Document Type : Original Research Paper

Authors

• M. Ahamdi
• M. Nourozi

Department of Business Management, Faculty of Management and Accounting, Abhar Azad University, Zanjan, Iran

Abstract

Financial performance and profitability among insurance companies are very variable, so it seems very necessary to identify the factors affecting them. In this research, the determining factors of the financial performance of insurance companies admitted to the Tehran Stock Exchange during the period 1387 to 1392 were investigated. The research sample includes 9 insurance companies, and the hypotheses were tested using multiple regression models for composite data over a six-year period. The results of the research hypothesis test show that the relationship between the ratio of debts and the return on assets is significant and negative, the relationship between the ratio of fixed assets to total assets and the return on assets is significant and negative, as well as the relationship between the company's flexibility It is not meaningful with return on assets. The relationship between company size and return on assets is significant and negative, and the relationship between company risk and return on assets is significant and negative. Based on the obtained results, the relationship between the loss coefficient of the companies and the return on assets is significant and negative, and the relationship between the production insurance premium and the return on assets is significant and positive.

Keywords

• financial performance
• Insurance Companies
• Return on Assets
• panel data
• Company Size
• loss ratio