Bank Jago and MSIG Life report strong financial growth in 2026

PT Bank Jago Tbk reported a significant increase in net profit, reaching Rp298 billion through September 2026, a 50 percent rise compared to the same period in the previous year. This growth was driven by a 28 percent increase in interest income and a 19 percent rise in credit distribution, which reached Rp27.9 trillion. The bank's total assets grew by 22 percent to Rp42.1 trillion, while third-party funds (DPK) increased by 21 percent to Rp28.9 trillion. Bank Jago maintained a gross non-performing loan (NPL) ratio of 0.9 percent and serves 19 million customers.

Separately, PT MSIG Life Insurance Indonesia Tbk recorded a 69 percent year-on-year increase in net profit to Rp181 billion during the first half of 2026. The company's annualized premium equivalent (APE) grew by 7 percent in the first semester of 2026, outperforming the broader insurance industry. MSIG Life also reported a Contractual Service Margin (CSM) of Rp913 billion, reflecting future profits from existing insurance contracts. The company's solvency ratio (RBC) stands at 1,381.6 percent, significantly above the regulatory minimum.