5,443,112,139         6,709,086,038        Balance as of December 31, 2023
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Lampiran IV                                                                                         Attachment IV

PT ASURANSI TUGU PRATAMA INDONESIA TBK                       PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                              PARENT ENTITY
LAPORAN ARUS KAS                                                           STATEMENTS OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                           (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                            unless otherwise stated)


                                              2023               2022
                                               Rp                 Rp

ARUS KAS DARI                                                                                   CASH FLOWS FROM
AKTIVITAS OPERASI                                                                            OPERATING ACTIVITIES
Penerimaan kas dari tertanggung,                                                           Cash receipts from insured,
  reasuradur dan pelanggan                  5,735,288,993      5,110,630,958               reinsurers and customers
Pembayaran kas kepada tertanggung,                                                     Cash paid to insured, reinsurers,
  reasuradur, pemasok dan karyawan         (5,073,153,665)    (4,909,802,101)               suppliers and employees
Penerimaan atas litigasi                     1,112,349,363                 --              Cash receipts from litigation

Kas diperoleh dari operasi                  1,774,484,691        200,828,857         Cash generated from operations

Pembayaran pajak penghasilan                (191,666,518)         (8,338,000)                           Income tax paid
Penerimaan klaim atas pengembalian pajak       12,306,329                  --    Cash receipts from claim for tax refund

Kas bersih yang diperoleh dari                                                                Net cash provided from
  aktivitas operasi                         1,595,124,502        192,490,857                   operating activities

ARUS KAS DARI                                                                                    CASH FLOWS FROM
AKTIVITAS INVESTASI                                                                           INVESTING ACTIVITIES
Penerimaan bunga                              311,325,495        138,630,010                           Interest received
Penerimaan dividen                             18,871,667         12,760,586                         Dividends received
                                                                                             Proceeds from placement
Penempatan investasi, neto                 (1,715,277,666)     (240,092,333)                     of investments, net
Perolehan aset tetap dan                                                                    Acquisitions of fixed assets
  properti investasi                         (45,584,581)         (3,744,693)               and investment property
Kas bersih yang digunakan                                                                    Net cash provided used
  untuk aktivitas investasi                (1,430,665,085)      (92,446,430)                 in investing activities

ARUS KAS DARI                                                                                     CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                                       FINANCING ACTIVITIES
Tambahan modal disetor                                 --             28,420                   Additional paid in capital
Pembayaran dividen                          (229,570,820)      (126,592,141)                             Dividends paid
Pembayaran liabilitas sewa                    (2,602,347)        (2,220,965)                 Payment of lease liabilities
Kas bersih yang digunakan                                                                               Net cash used
  untuk aktivitas pendanaan                 (232,173,167)      (128,784,686)                  in financing activities

PENURUNAN                                                                                           NET DECREASE
 KAS DAN BANK NETO                           (67,713,750)       (28,740,259)                  IN CASH AND BANKS

                                                                                                CASH AND BANKS
KAS DAN BANK AWAL TAHUN                       374,077,638        402,817,897              AT BEGINNING OF YEAR

KAS DAN BANK AKHIR TAHUN                      306,363,888        374,077,638    CASH AND BANKS AT END OF YEAR




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Lampiran V                                                                                         Attachment V

PT ASURANSI TUGU PRATAMA INDONESIA TBK                      PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                             PARENT ENTITY
CATATAN ATAS INVESTASI PADA ENTITAS ANAK                        NOTES ON INVESTMENTS IN SUBSIDIARIES
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                          (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                           unless otherwise stated)


1.   Ikhtisar Kebijakan Akuntansi Penting                   1.   Summary Of Significant Accounting Policies

     Dasar Penyusunan Laporan Keuangan                           Basis of Preparation of The Separate
     Tersendiri                                                  Financial Statements
     Laporan keuangan tersendiri disusun sesuai                  The separate financial statements are
     dengan Pernyataan Standar Akuntansi                         prepared in accordance with the Statement of
     Keuangan (“PSAK”) No. 4 (Revisi 2013),                      Financial Accounting Standards (“SFAS”) No.
     “Laporan Keuangan Tersendiri”.                              4 (Revised 2013), “Separate Financial
                                                                 Statements”.

     Kebijakan akuntansi yang diterapkan oleh                    The accounting policies adopted by the
     Perseroan dalam penyusunan laporan                          Company in the preparation of the parent
     keuangan tersendiri entitas induk adalah                    entity’s separate financial statements are the
     sama dengan kebijakan akuntansi yang                        same as the accounting policies adopted in the
     diterapkan dalam penyusunan laporan                         preparation of the consolidated financial
     keuangan      konsolidasian     sebagaimana                 statements as disclosed in Note 2 to the
     diungkapkan dalam Catatan 2 atas laporan                    consolidated financial statements, except for
     keuangan konsolidasian, kecuali untuk                       investments in subsidiaries which are
     investasi pada entitas anak yang dicatat                    accounted for using cost method and
     dengan metode biaya dan investasi pada                      investments in special purpose entity mutual
     entitas bertujuan khusus-reksadana yang                     funds which are accounted for at net asset
     dicatat pada nilai aset bersih.                             value.


2.   Penyertaan Langsung Dan Investasi Di                   2.   Direct Participation And        Investment       In
     Entitas Bertujuan Khusus                                    Special Purpose Entity

     Pada tanggal 31 Desember 2023 dan 2022,                     As of December 31, 2023 and 2022, the parent
     entitas induk memiliki penyertaan langsung                  entity have     direct participation which
     pada entitas yang dicatat dengan biaya                      accounted at cost method as follows:
     perolehan sebagai berikut:

                                             2023                 2022
                                              Rp                   Rp
     Entitas anak                                                                                      Subsidiaries
     PT Tugu Pratama Interindo              1,704,883,676        1,704,883,676             PT Tugu Pratama Interindo
     Tugu Insurance Company Limited                                                  Tugu Insurance Company Limited
       (Hongkong)                            130,329,000          130,329,000                         (Hongkong)
     YHT & Company Limited                        97,227               97,227                YHT & Company Limited
     Entitas asosiasi                                                                              Associate entity
     PT Asuransi Samsung Tugu                 27,588,696           27,588,696             PT Asuransi Samsung Tugu
     Kepemilikan dibawah 20%                                                                 Ownership below 20%
     PT Reasuransi Maipark Indonesia          27,544,207           25,794,112        PT Reasuransi Maipark Indonesia
     Jumlah                                 1,890,442,806        1,888,692,711                                Total




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Page 649
Lampiran V                                                                                     Attachment V

PT ASURANSI TUGU PRATAMA INDONESIA TBK                 PT ASURANSI TUGU PRATAMA INDONESIA TBK
ENTITAS INDUK                                                                        PARENT ENTITY
CATATAN ATAS INVESTASI PADA ENTITAS ANAK                   NOTES ON INVESTMENTS IN SUBSIDIARIES
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam ribuan Rupiah,                                     (Expressed in thousands of Rupiah,
kecuali dinyatakan lain)                                                      unless otherwise stated)


2.   Penyertaan Langsung Dan Investasi Di              2.   Direct Participation And         Investment       In
     Entitas Bertujuan Khusus                               Special Purpose Entity

     Pada tanggal 31 Desember 2023 dan 2022,                As of December 31, 2023 and 2022, the
     entitas induk memiliki penyertaan langsung             parent entity also have investment in special
     pada entitas bertujuan khusus yang dicatat             purposes entities which accounted with
     dengan penilaian aset keuangan yang diatur             valuation requirement of financial assets as
     dalam PSAK No. 55 (Revisi 2014) sebagai                ruled by SFAS No. 55 (Revised 2014) as
     berikut:                                               follows:

                                          2023               2022
                                           Rp                 Rp
     Reksa Dana Pendapatan Tetap BNI-AM                                    Reksa Dana Pendapatan Tetap BNI-AM
       Prioritas Optima                           --         179,605,347                     Prioritas Optima
     Reksa Dana Trimegah Dana Obligasi                                       Reksa Dana Trimegah Dana Obligasi
       Nusantara                                  --         105,916,326                            Nusantara
     Reksa Dana Bahana Pratama                                                     Reksa Dana Bahana Pratama
       Pendapatan Tetap                           --          56,550,687                   Pendapatan Tetap
     Jumlah                                       --         342,072,360                                   Total




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 Halaman Ini Sengaja Dikosongkan
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Page 651

          
Page 652
Optimizing Innovation,
Achieving Higher Excellence

2023       Laporan Tahunan
           Annual Report




PT Asuransi Tugu Pratama Indonesia Tbk

Head Office:
Wisma Tugu I
Jl. H.R. Rasuna Said Kav. C 8-9
Jakarta 12920, Indonesia
Phone : (62-21) 529 61 777 (hunting)
Fax       : (62-21) 529 61 555
email : calltia@tugu.com




                          Berizin dan Diawasi oleh
                        Otoritas Jasa Keuangan (OJK)
                                                       www.tugu.com

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Names mentioned 169 people and organisations named in the text · linked when the evidence is strong

linked org Asuransi Tugu Pratama Indonesia Tbk · Nama Perusahaan p.1 ×459
linked org PT Bank Jabar Banten Syariah p.32 ×5
linked person Dian Masyita · Presiden Komisaris p.40 ×27
linked person Poerwo Tjahjono · Komisaris Independen p.47 ×17
linked person Bagus Agung Rahadiansyah · Komisaris p.48 ×20
linked person Tatang Nurhidayat · Presiden Direktur p.49 ×25
linked person Emil Hakim · Direktur p.57 ×21
linked person Ery Widiatmoko · Direktur p.57 ×18
linked org Dana Pensiun p.68 ×5
linked org Citibank NA p.97 ×2
linked org PT Pertamina Geothermal Energy p.99 ×4
linked org PT Pertamina Patra Niaga · Director p.99
linked org PT Pertamina Hulu Energi p.103
linked org PT Asuransi Bintang p.109 ×2
linked org Astra International p.113 ×2
linked — Samsung Fire and Marine p.131
linked org Pemerintah RI p.133
linked person Ahmad Siddik Badruddin p.134 ×2
possible org Otoritas Jasa Keuangan p.5 ×18
possible org PT Pertamina (Persero) p.28 ×43
possible org UOB Kay Hian Pte. Ltd. p.28 ×7
possible org PT Bursa Efek Indonesia p.37 ×7
possible person Tajudin Noor · Komisaris Independen p.47 ×12
possible person Edi Yoga Prasetyo* · Direktur Kepatuhan & Manajemen Risiko p.58 ×13
possible person Sudarlin* · Direktur Teknik p.58 ×5
possible org Negara Republik Indonesia p.64
possible person H. T. Muhammad p.87
possible person Hendra Wijaya p.90
possible person Achmad Taufik p.91
possible person Rachmat Hidayat p.91
possible person Satria S.H. p.95 ×2
possible org PT Danareksa (Persero) p.97
possible org PT Nusantara p.104
possible org Pemerintah Republik Indonesia p.134
possible org PT Pegadaian (Persero) p.197
unresolved org PT Asuransi Tugu Pratama p.2 ×5
unresolved org Indonesia Tbk p.2 ×3
unresolved org PT Asuransi Tugu p.2 ×5
unresolved org Pratama Indonesia Tbk p.2 ×5
unresolved org Tugu Pratama Indonesia Tbk. p.2 ×14
unresolved org Milik Negara p.3 ×3
unresolved org Kecil Menengah p.3
unresolved person Information Regarding Affiliation · Komisaris p.4
unresolved org Penjualan p.5
unresolved org Bank Jabar Banten Syariah The Signing p.32
unresolved org Bank Jabar Banten Syariah Unit Syariah Tugu Insurance p.32
unresolved org Mendapatkan Akses Pelayanan Kesehatan Indonesia Tbk p.33
unresolved org Yayasan Pita Kuning Anak Indonesia p.33
unresolved org Yayasan Karya Salemba Empat p.34
unresolved org PT Bursa Efek Indonesia Peraturan No. I-E p.37
unresolved org Indonesia Stock Exchange p.37 ×3
unresolved org Financial Services Authority p.41 ×18
unresolved org Bank Indonesia p.44 ×21
unresolved org Bank Indonesia's Kebijakan p.44
unresolved person Amelia Kurniawan · Komisaris p.47 ×2
unresolved — Rahadiansyah p.47
unresolved person Adi Zakaria Afiff · Komisaris Independen p.47 ×2
unresolved — Samuel Lie (Samuel Ramna)* · Komisaris p.48 ×11
unresolved — kesempatan ini, kami ingin menyampaikan rasa terima · On this occasion, we would like to express our gratitude to p.48
unresolved — atas kepercayaan dan dukungannya. Apresiasi terdalam · We also extend our deepest appreciation to the Board of p.48
unresolved — berkembang. Semoga pertumbuhan berkelanjutan · shared goal of sustainable growth will inspire all of the p.48
unresolved — dicita-citakan bersama akan selalu mendorong semangat · Company's personnel to keep pushing forward and take the p.48
unresolved org Bank Indonesia Institutional Triwulan IV p.54
unresolved org Kota Nusantara p.54
unresolved — Prior the AGMS 28 April 2023 p.57 ×2
unresolved — Korporat. p.57
unresolved person Budi P. Amir · Direktur p.57 ×2
unresolved person Syaiful Azhar · Direktur p.58 ×2
unresolved — Technical p.58 ×2
unresolved org Tugu Insurance pada 31 p.58
unresolved org Menteri Kehakiman Republik Indonesia p.64
unresolved person Tan Thong Kie p.64 ×2
unresolved org Minister of Justice p.64 ×3
unresolved org PT Tugu Pratama p.65 ×3
unresolved org PT Tugu Pratama Indonesia Indonesia p.65
unresolved person Thong Tan Kie · Notaris p.65
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik Indonesia p.65
unresolved org Minister of Law and Human Rights p.65
unresolved person Fathiah Helmi p.67
unresolved org Menteri Hukum dan Hak Asasi p.67
unresolved org Asuransi Tugu Indonesia Tbk. p.67 ×2
unresolved org PT Tugu Pratama Interindo p.68 ×3
unresolved org PT Tugu Pratama Holding. (Persero) p.68 ×4
unresolved org PT Asuransi Jiwa Tugu Mandiri p.68 ×2
unresolved org PT Tugu Reasuransi Indonesia p.68 ×2
unresolved org Dana Pensiun Pertamina. p.68
unresolved org Kementerian Badan Usaha Milik Negara p.73 ×2
unresolved org Departemen Umum p.76
unresolved org Direktorat Jenderal Moneter Dalam Negeri p.76
unresolved org Ministry of Finance p.77 ×4
unresolved org Directorate General of Domestic Monetary Affairs p.77 ×2
unresolved org PT Tugu Pratama License p.77
unresolved org Minister of Finance p.77
unresolved org PT Tugu Pratama Indonesia No. KEP-I p.77
unresolved person Dr. Cipto p.87
unresolved org London Tugu Insurance Company Limited p.88
unresolved org TRB Limited p.88
unresolved org Internal Audit Group Head Tugu Pratama Indonesia Tbk. p.90
unresolved person RUPST · Commissioner p.92
unresolved — West Java. Diangkat · Presiden Komisaris p.95
unresolved person Notary Jose Dima Satria S.H. · Notaris p.95 ×15
unresolved org Nasional Sertifikasi p.95 ×3
unresolved org Ministry of Research p.95 ×2
unresolved org Kementerian Keuangan p.95 ×3
unresolved org Bank Indonesia Supervision Hibah Badan Supervisi Bank Indonesia p.95
unresolved org Supervisi Bank Indonesia p.95
unresolved — South Jakarta. Diangkat · Komisaris p.97
unresolved org Shanghai Banking Corporation Limited Jakarta Branch Banking Corporation p.97
unresolved org PT Bank ANZ Head p.97
unresolved org PT Bank ANZ Indonesia p.97 ×2
unresolved org PT Bank ANZ p.97
unresolved — West Java. Menjabat · Komisaris Independen p.99
unresolved — Served · Independent Commissioner p.99 ×2
unresolved org PT HRD p.99
unresolved org PT HRD Indonesia p.99
unresolved org PT Bina p.99
unresolved org PT Bina Kompetensia Pesona p.99
unresolved org PT BSI Group Indonesia p.99 ×2
unresolved org PT Pertamina Lubricants · Direktur p.99 ×2
unresolved — Patra Niaga · Direktur p.99
unresolved org PT Pertamina International Timor p.99 ×2
unresolved org PT Pertamina International Shipping p.99 ×2
unresolved — North Jakarta. Menjabat · Komisaris p.101
unresolved org PT Nusantara Sugihartana p.101
unresolved org PT Nusantara Sugihartana Internasional p.101 ×2
unresolved — South Jakarta. Menjabat · Komisaris Independen p.103
unresolved org Nasional p.103
unresolved org PT Pertamina Tongkang p.103 ×2
unresolved org Non Executive Non-Executive Director Pertamina Energy Trading Limited p.103
unresolved org Pertamina Energy Trading Limited p.103
unresolved org PT Patra Jasa. Beliau p.103
unresolved org PT Patra Jasa. He p.103
unresolved org PT Pertamina Hulu p.103
unresolved person Pemantau Risiko · Komisaris p.104
unresolved — Universit · President Commissioner p.104
unresolved org Perbankan Syariah Universit · Ketua p.104
unresolved org Syariah · Komisaris p.105 ×6
unresolved person Sharia · Commissioner p.105 ×4
unresolved org PT Asuransi Adira Dinamika p.109 ×2
unresolved org PT Asuransi Takaful Umum p.109
unresolved org PT LSP Perasuransian Syariah p.109 ×2
unresolved org PT Asuransi Bintang Wakil Ketua Umum Asosiasi Asuransi p.109
unresolved org Yayasan Asuransi Indonesia. p.109
unresolved org PT Pertamina Internasional Penugasan p.111
unresolved org PT Pertamina Internasional p.111
unresolved org PT Pertamina Geothermal Energy Vice President Treasury p.111
unresolved org PT Asuransi Astra Buana p.113
unresolved org PT Reasuransi Maipark Indonesia p.118 ×2
unresolved org PT Pratama Mitra Sejati p.118
unresolved org PT Pratama Mitra Services p.118
unresolved org PT Dantindo Entrycom p.131
unresolved org Samsung Fire and Marine Insurance Co. Ltd. p.131
unresolved org Marine Insurance Co. Ltd. p.131
unresolved org Kementerian BUMN Indonesia Goverment p.133
unresolved org Government of the Republic of Indonesia p.134
unresolved org Ministry of State-Owned Enterprises p.134
unresolved person Bambang Suswantono p.134 ×2
unresolved person H. Achsien p.134 ×2
unresolved org PT Bank Ekspor Impor Indonesia (Persero) p.197
unresolved org PT Bahana TCW Investment Management p.197
unresolved org PT Pupuk Kalimantan Timur p.197
unresolved org Aneka Gas Industri Tbk p.197 ×2
unresolved org PT Petrokimia Gresik p.197
unresolved org Kementerian BUMN p.208
unresolved org Milik Negara No. SK- p.208
unresolved person Very Good · Komisaris p.208
unresolved person Other Functions · Komisaris p.210
unresolved — SKD · Director p.211 ×3

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