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Indonesian (IDX) Insurance Industry Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
Companies21
  • 7D-3.9%
  • 3M1.7%
  • 1Y-5.9%
  • YTD-2.8%

Over the last 7 days, the Insurance industry has dropped 3.9%, driven by a pullback from Sinar Mas Multiartha of 6.2%. Overall the industry is down 5.9% in 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023Rp163.3tRp59.8tRp6.0t34.8x27.2x2.7x
Tue, 31 Oct 2023Rp168.5tRp60.8tRp6.1t42.8x27.4x2.8x
Thu, 28 Sep 2023Rp158.1tRp60.8tRp6.1t41.9x25.7x2.6x
Sat, 26 Aug 2023Rp163.4tRp60.8tRp6.1t43.2x26.6x2.7x
Mon, 24 Jul 2023Rp164.7tRp64.3tRp6.0t37.2x27.6x2.6x
Wed, 21 Jun 2023Rp165.1tRp64.3tRp6.0t37.2x27.7x2.6x
Fri, 19 May 2023Rp165.6tRp70.0tRp5.7t34.8x29.2x2.4x
Sun, 16 Apr 2023Rp168.4tRp70.9tRp4.1t20.7x41.2x2.4x
Tue, 14 Mar 2023Rp169.8tRp71.0tRp4.1t12.6x41.4x2.4x
Thu, 09 Feb 2023Rp173.0tRp71.0tRp4.1t12.5x42.2x2.4x
Sat, 07 Jan 2023Rp162.4tRp71.0tRp4.1t13.2x39.6x2.3x
Mon, 05 Dec 2022Rp173.6tRp71.4tRp4.1t19.4x41.9x2.4x
Wed, 02 Nov 2022Rp181.9tRp69.2tRp2.6t15.7x69.6x2.6x
Fri, 30 Sep 2022Rp176.0tRp69.0tRp2.6t16.3x67.4x2.5x
Sun, 28 Aug 2022Rp174.8tRp69.2tRp4.0t19.8x43.7x2.5x
Tue, 26 Jul 2022Rp171.3tRp68.8tRp3.8t17.6x44.6x2.5x
Thu, 23 Jun 2022Rp162.2tRp71.8tRp3.7t17.7x43.5x2.3x
Sat, 21 May 2022Rp151.3tRp71.9tRp4.0t18.7x37.5x2.1x
Mon, 18 Apr 2022Rp148.0tRp73.6tRp4.9t23.6x30x2x
Wed, 16 Mar 2022Rp148.4tRp73.5tRp5.0t17.5x29.9x2x
Fri, 11 Feb 2022Rp151.7tRp73.5tRp5.0t18.1x30.6x2.1x
Sun, 09 Jan 2022Rp147.4tRp73.5tRp5.0t19.9x29.7x2x
Tue, 07 Dec 2021Rp142.6tRp74.6tRp4.8t20.5x29.4x1.9x
Thu, 04 Nov 2021Rp136.8tRp73.8tRp4.9t19.8x27.8x1.9x
Sat, 02 Oct 2021Rp133.7tRp71.8tRp5.0t20.7x26.8x1.9x
Mon, 30 Aug 2021Rp139.4tRp70.8tRp5.0t19.1x27.9x2x
Tue, 06 Jul 2021Rp147.0tRp70.8tRp5.0t18.5x29.4x2.1x
Fri, 09 Apr 2021Rp156.2tRp78.0tRp4.8t22.3x32.3x2x
Thu, 31 Dec 2020Rp139.6tRp67.0tRp4.6t22.3x30.5x2.1x
Price to Earnings Ratio

34x


Total Market Cap: Rp154.8tTotal Earnings: Rp4.5tTotal Revenue: Rp68.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Insurance Industry Price to Earnings3Y Average 35.2x202120222023
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 27.2x which is lower than its 3-year average PE of 35.2x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 9.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

ID Market0.50%
Financials0.04%
Insurance-3.89%
Reinsurance7.58%
Insurance Brokers0%
Property and Casualty Insurance-0.42%
Life and Health Insurance-1.32%
General Insurance-6.09%
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio of 67.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 13.1x.
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
TUGU Asuransi Tugu Pratama IndonesiaRp1.14k3.7%
+Rp142.2b		14.9%PE3.4x
PNLF Panin FinancialRp272.001.5%
+Rp128.1b		-43.6%PE4.7x
MREI Maskapai Reasuransi IndonesiaRp1.92k7.6%
+Rp69.9b		-51.4%PE453.1x
PNIN PaninvestRp990.001.5%
+Rp61.0b		-34.7%PE3.2x
ASBI Asuransi BintangRp655.006.5%
+Rp13.9b		33.1%PE20.1x
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Latest News

TUGU

Rp1,135.00

Asuransi Tugu Pratama Indonesia

7D

3.7%

1Y

14.9%

LPGI

Rp4,000.00

Lippo General Insurance

7D

-11.1%

1Y

-29.8%

AMAG

Rp304.00

Asuransi Multi Artha Guna

7D

-3.2%

1Y

-16.9%

BHAT

Rp585.00

Bhakti Multi Artha

7D

-14.0%

1Y

-27.3%

ASBI

Rp655.00

Asuransi Bintang

7D

6.5%

1Y

33.1%

PNLF

Rp272.00

Panin Financial

7D

1.5%

1Y

-43.6%

CASA

Rp620.00

Capital Financial Indonesia

7D

-1.6%

1Y

-14.5%

ASDM

Rp985.00

Asuransi Dayin Mitra

7D

-3.0%

1Y

4.8%

SMMA

Rp13,575.00

Sinar Mas Multiartha

7D

-6.2%

1Y

9.5%

JMAS

Rp72.00

Asuransi Jiwa Syariah Jasa Mitra Abadi

7D

2.9%

1Y

-42.4%

AHAP

Rp91.00

Asuransi Harta Aman Pratama

7D

-8.1%

1Y

19.7%

GSMF

Rp61.00

Equity Development Investment

7D

-3.2%

1Y

-28.2%

MREI

Rp1,915.00

Maskapai Reasuransi Indonesia

7D

7.6%

1Y

-51.4%

PNIN

Rp990.00

Paninvest

7D

1.5%

1Y

-34.7%