Utah Commercial Property Insurance Profitability (2023)

In 2023, Commercial Property insurers earned $151.4M in premiums in Utah and ran a 27.5% loss ratio — the 48th-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.

Utah loss ratio

27.5%

18.5% below national

Premiums earned

$151.4M

Underwriting profit

48.1%

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

Getting Commercial Property coverage in Utah

See recent Utah rate filings on the Utah 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.