Analysis of Asset Financing in Insurance Companies

Abstract

This study analyzes the capital structure and financing levels of three insurance companies listed on the Mongolian Stock Exchange's Tier I: Mandal Insurance JSC, Ard Insurance JSC, and Bodi Insurance JSC, based on their financial reports from 2020-2022. Using Savitskaya’s model, the study finds that the capital structure of these companies is currently at the B level, ensuring financial stability. However, the findings suggest that increasing long-term liabilities can potentially elevate the structure to the A level. This research provides recommendations for optimizing capital structure and contributes to improving the financial management efficiency of the insurance sector.