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PROFITABILITY AND FINANCIAL PERFORMANCE RATIOS OF SELECTED NON-LIFE INSURANCE COMPANIES IN BANGLADESH (Pages : 24 - 28)

M.K. UDDIN, A.N.M.M.H. CHOWDHURY, A. SIDDIQUA, A.S.M.M.H. CHOWDHURY AND S. PARVIN

Profitability is one of the most important goals of every financial institution. This study examined two profitability ratios namely, return on assets (ROA) and return on equity (ROE). Beside this, the article also identified the influences of three non-profitability ratios namely, solvency ratio (SR), risk retention ratio (RRR) and debt ratio (DR) on the ROA and ROE. Five selected private non-life insurance companies of Bangladesh were selected for the study. The secondary sources of financial data of the companies were used for the analysis. Based on the consistency and availability, data were collected only for the period of 2012-2014. The average values of the ratios are 6.34, 10.54, 19.10, 59.73, and 38.23, respectively. Though ROA is highly correlated with ROE (r=0.864) the correlation results show that no evidence of strong relationship of ROA and ROE with SR, RRR, and DR. The regression analyses also support the same evidence that means SR, RRR, and DR have no significant influence on ROA or ROE.Download


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