According to the Indonesia Insurance Statistics published by the Financial Services Authority, the Indonesian life insurance industry moved from making a profit at Q1 2019 to making a loss at Q1 2020. Between Q1 2019 and Q1 2020, the Net Profit before Tax and OCI decreased by IDR 0.60 trillion, mainly caused by a IDR 3.61 trillion decrease in net premium income and a IDR 1.60 trillion increase in total expenses. The decrease in net premium income was driven by lower gross written premium and higher reinsurance premiums ceded.