Tugu Insurance Sees Growth in Umrah and Hajj Insurance, Maintains Solid Performance

Growing Demand for Umrah and Hajj Insurance

Tugu Insurance, through its Sharia business unit, reported increasing demand for Umrah and Hajj personal accident insurance, particularly among individuals aged 20-45 years. This growth is attributed to the rising number of Umrah and Hajj pilgrimages. The company is focusing on enhancing its digital platforms to reach customers more effectively and is optimistic about its competitive product offerings. The recent legalization of independent Umrah pilgrimages is expected to create positive opportunities for the insurance company ¹

Solid Financial Performance

Tugu Insurance maintained a solid financial performance in the first nine months of 2025. The company recorded a net profit of Rp594.8 billion, demonstrating its ability to sustain profitability amidst industry changes. Gross written premium grew by 5.6%, outpacing the industry growth rate of 3.4%. The company's investment income increased by 21% year-on-year to Rp509 billion, reflecting effective asset management ²

Strengthening ESG Practices

Tugu Insurance continued to strengthen its Environmental, Social, and Governance (ESG) practices. The company has planted over 10,000 mangrove trees and implemented circular economy practices for textile waste management. It also conducted extensive financial and insurance literacy programs, benefiting over 15,000 individuals by the third quarter of 2025. The company maintained its ISO 37001:2016 certification for its Anti-Bribery Management System, demonstrating its commitment to good governance ²

Strong Capital Position

As of September 2025, Tugu Insurance's Risk-Based Capital (RBC) stood at 360.9%, significantly above the minimum regulatory requirement of 120%. The company's Investment Adequacy Ratio (IAR) was 272.6%, exceeding the industry average. These metrics underscore Tugu Insurance's strong capital position and financial health.

Positive Outlook

Tugu Insurance is optimistic about its future growth, supported by its strong fundamentals and strategic initiatives. The company has maintained its 'A- (Excellent)' Global Financial Strength Rating from A.M. Best for nine consecutive years since 2016. With its robust business strategy and commitment to sustainability, Tugu Insurance is well-positioned to continue its positive growth trajectory ²