North Carolina Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $1.5B in premiums in North Carolina and ran a 46.8% loss ratio — the 20th-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.

North Carolina loss ratio

46.8%

1.7% above national

Premiums earned

$1.5B

Underwriting profit

17.2%

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

Getting Workers' Compensation coverage in North Carolina

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

Compare North Carolina 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.