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Indonesian (IDX) Insurance Industry Analysis

UpdatedSep 29, 2025
DataAggregated Company Financials
Companies22
  • 7D-4.0%
  • 3M9.6%
  • 1Y22.8%
  • YTD22.4%

Over the last 7 days, the Insurance industry has dropped 4.0%, driven by MSIG Life Insurance Indonesia declining 21%. Over the past 12 months, the industry was up 23%.

Industry Valuation and Performance

Has the Indonesian Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Sep 2025Rp210.5tRp75.9tRp6.5t21.4x32.6x2.8x
Wed, 27 Aug 2025Rp225.3tRp75.9tRp6.5t16.7x34.8x3x
Fri, 25 Jul 2025Rp217.5tRp74.1tRp5.8t19.4x37.3x2.9x
Sun, 22 Jun 2025Rp193.8tRp74.1tRp5.9t19.2x33.1x2.6x
Tue, 20 May 2025Rp189.9tRp74.3tRp5.5t19.5x34.6x2.6x
Thu, 17 Apr 2025Rp181.2tRp75.2tRp5.7t17.7x31.8x2.4x
Sat, 15 Mar 2025Rp177.9tRp74.0tRp3.9t17.6x45.9x2.4x
Mon, 10 Feb 2025Rp177.4tRp73.9tRp3.9t16.3x45.9x2.4x
Wed, 08 Jan 2025Rp169.8tRp89.9tRp4.5t16.5x37.4x1.9x
Fri, 06 Dec 2024Rp170.1tRp90.2tRp4.6t19.3x37.4x1.9x
Sun, 03 Nov 2024Rp176.3tRp95.3tRp4.5t20.9x39.4x1.9x
Tue, 01 Oct 2024Rp170.0tRp90.0tRp4.2t33.2x40.4x1.9x
Thu, 29 Aug 2024Rp165.1tRp90.0tRp4.2t37.6x39.2x1.8x
Sat, 27 Jul 2024Rp161.0tRp89.6tRp4.4t21.8x36.2x1.8x
Mon, 24 Jun 2024Rp159.3tRp89.6tRp4.4t21.4x36x1.8x
Wed, 22 May 2024Rp159.7tRp88.5tRp4.3t24.3x37.5x1.8x
Fri, 19 Apr 2024Rp163.2tRp90.6tRp5.1t25.9x31.8x1.8x
Sun, 17 Mar 2024Rp162.8tRp58.2tRp6.0t18.9x27.3x2.8x
Tue, 13 Feb 2024Rp171.5tRp58.4tRp6.0t21.1x28.6x2.9x
Thu, 11 Jan 2024Rp173.6tRp58.5tRp6.0t21.3x28.9x3x
Sat, 09 Dec 2023Rp158.2tRp60.0tRp5.8t21.5x27.1x2.6x
Mon, 06 Nov 2023Rp167.7tRp59.8tRp6.0t47.8x28x2.8x
Wed, 04 Oct 2023Rp158.4tRp60.8tRp6.1t41.7x25.8x2.6x
Fri, 01 Sep 2023Rp161.8tRp60.8tRp6.1t42.6x26.3x2.7x
Sun, 30 Jul 2023Rp164.7tRp64.3tRp6.0t39.3x27.6x2.6x
Tue, 27 Jun 2023Rp163.8tRp64.3tRp6.0t38.3x27.5x2.5x
Thu, 25 May 2023Rp166.4tRp69.7tRp5.7t36x29.3x2.4x
Sat, 22 Apr 2023Rp166.3tRp70.8tRp4.9t29.2x34.3x2.3x
Mon, 20 Mar 2023Rp167.8tRp71.0tRp4.1t12.5x41.2x2.4x
Wed, 15 Feb 2023Rp172.4tRp71.0tRp4.1t12.5x42x2.4x
Fri, 13 Jan 2023Rp166.4tRp71.0tRp4.1t12.5x40.6x2.3x
Sun, 11 Dec 2022Rp171.4tRp71.0tRp4.1t15.6x41.8x2.4x
Tue, 08 Nov 2022Rp176.8tRp69.3tRp2.6t18.5x67.8x2.5x
Thu, 06 Oct 2022Rp177.8tRp69.1tRp2.6t17.7x67.8x2.6x
Price to Earnings Ratio

67.8x


Total Market Cap: Rp177.8tTotal Earnings: Rp2.6tTotal Revenue: Rp69.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Insurance Industry Price to Earnings3Y Average 37.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Indonesian Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.6x which is lower than its 3-year average PE of 37.1x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 3.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indonesian Financials industry?

ID Market1.40%
Financials-0.10%
Insurance-3.95%
Property and Casualty Insurance1.77%
General Insurance-2.68%
Reinsurance-4.12%
Life and Health Insurance-5.63%
Industry PE
  • Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 86.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 64.3x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GSMF Equity Development InvestmentRp97.004.3%
+Rp56.9b		86.5%PE29.3x
BHAT Bhakti Multi ArthaRp885.001.1%
+Rp50.0b		68.6%PS20.5x
LPGI Lippo General InsuranceRp460.002.2%
+Rp30.0b		22.3%PE10x
ASRM Asuransi RamayanaRp298.008.8%
+Rp29.2b		-21.2%PE7.4x
YOII Asuransi Digital BersamaRp102.004.1%
+Rp13.7b		n/aPE25.2x

Latest News

LIFE
Rp9,700.00
MSIG Life Insurance Indonesia
7D
-22.4%
1Y
17.2%
MREI
Rp910.00
Maskapai Reasuransi Indonesia
7D
-6.2%
1Y
-9.5%
PNLF
Rp244.00
Panin Financial
7D
-0.8%
1Y
-43.5%
MTWI
Rp350.00
Malacca Trust Wuwungan Insurance
7D
0.6%
1Y
128.8%
GSMF
Rp97.00
Equity Development Investment
7D
4.3%
1Y
86.5%
PNIN
Rp805.00
Paninvest
7D
-1.8%
1Y
-19.1%
BHAT
Rp885.00
Bhakti Multi Artha
7D
1.1%
1Y
68.6%
SMMA
Rp15,375.00
Sinar Mas Multiartha
7D
-0.5%
1Y
5.3%
LPGI
Rp460.00
Lippo General Insurance
7D
2.2%
1Y
22.3%
AMAG
Rp362.00
Asuransi Multi Artha Guna
7D
-1.6%
1Y
3.4%
TUGU
Rp1,010.00
Asuransi Tugu Pratama Indonesia
7D
-1.9%
1Y
-15.5%
ASMI
Rp37.00
Asuransi Maximus Graha Persada
7D
-11.9%
1Y
270.0%
ASRM
Rp298.00
Asuransi Ramayana
7D
8.8%
1Y
-21.2%
YOII
Rp102.00
Asuransi Digital Bersama
7D
4.1%
1Y
n/a
ASJT
Rp117.00
Asuransi Jasa Tania
7D
1.7%
1Y
2.6%
VINS
Rp143.00
Victoria Insurance
7D
4.4%
1Y
20.2%