Tugu Insurance posts IDR229 billion profit in Q3
JAKARTA - In the midst of the challenges of the global impact of the Covid-19 pandemic, the financial performance of PT Asuransi Tugu Pratama Indonesia Tbk (TUGU) managed to record a consolidated profit for the year of Rp229 billion as of the end of September 2021.
Tugu Insurance's positive performance was contributed by its underwriting income of Rp1.5 trillion, an increase of 7.5% compared to the same period in the previous year of Rp1.4 trillion and investment returns which recorded Rp233 billion, an increase of 17.8% compared to the previous period. same amount in the previous year of Rp198 billion.
Premium production in Q3-2021 at the parent company was contributed from Class of Business (COB) fire insurance of Rp 955 billion, up 61% from the previous year which was Rp 593 billion, and motor vehicle insurance of Rp 233 billion, up 62% from the previous year which amounted to Rp. 144 billion.
Indra Baruna as President Director explained that Tugu Insurance continues to make various efforts to grow by taking advantage of the momentum of economic recovery by providing additional value for customers through better customer journeys for the insured. (LM)