The objective of this study is to assess the factors affecting the financial performance of Non-L... more The objective of this study is to assess the factors affecting the financial performance of Non-Life Insurance companies in Ghana. The period 2009 to 2013 financial years of ten Non-life insurance companies were considered in this study. Purposive sampling was adopted in selecting the 10 non-life insurance companies out of the 26 companies registered as at the end of 2014. The study identified four key performance indicators; Investment to Total Assets, Investment Yield, Return on Assets (ROA) and Return on Equity (ROE). The study revealed that the non-life insurance industry in Ghana has realized a steady growth in their investment that is made out of the total assets. There was a study growth of the ROA. It was also found out that there was slightly weak correlation between Return on Assets (ROA) and Gross Written Premium (GWP), Size, Claims, Liquidity and Leverage. Conversely, Return on Assets (ROA) has a negative correlation with claims and a positive correlation with Gross Written Premium (GWP), Size, Liquidity and Leverage. Furthermore, all the factors strongly predict ROA with Liquidity being the strongest predictor. The outcome of the study may guide insurance managers with applied
The objective of this study is to assess the factors affecting the financial performance of Non-L... more The objective of this study is to assess the factors affecting the financial performance of Non-Life Insurance companies in Ghana. The period 2009 to 2013 financial years of ten Non-life insurance companies were considered in this study. Purposive sampling was adopted in selecting the 10 non-life insurance companies out of the 26 companies registered as at the end of 2014. The study identified four key performance indicators; Investment to Total Assets, Investment Yield, Return on Assets (ROA) and Return on Equity (ROE). The study revealed that the non-life insurance industry in Ghana has realized a steady growth in their investment that is made out of the total assets. There was a study growth of the ROA. It was also found out that there was slightly weak correlation between Return on Assets (ROA) and Gross Written Premium (GWP), Size, Claims, Liquidity and Leverage. Conversely, Return on Assets (ROA) has a negative correlation with claims and a positive correlation with Gross Written Premium (GWP), Size, Liquidity and Leverage. Furthermore, all the factors strongly predict ROA with Liquidity being the strongest predictor. The outcome of the study may guide insurance managers with applied
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