The main objective of this study was to find out the profitability of insurance company. The profitability of a life insurance company is critically dependent on its operating and financial activities. Operating activities consist of insurance operations such as selling new policies and providing services to existing policies. Financial activities consist of investing the premiums of policies in viable opportunities. The profits from operating activities can be calculated as the difference between premium income and the total cost of operations, whereas the profit from financial activities is calculated as the difference between actual returns on investment and the returns credited to the policies. Success in the life insurance industry depends on the insurer’s ability to control costs and on various intangibles, such as clientele and business-risk preferences, marketing skills, reputation, and perceived quality of services.
Impact Factor
2022: 6.012
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