Highlights from the WSIB's 2017 Annual Report

June 12, 2018

One can access the WSIB's 2017 annual report in pdf form here.  The highlights of the report include the following pieces:

  • premium revenue is down 3% from the fourth quarter of 2016 to the fourth quarter of 2017, with premiums themselves off 10% but offset partially by 7% decrease in payouts for employer incentives
  • net investment income was way up to 3.5% return on investment due to a stronger market
  • total revenue, premium and investment, was over three times the amount of claims payments; claims payments have fallen 6.3% since 2013.
  • the funding ratio improved from 87 to 96 per cent

In summary, the WSIB is in a good financial posiiton, employers have had several years of declining premiums and injured workers all too often end up poor.  .