AHAP Asuransi Harta Aman Pratama Tbk.

COMPANY REPORT : FEBRUARY 2013

Development Board
Industry Sector : Finance (8)
Industry Sub Sector : Insurance (84)

As of 28 February 2013
:
Individual Index
:
Listed Shares
Market Capitalization :

337.357
500,000,000
92,500,000,000

419 | 0.09T | 0.002% | 99.95%

388 | 0.006T | 0.0006% | 99.991%

COMPANY HISTORY
Established Date : 28-May-1982
Listing Date
: 14-Sep-1990
Under Writer IPO :
PT Buanamas Investindo
PT Credit Lyonnais Capital Indonesia
PT Ficorinvest
PT Indovest Securities
PT Mutual International Finance Corporation
PT Danamon Sekuritas
Securities Administration Bureau :
PT Datindo Entrycom
Wisma Sudirman - Puri Datindo
Jln. Jend. Sudirman Kav. 34 - 35, Jakarta 10220
Phone : 570-9009
Fax
: 570-9026
BOARD OF COMMISSIONERS
1. Teddy Hailamsah
2. Bambang Heryanto *)
3. Budi S. Tanuwibowo *)
4. Pardjo
*) Independent Commissioners
BOARD OF DIRECTORS
1. Sunyata Wangsadarma
2. Eng Tjiang
3. Rinawati
4. Sutjianta
AUDIT COMMITTEE
1. Budi S. Tanuwibowo
2. Bolim Handaya,
3. Sri Hadiah Watie
CORPORATE SECRETARY
Sutjianta
HEAD OFFICE
Jln. Balikpapan Raya No. 9
Jakarta
Phone : (021) 634-8760, 384-5678
Fax
: (021) 63864480, 638-64545, 384-5352
Homepage
Email

: www.asuransi-harta.co.id
: sutjianta@gmail.com

SHAREHOLDERS (February 2013)

1. PT Asuransi Central Asia
2. Tan Kin Lian Dan Associates Pte Ltd
3. Tan Kah Ho
4. Public (<5%)
DIVIDEND ANNOUNCEMENT
Bonus
Cash
Year Shares Dividend Cum Date
85.00
18-Jul-91
1990
1991
135.00
16-Jul-92
1993
2 :1
30-Dec-92
1992
65.00
15-Jul-93
1993
75.00
14-Jul-94
1994
75.00
19-Jul-95
1995
168.00
17-Jul-96
1996
204.00
23-Jul-97
1997
30.00
20-Jul-98
1998
100.00
19-Jul-99
1999
75.00
06-Jul-00
2000
70.00
04-Jul-01
2001
150.00
09-Jul-02
2003
6:1
13-Jun-03
2002
150.00 13-Jun-03
2003
20.00 15-Jun-04
2003
6:7
15-Jun-04
2005
1.00
05-Jul-05
2005
3.00
11-Jul-06
2006
3.00
17-Jul-07
2009
7.00 22-Jun-10
2010
5.00 23-Jun-11
2011
6.30 26-Jun-12

306,792,512
34,192,072
27,325,631
131,689,785

Ex Date
19-Jul-91
17-Jul-92
04-Jan-93
16-Jul-93
15-Jul-94
20-Jul-95
18-Jul-96
24-Jul-97
21-Jul-98
20-Jul-99
07-Jul-00
05-Jul-01
10-Jul-02
16-Jun-03
16-Jun-03
16-Jun-04
16-Jun-04
06-Jul-05
12-Jul-06
18-Jul-07
23-Jun-10
24-Jun-11
27-Jun-12

Recording
Date
26-Jul-91
24-Jul-92
11-Jan-93
23-Jul-93
22-Jul-94
28-Jul-95
26-Jul-96
01-Aug-97
29-Jul-98
28-Jul-99
17-Jul-00
10-Jul-01
15-Jul-02
18-Jun-03
18-Jun-03
18-Jun-04
18-Jun-04
08-Jul-05
14-Jul-06
20-Jul-07
25-Jun-10
28-Jun-11
29-Jun-12

:
:
:
:

61.36%
6.84%
5.47%
26.34%

Payment
Date
09-Aug-91
21-Aug-92
08-Feb-93
23-Aug-93
22-Aug-94
28-Aug-95
23-Aug-96
01-Sep-97
28-Aug-98
26-Aug-99
20-Jul-00
24-Jul-01
29-Jul-02
01-Jul-03
02-Jul-03
29-Jun-04
29-Jun-04
22-Jul-05
28-Jul-06
03-Aug-07
09-Jul-10
13-Jul-11
13-Jul-12

F/I
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F
F

ISSUED HISTORY
No.
1.
2.
3.
4.
5.
6.
7.
8.
9.

Type of Listing
First Issue
Company Listing
Bonus Shares
Stock Split
Stock Split
Stock Dividend
Bonus Shares
Bonus Shares
Right Issue

Shares
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

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

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

AHAP Asuransi Harta Aman Pratama Tbk.

Closing
Price*

Closing Price
Volume
(Mill. Sh)

240

24.0

210

21.0

180

18.0

150

15.0

120

12.0

90

9.0

60

6.0

30

3.0

Jan-09

Jan-10

Jan-11

Jan-12

Jan-13

Closing Price*, Jakarta Composite Index (IHSG) and

Finance Index
January 2009 - February 2013

Month
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09

High
96
52
67
80
105
87
110
101
110
115
103
115

Low
50
50
67
60
66
64
78
76
87
80
82
79

Close
52
51
67
80
70
76
103
101
96
80
90
114

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

115
110
119
149
220
240
120
121
140
135
118
147

88
83
90
105
150
96
105
100
105
106
100
101

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

140
120
134
145
150
250
205
210
199
191
191
215

Jan-12
Feb-12
Mar-12
Apr-12
May-12
Jun-12
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13

Volume
Value
Freq.
(X) (Thou. Sh.) (Million Rp)

Day

TRADING ACTIVITIES

Closing Price* and Trading Volume

Asuransi Harta Aman Pratama Tbk.
January 2009 - February 2013

18
8
12
8
20
49
79
15
128
28
58
76

98
25
559
159
422
260
22,308
378
1,168
125
721
471

6
1.0
26
10
32
18
1,794
34
108
10
65
45

6
4
5
6
9
6
11
7
8
9
12
10

88
90
115
145
210
105
105
105
113
115
103
125

21
68
91
10
18
81
56
175
127
91
118
367

109
745
1,163
273
77
1,268
934
1,280
1,661
2,094
5,053
2,468

10
63
135
30
15
134
98
128
208
269
511
292

8
16
15
6
9
17
15
14
15
16
11
15

91
101
110
112
126
130
180
180
176
135
164
161

101
118
127
134
147
194
194
199
176
191
164
200

40
55
104
921
178
1,007
128
111
28
97
156
725

307
445
641
3,761
661
9,977
428
200
34
220
217
9,917

38
46
82
495
91
2,060
82
39
6
34
39
2,046

11
12
11
18
19
20
16
13
8
13
9
14

215
195
220
215
210
210
190
185
190
190
200
200

189
190
185
200
185
160
190
185
185
190
190
190

195
190
215
205
205
200
190
185
190
190
200
190

60
16
572
74
13
132
2
1
3
1
13
6

751
24,035
3,395
2,557
1,834
3,428
5
13
70
1
24
135

144
4,090
698
484
334
639
1.0
2
13
0.2
4
27

15
9
14
16
4
16
2
1
3
1
3
3

200
186

175
176

176
185

7
9

87
104

13
16

6
6

270%
254.8%
233.7%

225%
180%
135%

92.7%

90%
45%
-45%
-90%

Jan 09

Jan 10

Jan 11

Jan 12

Jan 13

SHARES TRADED

2009

2010

2011

Volume (Million Sh.)

Value (Billion Rp)
Frequency (Thou. X)
Days

27
2
0.5
93

17
2
1
157

27
5
4
164

2012 Feb-13
36
6
0.9
87

0.2
0.03
0.02
12

Price (Rupiah)
High
Low
Close
Close*

115
50
114
114

240
83
125
125

250
91
200
200

220
160
190
190

200
175
185
185

7.83
6.64
PER (X)
12.35
16.00
PER Industry (X)
1.08
1.07
PBV (X)
* Adjusted price after corporate action

6.97
6.61
1.42

9.27
6.58
1.27

9.03
8.73
1.23

AHAP Asuransi Harta Aman Pratama Tbk.

Financial Data and Ratios
Public Accountant : Doli, Bambang, Sudarmadji & Dadang (Member of BKR International)
BALANCE SHEET
(Million Rp except Par Value)
Total Investment

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

41,063

58,739

56,630

64,551

71,909

8,645

5,576

4,206

3,873

6,499

24,314

39,038

47,868

41,094

3,705

4,193

15,899

16,182

15,863

373

215

200

176

820

Fixed Assets

5,507

5,318

5,682

7,730

7,377

Other Assets

1,291

879

3,210

2,657

2,433

Total Assets

80,173

Premium Receivables
Reinsurance Receivables
Other Receivable

TOTAL ASSETS AND LIABILITIES (Bill. Rp)

Assets

18,181

Cash on hand and in Banks

Book End : December

Growth (%)

100,770

126,550

144,972

211,287

25.69%

25.58%

14.56%

45.74%

170
128
85
43
-

Claims payable

7,388

4,410

7,016

9,020

7,227

Reinsurance payables

6,211

2,890

2,980

5,630

5,277

Taxes payable

408

193

613

989

224

Total Liabilities

33,706

47,984

68,021

74,603

136,384

42.36%

41.76%

9.68%

82.81%

Growth (%)

Liabilities

213

2008

2009

2010

100,000

100,000

100,000

100,000

100,000

25,000

25,000

25,000

25,000

25,000

500

500

500

500

500

50

50

50

50

50

Retained Earnings

15,859

23,106

28,989

40,890

46,424

Total Equity

46,466

52,786

58,528

70,369

74,904

13.60%

10.88%

20.23%

6.44%

Paid up Capital
Paid up Capital (Shares)

Sep-12

TOTAL EQUITY (Billion Rupiah)

70

75

Authorized Capital

2011

75

59
53

60

46
44

Par Value

Growth (%)

29

14

-1

INCOME STATEMENTS
Underwriting Revenues

Dec-08
53,422

Growth (%)

Dec-09

Dec-10

Dec-11

Sep-12
96,968

79,147

116,621

146,378

48.16%

47.35%

25.52%

2008

2009

2010

2011

Sep-12

TOTAL REVENUES (Billion Rupiah)

Underwriting Expenses

38,821

61,598

92,384

112,121

70,558

Underwriting Income

14,601

17,550

24,238

34,257

26,410

2,431

4,372

3,803

3,805

2,830

14,579

16,000

19,618

24,108

21,404

2,452

5,921

8,423

13,954

7,836

141.45%

42.27%

65.65%

146
146

Income from Investments

Operating Expenses
Income from Operating

Growth (%)

117
117

97
79

87

53
57

Others Income

140

1,398

1,223

1,264

1,395

2,592

7,319

9,646

15,218

9,231

27

Income before Tax

Tax
Net Income

28

42

233

787

516

2,565

7,277

9,413

14,340

7,685

183.74%

29.35%

52.34%

Dec-08

Dec-09

Dec-10

Dec-11

Sep-12

7.00

5.00

6.30

Growth (%)

-3

2008

2009

2010

2011

Sep-12

NET INCOME (Billion Rupiah)

RATIOS
Dividend (Rp)

5.13

14.55

18.83

28.68

15.37

BV (Rp)

92.93

105.57

117.06

140.74

149.81

DAR (X)

0.42

0.48

0.54

0.51

0.65

EPS (Rp)

14
14

11

9.4

DER(X)

0.73

1.16

1.06

ROA (%)

3.23

ROE (%)

5.58

7.26

7.62

10.50

4.37

13.87

16.48

21.63

12.32

OPM (%)

4.59

7.48

7.22

9.53

8.08

NPM (%)

0.91

1.82

4.80

9.19

8.07

9.80

7.93

Payout Ratio (%)

48.09

26.56

21.97

Yield (%)

6.14

4.00

3.15

7.7

7.3

2.6
3

-0

2008

2009

2010

2011

Sep-12