South Dakota Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $104.0M in premiums in South Dakota and ran a 51.5% loss ratio — the 6th-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.

South Dakota loss ratio

51.5%

6.5% above national

Premiums earned

$104.0M

Underwriting profit

14.3%

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

Getting Inland Marine coverage in South Dakota

See recent South Dakota rate filings on the South Dakota 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.