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Reasuransi Indonesia Utama (Persero), PT (Indonesia)

Main Activities: Funds, Trusts, and Other Financial Vehicles
Full name: Reasuransi Indonesia Utama (Persero), PT Profile Updated: January 24, 2020
Buy our report for this company USD 19.99 Most recent financial data: 2019 Available in: English Download a sample report

PT Reasuransi Indonesia Utama (Persero) or refer to as Indonesia Re was established on November 30, 1985 under the name PT Asuransi Ekspor Indonesia (Persero). The company is engaged in insurance to support the development of non-oil and gas export. In 2013, the Ministry of State-Owned Enterprises set up a National Reinsurance Company to cope with the high payment of reinsurance premiums to overseas companies. Thus PT Asuransi Ekspor Indonesia (Persero) appointed to be the National Reinsurance Company with core business of reinsurance. After the turnaround of the company’s business, PT Asuransi Ekspor Indonesia (Persero) transformed or changed its name to PT Asei Reasuransi Indonesia (Persero) or Asei Re. On the discourse of merging the reinsurance companies by the Ministry of State-Owned Enterprises, on December 22, 2014, Asei Re then changed its name to PT Reasuransi Indonesia Utama (Persero) or Indonesia Re. Continuing the merger process, on June 23, 2016 at the Ministry of State-Owned Enterprises, the signing of the merger deed of PT Reasuransi Internasional Indonesia (ReINDO) into Indonesia Re was held. In connection to the merger, ReINDO will transfer all conventional reinsurance portfolio to Indonesia Re without any pre-liquidation process. Indonesia Re, which shares are 100% owned by the Government of the Republic of Indonesia, as of December 31, 2018 employed 574 people.

Headquarters
Jl. Salemba Raya No. 30
Central Jakarta; Jakarta; Postal Code: 10430

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

Basic Information
Total Employees:
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Incorporation Date:
November 30, 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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1%
Company Performance
Financial values in the chart are available after Reasuransi Indonesia Utama (Persero), 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
6.02%
Operating profit (EBIT)
-23.16%
Net Profit (Loss) for the Period
8.09%
Total assets
12.57%
Investments
7.88%
Receivables
33.84%
Total equity
11.08%
Net Profit Trend
-22.39%
Return on Equity (ROE)
-0.19%

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