JAKARTA. PT Asuransi Ramayana Tbk (ASRM) scored a net profit of IDR 33.18 billion in Q1 2021, increasing 10.24% year-on-year (yoy) compared to Q1 2020 gain.
In its recently released financial report, ASRM management indicated that this gain resulted from underwriting revenue reaching IDR 416 billion, growing by 11.2% yoy.
In Q1 2021, the underwriting activities by ASRM brought in IDR 95.62 billion. Furthermore, the company managed to earn extra profit from the investment of IDR 3.02 billion.
According to idnfinancials.com, ARSM is an insurance company established in 1956. It was listed on Indonesia Stock Exchange in 1990. As of March 2021, the company’s total assets amounted to IDR 1.72 trillion.
Its President Director and Commissary control 51.17% of ASRM’s stock. Another 11.39% belongs to Wirastuti Puntaraksma, 10.57% to PT Ragam Venturindo, 10% Korean Reinsurance Company, and the remaining 17.87% is dispersed among public investors. (KR/ZH)