This statistic depicts calendar-year combined underwriting ratio for the motor insurance field companies operating in the United Kingdom (UK) from 2009 to 2013. As of 2009, the ratio used to measure the profitability of motor insurance companies amounted to 119.5 percent, meaning the companies that year paid out more money in claims than they received in premiums.
Motor insurance calendar-year combined underwriting ratio in the United Kingdom (UK) from 2009 to 2013
Calendar-year combined ratio is one of the most important profitability measures for insurance companies and as investopedia.com defines it, it is "calculated by taking the sum of incurred losses and expenses and then dividing them by earned premium".
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A.M. Best. (October 13, 2014). Motor insurance calendar-year combined underwriting ratio in the United Kingdom (UK) from 2009 to 2013 [Graph]. In Statista. Retrieved April 01, 2020, from https://www.statista.com/statistics/463022/motor-insurance-combined-ratio-uk/
A.M. Best. "Motor insurance calendar-year combined underwriting ratio in the United Kingdom (UK) from 2009 to 2013 ." Chart. October 13, 2014. Statista. Accessed April 01, 2020. https://www.statista.com/statistics/463022/motor-insurance-combined-ratio-uk/
A.M. Best. (2014). Motor insurance calendar-year combined underwriting ratio in the United Kingdom (UK) from 2009 to 2013 . Statista. Statista Inc.. Accessed: April 01, 2020. https://www.statista.com/statistics/463022/motor-insurance-combined-ratio-uk/
A.M. Best. "Motor Insurance Calendar-year Combined Underwriting Ratio in The United Kingdom (Uk) from 2009 to 2013 ." Statista, Statista Inc., 13 Oct 2014, https://www.statista.com/statistics/463022/motor-insurance-combined-ratio-uk/
A.M. Best, Motor insurance calendar-year combined underwriting ratio in the United Kingdom (UK) from 2009 to 2013 Statista, https://www.statista.com/statistics/463022/motor-insurance-combined-ratio-uk/ (last visited April 01, 2020)
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