Ohio Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $157.4M in premiums in Ohio and ran a 31.4% loss ratio — the 37th-highest of 51 states (one of the lowest loss ratio for the line).
Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.
Ohio loss ratio
31.4%
17.9% below national
Premiums earned
$157.4M
Underwriting profit
33.6%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Ohio is below the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in Ohio
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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.