Analisis Kinerja Keuangan pada Perusahaan Asuransi di Bursa Efek Indonesia Periode 2020-2024
DOI:
https://doi.org/10.55606/jumbiku.v6i1.6892Keywords:
Financial Performance, Financial Ratios, Insurance Companies, Liquidity, ProfitabilityAbstract
This study aims to analyze the financial performance of insurance companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2024. The research uses a quantitative descriptive method by analyzing financial ratios including Current Ratio (CR), Debt to Asset Ratio (DAR), Debt to Equity Ratio (DER), Return on Assets (ROA), Return on Equity (ROE), and Risk-Based Capital (RBC). The sample consists of seven insurance companies selected using purposive sampling technique based on predetermined criteria. The data source is secondary data obtained from the published financial statements of insurance companies. The analysis results show that overall, the financial performance of insurance companies in Indonesia during 2020-2024 varies. The liquidity aspect, measured by Current Ratio, shows that most companies have adequate liquidity, although some still experience fluctuations. The solvency aspect shows that companies generally have good capital structure, although there are concerns about excessive dependence on debt. Profitability tends to be under pressure due to high operational costs and low operational efficiency. Risk-Based Capital (RBC) as the main indicator shows a declining trend that is worrying, especially in several companies that experienced a drastic decrease, indicating a weakening ability to absorb risk. This study concludes that although most insurance companies meet minimum regulatory standards, there are fundamental challenges related to operational efficiency, liquidity stability, and capital adequacy that need serious attention to ensure long-term sustainability.
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