2024 annual report
Our annual report allows us to reflect each year on the ways we delivered on our mission to serve Oregon workers and employers.
With more than 53,000 policyholders, SAIF is the largest workers’ compensation provider in the state. SAIF serves employers of all sizes, from small businesses with only one employee to large companies with tens of thousands of employees. We serve the state and most cities, counties, school districts, and special districts in Oregon.
SAIF handles more claims than any other workers’ compensation carrier in Oregon. In 2024, we processed nearly 39,000 claims. In Oregon, a worker is entitled to medical care for work-related injuries or illnesses for their lifetime. We also pay benefits to the families of those who lost their life to a workplace injury or illness. In 2024, we provided benefits to more than 60,000 people, including beneficiaries of claims that were filed as far back as the 1940s.
Serving workers
Oregon law requires insurers to make initial claims decisions within 60 days; we made them on average within 36.6 days. That’s 24 days faster than the law requires. This allowed injured workers to focus on recovery instead of wondering about the status of their claim.
In 2024, SAIF accepted more than 32,350 claims—83% of the claims we processed.
SAIF uses a program called First Fill, which lets injured workers get common medications at no cost before a decision is made on their claim. First Fill pharmacy bills are paid by SAIF, and there is no charge to the worker even if the claim is later denied.
Making workplaces safer
Our vision is to make Oregon the safest and healthiest place to work. With more than 60 safety and health experts who help employers create safer workplaces—and more than 30 industry association experts we partner with—SAIF has built the largest team of workplace safety professionals of any insurance carrier in Oregon. In 2024, they conducted more than 6,000 virtual and in-person consultations.
More than 2,000 people attended SAIF’s live safety and health educational offerings in 2024, and another 1,300 accessed on-demand trainings. In addition, our free safety and health videos were viewed nearly 355,000 times in 2024.
SAIF has unparalleled experience serving and providing safety expertise for Oregon’s high-hazard industries, including logging, construction, and agriculture. In 2024, more than 1,500 people attended our free ag safety seminars conducted in English and Spanish. The seminars are available to anyone, including non-policyholders, interested in agricultural safety and health.
In the last 17 years, more than 310,000 people have learned practical techniques from Safety In Motion® sessions, which train workers to avoid or reduce some of the most common workplace injuries. For more details on Safety In Motion®, visit our page on ergonomics resources. SAIF offers many other free safety resources at saif.com/safety.
Supporting employers
SAIF is the largest workers' compensation insurance carrier in Oregon. Our strong results in claims management, return-to-work, and safety and health help drive down Oregon's overall pure premium rates.
In addition, SAIF was able to return $60 million to policyholders in 2024 through a dividend—another way for us to keep overall costs down for Oregon employers.
Almost all our policyholders—98.9%—chose to renew with us in 2024.
More information
More information for legislators can be found at saif.com/governmentrelations.
SAIF strives to be an accountable partner and a trustworthy steward of the Industrial Accident Fund. In 2024, strong fiscal management enabled us to remain financially stable, despite difficult economic conditions.
- 2024 Annual statement
- 2024 Condensed statutory statement of income
- 2024 Condensed statutory balance sheet
