Virginia Commercial Multiple Peril Insurance Profitability (2023)

In 2023, Commercial Multiple Peril insurers earned $1.1B in premiums in Virginia and ran a 40.8% loss ratio — the 48th-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.

Virginia loss ratio

40.8%

21.8% below national

Premiums earned

$1.1B

Underwriting profit

19.3%

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

Getting Commercial Multiple Peril coverage in Virginia

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

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