Factors Affecting the Financial Performance of Insurance Companies

(Study Cases PT. Asuransi Jasa Indonesia Bandar Lampung 2020-2023)

Abstract

This study aims to analyze the influence of premium income, claim expenses, and claim success rate on financial performance in Cattle/Buffalo Business Insurance (AUTS/K) products at PT. Asuransi Jasa Indonesia (Jasindo) Bandar Lampung Branch for the 2020–2023 period. Using quantitative methods with multiple linear regression analysis. The research data included 60 monthly observational samples. The results of the study show that simultaneously the three variables have a significant effect on financial performance. Partially, claims expenses have a significant negative effect and the success rate of claims has a significant positive effect on financial performance. However, premium income was found to have no significant influence on the financial performance of this specific product during the study period.