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Marein aims to generate Rp 181 billion in profit this year

23 May 2019 14:26

JAKARTA. PT Maskapai Reasuransi Indonesia Tbk (Marein) aims to generate Rp 181 billion in current year profit in 2019,  28.7% higher than its record in 2017 of Rp 140.8 billion.

President Director of Marein, Robby Loho, said that it was optimistic that it could reach the target because of better estimates of underwriting results and investment returns in the year. "Last year's underwriting results and investment returns declined, along with the increase in claims due to disasters in several regions in Indonesia. So that in terms of industry, it also declined," he said. The profit target has been set in the Annual Work Plan (RKAT) for 2019-2020.

The RKAT further revealed the company's projection of the current year profit is based on gross premium income in 2019, which is expected to reach Rp 2.77 trillion, 24.99% higher than the realization in 2018 of Rp 2.21 trillion.

Meanwhile, Marein set its RBC above 200% in 2019, in anticipation of a joint venture with other companies. (AM/AR)

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