South Dakota Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $194.1M in premiums in South Dakota and ran a 65.3% loss ratio — the 2nd-highest of 51 states (one of the highest loss ratio for the line).

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

South Dakota loss ratio

65.3%

20.2% above national

Premiums earned

$194.1M

Underwriting profit

-4.2%

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

Getting Workers' Compensation coverage in South Dakota

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

Compare South Dakota 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.