PENNSYLVANIA LUMBERMENS MUTUAL INSURANCE CO

2005 MARKET ST STE 1200
PHILADELPHIA, PA 19103

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

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 high. It is in the 90th percentile compared to peers.
  • There was a recent mod decrease.
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 31st percentile compared to peers.
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.

  • 4% of peers have changed carriers since last year.
  • Current Carrier's market share is in the 75th percentile at 5.1% of the market.
Good

Business Stats

Policy History

Term Exp. Mod Carrier Premium LCM
2023

1.450
2023

1.350
2023

-
2022

1.700
2022

-
2022

1.290
2022

1.360
2022

1.500
2022

1.000
2022

-
2022

1.420
2022

1.450
2022

1.370
2022

1.350
2022

1.290
2022

1.400
2022

1.500
2022

-
2022

1.400
2022

1.250
2021

-
2021

1.650
2021

1.900
2021

1.500
2021

1.360
2021

1.000
2021

-
2021

-
2021

-
2021

1.570
2021

1.370
2021

1.290
2021

1.220
2021

1.400
2021

1.500
2021

-
2021

1.400
2021

1.250
2021
02-03-2021

1.340
2021
10-20-2021

1.370
2021
12-15-2021

-
2020

-
2020

1.650
2020

1.500
2020

-
2020

1.000
2020

-
2020

1.570
2020

1.350
2020

1.290
2020

-
2020

1.220
2020

1.400
2020

1.450
2020

-
2020

1.400
2020

1.250
2020
06-21-2020

1.340
2020
06-21-2020

-
2020
06-21-2020

1.370
2019

-
2019

-
2019

0.850
2019

1.125
2019

0.900
2019

-
2019

-
2019

-
2019

0.892
2019

-
2019

-
2019

1.060
2019

1.120
2019

-
2019

0.985
2019

1.000
2019
12-15-2019

-
2019
12-15-2019

0.800
2019
12-15-2019

1.110
2018

-
2018

-
2018

-
2018

1.125
2018

0.900
2018

-
2018

-
2018

-
2018

-
2018

1.060
2018

1.110
2018

-
2018

0.985
2018

1.125
2018

1.000
2017

-
2017

2.542
2017

-
2017

1.789
2017

1.495
2017

-
2017

-
2017

-
2017

0.832
2017

-
2017

1.052
2017

-
2017

1.158
2017

1.433
2017
03-07-2017

1.244
2017
12-15-2017

1.266
2017
12-15-2017

1.020
2016

-
2016

-
2016

-
2016

-
2016

1.495
2016

-
2016

0.832
2016

-
2016

1.052
2016

1.020
2016

-
2016

1.158
2016

1.244
2016

1.433
2015

-
2015

-
2015

-
2015

-
2015

-
2015

-
2015

0.832
2015

-
2015

1.530
2015

-
2015

1.866
2015

1.433
2014

-
2014

-
2014

-
2014

-
2014

-
2014

0.832
2014

-
2014

-
2014

-
2014

-
2013

-
2013

-
2013

0.832
2013

-
2013

-
2012

-
2012

-
2012
12-15-2012

-
2012
12-15-2012

1.250
2012
12-15-2012

-
2011

-
2011

-
2010

-
2009

-

Contacts

6d2
(928) 842-5835
ce1bb

OLHGMUE LQILNB
Benefits Admin
(630) 815-6218
00b

d
(278) 872-1057
8891

SOUELX DKIUYLT
Benefits Admin
(124) 982-2620
5b9e

KGFLGP KUDVPBF
VP - Reg & Govt Affairs
(249) 623-7956
urmthnoa@uugope.bqw

Ecpc K Lgbki
President
(545) 008-7495
e1e

SWX M. KHAZEDRNC
Benefits Admin
(640) 134-6576
6e8ce

XBGUYP YJGDGVD
Benefits Admin
(162) 807-2434
34b0

HMDBYH L. NNRHTTEI
Benefits Admin
(690) 721-8313
fe65

ZJSE OURNDVO
Benefits Admin
(476) 946-3081
186f3

Industry Classification

Retirement Benefits

Financials

2021202020192018201720162015
BOY Assets: $ 52,330,167 $ 45,513,591 $ 77,098,937 $ 89,728,163 $ 58,933,948 $ 78,384,014 $ 93,636,752
Liabilities: $ 19,110 $ 14,691 $ 5,794 $ 96,818 $ 98,903 $ 50,100 $ 18,405
EE Contrib: $ 0 $ 2 $ 15 $ 4 $ 18 $ 870
Emp Contrib: $ 0 $ 0 $ 6 $ 8,935,429
Income/Loss: $ 5,457,104 $ 4,523,247 $ 3,742,151($ 8,637,644) $ 5,838,655 $ 2,563,000($ 4,399,846)
Total Income: $ 5,457,104 $ 2,694,589 $ 7,388,948($ 9,303,897) $ 3,745,742 $ 4,145,884 $ 4,056,731
Paid Benefits: $ 2,601,112 $ 606,812 $ 1,334,824 $ 1,139,639 $ 3,669,950 $ 2,729,324 $ 6,577,116
Expenses: $ 0 $ 6
  Commission: $ 86,317 $ 35,728 $ 91,240 $ 29,672 $ 7,920 $ 58,542 $ 40,847
Net Income: $ 2,769,675 $ 8,892,004 $ 5,038,382($ 4,511,095)($ 8,831,728)($ 7,264,711) $ 1,419,525
Net Assets: $ 55,099,842 $ 54,703,823 $ 51,947,093 $ 35,391,229 $ 52,001,081 $ 77,870,831 $ 93,601,413

Participants

2021202020192018201720162015
Total Participants:271595860684205758347
Active Part.:43222583748515
Retired Part.:158622470978489054002
Deceased Part.:3021686197295

Insurance

NCWJWTVEJ BFFO XJWEPEZEA KONQKOR
Renewal:12-31-2021
Covered:217
PENSION_EOY_SEP_ACCT_AMT: 16579573PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 0

Providers

MUHGAZUYQ ZFZG QFUDFCIML BBVHAFX
FUKKRCOCRecordkeeping and information management (computing, tabulating, data processing, etc.)
Trustee (bank, trust company or similar financial institution)
Trustee (discretionary)
Investment management
Direct payment from the plan
Investment management fees paid indirectly by plan
Recordkeeping fees
Consulting fees
Compensation:$85,054
Relation:NONE

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).

Health Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 0 $ 946 $ 71 $ 611 $ 69 $ 81 $ 17 $ 46 $ 4
Liabilities: $ 0 $ 3 $ 5 $ 1 $ 21 $ 50 $ 25 $ 6
EE Contrib: $ 0 $ 2 $ 2 $ 6 $ 1 $ 54 $ 5 $ 826
Emp Contrib: $ 0 $ 8 $ 82 $ 8 $ 606
Income/Loss: $ 0 $ 8 $ 35 $ 444 $ 4 $ 4 $ 45 $ 1
Total Income: $ 0 $ 225 $ 9 $ 54 $ 3 $ 9 $ 6 $ 3 $ 0 $ 65
Paid Benefits: $ 0 $ 77 $ 90 $ 9 $ 8 $ 82 $ 9
Expenses: $ 0 $ 3 $ 6 $ 26 $ 20
  Commission: $ 0 $ 8 $ 50 $ 92 $ 366 $ 8 $ 2 $ 7
Net Income: $ 0 $ 8 $ 2 $ 3 $ 8 $ 5
Net Assets: $ 0 $ 5 $ 212 $ 3 $ 3

Participants

20212020201920182017201620152014201320122011
Total Participants:122270834261396868377289055604382
Active Part.:122040839595027282836957981446977
Retired Part.:3095250b67717332116881
Deceased Part.:5f01 17c8b a09bf890baf

Insurance

VNIHMYHZPWWB XUOC ADPSR
Renewal:05-31-2021
Covered:34
  1. Health

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 3,023
Commission148.03% $ 4,475
Fees0% $ 0
Brokers
NFTLWD HSLXSNSGZ GJEGLXOHH HSPHKMH
Renewal:05-31-2021
Covered:256
  1. Dental

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 109,867
Commission20.47% $ 22,487
Fees0% $ 0
Brokers
OXMHLERGSWII SPYM IBONZ
Renewal:05-31-2021
Covered:199
  1. Health
  2. Vision
  3. Prescription Drug

Retention: $ 19,903
Claims: $ 1,363,984
Loss Ratio:9.43
Exp Rated Premium $ 144,669
Non-Exp Rated Premium: $ 0
Commission47.07% $ 68,090
Fees6% $ 8,682
Brokers
YEY YQCBXBSH XQRA XBQMXRYNL OYRCXOI RC HLAFASS
Renewal:05-31-2021
Covered:239
  1. Life Insurance
  2. Long Term Disab. Ins
  3. ACCIDENTAL DEATH & DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 239,720
Commission8.43% $ 20,211
Fees0% $ 0
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4H - Long-term disability.

    4Q - Other.