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) 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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Workers' Comp