Iowa Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $711.3M in premiums in Iowa and ran a 55.5% loss ratio — the 8th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

Iowa loss ratio

55.5%

10.4% above national

Premiums earned

$711.3M

Underwriting profit

6.0%

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

Getting Workers' Compensation coverage in Iowa

See recent Iowa rate filings on the Iowa 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.