Peter M Habib & Associates

5 HOT Metal St Ste 202
Pittsburgh, PA 15203

Talking Points

For the Agent

These are points that might help guide an agent as they look to approach a prospect.

  • Increasing LCM and decreasing market share may indicate carrier is tightening underwriting guidelines and/or has written higher risk accounts that they are less willing to fight for.
Needs Attention

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 29th percentile compared to peers.
  • In the last year, LCM Increased by 5%. While peers Increased an average of 3%.
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.

  • 3% of peers have changed carriers since last year.
  • Of those who changed carriers, 5.4% decreased their LCM vs those who stayed with their current provider who saw a 2.8% increase.
  • Current Carrier's market share is in the 95th percentile at 12.2% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2022

1.764
2021

1.680
2020

1.631
2019

1.631
2018

1.631
2017

1.673
2016

1.632
2015

1.632
2014

-
2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

SBSEGW KEIGC
Certified Public Accountant
(629) 751-5737
ckofyosyxcj@ptrgfunj.nea

Gadpn Wrtbw
Owner
(312) 253-1862
gczwzgqulxdxk@hjgvuaka.ppf

OEYHKN JKEXI
Benefits Admin
(889) 560-8248
31d

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 283,107 $ 120,264 $ 240,184 $ 94,635 $ 232,862 $ 282,150 $ 208,449 $ 491,274 $ 622,374 $ 347,289 $ 618,187 $ 652,778
Liabilities: $ 0 $ 838 $ 0 $ 5 $ 0 $ 58
EE Contrib: $ 0 $ 96 $ 2 $ 9 $ 5 $ 93 $ 5 $ 5
Emp Contrib: $ 0 $ 60 $ 2 $ 9 $ 8 $ 4,548 $ 41,951 $ 68,173 $ 76,222
Income/Loss: $ 57,106 $ 23,434 $ 73,194($ 62,673) $ 11,471 $ 18,430($ 8,053) $ 69,222 $ 14,475 $ 84,154($ 113) $ 95,814
Total Income: $ 57,106 $ 70,889 $ 63,441($ 59,735) $ 11,758 $ 70,298($ 2,521) $ 66,990 $ 63,646 $ 83,098 $ 52,709 $ 39,747
Paid Benefits: $ 2,468 $ 64 $ 98,436 $ 31,108 $ 4,994 $ 7,955 $ 11,977 $ 4,627 $ 3 $ 88,201
Expenses: $ 0 $ 9 $ 4 $ 2 $ 89 $ 6 $ 0 $ 287 $ 29
  Commission: $ 60 $ 44 $ 3 $ 1 $ 11 $ 937 $ 3
Net Income: $ 54,578 $ 79,823($ 20,164)($ 89,793) $ 82,464 $ 52,073($ 2,566) $ 584 $ 94,250 $ 81,770 $ 56,180 $ 12,669
Net Assets: $ 337,685 $ 876,478 $ 188,980 $ 489,665 $ 730,307 $ 904,989 $ 980,758 $ 715,595 $ 38,685 $ 665,072 $ 672,605 $ 508,281

Participants

202120202019201820172016201520142013201220112010
Total Participants:10333062336303771925
Active Part.:838416419c2976c4
Retired Part.:d1ad96dcfe2f615e6fa62
Deceased Part.:b1f87eb7bbc45bfe2

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

    2F - ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.

    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.

    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.