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<h1>State Fund 2018 Annual Report Now Available Online</h1>
<h3>April 11, 2019</h3>
<p>(Pleasanton, CA) – State Compensation Insurance Fund’s <a href="/AnnualReports/2018/AnnualReport.html">2018 Annual Report</a>* is now available. Important financial highlights include:</p>
<ul>
<li>Net income of $187 million, up from $40 million the previous year.</li>
<li>Earned net premiums of $1.3 billion.</li>
<li>Combined ratio of 134.7 percent—about 15 points lower than the previous year.</li>
</ul>
<p>“State Fund’s financial position remained strong in 2018, allowing us to continue to deliver on our purpose—providing fairly priced workers’ compensation insurance, helping keep workplaces safe, and restoring injured workers,” said Vern Steiner, President & CEO.</p>
<p>In his <a href="/AnnualReports/2018/PresidentsLetter.html">president’s letter</a> accompanying the financial report, Steiner also discusses how State Fund is driving improvements in a number of business areas including a new Innovation Design Center, an expanded workplace safety website, and enhanced online policy services.</p>
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<p><em>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.</em></p>
<p>*State Fund’s Annual Report is best viewed using Chrome.</p>
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