West Virginia Workers' Compensation Insurance Profitability (2023)

In 2023, Workers' Compensation insurers earned $265.3M in premiums in West Virginia and ran a 47.3% loss ratio — the 19th-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.

West Virginia loss ratio

47.3%

2.2% above national

Premiums earned

$265.3M

Underwriting profit

13.8%

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

Getting Workers' Compensation coverage in West Virginia

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

Compare West Virginia 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.