Asuransi ASEI crowned as the Best General Insurance Company 2010 in the category Company with equity over IDR. 250 Billion.

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The summary of Finance

THE SUMMARY OF FINANCE
(In million rupiah)
NO DESCRIPTION

2009
(Audited)

2008
(Audited)

2007
(Audited)

1 Total Assets 698,325 651,036

628,666

2 Total Investments 574,737 554,121 527,379
3 Total Stockholders' Equity 599,463 566,431 545,362
4 Total Liabilities 98,862 84,605 83,303
5 Gross Premium 294,956 216,484 202,763
6 Premi Netto 76,425 55,395 55,292
7 Claims expense Netto 22,087 26,294 45,537
8 Underwriting Income 49,834 30,786 13,319
9 Investments Income 52,835 47,661 51,295
10 Operating Expenses 64,189 49,439 43,328
11 Income From Operations 38,480 29,008 21,286
12 Benefit Before Tax 37,248 29,315 21,656
13 Net Income 37,130 29,616 21,482


FINANCIAL RATIO
(In Million rupiah)
NO DESCRIPTION 2009
(Audited)
2008
(Audited)
2007
(Audited)
SOLVENCY MARGIN LIMIT
A. Solvency Margin:
a. Admitted Assets
b. Liabilities
c. Total Solvency Margin Limit
682,724
98,862
583,862
624,771
84,605
540,166
566,926
83,303
483,623
B. BTSM *) 34,858 41,227 26,664
C. Excess of BTS 549,004 498,939 455,749
D. Achievement Ratio (%) **) 1675% 1,310% 1,735%
OTHER INFORMATION
A. Jumlah Deposito Wajib 3,000 2,000 2,000
B. Investment to Liability Ratio(%) 911,17% 938,10% 920,63%
C. Net Premium to Equity Ratio (%) 12,75% 9,78% 9,19%
D. Direct Premium to Indirect Premium Ratio (%) 1753,79% 2,407,68% 1,274,56%
E. Liquidity Ratio (%) 608,80% 680,88% 667,21%
F. Claims, Operating Expenses and Commission to Net Premium (%) 131,16% 155,30% 173,03%

Keterangan:

*) BTSM (Batas Tingkat Solvabilitas Minimum) is Minimum solvency margin limit, the Company has to meet at all times a solvency margin of risk of loss that might arise from deviation of assets and liabilities management..

**) Based on the decree of Ministry of Finance of the Republic Indonesia No. 424/KMK.06/2003 about Financial of insurance Company & Reinsurance Company, BTS ratio at least 120% at the end in 2003.