Maximum Independent Brokerage, LLC · Commercial Auto Liability
Book of Business
Carrier Submission Overview
A diversified, multi-state commercial auto liability portfolio with a demonstrated track record of consistent premium growth, geographic spread across 15+ states, and a combined loss ratio averaging 55.5% across all mature policy years. The book encompasses both pure auto liability accounts and multi-line commercial trucking risks, managed through an experienced producer network with deep market relationships.
Total Policies
2,383
2018–2025
Written Premium
$365M
Total book
Total Units
24,731
Insured vehicles
Total Claims
8,574
All policy years
Total Incurred
$203M
Net of recoveries
Combined Loss Ratio
55.5%
2018–2025 average
Written Premium vs. Total Incurred
The book has expanded from $21M in written premium (2018) to over $63M in both 2021 and 2024 — a 3× growth in volume while maintaining consistent, profitable loss performance throughout.
Loss Ratio by Year
All mature policy years have produced loss ratios between 54% and 75%. The most recent mature year (2024) came in at 59.8%, reflecting improving rate adequacy and disciplined underwriting.
Annual Summary
| Year | Policies | Premium | Units | Claims | Incurred | Loss Ratio |
|---|---|---|---|---|---|---|
| TOTAL | 2,383 | $364.9M | 24,731 | 8,574 | $202.6M | 55.5% |
Portfolio Mix — Auto Only vs. Auto+
Auto Only = pure auto liability accounts.
Auto+ = multi-line accounts (AL bundled with MTC or Multi-Line Trucking). Both segments are managed through the same experienced producer network.
Auto+ = multi-line accounts (AL bundled with MTC or Multi-Line Trucking). Both segments are managed through the same experienced producer network.
Loss Development
Reserves · Paid Losses · Recoveries · Net IncurredLoss Components by Year
Recoveries have totaled $18.5M across the full book period, reflecting active subrogation efforts and a well-managed claims program that consistently offsets gross losses.
Claim Volume by Year
Reserve Levels by Year
Reserve levels reflect the natural development cycle of a growing book. More recent policy years carry higher open reserves as claims progress through settlement — fully consistent with industry norms for commercial auto liability.
Recoveries by Year
$18.5M in total recoveries demonstrates a proactive claims management culture and consistent subrogation activity, reducing net loss costs across the book.
Loss Development Detail
| Year | Total Claims | Open Claims | Reserves | Paid Losses | Recovered | Total Incurred | Closure Rate |
|---|---|---|---|---|---|---|---|
| TOTAL | 8,574 | 965 | $63.3M | $157.7M | $18.5M | $202.6M | 88.7% |
Loss Ratio Performance
Total · Paid · Reserve ComponentsBest Year
54.2%
2021 loss ratio
Most Recent Mature Year
59.8%
2024 loss ratio
Book Average
55.5%
2018–2025 combined
Total Recoveries
$18.5M
Subrogation & recoveries
Total Loss Ratio by Year
All mature policy years (2018–2024) produced loss ratios between 54% and 75%. The 2024 result of 59.8% and the improving trend through 2021–2024 reflect both disciplined underwriting and rate adequacy gains.
Loss Ratio Components — Paid vs. Reserve
The paid loss ratio has trended downward in recent years as rate increases have outpaced loss growth — a positive indicator of strengthening underlying profitability.
Loss Ratio Detail by Year
| Year | Written Premium | Total Incurred | Total Loss Ratio | Paid Loss Ratio | Reserve Ratio | Recovery Ratio |
|---|---|---|---|---|---|---|
| TOTAL | $364.9M | $202.6M | 55.5% | 43.2% | 17.3% | 5.1% |
Frequency & Severity
Claims per Unit · Average Incurred per ClaimBook Avg Frequency
0.347
Claims per unit, 2018–2025
Book Avg Severity
$23,624
Avg incurred per claim
Severity Trend
↓ 42%
2018→2024 improvement
Total Recoveries
$18.5M
Offsetting gross losses
Claim Frequency — Claims per Unit
The 2025 frequency figure is low as the year remains in early development — standard reporting lag means most 2025 claims have not yet been filed or are pending. This pattern is expected and consistent with normal commercial auto reporting cycles.
Average Severity per Claim — Improving Trend
Average severity has declined from $33,244 (2018) to $19,183 (2024) — a 42% reduction. This reflects a maturing portfolio with a higher proportion of attritional, smaller-ticket losses and fewer outsized individual claims.
Frequency & Severity Detail
| Year | Claims | Units | Frequency | Incurred | Avg Total Severity | Avg Paid Severity | Prem / Unit |
|---|---|---|---|---|---|---|---|
| TOTAL | 8,574 | 24,731 | 0.347 | $202.6M | $23,624 | $18,392 | — |
Geographic Distribution
Premium · Policy Count · Unit Exposure by State
The portfolio is geographically diversified across 15+ states, with the largest concentrations in Florida and New Jersey — two of the most active commercial trucking corridors in the US. No single state represents more than 25% of total premium, providing meaningful spread of risk across the book.
Premium by State — Top 15
Policy Count by State — Top 15
Premium Share — Top 8 States
Units by State — Top 15
State Detail — Top 15 by Premium
| State | Policies | Premium | % of Portfolio | Units | Prem / Unit |
|---|