Analysis of Profitability Ratios and Solvency Ratios at PT MSIG Life Insurance Indonesia Tbk.

Abstract

This study aims to identify and analyze the financial performance of PT MSIG Life Insurance
Indonesia Tbk. The population and sample used in this research consist of all financial reports of PT
MSIG Life Insurance Indonesia Tbk from 2019 to 2023, using a saturated sampling technique. The method used in this study is quantitative descriptive analysis by applying financial ratio analysis, specifically profitability and solvency ratios. The data used are secondary data in the form of the company's financial statements. The results show that the financial performance of PT MSIG Life
Insurance Indonesia Tbk, based on profitability ratios using the underwriting ratio, indicates poor fund utilization. However, the claim expense ratio, commission ratio, and return on investment (ROI) show good utilization of funds. In terms of solvency, the Debt to Asset Ratio (DAR) reflects poor utilization of funds, while the Debt to Equity Ratio (DER) indicates good performance.