Comparative Analysis of Financial Performance of Bank and Non-Bank Financial Institutions: A Study on PT Bank Btpn Syariah Tbk and PT Asuransi Multi Artha Guna Tbk for the 2023–2024 Period

Abstract

This study aims to analyze and compare the financial performance of bank and non-bank financial institutions in Indonesia, with the research objects of PT Bank BTPN Syariah Tbk and PT Asuransi Multi Artha Guna Tbk for the 2023–2024 period. The research method used is quantitative descriptive with a financial statement analysis approach which includes financial position statements, income statements, and financial ratios. The results of the study show that the banking sector has a more stable performance with strong capital levels and well-managed risks. Meanwhile, the non-bank sector showed good growth potential but was more sensitive to claims risks and investment fluctuations. This research provides an understanding of the differences in the characteristics of financial performance of the two sectors and their implications for business stability and risk.