This statistic shows the profitability as measured by pretax profit ratios of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year. The profitability history of the last 25 years of the private motor insurance market shows cyclical movements, with the lowest profit being reached in 2010 and showing an increase up until 2013. In 2015, the profit ratio reached a negative value of 0.5 percent.
Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year*
Financial year
Pretax profit ratio
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* According to the source, "the pretax profit ratio is taken to be 100% minus the Insurance Ratio."
The source states that "analyses were performed based on information included in the Prudential Regulation Authority (PRA) returns submitted by PRA-regulated insurance companies as at 31 December, 2015. As such, the analyses exclude the performance of insurers not regulated directly by the PRA, e.g., those registered in Gibraltar, Dublin, or other countries, or those that operate via Lloyd's".
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Statista. (September 12, 2017). Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year* [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/
Statista. "Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year*." Chart. September 12, 2017. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/
Statista. (2017). Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year*. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/
Statista. "Profitability of Private Motor Insurance Companies in The United Kingdom from 1985 to 2015, by Financial Year*." Statista, Statista Inc., 12 Sep 2017, https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/
Statista, Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year* Statista, https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/ (last visited July 22, 2024)
Profitability of private motor insurance companies in the United Kingdom from 1985 to 2015, by financial year* [Graph], Statista, September 12, 2017. [Online]. Available: https://www.statista.com/statistics/748227/profit-ratio-of-private-motor-insurers-in-the-united-kingdom/
