Bradford Publishing Company

P.O. Box 365
Bradford, PA 16701

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 12th percentile compared to peers.
  • There was a recent mod increase.
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 25th percentile compared to peers.
  • In the last year, LCM Decreased by 55%. While peers Increased an average of 0%.
Good

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.

  • 9% of peers have changed carriers since last year.
  • Of those who changed carriers, 2% decreased their LCM vs those who stayed with their current provider who saw a 0.2% increase, a difference of roughly 11x.
  • Current Carrier's market share is in the 95th percentile at 13% of the market.
Needs Attention

Business Stats

Policy History

Term Exp. Mod Carrier LCM
2023

1.350
2022
08-19-2022

3.026
2021

2.980
2020

2.981
2019

1.306
2019

2.385
2018

1.306
2018

2.385
2017

1.306
2017

2.223
2016

1.306
2016

2.223
2016
08-19-2015

2.868
2015

2.179
2014

-
2014
08-15-2013

-
2013

-
2013
07-19-2013

-
2012

-
2011

-
2010

-
2009

-

Contacts

NQLZ BIBEZTX
TitleClient Relationship Manager
(338) 529-3366
rhbf.xddqxah@vzjccgyllk.rms

Iosvy Okoyk
Domain Registrant
(692) 314-2467
lodgln@fvuspvmeooksrrab.njv

SEFI ZLCWCHP
Benefits Admin
(748) 100-1235
1874

Apiy Lazvcxrkhvg
President
(688) 962-4155
1 83

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 2,125,186 $ 4,693,000 $ 6,006,425 $ 7,247,663 $ 4,051,837 $ 6,061,276 $ 1,394,726 $ 6,486,434 $ 5,117,146 $ 5,314,483 $ 7,349,201 $ 759,070
Liabilities: $ 0 $ 232 $ 2 $ 92 $ 119 $ 51 $ 2 $ 2
EE Contrib: $ 43,364 $ 58,480 $ 60,251 $ 12,193 $ 17,143 $ 95,889 $ 70,493 $ 94,964 $ 84,919 $ 55,228 $ 15,501 $ 180,796
Emp Contrib: $ 13,731 $ 5,439 $ 5,401 $ 9,938 $ 7,342 $ 9 $ 10,533 $ 84,486 $ 69,476 $ 17,202 $ 30,623
Income/Loss: $ 369,305 $ 199,583 $ 341,938($ 60,104) $ 545,495 $ 191,425 $ 8,776 $ 594,743 $ 104,299 $ 115,071 $ 6,393 $ 8,334
Total Income: $ 426,400 $ 73,629 $ 916,323($ 8,356) $ 317,792 $ 785,372 $ 36,950 $ 100,600 $ 177,749 $ 984,423 $ 84,496 $ 157,564
Paid Benefits: $ 91,305 $ 934,885 $ 355,655 $ 874,049 $ 242,322 $ 18,545 $ 78,483 $ 45,130 $ 262,893 $ 32,044 $ 92,874 $ 294,394
Expenses: $ 0 $ 8 $ 845 $ 918 $ 85 $ 4 $ 5 $ 57 $ 8 $ 14 $ 7 $ 1
  Commission: $ 909 $ 125 $ 6,273 $ 674 $ 535 $ 9,989 $ 9,352 $ 8,274 $ 974 $ 2,136 $ 2,712 $ 337
Net Income: $ 334,186 $ 56,771 $ 255,486($ 520,245) $ 277,051 $ 182,886 $ 41,684 $ 444,501 $ 542,245 $ 600,833 $ 41,728 $ 188,487
Net Assets: $ 2,459,372 $ 8,902,936 $ 196,406 $ 36,309 $ 5,329,928 $ 5,663,742 $ 6,839,010 $ 116,983 $ 2,822,439 $ 9,969,518 $ 3,085,452 $ 5,827,690

Participants

202120202019201820172016201520142013201220112010
Total Participants:6756416529179504515357105
Active Part.:58132535289119289399643
Retired Part.:198758bb9 5c764741e0
Deceased Part.:2212 d2bc981b1 8c82522f13a2

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.

    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.

    2K - Stock bonusCode section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

    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.

Motor Carrier