Jakarta – PT Asuransi Jiwa IFG (IFG Life) reported a meaningful increase in debt and a reversal to losses during the first three quarters of 2025, signaling a shift in the company’s financial performance. The escalating debt and declining profitability raise concerns about the insurer’s financial health amidst a competitive market.
As of September 2025, IFG Life’s debt reached IDR 1.93 trillion, a considerable 181% increase from the IDR 685.77 billion recorded in the same period of the previous year. This surge in debt coincides with a pre-tax loss of IDR 103.09 billion, a stark contrast to the IDR 318.02 billion profit reported in 2024. Consequently, the company’s net profit transformed from a gain of IDR 153.44 billion to a loss of IDR 119.28 billion.
IFG Life generated IDR 5.30 trillion in revenue through September 2025, driven by IDR 5.16 trillion in premiums and IDR 1.18 trillion in reinsurance premiums. Net premium income increased to IDR 3.74 trillion, up from IDR 3.57 trillion year-over-year. However, the company experienced a rise in claims and benefits, totaling IDR 4.35 trillion compared to IDR 3.88 trillion in the prior year.
Total operating expenses also increased, reaching IDR 898.81 billion from IDR 680.59 in the same period last year. Despite these challenges, IFG Life’s complete income was recorded at IDR 584.71 billion, with a total comprehensive profit of IDR 465.42 billion as of September 2025.
The company’s total assets stood at IDR 33.91 trillion, a slight decrease from IDR 34.77 trillion in the same period of the previous year. IFG Life maintained a solvency ratio (RBC) of 214.97%.
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