Washington Product Liability Insurance Profitability (2023)
In 2023, Product Liability insurers earned $104.5M in premiums in Washington and ran a 66.8% loss ratio — the 14th-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.
Washington loss ratio
66.8%
17.5% above national
Premiums earned
$104.5M
Underwriting profit
-14.0%
Nationally, Product Liability ran a 49.3% loss ratio in 2023, so Washington is above the national average. See how every state compares on the Product Liability market page.
Getting Product Liability coverage in Washington
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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.