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September 10, 2025WSEAS TRANSACTIONS ON BUSINESS AND ECONOMICSOpen Access

Can Altman’s Z-score Model Predict Insurance Companies' Failure? Evidence from Jordan

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Authors

RSRuba Nimer Abu ShihabFKFuad M. KreishanMSMohammad Selim

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Overview

Analytical assessment of Altman's model's predictions on financial failure in insurance companies, highlighting limitations.

Key Points

  • Findings show that Altman's model failed to predict financial failures two years in advance.
  • The study analyzed data spanning four years from 24 insurance companies on the Amman Stock Exchange.
  • A modified Altman model was employed, analyzing return on share against actual company performance.
  • The results suggest that alternative models should be explored for better financial assessments.

Cite This Study

Shihab et al. (2025) studied this question.

synapsesocial.com/papers/68c23e4fb210217d64791e11https://doi.org/10.37394/23207.2025.22.144
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Also Consider

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