ASBI AsuransiBintangTbk.

COMPANY REPORT : JULY 2012

Development Board
Industry Sector : Finance (8)
Industry Sub Sector : Insurance (84)
COMPANY HISTORY
Established Date : 17-Mar-1955
Listing Date
: 29-Nov-1989
Under Writer IPO :
PT Aseam Indonesia
PT Finconesia
PT Ficorinvest
PT Merchant Investment Corporation
PT PDFCI Securities
Securities Administration Bureau :
PT Blue Chip Mulia
Bina Mulia Building I, 4th Fl.
Jln. HR. Rasuna Said Kav. 10, Jakarta 12950
Phone : 520-1928, 1983, 1993, 1989
Fax
: 520-1924
BOARD OF COMMISSIONERS
1. Shanti L. Poesposoetjipto
2. Andrus Roestam Moenaf
3. Hastanto Sri Margi Widodo
4. Petronius Saragih
5. Salusra Satria *)
6. Windrarta *)
*) Independent Commissioners
BOARD OF DIRECTORS
1. Zafar Dinesh Idham
2. Jenry Cardo Manurung
3. Reniwati Darmakusumah
AUDIT COMMITTEE
1. Salusra Satria
2. Arfandi Rifai
3. Munir M. Ali
CORPORATE SECRETARY
Jenry Cardo Manurung
HEAD OFFICE
Jln. RS. Fatmawati No. 32
Jakarta Selatan, 12430
Phone : (021) 7590-2777, 769-0000
Fax
: (021) 7590-2555, 765-6287, 769-8558, 7591-0000
Homepage
Email

: www.asuransibintang.com
: jenry.cardo@asuransibintang.com;
bintang@asuransibintang.com

As of 31 July 2012
:
Individual Index
:
Listed Shares
Market Capitalization :
SHAREHOLDERS (July 2012)
1. PT Srihana Utama
2. PT Ngrumat Bondo Utomo
3. Warisan Kasih Bunda 02.596.924.7
4. Public ( <5% )
DIVIDEND ANNOUNCEMENT
Cash
Bonus
Year Shares Dividend Cum Date
1990
75.00 28-Jun-90
1991
100.00
16-Jul-92
1992
100.00
22-Jul-93
1993
60.00
21-Jul-94
1994
180.00
21-Jul-95
1995
275.00
25-Jul-96
1996
300.00
23-Jul-97
1997
2:6
18-Sep-97
1997
75.00
23-Jul-98
1998
75.00 22-Jun-99
1999
210.00
04-Jul-00
2000
2:5
17-Oct-00
2000
70.00 28-May-01
2001
45.00
01-Jul-02
2002
45.00
03-Jul-03
2003
30.00 30-Jun-04
2005
20.00
04-Jul-05
2005
20.00
04-Jul-06
2005 500 : 359,72048
05-Sep-06
2006
5.00 27-Jun-07
2011
20.00
24-Jul-12
1992
50.00 00-Jan-00

164.648
174,193,236
75,774,057,660

61,761,388
43,651,082
36,661,944
32,118,822

Ex Date
29-Jun-90
17-Jul-92
23-Jul-93
22-Jul-94
24-Jul-95
26-Jul-96
24-Jul-97
19-Sep-97
24-Jul-98
23-Jun-99
05-Jul-00
18-Oct-00
29-May-01
02-Jul-02
04-Jul-03
01-Jul-04
05-Jul-05
05-Jul-06
06-Sep-06
28-Jun-07
25-Jul-12
00-Jan-00

Recording
Date
06-Jul-90
24-Jul-92
30-Jul-93
29-Jul-94
01-Aug-95
05-Aug-96
01-Aug-97
29-Sep-97
03-Aug-98
01-Jul-99
13-Jul-00
23-Oct-00
01-Jun-01
05-Jul-02
08-Jul-03
06-Jul-04
07-Jul-05
07-Jul-06
08-Sep-06
02-Jul-07
27-Jul-12
00-Jan-00

:
:
:
:

35.46%
25.06%
21.05%
18.44%

Payment
Date
18-Jul-90
03-Aug-92
19-Aug-93
22-Aug-94
01-Sep-95
02-Sep-96
23-Aug-97
13-Oct-97
27-Aug-98
30-Jul-99
18-Jul-00
01-Nov-00
18-Jun-01
19-Jul-02
22-Jul-03
20-Jul-04
21-Jul-05
21-Jul-06
22-Sep-06
16-Jul-07
09-Aug-12
00-Jan-00

F/I
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
S
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.

Type of Listing
First Issue
Company Listing
Stock Split
Bonus Shares
Bonus Shares
Stock Dividend
Right Issue

Shares
1,000,000
3,600,000
4,600,000
13,800,000
57,499,994
61,075,668
32,617,574

Listing
Date
29-Nov-89
13-Apr-94
13-Oct-97
14-Oct-97
01-Nov-00
22-Sep-06
27-Dec-06

Trading
Date
29-Nov-89
13-Apr-94
13-Oct-97
14-Oct-97
01-Nov-00
22-Sep-06
27-Dec-06

ASBI AsuransiBintangTbk.
Closing Price
Volume
(Mill. Sh)

640

48.0

560

42.0

480

36.0

400

30.0

320

24.0

240

18.0

160

12.0

80

6.0

Jan-08

Jan-09

Jan-10

Jan-11

Jan-12

Change of Closing Price,

Finance Index and Jakarta Composite Index
January 2008 - July 2012

Month
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08

High
235
199
270
270
360
-

Low
132
199
196
270
360
-

Close
315
151
151
199
270
270
270
270
360
360
360
360

Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

300
300
295
-

295
295
290
-

Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10

280
225
285
330
310
265
-

Jan-11
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Oct-11
Nov-11
Dec-11
Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

Closing
Price*

TRADING ACTIVITIES

Closing Price* and Trading Volume

Asuransi Bintang Tbk.
January 2008 - July 2012

11
1
3
2
1
-

6
1
13
5,013
3
-

1.0
0.2
3
753
1
-

8
1
3
2
1
-

360
360
360
360
295
295
290
290
290
290
290
290

13
6
3
2

56
83
11
235

17
25
3
87

5
4
2
2

275
225
225
330
260
205
-

290
290
290
275
275
225
285
285
340
310
255
255

2
1
6
1
7
7
19
-

11
22
10
271
54
19
81
-

3
5
3
77
18
5
20
-

2
1
2
1
1
5
6
-

305
300
510
340
390
350
295
280
280
305

305
270
285
270
280
245
275
230
225
245

255
305
305
290
305
290
360
280
280
265
245
275

1
1
4
10,497
897
1,317
698
69
107
351
1,159

18
0.5
21
61,362
2,869
8,267
3,082
368
543
2,492
5,699

6
0.2
6
25,909
908
2,973
1,001
103
129
625
1,622

1
1
2
18
20
20
18
6
14
15
18

295
460
435
550
730
495
475

265
280
350
350
400
370
415

285
355
360
460
425
435
435

419
9,146
14,630
12,404
18,020
451
1,754

3,214
35,043
41,607
63,202
68,376
1,669
4,510

851
13,922
16,602
30,205
43,757
702
1,963

19
21
19
20
21
20
22

125%
105.6%

Jakarta Composite Index

Finance Index
Closing Price

100%
75%

51.7%

50%

38.1%
25%
-25%
-50%
-75%

Jan 08

Jan 09

Jan 10

Jan 11

Jan 12

SHARES TRADED

2008

2009

2010

2011

Jul-12

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

5
0.8
0.02
15

0.4
0.1
0.02
13

0.5
0.1
0.04
18

85
33
15
133

218
108
57
142

Price (Rupiah)
High
Low
Close
Close*

360
132
360
360

300
290
290
290

330
205
255
255

510
225
275
275

730
265
435
435

10.51
13.89
PER (X)
16.77
13.41
PER Industry (X)
0.78
0.58
PBV (X)
* Adjusted price after corporate action

16.60
16.00
0.48

4.86
10.29
0.47

3.04
8.22
0.76

ASBI AsuransiBintangTbk.
Financial Data and Ratios
Public Accountant : Mulyamin Sensi Suryanto & Lianny (Member of Moore Stephens International Ltd.)
BALANCE SHEET
(Million Rp except Par Value)

Dec-08

Dec-09

Dec-10

Dec-11

Mar-12

Total Investment

104,662

85,095

93,065

103,332

114,721

5,178

4,486

3,653

4,687

5,768

37,107

44,093

66,304

55,084

56,983

Reinsurance Receivables

11,165

3,423

16,564

18,905

17,115

1,149

3,624

4,916

5,550

15,584

Fixed Assets

28,605

27,686

28,090

25,893

25,579

Other Assets

1,941

1,906

1,399

1,686

1,629

Total Assets

200,328

186,854

243,601

245,566

314,936

-6.73%

30.37%

0.81%

28.25%

5,898

7,087

3,176

4,285

3,826
22,981

Other Receivable

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

Premium Receivables

Cash on hand and in Banks

Growth (%)

27,538

16,340

31,752

26,418

Taxes payable

1,494

1,258

753

512

272

Total Liabilities

120,170

99,594

151,965

142,453

214,746

-17.12%

52.58%

-6.26%

50.75%

Reinsurance payables

Growth (%)

260
195
130
65

2008

2009

Paid up Capital

160,000

160,000

160,000

160,000

160,000

87,097

87,097

87,097

87,097

87,097

Paid up Capital (Shares)

174

174

174

174

174

Par Value

500

500

500

500

500

2010

2011

Mar-12

TOTAL EQUITY (Billion Rupiah)

101

Authorized Capital

Liabilities

325

Claims payable

Book End : December

87

80

101

100

2011

Mar-12

92

81

60

Retained Earnings

-1,176

-1,799

5,138

14,257

11,769

Total Equity

80,132

87,235

91,611

101,487

100,190

8.86%

5.02%

10.78%

-1.28%

Growth (%)

39

19

-2

INCOME STATEMENTS
Underwriting Revenues

Dec-08
73,510

Growth (%)

Dec-09

Dec-10

Dec-11

Mar-12
23,776

59,952

72,666

93,056

-18.44%

21.21%

28.06%

2008

2009

2010

TOTAL REVENUES (Billion Rupiah)

Underwriting Expenses

48,909

39,004

39,443

49,735

9,944

Underwriting Income

24,600

20,947

33,223

43,322

13,832

Income from Investments

23,489

18,644

6,334

11,569

3,927

93
93

Operating Expenses

36,149

43,662

48,662

50,477

12,694

Income from Operating

11,940

-4,072

-9,104

4,415

5,065

N/A

-123.60%

N/A

1,538

3,387

5,131

Growth (%)

74

73

74

60
55

36

24

Others Income

3,410

547
17

15,350

-2,534

-5,717

9,545

Tax

9,382

-6,171

-8,394

426

570

Net Income

5,968

3,637

2,677

9,850

6,232

-39.06%

-26.40%

268.02%

Dec-08

Dec-09

Dec-10

Dec-11

Mar-12

20.00

Income before Tax

Growth (%)

5,612
-2

2008

2009

2010

2011

Mar-12

NET INCOME (Billion Rupiah)

RATIOS
Dividend (Rp)

34.26

20.88

15.37

56.55

35.78

BV (Rp)

460.02

500.79

525.92

582.61

575.17

DAR (X)

0.60

0.53

0.62

0.58

0.68

EPS (Rp)

9.9
10

6.2

6.0
6

DER(X)

1.50

1.14

1.66

1.40

2.14

ROA (%)

7.66

-1.36

-2.35

3.89

1.78

ROE (%)

19.16

-2.90

-6.24

9.41

5.60

OPM (%)

16.24

-6.79

-12.53

4.74

21.30

NPM (%)

8.12

6.07

3.68

10.59

26.21

Payout Ratio (%)

35.37

Yield (%)

7.27

3.6
4

2.7

-0

2008

2009

2010

2011

Mar-12