NU Online News Service, Oct. 10, 2:12 p.m. EDT
Online stock analyst SmarTrend says Selective Insurance leads five other companies with the lowest operating margin in the property and casualty insurance industry.
According to SmarTrend, Selective Insurance has an operating margin of 1.4 percent in the last quarter on sales of less than $400 million.
Safety Insurance had an operating margin of 3.5 percent in the last quarter on sales of $163.9 million.
Global Indemnity had an operating margin of close to 4 percent in the last quarter on sales of $100.5 million.
Infinity Property & Casualty had an operating margin of more than 4 percent in the last quarter on sales of $264.2 million.
American Safety Insurance Holdings Ltd. had an operating margin of close to 6 percent in the last quarter on sales of $68.2 million.
SmarTrend, part of Comtex News Network, says a healthy operating margin is required for a company to pay for its fixed costs and to generate cash.
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