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[]
[]
[]
[]
["Trend Information"]
["North Carolina April 1, 2026 Filing"]
["Introduction"]
[]
[]
["The Trend Information exhibit provides frequency and severity calculations associated with each jurisdiction's loss cost/rate filing trend analysis. The exhibit also provides loss ratios for trend analysis, which are calculated as the product of frequency and severity. The loss ratios shown may not reconcile to the loss ratio trend data in the applicable experience filing due to a different algebraic order of operations and the use of different carrier data matching logic applied to the frequency and severity data. "]
[]
["The data is provided on both a policy year and calendar-accident year basis. All of the data shown is as of the latest valuation date, December 31, 2024."]
[]
["Note: The information shown in the Trend Information exhibit is provided for informational purposes only. NCCI makes no warranty that any of the loss development factors, on-level factors, wage adjustment factors or any other information provided is suitable for application to an individual carrier's data."]
[]
["ACCESS AND USE OF THESE NCCI MATERIALS ARE GOVERNED BY A LEGAL AGREEMENT BETWEEN NCCI AND THE END USER. YOU MAY NOT USE THESE MATERIALS UNLESS YOU HAVE ENTERED INTO AN AGREEMENT WITH NCCI. THESE MATERIALS ARE BEING PROVIDED FOR YOUR INTERNAL USE ONLY. NCCI DOES NOT HAVE ANY CONTROL OVER THE CONDITIONS UNDER WHICH YOU MAY USE THEM. THEREFORE, NCCI CANNOT AND DOES NOT WARRANT THE RESULTS OR  CONCLUSIONS THAT MAY BE DERIVED OR OBTAINED BY YOU  THROUGH YOUR LICENSED USE  OF THESE MATERIALS  OR YOUR ABILITY OR INABILITY TO USE THEM.  NCCI EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND INCLUDING ANY AND ALL EXPRESS, STATUTORY AND THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE WITH THE MATERIALS BEING PROVIDED ON AN “AS IS” BASIS. "]
[]
["© Copyright 2025 National Council on Compensation Insurance, Inc. All Rights Reserved."]

{"sheet":"Definitions","index":1,"n_rows":50,"n_cols":1,"rows_kept":50,"cut":false,"hidden":false,"merged":[],"flags":["formulas_cached_only"]}
[]
[]
[]
[]
["Trend Information"]
["North Carolina April 1, 2026 Filing"]
["Definitions"]
[]
["Accident Year (AY)—A loss accounting definition in which experience is summarized by the calendar year in which an accident occurred."]
[]
["Audit Adjustment Factor—A factor to adjust calendar year earned premium to remove the impact of unusual premium audit activity. The adjustment factor is calculated by re-allocating audit premium to match the period of loss exposure."]
[]
["Calendar Year (CY)"]
["1.   The 12-month period beginning January 1 and ending December 31."]
["2.   Method of accounting for all financial transactions occurring during a specific year."]
[]
["Case Reserves—Reserves that an insurance company establishes for specific (known) claims."]
[]
["DSR Premium (commonly referred to as DSR Level Premium)—The standard earned premium that would result if business were written at a common benchmark level known as the designated statistical reporting level (e.g., NCCI state-approved loss costs or rates)."]
[]
["Frequency—The number of workplace injuries resulting in lost-time claims per million dollars of on-leveled, wage-adjusted premium."]
[]
["Incurred Claim Count—The total of all claims reported, whether open or closed, as of a given valuation date. An indemnity claim is associated with a payment or case reserve for an indemnity loss (i.e., lost work time-related benefits) and excludes claims closed without an indemnity payment."]
[]
["Limited Losses—Losses that result after the application of NCCI's large loss procedure (in which individual large claims are limited to state- and year-specific large loss thresholds). "]
[]
["Loss Ratio—A measure of losses relative to premium. In this exhibit, loss ratios are calculated as the product of frequency and severity. "]
[]
["On-Level Factor—Applied to historical policy and accident year premiums and losses to adjust the historical experience to reflect approved loss cost and rate level changes as well as statutory benefit level changes implemented since that time period."]
[]
["Paid+Case Losses—The sum of paid losses and case reserves. Also known as case-incurred losses."]
[]
["Paid Losses—Losses that an insurance company has paid as a result of claim activity."]
[]
["Policy Year"]
["1.   The one-year period beginning with the effective date or anniversary of a policy."]
["2.   A premium and loss accounting definition in which experience is summarized for all policies with effective dates in a given calendar year period."]
[]
["Severity—The average indemnity or medical cost per lost-time claim."]
[]
["Ultimate Development Factor—For an aggregation of data, an estimate of the development that will occur"]
["between the data's current valuation date and the time period when all claims are closed. For example, an ultimate loss development factor applied to Policy Year 2023 reported losses represents an estimate of the Policy Year 2023 ultimate losses."]
[]
["Unlimited Losses—Losses that have not been adjusted to reflect NCCI's large loss procedure (see Limited Losses)."]
[]
["Valuation Date—The date that premiums and losses are valued for reporting purposes. Premiums and losses change over time from initial estimates to final values (other than calendar year statistics). Therefore, interim snapshots have associated valuation dates."]
[]
["Wage Level Adjustment Factor—Ratio of the average workers’ wage during the most recent policy year period to the average workers’ wage during a historical time period."]
[]
["© Copyright 2025 National Council on Compensation Insurance, Inc. All Rights Reserved."]

{"sheet":"PY Information","index":2,"n_rows":126,"n_cols":12,"rows_kept":126,"cut":false,"hidden":false,"merged":[[3,0,3,11]],"flags":["formulas_cached_only"]}
[null,"Trend Information"]
[null,"North Carolina April 1, 2026 Filing"]
[null,"Limited–Statewide–Private Carrier–Policy \nYear",{"$nulls":9},""]
[""]
["Lost-Time Claim Frequency and Severity–Based on Data in Excess of Wage Inflation"]
[1,2,3,4,5,6,7,8,null,9,10,11]
[]
[null,"Claim Freq","Indemnity Severity",null,null,"Medical Severity",null,null,null,"Annual Percentage Change"]
["Policy \nYear","per Million\nOn-level\n Premium","Paid ","Paid + \nCase","Average\nPd/P+C","Paid ","Paid + \nCase","Average\nPd/P+C",null,"Claim Frequency","Ind Severity \n(Avg Paid & P+C)","Med Severity \n(Avg Paid & P+C)"]
[2009,20.216,55538,55108,55323,46426,46742,46584]
[2010,20.742,53440,53662,53551,47145,47069,47107,null,0.026,-0.032,0.011]
[2011,20.906,48646,47617,48131,45044,43818,44431,null,0.008,-0.101,-0.057]
[2012,19.652,45991,45101,45546,44323,43125,43724,null,-0.06,-0.054,-0.016]
[2013,19.074,44695,43722,44208,39625,38187,38906,null,-0.029,-0.029,-0.11]
[2014,18.58,42766,42043,42404,38248,36812,37530,null,-0.026,-0.041,-0.035]
[2015,17.631,40884,40120,40502,37416,36029,36723,null,-0.051,-0.045,-0.022]
[2016,17.12,38680,38250,38465,33602,32260,32931,null,-0.029,-0.05,-0.103]
[2017,16.605,38734,37927,38331,32869,31542,32206,null,-0.03,-0.003,-0.022]
[2018,16.262,39649,38863,39256,34808,33578,34193,null,-0.021,0.024,0.062]
[2019,14.704,41531,40813,41172,36645,35642,36143,null,-0.096,0.049,0.057]
[2020,15.004,38458,37816,38137,33725,32304,33015,null,0.02,-0.074,-0.087]
[2021,14.581,37326,37179,37252,32234,31275,31754,null,-0.028,-0.023,-0.038]
[2022,13.795,38988,38108,38548,31510,30233,30871,null,-0.054,0.035,-0.028]
[2023,12.337,40550,38193,39371,30856,29680,30268,null,-0.106,0.021,-0.02]
[]
["Notes:","(2) = (15) / [(22) / 1,000,000]",null,null,null,"(6) = (39) / (15)",null,null,null,"(9) is based on (2)"]
[null,"(3) = (27) / (15)",null,null,null,"(7) = (43) / (15)",null,null,null,"(10) is based on (5)"]
[null,"(4) = (31) / (15)",null,null,null,"(8) = (45) / (15)",null,null,null,"(11) is based on (8)"]
[null,"(5) = (33) / (15)"]
[]
["Claim Counts",{"$nulls":4},"Premium"]
[12,13,14,15,null,16,17,18,19,20,21,22]
[]
["Policy \nYear","Incurred \nLost-Time Claim Count","Ultimate\n Development\n Factor","Ultimate\n Incurred Lost-Time Claim\n Count",null,"Policy \nYear","DSR\n Level\n Premium","Ultimate\n Development\n Factor","Ultimate\n Premium","On-level\n Factor","Factor to\n Adjust to 2023 Wage\n Levels","Wage-Adj \nOn-level \nUlt. Prem"]
[2009,10621,1,10621,null,2009,978344764,1,978344764,0.319,1.684,525371138]
[2010,10971,1,10971,null,2010,934492188,1,934492188,0.347,1.631,528922578]
[2011,11137,1,11137,null,2011,944520569,1,944520569,0.355,1.589,532709601]
[2012,10461,1,10461,null,2012,973158172,1,973158172,0.352,1.553,532317520]
[2013,10425,1,10425,null,2013,1015892297,1,1015892297,0.354,1.52,546550056]
[2014,10430,1,10430,null,2014,1075398036,1,1075398036,0.354,1.475,561357775]
[2015,10271,1,10271,null,2015,1124608089,1,1124608089,0.36,1.438,582546990]
[2016,10411,1,10411,null,2016,1109712838,1,1109712838,0.39,1.404,608122635]
[2017,10355,1,10355,null,2017,1032458799,1,1032458799,0.446,1.354,623605115]
[2018,10605,1,10605,null,2018,983596283,1,983596283,0.507,1.307,652124336]
[2019,9803,1,9803,null,2019,898527147,1,898527147,0.592,1.253,666707143]
[2020,9899,1.001,9909,null,2020,828658539,1,828658539,0.675,1.18,660440856]
[2021,10111,1.002,10131,null,2021,876190396,1,876190396,0.719,1.103,694818984]
[2022,10069,1.006,10129,null,2022,929666971,1.001,930596638,0.757,1.042,734240747]
[2023,8956,1.038,9296,null,2023,926208611,1.022,946585200,0.796,1,753481819]
[]
["Notes:","(15) = (13) x (14)",null,null,null,"(19) = (17) x (18)"]
[{"$nulls":5},"(22) = (19) x [(20) x (21)]"]
["Limited Indemnity Losses"]
[23,24,25,26,27,28,29,30,31,32,33,34]
[]
[null,"Paid",null,null,null,"Paid + Case",null,null,null,"Average Pd/P+C"]
["Policy \nYear","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Loss \nOn-level\nFactor"]
[2009,347291977,1.03,357710736,589865004,351079315,1.011,354941187,585298017,356325962,587581511,0.979]
[2010,355070597,1.032,366432856,586292570,363589554,1.012,367952629,588724206,367192743,587508389,0.981]
[2011,330458250,1.035,342024289,541766474,330824372,1.012,334794264,530314114,338409277,536040295,0.997]
[2012,298740665,1.037,309794070,481110191,299898908,1.013,303797594,471797663,306795832,476453927,1]
[2013,295035844,1.039,306542242,465944208,295728527,1.014,299868726,455800464,303205484,460872336,1]
[2014,290214678,1.042,302403694,446045449,292609220,1.016,297290968,438504178,299847331,442274813,1]
[2015,279175894,1.046,292017985,419921862,281491493,1.018,286558340,412070893,289288163,415996378,1]
[2016,271867691,1.055,286820414,402695861,277798716,1.021,283632489,398220015,285226452,400457939,1]
[2017,278407629,1.064,296225717,401089621,283535510,1.023,290056827,392736944,293141272,396913282,1]
[2018,298160462,1.079,321715138,420481685,307042393,1.027,315332538,412139627,318523838,416310656,1]
[2019,295924987,1.098,324925636,407131822,308804982,1.034,319304351,400088352,322114994,403610087,1]
[2020,284284853,1.136,322947593,381078160,303302908,1.047,317558145,374718611,320252869,377898385,1]
[2021,276035702,1.242,342836342,378148485,317956786,1.074,341485588,376658604,342160965,377403544,1]
[2022,246416706,1.538,378988894,394906428,319890619,1.158,370433337,385991537,374711116,390448983,1]
[2023,131893367,2.858,376951243,376951243,237964794,1.492,355043473,355043473,365997358,365997358,1]
[]
["Notes:","(26) = (24) x (25)",null,null,null,"(30) = (28) x (29)",null,null,null,"(32) = [0.50 x (26)] + [0.50 x (30)]"]
[null,"(27) = (26) x [(34) x (21)]",null,null,null,"(31) = (30) x [(34) x (21)]",null,null,null,"(33) = (32) x [(34) x (21)]"]
[]
["Limited Medical Losses"]
[35,36,37,38,39,40,41,42,43,44,45,46]
[]
[null,"Paid",null,null,null,"Paid + Case",null,null,null,"Average Pd/P+C"]
["Policy \nYear","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Loss \nOn-level\nFactor"]
[2009,286309226,1.035,296330049,493093202,298944089,0.998,298346201,496448078,297338125,494770640,0.988]
[2010,308921332,1.038,320660343,517225133,321108129,0.997,320144805,516393570,320402574,516809352,0.989]
[2011,304022394,1.045,317703402,501653672,309988575,0.997,309058609,488003544,313381006,494828608,0.994]
[2012,284891039,1.05,299135591,463660166,291633443,0.998,291050176,451127773,295092884,457393970,0.998]
[2013,254981417,1.052,268240451,413090295,258245020,1.001,258503265,398095028,263371858,405592661,1.013]
[2014,248206870,1.056,262106455,398926025,252267930,1,252267930,383951789,257187193,391438908,1.032]
[2015,238117574,1.059,252166511,384301763,243061125,0.999,242818064,370054730,247492288,377178247,1.06]
[2016,220547572,1.066,235103712,349834323,226162521,0.998,225710196,335856772,230406954,342845548,1.06]
[2017,221048801,1.076,237848510,340361218,229162266,0.996,228245617,326619478,233047064,333490349,1.057]
[2018,248193786,1.088,270034839,369137625,261016973,0.998,260494939,356096582,265264889,362617103,1.046]
[2019,251138296,1.102,276754402,359227214,269182328,1,269182328,349398662,272968365,354312938,1.036]
[2020,243739080,1.135,276643856,334185778,267124105,0.992,264987112,320104431,270815484,327145105,1.024]
[2021,245470361,1.191,292355200,326560758,290932913,0.975,283659590,316847762,288007395,321704260,1.013]
[2022,235817519,1.289,303968782,319167221,302534442,0.964,291643202,306225362,297805992,312696292,1.008]
[2023,163605260,1.748,285981994,286839940,286842671,0.959,275082121,275907367,280532058,281373654,1.003]
[]
["Notes:","(38) = (36) x (37)",null,null,null,"(42) = (40) x (41)",null,null,null,"(44) = [0.50 x (38)] + [0.50 x (42)]"]
[null,"(39) = (38) x [(46) x (21)]",null,null,null,"(43) = (42) x [(46) x (21)]",null,null,null,"(45) = (44) x [(46) x (21)]"]
[]
["Loss Ratios–Based on Frequency and Severity Data"]
[47,48,49,50,51,52,53,null,54,55]
[]
[null,"Indemnity Loss Ratio",null,null,"Medical Loss Ratio",null,null,null,"Annual Percentage Change"]
["Policy \nYear","Paid ","Paid + \nCase","Average\nPd/P+C","Paid ","Paid + \nCase","Average\nPd/P+C",null,"Indemnity","Medical"]
[2009,1.123,1.114,1.118,0.939,0.945,0.942]
[2010,1.108,1.113,1.111,0.978,0.976,0.977,null,-0.006000000000000005,0.03699999999999992]
[2011,1.017,0.995,1.006,0.942,0.916,0.929,null,-0.09499999999999997,-0.049000000000000044]
[2012,0.904,0.886,0.895,0.871,0.847,0.859,null,-0.10999999999999999,-0.07499999999999996]
[2013,0.853,0.834,0.843,0.756,0.728,0.742,null,-0.05800000000000005,-0.136]
[2014,0.795,0.781,0.788,0.711,0.684,0.697,null,-0.06499999999999995,-0.061000000000000054]
[2015,0.721,0.707,0.714,0.66,0.635,0.647,null,-0.09399999999999997,-0.07199999999999995]
[2016,0.662,0.655,0.659,0.575,0.552,0.564,null,-0.07699999999999996,-0.128]
[2017,0.643,0.63,0.636,0.546,0.524,0.535,null,-0.03500000000000003,-0.051000000000000045]
[2018,0.645,0.632,0.638,0.566,0.546,0.556,null,0.0029999999999998916,0.038999999999999924]
[2019,0.611,0.6,0.605,0.539,0.524,0.531,null,-0.052000000000000046,-0.04500000000000004]
[2020,0.577,0.567,0.572,0.506,0.485,0.495,null,-0.05500000000000005,-0.06799999999999995]
[2021,0.544,0.542,0.543,0.47,0.456,0.463,null,-0.051000000000000045,-0.06499999999999995]
[2022,0.538,0.526,0.532,0.435,0.417,0.426,null,-0.020000000000000018,-0.07999999999999996]
[2023,0.5,0.471,0.486,0.381,0.366,0.373,null,-0.08599999999999997,-0.124]
[]
["Notes:","(48) =  [(2) / 1,000,000] x (3)",null,null,"(51) =  [(2) / 1,000,000] x (6)",null,null,null,"(54) is based on (50)"]
[null,"(49) = [(2) / 1,000,000] x (4)",null,null,"(52) = [(2) / 1,000,000] x (7)",null,null,null,"(55) is based on (53)"]
[null,"(50) = [(2) / 1,000,000] x (5)",null,null,"(53) = [(2) / 1,000,000] x (8)"]
[]
["© Copyright 2025 National Council on Compensation Insurance, Inc. All Rights Reserved."]

{"sheet":"CAY Information","index":3,"n_rows":120,"n_cols":12,"rows_kept":120,"cut":false,"hidden":false,"merged":[[3,0,3,11]],"flags":["formulas_cached_only"]}
[null,"Trend Information"]
[null,"North Carolina April 1, 2026 Filing"]
[null,"Limited–Statewide–Private Carrier–Calendar-\nAccident \nYear",{"$nulls":9},""]
[""]
["Lost-Time Claim Frequency and Severity–Based on Data in Excess of Wage Inflation"]
[1,2,3,4,5,6,7,8,null,9,10,11]
[]
[null,"Claim Freq","Indemnity Severity",null,null,"Medical Severity",null,null,null,"Annual Percentage Change"]
["Calendar-\nAccident \nYear","per Million\nOn-level\n Premium","Paid ","Paid + \nCase","Average\nPd/P+C","Paid ","Paid + \nCase","Average\nPd/P+C",null,"Claim Frequency","Ind Severity \n(Avg Paid & P+C)","Med Severity \n(Avg Paid & P+C)"]
[2009,null,57446,57049,57248,49169,49330,49249]
[2010,null,53164,53281,53223,47026,46913,46970,null,null,-0.06999999999999995,-0.04600000000000004]
[2011,null,50862,50097,50479,46539,45464,46001,null,null,-0.052000000000000046,-0.02100000000000002]
[2012,null,47026,46091,46559,43633,42298,42966,null,null,-0.07799999999999996,-0.06599999999999995]
[2013,null,45261,44331,44796,40492,39295,39893,null,null,-0.038000000000000034,-0.07199999999999995]
[2014,null,43034,42111,42572,39661,38294,38978,null,null,-0.050000000000000044,-0.02300000000000002]
[2015,null,41942,41288,41615,38213,36956,37584,null,null,-0.02200000000000002,-0.03600000000000003]
[2016,null,39305,38734,39020,34337,32986,33661,null,null,-0.062000000000000055,-0.10399999999999998]
[2017,null,38698,37934,38316,33441,32229,32835,null,null,-0.018000000000000016,-0.025000000000000022]
[2018,null,39393,38490,38941,33123,31969,32546,null,null,0.016000000000000014,-0.009000000000000008]
[2019,null,41400,40641,41021,37072,35809,36440,null,null,0.052999999999999936,0.1200000000000001]
[2020,14.322,39384,38577,38981,34722,33404,34063,null,null,-0.050000000000000044,-0.06499999999999995]
[2021,14.666,37831,37216,37523,32394,31523,31959,null,0.02400000000000002,-0.03700000000000003,-0.062000000000000055]
[2022,14.409,38078,37768,37923,32255,31865,32060,null,-0.018000000000000016,0.010999999999999899,0.0029999999999998916]
[2023,12.963,40250,38312,39281,30355,28297,29326,null,-0.09999999999999998,0.03600000000000003,-0.08499999999999996]
[2024,11.875,38365,36874,37620,30411,27886,29148,null,-0.08399999999999996,-0.04200000000000004,-0.006000000000000005]
[]
["Notes:","(2) = (15) / [(21) / 1,000,000]",null,null,null,"(6) = (38) / (15)",null,null,null,"(9) is based on (2)"]
[null,"(3) = (26) / (15)",null,null,null,"(7) = (42) / (15)",null,null,null,"(10) is based on (5)"]
[null,"(4) = (30) / (15)",null,null,null,"(8) = (44) / (15)",null,null,null,"(11) is based on (8)"]
[null,"(5) = (32) / (15)"]
[]
["Claim Counts",{"$nulls":4},"Premium"]
[12,13,14,15,null,16,17,18,19,20,21]
[]
["Accident \nYear","Incurred \nLost-Time Claim Count","Ultimate\n Development\n Factor","Ultimate\n Incurred Lost-Time Claim\n Count",null,"Calendar\nYear","DSR\n Level\n Premium","On-level\n Factor","Audit\nAdjustment \nFactor*","Factor to\n Adjust to 2023 Wage\n Levels","Wage-Adj \nOn-level \nPremium"]
[2009,10490,1,10490,null,2009,null,null,null,1.711]
[2010,10972,1,10972,null,2010,null,null,null,1.648]
[2011,10962,1,10962,null,2011,null,null,null,1.607]
[2012,10790,1,10790,null,2012,null,null,null,1.564]
[2013,10307,1,10307,null,2013,null,null,null,1.538]
[2014,10485,1,10485,null,2014,null,null,null,1.495]
[2015,10344,1,10344,null,2015,null,null,null,1.447]
[2016,10329,1,10329,null,2016,null,null,null,1.425]
[2017,10366,1,10366,null,2017,null,null,null,1.375]
[2018,10660,1,10660,null,2018,null,null,null,1.324]
[2019,10443,1,10443,null,2019,null,null,null,1.282]
[2020,9426,1,9426,null,2020,855828543,0.634,0.984,1.213,658132150]
[2021,10021,1.001,10031,null,2021,821102032,0.733,1.038,1.136,683977993]
[2022,10129,1.003,10159,null,2022,894710363,0.745,1.016,1.058,705031766]
[2023,9611,1.012,9726,null,2023,948544150,0.776,0.993,1.019,750298423]
[2024,7992,1.137,9087,null,2024,943515075,0.833,1,0.974,765190726]
[]
["Notes:","(15) = (13) x (14)",null,null,null,"(21) = (17) x [(18) x (20)]"]
[" ",{"$nulls":4},"*Included in On-level Factor (18)"]
["Limited Indemnity Losses"]
[22,23,24,25,26,27,28,29,30,31,32,33]
[]
[null,"Paid",null,null,null,"Paid + Case",null,null,null,"Average Pd/P+C"]
["Accident\nYear","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Loss \nOn-level\nFactor"]
[2009,349629245,1.029,359768493,602612226,353394906,1.011,357282250,598447769,358525372,600529998,0.979]
[2010,350762511,1.031,361636149,583319108,358488811,1.011,362432188,584603119,362034169,583961115,0.979]
[2011,338916602,1.034,350439766,557549668,341073827,1.012,345166713,549160240,347803240,553354955,0.99]
[2012,312857833,1.037,324433573,507414108,313901902,1.013,317982627,497324829,321208100,502369468,1]
[2013,292212347,1.038,303316416,466500648,292983914,1.014,297085689,456917790,300201053,461709220,1]
[2014,289928506,1.041,301815575,451214285,290972593,1.015,295337182,441529087,298576379,446371687,1]
[2015,287186393,1.044,299822594,433843294,290214365,1.017,295148009,427079169,297485302,430461232,1]
[2016,271076217,1.051,284901104,405984073,275526391,1.019,280761392,400084984,282831248,403034528,1]
[2017,274711807,1.062,291743939,401147916,279821885,1.022,285977966,393219703,288860953,397183810,1]
[2018,295586859,1.073,317164700,419926063,302339489,1.025,309897976,410304920,313531338,415115492,1]
[2019,309680063,1.089,337241589,432343717,321412110,1.03,331054473,424411834,334148031,428377776,1]
[2020,273744257,1.118,306046079,371233894,288522447,1.039,299774822,363626859,302910451,367430377,1]
[2021,282613882,1.182,334049609,379480356,310602741,1.058,328617700,373309707,331333655,376395032,1]
[2022,269039191,1.359,365624261,386830468,328193386,1.105,362653692,383687606,364138977,385259038,1]
[2023,196207555,1.958,384174393,391473706,288157293,1.269,365671605,372619365,374922999,382046536,1]
[2024,53113658,6.739,357932941,348626685,162044152,2.123,344019735,335075222,350976338,341850953,1]
[]
["Notes:","(25) = (23) x (24)",null,null,null,"(29) = (27) x (28)",null,null,null,"(31) = [0.50 x (25)] + [0.50 x (29)]"]
[null,"(26) = (25) x [(33) x (20)]",null,null,null,"(30) = (29) x [(33) x (20)]",null,null,null,"(32) = (31) x [(33) x (20)]"]
[]
["Limited Medical Losses"]
[34,35,36,37,38,39,40,41,42,43,44,45]
[]
[null,"Paid",null,null,null,"Paid + Case",null,null,null,"Average Pd/P+C"]
["Accident\nYear","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Losses","Ultimate\nDevelopment\nFactor","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Ultimate\nLosses","Wage-Adj \nOn-level \nUlt. Losses","Loss \nOn-level\nFactor"]
[2009,295158847,1.034,305194248,515778279,306807416,0.998,306193801,517467524,305694025,516622902,0.988]
[2010,305628443,1.037,316936695,515972939,317444864,0.996,316175085,514733038,316555890,515352989,0.988]
[2011,306854447,1.043,320049188,510158406,313599051,0.997,312658254,498377257,316353721,504267831,0.992]
[2012,288069696,1.049,302185111,470804403,293523206,0.998,292936160,456394537,297560636,463599471,0.996]
[2013,256356210,1.051,269430377,417347654,261204238,1.001,261465442,405009970,265447910,411178813,1.007]
[2014,259225053,1.054,273223206,415845720,263545794,1.001,263809340,401517815,268516273,408681768,1.018]
[2015,244664496,1.058,258855037,395271641,250342731,1,250342731,382273350,254598884,388772496,1.055]
[2016,220897526,1.064,235034968,354667767,225558985,1.001,225784544,340708877,230409756,347688322,1.059]
[2017,222050417,1.07,237593946,346649567,229211378,0.999,228982167,334084982,233288057,340367275,1.061]
[2018,234991690,1.081,254026017,353096164,245666186,0.998,245174854,340793047,249600436,346944606,1.05]
[2019,265471658,1.094,290425994,387137850,280816399,0.999,280535583,373953932,285480789,380545892,1.04]
[2020,235624027,1.113,262249542,327287428,252551785,0.999,252299233,314869443,257274388,321078436,1.029]
[2021,243160775,1.16,282066499,324940607,278952153,0.984,274488919,316211235,278277709,320575921,1.014]
[2022,249444004,1.23,306816125,327679622,312803023,0.969,303106129,323717346,304961127,325698484,1.009]
[2023,201025060,1.437,288873011,295228217,284669074,0.946,269296944,275221477,279084978,285224848,1.003]
[2024,94601696,2.996,283426681,276341014,245420650,1.059,259900468,253402956,271663575,264871986,1.001]
[]
["Notes:","(37) = (35) x (36)",null,null,null,"(41) = (39) x (40)",null,null,null,"(43) = [0.50 x (37)] + [0.50 x (41)]"]
[null,"(38) = (37) x [(45) x (20)]",null,null,null,"(42) = (41) x [(45) x (20)]",null,null,null,"(44) = (43) x [(45) x (20)]"]
[]
["Loss Ratios–Based on Frequency and Severity Data"]
[46,47,48,49,50,51,52,null,53,54]
[]
[null,"Indemnity Loss Ratio",null,null,"Medical Loss Ratio",null,null,null,"Annual Percentage Change"]
["Calendar-\nAccident \nYear","Paid ","Paid + \nCase","Average\nPd/P+C","Paid ","Paid + \nCase","Average\nPd/P+C",null,"Indemnity","Medical"]
[2020,0.564,0.552,0.558,0.497,0.478,0.488]
[2021,0.555,0.546,0.55,0.475,0.462,0.469,null,-0.014000000000000012,-0.039000000000000035]
[2022,0.549,0.544,0.546,0.465,0.459,0.462,null,-0.007000000000000006,-0.015000000000000013]
[2023,0.522,0.497,0.509,0.393,0.367,0.38,null,-0.06799999999999995,-0.17700000000000005]
[2024,0.456,0.438,0.447,0.361,0.331,0.346,null,-0.122,-0.08899999999999997]
[]
["Notes:","(47) =  [(2) / 1,000,000] x (3)",null,null,"(50) =  [(2) / 1,000,000] x (6)",null,null,null,"(53) is based on (49)"]
[null,"(48) = [(2) / 1,000,000] x (4)",null,null,"(51) = [(2) / 1,000,000] x (7)",null,null,null,"(54) is based on (52)"]
[null,"(49) = [(2) / 1,000,000] x (5)",null,null,"(52) = [(2) / 1,000,000] x (8)"]
[]
["© Copyright 2025 National Council on Compensation Insurance, Inc. All Rights Reserved."]