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Indonesian (IDX) Insurance Industry Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies22
  • 7D0.5%
  • 3M5.1%
  • 1Y3.1%
  • YTD4.2%

In the last week, the Insurance industry is up 3.2%, with Capital Financial Indonesia up 5.3%. During this same period, the Paninvest underperformed, falling 8.1%. This takes the industry's 12 month performance to a gain of 3.7%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Feb 2025Rp179.1tRp73.9tRp3.9t15.7x46.3x2.4x
Sun, 19 Jan 2025Rp173.2tRp53.2tRp2.6t19.9x67.4x3.3x
Tue, 17 Dec 2024Rp169.5tRp90.2tRp4.6t18.6x37.2x1.9x
Thu, 14 Nov 2024Rp173.7tRp90.2tRp4.6t20.9x38x1.9x
Sat, 12 Oct 2024Rp170.4tRp89.4tRp4.2t32.6x40.6x1.9x
Mon, 09 Sep 2024Rp166.0tRp90.0tRp4.2t34.8x39.5x1.8x
Wed, 07 Aug 2024Rp159.6tRp90.0tRp4.2t32.6x37.9x1.8x
Fri, 05 Jul 2024Rp157.5tRp88.8tRp4.4t21x36.2x1.8x
Sun, 02 Jun 2024Rp161.8tRp89.2tRp4.3t30.9x37.5x1.8x
Tue, 30 Apr 2024Rp161.3tRp90.7tRp5.2t29x31.3x1.8x
Thu, 28 Mar 2024Rp163.7tRp58.2tRp6.0t19.8x27.5x2.8x
Sat, 24 Feb 2024Rp173.5tRp58.2tRp6.0t19.3x29.1x3x
Mon, 22 Jan 2024Rp177.2tRp58.4tRp6.0t21x29.5x3x
Wed, 20 Dec 2023Rp168.3tRp60.0tRp5.8t19.9x28.8x2.8x
Fri, 17 Nov 2023Rp170.0tRp59.8tRp6.0t34.9x28.3x2.8x
Sun, 15 Oct 2023Rp162.8tRp60.8tRp6.1t42x26.5x2.7x
Tue, 12 Sep 2023Rp159.9tRp60.8tRp6.1t42.6x26x2.6x
Thu, 10 Aug 2023Rp164.9tRp60.8tRp6.2t43.3x26.8x2.7x
Sat, 08 Jul 2023Rp166.0tRp64.3tRp6.0t36.8x27.8x2.6x
Mon, 05 Jun 2023Rp164.9tRp64.3tRp6.0t40.4x27.7x2.6x
Wed, 03 May 2023Rp164.3tRp70.0tRp5.9t28.8x27.9x2.3x
Fri, 31 Mar 2023Rp167.6tRp71.1tRp4.0t13.2x41.7x2.4x
Sun, 26 Feb 2023Rp170.6tRp71.0tRp4.1t12.6x41.6x2.4x
Tue, 24 Jan 2023Rp169.0tRp71.0tRp4.1t12.4x41.2x2.4x
Thu, 22 Dec 2022Rp168.7tRp70.8tRp4.1t16.1x41.1x2.4x
Sat, 19 Nov 2022Rp176.2tRp69.3tRp2.6t14.5x68.5x2.5x
Mon, 17 Oct 2022Rp180.6tRp69.2tRp2.6t16.6x69x2.6x
Wed, 14 Sep 2022Rp176.8tRp67.5tRp2.6t17.8x67.6x2.6x
Fri, 12 Aug 2022Rp172.8tRp69.2tRp4.0t20.8x43.2x2.5x
Sun, 10 Jul 2022Rp166.6tRp68.8tRp3.8t18x43.3x2.4x
Tue, 07 Jun 2022Rp153.2tRp73.5tRp3.8t18.9x40.4x2.1x
Thu, 05 May 2022Rp151.4tRp72.8tRp4.8t19.1x31.5x2.1x
Sat, 02 Apr 2022Rp147.8tRp73.5tRp5.0t18.4x29.8x2x
Mon, 28 Feb 2022Rp149.3tRp73.5tRp5.0t18.5x30.1x2x
Price to Earnings Ratio

30.1x


Total Market Cap: Rp149.3tTotal Earnings: Rp5.0tTotal Revenue: Rp73.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Insurance Industry Price to Earnings3Y Average 37.9x202320242025
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 46.6x which is higher than its 3-year average PE of 37.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 8.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

ID Market3.14%
Financials0.71%
Insurance0.50%
Property and Casualty Insurance1.47%
Life and Health Insurance1.27%
Insurance Brokers0%0
Reinsurance0%0
General Insurance-0.083%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 78.4x.
    • 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 63.8x.
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
CASA Capital Financial IndonesiaRp700.001.4%
+Rp544.8b		-3.4%PE469.9x
LIFE MSIG Life Insurance IndonesiaRp6.15k2.1%
+Rp262.5b		2.1%PE56.6x
BHAT Bhakti Multi ArthaRp486.005.7%
+Rp130.0b		29.9%PE463.7x
TUGU Asuransi Tugu Pratama IndonesiaRp1.04k2.5%
+Rp88.9b		-11.5%PE4.9x
GSMF Equity Development InvestmentRp54.003.8%
+Rp28.5b		-14.3%PS0.6x
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Latest News

MTWI

Rp155.00

Malacca Trust Wuwungan Insurance

7D

-0.6%

1Y

106.7%

AMAG

Rp330.00

Asuransi Multi Artha Guna

7D

-0.6%

1Y

13.0%

ASJT

Rp112.00

Asuransi Jasa Tania

7D

8.7%

1Y

-3.4%

BHAT

Rp486.00

Bhakti Multi Artha

7D

5.7%

1Y

29.9%

PNLF

Rp364.00

Panin Financial

7D

-2.2%

1Y

37.9%

GSMF

Rp54.00

Equity Development Investment

7D

3.8%

1Y

-14.3%

LIFE

Rp6,150.00

MSIG Life Insurance Indonesia

7D

2.1%

1Y

2.1%

ASMI

Rp11.00

Asuransi Maximus Graha Persada

7D

-8.3%

1Y

-78.0%

PNIN

Rp910.00

Paninvest

7D

-6.7%

1Y

4.0%

MREI

Rp830.00

Maskapai Reasuransi Indonesia

7D

1.8%

1Y

-43.2%

JMAS

Rp137.00

Asuransi Jiwa Syariah Jasa Mitra Abadi

7D

-2.1%

1Y

121.0%

TUGU

Rp1,040.00

Asuransi Tugu Pratama Indonesia

7D

2.5%

1Y

-11.5%

CASA

Rp700.00

Capital Financial Indonesia

7D

1.4%

1Y

-3.4%