The Impact of Insurance Company’s Profitability on the Economic Growth
Siti Nurain Muhmad1, Wesam Salameh Alzboon2, Fatima Alhamshary3
1Dr. Siti Nurain Muhmad, Ph.D Bachelor of Accounting Programme, School of Maritime Business and Management, University Malaysia Terengganu Kuala Nerus, Terengganu, Malaysia.
2Wesam Salameh Alzboon, Ph.D Student, University Malaysia Terengganu, Terengganu, Malaysia.
3Fatima Alhamshary, Lecturer, Department of Administration & Financial Sciences, Community Collage of Qatif, Imam Abdulrahman Bin Faisal University, Dammam, Saudi Arabia.
Manuscript received on 28 September 2019 | Revised Manuscript received on 10 November 2019 | Manuscript Published on 22 November 2019 | PP: 693-699 | Volume-8 Issue-6S3 September 2019 | Retrieval Number: F11270986S319/19©BEIESP | DOI: 10.35940/ijeat.F1127.0986S319
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Abstract: This paper investigates the impact of Jordanian insurance company’s profitability on the economic growth during the period 2007-2016. Regression analysis using random effect model was adopted after applying Hausman test. The results reveals that earning per share, and net realized premiums to shareholders equity have a negative impact on the economic growth, also a significant positive impact for the return on equity on the economic growth has been founded. According to the results the study recommended to encourage individuals and investors to participate in insurance in various fields.
Keywords: Insurance Company, Profitability, Economic Growth, Amman Stock Exchange.
Scope of the Article: Social Sciences