Information on this page is provided to help L&I's constituents better understand how Washington State's Industrial Insurance Fund (known as the "State Fund") is managed.

Your Premium Dollars at Work

This publication Your Premium Dollars at Work (F200-020-000) provides an overview of the programs and services funded with your insurance dollars. Over 85% of the State Fund payments from July 1, 2011 through June 30, 2012 were spent on medical treatments, partial wage replacement, disability awards, and pension benefits for injured workers.

State Fund financial information reports

These reports are based on statutory accounting principles and practices as promulgated by the National Association of Insurance Commissioners, as would be required of any property and casualty insurance enterprise in the United States when reporting its financial condition to insurance regulators. This accounting basis is used to allow regulation of insurance solvency and the stability of premium rates.

These reports show only the Basic Plan that includes the:

• Accident.
• Medical Aid.
• Pension Funds combined.

These Industrial Insurance Fund Financial Information reports typically become available in January for the preceeding fiscal year ending June 30.

Financial information reports

2012 GAAP report

• 2012 GAAP Financial Report (5650 KB PDF / 16 min).

2012 SAP report

• 2012 SAP Financial Report (3725 KB PDF / 11 min).

Past GAAP & SAP reports

• 2011 GAAP Financial Report (2408 KB PDF / 7 min).
• 2011 SAP Financial Report (1292 KB PDF / 4 min).
• 2010 GAAP Financial Report (1761 KB PDF / 5 min).
• 2010 SAP Financial Report (1344 KB PDF / 4 min).
• 2009 GAAP Financial Report (1534 KB PDF / 4 min).
• 2009 SAP Financial Report (2354 KB PDF / 7 min).
• 2008 GAAP Financial Report (1940 KB PDF / 6 min).
• 2008 SAP Financial Information (3090 KB PDF / 9 min).
• 2007 GAAP Financial Report (1640 KB PDF / 5 min).
• 2007 SAP Financial Information (2140 KB PDF / 6 min).

Ten year summary of Washington State Industrial Insurance Fund

• Ten Year Summary of Financial Information (2003 through 2012) (31 KB PDF).

If you have questions about the financial reports or need additional financial information, please email Sharon Elias, Chief Accounting Officer, at Sharon.Elias@Lni.wa.gov.

Comprehensive Annual Financial Report (CAFR)

The State of Washington's CAFR is audited by the State Auditor's Office and follow generally accepted accounting principles (GAAP). The GAAP State Fund financial reports are included as a major business activity and can be found within the State of Washington's CAFR.

The schedules accompanying the statements break out the Basic Plan that includes only the Accident, Medical Aid and Pension Funds combined from the Supplemental Pension Plan.

The CAFR reports (www.ofm.wa.gov) typically become available in January for the preceeding year.

Additional information

Related State Fund Information explains how Washington State:

• Provides higher benefits to workers with lower costs to employers.
• Compares to other workers' comp insurers.
• Ranks in an Oregon Premium Rate Ranking Study.