Michigan Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $484.9M in premiums in Michigan and ran a 42.1% loss ratio — the 27th-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.

Michigan loss ratio

42.1%

3.9% below national

Premiums earned

$484.9M

Underwriting profit

31.5%

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

Getting Commercial Property coverage in Michigan

See recent Michigan rate filings on the Michigan rate page, learn how Commercial Property works in our Commercial Property 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.