Analyzation Of Financial Performance of Sector-Wise Life Insurance Companies of Pakistan: (With Special Reference to Public Sector and Private Sector Life Insurance Companies of Pakistan)

Abstract

This study is looking at the life insurance market in Pakistan, especially the financial performance based on net premium growth of the top companies in the market. Public and private sector enterprises are the primary actors being targeted. The data for this study came from the financial reports of different public and private sector firms, as well as the financial statements analysis of financial sector 2017-2023 released by the statistics & DWH department, state bank of Pakistan - SBP. Inductive research is the research approach employed here, which implies that data is acquired first, and then a conceptual framework is constructed based on the collected data. This framework aided in the creation of a financial model, which was subsequently evaluated using regression analysis. The research intends to acquire insights into the financial performance of the life insurance business in Pakistan and how the major participants, both in the public and private sectors, have performed based on net premium growth from 2017 to 2021 by analysing these important variables. The regression analysis is most commonly used to identify links and patterns between variables, allowing for a better knowledge of the industry's dynamics and the elements that influence its financial performance.