PT BNI Life Insurance (BNI Life) recorded investment returns as of July 2024 amounting to Rp 723.61 billion. This investment result has reached 85% of the target set throughout 2024.

Acting President Director of BNI Life Neny Asriany said that BNI Life's investment growth as of July 2024 grew 118% on an annual basis, for the non-unitlink portfolio. Meanwhile, the PAYDI portfolio also increased by around 232% on an annual basis.

“BNI Life's investment return as of July 2024 amounted to Rp 723.61 billion, while as of June 2024, BNI Life's investment return fell 36% from Rp 841.99 billion in the same period the previous year,” Neny told Kontan.co.id, Monday (26/8).

He explained, the increase in investment returns was in line with BNI Life's strategy to always optimize investment returns.

In addition, BNI Life is also active in trading and realized gains, and tries to pay attention to every momentum that occurs in the market.

“So I see, the investment results of life insurance companies in general recorded a mixed increase in July 2024, after we had previously experienced a decline,” he said.

For your information, previously, the Financial Services Authority (OJK) reported a significant decline in life insurance investment returns as of June 2024. Where, life insurance investment returns fell by 29.99% as of the end of June 2024 compared to last year to Rp 11.46 trillion.

Neny added that BNI Life sees a positive opportunity for fixed income investment instruments in semester II-2024 due to the possibility of interest rate cuts. For this reason, BNI Life will rely on these instruments.

“We also continue to optimize stock instruments because we see quite a lot of stocks that are still under price so it is worth maintaining,” she added.

Neny said that the portion of investment in fixed income instruments is around 90% of assets consisting of bonds and income mutual funds.

However, she said that the main factor affecting the company's investment results is market volatility, both in the bond and stock markets.

Furthermore, Neny targets investment returns to reach Rp 1.09 trillion throughout 2024. She expressed confidence that the target could be achieved by the end of this year.