Pennsylvania Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $159.5M in premiums in Pennsylvania and ran a 147.2% loss ratio — the 1st-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.
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Pennsylvania is above the national average. See how every state compares on the Product Liability market page.
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A higher loss ratio means carriers paid out more of each premium dollar in claims, which tends to push Pennsylvania product liability rates up and thin the field of carriers competing for the business; a lower one signals a more profitable, more competitive market. With a 98.7% underwriting loss, Pennsylvania carriers relied on investment income to make the line work in 2023 — a sign of rate pressure ahead. Counting investment income, carriers earned a -40.8% profit on product liability insurance transactions in Pennsylvania in 2023 — NAIC's broadest profitability measure for the line. Either way, these are industry aggregates — your own product liability rate depends on your business, and the only way to see it is to compare filed rates and real quotes.
Pennsylvania's $159M in product liability premiums is the 7th-largest of the 51 states NAIC reports for the line. Across those states, loss ratios span from 147.2% in Pennsylvania — the toughest market for carriers — down to -4.5% in Delaware, the most profitable; Pennsylvania's 147.2% places it 1st of 51. For buyers, a state near the top of that spread usually means firmer product liability pricing and fewer competing carriers, while a state near the bottom tends to run softer and more competitive. By premium, Pennsylvania is about 3.7% of the $4.3B national product liability market, and its loss-ratio rank places it in the toughest quartile of states for carrier profitability — context that shapes how aggressively carriers compete for Pennsylvania product liability business.
Key takeaways
- Pennsylvania product liability: $159M in 2023 premiums at a 147.2% loss ratio (NAIC).
- That ranks Pennsylvania 1st of 51 states by loss ratio for the line — carriers struggle here.
- These are industry aggregates, not a quote — your product liability rate depends on your business; compare filed rates and real quotes.
Getting Product Liability coverage in Pennsylvania
See recent Pennsylvania rate filings on the Pennsylvania rate page, learn how Product Liability works in our Product Liability guide, then compare real quotes for your business.
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