New Mexico General Liability Insurance Profitability (2023)

In 2023, General Liability insurers earned $389.0M in premiums in New Mexico and ran a 104.1% loss ratio — the 1st-highest of 51 states (one of the highest 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

104.1%

43.9% above national

Premiums earned

$389.0M

Underwriting profit

-47.7%

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

Getting General Liability coverage in New Mexico

See recent New Mexico rate filings on the New Mexico rate page, learn how General Liability works in our General Liability guide, then compare real quotes for your business.

Compare New Mexico General Liability Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.