Nuclear Electric Insurance Limited

1201 N Market St #1100
Wilmington, DE 19801

Talking Points

Experience Mod Rating

Mod is an indication of how risky a company is to insure. It is based on a company's claim history.

  • Experience Mod is very good. It is in the 0th percentile compared to peers.
  • Mod decreased by more than 75% of peers.
Good

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 Higher than 58% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
Needs Attention

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.

  • 25% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 95th percentile at 37.5% of the market.
Average

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

2.250
2022

2.250
2021

1.913
2020

1.913
2019

1.802
2018

1.802
2017

2.120
2016

2.052
2015

2.052
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

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Chief Executive Officer
(031) 254-9934
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Benefits Admin
(543) 896-7943
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Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 33,739,448 $ 80,288,770 $ 58,978,742 $ 97,164,245 $ 64,782,655 $ 61,454,385 $ 57,009,318 $ 2,725,416 $ 2,728,652 $ 8,229,481 $ 9,289,269 $ 1,832,524
Liabilities: $ 0 $ 8 $ 47 $ 27 $ 8 $ 3 $ 24 $ 7 $ 1 $ 23
EE Contrib: $ 1,306,476 $ 644,643 $ 601,809 $ 948,263 $ 1,084,783 $ 657,094 $ 4,573,511 $ 385,404 $ 831,278 $ 157,640 $ 775,517 $ 149,217
Emp Contrib: $ 1,157,759 $ 9,800,635 $ 5,523,236 $ 77,587 $ 8,970,199 $ 935,339 $ 921,856 $ 414,001 $ 5
Income/Loss: $ 5,149,853 $ 9,843,297 $ 5,891,348($ 7,730,454) $ 1,557,173 $ 1,349,252($ 557,221) $ 651,087 $ 844,123 $ 502,384($ 32,364) $ 528,034
Total Income: $ 7,614,088 $ 9,800,552 $ 7,788,033 $ 602,057 $ 7,954,373 $ 8,993,449 $ 6,267,313 $ 8,866,563 $ 6,225,863 $ 9,064,752 $ 650,757 $ 2,359,139
Paid Benefits: $ 3,445,180 $ 3,029,215 $ 7,581,076 $ 7,651,146 $ 255,056 $ 625,903 $ 950,785 $ 815,199 $ 138,806 $ 695,701 $ 4,969,943 $ 258,105
Expenses: $ 0 $ 0 $ 9 $ 84 $ 8 $ 392 $ 2
  Commission: $ 2,337 $ 5,250 $ 532($ 4,968) $ 4,198 $ 9,683 $ 6,861 $ 800 $ 9 $ 9,000,000 $ 2
Net Income: $ 4,166,571 $ 2,133,343 $ 7,440,232($ 4,859,317) $ 399,091 $ 7,769,647 $ 757,205 $ 384,861 $ 1,759,014 $ 138,298($ 966,057) $ 349,909
Net Assets: $ 37,906,019 $ 6,228,767 $ 66,223,701 $ 83,886,605 $ 95,640,783 $ 77,861,634 $ 70,241,869 $ 65,805,658 $ 8,155,233 $ 7,426,436 $ 380,703 $ 2,677,079

Participants

202120202019201820172016201520142013201220112010
Total Participants:911886238031842742875985
Active Part.:730072270176312600404234
Retired Part.:7e68d47fb56c866654978
Deceased Part.:b1cb43bbd2aa9525 2b91942

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2G - Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.

    2J - Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    3D - Pre-approved pension plan - A master, prototype, or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.