مجلة التمويل والاستثمار والتنمية المستدامة

The Relationship Between Financial Indicators Analysis And Financial Performance: An Applied Study At United Insurance Company (uic) Of Syria (2008-2024)

Auteurs : Alsayegh Carol .

Résumé

This study investigates the relationship between financial indicators (Turnover Ratio, Earnings per Share (EPS), Book Value per Share (BVPS), Price-Earnings Ratio (P/E), Price-to-Book Value Ratio (P/B)) and financial performance (Return on Assets (ROA), Return on Equity (ROE), Net Insurance Premium to Net Equity, Current Liabilities to Total Assets, Equity Ratio) of United Insurance Company (UIC) in Syria (2008–2024). A quantitative, descriptive-analytical design is adopted. Financial data from UIC’s audited annual statements (Damascus Securities Exchange) are analyzed using ratio analysis, descriptive statistics, and Pearson correlation (α ≤ 0.05). EPS exhibits strong positive correlations with ROA (r = 0.924, p < 0.01) and ROE (r = 0.816, p < 0.01). BVPS and P/B ratio show significant associations with capital structure indicators. The Turnover Ratio and P/E ratio lack significant relationships with most performance measures. The main hypothesis is rejected (p > 0.05). This first empirical investigation of Syria’s conflict-affected insurance sector offers original insights for managerial decisions, investment strategies, and regulatory policy in fragile economies.

Mots clés

financial indicators, financial performance, ratio analysis, earnings per share, return on assets.