Welfare broker

REUBEN WARNER ASSOCIATES, INC.

Mailing address (most recent filing)

COMPAMY

32110 AGOURA RD

WESTLAKE VILLAGE, CA 91361

Total comp: $21.1M
Commissions: $10.1M
Fees: $11.0M
Filings: 1,449
Sponsors: 1,449

Carrier mix

Where REUBEN WARNER ASSOCIATES, INC. places premium. Concentrated in 1-2 carriers = captive distribution; spread across many = open-architecture broker.

LIFE INSURANCE COMPANY OF NORTH AMERICA31.4%
HARTFORD LIFE AND ACCIDENT11.4%
CIGNA HEALTH AND LIFE INSURANCE COMPANY11.4%
UNUM LIFE INSURANCE COMPANY OF AMERICA8.6%
KAISER FOUNDATION HEALTH PLAN INC8.6%
ZURICH AMERICAN INSURANCE COMPANY5.7%
VISION SERVICE PLAN5.7%
UNITEDHEALTHCARE INSURANCE COMPANY5.7%
Other (2)11.4%

Top carrier partners

Carriers ranked by plan count placed.

Carrier	Plans	Premium	Share
LIFE INSURANCE COMPANY OF NORTH AMERICA	11	$309K	31.4%
HARTFORD LIFE AND ACCIDENT	4	$405K	11.4%
CIGNA HEALTH AND LIFE INSURANCE COMPANY	4	$16.7M	11.4%
UNUM LIFE INSURANCE COMPANY OF AMERICA	3	$13.8M	8.6%
KAISER FOUNDATION HEALTH PLAN INC	3	$27.0M	8.6%
ZURICH AMERICAN INSURANCE COMPANY	2	$49K	5.7%
VISION SERVICE PLAN	2	$1.3M	5.7%
UNITEDHEALTHCARE INSURANCE COMPANY	2	$3.0M	5.7%
NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA	2	$28K	5.7%
METROPOLITAN LIFE INSURANCE COMPANY	2	$717K	5.7%

Top states · with penetration index

Plan count by state. Index > 1.0means over-indexed vs the broker's national share.

State	Plans	Premium	State share	Index
MD	9	$21.2M	0.6%	12.69x
CA	8	$30.9M	0.1%	2.00x
NY	7	$174K	0.1%	2.72x
MO	4	$1.2M	0.1%	1.40x
IL	3	$98K	0.1%	1.67x
DC	3	$4.5M	0.5%	10.41x
CO	3	$1.1M	0.2%	4.78x
TX	2	$24.3M	0.0%	0.66x
GA	2	$98K	0.0%	0.60x
FL	2	$735K	0.0%	1.00x

Top industries by premium

NAICS-2 sectors where this broker places the most welfare premium.

Sponsor-size mix

Plan count by total participants. Reveals whether this broker is a mid-market player or jumbo-employer specialist.

Broker compensation as % of premium

Distribution of REUBEN WARNER ASSOCIATES, INC.'s plans by broker comp / premium ratio. Median 11.38% vs welfare-wide median 6.29% (n=48).

Prospect-flag exposure · vs market baseline

Share of REUBEN WARNER ASSOCIATES, INC.'s book where each ERISA welfare flag is tripped, alongside the market-wide rate.

51-51 of 51 sponsors where REUBEN WARNER ASSOCIATES, INC. is the primary broker (latest filing per plan)

Sponsor	Loc	Premium	Comp	Carrier
ROKU, INC. ROKU, INC. WELFARE BENEFIT PLAN	CA	$10.7M	$-32K	KAISER FOUNDATION HEALTH PLAN, INC.

Carrier

Plans

Premium

LIFE INSURANCE COMPANY OF NORTH AMERICA

$309K

31.4%

HARTFORD LIFE AND ACCIDENT

$405K

11.4%

CIGNA HEALTH AND LIFE INSURANCE COMPANY

$16.7M

11.4%

UNUM LIFE INSURANCE COMPANY OF AMERICA

$13.8M

8.6%

KAISER FOUNDATION HEALTH PLAN INC

$27.0M

8.6%

ZURICH AMERICAN INSURANCE COMPANY

$49K

5.7%

VISION SERVICE PLAN

$1.3M

5.7%

UNITEDHEALTHCARE INSURANCE COMPANY

$3.0M

5.7%

NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA

$28K

5.7%

METROPOLITAN LIFE INSURANCE COMPANY

$717K

5.7%

State

Plans

Premium

State share

Index

$21.2M

0.6%

12.69x

$30.9M

0.1%

2.00x

$174K

0.1%

2.72x

$1.2M

0.1%

1.40x

$98K

0.1%

1.67x

$4.5M

0.5%

10.41x

$1.1M

0.2%

4.78x

$24.3M

0.0%

0.66x

$98K

0.0%

0.60x

$735K

0.0%

1.00x

Sponsor

Loc

Premium

Comp

Carrier

ROKU, INC.

ROKU, INC. WELFARE BENEFIT PLAN

$10.7M

$-32K

KAISER FOUNDATION HEALTH PLAN, INC.