PRECIOUS BLESSING AWEDOHOMA

The study examines the firm specific determinants of the performance of insurance firms in Nigeria over the period 2019 – 2023, using descriptive statistics, correlation analysis and panel least squares regression techniques. A causal research design was adopted for the study. The firm specific factors considered in this study include firm size, capital adequacy, leverage, liquidity and firm age while insurance firm performance was proxy by return on asset. It adopts a multivariate panel least squares analysis for the estimation process. The finding of the study reveals that firm size, liquidity and firm age has a positive and insignificant effect on performance of insurance companies while capital adequacy and leverage has a negative and insignificant influence on performance of insurance firms. The study recommends among others that management of insurance firms should focus less on growing the size of insurance firms in Nigeria. Also, regulatory authorities should ensure that insurance firms comply strictly with capital adequacy set by the regulatory authorities.