While a number of commercial lines segments' profits improved in 2018, property segments, due to reduced catastrophe-related losses, and workers' compensation touted the lowest combined ratio of any major segment at 86.4%. (Credit: NicoElNino/Shutterstock)
The U.S. workers' compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals, according to Fitch Ratings. The industry's statutory combined ratio fell to 86% in 2018 and has averaged 93% annually since 2015.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
