The Ward Group has released its annual list of top 50 P&C insurance companies in the U.S., with nine new additions. Each year, the Ward Group analyzes the financial performance of more than 3,000 U.S. P&C insurance companies and identifies the top performers. The entire list can be found at the end of this article.
The nine companies new to this year's list include:
- Alleghany Group
- Allstate Insurance Company
- Amica Mutual Insurance Group
- Andover Companies
- CSE Insurance Group
- Franklin Mutual Insurance Group
- Goodville Mutual Casualty Company
- Kentucky Employers' Mutual Insurance
- ProMutual Group
Those who failed to make the 2010 list after being included last year were:
- Central Insurance Companies
- Farmers Mutual Insurance of Nebraska
- Hastings Mutual Insurance Company
- ICW Group Insurance Companies
- Selective Insurance Company of America
- Shelter Insurance Group
- Tennessee Farmers Mutual Insurance Co.
- United Fire & Casualty Group
- Utica National Insurance Group
What makes a top 50 company? Click to the next page to find out.
When compared to the rest of the industry, this year's top 50 P&C group of insurance companies produced a 14.3 percent return on average equity from 2005 to 2009, compared to 9.2 percent for the P&C industry overall.
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