Abstract :
This research is meant to test and to analyze the effect of financial early warning system that consists of incurred loss ratio, liabilities to liquid assets ratio, agent?s balance to surplus ratio, and premium growth ratio to the value of insurance companies which are listed in Indonesia Stock Exchange from 2010 to 2016. The population that used in this research is all insurance company in Indonesia Stock Exchange. By using purposive sampling method, obtained a research sample of 12 companies with 74 number of observations. Dependent variable in this research is the value ofcompany that measured by Tobin?s Q, while independent variables in this research are ratio of Early Warning System (EWS) that consists of incurred loss ratio, liabilities to liquid assets ratio, agents' balance to surplus ratio and premium of growth ratio. Result of the research indicates that incurred loss ratio has positive insignificant effect to the value of company, liabilities to liquid assets ratio has negative significant effect to the value of company, agents' balance to surplus ratio has negative insignificant to the value of company, and premium of growth ratio has negative significant to the value of insurance companies which are listed in Indonesia Stock Exchange from 2010 to 2016.
Keywords : Insurance Company, Tobin?s Q, Early Warning System, The Value of Company.