Strong Financial Health Boosts Profits for Insurance Companies, Study Finds
The study looked at how the financial health of insurance companies affects their profitability. They used data from 10 companies over a 5-year period and found that factors like Loan to Deposit Ratio, Capital Adequacy Ratio, and Net Interest Margin have a positive impact on profitability. However, Non-Performing Loans and Operational Efficiency Ratio do not affect profitability.