Home insurance provides protection against risks to property such as water and leakage damage, fire and explosion, theft and other. Having property insurance in the UK is optional but it is often contractually required in case of a mortgage. Operating profit margin indicates the profitability of a company or a sector and is calculated as the ratio of the operating profit to the total revenue.
From 2013 to 2016, the operating profit margin of home insurers in the United Kingdom (UK) fluctuated between 11 and 13 percent, after which it fell to two percent in 2018.
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Financial Conduct Authority. (October 30, 2019). Overall operating profit margin of home insurers in the United Kingdom (UK) from 2013 to 2018 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/
Financial Conduct Authority. "Overall operating profit margin of home insurers in the United Kingdom (UK) from 2013 to 2018." Chart. October 30, 2019. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/
Financial Conduct Authority. (2019). Overall operating profit margin of home insurers in the United Kingdom (UK) from 2013 to 2018. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/
Financial Conduct Authority. "Overall Operating Profit Margin of Home Insurers in The United Kingdom (Uk) from 2013 to 2018." Statista, Statista Inc., 30 Oct 2019, https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/
Financial Conduct Authority, Overall operating profit margin of home insurers in the United Kingdom (UK) from 2013 to 2018 Statista, https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/ (last visited July 22, 2024)
Overall operating profit margin of home insurers in the United Kingdom (UK) from 2013 to 2018 [Graph], Financial Conduct Authority, October 30, 2019. [Online]. Available: https://www.statista.com/statistics/1069801/operating-profit-margin-property-insurers/