Company information

SAIF's leadership principles

1) Real people depend on us every day.
Each policyholder and each injured worker is a person with a name and a story. No one is just a number.

2) We are not just another insurance company.
We have an important statutory charter. Our role as a public corporation carries with it the responsibility to set the standard for the industry and to behave as a public entity.

3) Stability is important.
We have been here since 1914. The people of Oregon can depend on SAIF.

4) Competition is good for Oregon, and it is good for SAIF.
We are committed to the three-way workers' compensation system (SAIF, private carriers, self-insureds) that has existed since 1966.

5) The financial stability of the Industrial Accident Fund is our most important responsibility.
We have to ensure that we have adequate reserves and surplus for injured workers long after all of us are gone.

6) We operate with integrity in everything we do.
We are accountable, open, and transparent. The people of Oregon deserve nothing less.

7) We strive for simplicity.
Doing business with SAIF needs to be as easy as possible for policyholders, injured workers, and the medical community.

8) We are committed to superior customer service.
We will continue to be responsive to our customers' needs.

9) We are fair.
We make decisions objectively and consistently while recognizing that every policyholder and injured worker is unique.

10) Innovation is good.
We work every day to improve our insurance operations and our corporate management.

SAIF fact sheet

SAIF Corporation is a not-for-profit, state-chartered workers' compensation company. We make workers' compensation insurance affordable and available to the employers of Oregon. And we strengthen the Oregon economy by helping to keep workers' compensation insurance costs low while keeping the workplace safe.

SAIF was created by the people of Oregon through the Oregon state legislature. We began in 1914 as a state agency, and in 1980 we became the nation's first public corporation specializing in workers' compensation insurance.

A five-member board of directors appointed by the governor oversees the operation of SAIF and appoints the corporation's president. Brenda JP Rocklin has served as president and chief executive officer of SAIF since August 12, 2004.

Our corporate headquarters are in Salem, Oregon, and our regional offices are in Baker City, Bend, Eugene, Medford, North Bend, Portland, and Roseburg. All our offices provide loss control, marketing, premium audit, investigation, and return-to-work services for our customers.

SAIF's place in the market

• Number of customers insured (including share of assigned risk pool) (as of Dec. 31, 2010) | 46,561
• Premium market share (2010) | 44.9 percent
• Total investments (2010) | $4.1 billion
• Loss and loss adjustment expense reserves (2010) | $3.0 billion
• Direct earned premium (2010) | $331.7 million
• Investment income (2010) | $397.3 million
• Dividend paid (2010) | $200.5 million

Claims management

• Total number of reported claims (year-end 2010) | 32,285
• Total number of claims accepted (year-end 2010) | 27,420
• Total number of claims denied (year-end 2010) | 4,338
• Requests for hearings (2010; includes assigned risk accounts) | 2,833

Fraud/Investigation/Third party

• Total investigations completed (2010) | 5,122
• Injured worker convictions, judgments, and settlements (2010) | 24
• Third party recoveries (2010) | $6,905,750 credited to employers

SAIF Corporation

• Nearly 50 percent of the workers' compensation insurance policies in Oregon are issued by SAIF.
• SAIF is the 20th largest issuer of workers' compensation policies by direct written premium volume in the United States.
• On average, SAIF makes claims decisions in half the time allowed by law, and we consistently provide the first time-loss check to injured workers more quickly than our competitors.
• Over the past five years, over 99 percent of SAIF's policyholders have continued to do business with us.
• SAIF's competitiveness helps keep Oregon's pure premium rates among the lowest in the nation; rates have declined or remained steady in every year since 1990.
• SAIF employees (as of Dec. 31, 2010) | 814
• SAIF monthly payroll (as of Dec. 31, 2010) | $4.65 million

Updated 9/28/2011