| Summary: | 碩士 === 國立高雄第一科技大學 === 風險管理與保險所 === 95 === Life insurance industry has the mechanism of modulating and stabilizing the entire financial industry. The performances of life insurance industry often affect the overall economical development. The maturity of investment concepts and the liberalization of investment on insurance industry of the government policies in recent years have created a profitable environment for investment. Under the expectation of the government and the responsibility to the policyholders, the performances and operational capability are the important evaluation indexs to evaluate whether life insurance companies stay stable and profitable.
This research applies factor analysis, cluster analysis ,and regression analysis to evaluate the profitability of 28 Taiwan life insurance companies from 2003 to 2005.The empirical results are：First, apply cluster analysis to sort life insurance companies into three clusters by seven profitability indexs, and to find there are significant differences in capital utilization and operational capability, then apply ANOVA analysis to analyze and compare the diversities between these three clusters. Secondly, apply regression analysis to establish two models. One is to predict operation capability and finding the variables that affect the operation capability are fixed benefit items, capital utilization rate, debt to capital ratio. To predict capital utilization ability with the other one and to find the variables are mid-term to long-term capital investment, capital utilization rate and debt to capital ratio. In this study, short -term capital investment and market share do not have any influence in these two models.
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