According to AdvisorSmith, the average profitability over the last five years for property and casualty insurance was 7%, and in 2019, the industry had approximately $687.5 billion in direct written premiums. To compile this information, AdvisorSmith looked at 19 lines of property and casualty insurance across all 50 U.S. states and the District of Columbia to determine the most profitable lines of insurance, and which states are bringing in the largest P&C profits. Profitability was determined relative to the net worth of each insurance company. When it comes to lines of insurance, they found mortgage guaranty to be the most profitable at 30.5%, followed by inland marine (20.2%) and fire (13.6%). The least profitable was commercial auto liability (1%), followed by accident and health (1.7%) and commercial auto total (1.7%). The slideshow above explores which states see the most profit across all P&C lines, according to AdvisorSmith's data.

Related:

|

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

Commercial Lines
Personal Lines
Commercial Lines
Personal Lines