Comp Carrier Profitability Grows, More So in Some States

Profitability of workers’ comp insurers in the U.S. last year grew, to 9.5% of net worth, compared to 8.2% of net worth in 2016, but profitability varied by state: from a high of 14.1% in Indiana to a low of 4.2% in the District of Columbia. The data were released last week in a report from the National Association of Insurance Commissioners. Also toward the high end of profitability in 2017 were North Carolina, at 14%, and Delaware, at 13.1%. In addition to the District of Columbia, the bottom three included Maine, at 4.9%, and Idaho, at 5.2%. NAIC calculated return on...