PT Paninvest Tbk (PNIN) originally established as PT Pan Union Insurance Ltd, on 24 October 1973, was engaged in general insurance. It went IPO in 1983. In 1992, it changed its name to PT Panin Insurance, which later changed to PT Paninvest Tbk in 2014. In the same year, the company also transferred the entire coverage portfolio to its subsidiary, and changed its business activities in tourism sector. PT Paninvest is part of the Panin Group, a business group engaged in the financial services sector, including banking, life insurance, general insurance, financing, and securities.