Insurance carrier

ARMADACARE

Total premium: $22.0M
Filings: 143
Sponsors: 143
Covered lives: 24,909
Market share: 0.01%

health: 106dental: 21vision: 19life: 1drug: 37

Funding-model mix

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

Mixed375.0%
Fully insured125.0%

Benefit-line mix

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

Health10657.6%
Prescription drug3720.1%
Dental2111.4%
Vision1910.3%
Life10.5%

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	$578K	0.0%	6.40x
NE	1	$1.0M	0.1%	40.50x
MO	1	$491K	0.0%	4.57x

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.

1-4 of 4 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
C. HAGER & SONS HINGE MANUFACTURING COMPANY LIFE INS, AD&D, DISABILITY INCOME, MEDICAL CARE, DENTAL AND VISION PLAN FOR ALL EES OF C. HAGER & SONS HINGE MFG COMPANY & SUBSIDIARIES	MO	$491K	312	mixed	LOCKTON COMPANIES, LLC
THE RAYMOND GROUP THE RAYMOND GROUP HEALTH AND WELFARE PLAN	CA	$442K	160	mixed	ADVOCATE INC
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

$578K

0.0%

6.40x

$1.0M

0.1%

40.50x

$491K

0.0%

4.57x

Sponsor

Loc

Premium

Covered

Funding

Broker

THE SCOULAR COMPANY

THE SCOULAR COMPANY EMPLOYEE BENEFITS PLAN

$1.0M

1,205

mixed

LOCKTON SPECIALTIES, LLC

C. HAGER & SONS HINGE MANUFACTURING COMPANY

LIFE INS, AD&D, DISABILITY INCOME, MEDICAL CARE, DENTAL AND VISION PLAN FOR ALL EES OF C. HAGER & SONS HINGE MFG COMPANY & SUBSIDIARIES

$491K

312

mixed

LOCKTON COMPANIES, LLC

THE RAYMOND GROUP

THE RAYMOND GROUP HEALTH AND WELFARE PLAN

$442K

160

mixed

ADVOCATE INC

NORCAL RENTAL GROUP, LLC

NORCAL RENTAL GROUP, LLC HEALTH AND WELFARE PLAN

$136K

231

fully insured

NFP CA INSURANCE SERVICES