CARTER'S SHOOTING CENTER INC

6231 TREASCHWIG RD
SPRING, TX 77373

Talking Points

Premium

Worker's Comp premium is based on two key factors - the LCM your carrier has filed to use, and the total payroll you run over the policy term, which is multiplied by the rate to determine premium. Comparing premium to businesses in the same industry and of similar size can indicate how fair your WC insurance provider's costs are relative to the market.

  • Premium is Higher than 88% of peers.
  • In the last year, premium Increased by more than 75% of peers.
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 Higher than 57% 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.

  • 11% of peers have changed carriers since last year. Those who did, saw a 12.5% decrease in premium vs those who stayed with their current provider had a 0% increase, roughly 262x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 18.9% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.693
2023

-
2022

1.693
2022

-
2021

1.693
2021

-
2020

1.693
2020

-
2019

1.693
2019
09-14-2019

-
2018

-
2018

-
2017

-
2017

-
2016

-
2016

-
2015

-
2015
09-14-2015

-
2014
09-14-2014

-
2013
09-14-2013

-
2012

-

Contacts

Gjgzf Ytlpjj
Vice President
f0f3
AkboikSihzm@lshklendv.kum

JFAPP QZICRK
Benefits Admin
(186) 791-1589
6ab

d
(619) 558-8639
ee6

Industry Classification

Retirement Benefits

Financials

2020201920182017201620152014201320122011
BOY Assets: $ 3,587,951 $ 3,523,687 $ 2,974,315 $ 1,632,977 $ 8,234,817 $ 7,940,118 $ 6,063,626 $ 4,351,571 $ 6,985,048 $ 5,723,606
Liabilities: $ 0 $ 8 $ 7 $ 86 $ 5 $ 4 $ 97 $ 1
EE Contrib: $ 0 $ 68 $ 68 $ 828 $ 8 $ 88
Emp Contrib: $ 0 $ 54,211 $ 100,837 $ 555,685 $ 570,678 $ 384,298 $ 627,122 $ 945,663 $ 741,924 $ 177,176
Income/Loss: $ 0 $ 669,068 $ 959,739 $ 683,740 $ 103,031 $ 771,183 $ 579,308 $ 781,260 $ 977,264 $ 906,449
Total Income: $ 0 $ 917,478 $ 995,670 $ 815,747 $ 164,060 $ 171,942 $ 555,717 $ 521,753 $ 910,979 $ 953,372
Paid Benefits: $ 3,587,951 $ 467,105 $ 875,479 $ 932,475 $ 871,855 $ 967,122 $ 23,597 $ 992,943 $ 4,005,158 $ 854,120
Expenses: $ 0 $ 1 $ 18 $ 9 $ 8
  Commission: $ 0 $ 77 $ 15 $ 7 $ 3 $ 7 $ 75
Net Income:($ 3,587,951)($ 920,545) $ 749,153 $ 986,203 $ 870,918 $ 206 $ 150,801 $ 94,763($ 6,774,651)($ 477,547)
Net Assets: $ 0 $ 3,758,687 $ 7,866,196 $ 4,970,970 $ 1,072,129 $ 2,857,542 $ 7,367,126 $ 9,712,073 $ 4,498,648 $ 3,834,355

Participants

2020201920182017201620152014201320122011
Total Participants:808884686869323023
Active Part.:2006152971befddd9
Retired Part.:29499229223326c7
Deceased Part.:c31130613fe413731

Insurance

No Insurance Coverage

Providers

No Providers

Features

    2E - Profit-sharing

Motor Carrier