North Carolina Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $513.0M in premiums in North Carolina and ran a 42.1% loss ratio — the 26th-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.

North Carolina loss ratio

42.1%

3.9% below national

Premiums earned

$513.0M

Underwriting profit

30.8%

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

Getting Commercial Property coverage in North Carolina

See recent North Carolina rate filings on the North Carolina 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.