Financial performance analysis investigates the overall financial health of a firm over a given period of time. It is the process of identifying the financial strengths and weaknesses of the firm by properly establishing the relationship between the items of balance sheet and profit and loss account. It provides a clear guide to evaluate and understand the company’s position. The present research has been undertaken to analyze the financial performance of selected Jordanian insurance companies for a period of ten years. Data have been collected through annual reports and Altman Z-Score Model has been applied to examine their financial performance.