Massachusetts Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $1.4B in premiums in Massachusetts and ran a 53.7% loss ratio — the 10th-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.

Massachusetts loss ratio

53.7%

8.6% above national

Premiums earned

$1.4B

Underwriting profit

8.9%

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

Getting Workers' Compensation coverage in Massachusetts

See recent Massachusetts rate filings on the Massachusetts 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.