Strategic Business Plan 2005

Cover Strategic Business Plan 2005
Strategic Business Plan 2005
State Compensation Mutual Insurance Fund (Mont.)
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The following objectives are the corporate level key success measures that will be used to gauge strategic and financial success. We have established five financial success measures and one qualitative measure that together will facilitate the achievement of our goals.
I. Achieve targeted fiscal year Net Operating Income before dividend of $7.1 million.
2. Achieve total Net Earned Premium of $146.9 million.
3. Achieve Calendar Year Loss Ratio of 8 1 .2%.
4. Maintain an Expense Ratio of 29.0% or
... less.
5. Achieve Investment Income of $23.7 million.
6.Achieve Strategic Initiatives.
Montana State Fund 2005 Strategic Business Plan ♦ Strategic Initiatives Strategic Initiatives Strategic initiatives are significant multi-departmental projects that represent how MSF will achieve our strategic goals. The strategy is supported by six strategic success measures (five financial/one qualitative).
Specific tactical milestones, in turn, support the strategic success measures.The tactics give way to multi- functional activities (Key Performance Indicators) that are both actionable and measurable.


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