New Mexico Commercial Multiple Peril Insurance Profitability (2023)

In 2023, Commercial Multiple Peril insurers earned $315.6M in premiums in New Mexico and ran a 73.2% loss ratio — the 10th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

New Mexico loss ratio

73.2%

10.6% above national

Premiums earned

$315.6M

Underwriting profit

-21.0%

Nationally, Commercial Multiple Peril ran a 62.6% loss ratio in 2023, so New Mexico is above the national average. See how every state compares on the Commercial Multiple Peril market page.

Getting Commercial Multiple Peril coverage in New Mexico

See recent New Mexico rate filings on the New Mexico rate page, learn how Commercial Multiple Peril works in our Commercial Multiple Peril guide, then compare real quotes for your business.

Compare New Mexico Commercial Multiple Peril Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.