JAKARTA – PT Indolife Pensiontama became the life insurance company with the largest equity in Indonesia in 2024.

According to data from IDNFinancials.com, the total equity of this life insurance and pension fund company, which has been operational since 1991, reached IDR 18.62 trillion at the end of the 2024 financial year. Its total assets amounted to IDR 60.32 trillion.

In second place is PT Manulife Indonesia, with total equity of IDR 15.58 trillion, followed by PT BRI Life in third, with total equity of IDR 10.17 trillion.

PT AIA Financial (formerly AIG Life) and PT MSIG Life Insurance Indonesia Tbk (LIFE) secured the fourth and fifth positions, with total equity of IDR 8.70 trillion and IDR 7.56 trillion, respectively.

Here is the full list of the 25 largest life insurance companies in Indonesia based on total equity in 2024:

  1. Indolife Pensiontama – IDR 18.62 trillion
  2. Manulife Indonesia – IDR 15.58 trillion
  3. BRI Life – IDR 10.17 trillion
  4. AIA Financial (formerly AIG Life) – IDR 8.70 trillion
  5. MSIG Life Insurance Indonesia Tbk (LIFE) – IDR 7.56 trillion
  6. Sun Life Financial Indonesia – IDR 7.47 trillion
  7. Sequis Life – IDR 6.85 trillion
  8. Prudential Life Assurance – IDR 6.75 trillion
  9. Allianz Life Indonesia – IDR 6.37 trillion
  10. BNI Life Insurance – IDR 5.99 trillion
  11. Panin Dai-Ichi Life (formerly Panin Life) – IDR 4.73 trillion
  12. IFG Life – IDR 4.58 trillion
  13. AXA Mandiri Financial Services – IDR 3.66 trillion
  14. Central Asia Raya – IDR 3.32 trillion
  15. FWD Insurance Indonesia (formerly FWD) – IDR 2.85 trillion
  16. Avrist Assurance (formerly AIA Indonesia) – IDR 2.05 trillion
  17. Inhealth Indonesia – IDR 1.79 trillion
  18. Hanwha Life Insurance – IDR 1.70 trillion
  19. AXA Financial Indonesia – IDR 1.63 trillion
  20. Simas Jiwa (formerly Mega Life) – IDR 1.42 trillion
  21. Great Eastern Life Indonesia – IDR 1.20 trillion
  22. Generali Indonesia – IDR 1.16 trillion
  23. Capital Life Indonesia – IDR 1.06 trillion
  24. Chubb Life (formerly Ace Life Assurance) – IDR 880 billion
  25. BCA Life – IDR 810 billion

(KR/ZH)