Insurance benchmarking and best practices consulting firm Ward Group has released its list of the top 50 performing insurance companies for 2006. The “Ward's 50″ is an annual analysis of the financial performance of over 3,000 U.S. property-casualty insurance companies. Each of the top 50 companies has passed all safety and consistency tests and achieved superior performance over the five years analyzed.
The study's findings indicate that the 50 top property-casualty insurance companies produced a 14.1 percent return on average equity from 2001 to 2005, compared to 6.3 percent for the property-casualty industry overall.
“The best companies often do things differently in order to set themselves apart from the competition,” said Jeff Rieder, president of Ward Group. “In particular, these companies maintain efficient operating models, meet the needs of customers, and successfully execute their strategies.”
2006 Ward's 50 Top Property-Casualty Performers
(listed alphabetically)
Accident Fund
Acuity
Allstate Insurance CompanyAmerican Modern Insurance Group
American National Property & Casualty Company
Amerisure Companies
Automobile Club of Southern California
Auto-Owners Insurance Group
California State Automobile Association
Canal Insurance Group
Central Mutual of Ohio Group
Chubb Group
Church Mutual Insurance Company
Cincinnati Insurance Group
Columbia Insurance Group
The Commerce Group, Inc.
Donegal Insurance Group
Farm Bureau of Michigan Group
Federated Mutual Group
Frankenmuth Financial Group
GEICO
Germania Insurance Group
Grange Mutual Casualty Group
Grinnell Mutual Group
The Hartford Fire Group
Hastings Mutual Insurance Company
IDS Property Casualty Insurance Company
Indiana Farmers Mutual Insurance Company
Jewelers Mutual Insurance Company
Kentucky Farm Bureau Mutual Insurance Company
Louisiana Workers' Compensation Corporation
Maine Employers Mutual Insurance Company
Markel Corporation Group
Mercury Casualty Group
Metropolitan Property and Casualty Insurance Company
North Star Mutual Insurance Company
Old Republic Insurance Group
Pennsylvania Lumbermens Mutual Insurance Company
Philadelphia Insurance Companies
Progressive Casualty Insurance Company
Protective Insurance Group
RLI Insurance Group
SECURA Insurance Companies
Selective Insurance Company of America
Tennessee Farmers Mutual Insurance Company
United Fire & Casualty Group
USAA Group
West Bend Mutual
Western National Mutual Insurance Group
Western World Group
More information is available at www.wardinc.com.
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