Reported Earnings • Jul 15
First half 2026 earnings released First half 2026 results: Revenue: Rp4.19t (up 141% from 1H 2025). Net income: Rp2.00t (up Rp1.89t from 1H 2025). Profit margin: 48% (up from 6.1% in 1H 2025). The increase in margin was driven by higher revenue. Declared Dividend • May 07
Dividend increased to Rp10.00 Dividend of Rp10.00 is 67% higher than last year. Ex-date: 11th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 9.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 06
PT Lippo General Insurance Tbk announces Annual dividend, payable on May 29, 2026 PT Lippo General Insurance Tbk announced Annual dividend of IDR 10.0000 per share payable on May 29, 2026, ex-date on May 11, 2026 and record date on May 12, 2026. Reported Earnings • Apr 03
Full year 2025 earnings released: EPS: Rp48.00 (vs Rp20.76 in FY 2024) Full year 2025 results: EPS: Rp48.00 (up from Rp20.76 in FY 2024). Revenue: Rp4.12t (up 46% from FY 2024). Net income: Rp144.7b (up 132% from FY 2024). Profit margin: 3.5% (up from 2.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 18
PT Lippo General Insurance Tbk, Annual General Meeting, Apr 29, 2026 PT Lippo General Insurance Tbk, Annual General Meeting, Apr 29, 2026. New Risk • Jan 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • Oct 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Gilbert Naibaho was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 06
PT Lippo General Insurance Tbk announces Annual dividend, payable on May 28, 2025 PT Lippo General Insurance Tbk announced Annual dividend of IDR 6.0000 per share payable on May 28, 2025, ex-date on May 09, 2025 and record date on May 14, 2025. Announcement • Mar 24
PT Lippo General Insurance Tbk, Annual General Meeting, Apr 29, 2025 PT Lippo General Insurance Tbk, Annual General Meeting, Apr 29, 2025. Location: jakarta Indonesia Announcement • Feb 07
PT Lippo General Insurance Tbk Unveils MyGo+: A Telematics-Based App for Safer Driving PT Lippo General Insurance Tbk has announced the launch of MyGo+, a telematics-based app designed to encourage safer driving habits. The app analyzes real-time driving data to inform driving behavior and provides a reward system to motivate responsible driving, supporting Indonesia's efforts to improve road safety and reduce traffic accident rates. MyGo+ offers a range of features to help drivers develop safer habits. By analyzing data such as distance travel and acceleration patterns, the app generates driving scores that are converted into reward points in real time. These points can be redeemed for vouchers, and users can participate in monthly driving challenges to earn additional benefits. Key Features of MyGo+: Driving Behavior Analysis: Data insights to encourage responsible driving; Monthly Driving challenges: Gamified challenges with additional benefits; Reward Points: Real-time points awarded for safe driving; Voucher redemption: Reward points redeemed for attractive vouchers. MyGo+ represents the first digital innovation introduced since the LGI became part of Hanwha Life Insurance following its acquisition in March 2023. In line with Hanwha Life Insurance's vision to become a comprehensive digital-based financial services provider, MyGo+ leverages advanced technologies, including AI and machine learning. These capabilities ensure accurate driving data collection by mitigating potential errors caused by external factors such as road conditions or network environments. Developed for public benefit, the app is accessible to all drivers, not just LGI insurance policyholders. Additionally, users can enjoy discounts and other benefits when purchasing LGI insurance products. MyGo+ is now available for free download on both iOS and Android. Download MyGo+ to start earning rewards for safer driving while contributing to Indonesia's road safety efforts. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: Rp9.91 (vs Rp0.81 loss in 3Q 2023) Third quarter 2024 results: EPS: Rp9.91 (up from Rp0.81 loss in 3Q 2023). Revenue: Rp659.9b (up 1.4% from 3Q 2023). Net income: Rp27.9b (up Rp30.3b from 3Q 2023). Profit margin: 4.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Rp328, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 33x in the Insurance industry in Indonesia. Total returns to shareholders of 91% over the past three years. New Risk • Sep 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: Rp12.1b (US$783.9k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Market cap is less than US$10m (Rp12.1b market cap, or US$783.9k). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to Rp4,300, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 35x in the Insurance industry in Indonesia. Total returns to shareholders of 135% over the past three years. New Risk • Aug 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (Rp1.05t market cap, or US$65.1m). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: Rp70.30 (vs Rp13.58 in 2Q 2023) Second quarter 2024 results: EPS: Rp70.30 (up from Rp13.58 in 2Q 2023). Revenue: Rp680.6b (down 9.0% from 2Q 2023). Net income: Rp21.2b (up 419% from 2Q 2023). Profit margin: 3.1% (up from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 11
Vice President Director recently bought Rp17m worth of stock On the 4th of July, Choi Hyunhee bought around 5k shares on-market at roughly Rp3,324 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Choi's only on-market trade for the last 12 months. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: Rp23.00 (vs Rp71.33 in 1Q 2023) First quarter 2024 results: EPS: Rp23.00 (down from Rp71.33 in 1Q 2023). Revenue: Rp710.6b (down 28% from 1Q 2023). Net income: Rp6.79b (down 68% from 1Q 2023). Profit margin: 1.0% (down from 2.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Apr 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 21% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (Rp1.10t market cap, or US$69.6m). Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: Rp83.00 (vs Rp246 in FY 2022) Full year 2023 results: EPS: Rp83.00 (down from Rp246 in FY 2022). Revenue: Rp3.02t (up 46% from FY 2022). Net income: Rp24.9b (down 66% from FY 2022). Profit margin: 0.8% (down from 3.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Commissioner Jamilah Sungkar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Aug 02
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: Rp13.61 (vs Rp205 in 2Q 2022) Second quarter 2023 results: EPS: Rp13.61 (down from Rp205 in 2Q 2022). Revenue: Rp738.7b (up 59% from 2Q 2022). Net income: Rp4.07b (down 93% from 2Q 2022). Profit margin: 0.6% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: Rp71.00 (vs Rp104 in 1Q 2022) First quarter 2023 results: EPS: Rp71.00 (down from Rp104 in 1Q 2022). Revenue: Rp982.8b (up 125% from 1Q 2022). Net income: Rp21.4b (down 31% from 1Q 2022). Profit margin: 2.2% (down from 7.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Commissioner Jamilah Sungkar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Rp657.3b (up 18% from 3Q 2021). Net income: Rp45.0b (up 23% from 3Q 2021). Profit margin: 6.8% (up from 6.6% in 3Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 19% share price gain to Rp5,750, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 19x in the Insurance industry in Indonesia. Total returns to shareholders of 268% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Commissioner Jamilah Sungkar was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 19% share price gain to Rp9,800, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 19x in the Insurance industry in Indonesia. Total returns to shareholders of 331% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 23% share price gain to Rp8,350, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 18x in the Insurance industry in Indonesia. Total returns to shareholders of 223% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 21% share price gain to Rp7,250, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 20x in the Insurance industry in Indonesia. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 19% share price gain to Rp5,175, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 21x in the Insurance industry in Indonesia. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS Rp308 (vs Rp294 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: Rp395.4b (up 37% from 2Q 2020). Net income: Rp46.1b (up 4.5% from 2Q 2020). Profit margin: 12% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 10
New 90-day low: Rp3,200 The company is down 6.0% from its price of Rp3,400 on 10 December 2020. The Indonesian market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is flat over the same period. Is New 90 Day High Low • Nov 05
New 90-day low: Rp3,200 The company is down 14% from its price of Rp3,700 on 07 August 2020. The Indonesian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 2.0% over the same period. Reported Earnings • Nov 02
Third quarter 2020 earnings released: Rp60.39 loss per share The company reported a poor third quarter result with weaker earnings and control over expenses, although revenues were flat. Third quarter 2020 results: Revenue: Rp286.0b (flat on 3Q 2019). Net loss: Rp9.08b (down 145% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. 
