PT Paninvest Tbk and PT Panin Financial Tbk acquired 18.1% stake in P.T. Asuransi Multi Artha Guna Tbk from the public shareholders for approximately IDR 370 billion.

PT Asuransi Multi Artha Guna Tbk is an Indonesia-based insurance company. The company is engaged in general insurance covering non-life insurance, either conventional or with the sharia principal. Its segments are based on class of insurance business, such as motor vehicles, health and personal accident, fire, marine cargo, and others. It provides a variety of appropriate and value-added product solutions for insurers from various walks of life. Its insurance products include fire, earthquake, property, engineering, motor vehicle, heavy equipment, cargo, burglary, money, personal accident, healthcare, and travel insurance. Its other specialty products include cash-in-ATM insurance, comprehensive machinery insurance, cash-in-management insurance, garage keeper liability insurance, fidelity guarantee insurance, moveable all risks insurance, hole in one insurance, neon sign insurance, magna micro business insurance, market consortium insurance, public liability insurance, and others.