Minnesota Medical Professional Liability Insurance Profitability (2023)

In 2023, Medical Professional Liability insurers earned $103.4M in premiums in Minnesota and ran a 68.1% loss ratio — the 14th-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.

Minnesota loss ratio

68.1%

10.5% above national

Premiums earned

$103.4M

Underwriting profit

-20.4%

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

Getting Medical Professional Liability coverage in Minnesota

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

Compare Minnesota 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.