NYSIF Sees Growth in Underwriting, Investment Income

The New York State Insurance Fund’s net income was $811 million last year, up from $519 million in 2015, according to an annual report released this week. Net written premium held steady at $2.44 billion in 2016. Underwriting profit was $569 million, up from $319 million in 2015, while net investment income grew to $646 million, from $616 million in 2015. The figures are for the workers’ compensation fund; NYSIF also runs a disability fund. Total admitted assets of $17.6 billion in 2016 were an increase from $16.6 billion in the prior year. And total surplus of $4.5 billion was u...