New Mexico Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $159.3M in premiums in New Mexico and ran a 47.2% loss ratio — the 14th-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.

New Mexico loss ratio

47.2%

2.2% above national

Premiums earned

$159.3M

Underwriting profit

15.0%

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

Getting Inland Marine coverage in New Mexico

See recent New Mexico rate filings on the New Mexico 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.