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Abstract:
This research evaluated the operation performance of non-life insurance companies in Taiwan using the Multivariate Statistics. The numerous financial rates were reduced into four indices by factor analysis, which were defined as "Whole Operation", "Invest Ability", "Underwriting Profits", and 'Business Ability". Then, factor scores of the four indices for all companies in each year were computed and these companies were classified into five clusters. The empirical results showed that the financial and business performance of some non-financial holding system companies is similar to that of financial holding system companies. Though quantitative data and business ability of foreign companies were not as good as those of local companies, but their whole operation, profits earning and investment performance had stable growth. The performance of whole operation and invest ability was low through out the impact of financial crisis, but the balances were normal. Overall, the financial and business performance tends to be weaker by year.
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