NCCI: 2023 Workers' Comp Financial Results 'Stunning'

ORLANDO, Florida — The workers' compensation system continues to perform very strongly, as private insurers produced their 10th consecutive year of underwriting profitability and a combined ratio below 90% for the seventh year in a row, the National Council on Compensation Insurance reported during its Annual Insights Symposium Tuesday. “Workers' compensation continues to have the strongest profitability of all the property/casualty lines,” NCCI Chief Actuary Donna Glenn said during the annual State of the Line report. “It’s pretty stunning ...