Illinois Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $2.6B in premiums in Illinois and ran a 55.9% loss ratio — the 7th-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.

Illinois loss ratio

55.9%

10.8% above national

Premiums earned

$2.6B

Underwriting profit

6.7%

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

Getting Workers' Compensation coverage in Illinois

See recent Illinois rate filings on the Illinois 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.