JAKARTA - PT Asuransi Tugu Pratama Indonesia Tbk (TUGU) recorded positive performance in the first quarter of 2026 amid increasing global geopolitical uncertainty and energy price volatility.
The Company recorded net profit of IDR 265.62 billion, reflecting the fundamental resilience of the business amid market dynamics and the adjustment of new accounting standards.
Director of Finance & Corporate Services of Tugu Insurance, Fitri Azwar, said that the first quarter of 2026 was a period of dynamism for the insurance industry.
However, the Company continues to maintain a balance between business growth and risk management.
"In the midst of increasing global geopolitical uncertainty and energy price volatility, the Company remains focused on maintaining the quality of business growth. Disciplined underwriting, portfolio strengthening, and measured risk management are important foundations for Tugu Insurance to maintain a healthy and sustainable performance," said Fitri.
In the first quarter of 2026, according to the record using PSAK 117, the company recorded Insurance Service Revenue of IDR 2.57 trillion, an increase of 5.96 percent from the same period last year which was recorded at IDR 2.42 trillion.
Meanwhile, Insurance Service Revenue reached IDR 461.01 billion, an increase of 2.18 percent compared to the same period last year which was recorded at IDR 451.16 billion.
This performance is supported by the selective portfolio management of the fire & property, offshore, and marine cargo lines, which have been one of the main contributors to Tugu Insurance.
The Company's investment income was recorded at IDR 88.17 billion in the first quarter of 2026, reflecting prudent portfolio management amid financial market dynamics.
Next, Other Operating Income was recorded at IDR 156.02 billion, an increase of 31.25 percent compared to IDR 118.88 billion in the same period last year.
This achievement reflects the role of the subsidiary in strengthening the diversification of the Company's revenue sources.
Fitri also conveyed that the capital structure remained strong to support the sustainability of the Company's business. Total Equity is solid at Rp10.17 trillion, with Risk Based Capital (RBC) at 420.5 percent.
Meanwhile, the Company's total assets were recorded at Rp29.69 trillion as of the end of March 2026.
"The solid capital structure provides flexibility for the Company to maintain the stability of performance while supporting the agenda for future growth. The Company will continue to ensure that capital management is carried out prudently, in line with the commitment to maintain the fundamentals and added value for all stakeholders," said Fitri.
Fitri added that the Company continues to ensure the quality of financial reporting in line with applicable accounting standards.
"The implementation of PSAK 117 is part of the Company's efforts to improve the quality and transparency of financial reporting. The Company continues to ensure that the performance achieved is supported by healthy fundamentals, proper risk management, and a strong financial structure," he said.
Going forward, Tugu Insurance will continue to strengthen its business fundamentals and improve its growth quality while maintaining the principle of prudence.
The Company will also optimize portfolio management, maintain risk discipline, and strengthen the contribution of its subsidiaries as part of Tugu Insurance's growth strategy.
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