This edition of Milliman’s Indonesia Life Insurance Newsletter reviews market performance for the first quarter 2025 and key industry developments from the second quarter. We discuss new digital features and new products in traditional and unit-linked markets.

Findings include:

• Net premium income fell in the first quarter by IDR 0.98 trillion to about IDR 35.77 trillion, compared with the same period a year earlier.
• Total income declined IDR 2.7 trillion to IDR 48.29 trillion
• Total expenses fell nearly IDR 7.76 trillion to around IDR 42.53 trillion
• Net profit increased by IDR 3.04 trillion to about IDR 5.34 trillion
• Total assets decreased IDR 5.99 trillion to IDR 584.93 trillion
• Technical reserves declined to IDR 405.80 trillion, down from IDR 412.13 trillion