A comparative study on the growth and stability of selected non-life insurance companies in the Philippines from 1993-2003

Insurance can be described as two people, where the one guarantees to pay for the loss of the other. People may think that insurance is by way a protection to their life, but that\u27s the other side of insurance which is the life insurance. Yet, there is still another part which is the non-life insurance which protect the people\u27s belongings whether of value or not. This study will compare the growth and stability of selected non-life insurance companies in the Philippines. Growth, which will be represented by the following ratios, net income margin, return on average equity, expense ratio, and loss ratio and stability which will be represented by debt to equity ratio and liquidity ratio. The Insurance Commission uses these ratios to monitor the performance of the industry. This study will help both the people and the insurance companies. It will help the people by giving information regarding what is non-life insurance all about and for them to properly choose the appropriate insurance for them. It will help the insurance companies to know how well are they doing as compared yearly and to its industry