Asuransi Bintang Tbk ASBI

Company Report : July 2007 As of 31 July 2007

Development Board Individual Index : 121.120
Industry Sector : Finance (8) Listed Shares : 174,193,236
Industry Sub-Sector : Insurance (84) Market Capitalization : 55,741,835,520

Company History Dividend Announcement

Established Date : 17-March-1955 Bonus Cash Cum Ex Recording Payment
F/I
Listing Date : 29-November-1989 Year Shares Dividend Date Date Date Date
Under Writer IPO : 1989 75.00 28-Jun-90 29-Jun-90 06-Jul-90 18-Jul-90 F
PT Aseam Indonesia 1991 100.00 16-Jul-92 17-Jul-92 24-Jul-92 03-Aug-92 F
PT Finconesia 1992 100.00 22-Jul-93 23-Jul-93 30-Jul-93 19-Aug-93 F
PT Ficorinvest 1993 60.00 21-Jul-94 22-Jul-94 29-Jul-94 22-Aug-94 F
PT Merchant Investment Corporation 1994 180.00 21-Jul-95 24-Jul-95 01-Aug-95 01-Sep-95 F
PT PDFCI Securities 1995 275.00 25-Jul-96 26-Jul-96 05-Aug-96 02-Sep-96 F
Securities Administration Bureau : 1996 300.00 23-Jul-97 24-Jul-97 01-Aug-97 23-Aug-97 F
PT Blue Chip Mulia 1997 2:6 18-Sep-97 19-Sep-97 29-Sep-97 13-Oct-97
Bina Mulia Building I, 4th Fl. 1997 75.00 23-Jul-98 24-Jul-98 03-Aug-98 27-Aug-98 F
Jl. HR. Rasuna Said Kav. 10, Jakarta 12950 1998 75.00 22-Jun-99 23-Jun-99 01-Jul-99 30-Jul-99 F
Phone : 520-1928, 1983, 1993, 1989 1999 210.00 04-Jul-00 05-Jul-00 13-Jul-00 18-Jul-00 F
Fax : 520-1924 2000 2:5 17-Oct-00 18-Oct-00 23-Oct-00 01-Nov-00
2000 70.00 28-May-01 29-May-01 01-Jun-01 18-Jun-01 F
Shareholders (July 2007) 2001 45.00 01-Jul-02 02-Jul-02 05-Jul-02 19-Jul-02 F
1. PT Srihana Utama 60,014,639 34.45% 2002 45.00 03-Jul-03 04-Jul-03 08-Jul-03 22-Jul-03 F
2. Warisan Kasih Bunda 36,661,944 21.05% 2003 30.00 30-Jun-04 01-Jul-04 06-Jul-04 20-Jul-04 F
3. Ngrumat Bondo Utomo 34,893,620 20.03% 2004 20.00 04-Jul-05 05-Jul-05 07-Jul-05 21-Jul-05 F
4. Dana Harta Keluarga 10,271,204 5.90% 2005 20.00 04-Jul-06 05-Jul-06 07-Jul-06 21-Jul-06 F
2006 *) 05-Sep-06 06-Sep-06 08-Sep-06 22-Sep-06
Board of Commissioners *) 500 : 359,72048
1. Soedarpo Sastrosatomo
2. Amir Abadi Jusuf Issued History
3. Angger P. Yuwono *) Listing Trading
4. B. Moenir Syamsoeddin Type of Listing Shares Date Date
5. Indraningsih Wibowo *) 1. First Issue 1,000,000 29-Nov-89 29-Nov-89
*) Independent Commissioners 2. Company Listing 3,600,000 13-Apr-94 13-Apr-94
3. Stock Split 4,600,000 13-Oct-97 13-Oct-97
Board of Directors 4. Bonus Shares 13,800,000 14-Oct-97 14-Oct-97
1. Muhaimin Iqbal 5. Bonus Shares 57,499,994 01-Nov-00 01-Nov-00
2. Andrus Roestam Moenaf 6. Stock Dividend 61,075,668 22-Sep-06 22-Sep-06
3. Djunaidi Mahari 7. Right Issue 32,617,574 27-Dec-06 27-Dec-06
4. Hotben Nainggolan

Audit Committee
1. Angger P. Yuwono
2. Muljawati
3. Wirawan B. Ilyas

Corporate Secretary
Djunaidi Mahari

Head Office:
Jl. RS Fatmawati No. 32
Jakarta Selatan - 12430
Phone : (021) 7590-2777, 769-0000
Fax : (021) 7590-2555, 765-6287, 769-8558, 7591-0000

Homepage : http://www.asuransibintang.com/
Email : bintang@asuransibintang.com

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Asuransi Bintang Tbk ASBI
Trading Activities
Composite Composite Index and Finance Index Sectoral
January 2000 - July 2007 Stock Price Volume Value
Index Index
Month High Low Close Freq. (Thou.) (Rp Mill.) Day
2,700 300
Jan03 300 280 285 28 381 112 22
2,250
Composite Stock Price Index
250 Feb03 325 285 290 19 166 48 19
Finance Index Mar03 295 275 285 40 302 86 20
1,800 200 Apr03 380 300 370 312 2,840 994 20
May03 370 315 350 163 1,867 657 19
1,350 150 Jun03 390 355 370 260 4,027 1,495 21
Jul03 390 320 325 116 1,119 392 23
900 100 Aug03 350 320 335 47 673 227 20
Sep03 400 330 355 180 2,163 785 21
450 50
Oct03 410 355 400 166 1,753 676 23
Nov03 410 365 370 47 509 197 15
- -
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Dec03 390 360 370 37 341 127 19
Jan00 - - - - - - -
Jan04 405 365 400 236 2,874 1,106 20
Feb04 400 365 365 67 838 320 18
Closing Closing Price and Trading Volume Volume
Mar04 400 360 380 43 610 231 22
Price*) January 2000 - July 2007 (Mill. Shares)
Apr04 395 365 365 40 508 192 20
720 4.8
May04 395 325 325 33 549 193 19
600 4.0
Jun04 375 330 375 8 71 25 21
Jul04 395 350 395 53 729 280 21
480 3.2 Aug04 395 360 370 96 1,477 562 21
Sep04 395 340 395 689 15,387 5,652 20
360 2.4 Oct04 435 380 380 105 1,813 746 21
Nov04 385 365 380 43 1,042 392 17
240 1.6 Dec04 475 375 475 100 2,026 840 21
Jan00 - - - - - - -
120 0.8
Jan05 430 385 385 11 226 88 20
Feb05 400 370 380 5 56 21 18
- -
Mar05 450 385 435 41 952 422 21
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Apr05 480 435 470 47 898 404 20
May05 660 480 650 64 828 471 20
Jun05 690 640 690 26 773 489 22
Closing Closing Price and Finance Index Sectoral
Jul05 - - 690 - - - 21
Price*) January 2000 - July 2007 Index
Aug05 590 440 490 22 26 13 22
720 300
Sep05 450 400 400 7 85 35 21
600
Closing Price
250
Oct05 450 330 370 22 182 63 21
Finance Index Nov05 400 400 400 1 3 1 17
480 200 Dec05 470 390 470 9 77 32 20
Jan00 - - - - - - -
360 150 Jan06 390 390 390 2 25 10 20
Feb06 315 315 315 1 9 3 20
240 100 Mar06 400 350 400 11 64 24 21
Apr06 500 500 500 7 275 138 18
120 50 May06 530 510 530 14 1,076 554 21
Jun06 600 500 580 11 116 60 22
- -
Jul06 600 500 500 7 65 39 21
Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07
Aug06 - - 500 - - - 20
Sep06 400 310 400 3 46 18 21
Shares Traded 2003 2004 2005 2006 Jul 07 Oct06 520 325 500 31 448 167 17
Volume (Thou.) 16,140 27,920 4,103 2,484 215 Nov06 650 450 600 29 349 171 22
Value (Million) 5,796 10,540 2,039 1,190 71 Dec06 500 500 500 3 12 6 19
Frequency (X) 1,415 1,513 255 119 42 Jan00 - - - - - - -
Days 183 138 73 41 18 Jan07 500 500 500 1 2 1 22
Feb07 - - 500 1 0 0 20
Price (Rupiah) Mar07 380 320 320 24 154 51 21
High 410 475 690 650 500 Apr07 365 330 330 8 41 14 20
Low 275 325 330 310 320 May07 435 335 435 4 6 2 21
Close 370 475 470 500 320 Jun07 - - 435 - - - 20
Close * 215 276 273 500 320 Jul07 330 320 320 4 12 4 22
Aug07 - - - - - - -
PER (X) 5.04 19.78 11.80 67.60 34.68 Sep07 - - - - - - -
PER Industry (X) 12.25 12.94 19.12 18.29 18.54 Oct07 - - - - - - -
PBV (X) 0.37 0.49 0.51 1.01 0.63 Nov07 - - - - - - -
Dec07 - - - - - - -
*) Adjusted price after corporate action

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Asuransi Bintang Tbk ASBI
Financial Data and Ratios
Public Accountant : Osman Ramli Satrio & Co. - Deloitte Touche Tohmatsu Book End : December

BALANCE SHEET Dec-02 Dec-03 Dec-04 Dec-05 Dec-06 Jun-07

Assets and Liabilities
(Million Rp except Par Value) (Trillion Rp)
Total Investment 83,578 97,190 80,570 83,191 89,804 93,771 0.25
Cash on hand and in Banks 3,261 3,264 2,325 2,404 3,625 3,854 Assets Liabilities

Premium Receivables 37,538 22,625 24,754 29,618 32,921 35,171 0.20

Reinsurance Receivables 18,213 13,988 11,727 15,353 11,207 19,294

Other Receivable 3,500 3,526 2,369 956 1,204 2,458 0.15

Fixed Assets 35,011 36,703 34,660 32,462 30,702 31,326

0.10
Other Assets 1,409 2,596 3,949 5,205 6,396 5,928
Total Assets 194,950 191,663 165,895 174,682 182,528 200,953
0.05
Growth (%) -1.69% -13.44% 5.30% 4.49% 10.09%
-
Claims payable 12,560 4,535 8,017 5,814 8,149 11,274 2002 2003 2004 2005 2006 Jun-07
Reinsurance payables 22,567 12,556 13,787 18,116 12,590 19,652
Taxes payable 1,328 1,056 1,506 1,280 1,176 180
Total Liabilities 118,540 110,116 88,141 100,187 95,842 112,369 Total Equity
(Trillion Rp)
Growth (%) -7.11% -19.96% 13.67% -4.34% 17.24%
0.087 0.089
0.09
0.080 0.078
0.076
Authorized Capital 160,000 160,000 160,000 160,000 160,000 160,000 0.074

Paid up Capital 40,250 40,250 40,250 40,250 87,097 87,097 0.07

Paid up Capital (Shares) 80 80 80 80 174 174

0.05

Par Value 500 500 500 500 500 500

Retained Earnings 38,789 40,717 38,615 40,043 5,485 5,377 0.04

Total Equity 76,410 79,547 77,729 74,470 86,661 88,559

Growth (%) 4.10% -2.28% -4.19% 16.37% 2.19% 0.02

2002 2003 2004 2005 2006 Jun-07

INCOME STATEMENTS (Million Rp)
Underwriting Revenues 128,006 119,305 85,346 90,651 101,946 50,519
Growth (%) -6.80% -28.46% 6.22% 12.46% Total Revenues
(Trillion Rp)
Underwriting Expenses 92,193 95,705 59,789 61,707 71,098 43,977 0.128
0.119
Underwriting Income 35,813 23,600 25,557 28,944 30,849 6,542
0.13

Income from Investments 2,064 8,771 8,107 5,148 5,236 6,151 0.10
0.102
0.091
Operating Expenses 28,974 28,520 34,629 35,450 36,812 15,325 0.085

Income from Operating 8,904 3,851 -965 -1,358 -727 -2,632 0.08

Growth (%) -56.75% N/A -40.69% 46.44% 0.051

0.05

Others Income 996 1,981 4,244 3,579 157 1,115

9,899 5,832 3,279 2,221 -571 -1,517
0.03

Income before Tax

Tax -1,473 -83 1,345 -985 -1,859 -2,320 -

Net Income 11,372 5,915 1,933 3,206 1,288 804 2002 2003 2004 2005 2006 Jun-07
Growth (%) -47.99% -67.32% 65.84% -59.81%

Total Income
(Billion Rp)
RATIOS
11.4
Dividend (Rp) 45.00 30.00 20.00 20.00 - - 11.37

EPS (Rp) 141.27 73.48 24.02 39.83 7.40 4.61

BV (Rp) 949.20 988.16 965.58 925.09 497.50 508.39 9.10

DAR (X) 0.61 0.57 0.53 0.57 0.53 0.56 6.82

5.9
DER(X) 1.55 1.38 1.13 1.35 1.11 1.27
ROA (%) 5.08 3.04 1.98 1.27 (0.31) (0.75) 4.55

3.2
ROE (%) 12.96 7.33 4.22 2.98 (0.66) (1.71) 1.9
2.27
1.3
OPM (%) 6.96 3.23 (1.13) (1.50) (0.71) (5.21) 0.8

NPM (%) 8.88 4.96 2.27 3.54 1.26 1.59 -

Payout Ratio (%) 31.85 40.83 83.28 50.22 - - 2002 2003 2004 2005 2006 Jun-07

Yield (%) 15.00 8.11 4.21 4.26 - -

Disclaimer:
The facts and opinions stated or expressed in this publication are for information purposes only and are not necessarily and must not be relied upon as being those of the publisher or of the
institutions for which the contributing authors work. Although every care has been taken to ensure the accuracy of the information contained within the publication it should not be by any person
relied upon as the basis for taking any action or making any decision. The Jakarta Stock Exchange cannot be held liable or otherwise responsible in anyway for any advice action taken or
decision made on the basis of the facts and opinions stated or expressed or stated within this publication.
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