South Carolina Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $898.3M in premiums in South Carolina and ran a 44.1% loss ratio — the 26th-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.

South Carolina loss ratio

44.1%

1.0% below national

Premiums earned

$898.3M

Underwriting profit

19.2%

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

Getting Workers' Compensation coverage in South Carolina

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

Compare South Carolina 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.