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THEN NOW NEXT 2014 Annual Report

Be the best workers compensation insurance carrier in Maryland. Our Vision To provide Maryland businesses with a readily available source for workers compensation insurance that features high qualit

Balance Sheet Statutory Basis As of December 31 2014 2013 Bonds ............ ................................................... 1,444,409,039 1,389,641,842 Preferred stock........................

Presidents Message I am so very proud to be leading this great company and team of dedicated associates as we celebrate our Centennial anniversary. This report will highlight a few significant events

Lewis C. Powell Chairman Charles Dankmeyer Vice Chairman Rocky V. Gonzalez Secretary Joseph Coale Treasurer Paul V. Gill, Sr. Board Member Wayne Gioioso, Sr. Board Member Leonard Bud Schuler, Jr

THEN LR Chip Peterson, Jr. , Police Chief George P.W. Coudon, CIC, Crothers Insurance Tina Thomas Lyght, Senior Underwriter, Chesapeake Employers Calvin Bonenberger, Jr., Town Administrator Travis Mar

100th ANNUAL REPORT Anniversary 2014 Town of Rising Sun The Town of Rising Sun, in Cecil County, Maryland, is Chesapeake Employers oldest policyholder. In 1720, Henry Reynolds established a stone t

NOW LR Bill Cress, Underwriting Supervisor Chesapeake Employers Richard Born, Herman Born Sons Rick Born, President, Herman Born Sons Debra Anders, Secretary Treasurer, Herman Born Sons Eric Kasten

100th ANNUAL REPORT Anniversary 2014 Herman Born Sons Herman Born Sons, a commercial truck repair company, has been in business for 163 years. It was originally established in downtown Baltimore

NEXT LR Robert Black, President, Catoctin Mountain Orchard Bobby Phelan, Insurance Brokers of Maryland Kylie Robertson, granddaughter, standing Patricia Black, Coowner, Catoctin Mountain Orchard Wyat

100th ANNUAL REPORT Anniversary 2014 Catoctin Mountain Orchard Thurmonts Catoctin Mountain Orchard has been in the Black family for four generations and a Chesapeake policyholder since 2013. It beg

Anniversary ANNUAL REPORT 100th 2014 Our Story u AcoalminerfromAllegany County turned Maryland State Senator,DavidJ.Lewis, sponsoredthefirstworkers compensationlegislationinMaryland. u This led

uIn1951,theFundwrote1millioninannual premium. uTheFundpromotedanewslogantoits policyholders,Security,Service,Savingsand CooperationinAccidentPrevention. u In 1964, the Fund celebrated its 50th ann

100th ANNUAL REPORT Anniversary 2014 1970s 1980s u TheFundinsured9,400policyholdersin1983. uIn1987,theFundwrote100million inannualpremium. uIn1972,thenationalworkplaceinjury ratewas10.9inciden

uIn1990,theStateAccidentFundchanged itsnametotheInjuredWorkersInsurance FundIWIF. uIn1996,IWIFbeganpartneringwith Marylandsinsuranceagentcommunity. uIn2013,IWIFbecameChesapeakeEmployers InsuranceC

ANNUAL REPORT 100th Our Operations Highlights Anniversary 2014 2,000 1,750 1,500 1,250 1.98 Billion 1,400 1.35 Billion 1,200 75 1,000 60 49 In Millions 45 In Millions 800 1,000 750 500 250

Our Celebrations A cornerstone of our 100th anniversary celebration included the launch of our VolunCheer Program. The initiative encouraged employees to volunteer and cheer on deserving nonprofit org

Chesapeake Employers Insurance Company Financial Highlights at a Glance Years Ended December 31 2014 2013 Premiums earned .................................... Net investment income ...................

Published by the Chesapeake Employers Insurance Company Communications Department Photo credits Mark Swisher, pgs. 49 Cecil County Historical Society, , pg. 5 Herman Born Sons, pg. 7 Photo collection

8722 Loch Raven Blvd. Towson, MD 21286 PRSRT STD U.S. POSTAGE Permit No. 1962 Baltimore, MD PAID 2014 Annual Report