Soaring 60.61 Percent, Taspen Life's Net Profit Reaches IDR 35.44 Billion In Six Months This Year

JAKARTA - PT Asuransi Jiwa Taspen (Taspen Life) posted a profit of IDR 35.44 billion in the first semester of 2022. The record grew by 60.61 percent, when compared to the same period in the previous year.

Taspen Life President Director Ibnu Hasyim said, Taspen Life managed to survive the COVID-19 pandemic and again gave the best performance in serving participants throughout Indonesia. "This is reflected in the company's profit achievement, which is also proof that the company is in a healthy condition," he said in a statement quoted by Antara, Monday, August 22.

He explained that the company's soundness level was also reflected in the Risk- based Capital (RBC) ratio in the first semester of 2022 of 169.99 percent, which is above the minimum required limit of 120 percent.

Taspen Life, he continued, will continue to optimize the company's revenue in line with the increasing activity and economy of the community.

"These efforts include innovating and optimizing both in terms of business processes, insurance products, and marketing aimed at increasing market share," said Ibnu.

Previously, for its 2021 performance, the company won the Insurance Awards 2022 from Infobank with the predicate VERY GOOD for the Life Insurance Group with Gross Premiums of IDR 1 Trillion - IDR 5 Trillion.

In addition, Taspen Life also received the Best Insurance 2022 award from Investor Magazine for the category of Life Insurance with Assets above IDR 5 trillion - IDR 10 trillion.

The company's good performance is also to convince the general public and Taspen Life participants in particular, that all premiums and insurance benefit payments are safe.

Taspen Life remains committed to fulfilling the company's obligations to participants and providing professional services, prioritizing the principles of prudence (Good Corporate Governance) and the interests of all participants.