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20240331_LIFE_Laporan Informasi dan Fakta Material_31621270_lamp6.pdf
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Extracted text 3
Page 1
December, December, %
ASSETS Note
2023 2022 Incr/(Dec)
Cash on hand and in banks 780.815 1.363.572 -42.74% A
Premium receivables 48.592 53.968
Coinsurance receivables 0 32.808 -100.00% B
Investment receivables 157.775 173.175
Reinsurance Assets 59.745 34.267 74.35% C
Other Receivables 22.416 14.520 54.38% D
Prepaid Expenses 141.677 101.610 39.43% E
Investments 13.202.709 13.143.571
Policy loans 2.452 2.262
Fixed assets, net 155.457 175.816
Right use of assets 16.360 12.100 35.21% F
Other Assets 365.958 428.773
TOTAL ASSETS 14.953.956 15.536.442
The explanation of increase/decrease of asset as of December 31, 2023:
Note Explanation
A The significant decrease in cash on hand and in banks is due to investing activities
B In 2023, the Company did not renew its coinsurance contract with PT Tokio Marine Life Insurance
Indonesia and has received all receivables from PT Tokio Marine Life Insurance Indonesia
C The significant increase in Reinsurance assets non-receivables for credit life product
D The significant increase in excess charges which would be settled in Jan and Feb 2024 is IDR 8 billion
E The significant increase in prepaid expenses - commissions to agent
F Increase in right use of assets due to extention of rental period
Page 2
December, December,
LIABILITIES AND EQUITY % Incr/(Dec) Note
2023 2022
LIABILITIES
Due to Reinsurers 51.227 17.562 191.69% G
Due to Coinsurers 0 29.043 -100.00% H
Commissions payable 76.227 74.378
Accrued expenses 93.919 91.600
Employee benefits liability 18.301 34.456 -46.89% I
Lease liabilities 14.696 9.050 62.39% J
Taxes payable 8.678 6.728
Deferred Tax Liabilities 36.765 31.065
Other liabilities 299.805 229.676 30.53% K
Unearned Ujrah 57.642 61.076
Liabilities to policy holders :
Liability for future policy benefits 2.300.729 2.356.748
Liability for unit link 3.559.673 4.202.654
Unearned premiums 180.102 92.318 95.09% L
Estimated claims liability 264.937 154.529 71.45% M
Claims payable 53.140 75.304 -29.43% N
Policyholders' deposits 205.749 103.638 98.53% O
Total Liabilities to policyholders 6.564.330 6.985.191
TOTAL LIABILITIES 7.221.590 7.569.825
PARTICIPANTS' FUND 240.831 282.047
EQUITY
Share Capital
Share capital - Rp100 (full amount) par value per share
Authorized, issued and fully paid - 2,100,000,000 (full
amount) shares 210.000 210.000
Additional paid-in capital 6.842.500 6.842.500
Unrealize gain on changes in fair value of securities at
fair value through other comprehensive income - net 191.502 136.491
Allowance for impairment losses on securities
measured at fair value through other comprehensive
income 2.280 2.782
Revaluation surplus on land and buildings - net 107.257 111.259
Retained earning 137.996 381.538
TOTAL EQUITY 7.491.535 7.684.570
TOTAL LIABILITIES, PARTICIPANTS' FUND AND EQUITY 14.953.956 15.536.442
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The explanation of increase/decrease of liabilities as of December 31,
2023:
Note Explanation
G The significant increase in Due to reinsurers by whole life product and recovery claim for credit life product
H In 2023, the Company did not renew its coinsurance contract with PT Tokio Marine Life Insurance Indonesia
and has received all receivables from PT Tokio Marine Life Insurance Indonesia
I The significant decrease Employee Benefit liability from increase in fair value of plan assets
J Increase in Lease liabilities due to extention of rental period
K Increase in other liabilities due to allowance for such pending lawsuits filed against the Company is IDR 90
billion
L Increase in UPR mainly caused by significant increase of health individual production during 2023
M Increase mainly caused by increase in Claim in Process (80,860 million) and IBNR (29,361 million)
N The siginficant decrease in due to non traditional product claim payable setlement in 2023
O Increase in Policyholders' deposits due to deposit premium in advance
Names mentioned 3 people and organisations named in the text · linked when the evidence is strong
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PT Tokio Marine Life Insurance Indonesia
p.1 ×2
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PT Tokio Marine Life Insurance Indonesia C
p.1
unresolved
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PT Tokio Marine Life Insurance Indonesia I
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