California Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $4.3B in premiums in California and ran a 47.6% loss ratio — the 12th-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.

California loss ratio

47.6%

2.6% above national

Premiums earned

$4.3B

Underwriting profit

19.4%

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

Getting Inland Marine coverage in California

See recent California rate filings on the California 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.