August 26, 2010
TO:
WSTIP Board of Directors
FROM:
Jerry Spears, Deputy Director
SUBJECT:
Loss Ratio Analysis
Background:
At the direction of the WSTIP Executive Committee and the WSTIP Executive Director, staff prepared a loss ratio analysis
of all members. The following factors were applied to the analysis:






We used 2007, 2008 and 2009 first party and third party loss data.
We used 2007, 2008 and 2009 actual mileage from the members
We applied the loss data and actual mileage (proportionally based) to member premiums.
We excluded Pierce Transit from consideration because they were not a first dollar member until 2010.
We limited losses to the self insured retention for each year
We calculated individual loss ratios and then split the members up by large, medium and small.
The analysis is below:
Incurred Losses
Year
Member
2007
2008
2009
Asotin Co PTBA
6,740
0
11,982
2007
2008
2009
18,722
0.20%
0.00%
0.29%
0.17%
602,238
1,932,420
254,624
2,789,282
18.21%
38.52%
6.24%
20.99%
56,104
189,484
191,692
437,280
1.70%
3.78%
4.70%
3.39%
Columbia County
117,295
45,005
0
162,300
3.55%
0.90%
0.00%
1.48%
Community Transit
593,323
456,824
2,097,457
3,147,605
17.94%
9.11%
51.43%
26.16%
0
18,287
1,434
19,720
0.00%
0.36%
0.04%
0.13%
164,277
401,532
119,459
685,267
4.97%
8.00%
2.93%
5.30%
4,945
13,382
1,928
20,256
0.15%
0.27%
0.05%
0.15%
97,290
25,138
13,626
136,054
2.94%
0.50%
0.33%
1.26%
218,387
551,651
277,513
1,047,551
6.60%
11.00%
6.81%
8.13%
64,387
60,318
81,599
206,303
1.95%
1.20%
2.00%
1.72%
4,750
117,127
23,492
145,368
0.14%
2.33%
0.58%
1.02%
Kitsap Transit
430,933
227,547
271,133
929,613
13.03%
4.54%
6.65%
8.07%
Link Transit
167,886
19,470
25,718
213,074
5.08%
0.39%
0.63%
2.03%
Mason County Transit
177,059
73,767
135,644
386,471
5.35%
1.47%
3.33%
3.38%
Ben Franklin Transit
Clallam Transit
Cowlitz Transit Authority
Everett Transit
Grant Transit
Grays Harbor Transit
Intercity Transit
Island Transit
Jefferson Transit
Pacific Transit
Pullman Transit
Grand Total
Average
0
550
0
550
0.00%
0.01%
0.00%
0.00%
939
34,720
19,502
55,161
0.03%
0.69%
0.48%
0.40%
Skagit Transit
7,964
22,679
84,719
115,362
0.24%
0.45%
2.08%
0.92%
345,673
689,266
316,215
1,351,153
10.45%
13.74%
7.75%
10.65%
Twin Transit
77,121
10,951
29,031
117,103
2.33%
0.22%
0.71%
1.09%
Valley Transit
12,923
43,478
6,207
62,609
0.39%
0.87%
0.15%
0.47%
127,846
70,185
47,415
245,446
3.87%
1.40%
1.16%
2.14%
Spokane Transit
Whatcom Transit
Yakima Transit
Grand Total
Actual Mileage
29,518
12,620
67,586
109,724
0.89%
0.25%
1.66%
0.93%
3,307,598
5,016,400
4,077,974
12,401,972
100.00%
100.00%
100.00%
100.00%
2007
2008
2009
Average
Year
Member
Exposure
2007
2008
2009
75,452
200,560
273,910
549,922
Small
0.11%
0.26%
0.35%
0.24%
Ben Franklin Transit
8,575,096
9,711,211
10,193,880
28,480,187
Large
12.21%
12.73%
13.09%
12.68%
Clallam Transit
2,168,939
2,157,965
2,249,696
6,576,600
3.09%
2.83%
2.89%
2.94%
Asotin Co PTBA
Columbia County
Grand Total
Category
Medium
277,000
324,900
376,000
977,900
Small
0.39%
0.43%
0.48%
0.43%
16,201,285
17,978,385
18,350,388
52,530,058
Large
23.06%
23.57%
23.57%
23.40%
218,027
219,083
217,942
655,052
Small
0.31%
0.29%
0.28%
0.29%
Everett Transit
2,161,079
2,188,764
2,319,392
6,669,235
Medium
3.08%
2.87%
2.98%
2.97%
Grant Transit
1,115,601
1,508,219
1,478,673
4,102,493
Small
1.59%
1.98%
1.90%
1.82%
Grays Harbor Transit
1,918,162
2,010,255
2,026,428
5,954,845
Medium
2.73%
2.64%
2.60%
2.66%
Intercity Transit
5,904,153
7,004,893
7,359,724
20,268,770
Large
8.40%
9.18%
9.45%
9.01%
Island Transit
3,171,447
3,099,971
3,832,253
10,103,671
Large
4.51%
4.06%
4.92%
4.50%
896,230
876,430
933,254
2,705,914
Small
1.28%
1.15%
1.20%
1.21%
Kitsap Transit
7,057,990
6,772,043
5,945,236
19,775,269
Large
10.05%
8.88%
7.64%
8.85%
Link Transit
2,205,821
2,337,714
2,360,840
6,904,375
Medium
3.14%
3.06%
3.03%
3.08%
Mason County Transit
993,462
1,248,167
1,209,187
3,450,816
Small
1.41%
1.64%
1.55%
1.53%
Pacific Transit
440,632
452,196
461,229
1,354,057
Small
0.63%
0.59%
0.59%
0.60%
Pullman Transit
372,993
397,504
412,955
1,183,452
Small
0.53%
0.52%
0.53%
0.53%
Skagit Transit
1,774,369
1,894,448
2,111,980
5,780,797
Medium
2.53%
2.48%
2.71%
2.57%
Spokane Transit
8,659,432
9,172,054
9,147,132
26,978,618
Large
12.33%
12.02%
11.75%
12.03%
Twin Transit
409,328
456,091
373,040
1,238,459
Small
0.58%
0.60%
0.48%
0.55%
Valley Transit
476,542
505,068
526,889
1,508,499
Small
0.68%
0.66%
0.68%
0.67%
Whatcom Transit
3,488,976
3,759,651
3,878,870
11,127,497
Large
4.97%
4.93%
4.98%
4.96%
Yakima Transit
1,691,423
2,010,869
1,815,742
5,518,034
Medium
2.41%
2.64%
2.33%
2.46%
70,253,439
76,286,441
77,854,640
224,394,520
100.00%
100.00%
100.00%
Community Transit
Cowlitz Transit
Authority
Jefferson Transit
Grand Total
Member Premiums
Jan - Dec 07
Jan - Dec 08
Jan - Dec 09
10,000
20,000
26,305
501-01 · Ben Franklin
626,988
686,905
1,011,038
501-02 · Clallam
198,475
214,115
230,550
501-25 · Asotin County
501-21 · Columbia County
22,601
26,482
35,334
1,838,803
1,817,681
1,898,866
25,574
25,149
25,766
501-23 · Everett Transit
199,717
220,440
281,733
501-14 · Grant Transit Authority
108,856
150,611
130,317
501-04 · Grays Harbor
178,873
185,556
205,843
501-05 · Intercity
585,163
674,408
721,610
501-06 · Island
216,496
284,627
330,245
95,899
84,798
89,105
501-08 · Kitsap
667,356
724,747
656,182
501-09 · Link
218,950
232,273
251,446
501-11 · Mason
127,623
125,412
120,694
501-10 · Pacific
48,885
48,623
49,448
501-16 · Pullman Transit
37,324
38,608
38,407
501-12 · Skagit
168,684
209,159
234,939
501-19 · Spokane Transit
501-03 · Community
501-22 · Cubs
501-07 · Jefferson
714,445
999,412
924,315
501-15 · Twin Transit
44,412
45,185
48,001
501-20 · Valley Transit
55,523
78,786
79,562
501-13 · Whatcom
389,622
443,527
363,211
501-24 · Yakima Transit
123,051
146,909
187,987
6,703,319.46
7,483,413.12
7,940,903.99
Total 501 · MEMBER CONTRIBUTIONS
610 · INSURANCE SERVICES
626 · Captive - $2M xs $2M
0.00
0.00
357,500.00
611 · Primary - $1M xs $1M
446,929.96
606,861.96
431,983.33
Reinsurance - $8M xs $4M
1,002,924.00
631,443.96
429,459.30
612 · Excess - Above $12M
160,544.04
144,760.07
145,525.07
622 · Property
219,419.82
266,908.04
267,856.29
Blanket Pollution
65,171.04
65,171.04
50,711.10
Underground Storage Tank Cov
32,002.00
32,751.88
36,739.68
624 · Crime and Fidelity
14,806.96
14,838.01
14,218.39
1,941,797.82
1,762,734.96
1,733,993.16
Total 610 · INSURANCE SERVICES
Underwriting
Loss Ratio
Asotin Co PTBA
Ben Franklin Transit
Clallam Transit
Columbia County
Community Transit
Cowlitz Transit Authority
Everett Transit
Grant Transit
2007
2008
2009
Average
Category
85.16%
0.00%
59.30%
48.15%
Small
154.43%
417.81%
32.48%
201.57%
Large
40.50%
115.36%
106.23%
87.37%
784.86%
237.19%
0.00%
340.68%
Small
42.65%
32.58%
140.75%
72.00%
Large
0.00%
91.04%
6.86%
32.63%
Small
117.35%
236.38%
51.92%
135.22%
Medium
Medium
6.34%
11.56%
1.98%
6.63%
Grays Harbor Transit
77.30%
18.07%
8.48%
34.62%
Medium
Intercity Transit
51.75%
107.63%
49.76%
69.71%
Large
Island Transit
49.98%
28.32%
33.32%
37.20%
Large
6.68%
181.46%
34.38%
74.17%
Small
91.25%
40.04%
51.77%
61.02%
Large
Link Transit
106.27%
10.92%
12.93%
43.37%
Medium
Mason County Transit
176.77%
76.39%
144.67%
132.61%
Small
Jefferson Transit
Kitsap Transit
Small
Pacific Transit
0.00%
1.44%
0.00%
0.48%
Small
Pullman Transit
3.48%
118.00%
66.76%
62.75%
Small
Skagit Transit
6.66%
13.71%
45.09%
21.82%
Medium
72.76%
87.53%
43.88%
68.06%
Large
233.01%
31.61%
73.14%
112.58%
Small
Valley Transit
30.51%
64.78%
9.15%
34.82%
Small
Whatcom Transit
43.61%
19.68%
17.13%
26.80%
Large
Yakima Transit
38.69%
12.56%
45.81%
32.35%
Medium
Spokane Transit
Twin Transit
Large
2007
2008
2009
Ben Franklin Transit
154.43%
417.81%
32.48%
Community Transit
42.65%
32.58%
140.75%
Intercity Transit
51.75%
107.63%
49.76%
Island Transit
49.98%
28.32%
33.32%
Kitsap Transit
91.25%
40.04%
51.77%
Spokane Transit
72.76%
87.53%
43.88%
Whatcom Transit
43.61%
19.68%
17.13%
Average
72.35%
104.80%
52.73%
Medium
2007
2008
2009
Clallam Transit
40.50%
115.36%
106.23%
Everett Transit
117.35%
236.38%
51.92%
Grays Harbor Transit
77.30%
18.07%
8.48%
106.27%
10.92%
12.93%
Skagit Transit
6.66%
13.71%
45.09%
Yakima Transit
38.69%
12.56%
45.81%
Average
64.46%
67.84%
45.08%
2007
2008
2009
Asotin Co PTBA
85.16%
0.00%
59.30%
Columbia County
784.86%
237.19%
0.00%
Cowlitz Transit Authority
0.00%
91.04%
6.86%
Grant Transit
6.34%
11.56%
1.98%
Jefferson Transit
6.68%
181.46%
34.38%
176.77%
76.39%
144.67%
Pacific Transit
0.00%
1.44%
0.00%
Pullman Transit
3.48%
118.00%
66.76%
233.01%
31.61%
73.14%
30.51%
64.78%
9.15%
132.68%
81.35%
39.62%
Link Transit
Small
Mason County Transit
Twin Transit
Valley Transit
Average