Insurance carrier

ARMADACARE

Total premium: $19.1M
Filings: 135
Sponsors: 135
Covered lives: 26,667
Market share: 0.01%

health: 102dental: 21vision: 19life: 2drug: 37

Funding-model mix

The strategic axis. Fully-insured carriers underwrite the risk; ASO/self-funded carriers admin only. MEWA = multi-employer welfare arrangement.

Mixed266.7%
Fully insured133.3%

Benefit-line mix

Contract counts by benefit type. Monoline carriers concentrate in one wedge; full-suite carriers spread across many.

Health10256.4%
Prescription drug3720.4%
Dental2111.6%
Vision1910.5%
Life21.1%

Top states · with penetration index

Plan count by state. Index > 1.0 means over-indexed vs the national share; the carrier dominates that state.

State	Plans	Premium	State share	Index
CA	2	$518K	0.0%	8.50x
NE	1	$1.0M	0.1%	53.64x

Top industries by premium

NAICS-2 sectors where this carrier writes the most welfare premium.

Sponsor-size mix

Plan count by total participants. Mid-market sales motion vs jumbo enterprise looks completely different.

Prospect-flag exposure · vs market baseline

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

1-3 of 3 sponsors where ARMADACARE is the primary carrier (latest filing per plan)

Sponsor	Loc	Premium	Covered	Funding	Broker
THE SCOULAR COMPANY THE SCOULAR COMPANY EMPLOYEE BENEFITS PLAN	NE	$1.0M	1,205	mixed	LOCKTON SPECIALTIES, LLC
THE RAYMOND GROUP THE RAYMOND GROUP HEALTH AND WELFARE PLAN	CA	$382K	156	mixed	BURNHAM BENEFITS INSURANCE SERVICES
NORCAL RENTAL GROUP, LLC NORCAL RENTAL GROUP, LLC HEALTH AND WELFARE PLAN	CA	$136K	231	fully insured	NFP CA INSURANCE SERVICES

State

Plans

Premium

State share

Index

$518K

0.0%

8.50x

$1.0M

0.1%

53.64x

Sponsor

Loc

Premium

Covered

Funding

Broker

THE SCOULAR COMPANY

THE SCOULAR COMPANY EMPLOYEE BENEFITS PLAN

$1.0M

1,205

mixed

LOCKTON SPECIALTIES, LLC

THE RAYMOND GROUP

THE RAYMOND GROUP HEALTH AND WELFARE PLAN

$382K

156

mixed

BURNHAM BENEFITS INSURANCE SERVICES

NORCAL RENTAL GROUP, LLC

NORCAL RENTAL GROUP, LLC HEALTH AND WELFARE PLAN

$136K

231

fully insured

NFP CA INSURANCE SERVICES