LWCC Acquisition of Prescient National

On 12/18/2024, LWCC announced it has entered into a definitive agreement to acquire Prescient National (“Prescient”)

• Prescient is a high-performing national workers’ compensation insurance company headquartered in Charlotte, North Carolina

The acquisition will connect two top-performing workers’ comp companies with a shared commitment to stakeholders and a culture of excellence

• Along with diversifying LWCC’s investment portfolio, both companies expect to learn from and leverage the other’s strengths for their mutual benefit

Prescient will continue to operate as a separate business in Charlotte, North Carolina

Prescient specializes in delivering forward-thinking workers’ compensation insurance solutions to employers throughout the United States

• Provides tailored risk management, claims handling, and coverage programs that help employers address today’s needs while preparing for the future
• Started as an MGA in 2004 and began writing business via an owned licensed carrier in 2007
• Holds an “A” (Excellent) Financial Strength Rating from A.M. Best

LWCC is a private mutual workers’ compensation insurance company headquartered in Baton Rouge, Louisiana

• As Louisiana’s largest workers’ compensation insurance carrier, LWCC provides security and stability to over 18,000 policyholders
• Has been consistently recognized by industry leaders and named to the Ward’s 50® group of top-performing insurance companies
• Has ~$945mm of Statutory Capital & Surplus as of 9/30/2024
• Holds an “A” (Excellent) Financial Strength Rating from A.M. Best

HCMA is acting as exclusive financial advisor to Prescient; key roles and responsibilities include:

• Preparation of detailed financial and valuation analysis
• Creation of marketing materials and financial packages
• Identifying potential buyers and managing an organized, efficient and highly competitive process
• Assisting in the negotiations of final transaction terms and conditions
• Providing objective advice and acting as a confidant to Prescient throughout the process