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Indonesian (IDX) Insurance Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies22
  • 7D2.8%
  • 3M-1.2%
  • 1Y-7.9%
  • YTD0.8%

The Insurance industry is up 2.2% in the last week, with Sinar Mas Multiartha up 4.5%. Meanwhile, MSIG Life Insurance Indonesia actually underperformed within the industry, shrinking 7.1% in the last week. Despite this gain, the industry's performance has been flat over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025Rp173.3tRp52.1tRp2.6t19.9x67.4x3.3x
Thu, 19 Dec 2024Rp167.1tRp90.2tRp4.6t18.5x36.7x1.9x
Sat, 16 Nov 2024Rp170.8tRp90.2tRp4.6t21.1x37.4x1.9x
Mon, 14 Oct 2024Rp170.6tRp89.4tRp4.2t32.6x40.7x1.9x
Wed, 11 Sep 2024Rp163.1tRp90.0tRp4.2t35.4x38.8x1.8x
Fri, 09 Aug 2024Rp159.6tRp90.0tRp4.2t36.8x37.9x1.8x
Sun, 07 Jul 2024Rp158.4tRp88.8tRp4.4t21.7x36.4x1.8x
Tue, 04 Jun 2024Rp161.8tRp89.2tRp4.3t31.9x37.5x1.8x
Thu, 02 May 2024Rp162.3tRp90.7tRp4.4t27x36.8x1.8x
Sat, 30 Mar 2024Rp163.4tRp58.2tRp6.0t21.9x27.3x2.8x
Mon, 26 Feb 2024Rp172.2tRp58.2tRp6.0t19.3x28.9x3x
Wed, 24 Jan 2024Rp196.9tRp58.4tRp6.0t20.8x32.8x3.4x
Fri, 22 Dec 2023Rp168.3tRp60.0tRp5.8t21x28.8x2.8x
Sun, 19 Nov 2023Rp170.3tRp59.8tRp6.0t35.2x28.4x2.8x
Tue, 17 Oct 2023Rp162.8tRp60.8tRp6.1t42.3x26.5x2.7x
Thu, 14 Sep 2023Rp159.6tRp60.8tRp6.1t42.6x26x2.6x
Sat, 12 Aug 2023Rp164.3tRp60.8tRp6.1t43.3x26.7x2.7x
Mon, 10 Jul 2023Rp165.3tRp64.3tRp6.0t36.8x27.7x2.6x
Wed, 07 Jun 2023Rp163.8tRp64.3tRp6.0t36.5x27.5x2.5x
Fri, 05 May 2023Rp164.5tRp70.0tRp5.9t28.8x28x2.4x
Sun, 02 Apr 2023Rp168.1tRp71.1tRp4.0t13.3x41.9x2.4x
Tue, 28 Feb 2023Rp170.6tRp71.0tRp4.1t12.7x41.6x2.4x
Thu, 26 Jan 2023Rp169.5tRp71.0tRp4.1t12.5x41.3x2.4x
Sat, 24 Dec 2022Rp168.9tRp71.0tRp4.1t15.4x41.2x2.4x
Mon, 21 Nov 2022Rp178.0tRp69.3tRp2.6t14.5x69.2x2.6x
Wed, 19 Oct 2022Rp183.1tRp69.2tRp2.6t16.4x70x2.6x
Fri, 16 Sep 2022Rp179.8tRp69.0tRp2.6t19.3x68.8x2.6x
Sun, 14 Aug 2022Rp171.2tRp69.2tRp4.0t20.9x42.8x2.5x
Tue, 12 Jul 2022Rp166.2tRp68.8tRp3.8t17.8x43.2x2.4x
Thu, 09 Jun 2022Rp154.3tRp68.2tRp3.8t17.8x41.1x2.3x
Sat, 07 May 2022Rp151.4tRp72.5tRp4.3t19.1x35.1x2.1x
Mon, 04 Apr 2022Rp147.1tRp73.5tRp5.0t18.4x29.7x2x
Wed, 02 Mar 2022Rp149.7tRp73.5tRp5.0t18.5x30.2x2x
Fri, 28 Jan 2022Rp146.6tRp73.5tRp5.0t17.1x29.6x2x
Price to Earnings Ratio

29.6x


Total Market Cap: Rp146.6tTotal Earnings: Rp5.0tTotal Revenue: Rp73.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Insurance Industry Price to Earnings3Y Average 37.3x202320242025
Current Industry PE
  • Investors are optimistic on the Indonesian Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 67.4x which is higher than its 3-year average PE of 37.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 20% per year over the last three years,
  • Revenues have also declined 11% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

ID Market1.13%
Financials3.83%
Insurance2.76%
Reinsurance5.00%
General Insurance3.21%
Life and Health Insurance2.42%
Property and Casualty Insurance0.16%
Insurance Brokers0%0
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 24.9x.
    • 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 64.4x.
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
SMMA Sinar Mas MultiarthaRp15.08k3.3%
+Rp3.0t		-10.8%PE97.2x
PNLF Panin FinancialRp450.007.7%
+Rp1.0t		65.4%n/a
CASA Capital Financial IndonesiaRp555.001.8%
+Rp544.8b		-22.9%PE372.5x
PNIN PaninvestRp1.06k8.2%
+Rp325.5b		15.8%n/a
AMAG Asuransi Multi Artha GunaRp340.003.7%
+Rp59.4b		18.9%PE9.5x
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Latest News

SMMA

Rp15,075.00

Sinar Mas Multiartha

7D

3.3%

1Y

-10.8%

AMAG

Rp340.00

Asuransi Multi Artha Guna

7D

3.7%

1Y

18.9%

ASJT

Rp111.00

Asuransi Jasa Tania

7D

-3.5%

1Y

-7.5%

BHAT

Rp460.00

Bhakti Multi Artha

7D

-1.7%

1Y

15.6%

PNLF

Rp450.00

Panin Financial

7D

7.7%

1Y

65.4%

GSMF

Rp54.00

Equity Development Investment

7D

1.9%

1Y

-12.9%

LIFE

Rp6,550.00

MSIG Life Insurance Indonesia

7D

-2.2%

1Y

8.7%

ASMI

Rp12.00

Asuransi Maximus Graha Persada

7D

-7.7%

1Y

-76.0%

AHAP

Rp85.00

Asuransi Harta Aman Pratama

7D

-3.4%

1Y

0%

PNIN

Rp1,060.00

Paninvest

7D

8.2%

1Y

15.8%

MREI

Rp945.00

Maskapai Reasuransi Indonesia

7D

5.0%

1Y

-44.1%

LPGI

Rp312.00

Lippo General Insurance

7D

-0.6%

1Y

-15.4%

TUGU

Rp1,010.00

Asuransi Tugu Pratama Indonesia

7D

1.5%

1Y

-6.0%

MTWI

Rp151.00

Malacca Trust Wuwungan Insurance

7D

-1.3%

1Y

98.7%

CASA

Rp555.00

Capital Financial Indonesia

7D

1.8%

1Y

-22.9%