Ohio Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $100.8M in premiums in Ohio and ran a -3.9% loss ratio — the 51st-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.

Ohio loss ratio

-3.9%

49.0% below national

Premiums earned

$100.8M

Underwriting profit

69.2%

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

Getting Workers' Compensation coverage in Ohio

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

Compare Ohio 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.