Abstract :
This study aims to examine the effect of Early Warning System ratios on insurance companies? stock returns which were listed on the Indonesia Stock Exchange (IDX). The population in this study is that the insurance companies listed on Indonesia Stock Exchange (IDX) in the year 2010 till 2014. The sample set by using purposive sampling method. The study sample was obtained by 10 companies. Hypothesis testing using multiple regression analysis with SPSS version 20. The result show that the first hypothesis (H1) which states that the incurred loss ratio affect on stock returns, accepted. The second hypothesis (H2) which states that the liabilities to liquid assets ratio affect on stock returns, rejected. The third hypothesis (H3) which states that the agent?s balance to surplus ratio affect on stock returns, rejected. The forth hypothesis (H4) which states that premium growth ratio affect on stock returns, rejected.