JAKARTA (Yosefardi) – State life insurance company PT Asuransi Jiwasraya mulls to offer shares to strategic investor as it needs fresh capital to support its business expansion.
The insurer also has option to launch the initial public offering (IPO).
Jiwasraya booked net profit of Rp151 billion in the first nine months to September of 2014, jumped 387% from the same period of 2013.
The company targets to book net profit of Rp450 billion in 2014. Jiwasraya booked premium income of Rp4 trillion in first nine months of this year from previous Rp3.2 trillion.
While claims reached Rp3.1 trillion, compared to earlier Rp2.9 trillion. Jiwasraya targets to book premium income of Rp8 trillion for this year.