Magnifying Glass
Back to Sponsored Content

CA State Fund Declares 5% Dividend for 2021 Policy Year

18 Mar, 2022 WorkersCompensation.com

                               

Sacramento, CA (WorkersCompensation.com) - State Compensation Insurance Fund (State Fund) today announced plans to distribute an approximate $55 million dividend to its qualifying policyholders with policies that took effect between January 1 and December 31, 2021. This dividend equals approximately 5% of the estimated annual premium reported during that period.

In 2021, State Fund reported approximately $1.1 billion in estimated annual premium (EAP) and approximately $159 million in realized capital gains.  

“Due to the significant capital gains we realized in our equity portfolio, and our strong financial position, we are able to return money to our policyholders for the third consecutive year,” said State Fund President & CEO Vern Steiner. “We are always looking for ways to help our policyholders improve their bottom lines and invest in California’s economy and we’re pleased to be able to provide this support.”

Since its creation in 1914, State Fund has paid out more than $5 billion in dividends to policyholders.

State Fund policyholders eligible for the 2021 dividend will begin to receive their payments after the expiration date of their individual policies.

To learn more about State Fund, visit StateFundCA.com. 

    • Read Also

    Melissa Steger Joins WorkCompCollege.com as Executive VP of Business Development 

    Lakewood Ranch, FL – February 19, 2025 – WorkCompCollege.com is pleased to announce that Melissa Steger is joining the company as a business partner and Executive Vice President of Business Development. She has been an […]
    Why Carriers Need a Modern Payments Platform in an Interconnected World

    Working with multiple partners and handling sensitive financial data exposes payers to significant cyber risk. Adopting a secure, centralized platform helps to manage this risk while enhancing efficiency. In July 2024, the world experienced one […]
    Why Do Carriers Need a Modern Payments Platform in an Interconnected World?

    Working with multiple partners and handling sensitive financial data exposes payers to significant cyber risk. Adopting a secure, centralized platform helps to manage this risk while enhancing efficiency. In July 2024, the world experienced one […]

    About The Author

    • WorkersCompensation.com

    More by This Author

    WorkCompCollege.com Study Hall 

    February 2025 Curriculum: Workers’ Recovery Professional (WRP)Course: Preventing Work Comp Fraud ... It Takes a Village School: Legal Faculty: Curt DeVries; President, Fraudsniffr  Curt is a 35-year claims professional with extensive claim handling and management experience in both […]
    Free Access: Transform Your Workflow with the New Specialty Solutions Toolkit

    In the fast-paced world of workers' compensation, staying organized and efficient is crucial. That’s why we’re thrilled to introduce a game-changing resource specifically designed for claims professionals like you—the Specialty Solutions Toolkit. This innovative, no-cost […]
    Ametros’ Melissa Coleman Honored by the IAIABC as a 2024 NextGen Winner

    Wilmington, Mass. (June 24, 2024) – The IAIABC has recognized Melissa Coleman as a 2024 NextGen Award Winner. Coleman is the Senior Vice President of Marketing for Ametros, which helps people manage their medical funds following workers’ […]

    Read More

    Melissa Steger Joins WorkCompCollege.com as Executive VP of Business Development 

    Lakewood Ranch, FL – February 19, 2025 – WorkCompCollege.com is pleased to announce that Melissa Steger is joining the company as a business partner and Executive Vice President of Business Development. She has been an […]
    Why Carriers Need a Modern Payments Platform in an Interconnected World

    Working with multiple partners and handling sensitive financial data exposes payers to significant cyber risk. Adopting a secure, centralized platform helps to manage this risk while enhancing efficiency. In July 2024, the world experienced one […]
    Why Do Carriers Need a Modern Payments Platform in an Interconnected World?

    Working with multiple partners and handling sensitive financial data exposes payers to significant cyber risk. Adopting a secure, centralized platform helps to manage this risk while enhancing efficiency. In July 2024, the world experienced one […]
    “Better Outcomes for All: Enhancing Your RTW Program Across Stakeholders” New Live Webinar Announced

    Brandon, Florida (January 7th, 2025)– ReEmployAbility’s CEO & Founder, Debra Livingston, will join Christina Bergman, CWCP, CHRS, US Global Risk Consulting for Aon for a new webinar titled “Better Outcomes for All: Enhancing Your RTW […]
    WorkCompCollege.com Offers Complimentary “How to Say No” Course in Response to Industry Tragedy 

    Lakewood Ranch, FL – December 10, 2024: In light of the recent tragic murder of UnitedHealthcare CEO Brian Thompson, WorkCompCollege.com is making its existing ATEC course, "How to Say No," available free of charge to […]
    Ametros and WorkCompCollege.com Announce New “Mastering Medical Settlements” Course to Enhance Workers’ Compensation Expertise 

    BOSTON, MA, December 5, 2024 – Ametros, the industry leader in professional administration, in collaboration with WorkCompCollege.com, is excited to announce the release of “Mastering Medical Settlements,” a new course offered through WorkCompCollege.com’s Advanced Training […]