| dc.description.abstract | Abstract: With the drastic changes happening
in the corporate sector, the relevance of
insurance companies gradually grows. They are
essential to the country's development and
make major contributions. Therefore, the goal of
this study is to pinpoint the micro-level factors
that influence the financial success of Sri Lankan
insurance companies. Return on Assets and five
independent factors, including reinsurance
dependence, commission ratio, reinsurance
premium ratio, leverage ratio, and firm size, are
used to assess financial performance. Out of the
twenty-eight insurance companies that were
accessible for this study from 2013 to 2019,
eight long-term licensed insurance companies
were chosen at random as the sample.
Secondary information is needed and is
acquired through annual reports from each
company and the IBSL (Insurance Board of Sri
Lanka). Multiple regression analysis and
descriptive statistics are the statistical methods
used in this investigation. Only reinsurance
dependence, according to the study, exhibits a
statistically significant positive influence on
return on assets. Return on assets is statistically
significantly impacted negatively by commission
ratio, reinsurance premium ratio, debt, and
company size.
Keywords : Insurance, Micro level, Reinsurance,
Return on Asset | |
