Data & Statistics

NBFI Industry Assessment February 2024




The Non-Bank Financial Industry demonstrated resilience in February 2024, multi-finance companies’ net financing strengthened by 11.73% (yoy), with a manageable risk profile as indicated by Gross Non-Performing Financing (NPF) and Gearing Ratio recorded at 2.54% and 2.72 times, respectively, far below the 5% and 10 times thresholds.

As of February 2024, the total amount of accumulated insurance premiums reached IDR60.84 trillion, indicating that the performance of the insurance industry was improving. Risk-Based Capital (RBC) was recorded at an adequate level of 452.24% for life insurance and 339.94% for general insurance, well above the 120% threshold.

Meanwhile, the pension fund industry expanded, reaching an investment value of IDR359.52 trillion within the same period.

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