المجلة الدولية للعلوم والتقنية

Evaluating the growth rates and financial stability of Al-Thiqa and Al-Mutahida Insurance companies www.doi.org/10.62341/skez6373 Suad H Kshem, Khaled AB Emgeg Department of Finance and Banking - Faculty of Economics- Zawia University of Zawia - Libya s.kshem@Zu.edu, k.emgeg@Zu.edu Abstract The research aimed to assess the actual and sustainable growth rates of Al-Thiqa and Al-Mutahida Insurance Companies, while also conducting a comparative analysis of their financial stability to assess their ability to grow without the need for external financing. The study period spans from 2012 to 2016. To accomplish the set objectives, a descriptive-analytical approach was utilized, employing the Ros model for assessing actual and sustainable growth, and the Z-Score model for evaluating financial stability. The outcomes of the study indicated that both companies fell short of the necessary actual growth rate, with Al-Thiqa Insurance Company meeting the sustainable growth rate requirement, unlike Al-Mutahida Insurance Company. Furthermore, disparities in actual and sustainable growth rates between the two companies were identified. In terms of financial stability, it was observed that there was a decline for Al-Thiqa Insurance Company and a reduction to zero for Al-Mutahida Insurance Company. The examination furthermore assessed the financial standing of both companies are focused on increasing their market presence and ensuring their financial stability., thereby aiding in the development of a strategy to enhance the efficiency enhancing Libyan insurance entities to contribute positively to the advancement of the local economy. Keywords: Sustainable growth- actual growth- financial stability- Financial fragility.