- Business
- PT Asuransi Maximus Graha Persada Tbk (ASMI.JK) operates as a general insurance and reinsurance provider in Indonesia, offering a comprehensive range of products including motor vehicle insurance; fire insurance; health insurance; marine cargo insurance; money insurance; engineering insurance; sharia insurance products; and miscellaneous lines such as burglary, earthquake, personal accident, movable property all risk, workmen's compensation, comprehensive general, product liability, public liability, professional indemnity, employers' liability, and surety bonds. The company serves diverse customer segments across personal, commercial, and corporate markets, with operations spanning Sumatra, Java, Bali, Sulawesi, and Kalimantan through its head office at Gedung Graha Kirana in Jakarta Utara and 18 branch offices. Founded in 1956 as PT Maskapai Insurance Patriot, it underwent key transformations including acquisition by Kalbe Group in 1991, listing on the Indonesia Stock Exchange in 2014 under the ASMI ticker, merger with Kresna Group in 2016, and rebranding to its current name in 2020 following an Extraordinary General Meeting of Shareholders. Recent developments include the announcement of a general meeting of shareholders on April 17, 2025; the Crystalin Run 2025 corporate event; an Annual General Meeting and Extraordinary General Meeting on May 27, 2025; a plan for separation of its sharia business unit announced on May 6, 2025; and a share buyback program with information disclosure on the same date.