Rizka Gabriella Sandy
Universitas Abdurachman Saleh Situbondo

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RISK BASED CAPITAL (RBC) SEBAGAI INDIKATOR KESEHATAN KEUANGAN PERUSAHAAN ASURANSI YANG TERDAFTAR DI BEI PERIODE 2022-2024 Ida Subaida; Rizka Gabriella Sandy; Nur Malika Putri
Jurnal Mahasiswa Entrepreneurship (JME) Vol 4 No 11 (2025): NOVEMBER 2025
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v4i11.7803

Abstract

This study aims to assess the financial health of insurance companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period using Risk-Based Capital (RBC) indicators. The assessment is conducted by calculating the solvency level, Minimum Solvency Limit (BTSM), and Risk Based Capital (RBC) based on the minimum RBC limit of 120%. The research method used is descriptive quantitative, utilizing secondary data in the form of annual financial reports of insurance companies listed on the IDX. The analysis results indicate that, in general, the majority of insurance companies are in a healthy financial condition, as their RBC values are above the minimum threshold. However, several companies, such as TUGU in 2022 and ASBI in 2023, fell below the RBC standard, reflecting pressure on their capital structure and high risk exposure during that period. Despite this, both companies demonstrated significant recovery in the following year. Meanwhile, other companies such as ABDA, LPGI, VINS, and ASRM maintained very high RBC values, demonstrating consistent capital strength and effective risk management. Overall, the RBC trend for the 2022–2024 period demonstrates that, despite fluctuations, the IDX-listed insurance industry maintains relatively stable financial resilience and is able to adapt to changing risks.
PERAN KINERJA KEUANGAN DALAM MEMEDIASI PENGARUH UKURAN PERUSAHAAN, STRUKTUR MODAL, DAN PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BEI PERIODE 2022-2024 Rizka Gabriella Sandy; Ida Subaida; Lita Permata Sari
Jurnal Mahasiswa Entrepreneurship (JME) Vol 5 No 1 (2026): JANUARI 2026
Publisher : Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/jme.v5i1.8191

Abstract

The basic and chemical industry sector within manufacturing companies plays a strategic role in supporting national industrial activity because it produces various basic products used in production processes across various sectors. The purpose of this study is to analyze and test the role of financial performance in mediating the influence of company size, capital structure, and sales growth on firm value. The method used in this study is descriptive quantitative. The population in this study were manufacturing companies in the basic and chemical industry sector listed on the Indonesia Stock Exchange (IDX) in 2022-2024. Purposive sampling was the sampling technique in this study. This study used Partial Least Squares – Structural Equation Modeling (PLS-SEM). The results of the hypothesis test using the Smart PLS 3.0 statistical application indicate that company size has a negative but insignificant effect on financial performance, capital structure has a significant negative effect on financial performance, sales growth has a significant positive effect on financial performance, company size has a significant positive effect on firm value, capital structure has a negative but insignificant effect on firm value, sales growth and financial performance have a positive but insignificant effect on firm value. Financial performance negatively but insignificantly mediates the influence of firm size and capital structure on firm value. Financial performance positively but insignificantly mediates the influence of sales growth on firm value.