CARIS LIFE SCIENCES INC

2450 HOLCOMBE BOULEVARD SUITE
HOUSTON, TX 77021

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 in-line with peers, in the 71st percentile.
  • In the last year, premium Decreased by 55%. While peers Increased an average of 6%.
Average

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 in-line with peers, in the 44th percentile.
  • 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 Higher than 86% 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.

  • 15% of peers have changed carriers since last year. Those who did, saw a 21% decrease in premium vs those who stayed with their current provider had a 9.9% increase, roughly 2x those who stayed with their current provider.
  • Current Carrier's market share is in the 99th percentile at 23.8% of the market.
Needs Attention

Business Stats

Policy History

Term Carrier Premium LCM
2023

2.285
2023

-
2023

-
2023

1.458
2022

2.285
2022

1.390
2022

1.600
2022

-
2022

1.092
2022

2.340
2022

2.421
2022

2.081
2022

-
2022

1.539
2022

-
2022

1.015
2022

1.450
2022

1.235
2022

1.407
2022

1.420
2022

1.627
2022

1.458
2022

1.000
2022

1.120
2021

2.285
2021

1.544
2021

-
2021

1.390
2021

1.010
2021

-
2021

1.435
2021

-
2021

-
2021

-
2021

1.015
2021

1.602
2021

0.926
2021

1.420
2021

1.207
2021

1.627
2021

1.458
2021

1.000
2021

1.035
2021
02-28-2021

1.695
2021
02-28-2021

1.540
2021
02-28-2021

1.407
2021
11-22-2021

1.460
2021
11-22-2021

1.390
2020

1.698
2020

2.284
2020

-
2020

-
2020

1.095
2020

1.214
2020

1.435
2020

-
2020

-
2020

-
2020

0.985
2020

1.602
2020

0.926
2020

1.420
2020

1.207
2020

1.627
2020

1.020
2020

1.458
2020

0.996
2020

1.433
2020
03-28-2020

1.540
2020
09-28-2020

1.695
2020
09-28-2020

1.390
2020
09-28-2020

1.407
2019

0.849
2019

2.753
2019

-
2019

1.736
2019

1.214
2019

-
2019

-
2019

0.985
2019

1.390
2019

0.926
2019

1.407
2019

1.420
2019

1.183
2019

1.627
2019

1.020
2019

-
2019

0.996
2019

1.433
2018

1.081
2018

2.964
2018

-
2018

-
2018

0.897
2018

-
2018

0.985
2018

-
2018

-
2018

0.832
2018

1.183
2018

-
2018

1.020
2018

0.960
2018

1.433
2018

1.453
2017

1.088
2017

2.964
2017

-
2017

-
2017

-
2017

0.897
2017

0.897
2017

-
2017

0.949
2017

-
2017

0.832
2017

1.418
2017

1.183
2017

1.214
2017

-
2017

1.020
2017

1.020
2017

0.868
2017

1.433
2016

1.088
2016

-
2016

-
2016

-
2016

-
2016

0.897
2016

-
2016

0.832
2016

1.418
2016

1.183
2016

-
2016

1.020
2016

1.020
2016

1.433
2015

-
2015

-
2015

-
2015

-
2015

-
2015

0.832
2015

1.418
2015

1.020
2015

1.020
2015

1.433
2014

-
2014

-
2014

-
2014

-
2014

0.832
2014
11-22-2014

-
2014
11-22-2014

-
2014
11-22-2014

-
2013

-
2013

-
2013

-
2013

-
2013

0.832
2013

-
2013
11-22-2013

-
2012

-
2012

-
2012
11-22-2012

-
2011

-

Contacts

ZNAXLYI GWZBKW
Benefits Admin
(240) 039-4738
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HETM AMLCQZDKBT
Benefits Admin
(660) 407-1110
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XUNHLYT KKHXNPZ
Benefits Admin
(433) 680-2978
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Qyiv Amgtyf-Ndcpdi
Manager
(366) 062-2505
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LJJXJK O NOUBLEKZ
Benefits Admin
(200) 325-0789
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Eyni Mkbp
(582) 449-6226
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TFYIDV CKZGZC
Benefits Admin
(165) 033-4346
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Domain Registrant
(108) 423-8785
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(205) 466-7180
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KVDQIBJ PKTT
Benefits Admin
(676) 828-7876
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(805) 177-1575
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RXMWN ZMKEYPZ
Benefits Admin
(836) 122-1654
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Xzlvq Eltnrzevi
Domain Registrant
(259) 312-0868
oablhiqcni@vnypvvlaavnilpdno.chd

DULICR BUKLIO
Benefits Admin
(196) 734-3109
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Chief Executive Officer
(957) 468-3395
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(175) 782-2115
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Nnierwgu Tsstbouvdpy
Vice President of Operations
766
zgygiwbp.hcpnivzybho@tnvdglca.nqq

PEYJNFS RJMHAVR
Benefits Admin
(509) 612-6208
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SFLWGH XYYPAM
Benefits Admin
(729) 312-3349
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Gxdgw Quugqzei
Oncology Sales Director
7899
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Dnyk Tfzmjsyke
Senior Corporate Recruiter
(145) 714-7641
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(908) 256-3460
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WROBFJ HDNLYE
Chief Financial
(190) 135-0979
ethqmou@ynklkzyadjjnrlmbu.qxl

Industry Classification

Retirement Benefits

Financials

20212020201920182017201620152014201320122011
BOY Assets: $ 50,436,903 $ 79,779,985 $ 32,778,647 $ 32,671,030 $ 98,001,168 $ 40,704,401 $ 78,025,985 $ 18,761,172 $ 6,411,759 $ 5,922,206 $ 2
Liabilities: $ 0 $ 11 $ 10 $ 97 $ 0 $ 9 $ 57 $ 1
EE Contrib: $ 12,581,360 $ 6,739,494 $ 7,312,386 $ 7,636,700 $ 4,003,482 $ 2,910,605 $ 3,778,990 $ 4,679,462 $ 7,414,675 $ 5,088,531 $ 49,679
Emp Contrib: $ 4,614,449 $ 7,250,600 $ 4,176,554 $ 8,407,154 $ 2,567,902 $ 7,274,416 $ 5,413,721 $ 7,507,061 $ 8,140,238 $ 301,934 $ 29,174
Income/Loss: $ 7,455,717 $ 1,283,973 $ 7,031,018($ 6,159,022) $ 975,083 $ 20,093($ 126,003) $ 487,443 $ 3,436,402 $ 309,838 $ 992,696
Total Income: $ 25,769,728 $ 64,300,891 $ 37,283,239 $ 1,609,629 $ 7,378,319 $ 3,201,218 $ 7,074,039 $ 3,875,481 $ 5,316,557 $ 5,332,362 $ 749,640
Paid Benefits: $ 4,873,881 $ 5,216,436 $ 2,535,340 $ 5,317,280 $ 6,679,899 $ 8,032,672 $ 8,888,489 $ 5,260,329 $ 7,295,761 $ 4,725,201 $ 844
Expenses: $ 0 $ 18 $ 8 $ 7 $ 82 $ 391 $ 16 $ 9
  Commission: $ 240,491 $ 790,393 $ 56,557 $ 496,350 $ 25,473 $ 54,551 $ 3,214 $ 8,018 $ 39,579 $ 3,587
Net Income: $ 20,653,227 $ 73,759,592 $ 59,522,351 $ 4,388,529 $ 8,712,695 $ 2,433,539 $ 7,874,142 $ 4,374,705 $ 4,464,106 $ 4,090,892 $ 472
Net Assets: $ 71,090,130 $ 87,784,453 $ 89,027,293 $ 33,042,197 $ 47,042,742 $ 41,530,070 $ 92,688,547 $ 95,423,381 $ 23,598,503 $ 4,643,386 $ 142,063

Participants

20212020201920182017201620152014201320122011
Total Participants:15303298821647295827818265077761027
Active Part.:1339063978538937390347084892294328
Retired Part.:1696568df6c2cf2
Deceased Part.:de9fee89 e4434f703cad3

Insurance

XFEUEDSUWQ CTUCDMFXNG XGAQENAZJ ARQ JFXTHDO QUQWBVI
Renewal:12-31-2021
Covered:1530
PENSION_EOY_SEP_ACCT_AMT: 0PENSION_PREM_PAID_TOT_AMT: 0

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 0
Commission $ 0
Fees $ 18,698
Brokers

Providers

YDITQERBID NYKIKFOAAX FBBCRQGPW TIE
ICLNZFNAFA TFKFOPIAFW HADECWYJM NUVContract Administrator
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Participant loan processing
Direct payment from the plan
Recordkeeping fees
Compensation:$239,304
Relation:NONE
NFOXVNU JGCLQCFPJX OBUDSXSFDN, PAKSecurities brokerage
Securities brokerage commissions and fees
Compensation:$58,504
Relation:NONE
DWAWFJSZMP EVCVJPATL QHPJLDJ YH MDP
Source: PRUDENTIAL INVESTMENTS, LLC
Recordkeeping and information management (computing, tabulating, data processing, etc.)
Sub-transfer agency fees
Recordkeeping fees
Compensation:22.000 BPS AND $0.00 PER PARTICIPANT INVESTED IN THE FUND FROM 1/1/2021 TO 12/31/2021 PGIM GLOBAL REAL ESTATE R

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.

    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.

    2T - Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

    2R - Participant-directed brokerage accounts provided as an investment option under the plan.

Health Benefits

Financials

2021202020192018201720162015201420132012
BOY Assets: $ 0 $ 9 $ 8 $ 70 $ 2 $ 8
Liabilities: $ 0 $ 6 $ 1 $ 2 $ 95 $ 1
EE Contrib: $ 0 $ 1 $ 8,000 $ 6 $ 57
Emp Contrib: $ 0 $ 3 $ 3 $ 4 $ 22 $ 7 $ 3 $ 85
Income/Loss: $ 0 $ 7 $ 936 $ 7 $ 937 $ 7
Total Income: $ 0 $ 900,000,000 $ 18 $ 181 $ 8 $ 24 $ 126 $ 522
Paid Benefits: $ 0 $ 521 $ 19 $ 9 $ 4 $ 0 $ 70
Expenses: $ 0 $ 9 $ 7 $ 70 $ 3 $ 200 $ 16 $ 1
  Commission: $ 0 $ 9 $ 7 $ 568 $ 7 $ 6 $ 7 $ 8
Net Income: $ 0 $ 186 $ 0 $ 1 $ 46 $ 8 $ 4
Net Assets: $ 0 $ 22 $ 6 $ 0 $ 3

Participants

2021202020192018201720162015201420132012
Total Participants:13811889931415412176864907603501
Active Part.:13819174394993908237426968249606
Retired Part.:bf92d5e5c20f20d02a987
Deceased Part.:eb9fecc8f0fda22

Insurance

RCNIGZZP YPHB BNS CTYXTLCG
Renewal:12-31-2021
Covered:1381
  1. Life Insurance
  2. Temp. Disability Insurance
  3. Long Term Disab. Ins
  4. ACCIDENTAL DEATH AND DISMEMBERMENT

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 731,772
Commission0% $ 0
Fees0% $ 0
SBFWW FDXWIJ SPB KAOL BFMAURLMN RYZAHQS TTD PQIWYLEDEA
Renewal:12-31-2021
Covered:2664
  1. Dental
  2. Vision
  3. Indemnity Contract
  4. EMPLOYEE ASSISTANCE PROGRAM

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 1,135,135
Commission4.01% $ 45,518
Fees0% $ 0
Brokers
DHLDOZH MEYUM MWTPX
Renewal:12-31-2021
Covered:269
  1. LEGAL

Retention: $ 0
Claims: $ 0
Loss Ratio:
Exp Rated Premium $ 0
Non-Exp Rated Premium: $ 57,447
Commission9.33% $ 5,357
Fees1.34% $ 770
Brokers

Providers

No Providers

Features

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

    4B - Life insurance.

    4D - Dental.

    4E - Vision.

    4F - Temporary disability (accident and sickness).

    4G - Prepaid legal.

    4H - Long-term disability.

    4L - Death benefits (include travel accident but not life insurance).

    4Q - Other.