North Carolina Product Liability Insurance Profitability (2023)

In 2023, Product Liability insurers earned $137.5M in premiums in North Carolina and ran a 52.5% loss ratio — the 23rd-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.

North Carolina loss ratio

52.5%

3.2% above national

Premiums earned

$137.5M

Underwriting profit

-5.2%

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

Getting Product Liability coverage in North Carolina

See recent North Carolina rate filings on the North Carolina rate page, then compare real quotes for your business.

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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.