Michigan General Liability Insurance Profitability (2023)

In 2023, General Liability insurers earned $2.1B in premiums in Michigan and ran a 43.1% loss ratio — the 47th-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.

Michigan loss ratio

43.1%

17.1% below national

Premiums earned

$2.1B

Underwriting profit

9.6%

Nationally, General Liability ran a 60.2% loss ratio in 2023, so Michigan is below the national average. See how every state compares on the General Liability market page.

Getting General Liability coverage in Michigan

See recent Michigan rate filings on the Michigan rate page, learn how General Liability works in our General Liability 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.