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About Insurer

Insurer is an investor based in Indonesia.

Insurer Headquarter Location

Indonesia

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Latest Insurer News

India Said to Seek $203 Billion Value for Insurer in Biggest IPO

Jan 12, 2022

India Said to Seek $203 Billion Value for Insurer in Biggest IPO 1:09 PM IST, 12 Jan 2022 12:38 PM IST, 12 Jan 2022 1:09 PM IST, 12 Jan 2022 Save (Bloomberg) -- India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firm’s estimated worth. (Bloomberg) -- India is pushing for a valuation of about 15 trillion rupees ($203 billion) for a state-owned insurer that’s soon expected to file for the nation’s biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firm’s estimated worth. The so-called embedded value of Life Insurance Corp. of India is likely to be more than 4 trillion rupees, and its market value could be about four times that amount, the people said, asking not to be identified as the discussions are private. Once the final report is in, the valuation the government is seeking could change. Embedded value, a key metric for insurers, combines the current value of future profits with the net value of assets. The gauge will be part of LIC’s IPO prospectus that’s likely to be filed in the week starting Jan. 31. Typically, the market value of insurers is between three and five times the embedded value. If investors agree with those calculations proposed by the government, LIC would join the league of India’s biggest companies -- Reliance Industries Ltd. and Tata Consultancy Services Ltd. -- which have a market capitalization of 17 trillion rupees and 14.3 trillion rupees, respectively. A finance ministry spokesman didn’t answer calls to his mobile phone seeking comment, while LIC declined to comment. Related Stories

Insurer Investments

1 Investments

Insurer has made 1 investments. Their latest investment was in SiCepat as part of their Series B - III on March 3, 2021.

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Insurer Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/5/2021

Series B - III

SiCepat

$120M

Yes

4

Date

3/5/2021

Round

Series B - III

Company

SiCepat

Amount

$120M

New?

Yes

Co-Investors

Sources

4

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