South Carolina Product Liability Insurance Profitability (2023)

In 2023, Product Liability insurers earned $74.6M in premiums in South Carolina and ran a 95.7% loss ratio — the 5th-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.

South Carolina loss ratio

95.7%

46.4% above national

Premiums earned

$74.6M

Underwriting profit

-59.6%

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

Getting Product Liability coverage in South Carolina

See recent South Carolina rate filings on the South 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.