Motor insurance provides financial protection in case of property or persons damage caused by the owner or driver of the vehicle. There are three main types of motor insurance in the United Kingdom - third party, third party, fire and theft, and comprehensive. 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 2018, the operating profit margin of motor insurance price comparison websites in the United Kingdom (UK) fluctuated between 31 and 39 percent.
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Financial Conduct Authority. (October 30, 2019). Overall operating profit margin of motor insurance price comparison websites (PCW) in the United Kingdom (UK) from 2013 to 2018 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/
Financial Conduct Authority. "Overall operating profit margin of motor insurance price comparison websites (PCW) in the United Kingdom (UK) from 2013 to 2018." Chart. October 30, 2019. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/
Financial Conduct Authority. (2019). Overall operating profit margin of motor insurance price comparison websites (PCW) in the United Kingdom (UK) from 2013 to 2018. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/
Financial Conduct Authority. "Overall Operating Profit Margin of Motor Insurance Price Comparison Websites (Pcw) in The United Kingdom (Uk) from 2013 to 2018." Statista, Statista Inc., 30 Oct 2019, https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/
Financial Conduct Authority, Overall operating profit margin of motor insurance price comparison websites (PCW) in the United Kingdom (UK) from 2013 to 2018 Statista, https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/ (last visited September 01, 2024)
Overall operating profit margin of motor insurance price comparison websites (PCW) in the United Kingdom (UK) from 2013 to 2018 [Graph], Financial Conduct Authority, October 30, 2019. [Online]. Available: https://www.statista.com/statistics/1069824/operating-profit-margin-motor-insurance-price-comparison-websites-pcw/