Abstract
This study aimed to examine the factors that affect the profitability of insurance companies on the Indonesia Stock Exchange 2012-2019 period. The factors that affected the profitability of insurance companies on the Indonesia Stock Exchange were premium income, investment returns, underwriting results and risk based capital. This study used a quantitative approach. The population in this study were 16 insurance companies on the Indonesia Stock Exchange. The sampling technique used purposive sampling method with certain criteria in order to obtain a sample of 8 insurance companies. The data in this study were analyzed using the help of IBM SPSS version 20 by testing multiple linear regression analysis. The results of this study indicated that the premium income and underwriting results partially affected the profitability of insurance companies. Meanwhile, investment returns and risk based capital partially did not affect the profitability of insurance companies. As well as premium income, investment returns, underwriting results and risk based capital simultaneously affected the profitability of insurance companies.
Highlights
Penelitian ini bertujuan untuk meneliti faktor-faktor yang mempengaruhi profitabilitas perusahaan asuransi di Bursa Efek Indonesia Periode 2012-2019
This study aimed to examine the factors that affect the profitability of insurance companies on the Indonesia Stock Exchange 2012-2019 period
The results of this study indicated that the premium income and underwriting results partially affected the profitability of insurance companies
Summary
Teori sinyal atau signaling theory menjelaskan tentang alasan suatu perusahaan membagi informasi berupa financial report kepada pihak luar atau eksternal mengenai asimetris informasi yang terjadi diantara manajemen perusahan yang lebih memiliki informasi luas dibandingkan dengan pihak eksternal perusahaan (Fadhila, 2016). Hasil Investasi Investasi pada dasarnyaa merupakan peletakan dana saat ini dengan tujuan untuk memperoleh keuntungan di masa mendatang dan hasil investasi adalah pendapatan yang diperoleh dapat berupa keuntungan maupun kerugian akibat naik turunnya nilai investasi pada suatu periode tertentu (Marwansyah dan Utami, 2017). Hasil Investasi (X2) Data Hasil investasi dapat diperoleh melalui total hasil investasi yang berada pada laporan laba rugi bagian pendapatan, Menurut Hassanah dan Siswanto (2019) pengukuran hasil investasi sebagai berikut : Hasil Investasi = Total Hasil Investasi. Hasil Underwriting (X3) Hasil underwriting ini didapat dari total hasil underwriting pada laporan laba rugi bagian pendapatan, Menurut Sari dkk (2017) pengukuran hasil underwriting sebagai berikut : Hasil Underwriting = Total Hasil Underwriting. Risk based capital (X4) Risk based capital yang diperoleh dari rasio pencapaian solvabilitas terdapat pada catatan atas laporan keuangan, Menurut Hassanah dan Siswanto (2019) pengukuran Risk based capital (RBC) sebagai berikut : RBC = Rasio Pencapaian Solvabilitas
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