Insurance Companies and the Risk that Influence it's Stock Return

The purpose of this study was to look at the impact of Risk Based Capital, Insurance Company Health Ratio, Market Return, Inflation, and COVID- 19 on the stock returns of insurance companies listed on the Indonesia Stock Exchange from 2017 to 2022. The sample used in this study consisted of ten companies listed on the Indonesia Stock Exchange from 2017Q1 to 2022Q4. To study the effects of independent variables on the dependent variable, we employed the statistical t-test. It was discovered that risk-based capital, insurance company health ratio, and covid status had no direct impact on insurance company stock return, whereas market return and inflation do. This study showed that Capital Asset Pricing Model (CAPM) was still relevant today as it was before, and Insurance company needs to look for what other factors and indicators that have impact to stock return. Last, this research shows investors should properly analyze Inflation and Market Return since they affected Stocks Return significantly.