Effect of Current Ratio, Debt to Assets Ratio and Return on Equity on Profit Growth in Insurance Companies registered with the Financial Services Authority in 2018 - 2020

Kurnia Zahra, Djoko Hanantijo

Abstract


This study aims to analyze and determine the effect of Current Ratio (CR), Debt to Asset Ratio (DAR) and Return on Equity (ROE) on Profit Growth in General Insurance companies registered with the Financial Services Authority (OJK) in 2018 - 2020. The research method used is quantitative method with multiple linear regression analysis. Sampling was conducted by purposive sampling method. From 79 insurance companies registered with OJK, 6 companies were selected with predetermined criteria. The result of this study showed that partially Debt to Asset Ratio (DAR) has a significant effect on profit growth, while the Current Ratio (CR) and Return on Equity (ROE) have no effect on profit growth.

Keywords


Current Ratio, Debt to Asset Ratio, Return on Equity, Growth Profit

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References


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DOI: http://dx.doi.org/10.52155/ijpsat.v31.1.3598

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