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Established in 1914 by the state legislature, State Fund is California's most reliable provider of workers' compensation insurance and a vital asset to California businesses. State Fund supports California's entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers' compensation insurance, helping California employers keep their workplaces safe, and restoring injured workers.


State Fund 2022 Annual Report Now Available Online

May 12, 2023

Sacramento, CA - State Compensation Insurance Fund (State Fund) has released its 2022 Annual Report.

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:

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

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