New Jersey Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $594.0M in premiums in New Jersey and ran a 32.2% loss ratio — the 38th-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.

New Jersey loss ratio

32.2%

13.8% below national

Premiums earned

$594.0M

Underwriting profit

41.0%

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

Getting Commercial Property coverage in New Jersey

See recent New Jersey rate filings on the New Jersey 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.