PT Asuransi Bina Dana Arta Tbk.

(Formerly PT Dharmala Insurance Tbk)

Head Office

Business
Company Status

Insurance

Summary of Financial Statement

Plaza ABDA 27th Floor

Jl. Jend. Sudirman Kav. 59
Jakarta 12190
Phone (021) 5140-1688 (Hunting)
Fax (021) 5140-1698-99
Website: www.abdainsurance.co.id
E-mail: contactus@abdainsurance.co.id
General Insurance
PMDN

(Million Rupiah)
2008
2009
2010

Financial Performance: In 2010, the Company booked net

income at IDR 45.297 billion, step up from IDR 26.055 billion
booked in previous year.
Brief History: PT. Asuransi Bina Dana Arta Tbk, was established and located in Jakarta as per Notarial Deed from Kartini Mulyadi SH, No. 78 dated October 12, 1982.
The Company is engaged in providing general insurance
for : Fire, Motor Vehicles, Engineering, Liabilities, Marine Cargo,
Heavy Equipment, Health, Miscellaneous and others.
In its first year, the Companys name was PT. Asuransi
Bina Dharma Arta and in 1994 changed into PT. Dharmala insurance. The Company was renamed PT. Asuransi Bina Dana
Arta Tbk, also known as ABDA Insurance since 1999.
At present, the Companys head office is located in Plaza
ABDA, Jl. Jend. Sudirman, Kav. 59, Jakarta. It operates through
29 branches and representative offices. Besides, we are expanding our network all over Indonesia.

Total Assets
Current Assets
of which
Cash and Cash Equivalents
Premium receivables
Receivable from reinsurers
Non-current Assets
of which
Fixed Assets-Net
Investment
Other Assets

421,304
95,385

518,268
155,434

845,779
105,785

11,815
56,836
3,870
325,919

20,618
98,664
13,359
362,834

12,961
85,741
4,903
739,994

35,782
283,208
1,233

33,452
327,144
24,671

32,119
665,022
42,853

Liabilities
Current Liabilities
of which
Claims payable
Payable to reinsurers
Non-current Liabilities

302,494
166,958

394,265
225,096

648,320
397,690

11,369
26,350
135,537

17,529
2,399
169,169

14,390
2,651
250,629

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

118,810
89,849

124,003
89,849

197,459
89,849

5,649
23,312

5,649
28,505

5,649
101,961

Revenue
Operating Expenses
Operating Profit (Loss)
Other Income (Expenses)
Profit (Loss) before Taxes
Profit (Loss) after Taxes

267,246
251,367
15,879
4,120
19,999
14,087

358,245
329,935
28,310
2,750
31,061
26,055

494,195
448,056
46,139
5,635
51,774
45,297

Revenue Breakdown
Premium Income
Investment Income (expenses)

334,198
15,376

438,182
21,971

603,426
32,516

Expense Breakdown
Reinsurance Premiums
Claims Paid
Others

17,104
150,644
27,494

84,495
214,462
14,720

163,263
303,899
(77)

Per Share Data (Rp)

Earnings (Loss) per Share
Equity per Share
Dividend per Share
Closing Price
Financial Ratios
PER (x)
PBV (x)
Dividend Payout (%)
Dividend Yield (%)
Operating Profit Margin (x)
Net Profit Margin (x)
Expense Ratio (x)
Loss Ratio (x)
Solvency Ratio (x)
ROI (%)
ROE (%)

51
430
n.a
190

94
449
n.a
300

164
715
n.a
520

3.72
0.44
n.a
n.a

3.18
0.67
n.a
n.a

3.17
0.73
n.a
n.a

0.06
0.05
0.75
0.45
0.37
3.34
11.86

0.08
0.07
0.75
0.49
0.35
5.03
21.01

0.09
0.09
0.74
0.50
0.45
5.36
22.94

PER = 4,17x ; PBV = 1,07x (June 2011)

Financial Year: December 31
Public Accountant: Hendrawinata Gani & Hidayat

(million rupiah)
2010

Shareholders
RBS Coutts Bank Ltd., Singapore
ABN AMRO Bank N.V. Singapore,
Branch S/A Account Clients
The Bank of New York as Custodian
or Trustee for Non Treaty Accounts
Public

696

16.70%
16.06%
10.48%
56.76%

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

2010

1,079,633
167,146
912,487
701,953
377,680
265,280
62,576

740,899
190,823
550,076

5.80
16.57

4.32
20.09

159,433
212,406
32,034

in June

Indonesian Capital Market Directory 2011

PT Asuransi Bina Dana Arta Tbk.

(Formerly PT Dharmala Insurance Tbk)

Insurance

Board of Commissioners
President Commissioner Tjan Soen Eng
Commissioners Candra Gunawan, Murniaty Kartono,
Sarkoro Handajani
No
1
2
3
4
5
6
7
8
9
10
11
12

Type of Listing
First Issue
Company Listing
Private Placement
Right Issue
Dividen Shares
Cooperative
Bonus Shares
Stock Split
Right Issue
Bonus Shares
Right Issue
Right Issue

Board of Directors
Directors Doddy Sjachroerodly, Freddy Wijaya,
Eka Listiani Kartono, Jeni Wirjadinata
Number of Employees 488

Listing Date

Trading Date

Number of Shares
per Listing

06-Jul-89
25-Aug-89
07-Aug-90
07-Aug-90
06-Oct-93
06-Oct-93
26-Feb-96
16-Dec-96
15-Jan-02
7-Aug-03
21-Dec-04
1-Apr-11

06-Jul-89
25-Aug-89
07-Aug-90
07-Aug-90
06-Oct-93
06-Oct-93
26-Feb-96
16-Dec-96
06-Feb-02
7-Aug-03
21-Dec-04
27-Apr-11

900,000
4,500,000
200,000
3,240,000
886,000
100,000
7,860,800
17,686,800
70,747,200
31,836,240
137,957,040
344,892,600

Total Listed
Shares
900,000
5,400,000
5,600,000
8,840,000
9,726,000
9,826,000
17,686,800
35,373,600
106,120,800
137,957,040
275,914,080
620,806,680

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

Stock Price and Traded Chart

Stock Price (Rp)

Thousand Shares
5,000

800

4,500

700

4,000
600
3,500
500

3,000

400

2,500
2,000

300

1,500
200
1,000
100

500

Jan-10 Feb-10Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11

Institute for Economic and Financial Research

697