South Carolina Commercial Multiple Peril Insurance Profitability (2023)

In 2023, Commercial Multiple Peril insurers earned $794.8M in premiums in South Carolina and ran a 49.1% loss ratio — the 41st-highest of 51 states (one of the lowest loss ratio for the line).

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

South Carolina loss ratio

49.1%

13.5% below national

Premiums earned

$794.8M

Underwriting profit

6.8%

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

Getting Commercial Multiple Peril coverage in South Carolina

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

Compare South Carolina 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.