PT AXA Mandiri Financial Services
🛡️ PT AXA Mandiri Financial Services is an Indonesian life insurer operating as a bancassurance-focused joint venture between PT Bank Mandiri Tbk. (51%) and AXA's side of the partnership (49%, held through National Mutual International Pty. Limited), under the supervision of the Otoritas Jasa Keuangan (OJK).[1] Established in 2003, the entity distributes life and long-term savings products through Bank Mandiri's branch network.[2] For the year ended 31 December 2024, it reported total income of Rp 12,458,602 million, premium income of Rp 11,840,434 million, net premium income of Rp 11,657,966 million, and profit after tax of Rp 1,302,294 million.[3] The disclosed risk-based capital solvency achievement ratio was 554%, with a reported solvency level of Rp 3,224,881 million.[3] In AXA Group Solvency II reporting, the entity is treated as a significant-influence participation consistent with AXA's 49% stake.[4]
PT AXA Mandiri Financial Services | |
|---|---|
| Corporate identity | |
| Type | Perseroan Terbatas (PT) |
| Regulated | Yes |
| License type | Life |
| Incorporation | 2003 |
| Country | Indonesia |
| Regulator | Otoritas Jasa Keuangan (OJK) |
| Ultimate parent | National Mutual International Pty. Limited (49%); PT Bank Mandiri Tbk. (51%) |
| Group status | Joint Venture / Associate |
| Business & markets | |
| Operating status | Active |
| Lines of business | Life insurance, long-term savings (bancassurance distribution) |
| Geographic markets | Indonesia |
| Key financials (2024) | |
| Currency | IDR |
| Revenue | Rp 12,458,602 million |
| Net income | Rp 1,302,294 million |
| Gross written premium | Rp 11,840,434 million |
| Solvency ratio | 554% (RBC) |
References
- ↑ "AXA Mandiri Financial Services — Bank Mandiri". Bank Mandiri. Retrieved 13 March 2026.
- ↑ "AXA Mandiri Financial Services — AXA Entities". AXA. Retrieved 13 March 2026.
- ↑ 3.0 3.1 "Laporan Keuangan AXA Mandiri Konvensional 2024–2023" (PDF). AXA Mandiri. Retrieved 13 March 2026.
- ↑ "AXA Group — SFCR QRTs 2024" (PDF). AXA. 2024. Retrieved 13 March 2026.