Analysis of the Effect of Premium Income, Underwriting Ratios, Investment Returns, and Claims on Profit Growth in Insurance Companies Listed on the IDX in The 2017-2019 Period

Abstrak

This study aims to examine the effect of premium income, underwriting ratio, investment returns, and claims on profit growth. The sampling technique used was purposive sampling, resulting in a sample of 14 insurance companies that met the criteria. The data analysis techniques employed in this study include classical assumption tests, multiple linear regression analysis, coefficient of determination, t-statistical test, and simultaneous (F) test. The results show that premium income and investment returns have a positive and significant effect on profit growth. Meanwhile, the underwriting ratio and claims do not have a significant effect on profit growth in insurance companies listed on the Indonesia Stock Exchange (IDX) for the 2017–2019 period. The limitations of this study include the presence of outlier data that had to be removed, and the findings indicate that the independent variables contribute only minimally to profit growth, as reflected in the coefficient of determination of 33.1%. This study can serve as a reference for future researchers examining premium income, underwriting ratio, investment returns, and claims in insurance companies