The NAIC Report on Profitability by Line by State noted findings are not determinations of “whether current rates are adequate to cover future costs.”

The report stated insurance companies incurred $56.1 million in losses in 2020.

California earned the highest profitability with $30.3 billion. Insurance companies in Texas earned $22.7 billion.

On the lower end, Vermont insurance companies earned $386.5 million. Colorado brought in $5.3 million.

Insured drivers in Alaska paid $506 million in 2020, and Washington, D.C., drivers paid $376.8 million.

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