Analisis Pengaruh Rasio Keuangan Early Warning System terhadap Harga Saham pada Perusahaan Sub-Sektor Asuransi yang Terdaftar di Bursa Efek Indonesia Periode 2018-2022

Abstract

The aim of this research is to determine and analyze the influence of the Early Warning System financial ratios on the share prices of insurance sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The data in this research was obtained by downloading financial reports via the company's official website so this research is secondary data. The sample in this research was 13 companies. Data analysis uses multiple linear regression analysis of panel data and is processed using Eviews software. The results of this research simultaneously show that incured loss ratio, liquidity, premium stability, agent's balance to surplus, and adequancy of capital funds have a significant effect on share prices in insurance companies. Partially, incured loss have a negative and significant effect on share prices, liquidity has a negative and significant effect on share prices, premium stability has a positive and insignificant effect on share prices, agent's balance to surplus has a negative and insignificant effect on share prices, and adequancy of capital funds has an effect positive and significant to stock prices.