Applied of Altman Z Score Model (1993) to Insurance Companies in Jordan

Abstract

The study aimed to predict financial failure and assess the effectiveness of applying the Altman model to insurance companies in Jordan. The research was conducted on 17 insurance companies listed in the Amman Stock Market, utilizing the modified Altman Z Score model (1993).The study concluded that the Altman Z Score (1993) can be relied upon as a tool for evaluating the financial stability of companies. It found that the financial situation of the sample companies is stable, with the exception of three companies that are financially unstable and at risk of failure.