New York Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $1.4B in premiums in New York and ran a 36.6% loss ratio — the 31st-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 York loss ratio

36.6%

9.4% below national

Premiums earned

$1.4B

Underwriting profit

34.2%

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

Getting Commercial Property coverage in New York

See recent New York rate filings on the New York 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.