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<div class='html-Content' xmlns="https://www.w3.org/1999/xhtml"> <div class='head-Content'> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8"> <title>State Fund 2018 Annual Report Now Available Online</title> <meta name="keywords" content="State Fund 2018 Annual Report Now Available Online"> <meta name="description" content="State Fund 2018 Annual Report Now Available Online"> <link rel="stylesheet" type="text/css" href="/stylesheets/mobile_styles.css"> <style type="text/css"> <!-- @import url("/stylesheets/statefund_styles.css"); --> </style> <style type="text/css" media="handheld, only screen and (max-device-width: 480px)"> <!-- @import url("/stylesheets/mobile_styles.css"); --> </style> <link href="/stylesheets/statefund_styles.css" rel="stylesheet" type="text/css" media="screen and (min-width: 481px)"> </div> <div class='body-Content' id=""> <div class="topheader"><a href="/index.asp" name="home"><img src="/images/state_fund_logo.gif" alt="state fund logo" border="0" align="left"></a> <div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div> <ul id="accessibility" class="offscreen"> <li><a href="#skipnavigation" accesskey="0">Skip past navigation</a></li> <li><a href="#footer" accesskey="4">Skip to table of contents</a></li> </ul> <div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"></div> <div class="topheaderRight"> <div class="topnav"> <div class="topnavRight"><a href="/index.asp" accesskey="5">Home</a> | <a href="/contact/ContactUs.asp" tabindex="1">Contact us</a></div> <div class="topnavLeft"><a href="/employers/Index.asp" name="Employer">EMPLOYERS</a> | <a href="/broker/Index.asp" name="Broker">BROKERS</a> | <a href="/provider/Index.asp" name="Medical Provider">MEDICAL PROVIDERS</a> | <a href="/employees/Index.asp" name="Employee">EMPLOYEES</a> | <a href="/statecontracts/Index.asp" name="State Contracts">STATE AGENCIES</a></div> </div> <div class="topPhonenumber2"><a href="/CustomerSupport/Index.asp"><strong><font size="4px">Customer Support</font></strong></a><br>888-STATEFUND (888-782-8338)</div> <div class="topMission">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. </div> </div> <br><br><br> </div> <div id="mainNav2"> <div id="mainNav3"> <div class="offscreen"><img src="/images/offscreen_search.gif" alt="" width="250" height="20" align="left"><br> <br> </div><div class="search"> <form name="search" action="https://search.scif.com/StateFundCAsearch.cgi" method="get"><input value="Search" name="query"></form> </div><div class="offscreen"><img src="/images/offscreen_transparency.gif" alt="" width="250" height="20" align="center"><br> </div><ul> <li class='on'><a href='/about/About.asp' name='About'>About</a></li><li><a href='/policy/ObtainAPolicy.asp' name='Obtain a Policy'>Obtain a Policy</a></li><li><a href='/claims/ClaimsSvcs.asp' name='Claims Services'>Claims Services</a></li><li><a href='/safety/SafetyAndSeminars.asp' name='Safety &amp; Seminars'>Safety &amp; Seminars</a></li><li><a href='/forms/Forms.asp' name='Forms'>Forms</a></li><li><a href='/careers/Index.asp' name='Careers'>Careers</a></li> </ul> </div> </div> <a name="skipnavigation"></a> <div class="mainArea"> <div class="subright"> <div class="sidesubsubnav"> <div class="subheadr">News Archive</div> <ul> <li><a href="/news/News2013.asp">2013 &raquo;</a></li><li><a href="/news/News2012.asp">2012 &raquo;</a></li><li><a href="/news/News2011.asp">2011 &raquo;</a></li><li><a href="/news/News2010.asp">2010 &raquo;</a></li><li><a href="/news/News2009.asp">2009 &raquo;</a></li><li><a href="/news/News2008.asp">2008 &raquo;</a></li> </ul> </div> </div> <div class="subleft"> <div id="subNav"> <ul> <li><a href='https://content.statefundca.com//about/history/index.html'>History</a></li><li id='subNavHightlight'><a href='/news/NewsAndMedia.asp'>News & Media Center</a></li><li><a href='/about/Leadership.asp'>Leadership</a></li><li><a href='/about/CodeOfConduct.asp'>Code of Conduct</a></li><li><a href='/about/IntegrityInAction.asp'>Ethics and Privacy Hotline</a></li><li><a href='/about/FAQs.asp'>FAQs</a></li><li><a href='/careers/Index.asp'>Careers</a></li><li><a href='/about/Community.asp'>Living Our Values</a></li><li><a href='/about/VendorGuide.asp'>Procurement</a></li><li><a href='/about/Privacy.asp'>Privacy</a></li><li><a href='/news/cpra/PRO.asp'>Public Records Office</a></li> </ul> </div> </div> <div class="submiddle"> <p>&nbsp;</p> <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> <center> <em>###</em><br> </center> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"> <br> <p><em>Established in 1914 by the state legislature, State Fund is California&rsquo;s most reliable provider of workers&rsquo; compensation insurance and a vital asset to California businesses. State Fund supports California&rsquo;s entrepreneurial spirit and plays a stabilizing role in the economy by providing fairly priced workers&rsquo; 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> </div> <div style="clear:both"></div> </div> <a name="footer"></a> <div class="footerArea"> <div class="footerbg"> <ul> <li> <div class="footerSpacer"></div> <a href="/broker/Index.asp">Brokers</a> <br> <a href="/employers/Index.asp">Employers</a> <br> <a href="/employees/Index.asp">Employees</a> <br> <a href="/fraud/Fraud.asp">Fraud</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/provider/Index.asp">Medical Providers</a> <br> <a href="/statecontracts/Index.asp">State Agencies</a> <br> <a href="/policy/ObtainAPolicy.asp">Obtain a Policy</a> <br> <a href="/about/VendorGuide.asp">Vendor Guide</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/claims/ClaimsSvcs.asp">Claims Services</a> <br> <a href="/safety/SafetyAndSeminars.asp">Safety & Seminars</a> <br> <a href="/forms/Forms.asp">Forms</a> <br> <a href="/about/Community.asp">Community</a> <br> <br> </li> <li> <div class="footerSpacer"></div> <a href="/about/About.asp">About Us</a> <br> <a href="/about/history/index.html">History</a> <br> <a href="/contact/ContactUs.asp">Contact Us</a> <br> <a href="/CustomerSupport/Index.asp">Customer Support</a> <br> <br> </li> </ul> <div style="clear:left"></div> </div> </div> <div class="footerArea" align="center">Copyright &copy; 2000-2021 State Compensation Insurance Fund<br> <a href="/about/TermsOfUse.asp">Website Terms of Use</a>, <a href="/about/PrivacyPolicy.asp">Website Privacy Policy</a> and <a href="/about/SharingDisclosure.asp" target="_blank">Information Sharing Disclosure</a></div> </div> </div>

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