Captive Case Study
$250M Multifamily Portfolio
Same coverage. Same carriers. 35% less premium.
The Portfolio
A clean, well-managed portfolio — loss ratio under 15% for five straight years — that still saw its premium climb at every renewal. That gap is exactly what a captive is built to close.
Total Insured Value (TIV)
$250,000,000
Units / Doors
1,351
$185,000 insured value per unit
Communities
~8
~180 units each
5-Year Loss Ratio
<15%
yet premiums kept rising every renewal
What They Pay Today
Placed the traditional way — retail → wholesale → carrier — at 0.44% of insured value.
Current Annual Premium
$1,100,000
Per Unit
$814/yr
property, GL, umbrella blended
The Three Levers
Aggregation
11%$121,000 / yr saved
We approach the reinsurance market as a single ~$5.5 billion portfolio, not dozens of mid-sized owners. That scale commands pricing and terms no owner in this range could negotiate alone.
Direct Distribution
13%$143,000 / yr saved
A traditional placement bakes retail + wholesale commission into every premium dollar. We distribute directly, so that load comes out of your cost rather than into someone else's.
Captive Retention
11%$121,000 / yr saved
The underwriting profit your low-loss portfolio generates normally belongs to the carrier. In the captive, that margin stays in the program for its members.
Just over a third of premium, without touching a single term of coverage.
The Bottom Line
Premium Today
$1,100,000
0.440% of TIV — $814/unit
Premium in the Captive
$715,000
0.286% of TIV — $529/unit
Annual Savings
$385,000 (35%)
5-Year Savings
$1,925,000
What Can You Expect?
This is one portfolio's math. Every member's savings depend on their own loss history, TIV, and current placement — but most low-loss owners see a similar pattern.
25–40%
typical premium savings
60%+
for the strongest loss histories
Ready to Own Your Insurance?
Be among the first to join Real Property Captive and transform your insurance spend into owned equity. Our protected cell structure is designed to make captive insurance accessible to mid-sized real estate owners.
