Utah Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $63.6M in premiums in Utah and ran a 46.3% loss ratio — the 28th-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.
Utah loss ratio
46.3%
3.0% below national
Premiums earned
$63.6M
Underwriting profit
8.8%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Utah is below the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in Utah
See recent Utah rate filings on the Utah rate page, then compare real quotes for your business.
Compare Utah 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.