West Virginia Inland Marine Insurance Profitability (2023)

In 2023, Inland Marine insurers earned $103.6M in premiums in West Virginia and ran a 33.9% loss ratio — the 48th-highest of 51 states (one of the lowest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

West Virginia loss ratio

33.9%

11.1% below national

Premiums earned

$103.6M

Underwriting profit

31.5%

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

Getting Inland Marine coverage in West Virginia

See recent West Virginia rate filings on the West 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.