Ward Group names top 50 performing property/casualty insurance companies
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Consulting firm Ward Group Inc. released its annual listing of the top 50 performing property/casualty insurance companies on Tuesday.
To compile the list, Cincinnati-based Ward Group, a unit of Aon Hewitt, analyzes the financial performance of more than 3,000 property/casualty insurance companies domiciled in the United States and identifies the top performers based on objective data and subjective quality measures.
As a group, the Ward's 50 property/casualty group of insurers produced a 9.9% statutory return on average equity from 2008 to 2012 compared with 4.9% for the property/casualty industry overall.
Jeff Rieder, partner and head of Ward Group, said a mix of higher investment returns and lower expense ratios helped separate the top 50 from the rest of the group.
“After several years of weaker revenue gain and sluggish economic conditions, financial returns for insurers improved in 2012,” said Mr. Rieder. “Total policyholder surplus continues to grow and overall financial stability for the industry remains very strong.”
Ward Group's list of the top 50 performing property/casualty insurers can be found here.
