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ANALISIS KINERJA KEUANGAN PERUSAHAAN ASURANSI YANG TERDAFTAR DI BURSA EFEK INDONESIA

01/2010;
Source: OAI

ABSTRACT This research referred to survey method approach in insurance firms with title “An Analysis on Financial Performance of Insurance Firms Listed in Indonesian Stock Exchange”. The research purposed to find out how the financial performance of insurance firms listed in Indonesian stock exchange work and, among the firms, which firm that has the best financial performance. In this study, the writer took hypothesis as follows, first, that financial performance of insurance firms listed in Indonesian stock exchange considered being health, second, that among eight insurance companies listed in Indonesian stock exchange, it revealed that PT Lippo General Insurance Tbk has the best financial performance. In order to find out this performance, eight ratios were implemented as analysis tools, in which these ratios represented evaluation of financial performance in the companies based on solvability, profitability, and liquidity. The data analysis technique used time series and cross section methods. The research population consisted of all insurance firms with shares listed in Indonesian Stock Exchange, in this case, 12 companies. Of the population, the writer took eight companies namely, PT Asuransi Bina Dana Arta Tbk, PT Asuransi Bintang Tbk and its Affiliate, PT Asuransi Dayin Mitra Tbk, PT Asuransi Ramayana Tbk and its Affiliate, PT Lippo General Insurance Tbk, PT Asuransi Harta Aman Pratama Tbk, PT Panin Insurance Tbk and its Affiliate and PT Asuransi Jasa Tania Tbk. These companies referred to same kind of insurance firms, financial loss insurance. Based on analysis financial ratio, referred to available parameter, the financial performance of these insurance firms revealed to be not health because among 8 companies only three companies proved to be healthy financial performance, namely PT Asuransi Bina Dana Arta Tbk, PT Asuransi Dayin Mitra Tbk and PT Lippo General Insurance Tbk. Whether four other companies, PT Asuransi Bintang Tbk and its Affiliate, PT Asuransi Ramayana Tbk and its Affiliate, PT Asuransi Harta Aman Pratama Tbk and PT Asuransi Jasa Tania Tbk proved to be not healthy in their financial performance. One insurance firm, PT Panin Insurance Tbk and its Affiliate, revealed to have stagnant financial performance. Finally, the insurance company considered having the best financial performance came to PT Panin Insurance Tbk and its Affiliate. Therefore the first and second hypotheses in this study were rejected. In line with above conclusion, the writer implicated that the company hopefully able to develop and keep its stability obtained on risk based capital that meet standard from government and keep the assets higher than obligation that resulted in stable solvability. Besides prosperity of stockholders to be considered, the company should consider its financial performance for in order to get societies’ interest and keep the customers’ trust, it needs proof of good financial performance that revealed in people belief toward the company.

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