New Jersey Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $2.7B in premiums in New Jersey and ran a 41.9% loss ratio — the 33rd-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.

New Jersey loss ratio

41.9%

3.2% below national

Premiums earned

$2.7B

Underwriting profit

16.3%

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

Getting Workers' Compensation coverage in New Jersey

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

Compare New Jersey 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.