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Commonwealth Life, PT (South Jakarta) (Indonesia)

Main Activities: Funds, Trusts, and Other Financial Vehicles
Full name: Commonwealth Life, PT Profile Updated: January 24, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Indonesian Download a sample report

PT Commonwealth Life (the Company) was established in 1990 under the name of PT Asuransi Jiwa Sedaya. Following the incorporation of Group Commonwealth Bank of Australia (CBA) as the Company’s shareholder in 1992, the Company’s name changed to PT Astra Jardine CMG Life. After obtaining its business license as an insurance company on August 6, 1993, the Company has started its operation as a life insurance company in Indonesia effectively. The name of PT Commonwealth Life was launched in 2007, together with the changes in the Company’s shareholders’ composition, wherein CBA through its subsidiaries, CMG Asia Life Holdings Limited and Commonwealth International Holdings Pty Limited, became the Company’s major shareholders. As of December 31, 2018, the Company has developing its products and services in more than 20 cities in Indonesia, supported by more than 4,000 agents throughout Indonesia, providing services for more than 500,000 individual and group customers.

Headquarters
8th Floor, WTC 6, Jl. Jendral Sudirman Kav. 29-31
South Jakarta; Jakarta; Postal Code: 12920

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

Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
1992
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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0.3%
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0.2%
Company Performance
Financial values in the chart are available after Commonwealth Life, PT (South Jakarta) 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
-2.52%
Operating profit (EBIT)
3105.28%
Net Profit (Loss) for the Period
-29.01%
Total assets
-0.94%
Investments
-3.59%
Receivables
42%
Total equity
9.24%
Return on Equity (ROE)
-8.28%

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