Rhode Island Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $119.9M in premiums in Rhode Island and ran a 42.6% loss ratio — the 25th-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.

Rhode Island loss ratio

42.6%

2.4% below national

Premiums earned

$119.9M

Underwriting profit

21.6%

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

Getting Inland Marine coverage in Rhode Island

See recent Rhode Island rate filings on the Rhode Island rate page, learn how Inland Marine works in our Inland Marine guide, then compare real quotes for your business.

Compare Rhode Island Inland Marine Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.