Michigan Medical Professional Liability Insurance Profitability (2023)

In 2023, Medical Professional Liability insurers earned $249.6M in premiums in Michigan and ran a 47.9% loss ratio — the 32nd-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.

Michigan loss ratio

47.9%

9.7% below national

Premiums earned

$249.6M

Underwriting profit

4.2%

Nationally, Medical Professional Liability ran a 57.6% loss ratio in 2023, so Michigan is below the national average. See how every state compares on the Medical Professional Liability market page.

Getting Medical Professional Liability coverage in Michigan

See recent Michigan rate filings on the Michigan rate page, learn how Medical Professional Liability works in our Medical Professional Liability guide, then compare real quotes for your business.

Compare Michigan Medical Professional Liability Quotes →

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