New Mexico Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $311.7M in premiums in New Mexico and ran a 35.4% loss ratio — the 42nd-highest of 51 states (one of the lowest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

New Mexico loss ratio

35.4%

9.7% below national

Premiums earned

$311.7M

Underwriting profit

30.2%

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

Getting Workers' Compensation coverage in New Mexico

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

Compare New Mexico 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.