In his letter accompanying the financial report, State Fund President & CEO Vernon Steiner discusses the organization’s new technology initiatives including a digital quote and bind platform for brokers, how State Fund’s remote work environment allows the hiring and retention of top California talent, and the highest policyholder customer satisfaction and customer effort scores since they have been measured.

Important financial results for the 2022 calendar year include:

• Earned premiums of $1,175 million
• Combined ratio of 134.4%
• Net income of $181 million

Read the full report.