Financial Ratios PT MSIG Life Insurance Indonesia Tbk

Equities

LIFE

ID1000150600

Life & Health Insurance

End-of-day quote INDONESIA S.E. Other stock markets 2024-09-06			5-day change	1st Jan Change
6,000.00 ^IDR	-0.41%		+3.45%	-0.41%

Jul. 31	PT MSIG Life Insurance Indonesia Tbk Reports Earnings Results for the Half Year Ended June 30, 2024	CI
Apr. 30	PT MSIG Life Insurance Indonesia Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: PT MSIG LIFE INSURANCE INDONESIA TBK

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Premiums and Annuity Revenues	3,547B	3,641B	3,597B	2,575B	2,570B
Total Interest And Dividend Income	848B	677B	582B	614B	731B
Asset Management Fee	43.94B	40.04B	34.74B	23.22B	56.8B
Gain (Loss) on Sale of Investments, Total (Rev)	-7.83B	-35.01B	-187B	108B	98.16B
Other Revenues, Total	44.36B	37.38B	47.24B	137B	39.03B
Total Revenues	4,475B	4,360B	4,073B	3,458B	3,494B
Policy Benefits	3,418B	3,319B	3,125B	2,154B	1,956B
Policy Acquisition / Underwriting Costs, Total	312B	288B	384B	463B	730B
Selling General & Admin Expenses, Total	334B	357B	389B	416B	495B
Other Operating Expenses	61.52B	10.93B	48.23B	17.52B	16.9B
Total Operating Expenses	4,125B	3,976B	3,946B	3,051B	3,198B
Operating Income	350B	385B	128B	407B	296B
Currency Exchange Gains (Loss)	-	18.67B	2.01B	49.99B	-11.01B
EBT, Excl. Unusual Items	350B	403B	130B	457B	285B
Gain (Loss) on Sale of Assets	1.05B	1.08B	4.89B	3.08B	1.67B
Asset Writedown	-	-	4.52B	7.22B	2.19B
Legal Settlements	-	-	-	-38.15B	-90B
EBT, Incl. Unusual Items	351B	404B	139B	429B	199B
Income Tax Expense	64.09B	73.54B	65.4B	60.89B	72.62B
Earnings From Continuing Operations	287B	331B	73.82B	368B	126B
Net Income to Company	287B	331B	73.82B	368B	126B
Net Income - (IS)	287B	331B	73.82B	368B	126B
Net Income to Common Incl Extra Items	287B	331B	73.82B	368B	126B
Net Income to Common Excl. Extra Items	287B	331B	73.82B	368B	126B
Per Share Items
Net EPS - Basic	136.52	157.59	35.15	175.13	60.23
Basic EPS - Continuing Operations	136.52	157.59	35.15	175.13	60.23
Basic Weighted Average Shares Outstanding	2.1B	2.1B	2.1B	2.1B	2.1B
Net EPS - Diluted	136.52	157.59	35	175	60.23
Diluted EPS - Continuing Operations	136.52	157.59	35	175	60.23
Diluted Weighted Average Shares Outstanding	2.1B	2.1B	2.1B	2.1B	2.1B
Normalized Basic EPS	104.08	120.06	38.63	135.87	84.9
Normalized Diluted EPS	104.08	120.06	38.63	135.87	84.9
Dividend Per Share	74	243	34	177	38
Payout Ratio	132.55	46.96	691.24	19.41	293.86
Supplemental Items
EBITDA	381B	408B	152B	427B	319B
EBITA	350B	385B	128B	407B	296B
EBIT	350B	385B	128B	407B	296B
EBITDAR	406B	413B	157B	432B	322B
Total Revenues (As Reported)	4,484B	4,382B	4,091B	3,521B	3,496B
Effective Tax Rate - (Ratio)	18.27	18.18	46.98	14.2	36.47
Total Current Taxes	1.22B	1.37B	-	-	-
Total Deferred Taxes	1.6B	8.9B	-1.68B	-8.06B	1.02B
Normalized Net Income	219B	252B	81.13B	285B	178B
Interest on Long-Term Debt	-	2.16B	1.02B	329M	-
Non-Cash Pension Expense	-	839M	3.46B	-	6.21B
Supplemental Operating Expense Items
Advertising Expense	8.52B	8.04B	8.97B	24.9B	30.11B
Marketing Expenses	27.71B	42.6B	25.66B	47.78B	58.28B
Selling and Marketing Expenses	36.23B	50.64B	34.63B	72.67B	88.4B
General and Administrative Expenses	260B	289B	336B	329B	393B
Net Rental Expense, Total	25.13B	5.19B	5.93B	4.86B	3.55B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Investment In Debt Securities	6,359B	5,489B	5,349B	6,177B	6,677B
Investment In Equity and Preferred Securities, Total	688B	553B	479B	261M	261M
Trading Asset Securities, Total	4,361B	4,738B	6,387B	5,653B	5,024B
Mortgage Loans	7.61B	6.53B	6.54B	4.63B	3.29B
Policy Loans	2.64B	2.48B	2.19B	2.26B	2.45B
Total Other Investments	3,320B	3,302B	1,660B	1,369B	1,534B
Total investments	14,738B	14,091B	13,883B	13,207B	13,241B
Cash And Equivalents	682B	825B	1,524B	1,364B	781B
Reinsurance Recoverable - (IS)	31.87B	19.18B	54.15B	67.08B	59.74B
Other Receivables - (Insurance Template)	61.04B	154B	122B	181B	193B
Deferred Policy Acquisition Costs - (BS)	116B	166B	136B	101B	61.49B
Gross Property Plant And Equipment	298B	356B	354B	350B	365B
Accumulated Depreciation	-122B	-160B	-138B	-162B	-193B
Net Property Plant And Equipment	177B	196B	216B	188B	172B
Other Intangibles, Total	5.24B	5.51B	7.24B	7.42B	7.29B
Other Current Assets, Total	31.98B	24.95B	61.38B	112B	159B
Deferred Charges Long-Term	387B	360B	333B	307B	280B
Other Long-Term Assets, Total	5.35B	5.58B	7.88B	3.11B	152M
Total Assets	16,234B	15,848B	16,345B	15,536B	14,954B
Liabilities
Accounts Payable, Total	2.42B	3.01B	2.73B	5B	4.51B
Accrued Expenses, Total	112B	151B	153B	171B	173B
Insurance And Annuity Liabilities	4,798B	3,388B	3,268B	2,771B	2,747B
Unpaid Claims	217B	317B	347B	372B	472B
Unearned Premiums	64.81B	80.74B	86.72B	92.32B	180B
Reinsurance Payable - (BS)	8.78B	6.3B	46.22B	17.56B	51.23B
Current Portion of Leases	-	733M	20.47B	9.05B	8.46B
Long-Term Leases	-	34.05B	-	-	6.24B
Separate Account Liability	3,173B	3,694B	4,700B	4,203B	3,560B
Current Income Taxes Payable	2.8B	2.13B	3.15B	4.74B	6.97B
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	5.51B	2.53B	31.27B	79.58B	141B
Unearned Revenue Non Current	37.8B	35.75B	42.16B	61.08B	57.64B
Pension & Other Post Retirement Benefits	11.74B	20.22B	27.36B	34.46B	18.3B
Deferred Tax Liability Non-Current	34.25B	64B	48.62B	31.06B	36.76B
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	8,469B	7,800B	8,777B	7,852B	7,462B
Common Stock, Total	210B	210B	210B	210B	210B
Additional Paid In Capital	6,842B	6,842B	6,842B	6,842B	6,842B
Retained Earnings	477B	660B	221B	382B	138B
Comprehensive Income and Other	237B	335B	294B	251B	301B
Total Common Equity	7,766B	8,047B	7,568B	7,685B	7,492B
Total Equity	7,766B	8,047B	7,568B	7,685B	7,492B
Total Liabilities And Equity	16,234B	15,848B	16,345B	15,536B	14,954B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.1B	2.1B	2.1B	2.1B	2.1B
ECS Total Common Shares Outstanding	2.1B	2.1B	2.1B	2.1B	2.1B
Book Value / Share	3.7K	3.83K	3.6K	3.66K	3.57K
Tangible Book Value	7,760B	8,042B	7,560B	7,677B	7,484B
Tangible Book Value Per Share	3.7K	3.83K	3.6K	3.66K	3.56K
Total Debt	0	34.79B	20.47B	9.05B	14.7B
Net Debt	-682B	-791B	-1,504B	-1,355B	-766B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	20.22B	27.36B	-	10.18B
Debt Equivalent Oper. Leases	201B	41.54B	47.42B	38.84B	28.39B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	45.54B	45.54B	44.31B	44.31B	44.31B
Buildings, Total	157B	159B	163B	166B	166B
Machinery, Total	94.65B	96.64B	91.03B	85.72B	83.79B
Full Time Employees	-	393	406	430	455

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	287B	331B	73.82B	368B	126B
Depreciation, Depletion & Amortization	31.41B	40.86B	36.49B	32.8B	34.56B
Total Depreciation, Depletion & Amortization	31.41B	40.86B	36.49B	32.8B	34.56B
Other Operating Activities	-684B	-1,192B	790B	-1,722B	-1,036B
Cash from Operations	-366B	-820B	900B	-1,321B	-875B
Capital Expenditure	-7.73B	-5.64B	-16.47B	-5.56B	-2.14B
Sale of Property, Plant, and Equipment	7.2B	1.17B	4.89B	3.08B	1.67B
Purchase / Sale of Intangible Assets	-	-	-4.03B	-5.91B	-8.83B
Investment in Marketable and Equity Securities, Total	-136B	919B	200B	759B	-46.23B
Net (Increase) Decrease in Loans Originated / Sold - Investing	643M	1.24B	267M	1.8B	1.17B
Other Investing Activities, Total	823B	230B	149B	478B	729B
Cash from Investing	687B	1,145B	334B	1,230B	674B
Long-Term Debt Repaid, Total	-	-26.92B	-17.53B	-11.75B	-10.74B
Total Debt Repaid	-	-26.92B	-17.53B	-11.75B	-10.74B
Common Dividends Paid	-380B	-155B	-510B	-71.4B	-372B
Common & Preferred Stock Dividends Paid	-380B	-155B	-510B	-71.4B	-372B
Cash from Financing	-380B	-182B	-528B	-83.15B	-382B
Foreign Exchange Rate Adjustments	-3.56B	986M	1.16B	9.07B	-1.72B
Net Change in Cash	-62.71B	144B	707B	-166B	-585B
Supplemental Items
Net Debt Issued / Repaid	-	-26.92B	-17.53B	-11.75B	-10.74B
Levered Free Cash Flow	-173B	-43.22B	-1,486B	963B	1,055B
Unlevered Free Cash Flow	-173B	-43.22B	-1,486B	963B	1,055B
Change In Net Working Capital	416B	319B	1,582B	-688B	-847B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.38	1.5	0.5	1.59	1.21
Return on Total Capital	2.92	3.03	1.02	3.33	2.44
Return On Equity %	3.83	4.19	0.95	4.82	1.67
Return on Common Equity	3.83	4.19	0.95	4.82	1.67
Margin Analysis
Gross Profit Margin %	16.36	16.97	13.56	24.02	22.85
SG&A Margin	7.17	7.9	9.23	11.75	13.89
EBITDA Margin %	8.52	9.36	3.72	12.34	9.12
EBITA Margin %	7.82	8.82	3.14	11.76	8.48
EBIT Margin %	7.82	8.82	3.14	11.76	8.48
Income From Continuing Operations Margin %	6.41	7.59	1.81	10.64	3.62
Net Income Margin %	6.41	7.59	1.81	10.64	3.62
Net Avail. For Common Margin %	6.41	7.59	1.81	10.64	3.62
Normalized Net Income Margin	4.88	5.78	1.99	8.25	5.1
Levered Free Cash Flow Margin	-3.87	-0.99	-36.47	27.85	30.2
Unlevered Free Cash Flow Margin	-3.87	-0.99	-36.47	27.85	30.2
Asset Turnover
Asset Turnover	0.28	0.27	0.25	0.22	0.23
Fixed Assets Turnover	23.34	23.39	19.78	17.12	19.43
Receivables Turnover (Average Receivables)	105.91	90.95	113.53	82.7	65.47
Short Term Liquidity
Current Ratio	9.49	9.99	11.58	9.61	6
Quick Ratio	9.37	9.76	11.29	9.23	5.67
Operating Cash Flow to Current Liabilities	-0.67	-1.42	1.28	-1.72	-0.84
Days Sales Outstanding (Average Receivables)	3.45	4.02	3.21	4.41	5.58
Average Days Payable Outstanding	31.34	35.33	38.75	56.97	63.55
Long Term Solvency
Total Debt/Equity	-	0.43	0.27	0.12	0.2
Total Debt / Total Capital	-	0.43	0.27	0.12	0.2
LT Debt/Equity	-	0.42	-	-	0.08
Long-Term Debt / Total Capital	-	0.42	-	-	0.08
Total Liabilities / Total Assets	52.17	49.22	53.7	50.54	49.9
Total Debt / EBITDA	-	0.08	0.12	0.02	0.04
Net Debt / EBITDA	-1.79	-1.86	-9.15	-3.08	-2.32
Total Debt / (EBITDA - Capex)	-	0.08	0.14	0.02	0.04
Net Debt / (EBITDA - Capex)	-1.83	-1.88	-10.17	-3.12	-2.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.14	-3.2	-6.58	-15.12	1.06
Gross Profit, 1 Yr. Growth %	5.36	-2.83	-25.39	50.37	-3.83
EBITDA, 1 Yr. Growth %	-8.67	-0.64	-62.86	181.58	-25.3
EBITA, 1 Yr. Growth %	-11.7	1.44	-66.78	218.09	-27.12
EBIT, 1 Yr. Growth %	-11.7	1.44	-66.78	218.09	-27.12
Earnings From Cont. Operations, 1 Yr. Growth %	-16.31	15.44	-77.69	398.18	-65.61
Net Income, 1 Yr. Growth %	-16.31	15.44	-77.69	398.18	-65.61
Normalized Net Income, 1 Yr. Growth %	-11.7	15.35	-67.82	251.67	-37.51
Diluted EPS Before Extra, 1 Yr. Growth %	-16.25	15.44	-77.79	400	-65.61
Net Property, Plant and Equip., 1 Yr. Growth %	-14.43	10.83	10.14	-12.95	-8.57
Accounts Receivable, 1 Yr. Growth %	17.81	11.4	-53.01	127.43	-9.96
Total Assets, 1 Yr. Growth %	4.37	-2.38	3.14	-4.95	-3.75
Common Equity, 1 Yr. Growth %	7.76	3.63	-5.96	1.55	-2.51
Tangible Book Value, 1 Yr. Growth %	7.75	3.63	-5.99	1.54	-2.51
Cash From Operations, 1 Yr. Growth %	949.86	124.34	-209.69	-246.86	-33.78
Capital Expenditures, 1 Yr. Growth %	-18.82	-27.05	191.9	-66.22	-61.59
Levered Free Cash Flow, 1 Yr. Growth %	-123.44	-83.04	3.34K	-164.82	9.59