Hubbell Incorporated & Subsidiariesbenefits

Hubbell Incorporated & Subsidiaries's benefits plans covered 8,868 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $73,680. Insurance brokers and agents were paid $365,181 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 495.6% of premiums. That is $41 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 8.2% from $337,520 in 2023.