Indiana Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $871.7M in premiums in Indiana and ran a 44.7% loss ratio — the 24th-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.

Indiana loss ratio

44.7%

≈ national average

Premiums earned

$871.7M

Underwriting profit

22.1%

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

Getting Workers' Compensation coverage in Indiana

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

Compare Indiana 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.