State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Dec. 31, 2024.
This dividend equals roughly 15% of the estimated annual premium reported during that period. In 2024, State Fund reported roughly $993 million in estimated annual premium and netted $572 million in investment income.
State Fund policyholders eligible for the 2024 dividend will begin to receive payments after the expiration date of their individual policies.
State Fund, California’s provider of workers’ compensation insurance, has declared more than $630 million in dividends over the past six years. The not-for-profit is funded by premiums and investment income.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed 
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off 
Georgia Insurance Law Is About to Get an Upgrade With Multiple Changes 
