About PT Lippo General Insurance
PT Lippo General Insurance is a company based in Tangerang (Indonesia) founded in 1963 was acquired by Hanwha Life in March 2023. It operates as a B2C, and B2B. PT Lippo General Insurance offers products and services including Asuransi Kesehatan, Asuransi Umum, and MyGo+. PT Lippo General Insurance operates in a competitive market with competitors including Blue KC, Prudential, Beazley, Tugu Insurance and Reliance Capital Management, among others.
- Headquarter Tangerang, Indonesia
- Stage Public
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Pt Lippo General Insurance Tbk
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Annual Revenue
$175.46 M (USD)-6.31as on Dec 31, 2024
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Net Profit
$3.86 M (USD)150.25as on Dec 31, 2024
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Hanwha Life
(Mar 30, 2023)
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IPO & Listings of PT Lippo General Insurance
PT Lippo General Insurance is a publicly listed company on the IDX with ticker symbol LPGI in Indonesia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of PT Lippo General Insurance
PT Lippo General Insurance offers a comprehensive portfolio of products and services, including Asuransi Kesehatan, Asuransi Umum, and MyGo+. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides financial protection for health expenses and stability.
Offers coverage for assets, vehicles, and travel risks.
Enables safer driving and streamlined insurance claims.
Funding Insights of PT Lippo General Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PT Lippo General Insurance
PT Lippo General Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hanwha Life. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Life insurance policies are offered to customers in South Korea.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PT Lippo General Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PT Lippo General Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pt Lippo General Insurance Comparisons
Competitors of PT Lippo General Insurance
PT Lippo General Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue KC, Prudential, Beazley, Tugu Insurance and Reliance Capital Management, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Financial services for pensions and investments are provided by Prudential.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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Corporate, retail & sharia insurance carrier
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Diversified insurance services are managed by the firm.
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Functions as an insurance carrier providing coverage for various needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pt Lippo General Insurance
Frequently Asked Questions about PT Lippo General Insurance
When was PT Lippo General Insurance founded?
PT Lippo General Insurance was founded in 1963.
Where is PT Lippo General Insurance located?
PT Lippo General Insurance is headquartered in Tangerang, Indonesia. It is registered at Tangerang, Banten, Indonesia.
What is the annual revenue of PT Lippo General Insurance?
Annual revenue of PT Lippo General Insurance is $175.46M as on Dec 31, 2024.
What does PT Lippo General Insurance do?
PT Lippo General Insurance Tbk, operating as LGI, is an Indonesian company specializing in insurance services, including health coverage for financial stability and general protection for assets, vehicles, and travel. They utilize a telematics-based app for easier claims and customer support, serving both consumers and businesses with tailored products. Based in Jakarta and Tangerang, LGI focuses on reliable protection through simple processes and partnerships.
Who are the top competitors of PT Lippo General Insurance?
PT Lippo General Insurance's top competitors include Beazley, Prudential and Tugu Insurance.
What products or services does PT Lippo General Insurance offer?
PT Lippo General Insurance offers Asuransi Kesehatan, Asuransi Umum, and MyGo+.
Is PT Lippo General Insurance publicly traded?
Yes, PT Lippo General Insurance is publicly traded on IDX under the ticker symbol LPGI.
Who are PT Lippo General Insurance's investors?
PT Lippo General Insurance has 1 investor. Key investors include Hanwha Life.
What is PT Lippo General Insurance's ticker symbol?
The ticker symbol of PT Lippo General Insurance is LPGI on IDX.