Jakarta: AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of 'a-' (Excellent) for PT Asuransi Tugu Pratama Indonesia Tbk (TUGU). Concurrently, AM Best has affirmed the Indonesia National Scale Rating (NSR) of aaa.ID (Exceptional) for TUGU with a stable outlook.

According to BERNAMA News Agency, the ratings reflect TUGU's balance sheet strength, assessed by AM Best as very strong, and its strong operating performance. The ratings also consider TUGU's neutral business profile and appropriate enterprise risk management. Additionally, the ratings factor in the neutral impact from TUGU's majority parent, PT Pertamina (Persero), a state-owned energy company in Indonesia.