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Asuransi Jiwa Sinarmas MSIG, PT (Indonesia)

Main Activities: Funds, Trusts, and Other Financial Vehicles
Full name: Asuransi Jiwa Sinarmas MSIG, PT Profile Updated: January 24, 2020
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PT Asuransi Jiwa Sinarmas MSIG (Sinarmas MSIG Life) started to engaged in the local life insurance industry on April 14, 1985 as PT Asuransi Jiwa Purnamala Internasional Indonesia. After changing its name twice – as PT Asuransi Jiwa Eka Life in 1989 and PT Asuransi Jiwa Sinarmas in 2007, PT Asuransi Jiwa Sinarmas MSIG emerged as a joint venture company equally owned at 50% each by PT Sinar Mas Multiartha Tbk and Japan’s insurance powerhouse, Mitsui Sumitomo Insuranca Co., Ltd. in 2011. Meanwhile, Sinarmas MSIG Life’s operations in 57 cities, 65 service and marketing offices are supported by over 800 employees and approximately 8,200 sales force to serve 1.2 million individual and group customers in 2018.

Headquarters
3A Floor, Sinarmas MSIG Tower, Jl. Jend. Sudirman Kav. 21
South Jakarta; Jakarta; Postal Code: 12920

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Website: http://www.sinarmasmsiglife.co.id

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
April 14, 1985
Key Executives
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President Director
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President Commissioner
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Director
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Director
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Director
Ownership Details
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0.5%
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0.5%
Company Performance
Financial values in the chart are available after Asuransi Jiwa Sinarmas MSIG, PT report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IDR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
171.31%
Operating profit (EBIT)
-9.35%
Net Profit (Loss) for the Period
-31.57%
Total assets
-5.72%
Investments
-5.2%
Receivables
53.57%
Total equity
-16.54%
Return on Equity (ROE)
-1.05%
Loss Ratio
97.55%

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