PT Asuransi Tugu Pratama Indonesia Tbk (TUGU.JK)
PT Asuransi Tugu Pratama Indonesia Tbk operates in the Insurance - Diversified industry of the Financial Services sector, headquartered in Jakarta, JB, ID. The stock last traded at $1275.00, up 3.24% on the session, giving a market capitalisation of $4.53T. Its beta of 0.91 implies it has historically moved less than the broad market.
PT Asuransi Tugu Pratama Indonesia Tbk (TUGU.JK) is an Indonesian financial services company primarily involved in conventional general insurance, sharia insurance, and reinsurance. The firm manages its operations through distinct segments such as General Insurance, Reinsurance, Rental and Related Businesses, and Other activities. Its comprehensive range of insurance products addresses diverse needs, spanning from complex energy-related risks, including coverage for onshore and offshore facilities, pipelines, and oil and gas drilling equipment, to property and industrial protection against fire, business disruption, asset damage, terrorism, and machinery breakdown. The company also specializes in marine insurance, covering operations, cargo, hull and machinery, builder's risk, and protection and indemnity, alongside aviation insurance for hulls, liabilities, and personal accidents, even extending to satellite launch and in-orbit coverage. Furthermore, it offers policies for construction projects, covering contractor's risks, heavy equipment, civil engineering, and business interruption. Financial guarantees like credit, suretyship, and payment bonds are also provided. A variety of other insurance types include workmen's compensation, theft, travel, fidelity guarantee, and unique offerings such as hole-in-one and kidnap and ransom. Extensive liability coverage is available for products (including aviation), charterers, automobiles, freight forwarders, port operators, and even satellite de-orbiting. Health and retail insurance complete its product portfolio. Beyond its core insurance activities, the company diversifies its investments into stocks and is active in real estate, involving development, rental, and trading of properties. It also delivers a suite of ancillary services, including brokerage, reinsurance consultancy, risk management, survey, and valuation. Originally established in 1981 as PT Tugu Pratama Indonesia, the company is headquartered in Jakarta, Indonesia, and operates as a subsidiary of PT Pertamina (Persero) Tbk.
PT Asuransi Tugu Pratama Indonesia Tbk is most often compared with the following Financial Services names: