Tennessee Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $860.2M in premiums in Tennessee and ran a 40.1% loss ratio — the 39th-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.

Tennessee loss ratio

40.1%

5.0% below national

Premiums earned

$860.2M

Underwriting profit

23.4%

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

Getting Workers' Compensation coverage in Tennessee

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

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Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.