Year End Financial Report

I'm pleased to share State Fund's 2010 Annual Report and proud to say that State Fund remains a strong and stable provider of workers' compensation insurance
for the state of California.

More than 160,000 employers entrusted their workers' compensation insurance needs to us last year. We
had a strong 2010 and look forward to fulfilling
our commitment to California's employers and
injured workers in 2011 and beyond.


Together, we'll help keep California working.