WorkSafe Victoria records $1.46 billion half-year net surplus
06 Mar 2026•BlueSafe Team•Source: WorkSafe VIC
WorkSafe Victoria recorded a net surplus after tax of $1.46 billion in the six months to December 2025, driven mainly by stronger than expected investment returns and better economic conditions.
The Economic Insurance Result (EIR), the principal performance measure for Victoria’s workers compensation scheme, recorded a $650 million surplus.
WorkSafe must maintain substantial investments to meet long-term WorkCover payments to injured workers.
The scheme’s insurance funding ratio rose slightly to 115.9 per cent. This measure of scheme health remained below the 120 per cent considered necessary for long-term financial sustainability.
Chief Executive Officer Cathy Henderson said further work was needed to make the scheme sustainable.
“WorkSafe’s financial position continues to strengthen but we are still working towards full financial sustainability,” Ms Henderson said.
“WorkSafe’s ambitious injury reduction targets and continued heavy investment in strengthening return to work pathways for injured workers will be key to ensuring long-term viability of the scheme.”