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The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey

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  • Emine Öner Kaya

    (Department of Banking, College of Banking and Insurance, Gazi University, Ankara 06500, Turkey)

Abstract

This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profitability is measured by two different variables: technical profitability ratio and sales profitability ratio. According to the empirical results, the firm-specific factors affecting the profitability of Turkish non-life insurance companies are the size of the company, age of the company, loss ratio, current ratio, and premium growth rate.

Suggested Citation

  • Emine Öner Kaya, 2015. "The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey," IJFS, MDPI, vol. 3(4), pages 1-20, October.
    • Handle: RePEc:gam:jijfss:v:3:y:2015:i:4:p:510-529:d:57992
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