JAKARTA – Lippo Group, through PT Inti Anugerah Pratama (IAP), has once again reduced its ownership in PT Lippo General Insurance Tbk (LPGI).

Sugianto, Director of IAP, stated that IAP sold 147 million LPGI shares on 13 March 2025. Following the transaction, IAP's shareholding in LPGI decreased to 543 million shares.

IAP sold the LPGI shares at IDR 654 per share, raising IDR 96.13 billion in proceeds.

"This transaction is part of a divestment strategy," he said in a disclosure on Friday (14/3).

Additionally, Hanwha Life Insurance Indonesia also transferred 1.39 billion LPGI shares to its parent company, Hanwha General Insurance Co. Ltd (HGI).

This transaction increased HGI's shareholding in LPGI to 1.84 billion shares, or 61.5%, making HGI the controlling shareholder.

On Friday (14/3), LPGI shares hit the upper limit (Auto Rejection Atas), after rising 10% to IDR 352 per share. (DK/KR/ZH)