Minnesota Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $1.0B in premiums in Minnesota and ran a 44.6% loss ratio — the 25th-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.

Minnesota loss ratio

44.6%

≈ national average

Premiums earned

$1.0B

Underwriting profit

20.8%

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

Getting Workers' Compensation coverage in Minnesota

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

Compare Minnesota 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.