Chesapeake Employers Insurance Comp Any

Organization Overview

Chesapeake Employers Insurance Comp Any is located in Towson, MD. The organization was established in 2014. According to its NTEE Classification (Y25) the organization is classified as: State-Sponsored Workers Compensation Reinsurance Organizations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2019, Chesapeake Employers Insurance Comp Any employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Employers Insurance Comp Any is a 501(c)(27) and as such, is described as a "State-Sponsored Workers' Compensation Reinsurance Organization" by the IRS.

For the year ending 12/2019, Chesapeake Employers Insurance Comp Any generated $343.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $187.7m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

CHESAPEAKE EMPLOYERS' INSURANCE COMPANY WAS ESTABLISHED BY STATUTE TO BE THE WORKERS' COMPENSATION INSURER OF LAST RESORT AS WELL AS A COMPETITIVE INSURER IN THE STATE OF MARYLAND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CHESAPEAKE EMPLOYERS' INSURANCE COMPANY HAD OVER 22,000 IN-FORCE POLICIES AND WAS MANAGING MORE THAN 3,450 OPEN CLAIMS AT DECEMBER 31, 2019.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vgm Group Inc
Medical/health Services
$2,147,131
Express Scripts Inc
Medical/health Services
$2,161,211
University Of Md Medical System Corp
Medical/health Services
$1,620,951
Brown Capital Management
Investment Services
$975,054
Johns Hopkins Hospital
Medical/health Services
$1,116,179
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$206,032,392
Investment income $78,271,180
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $59,340,986
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $343,725,559

Grants Awarded

Over the last fiscal year, Chesapeake Employers Insurance Comp Any has awarded $17,860 in support to 2 organizations.

Grant RecipientAmount

COLON CANCER ALLIANCE INC

Org PageRecipient Profile

Washington, DC

PURPOSE: GENERAL SUPPORT

$12,360

FRANCISCAN CENTER INC

Org PageRecipient Profile

Baltimore, MD

PURPOSE: GENERAL SUPPORT

$5,500
View Grant Profile

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