WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium

In 2025, California's workers' compensation losses and expenses reached $15.7 billion, marking a significant increase from the previous year's 99% of earned premium. This jump to 102% indicates a troubling trend for the industry, suggesting that the costs are outpacing premium income, which could lead to higher insurance rates for businesses. The implications are substantial, as this could affect employers' operational costs and potentially lead to regulatory changes to address the growing financial strain on insurers.