Oona Indonesia profit rises 20.65% as motor insurance business grows
Gross written premiums rose 49.7% year on year to Rp1.1 trillion, while the insurer reported a larger share of the motor insurance market.
Oona Insurance Indonesia reported net profit growth of 20.65% in the third quarter of 2026, supported by higher premiums. Its financial statements showed profit attributable to the parent of Rp134.36 billion, compared with Rp111.36 billion a year earlier.
The general insurer, listed as PT. Asuransi Bina Dana Arta Tbk. (ABDA), recorded gross written premiums of Rp1.1 trillion, an increase of 49.7% year on year.
At a Jakarta press conference on 4 November 2026, president director and CEO Vincent C. Soegianto said Oona’s motor insurance market share had reached 3.8%, up from 3.2%, with gross written premiums increasing by Rp72.3 billion. Vehicle insurance accounts for more than 50% of its product portfolio, with electric vehicle coverage becoming a key driver.
Vincent put Oona’s share of the electric vehicle insurance market at about 8%. To handle rising volumes, the company said it was strengthening its digital claims infrastructure and simplifying operations, including claims processing, while maintaining strict risk controls.
Looking towards 2027, Vincent said the company’s focus was on making insurance accessible across financial institution partners, agents and direct digital platforms. Oona reported assets of Rp2.95 trillion, equity of Rp1.85 trillion and liabilities of Rp1.09 trillion.
