West Virginia Commercial Multiple Peril Insurance Profitability (2023)

In 2023, Commercial Multiple Peril insurers earned $261.5M in premiums in West Virginia and ran a 57.8% loss ratio — the 25th-highest of 51 states (a mid-range loss ratio for the line).

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

West Virginia loss ratio

57.8%

4.8% below national

Premiums earned

$261.5M

Underwriting profit

-1.5%

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

Getting Commercial Multiple Peril coverage in West Virginia

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

Compare West Virginia 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.