Ward Group Recognizes 2008 Ward’s 50 Top Performing Insurance Companies
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The list of Ward’s 50 top performing insurance companies was released by Ward Group, a consulting firm that specializes in the insurance industry and the leading provider of benchmarking and best practices services.
Annually, Ward Group analyzes the financial performance of insurance companies domiciled in the United States and identifies the top performers in both the life-health and property-casualty segments. This group of top performers is called the Ward’s 50 for the year. Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. Over 3,000 property-casualty insurance companies and over 850 life-health insurance companies were included in the analysis.
Over the last decade, the insurance industry has changed dramatically with new technology, changing customer and employee demographics and increasingly competitive market conditions. “It is important for companies to remain focused on meeting revenue goals while maintaining an efficient operating model that enables them to meet customer demands,” explains Jeff Rieder, President of Ward Group. “The best companies excel at balancing expense management, technology deployment and customer service.” The Ward’s 50 property-casualty insurance companies produced an 18.7% return on average equity from 2003 to 2007 compared to 14.6% for the property-casualty industry overall. The Ward’s 50 life-health insurance companies produced a 17.5% return on average equity from 2003 to 2007 compared to 13.1% for the life-health industry overall.
The Ward’s 50 benchmarks are available in Ward’s Results, an insurance industry financial reference series. To learn more about the Ward’s 50 and Ward Group operational benchmarking and consulting services, visit www.wardinc.com.
2008 Ward’s 50 Top Performers - Life-Health Companies
(listed alphabetically)
- AEGON USA Group
- Aetna Life Insurance Company
- AFLAC
- AIG SunAmerica Life Insurance Company
- Alfa Life Insurance Corporation
- American Family Life Insurance Company
- American National Insurance Company
- Amica Life Insurance Company
- Anthem Blue Cross Life & Health Insurance Co.
- Auto-Owners Life Insurance Company
- AXA Equitable Life Insurance Company
- Centurion Life Insurance Company
- CIGNA Group
- Cincinnati Life Insurance Company
- Combined Insurance Company of America
- Farm Bureau Life Insurance Company
- Farm Bureau Life Insurance Company of MI
- Federated Life Insurance Company
- Fidelity Investments Life Insurance Company
- Genworth Life Insurance Company
- Gerber Life Insurance Company
- The Hartford Life Insurance Company
- Liberty National Life Insurance Company
- Metropolitan Life Insurance Company
- Midland National Life Insurance Company
- National Life Insurance Company
- Nationwide Life Insurance Company
- Northwestern Mutual Life Insurance Company
- Pekin Life Insurance Company
- Primerica Life Insurance Company
- Principal Life Insurance Company
- Prudential Insurance Company of America
- Reliance Standard Life Insurance Company
- RiverSource Life Insurance Company
- Sentry Life Insurance Company
- Shelter Life Insurance Company
- Southern Farm Bureau Life Insurance Co.
- Standard Insurance Company
- State Farm Life Insurance Company
- Symetra Life Insurance Company
- Tennessee Farmers Life Insurance Company
- Thrivent Financial for Lutherans
- TIAA-CREF
- Union Security Insurance Company
- United Healthcare Insurance Company
- United Insurance Company of America
- United Life Insurance Company
- USAA Life Insurance Company
- USAble Life Insurance Company
- Western & Southern Life Insurance Company
2008 Ward’s 50 Top Performers - Property-Casualty Companies
(listed alphabetically)
- Acuity
- Allstate Insurance Company
- American Modern Insurance Group
- Amerisure Companies
- ANPAC
- Assurant Group
- Auto-Owners Insurance Group*
- Central Insurance Companies
- Chubb Group
- Church Mutual Insurance Company
- Cincinnati Insurance Group*
- Columbia Insurance Group
- The Commerce Group, Inc.
- Donegal Insurance Group
- EMC Insurance Companies
- Erie Insurance Group
- Federated Mutual Group
- Fireman’s Fund Insurance Group
- FM Global
- GEICO*
- GMAC Insurance Group
- Great American Insurance Companies
- The Hartford Fire Group
- HCC Insurance Holdings Group
- IDS Property Casualty Insurance Company
- Island Insurance Companies Group
- Kentucky Farm Bureau Mutual Insurance Co.
- Louisiana Workers’ Compensation Corporation
- Markel Corporation Group
- Mercury Casualty Group
- Metropolitan Property and Casualty Insur. Co.
- North Star Mutual Insurance Company
- Old Republic Insurance Group
- Pekin Insurance Group
- Philadelphia Insurance Companies
- ProAssurance
- Progressive Casualty Insurance Company
- Protective Insurance Group
- RLI Insurance Group*
- Safety Insurance Group
- SECURA Insurance Companies
- Selective Insurance Company of America
- Shelter Insurance Group
- Tennessee Farmers Mutual Insurance Co.
- Travelers Insurance Group
- United Fire & Casualty Group
- USAA Group*
- Utica National Insurance Group
- West Bend Mutual
- W.R. Berkley Corporation Group
*18-year recipient (1991-2008)
Source: Ward Group