NCCI: Comp Net Written Premium Jumped 11.3% in 2022

Net written premium for private workers’ compensation insurers nationwide increased 11.3% in 2022 to $42.5 billion, according to a report released Wednesday by the Boca Raton, Florida-based National Council on Compensation Insurance. Including state funds, 2022 net written premium totaled $47.5 billion, which is unchanged from preliminary figures presented in May during the NCCI’s Annual Insights Symposium in Orlando, Florida. NCCI said it expects this year’s figure to be even higher. The comp combined ratio for 2022 was 84%, marking the sixth consecutive year under 90%, ac...