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September 10, 2025Risk Governance and Control Financial Markets & InstitutionsOpen Access

The prediction of financial failure risk in insurance companies listed in the Amman Stock Exchange using the Altman model

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Authors

NJNawaf Abdullah Al JundiAAAnas Ahmad Bani AttaRARiham Hamzeh AlKhuffash

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Overview

Descriptive analysis shows the Altman model predicts financial failure risk in insurance companies, indicating limited accuracy over years.

Key Points

  • The Altman model predicted financial failure risk with 56.7% accuracy in insurance companies.
  • Financial failure predictions were based on data from 23 insurance companies listed on the Amman Stock Exchange from 2018 to 2022.
  • A descriptive analytical approach was utilized, employing the Mann-Whitney U test to evaluate the model's hypotheses.
  • Results suggest that additional predictive models may improve accuracy in forecasting financial failure risk.

Cite This Study

Jundi et al. (2025) studied this question.

synapsesocial.com/papers/68c23b4ab210217d64783e41https://doi.org/10.22495/rgcv15i3sip1
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