California Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $2.9B in premiums in California and ran a 32.7% loss ratio — the 37th-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.

California loss ratio

32.7%

13.3% below national

Premiums earned

$2.9B

Underwriting profit

38.4%

Nationally, Commercial Property ran a 46.0% loss ratio in 2023, so California is below the national average. See how every state compares on the Commercial Property market page.

Getting Commercial Property coverage in California

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

Compare California Commercial Property Quotes →

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