Rhode Island Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $235.0M in premiums in Rhode Island and ran a 48.5% loss ratio — the 18th-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.

Rhode Island loss ratio

48.5%

3.4% above national

Premiums earned

$235.0M

Underwriting profit

7.0%

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

Getting Workers' Compensation coverage in Rhode Island

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

Compare Rhode Island 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.