ASBI Asuransi Bintang Tbk.

COMPANY REPORT : JANUARY 2017 As of 31 January 2017

Development Board Individual Index : 286.951
Industry Sector : Finance (8) Listed Shares : 348,386,472
Industry Sub Sector : Insurance (84) Market Capitalization : 131,690,086,416
475 | 0.13T | 0.002% | 99.91%

473 | 0.002T | 0.00008% | 99.998%

COMPANY HISTORY SHAREHOLDERS (January 2017)

Established Date : 17-Mar-1955 1. PT Srihana Utama 123,522,776 : 35.46%
Listing Date : 29-Nov-1989 2. PT Ngrumat Bondo Utomo 87,302,164 : 25.06%
Under Writer IPO : 3. PT Warisan Kasih Bunda 73,323,888 : 21.05%
PT Aseam Indonesia 4. Public (<5%) 64,237,644 : 18.44%
PT Finconesia
PT Ficorinvest DIVIDEND ANNOUNCEMENT
PT Merchant Investment Corporation Bonus Cash Recording Payment
F/I
PT PDFCI Securities Year Shares Dividend Cum Date Ex Date Date Date
Securities Administration Bureau : 1990 75.00 28-Jun-90 29-Jun-90 06-Jul-90 18-Jul-90
PT Bima Registra 1991 100.00 16-Jul-92 17-Jul-92 24-Jul-92 03-Aug-92 F
Graha MIR Building, 6th Fl. Zona A2 1992 100.00 22-Jul-93 23-Jul-93 30-Jul-93 19-Aug-93 F
Jln. Pemuda No. 9 Rawamangun, Jakarta Timur 13220 1993 60.00 21-Jul-94 22-Jul-94 29-Jul-94 22-Aug-94 F
Phone : (021) 2956-9781 1994 180.00 21-Jul-95 24-Jul-95 01-Aug-95 01-Sep-95 F
Fax : (021) 2956-9872 1995 275.00 25-Jul-96 26-Jul-96 05-Aug-96 02-Sep-96 F
1996 300.00 23-Jul-97 24-Jul-97 01-Aug-97 23-Aug-97 F
BOARD OF COMMISSIONERS 1996 2:6 18-Sep-97 19-Sep-97 29-Sep-97 13-Oct-97 B
1. Shanti Lasminingsih Poesposoetjipto 1997 75.00 23-Jul-98 24-Jul-98 03-Aug-98 27-Aug-98 F
2. Zafar Dinesh Idham 1998 75.00 22-Jun-99 23-Jun-99 01-Jul-99 30-Jul-99 F
3. Petronius Saragih 1999 210.00 04-Jul-00 05-Jul-00 13-Jul-00 18-Jul-00 F
4. Chaerul D. Djakman *) 1999 2:5 17-Oct-00 18-Oct-00 23-Oct-00 01-Nov-00 B
5. Ieke C.H. Mandas *) 2000 70.00 28-May-01 29-May-01 01-Jun-01 18-Jun-01 F
6. Krishna Suparto *) 2001 45.00 01-Jul-02 02-Jul-02 05-Jul-02 19-Jul-02 F
*) Independent Commissioners 2002 45.00 03-Jul-03 04-Jul-03 08-Jul-03 22-Jul-03 F
2003 30.00 30-Jun-04 01-Jul-04 06-Jul-04 20-Jul-04 F
BOARD OF DIRECTORS 2005 20.00 04-Jul-05 05-Jul-05 07-Jul-05 21-Jul-05
1. Hastanto Sri Margi Widodo 2005 20.00 04-Jul-06 05-Jul-06 07-Jul-06 21-Jul-06 F
2. Jenry Cardo Manurung 2005 500 : 359,72048 05-Sep-06 06-Sep-06 08-Sep-06 22-Sep-06 S
3. Reniwati Darmakusumah 2006 5.00 27-Jun-07 28-Jun-07 02-Jul-07 16-Jul-07 F
2011 20.00 24-Jul-12 25-Jul-12 27-Jul-12 09-Aug-12 F
AUDIT COMMITTEE 2012 25.00 29-Jul-13 30-Jul-13 01-Aug-13 22-Aug-13 F
1. Chaerul D. Djakman 2013 25.00 23-Jul-14 24-Jul-14 04-Aug-14 18-Aug-14 F
2. Taufik Hidayat 2014 20.00 08-May-15 11-May-15 13-May-15 04-Jun-15 F
3. Yan Rahadian 2015 25.00 08-Jun-16 09-Jun-16 13-Jun-16 01-Jul-16 F
1992 50.00 00-Jan-00 00-Jan-00 00-Jan-00 00-Jan-00 F
CORPORATE SECRETARY
Jenry Cardo Manurung ISSUED HISTORY
Listing Trading
HEAD OFFICE No. Type of Listing Shares Date Date
Jln. RS Fatmawati No. 32 1. First Issue 1,000,000 29-Nov-89 29-Nov-89
Jakarta Selatan 2. Company Listing 3,600,000 13-Apr-94 13-Apr-94
Phone : (021) 759-02777 3. Stock Split 4,600,000 13-Oct-97 13-Oct-97
Fax : (021) 759-02555, 765-6287 4. Bonus Shares 13,800,000 14-Oct-97 14-Oct-97
5. Bonus Shares 57,499,994 01-Nov-00 01-Nov-00
Homepage : www.asuransibintang.com 6. Stock Dividend 61,075,668 22-Sep-06 22-Sep-06
Email : jenry.cardo@asuransibintang.com 7. Right Issue 32,617,574 27-Dec-06 27-Dec-06
8. Stock Split 174,193,236 26-Jul-16 26-Jul-16
 ASBI Asuransi Bintang Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Asuransi Bintang Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2013 - January 2017 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
780 6.40 Jan-13 520 465 480 3,223 6,635 3,269 19
Feb-13 550 460 530 7,354 14,421 7,524 20
683 5.60 Mar-13 560 475 540 4,509 10,073 5,384 18
Apr-13 700 550 680 657 5,247 3,269 22
May-13 680 500 560 240 1,899 1,107 17
585 4.80
Jun-13 570 460 475 124 531 264 17
Jul-13 510 430 430 130 697 322 22
488 4.00
Aug-13 480 420 470 14 105 45 11
Sep-13 510 420 425 26 122 56 8
390 3.20
Oct-13 520 420 470 207 865 374 18
Nov-13 500 440 440 323 511 241 13
293 2.40 Dec-13 510 470 485 9 5,206 2,079 5

195 1.60 Jan-14 505 450 500 40 289 171 13

Feb-14 580 485 490 57 5,228 3,593 17
98 0.80 Mar-14 580 475 475 23 85 41 10
Apr-14 505 470 499 35 91 45 7
May-14 510 478 497 40 128 62 10
Jun-14 515 481 515 44 298 150 14
Jan-13 Jan-14 Jan-15 Jan-16 Jan-17
Jul-14 645 515 640 389 1,160 665 18
Aug-14 1,050 620 950 298 1,789 1,451 20
Sep-14 1,550 930 1,300 246 535 688 18
Closing Price*, Jakarta Composite Index (IHSG) and Oct-14 1,300 1,000 1,090 42 178 210 10
Finance Index Nov-14 1,000 930 950 9 44 43 4
January 2013 - January 2017 Dec-14 950 950 950 1 0.1 0.1 1
245%
Jan-15 900 575 775 26 61 42 9
210% Feb-15 800 535 585 26 288 179 7
Mar-15 700 465 465 15 155 93 6
175% Apr-15 465 465 465 2 4 2 1
May-15 475 450 475 2 0.6 0.3 1
140% Jun-15 450 440 441 3 8 3 2
Jul-15 - - 441 - - - -
Aug-15 440 440 440 2 0.5 0.2 1
105%
Sep-15 440 440 440 2 4 2 1
Oct-15 445 440 440 10 13 6 5
70%
Nov-15 440 440 440 5 22 10 2
54.3%
45.5% Dec-15 440 440 440 2 1 0.6 1
35%
21.8%
Jan-16 440 324 335 218 2,854 961 17
- Feb-16 525 340 445 134 385 145 19
Mar-16 610 460 495 64 58 29 10
-35% Apr-16 540 410 485 245 531 237 18
Jan 13 Jan 14 Jan 15 Jan 16 Jan 17 May-16 500 442 486 75 111 52 15
Jun-16 550 464 530 208 508 252 18
Jul-16 795 354 398 189 608 291 16
SHARES TRADED 2013 2014 2015 2016 Jan-17 Aug-16 480 324 390 179 420 161 21
Volume (Million Sh.) 46 10 0.6 7 0.008 Sep-16 480 360 440 62 87 37 18
Value (Billion Rp) 24 7 0.3 3 0.003 Oct-16 420 282 312 249 631 210 21
Frequency (Thou. X) 17 1 0.10 2 0.02 Nov-16 386 312 320 84 418 133 18
Days 190 142 36 198 6 Dec-16 380 300 380 15 28 10 7

Price (Rupiah) Jan-17 388 302 378 15 8 3 6

High 700 1,550 900 795 388
Low 420 450 440 282 302
Close 485 950 440 380 378
Close* 243 475 220 380 378

PER (X) 4.27 19.87 2.72 13.92 13.85

PER Industry (X) 17.20 27.72 25.09 20.71 21.21
PBV (X) 0.66 1.25 0.48 0.80 0.79
* Adjusted price after corporate action
 ASBI Asuransi Bintang Tbk.
Financial Data and Ratios Book End : December
Public Accountant : Mulyamin Sensi Suryanto & Lianny (Member of Moore Stephens International Limited)

BALANCE SHEET Dec-12 Dec-13 Dec-14 Dec-15 Sep-16 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Total Investment 418 418 188,144 57,743 222,709 625

Cash on hand and in Banks 14,011 6,420 11,761 6,984 1,166

Premium Receivables 74,115 73,325 87,145 118,252 2,489 500

Reinsurance Receivables 17,313 12,188 12,326 5,752 6,640

375
Other Receivable 16,463 15,137 11,412 9,839 6,598
Fixed Assets 24,181 34,057 32,490 32,215 32,337
250
Other Assets 2,159 2,254 2,987 1,431 6,150
Total Assets 369,709 398,948 439,681 494,003 533,803 125
Growth (%) 7.91% 10.21% 12.35% 8.06%
-
Claims payable 11,549 4,380 1,566 799 3,232 2012 2013 2014 2015 Sep-16

Reinsurance payables 25,301 14,374 39,773 47,571 26,942

Taxes payable 687 802 4,720 967 1,526
Total Liabilities 249,326 270,904 302,061 333,298 367,493 TOTAL EQUITY (Bill. Rp)
Growth (%) 8.65% 11.50% 10.34% 10.26% 166
166
161

Authorized Capital 160,000 160,000 160,000 320 80,000 128

138

Paid up Capital 87,097 87,097 87,097 87,097 87,097 119

132

Paid up Capital (Shares) 174 174 174 174 348

500 500 500 500 250
98

Par Value
Retained Earnings 29,851 45,069 50,337 74,632 77,193 65

Total Equity 118,716 128,044 137,620 160,705 166,311

Growth (%) 7.86% 7.48% 16.77% 3.49% 31

INCOME STATEMENTS Dec-12 Dec-13 Dec-14 Dec-15 Sep-16

-3

2012 2013 2014 2015 Sep-16

Underwriting Revenues 136,306 92,582 131,941 176,303 142,905
Growth (%) -32.08% 42.51% 33.62%

UNDERWRITING REVENUES (Bill. Rp)

Underwriting Expenses 62,031 75,964 51,124 85,878 68,179
Underwriting Income 74,275 16,618 80,817 90,425 74,726 176

Income from Investments 16,583 75,964 13,318 26,874 6,380

176

143
Operating Expenses 61,020 16,618 83,108 89,465 74,301 140
136 132
Income from Operating 29,838 6,873 11,027 27,835 6,805
Growth (%) -76.97% 60.43% 152.44% 104 93

Others Income 2,788 23,491 3,106 2,636 2,655 68

Income before Tax 32,626 3,699 14,133 30,471 9,460

Tax 6,336 - 4,291 2,272 2,326
32

Profit for the period 26,291 19,792 9,842 28,199 7,134 -4

Growth (%) -24.72% -50.28% 186.53% 2012 2013 2014 2015 Sep-16

Period Attributable - 19,792 9,481 28,199 7,133

Comprehensive Income 28,088 13,902 14,149 27,346 10,178 PROFIT FOR THE PERIOD (Bill. Rp)
Comprehensive Attributable - 13,901 14,149 27,346 10,177
28
28 26
RATIOS Dec-12 Dec-13 Dec-14 Dec-15 Sep-16
Dividend (Rp) 25.00 25.00 20.00 25.00 - 22

20

EPS (Rp) - 113.62 54.43 161.88 20.47

BV (Rp) 681.52 735.07 790.04 922.57 477.37
17

DAR (X) 0.67 0.68 0.69 0.67 0.69 11

9.8
DER(X) 2.10 2.12 2.19 2.07 2.21 7.1

ROA (%) 7.11 4.96 2.24 5.71 1.34 5

ROE (%) 22.15 15.46 7.15 17.55 4.29

OPM (%) 21.89 7.42 8.36 15.79 4.76
-1

2012 2013 2014 2015 Sep-16

NPM (%) 19.29 21.38 7.46 15.99 4.99
Payout Ratio (%) 22.00 36.74 15.44 -
Yield (%) 5.10 5.15 2.11 5.68 -