ASBI Asuransi Bintang Tbk.

COMPANY REPORT : JANUARY 2014 As of 30 January 2014

Development Board Individual Index : 189.247
Industry Sector : Finance (8) Listed Shares : 174,193,236
Industry Sub Sector : Insurance (84) Market Capitalization : 87,096,618,000
440 | 0.09T | 0.002% | 99.95%

316 | 0.03T | 0.002% | 99.91%

COMPANY HISTORY SHAREHOLDERS (January 2014)

Established Date : 17-Mar-1955 1. PT Srihana Utama 61,761,388 : 35.46%
Listing Date : 29-Nov-1989 2. PT Ngrumat Bondo Utomo 43,651,082 : 25.06%
Under Writer IPO : 3. Warisan Kasih Bunda 36,661,944 : 21.05%
PT Aseam Indonesia 4. Public (<5%) 32,118,822 : 18.43%
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 F
PT Blue Chip Mulia 1991 100.00 16-Jul-92 17-Jul-92 24-Jul-92 03-Aug-92 F
Bina Mulia Building I, 4th Fl. 1992 100.00 22-Jul-93 23-Jul-93 30-Jul-93 19-Aug-93 F
Jln. H.R. Rasuna Said Kav. 10, Jakarta 12950 1993 60.00 21-Jul-94 22-Jul-94 29-Jul-94 22-Aug-94 F
Phone : (021) 520-1928, 1983, 1993, 1989 1994 180.00 21-Jul-95 24-Jul-95 01-Aug-95 01-Sep-95 F
Fax : (021) 520-1924 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 1997 2:6 18-Sep-97 19-Sep-97 29-Sep-97 13-Oct-97 F
1. Shanti Lasminingsih Poesposoetjipto 1997 75.00 23-Jul-98 24-Jul-98 03-Aug-98 27-Aug-98 F
2. Chaerul D. Djakman *) 1998 75.00 22-Jun-99 23-Jun-99 01-Jul-99 30-Jul-99 F
3. Harry Kuntoro *) 1999 210.00 04-Jul-00 05-Jul-00 13-Jul-00 18-Jul-00 F
4. Hastanto Sri Margi Widodo 2000 2:5 17-Oct-00 18-Oct-00 23-Oct-00 01-Nov-00
5. Petronius Saragih 2000 70.00 28-May-01 29-May-01 01-Jun-01 18-Jun-01 F
6. Torkis David Parlaungan Batubara 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. Zafar Dinesh Idham 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 1992 50.00 00-Jan-00 00-Jan-00 00-Jan-00 00-Jan-00 F
2. Arfandi Rifai
3. Munir M.Ali ISSUED HISTORY
Listing Trading
CORPORATE SECRETARY No. Type of Listing Shares Date Date
Jenry Cardo Manurung 1. First Issue 1,000,000 29-Nov-89 29-Nov-89
2. Company Listing 3,600,000 13-Apr-94 13-Apr-94
HEAD OFFICE 3. Stock Split 4,600,000 13-Oct-97 13-Oct-97
Jln. RS Fatmawati No. 32 4. Bonus Shares 13,800,000 14-Oct-97 14-Oct-97
Jakarta Selatan 5. Bonus Shares 57,499,994 01-Nov-00 01-Nov-00
Phone : (021) 759-02777 6. Stock Dividend 61,075,668 22-Sep-06 22-Sep-06
Fax : (021) 759-02555, 765-6287 7. Right Issue 32,617,574 27-Dec-06 27-Dec-06

Homepage : www.asuransibintang.com
Email : jenry.cardo@asuransibintang.com
 ASBI Asuransi Bintang Tbk.
TRADING ACTIVITIES
Closing Price* and Trading Volume
Asuransi Bintang Tbk. Closing Price Freq. Volume Value

Day
Closing Volume
Price* January 2010 - January 2014 (Mill. Sh) Month High Low Close (X) (Thou. Sh.) (Million Rp)
700 48.0 Jan-10 - - 290 - - - -
Feb-10 - - 290 - - - -
613 42.0 Mar-10 - - 290 - - - -
Apr-10 280 275 275 2 11 3 2
May-10 - - 275 - - - -
525 36.0
Jun-10 225 225 225 1 22 5 1
Jul-10 285 225 285 6 10 3 2
438 30.0
Aug-10 - - 285 1 271 77 1
Sep-10 350 330 340 7 54 18 1
350 24.0
Oct-10 310 260 310 7 19 5 5
Nov-10 265 205 255 19 81 20 6
263 18.0 Dec-10 - - 255 - - - -

175 12.0 Jan-11 - - 255 1 18 6 1

Feb-11 305 305 305 1 0.5 0.2 1
88 6.0 Mar-11 - - 305 - - - -
Apr-11 300 270 290 4 21 6 2
May-11 510 285 305 10,497 61,362 25,909 18
Jun-11 340 270 290 897 2,869 908 20
Jan-10 Jan-11 Jan-12 Jan-13 Jan-14
Jul-11 390 280 360 1,317 8,267 2,973 20
Aug-11 350 245 280 698 3,082 1,001 18
Sep-11 295 275 280 69 368 103 6
Closing Price*, Jakarta Composite Index (IHSG) and Oct-11 280 230 265 107 543 129 14
Finance Index Nov-11 280 225 245 351 2,492 625 15
January 2010 - January 2014 Dec-11 305 245 275 1,159 5,699 1,622 18
150%
Jan-12 295 265 285 419 3,214 851 19
125% Feb-12 460 280 355 9,146 35,043 13,922 21
Mar-12 435 350 360 14,630 41,607 16,602 19
100% Apr-12 550 350 460 12,404 63,202 30,205 20
87.8% May-12 730 400 425 18,020 68,376 43,757 21
75% Jun-12 495 370 435 451 1,669 702 20
71.6%
72.4% Jul-12 475 415 435 1,754 4,510 1,963 22
Aug-12 450 400 425 157 423 181 16
50%
Sep-12 570 420 470 687 3,286 1,705 20
Oct-12 540 465 490 1,540 4,055 2,033 21
25%
Nov-12 510 460 475 567 1,430 698 18
Dec-12 490 460 490 31 202 100 11
-

Jan-13 520 465 480 3,223 6,635 3,269 19

-25% Feb-13 550 460 530 7,354 14,421 7,524 20
Mar-13 560 475 540 4,509 10,073 5,384 18
-50% Apr-13 700 550 680 657 5,247 3,269 22
Jan 10 Jan 11 Jan 12 Jan 13 Jan 14 May-13 680 500 560 240 1,899 1,107 17
Jun-13 570 460 475 124 531 264 17
Jul-13 510 430 430 130 697 322 22
SHARES TRADED 2010 2011 2012 2013 Jan-14 Aug-13 480 420 470 14 105 45 11
Volume (Million Sh.) 0.5 85 227 46 0.3 Sep-13 510 420 425 26 122 56 8
Value (Billion Rp) 0.1 33 113 24 0.2 Oct-13 520 420 470 207 865 374 18
Frequency (Thou. X) 0.04 15 60 17 0.04 Nov-13 500 440 440 323 511 241 13
Days 18 133 228 190 13 Dec-13 510 470 485 9 5,206 2,079 5

Price (Rupiah) Jan-14 505 450 500 40 289 171 13

High 350 510 730 700 505
Low 205 225 265 420 450
Close 255 275 490 485 500
Close* 255 275 490 485 500

PER (X) 16.60 4.86 3.04 3.70 4.40

PER Industry (X) 16.00 6.61 6.58 17.01 16.26
PBV (X) 0.48 0.47 0.72 0.67 0.68
* 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 Ltd.)

BALANCE SHEET Dec-09 Dec-10 Dec-11 Dec-12 Sep-13 TOTAL ASSETS AND LIABILITIES (Bill. Rp)
(Million Rp except Par Value) Assets Liabilities
Total Investment 85,095 93,065 103,332 418 220,988 400

Cash on hand and in Banks 4,486 3,653 4,687 14,011 5,664

320
Premium Receivables 44,093 66,304 55,084 74,115 86,690
Reinsurance Receivables 3,423 16,564 18,905 17,313 15,764
240
Other Receivable 3,624 4,916 5,550 16,463 9,182
Fixed Assets 27,686 28,090 25,893 24,181 31,484
160
Other Assets 1,906 1,399 1,686 2,159 1,876
Total Assets 186,854 243,601 245,566 369,709 389,208 80
Growth (%) 30.37% 0.81% 50.55% 5.27%
-
Claims payable 7,087 3,176 4,285 11,549 6,007 2009 2010 2011 2012 Sep-13

Reinsurance payables 16,340 31,752 26,418 25,301 18,252

Taxes payable 1,258 753 512 687 949
Total Liabilities 99,594 151,965 142,453 249,326 263,342 TOTAL EQUITY (Bill. Rp)
Growth (%) 52.58% -6.26% 75.02% 5.62% 126
126
119

Authorized Capital 160,000 160,000 160,000 160,000 160,000 101

92
Paid up Capital 87,097 87,097 87,097 87,097 87,097 87
100

Paid up Capital (Shares) 174 174 174 174 174

75

Par Value 500 500 500 500 500

Retained Earnings -1,799 5,138 14,257 29,851 42,390 49

Total Equity 87,235 91,611 101,487 118,716 125,866

Growth (%) 5.02% 10.78% 16.98% 6.02% 23

INCOME STATEMENTS Dec-09 Dec-10 Dec-11 Dec-12 Sep-13

-3

2009 2010 2011 2012 Sep-13

Underwriting Revenues 59,952 72,666 93,056 136,306 113,872
Growth (%) 21.21% 28.06% 46.48%

UNDERWRITING REVENUES (Bill. Rp)

Underwriting Expenses 39,004 39,443 49,735 62,031 53,948
Underwriting Income 20,947 33,223 43,322 74,275 59,925 136

18,644 6,334 11,569 16,583 9,423

136

Income from Investments 114

Operating Expenses 43,662 48,662 50,477 61,020 51,094
93
108

Income from Operating -4,072 -9,104 4,415 29,838 18,253

Growth (%) -123.60% N/A 575.91% 81
73
60

Others Income 1,538 3,387 5,131 2,788 2,040

53

Income before Tax -2,534 -5,717 9,545 32,626 20,293

Tax -6,171 -8,394 426 6,336 3,180
25

Profit for the period -3,637 2,677 9,119 26,291 17,113 -3

Growth (%) N/A 240.68% 188.30% 2009 2010 2011 2012 Sep-13

Period Attributable - - - - 17,112

Comprehensive Income 3,637 2,677 9,850 28,088 17,724 PROFIT FOR THE PERIOD (Bill. Rp)
Comprehensive Attributable - - - - 11,723
26
26

RATIOS Dec-09 Dec-10 Dec-11 Dec-12 Sep-13

Dividend (Rp) - - 20.00 25.00 - 20

17
EPS (Rp) - - - - 98.24
500.79 525.92 582.61 681.52 722.56
14

BV (Rp) 9.1
DAR (X) 0.53 0.62 0.58 0.67 0.68 8

DER(X) 1.14 1.66 1.40 2.10 2.09 2.7

ROA (%) -1.95 1.10 3.71 7.11 4.40 2
2009
ROE (%) -4.17 2.92 8.99 22.15 13.60
2010 2011 2012 Sep-13
OPM (%) -6.79 -12.53 4.74 21.89 16.03
-4

-3.6
NPM (%) -6.07 3.68 9.80 19.29 15.03
Payout Ratio (%) -
Yield (%) - - 7.27 5.10 -