Ward Group analyzes the financial performance of nearly 800 life / health insurers in the U.S. each year and identifies the top performers in each segment. The Ward's 50 life / health group of insurance companies produced a 19.0 percent return on average equity law 2007-2011 compared to 3.4 percent for the life / health industry overall.
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"Financial Returns for insurers decreased in 2011 due to many factors," said Jeff Rieder, partner and head of the Ward. "Although the results fell in almost all sectors of industry, insurance surplus and overall financial stability for the sector remains very strong. Companies are investing in new systems, improving internal processes and focusing on developing new capabilities to meet customer needs. In choosing Ward 50, we identify companies that exceed the requirements for financial stability and measure their ability to grow while maintaining strong capital positions and underwriting results. "
Tests of safety and consistency
Insurers must pass the minimum thresholds to be considered for the appointment of Ward 50. Everyone must pass primary safety and consistency tests, including:
• Surplus and awards at least $ 50 million for each of the five years analyzed
• Adjusted net income in at least four of the last five years
• The compound annual growth of premiums between -10 percent and +40 percent
Performance measures
Insurers are then measured and marked on the following elements:
• five years the average return on average equity
• five-year average return on average assets
• five-year average return on total turnover
• Five-year revenue growth
• Five years of growth in surplus
Benchmark key performance
An important objective of Ward 50 is to compare the performance of the group with the rest of the sector. In addition to achieving higher levels of income tax return, the Ward 50 also exceeded benchmarks in other key performance benchmark.
• The Ward's 50 life / health group has exceeded the industry for five years contracting surplus growth (45.6 per cent from 22.2 per cent)
• The Ward's 50 life / health industry group has exceeded the net premium growth of income (42.0 percent compared to 5.0 per cent).
In addition to achieving higher financial returns, the benchmark 50 Ward continues to get reports on expenditure.
"The expense ratio has been declining slowly for both life / health and property / casualty industry, but is still higher than historical levels," said Rieder. "Our research finds Ward's 50 benchmarks benefit significantly in effectively managing expenses," said Rieder.
In 2011, expenditure on revenue were 4.6 percent less for the Ward 50 life / health group.
2012 Ward's 50 businesses - Life and Health
Aetna Life Insurance Co.
AFLAC
Amalgamated Life Insurance Co.
American Equity Investment Life Insurance Co.
American Family Life Insurance Co.
American Fidelity Assurance Co.
Americo Financial Life Insurance and annuity. Co.
Amica Life Insurance Co.
Auto-Owners Life Insurance Co.
Fidelity Bankers Life Insurance Co.
Bluebonnet Life Insurance Co.
Central United Life Insurance Co.
CICA Life Insurance Co. of America
CIGNA Group
Combined Insurance Co. of America
Companion Life Insurance Co.
Family Heritage Life Insurance Co. of America
Farm Bureau Life Insurance Co.
Federated Life Insurance Co.
Fidelity Security Life Insurance Co.
First Investors Life Insurance Co.
Security Life Insurance Co.
Funeral Directors Life Insurance Co.
General Re Life Insurance Corporation
Great American Life Insurance Co.
HCC Life Insurance Co.
HM Life Insurance Co.
Homesteaders Life Co.
Humana Insurance Co.
Liberty National Life Insurance Co.
Life Insurance Co. of the Southwest
LifeCare Assurance Co.
LifeWise Assurance Co.
Midland National Life Insurance Co.
National Teachers Associates Life Insurance Co.
National Western Life Insurance Co.
New York Life Insurance Co.
Oxford Life Insurance Co.
Ozark National Life Insurance Co.
Protective Life Insurance Co.
Pyramid Life Insurance Co.
Standard Insurance Co.
Symetra Life Insurance Co.
Tennessee Farmers Life Insurance Co.
Thrivent Financial for Lutherans
Trustmark Insurance Co.
United Insurance Co. of America
UnitedHealthcare Insurance Co.
USAA Life Insurance Co.
Usable Life Insurance Co.
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