PT BNI Life Insurance, one of the trusted insurance companies in Indonesia, recorded investment results of IDR 753 billion until August 2023.

BNI Life's investment results increased by 37% year-on-year (YoY) compared to the same period in 2022, which was IDR 548 billion.

According to the financial reports released by BNI Life, the total investments until August 2023 reached IDR 22.14 trillion, showing an 8.57% YoY increase compared to August 2022, which was IDR 20.4 trillion.

Acting CEO of BNI Life, Eben Eser Nainggolan, mentioned that the majority of BNI Life's investment assets are bonds, with the largest contribution coming from bond coupons.

"In addition, there is no denying the market impact from the decline in bond yields in the first half of the year," said Eben as reported by Kontan on Friday (6/10).

Eben stated that BNI Life aims for investment results of IDR 1 trillion by the end of 2023. He is optimistic that BNI Life can achieve this target, even though bond yields tend to rise in the fourth quarter.

However, BNI Life has actively rebalanced its portfolio and, since the beginning of the year, has stabilized its portfolio.