Massachusetts Product Liability Insurance Profitability (2023)

In 2023, Product Liability insurers earned $148.0M in premiums in Massachusetts and ran a 48.2% loss ratio — the 26th-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.

Massachusetts loss ratio

48.2%

1.1% below national

Premiums earned

$148.0M

Underwriting profit

8.7%

Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Massachusetts is below the national average. See how every state compares on the Product Liability market page.

Getting Product Liability coverage in Massachusetts

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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.