New Jersey Medical Professional Liability Insurance Profitability (2023)

In 2023, Medical Professional Liability insurers earned $546.6M in premiums in New Jersey and ran a 41.9% loss ratio — the 37th-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.

New Jersey loss ratio

41.9%

15.7% below national

Premiums earned

$546.6M

Underwriting profit

13.9%

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

Getting Medical Professional Liability coverage in New Jersey

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

Compare New Jersey 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.