b'WCRB To All Stakeholders, The Workers Compensation rate change submitted to and approved by the Office of the Commissioner of Insurance took effect October 1 stof this past year.The overall rate change of -3.20% marks a full decade of consecutive annual rate decreases. It is important to note that this trend is not specic to Wisconsin. It is a countrywide trend.Wisconsins Industry Group Rate Changes were as follows:Manufacturing-3.39% Contracting-6.88% Office & Clerical +1.35% Goods and Services-1.55% Miscellaneous-5.04%OVERALL-3.20%It is important to note that the Bureau has embarked on a large-scale rebuilding of our operating system, which is scheduled for completion in the 3 rdquarter of 2027. As one might imagine, a very large volume of data ows through, and is held within, our system and its databases.Our bureau team is working carefully and methodically through the complexities of our build to ensure data security, more efficient data ow and ease of use.We have decreased the Bureaus office footprint (and rent) by approximately one-third and recongured the smaller area to provide for a more engaging and modern work environment for current and future workers.The Bureau workforce is stable. Unfortunately, with retirement comes the challenge of replacing institutional knowledge.We have been planning for the retirement of valued employees, those who have left in the past and others on the horizon through managing an ongoing 10-year succession plan, which has helped ensure stability for the Wisconsin Compensation Rating Bureau for many years to come.Sincerely, Bernard L. Rosauer Bernard L. Rosauer President Wisconsin Compensation Rating Bureau2'