Alabama Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $479.6M in premiums in Alabama and ran a 59.7% 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.

Alabama loss ratio

59.7%

14.7% above national

Premiums earned

$479.6M

Underwriting profit

4.7%

Nationally, Inland Marine ran a 45.0% loss ratio in 2023, so Alabama is above the national average. See how every state compares on the Inland Marine market page.

Getting Inland Marine coverage in Alabama

See recent Alabama rate filings on the Alabama rate page, learn how Inland Marine works in our Inland Marine 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.