The Ward Group, a Cincinnati-based consulting firm, said it has completed an analysis of over 2,700 U.S. property-casualty insurance companies for its annual top-50 list.

Companies that made the top 50 have produced a 17.8 percent return on average equity from 2002 to 2006 compared with 12.3 percent for the p-c industry overall, according to Ward Group.

The companies on the list, Ward Group said, have passed all safety and consistency screens and achieved superior performance over the past five years. The firm said the primary objective of the list is to benchmark their performance as a group with the rest of the property-casualty insurance industry.

The following, in alphabetical order, have been named as the top 50 for the past 5 years by the company:

o Acuity

o Allstate Insurance Company

o American Modern Insurance Group

o Amerisure Companies

o Assurant Group

o ANPAC

o Automobile Club of Southern California

o Auto-Owners Insurance Group *

o Central Mutual of Ohio Group

o Chubb Group

o Church Mutual Insurance Company

o Cincinnati Insurance Group *

o Columbia Insurance Group

o Crum & Forster Insurance Company

o The Commerce Group Inc.

o Donegal Insurance Group

o EMC Insurance Companies

o Farm Bureau of Michigan Group

o Federated Mutual Group

o FM Global

o GEICO *

o GMAC Insurance Group

o Great American Insurance Companies

o The Hartford Fire Group

o Hastings Mutual Insurance Company

o IDS Property Casualty Insurance Company

o Kentucky Farm Bureau Mutual Insurance Co.

o Louisiana Workers' Compensation Corporation

o Markel Corporation Group

o Mercury Casualty Group

o Metropolitan Property and Casualty Insurance Company

o North Star Mutual Insurance Company

o Old Republic Insurance Group

o Pekin Insurance Group

o Pennsylvania Lumbermens Mutual Insurance Company

o Philadelphia Insurance Companies

o ProAssurance

o Progressive Casualty Insurance Company

o Protective Insurance Group

o RLI Insurance Group *

o SAFECO Insurance

o Safety Insurance Group

o SECURA Insurance Companies

o Selective Insurance Company of America

o United Fire & Casualty Group

o USAA Group *

o Utica National Insurance Group

o West Bend Mutual

o Western National Mutual Insurance Group

o W.R. Berkley Corporation Group

(* Designates firms that have made the list for 17 years.)

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