Florida Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $2.5B in premiums in Florida and ran a 30.9% loss ratio — the 43rd-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.

Florida loss ratio

30.9%

15.1% below national

Premiums earned

$2.5B

Underwriting profit

39.4%

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

Getting Commercial Property coverage in Florida

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

Compare Florida 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.