Virginia Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $762.0M in premiums in Virginia and ran a 42.4% loss ratio — the 27th-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.

Virginia loss ratio

42.4%

2.6% below national

Premiums earned

$762.0M

Underwriting profit

22.2%

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

Getting Inland Marine coverage in Virginia

See recent Virginia rate filings on the Virginia 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.