revision preference src: Rather than a co-op, as each of the previous sections has described, a captive is a subsidiary created to provide benefits to its parent company or companies -- although when a captive is offered by more than one employer. <SEP> tgt: Rather than a co-op, as each of the previous sections has described, a captive is a subsidiary created to provide benefits to its parent company or companies --. When a captive is offered by more than one employer.