South Carolina Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $557.3M in premiums in South Carolina and ran a 44.3% loss ratio — the 19th-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.

South Carolina loss ratio

44.3%

0.7% below national

Premiums earned

$557.3M

Underwriting profit

15.8%

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

Getting Inland Marine coverage in South Carolina

See recent South Carolina rate filings on the South 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.