期刊名称：Acta Universitatis Lodziensis. Folia Oeconomica
印刷版ISSN：0208-6018
出版年度：2017
卷号：2017
期号：5
页码：7-22
DOI：10.18778/0208-6018.331.01
语种：Polish
出版社：Lodz University Press
摘要：The insurance system is a very important element of the financial system of a state.As in‑ stitutions of public trust,insurance companies play an important role in the process of transforming savings into investments,which directly affects the country’s economic development.Maintaining the insurance sector in a good financial condition guarantees stability of the financial system and economic development of Poland.The purpose of the paper is to present the essence of operations of insurance companies as financial institutions,present their role in the economy,and describe various methods of appraising their financial condition,presented in professional literature.In order to achieve this purpose,the research hypothesis was formulated,according to which the analysis of the financial condition (profitability) of insurance companies PZU and Warta gives the same results,using tradition‑ al (financial ratios),as well as alternative methods (the concept of Economic Value Added),and that smaller company (Warta) achieves higher level of operational efficiency than the larger company.The analysis conducted using both traditional (profitability ratios),as well as method of EVA confirmed the hypothesis,according to which PZU company is in better financial condition than one of the biggest competitors in insurance sector.
其他摘要：The insurance system is a very important element of the financial system of a state.As in‑ stitutions of public trust,insurance companies play an important role in the process of transforming savings into investments,which directly affects the country’s economic development.Maintaining the insurance sector in a good financial condition guarantees stability of the financial system and economic development of Poland.The purpose of the paper is to present the essence of operations of insurance companies as financial institutions,present their role in the economy,and describe various methods of appraising their financial condition,presented in professional literature.In order to achieve this purpose,the research hypothesis was formulated,according to which the analysis of the financial condition (profitability) of insurance companies PZU and Warta gives the same results,using tradition‑ al (financial ratios),as well as alternative methods (the concept of Economic Value Added),and that smaller company (Warta) achieves higher level of operational efficiency than the larger company.The analysis conducted using both traditional (profitability ratios),as well as method of EVA confirmed the hypothesis,according to which PZU company is in better financial condition than one of the biggest competitors in insurance sector.
关键词：Insurance system;financial ratio;financial condition analysis;Economic Value Added™
