The COVID-19 pandemic has brought drastic changes to the dynamics of the life insurance Alpha Alan industry, deeply affecting economic economic growth projections and financial movements. The life insurance market experienced significant financial, operational, and strategic impacts during the pandemic in 2020, with an estimated market decline of 5.2% due to the economic slowdown. This study focuses on prudential life insurance and Allianz life, aiming to thoroughly investigate how the pandemic affected these companies' financial performance from 2019 to 2023. Secondary data from the companies was gathered from their respective websites and publicly available data from the Indonesia stock exchange. Financial statements for the years 2016 to 2023 were analyzed using eight financial ratios. The normality of the data distribution was assessed using the Shapiro-wilk test. Based on the normality results, parametric tests (paired sample t-test) or non-parametric tests (wilcoxon signed-rank test) were applied to compare the financial performance pre-pandemic and pandemic era. All statistical analyses were conducted using IBM SPSS statistics 27 to determine whether significant differences existed between the two periods. The results indicate that prudential showed superior performance in profitability and solvency metrics, such as return on equity (ROE) and risk-based capital (RBC), while allianz demonstrated stronger asset management and liquidity ratios, particularly during the pandemic. Both companies exhibited significant shifts in select ratios, highlighting distinct responses to market challenges, with prudential excelling in profitability and Allianz in asset utilization and liquidity during uncertain times.