DUPHIL INC

PO BOX 458
ORANGE, TX 77631

Talking Points

For the Agent

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

  • Premium increase and carrier group change may indicate a claim occurrence.
Needs Attention

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 85% 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 69% of peers.
  • Shopping around for a carrier that would provide a more competative tier would make sense.
  • LCM Increased by more than 75% of peers.
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.

  • 16% of peers have changed carriers since last year. Those who did, saw a 3.7% decrease in premium vs those who stayed with their current provider had a 2% decrease.
  • Of those who changed carriers, 4% decreased their LCM vs those who stayed with their current provider who saw a 0.3% increase, a difference of roughly 14x.
  • Current Carrier's market share is in the 95th percentile at 6.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

1.580
2023

1.795
2022

1.758
2022

1.580
2022

1.925
2022

1.800
2021

1.693
2021

1.355
2021

-
2021

1.310
2021

1.350
2020

1.693
2020

1.355
2020

-
2020

1.310
2020

1.350
2019

1.693
2019

-
2019
10-01-2019

1.355
2019
10-01-2019

-
2018

-
2018

-
2018
10-01-2018

1.355
2017

-
2017

1.355
2016

2.140
2016

-
2015

-
2015

2.140
2014

-
2014

-

Contacts

MWMRUG CFGAHADZ
Benefits Admin
(932) 565-2857
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VEYVYVT KUPEJQF
Benefits Admin
(352) 727-5181
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Corporate Marketing Director / B
(760) 513-5048
kxbware@aglntu.xtf

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(645) 160-7560
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Zazhas Loqxhpmn
President
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wjoacotqk@ajvxri.tak

Industry Classification

Retirement Benefits

Financials

202120202019201820172016201520142013201220112010
BOY Assets: $ 3,408,977 $ 5,467,445 $ 3,726,219 $ 8,134,833 $ 8,128,294 $ 4,265,448 $ 6,946,340 $ 1,833,935 $ 74,549 $ 582,078 $ 751,077 $ 714,173
Liabilities: $ 0 $ 50,000,000 $ 99 $ 94
EE Contrib: $ 335,072 $ 366,314 $ 598,045 $ 794,792 $ 623,226 $ 861,265 $ 477,118 $ 748,792 $ 561,244 $ 570,163 $ 94,143 $ 49,196
Emp Contrib: $ 0 $ 89 $ 484 $ 9 $ 9
Income/Loss: $ 197,384 $ 641,296 $ 178,394($ 444,985) $ 484,526 $ 542,289($ 99,825) $ 51,902 $ 936,775 $ 31,927($ 88,605) $ 56,240
Total Income: $ 838,592 $ 707,520 $ 448,503 $ 575,628 $ 655,208 $ 191,807 $ 246,926 $ 791,069 $ 38,806 $ 269,815 $ 5,919 $ 858,237
Paid Benefits: $ 127,606 $ 214,217 $ 4,809 $ 237,668 $ 99,381 $ 623,636 $ 10,198 $ 82,595 $ 5,897 $ 5,479 $ 48,940 $ 11,473
Expenses: $ 0 $ 7 $ 209 $ 41 $ 234 $ 7 $ 5
  Commission: $ 58,767 $ 23,245 $ 66,345 $ 65,926 $ 621 $ 409 $ 664 $ 959 $ 779 $ 495 $ 751 $ 287
Net Income: $ 644,696 $ 620,154 $ 670,124($ 202,297) $ 951,758 $ 238,160 $ 358,971 $ 521,681 $ 529,987 $ 711,951($ 71,139) $ 86,237
Net Assets: $ 4,053,673 $ 2,550,737 $ 3,807,561 $ 2,789,681 $ 3,230,497 $ 1,153,924 $ 7,305,831 $ 1,698,583 $ 2,777,838 $ 894,940 $ 996,054 $ 55,822

Participants

202120202019201820172016201520142013201220112010
Total Participants:227757266829400693549083438725056825
Active Part.:224430562548713739581654384752856991
Retired Part.:26fa56b7acf0 36 00da2a
Deceased Part.:a291686 2a31badc3121a2

Insurance

SASSSTJMFO VRTM GZUSXRCIE GB
Renewal:12-31-2021
Covered:49
PENSION_EOY_SEP_ACCT_AMT: 3837876PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 1,794
Brokers

Providers

ILVPTWQTAWFAD IRHRMQ TAXE WXU JORecordkeeping and information management (computing, tabulating, data processing, etc.)
Insurance services
Participant loan processing
Participant communication
Sales loads (front end and deferred)
Other commissions
Shareholder servicing fees
Sub-transfer agency fees
Float revenue
Distribution (12b-1) fees
Recordkeeping fees
Account maintenance fees
Insurance mortality and expense charge
Other (specify)
Direct payment from the plan
Compensation:$32,617
Relation:NONE
ZIMWMCF BFDJN PITTSZ WASJGW UWDOLInvestment advisory (participants)
Investment advisory (plan)
Compensation:$25,600
Relation:NONE

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.

    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.

    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.

    3H - Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

Motor Carrier