Alabama Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $456.1M in premiums in Alabama and ran a 42.5% loss ratio — the 31st-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.

Alabama loss ratio

42.5%

2.6% below national

Premiums earned

$456.1M

Underwriting profit

19.4%

Nationally, Workers' Compensation ran a 45.1% loss ratio in 2023, so Alabama is below the national average. See how every state compares on the Workers' Compensation market page.

Getting Workers' Compensation coverage in Alabama

See recent Alabama rate filings on the Alabama rate page, learn how Workers' Compensation works in our Workers' Compensation guide, then compare real quotes for your business.

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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.