SECURITY BENEFIT CORP

600 STEAMBOAT RD FL 2
GREENWICH, CT 06830

Talking Points

LCM Rate

LCMs have the largest effect on your WC costs. Carriers file LCM's which are multiplied with the state approved Loss Costs for your employment classifications to create your policy rates. Carrier Groups have several Carrier Tier's each with their own filing, allowing their underwriters to price aggressively to overly prudent depending on the risk.

The LCM of the Current Carrier is Very Good, in the 34th percentile compared to peers.
In the last year, LCM Decreased by 7%. While peers Increased an average of 1%.

Average

Market Competitiveness

We measure relative change (when a business chooses a different WC provider), and market share distribution over a rolling 24 months as compared to it's industry and state level activity to determine how competitive carriers are for your class of business.

13% of peers have changed carriers since last year.
Of those who changed carriers, 1.7% decreased their LCM vs those who stayed with their current provider who saw a 1.1% increase.
Current Carrier's market share is in the 95th percentile at 11.9% of the market.

Good

Business Stats

Policy History

Term		Carrier	Premium	LCM
2023				1.406
2023				1.250
2022				1.320
2022				1.092
2022				1.739
2022				1.350
2022				1.360
2022				1.260
2022				1.384
2022				-
2022				1.120
2022				-
2022				1.460
2022				1.480
2022				-
2022				1.276
2022				1.275
2022				1.172
2022				1.313
2022				1.558
2022				1.308
2022				1.295
2022				1.275
2021				1.320
2021				1.092
2021				-
2021				1.350
2021				1.238
2021				1.213
2021				1.384
2021				-
2021				1.200
2021				-
2021				1.460
2021				1.400
2021				1.160
2021				1.275
2021				1.172
2021				1.122
2021				1.313
2021				1.500
2021				1.138
2021				1.295
2021				1.275
2020				1.320
2020				-
2020				-
2020				-
2020				1.213
2020				1.238
2020				-
2020				1.384
2020				1.200
2020				-
2020				1.460
2020				1.295
2020				1.070
2020				1.159
2020				1.148
2020				-
2020				1.060
2020				1.360
2020				1.500
2020				1.138
2019				0.850
2019				-
2019				-
2019				1.061
2019				1.125
2019				-
2019				0.900
2019				-
2019				-
2019				1.065
2019				0.892
2019				-
2019				1.060
2019				1.073
2019				1.120
2019				-
2019				0.985
2019 12-01-2019				-
2019 12-01-2019				0.800
2019 12-01-2019				1.000
2018				-
2018				-
2018				-
2018				1.061
2018				1.125
2018				-
2018				0.900
2018				1.000
2018				-
2018				0.892
2018				-
2018				1.060
2018				-
2018				0.985
2018				1.125
2017				-
2017				-
2017				1.603
2017				1.666
2017				-
2017				1.764
2017				1.290
2017				-
2017				1.692
2017				1.764
2017				-
2017				-
2017				1.290
2017				-
2017				2.062
2017				2.151
2017 12-01-2017				-
2017 12-01-2017				1.800
2016				-
2016				-
2016				-
2016				-
2016				-
2016				1.666
2016				1.603
2016				1.666
2016				-
2016				1.692
2016				1.603
2016				-
2016				1.290
2016				1.692
2016				-
2016				-
2016				2.151
2015				-
2015				-
2015				-
2015				1.666
2015				-
2015				-
2015				-
2015				1.603
2015				-
2014				-
2014				-
2014				-
2014				1.666
2014				-
2014				-
2014				1.603
2014				-
2013				-
2013				1.416
2013				-
2013				-
2013				-
2012				-
2012				1.250

Contacts

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Benefits Admin

(352) 219-9483

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Benefits Admin

(819) 616-9816

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Benefits Admin

(759) 218-6874

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Benefits Admin

(456) 976-4161

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Benefits Admin

(202) 031-8064

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Benefits Admin

(117) 910-7483

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LGVQGIZ X. QTAGZSM, TV.

Benefits Admin

(053) 042-4865

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Benefits Admin

(668) 796-0058

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Benefits Admin

(191) 032-3853

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Benefits Admin

(677) 237-1442

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Mlug Li Kyfwtr

President

(595) 923-6080

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Benefits Admin

(241) 030-5176

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Benefits Admin

(032) 659-0050

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Investment Actuary

(256) 838-1132

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Benefits Admin

(601) 569-9987

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Benefits Admin

(884) 983-4686

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Benefits Admin

(179) 639-8887

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Benefits Admin

(199) 717-0790

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Benefits Admin

(916) 971-4704

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Benefits Admin

(954) 445-8401

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Benefits Admin

(659) 575-8265

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Benefits Admin

(478) 085-2108

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Benefits Admin

(842) 857-7266

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Benefits Admin

(701) 342-1098

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Benefits Admin

(066) 717-3428

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Benefits Admin

(854) 705-2106

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(022) 969-8725

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Vice President

(086) 685-7368

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Industry Classification

Retirement Benefits

Financials

	2021	2020	2019	2018	2017	2016	2015	2014
BOY Assets:	$ 53,755,153	$ 22,783,396	$ 97,264,172	$ 14,659,233	$ 80,920,986	$ 37,813,387	$ 57,672,260	$ 69,892,277
Liabilities:	$ 0	$ 1,099,045	$ 7,951	$ 5,840	$ 7,252	$ 25	$ 5	$ 341
EE Contrib:	$ 0	$ 10,000,000		$ 4	$ 9	$ 7	$ 6	$ 1
Emp Contrib:	$ 0	$ 9	$ 3	$ 7,718,878		$ 24,060,277		$ 275,299
Income/Loss:	$ 7,700,981	$ 2,099,520	$ 4,739,447	($ 3,190,057)	$ 7,287,746	$ 4,531,187	($ 8,187,898)	$ 134,844
Total Income:	$ 9,018,940	$ 7,759,934	$ 8,179,960	($ 4,466,872)	$ 717,654	$ 38,353,151	($ 232,611)	$ 7,533,662
Paid Benefits:	$ 1,943,968	$ 4,769,277	$ 63,114,348	$ 4,906,365	$ 1,107,692	$ 8,751,674	$ 4,718,661	$ 385,683
Expenses:	$ 0	$ 30	$ 3		$ 6	$ 2	$ 3	$ 5
Commission:	$ 818	$ 8,186	$ 52,214	$ 8,586	$ 2,440	$ 14	$ 35	$ 9
Net Income:	$ 7,074,154	$ 4,298,749	($ 9,190,952)	($ 891,909)	$ 1,634,829	$ 57,085,376	($ 2,450,498)	$ 7,160,874
Net Assets:	$ 60,829,307	$ 93,694,822	$ 18,934,420	$ 79,971,047	$ 87,734,360	$ 92,819,846	$ 53,799,324	$ 62,906,356

Participants

	2021	2020	2019	2018	2017	2016	2015	2014
Total Participants:	502	986	628	928	809	577	602	938
Active Part.:	177	494	859	759	656	590	474	381
Retired Part.:	226	979	162	665	416	734	981	873
Deceased Part.:	17	01	58	68	07	85	91	47

Insurance

No Insurance Coverage

Providers

No Providers

Features

1A - Benefits are primarily pay related

1I - Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Health Benefits

Financials

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
BOY Assets:	$ 6,867,617	$ 7,646,801	$ 3,568,495	$ 7,792,351	$ 906,794	$ 5,421,958	$ 5,039,562	$ 2,113,918	$ 448,670	$ 343,387	$ 141,660	$ 92,436
Liabilities:	$ 0	$ 21	$ 5	$ 5	$ 5	$ 59	$ 5	$ 9			$ 29	$ 78
EE Contrib:	$ 5,244,108	$ 9,168,190	$ 2,699,517	$ 8,567,757	$ 6,090,198	$ 3,947,535	$ 8,582,604	$ 416,083	$ 5,423,264	$ 5,842,519	$ 5,403,086	$ 8,543,213
Emp Contrib:	$ 15,204,627	$ 22,362,775	$ 32,389,434	$ 26,689,965	$ 37,821,019	$ 74,593,458	$ 9,325,479	$ 3,710,681	$ 4,496,706	$ 582,330	$ 5,716,947	$ 2,083,901
Income/Loss:	$ 0					$ 68	$ 397			$ 7
Total Income:	$ 20,460,744	$ 96,673,770	$ 66,540,569	$ 43,500,994	$ 83,489,040	$ 42,224,862	$ 88,766,926	$ 25,934,685	$ 98,578,936	$ 5,382,799	$ 1,116,012	$ 572,518
Paid Benefits:	$ 17,561,469	$ 55,458,207	$ 1,551,558	$ 75,151,545	$ 23,361,845	$ 92,327,246	$ 61,887,794	$ 6,920,284	$ 5,982,934	$ 3,919,614	$ 9,823,867	$ 4,013,497
Expenses:	$ 0	$ 6	$ 985			$ 9	$ 7	$ 4		$ 22	$ 6	$ 19
Commission:	$ 796,440	$ 834,498	$ 518,545	$ 851,488	$ 305,658	$ 352,138	$ 847,192	$ 908,191	$ 81,500	$ 11,936	$ 890,342	$ 722,621
Net Income:	$ 2,102,835	$ 7,217,860	$ 57,127	($ 392,929)	$ 6,417,767	$ 2,168,109	$ 856,541	$ 9,895,111	$ 1,144,023	($ 429,629)	($ 58,333)	$ 186,500
Net Assets:	$ 8,970,452	$ 4,273,199	$ 781,927	$ 4,067,028	$ 7,406,165	$ 6,221,251	$ 7,011,976	$ 8,654,556	$ 2,873,278	$ 305,782	$ 266,963	$ 469,577

Participants

	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Total Participants:	1535	5352	0905	4860	4104	1266	2554	326	453	053	259	939
Active Part.:	1516	3269	6994	4622	6850	7569	9934	732	777	627	239	464
Retired Part.:	19	35	69	57	91	64	14	00	15	473	337	185
Deceased Part.:		1	0	a	e	5	8	a	1	8d	f	6c5

Insurance

Brokers
ZLQSNDGW MGVP WOM UHGOTCNG Renewal:02-28-2021 Covered:1367 BUSINESS TRAVEL ACCIDENT	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 750 Commission15.07% $ 113 Fees2% $ 15
ENURNIZ USXEJANHU, OAF 230 TWRM 87OB ZIEJCS, OHXIF 013 JEBEXC SEJJ, MW 32338		Commission$113 Fees$15 Fee for:BONUS
UJG IZUO UTKMUTWYH DGOEHJT HQ MCAPED Renewal:03-31-2021 Covered:1516 Life Insurance Long Term Disab. Ins AD&D	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 822,355 Commission0% $ 0 Fees1.29% $ 10,617
Brokers
XNMOITD PZTQAIDMI, VUE 752 HHZU 40ZH YREQRF, ZKNPL 948 RKFCUE GPPI, EB 53052		Commission$0 Fees$10,617 Fee for:BONUS
KAKIMS FVHEHHPXNG DIDEBLRBV FCFXAZQ Renewal:03-31-2021 Covered:2810 Stop Loss	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 1,629,684 Commission0% $ 0 Fees0% $ 0
NOCLOY KBMCKK MHFP Renewal:03-31-2021 Covered:2139 Vision	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 127,202 Commission10.71% $ 13,622 Fees0% $ 0
Brokers
LCOQTTU YTZPMOTSJ, TAV 313 YZPN 54QI AOLNUU, GVQTE 312 XUKACJ RGMA, JR 27338		Commission$13,622 Fees$0
NKOYWC NWIHJY EMVU Renewal:03-31-2021 Covered:19 Vision	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 668 Commission12.57% $ 84 Fees0% $ 0
Brokers
TIUJRGR NCJQBDZEY, FTQ 200 KREU 25MF MRBJTF, VFWUD 568 NAKKOM XGNB, JC 01057		Commission$84 Fees$0
YQQ-EFIH DFVXN YDBHVAII TVJ YDLLKNXSEOJ Renewal:03-31-2021 Covered:218 LEGAL SERVICES PLAN MEMBERSHIPS	Retention: $ 0 Claims: $ 0 Loss Ratio:	Exp Rated Premium $ 0 Non-Exp Rated Premium: $ 37,379 Commission17.57% $ 6,567 Fees0% $ 0
Brokers
IUTMNP QOSPD VN SBF 012388 XRLPELJ, KE 99075		Commission$6,082 Fees$0
RNMANCE KRGRYSAIX, EHP 438 LJVMFR FRTZX LHGMITWIO, IC 27809		Commission$104 Fees$0
MOTEKOJX QETXEDMI 7857 OXHV APK FLKBF IMWCKLVTEN, VR 68773		Commission$97 Fees$0
TIKJX GMVBGOZ 7266 AFOCP OMTRNK UBQEA IWFST, ZJ 84014		Commission$76 Fees$0
HOLPLLD P XIJPNRLQ 8472 APKKBXDXJ HYVRR IIJSOUJ SQLGM, HA 68674		Commission$58 Fees$0
QTEROZ N OXYEV 2261 AFQBF IOPNYGB UPWVQF YUBEGEU, LA 44987		Commission$42 Fees$0
MJUWC 6PYLQ, ANR 8916 NTSXQ KBZIEZ XFOJHX BSTELXE, WH 44135		Commission$38 Fees$0
JAYFUAV UVU HGFWNNGBHJ 8578 IJUNDD PVTPU ERBW BTNVRGKTXJ, NG 83245		Commission$25 Fees$0
RVLHW UJNPUH GUED 874 42 MWQC HUOWP YWSINILMH TRS PGWAS, CC 76942		Commission$25 Fees$0
QZLN KHGOT 2564 QBBYWBXOQ KXBXOP DIJZM FRYRI, KW 49938		Commission$20 Fees$0

Providers

VZPQR FOMYUA RX FUCFQO	Contract Administrator	Compensation:$40,823 Relation:CONTRACT ADMINISTRATOR
SLOSEH CGEQPWASOT JNEDTVPC, TRL.	Claims processing Other services	Compensation:$900,976 Relation:CLAIMS PROCESSOR
PLV, LES.	Contract Administrator	Compensation:$18,690 Relation:FSA ADMINISTRATOR

Features

4A - Health (other than vision or dental).

4B - Life insurance.

4D - Dental.

4E - Vision.

4F - Temporary disability (accident and sickness).

4G - Prepaid legal.

4H - Long-term disability.

4L - Death benefits (include travel accident but not life insurance).

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SECURITY BENEFIT CORP

600 STEAMBOAT RD FL 2 GREENWICH, CT 06830

Talking Points

LCM Rate

Market Competitiveness

Business Stats

Policy History SC NY TX CO GA IL OK NV AL AZ CT FL KY MD ME MO NC NE OR PA TN VA OH NJ MN

Contacts

Industry Classification

Retirement Benefits

Financials

Participants

Insurance

Providers

Features

Health Benefits

Financials

Participants

Insurance

Providers

Features

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600 STEAMBOAT RD FL 2
GREENWICH, CT 06830

Policy History