A compensation film includes a first retardation layer comprising a polymer having negative birefringence, and a second retardation layer comprising a polymer having negative birefringence, where the first retardation layer has an in-plane retardation (Re1) in a range of about 180 nanometers to about 300 nanometers for incident light having a wavelength of about 550 nanometers, the second retardation layer has an in-plane retardation (Re2) in a range of about 60 nanometers to about 170 nanometers for the incident light having the wavelength of about 550 nanometers, and the entire in-plane retardation (Re0) of the first retardation layer and the second retardation layer for incident light having wavelengths of about 450 nanometers and about 550 nanometers satisfies the following inequation: Re0 (450 nm)