Florida Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $2.5B in premiums in Florida and ran a 43.9% loss ratio — the 21st-highest of 51 states (a mid-range loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

Florida loss ratio

43.9%

1.1% below national

Premiums earned

$2.5B

Underwriting profit

21.5%

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

Getting Inland Marine coverage in Florida

See recent Florida rate filings on the Florida 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.