Florida Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $343.4M in premiums in Florida and ran a 56.0% loss ratio — the 20th-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.
Florida loss ratio
56.0%
6.7% above national
Premiums earned
$343.4M
Underwriting profit
-7.8%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Florida is above the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in Florida
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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.