North Carolina Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $1.0B in premiums in North Carolina and ran a 43.0% loss ratio — the 24th-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.

North Carolina loss ratio

43.0%

2.0% below national

Premiums earned

$1.0B

Underwriting profit

21.1%

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

Getting Inland Marine coverage in North Carolina

See recent North Carolina rate filings on the North Carolina 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.