New Mexico Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $79.0M in premiums in New Mexico and ran a 43.9% loss ratio — the 25th-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.

New Mexico loss ratio

43.9%

2.1% below national

Premiums earned

$79.0M

Underwriting profit

27.9%

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

Getting Commercial Property coverage in New Mexico

See recent New Mexico rate filings on the New Mexico 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.