JAKARTA – PT Asuransi Multi Artha Guna Tbk (AMAG) recorded a 54.37% increase in net profit, reaching IDR 228.59 billion in 2024, compared to IDR 148.07 billion in 2023. This profit growth aligns with the rise in net premium income throughout 2024.

In the 2024 Financial Report published on Wednesday (12/3), Pankaj Oberoi, President Director of AMAG, reported total revenue of IDR 1.03 trillion, up 11.72% year-on-year (yoy) from IDR 930.75 billion.

Revenue contributions were mainly from insurance premiums at IDR 840.70 billion, followed by investment income at IDR 166.88 billion, and other income at IDR 31.65 billion. In 2023, insurance premiums were IDR 815.51 billion, and investment income was IDR 124.27 billion.

AMAG’s pre-tax profit by the end of December 2024 was IDR 247.65 billion, up 56.95% yoy from IDR 157.78 billion.

By the close of trading on Wednesday (12/3), AMAG’s shares rose by 4.22% or IDR 14 to IDR 346 per share. The stock opened at IDR 332, with a high of IDR 346 and a low of IDR 332 per share.

Over the week and month, the stock grew steadily by 4.85% or IDR 16. Over the past year, AMAG’s growth reached 15.33% or IDR 46. (LK/LM/ZH)