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Indonesian (IDX) Insurance Industry Analysis

UpdatedNov 21, 2024
DataAggregated Company Financials
Companies21
  • 7D-1.0%
  • 3M5.3%
  • 1Y-1.3%
  • YTD3.8%

Over the last 7 days, the Insurance industry has dropped 1.0%, driven by a pullback from MSIG Life Insurance Indonesia of 7.7%. Over the last year, the industry has been flat overall.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Nov 2024Rp171.9tRp90.2tRp4.6t20.7x37.6x1.9x
Sat, 19 Oct 2024Rp170.4tRp89.4tRp4.2t33.7x40.6x1.9x
Mon, 16 Sep 2024Rp169.0tRp90.0tRp4.2t34.8x40.2x1.9x
Wed, 14 Aug 2024Rp160.0tRp90.0tRp4.2t34.8x38.1x1.8x
Fri, 12 Jul 2024Rp161.2tRp89.6tRp4.4t22.6x36.4x1.8x
Sun, 09 Jun 2024Rp161.3tRp89.6tRp4.4t35.9x36.5x1.8x
Tue, 07 May 2024Rp160.9tRp89.3tRp5.2t21.4x31x1.8x
Thu, 04 Apr 2024Rp163.5tRp59.5tRp6.1t30.4x26.9x2.7x
Sat, 02 Mar 2024Rp171.3tRp58.2tRp6.0t18.5x28.8x2.9x
Mon, 29 Jan 2024Rp209.8tRp58.4tRp6.0t20.4x35x3.6x
Wed, 27 Dec 2023Rp168.4tRp60.0tRp5.8t21x28.8x2.8x
Fri, 24 Nov 2023Rp171.5tRp59.8tRp6.0t34.8x28.6x2.9x
Sun, 22 Oct 2023Rp160.6tRp60.8tRp6.1t42.2x26.1x2.6x
Tue, 19 Sep 2023Rp158.7tRp60.8tRp6.1t42x25.8x2.6x
Thu, 17 Aug 2023Rp164.5tRp60.8tRp6.1t43.5x26.8x2.7x
Sat, 15 Jul 2023Rp166.1tRp64.3tRp6.0t39.7x27.9x2.6x
Mon, 12 Jun 2023Rp162.5tRp64.3tRp6.0t36.5x27.3x2.5x
Wed, 10 May 2023Rp165.1tRp70.1tRp5.8t33.1x28.6x2.4x
Fri, 07 Apr 2023Rp167.7tRp71.1tRp4.0t13.4x41.8x2.4x
Sun, 05 Mar 2023Rp171.6tRp71.0tRp4.1t12.8x41.8x2.4x
Tue, 31 Jan 2023Rp174.8tRp71.0tRp4.1t12.5x42.6x2.5x
Thu, 29 Dec 2022Rp167.9tRp71.0tRp4.1t15.1x40.9x2.4x
Sat, 26 Nov 2022Rp178.8tRp65.7tRp2.8t16.6x64.9x2.7x
Mon, 24 Oct 2022Rp188.5tRp69.2tRp2.6t17.2x72x2.7x
Wed, 21 Sep 2022Rp177.6tRp69.0tRp2.6t17.5x67.9x2.6x
Fri, 19 Aug 2022Rp174.6tRp69.2tRp4.0t18.6x43.6x2.5x
Sun, 17 Jul 2022Rp167.2tRp68.8tRp3.8t18.2x43.5x2.4x
Tue, 14 Jun 2022Rp158.4tRp71.4tRp3.9t20.9x40.9x2.2x
Thu, 12 May 2022Rp148.4tRp71.7tRp3.9t18.5x37.6x2.1x
Sat, 09 Apr 2022Rp148.9tRp73.6tRp4.9t19.2x30.2x2x
Mon, 07 Mar 2022Rp149.6tRp73.5tRp5.0t18.5x30.2x2x
Wed, 02 Feb 2022Rp149.6tRp73.5tRp5.0t20.2x30.2x2x
Fri, 31 Dec 2021Rp146.3tRp73.5tRp5.0t16.1x29.4x2x
Sun, 28 Nov 2021Rp141.8tRp74.1tRp4.9t20.9x28.8x1.9x
Price to Earnings Ratio

28.8x


Total Market Cap: Rp141.8tTotal Earnings: Rp4.9tTotal Revenue: Rp74.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indonesian Insurance Industry Price to Earnings3Y Average 36.6x202220232024
Current Industry PE
  • Investors are relatively neutral on the Indonesian Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 36.6x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.7% per year.
  • This means that although more sales are being generated, 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 Market-2.22%
Financials-2.36%
Insurance-1.05%
General Insurance0.00022%
Insurance Brokers0%
Reinsurance0%
Property and Casualty Insurance-1.40%
Life and Health Insurance-2.49%
Industry PE
  • Investors are most optimistic about the General Insurance industry, which is trading close to its 3-year average PE ratio of 76.1x.
    • 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 65.5x.
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 IndonesiaRp525.002.9%
+Rp817.1b		-18.0%PE352.6x
JMAS Asuransi Jiwa Syariah Jasa Mitra AbadiRp145.0020.8%
+Rp25.0b		107.1%PE57.4x
MTWI Malacca Trust Wuwungan InsuranceRp160.005.3%
+Rp23.4b		97.5%PE9.4x
LPGI Lippo General InsuranceRp364.000.6%
+Rp6.0b		-19.1%PE18.9x
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Latest News

ASBI

Rp555.00

Asuransi Bintang

7D

-24.0%

1Y

-13.3%

PNLF

Rp452.00

Panin Financial

7D

-7.0%

1Y

69.9%

GSMF

Rp53.00

Equity Development Investment

7D

-1.9%

1Y

-15.9%

LIFE

Rp7,750.00

MSIG Life Insurance Indonesia

7D

-7.7%

1Y

n/a

ASMI

Rp11.00

Asuransi Maximus Graha Persada

7D

-8.3%

1Y

-78.4%

AHAP

Rp96.00

Asuransi Harta Aman Pratama

7D

-2.0%

1Y

-3.0%

PNIN

Rp1,135.00

Paninvest

7D

-1.7%

1Y

16.4%

LPGI

Rp364.00

Lippo General Insurance

7D

0.6%

1Y

-19.1%

JMAS

Rp145.00

Asuransi Jiwa Syariah Jasa Mitra Abadi

7D

20.8%

1Y

107.1%

TUGU

Rp1,065.00

Asuransi Tugu Pratama Indonesia

7D

-1.4%

1Y

-2.7%

MTWI

Rp160.00

Malacca Trust Wuwungan Insurance

7D

5.3%

1Y

97.5%

CASA

Rp525.00

Capital Financial Indonesia

7D

2.9%

1Y

-18.0%