Maryland Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $541.6M in premiums in Maryland and ran a 47.1% loss ratio — the 15th-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.

Maryland loss ratio

47.1%

2.1% above national

Premiums earned

$541.6M

Underwriting profit

18.1%

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

Getting Inland Marine coverage in Maryland

See recent Maryland rate filings on the Maryland 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.