Jakarta – PT Asuransi Jiwa IFG (IFG Life) reported aโฃ meaningful increase in debt โคand a reversal to losses during the first three quarters ofโฃ 2025, โคsignaling โขa shift in the company’sโค financial performance. The escalating debt and declining profitability raise concerns about the insurer’s โคfinancial health amidst a competitiveโ market.
As of September 2025, IFGโ Life’s debtโค reached IDR 1.93 trillion, a โconsiderable โค181% โคincrease from the IDR 685.77 billionโค recorded in the sameโข period of the previous year. This surge in debt coincides with aโค pre-tax loss โof IDR 103.09 billion, a stark contrast to theโฃ IDR 318.02โ billion profit reported โคin 2024.โค Consequently, the company’s net profit transformed from a gain of IDR โข153.44 billion to a loss ofโข IDR 119.28 billion.
IFGโฃ Lifeโข generated IDR 5.30โ trillion inโค revenue throughโ September โค2025, drivenโ by IDR 5.16 โtrillion in โpremiums andโ IDR 1.18 โtrillion in reinsurance premiums. Net premium incomeโข increased to IDR 3.74 trillion, upโ from IDR 3.57 trillion year-over-year. However, โthe company experienced a rise in claims โขand benefits, totaling IDR 4.35 trillion compared to IDR 3.88 trillion in โtheโฃ prior year.
Total operating expenses also increased, reaching IDR 898.81 โbillion from IDR 680.59 in the same period last year.โ Despite these challenges, IFG Life’s completeโข income was recorded at IDR 584.71 billion, with โฃaโ total โcomprehensive profit ofโข IDRโ 465.42 billion as of Septemberโ 2025.
The company’s total assets stood at IDR 33.91 trillion, a slight decreaseโข fromโ IDR 34.77 trillion in the same period of the previous year. IFG Life maintained a solvency ratio (RBC)โข of 214.97%.
(clay/clay)
