New York Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $5.3B in premiums in New York and ran a 45.7% loss ratio — the 21st-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 York loss ratio

45.7%

0.6% above national

Premiums earned

$5.3B

Underwriting profit

14.9%

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

Getting Workers' Compensation coverage in New York

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

Compare New York 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.