California Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $12.0B in premiums in California and ran a 41.5% loss ratio — the 34th-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.

California loss ratio

41.5%

3.6% below national

Premiums earned

$12.0B

Underwriting profit

16.5%

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

Getting Workers' Compensation coverage in California

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

Compare California Workers' Compensation Quotes →

Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.