Financial Overview
State Fund continued to record strong financial results in 2010, writing approximately $1.1 billion dollars in premium and recording net income of $171 million, up from $143 million for the prior year. We also strengthened our balance sheet and capital base through solid investment returns.
We welcome you to review the highlights from the 2010 unaudited financial statements for State Compensation Insurance Fund. The complete statutory annual statement to the Insurance Commissioner of California can be accessed by clicking on the link to the left.
Standard Industry Ratios
| 2010 | 2009 | |
|---|---|---|
| Loss Ratio | 74.9% | 75.3% |
| Loss Adjustment Expense Ratio | 45.9% | 46.0% |
| Underwriting Expense Ratio | 36.5% | 36.4% |
| Combined Ratio | 157.2% | 157.8% |
