Asuransi Bintang Sets Conservative Premium Growth Target for 2026

Moderate 3% Growth Amid Economic Uncertainty

PT Asuransi Bintang Tbk (ASBI), listed on the Indonesian Stock Exchange, has announced a 3% premium growth target for 2026, representing a cautious approach to the upcoming year. The projection, revealed by CEO Hastanto SM Widodo during a public presentation on December 19, 2025, reflects the company's strategic decision to balance growth with risk management amid prevailing economic uncertainties.

Strategic Considerations Behind Growth Projection

The 3% growth projection is considered moderate and has been carefully determined by considering several key factors. Firstly, the company is navigating through a period of economic slowdown, which potentially impacts consumer spending and investment behavior. Secondly, Asuransi Bintang is prioritizing the quality of its business portfolio, indicating a strategic shift towards sustainable growth rather than aggressive expansion.

Management's Rationale

In the company's words, the decision to target a 3% growth is based on the need to maintain prudence in financial management. As stated by Hastanto SM Widodo during the presentation, "For 2026, we are targeting premium growth of around 3% compared to our 2025 performance, while maintaining our cautious approach." This statement underscores the company's commitment to financial discipline and risk mitigation strategies.

Market Implications

The conservative growth target set by Asuransi Bintang reflects broader industry concerns regarding economic stability and consumer behavior. As an insurance company, Asuransi Bintang's performance is closely tied to overall economic conditions and consumer confidence. The company's cautious approach may be seen as a preemptive measure to navigate potential challenges in the insurance market during 2026.