Maine Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $291.6M in premiums in Maine and ran a 43.4% loss ratio — the 29th-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.

Maine loss ratio

43.4%

1.7% below national

Premiums earned

$291.6M

Underwriting profit

16.4%

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

Getting Workers' Compensation coverage in Maine

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

Compare Maine 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.