In his letter accompanying the financial report, State Fund President & CEO Vernon Steiner discusses the organization’s new technology initiatives including a digital quote and bind platform for brokers, how State Fund’s remote work environment allows the hiring and retention of top California talent, and the highest policyholder customer satisfaction and customer effort scores since they have been measured.

Important financial results for the 2022 calendar year include:

• Earned premiums of $1,175 million
• Combined ratio of 134.4%
• Net income of $181 million

Read the full report.

###

State Fund is California’s leading provider of workers’ compensation insurance. Not for profit and funded solely by premiums and investment income, we’ve supported California’s entrepreneurial spirit and played a vital role in the state’s economy for more than 100 years. By innovating in areas such as workplace safety and injured worker care, we’re committed to serving California for the next 100 as well. To learn more or get a quote, contact your broker or visit www.StateFundCA.com.