1. Indonesia Stocks

  2. •

    Finance

  3. •

    Property/Casualty insurance
PT Maskapai Reasuransi Indonesia Tbk

PT Maskapai Reasuransi Indonesia Tbk

IIDX:MREI
920.00
IDR
-40.00
(-4.17%)
177.87EPS
5.20P/E
478.96BMarket Cap
PT Maskapai Reasuransi Indonesia Tbk
IDX:MREI
(Indonesia Stock Exchange)

Recent

price

920.00

P/E

ratio

5.20

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
IDR
798.03
984.6
1,186.85
1,294.87
1,502.87
1,729.13
2,091.65
2,570.4
3,222.58
2,935.3
3,537.01
3,852.6
3,694.14
3,625.13
3,944.46
4,424.68
4,777.05
Revenue per Share
77.28
112.02
150.99
235.45
253.86
282.42
329.96
355.11
381.63
272.05
346.24
203.14
-562.08
72.59
118.5
98.13
177.87
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
11.52
16.84
23.38
28.08
35.55
37.42
37.48
44.03
50.42
54.64
49.74
49.67
49.63
- -
13.45
13.45
- -
Dividend per Share
346.97
443.75
573.56
783.86
989.45
1,225.61
1,518.7
1,817.4
2,620.62
2,724.02
3,080.56
3,390.94
2,670.99
2,697.93
2,794.5
2,806.54
3,159.73
Book Value per Share
346.97
443.75
573.56
783.86
989.45
1,224.12
1,517.28
1,814.52
2,618.81
2,723.18
3,078.67
3,389.56
2,670.24
2,695.27
2,791.13
2,803.49
3,158.16
Tangible Book Value per Share
411
411
411
411
411
411
411
411
422
518
518
518
518
518
518
518
518
Basic Weighted Avg Shares
327,719
404,338
487,395
531,753
617,171
710,087
858,962
1,055,567
1,360,152
1,519,872
1,831,434
1,994,843
1,912,794
1,877,060
2,042,410
2,291,065
2,473,517
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
1,716
2,061
2,123
2,453
2,704
2,802
2,846
2,887
4,199
5,864
6,981
6,845
6,423
5,611
5,728
6,268
6,346
Depreciation Expense
31,736
46,003
62,006
96,692
104,250
115,978
135,501
145,830
161,076
140,867
179,282
105,183
-291,040
37,588
61,357
50,811
92,099
Net Income, GAAP
18.83
15.02
17.51
12.73
15.48
17.05
17.12
8.71
12.95
12.7
7.24
6.71
- -
13.31
12.5
- -
- -
Effective Tax Rate (%)
9.68
11.38
12.72
18.18
16.89
16.33
15.77
13.82
11.84
9.27
9.79
5.27
-15.22
2
3
2.22
3.72
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
142,486
182,230
235,540
321,901
406,329
503,312
623,673
746,339
1,356,934
1,410,477
1,595,086
1,755,800
1,383,017
1,396,966
1,446,969
1,453,202
1,636,083
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
28.33
29.68
34.69
28.63
25.5
24.05
21.29
15.32
10.18
11.93
6.28
- -
2.7
4.31
- -
- -
Return on Capital (%)
- -
28.33
29.68
34.69
28.63
25.5
24.05
21.29
15.32
10.18
11.93
6.28
-18.54
2.7
4.31
3.5
5.81
Return on Common Equity (%)

Capital Structure

IDR

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
518
518
518
Market Capitalization
390,933
411,644
478,957

Working Capital

IDR

•

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,283,817
2,395,378
2,520,786
Accounts Receivable, Net
1,179,153
1,122,794
1,216,372
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.63%
-1.23%
0.43%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-43.53%
-96.98%
-17.19%
Sales/Revenue/Turnover
12.89%
4.78%
12.17%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
441,523
500,238
484,111
616,537
2,042,410
2024
513,485
627,012
646,946
503,622
2,291,065
2025
582,438
657,366
730,091
- -
- -

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
54.95
26.88
-6.75
43.42
118.5
2024
67.35
77.92
-10.79
-36.35
98.13
2025
98.15
36.26
79.81
- -
- -

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.01
13.45
- -
- -
13.45
2024
- -
- -
- -
- -
13.45
2025
- -
- -
- -
- -
- -
Similar Companies
Berkshire Hathaway Inc. New (NYSE:BRK.B)
Tokio Marine Holdings, Inc. (TSE:8766)
The Travelers Companies, Inc. (NYSE:TRV)
Chubb Limited (NYSE:CB)
Berkshire Hathaway Inc. (NYSE:BRK.A)
Anadolu Anonim Turk Sigorta Sirketi A.S. (BIST:ANSGR)
Business
PT Maskapai Reasuransi Indonesia Tbk, operating as Marein, is a prominent player in Indonesia's reinsurance market. This company stands as the nation's original reinsurance provider, founded in 1953, and holds the distinction of being the first reinsurance entity to list its shares on the Indonesia Stock Exchange in 1989. Marein delivers a diverse range of general reinsurance products, which include safeguarding property, motor vehicles, marine hull and cargo, aviation, health, various liabilities, personal accident protection, suretyship, engineering projects, as well as specialized coverage for the energy, oil, and gas sectors, alongside Sharia-compliant general reinsurance offerings. Furthermore, it supplies comprehensive life reinsurance options such as term life, personal accident, financing life, credit life, critical illness, health, Hajj-related coverage, and catastrophe reinsurance, complete with its Sharia life reinsurance segment. The company exhibited solid financial performance in 2024, marked by growth in gross premiums and underwriting revenue, while sustaining healthy solvency levels and credit ratings. A notable strategic initiative involves the approved plan for the separation of its Sharia business unit. The company maintains its headquarters in South Jakarta, Indonesia.