New Mexico Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $16.0M in premiums in New Mexico and ran a 62.0% loss ratio — the 17th-highest of 51 states (one of the highest loss ratio for the line).
Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.
New Mexico loss ratio
62.0%
12.7% above national
Premiums earned
$16.0M
Underwriting profit
-17.8%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so New Mexico is above the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in New Mexico
See recent New Mexico rate filings on the New Mexico rate page, then compare real quotes for your business.
Compare New Mexico Product Liability Quotes →
Data: NAIC 2023 Report on Profitability by Line by State (public). See our
data methodology. Figures are industry aggregates, not a quote.