PT Asuransi Harta Aman Pratama Tbk.

Head Office

Business
Company Status

Gedung AHAP Insurance

Jl. Balikpapan Raya No. 6
Jakarta 10130
Phone (021) 634-8760 (Hunting), 384-5678
Fax (021) 6386-4545, 6386-4480
E-mail: harta@asuransi-harta.co.id
Homepage: www.asuransi-harta.co.id
General Insurance
PMDN

Financial Performance: The Company booked net

profit at IDR 14.431 billion in 2011, increasing from IDR9.413
billion in 2010.
Brief History: Founded on May 28 1982, the company was granted approval by the Minster of Justice via Ministerial Decree No. C2-1325-HT01-01 TH.82, dated September 21
1982, and was issued Operating License No. KEP/633/MD/1983
by the Minster of Finance on February 11 the following year.
Its operations in the damage insurance business include damage
reinsurance. The company was set up by the founders of the
Harapan Group. This conglomerate initially acted as the sole Indonesian agent for sales of Yamaha Motor products from Japan,
but rapidly expanded its operations to other Asian countries,
notably Singapore and Hong Kong. The Harapan Group diversified not only into the currency exchange business, but also into
international trade, industry, and property development. The
group also controlled two financial institutions, PT Bank Harapan Sentosa (Bank BHS) and PT Bank Pasar Gunung Kencana
(Bank Guna), both of which have since gone into liquidation. Its
expertise in the insurance business was gained from technical
assistance provided by Asia Insurance Co. Ltd. of Hong Kong
from the time the company was first established in 1983 up
until the end of 1998. Since 1989, the companyhas been run
exclusively by Indonesian insurance professionals. Having made
a share offering on the Jakarta and Surabaya stock exchanges in
1990, eight years later the companys founders sold a portion of
their shares to local and foreign investors. At the 1998 General
Meeting of Shareholders, the company changed its to PT Asuransi Harta Aman Pratama Tbk (PT AHAP Tbk).

Insurance

Summary of Financial Statement

(Million Rupiah)
2009
2010
2011
Total Assets
Current Assets
of which
Cash and Cash Equivalents
Receivable from reinsurers
Premium receivables
Non-current Assets
of which
Fixed Asset Net
Investment
Other Assets

100,770
34,244

126,550
59,344

144,972
68,099

5,576
4,193
24,314
66,526

4,206
15,899
39,038
67,206

3,873
16,182
47,868
76,873

5,318
58,740
879

5,682
56,630
3,210

7,730
64,551
2,657

Liabilities
Current Liabilities
of which
Payable to reinsurers
Taxes payable
Accrued expenses
Non-current Liabilities

47,984
23,495

68,021
33,813

74,603
40,418

2,890
408
133
24,489

2,890
408
133
34,208

2,890
408
133
34,185

Shareholders' Equity
Paid-up capital
Paid-up capital
in excess of par value
Retained earnings

52,786
25,000

58,528
25,000

70,369
25,000

5,340
22,446

5,340
28,188

5,340
40,029

Revenue
Operating Expenses
Operating Profit
Other Income (Expenses)
Profit (loss) before Taxes
Comprehensive Profit (loss)

83,519
77,598
5,921
1,398
7,319
7,277

120,425
112,001
8,423
1,223
9,646
9,413

150,183
136,230
13,954
1,264
15,218
14,431

Revenue Breakdown
Premium Income
Investment Income

107,784
4,371

150,028
3,803

165,182
3,805

Expense Breakdown
Commissions
Reinsurance Premiums
Claims Paid
Others

29,562
20,361
32,036
24,275

44,506
23,911
47,878
29,113

66,323
19,304
45,798
23,608

Per Share Data (Rp)

Earnings per Share
Equity per Share
Dividend per Share
Closing Price

15
106
n.a
114

19
117
n.a
125

29
141
6
200

Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)

7.83
1.08
n.a
n.a

6.64
1.07
n.a
n.a

6.93
1.42
0.22
0.04

0.07
0.09
0.72
0.30
0.60
0.05
7.22
13.79

0.07
0.08
0.75
0.32
0.46
0.04
7.44
16.08

0.09
0.10
0.82
0.28
0.48
0.05
9.95
20.51

Operating Profit Margin (x)

Net Profit Margin (x)
Expense Ratio (x)
Loss Ratio (x)
Solvency Ratio (x)
Inve
ROI (%)
ROE (%)

PER = 10.07x ; PBV = 1.39x (June 2012)

Financial Year: December 31
Public Accountant: Doli, Bambang, Sudarmadji & Dadang

(million rupiah)
2012
2011

Shareholders
PT Asuransi Central Asia
Tan Kin Lian
Tan Kah Ho
Public

734

61.36%
6.84%
5.47%
26.33%

Total Assets
Current Assets
Non-Current Assets
Liabilities
Shareholders' Equity
Net Sales
Profit after Taxes
ROI (%)
ROE (%)

148,518
69,075
79,442
76,417
72,101
59,754
5,562

127,481
52,793
74,689
66,894
60,587
49,049
4,417

3.74
7.71

3.46
7.29

in June

Indonesian Capital Market Directory 2012

PT Asuransi Harta Aman Pratama Tbk.

Insurance

Board of Directors
President Director Sunyata Wangsadarma, MA
Directors Eng Tjiang, SE, Sutjianta, SE, Rinawati, B.Bus

Board of Commissioners
President Commissioner Teddy Hailamsah
Commissioners Budi Santoso Tanuwibowo, Bambang Heryanto,
Pardjo

No

Type of Listing

1
2
3
4
5
6
7
8
9

First Issue
Company Listing
Bonus Shares
Stock Split
Stock Split
Stock Devidend
Banus Shares
Banus Shares
Right Issue

Number of Employees

80

Listing Date

Trading Date

Number of Shares
per Listing

14-Sep-90
01-Mar-93
01-Mar-93
02-Oct-00
15-Sep-03
19-Sep-03
29-Jun-04
3-Aug-07
19-Dec-08

14-Sep-90
01-Mar-93
01-Mar-93
02-Oct-00
15-Sep-03
19-Sep-03
29-Jun-04
3-Aug-07
19-Dec-08

1,000,000
3,000,000
2,000,000
6,000,000
108,000,000
20,000,000
120,000,000
50,000,000
190,000,000

Total Listed
Shares
1,000,000
4,000,000
6,000,000
12,000,000
120,000,000
140,000,000
260,000,000
310,000,000
500,000,000

Underwriters
PT INDOVEST, PT Ficorinvest
Stock Price, Frequency, Trading Days, Number and Value of Shares Traded and Market Capitalization
Stock Price
Month

Trading

Listed

Market

Frequency

Day

Shares

Capitalization

40

11

500,000,000

(Rp Million)
50,500.00

Shares Traded

High

Low

Close

Volume

Value

(Rp)

(Rp)

(Rp)

(Thousand Shares)

(Rp Million)

January-11

140

91

101

307.00

38.00

February-11

120

101

118

445.00

46.00

55

12

500,000,000

59,000.00

March-11

134

110

127

641.00

82.00

104

11

500,000,000

63,500.00

April-11

145

112

134

3,761.00

495.00

921

18

500,000,000

67,000.00

May-11

150

136

147

661.00

91.00

178

19

500,000,000

73,500.00

June-11

250

130

194

9,977.00

2,060.00

1,007

20

500,000,000

97,000.00

July-11

205

80

194

428.00

82.00

128

16

500,000,000

97,000.00

August-11

210

180

199

200.00

39.00

111

13

500,000,000

99,500.00

September-11

199

176

176

34.00

6.00

28

500,000,000

88,000.00

October-11

191

135

191

220.00

34.00

97

13

500,000,000

95,500.00

November-11

191

164

164

217.00

39.00

156

500,000,000

82,000.00

December-11

215

161

200

9,917.00

2,046.00

725

14

500,000,000

100,000.00

January-12

215

189

195

751.00

144.00

60

15

500,000,000

97,500.00

February-12

195

190

190

24,035.00

4,090.00

16

500,000,000

95,000.00

March-12

220

185

215

3,395.00

698.00

572

14

500,000,000

107,500.00

April-12

215

200

205

2,557.00

484.00

74

16

500,000,000

102,500.00

May-12

210

185

205

1,834.00

334.00

13

500,000,000

102,500.00

June-12

210

160

200

3,428.00

639.00

132

16

500,000,000

100,000.00

Stock Price and Traded Chart

Institute for Economic and Financial Research

735