North Dakota Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $18.0M in premiums in North Dakota and ran a 61.8% loss ratio — the 18th-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 Dakota loss ratio
61.8%
12.5% above national
Premiums earned
$18.0M
Underwriting profit
-1.6%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so North Dakota is above the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in North Dakota
See recent North Dakota rate filings on the North Dakota 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.