<![CDATA[The insurance industry's performance after the pandemic has seen a significant improvement. From 2022 to 2024, premiums collected by the industry increased by an average of 13.1%. However, this premium increase was not accompanied by increased profits. The insurance industry tended to experience losses. These losses were caused by a decline in underwriting results and an increase in premium and claim reserves. This study used premium income, underwriting results, investment results, claim expenses, and risk-based capital as independent variables, and return on assets as the dependent variable. The sample used in this study was 12 general insurance companies listed on the Indonesia Stock Exchange that published financial reports from 2022 to 2024. Using panel data regression analysis with a fixed effect mode, the results showed that premium income and risk-based capital (RBC) variables partially had a negative effect on return on assets (ROA). Meanwhile, underwriting results, investment results, and claim expenses partially had a positive but insignificant effect on return on assets (ROA). This study also shows that insurance premium income, underwriting results, investment results, claim expenses and Risk Based Capital (RBC) simultaneously influence Return on Assets (ROA) with a multiple determination coefficient (R2) value of 48.33%.]]>
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