Analysis of factors determining the financial performance of insurance companes in Turkey

In this thesis, factors determining the financial performance of insurance companies is analyzed. Two types of analysis methods were used. In the first, 9 independent variables were taken that were thought to have an impact on ROA and data of 46 insurance companies were analyzed between 2010 and 2019. As a result of this analysis; it was concluded that there was a positive relationship between company age, asset size, premium growth rate and inflation and asset profitability (ROA), negative relationship between loss ratio, borrowing rate (leverage) and market share (competition) and asset profitability, and there was no statistically significant relationship between retention rate and number of regulations. In the second, insurance companies are divided into four groups: life and non-life and traded in BİST and not traded in BİST. Each group of companies was analyzed separately with the same dependent and independent variables. It has been determined that inflation is the variable that positively affects asset profitability in the life group. However, the analysis was completely statistically meaningless. In the non-life group, it was concluded that the company's profitability was positively affected by the asset size, negatively affected by loss ratio, leverage, premium growth rate and market share. It has been concluded that the active profitability of the insurance companies traded in BIST positively affected by the age of the company and the market share variables and negatively affected by all other variables. It is understood that the active profitability of insurance companies not traded in BIST is positively affected by the company size and inflation and negatively affected by the loss ratio, leverage, premium growth rate and market share. It has been concluded that the number of regulations, retention rate and the age of the company has no effect on the asset profitability of insurance companies not traded in BİST.