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Jewelers Mutual recognized as top insurance co.
Ward Group, a provider of benchmarking and best practices studies for insurance businesses, has named Jewelers Mutual Insurance Company to its 2014 list of Ward’s 50 top- performing insurance companies for the fourth year in a row.
Neenah, Wis.--Ward Group, a provider of benchmarking and best practices studies for insurance businesses, has named Jewelers Mutual Insurance Company to its 2014 list of Ward’s 50 top- performing insurance companies for the fourth year in a row.
The award recognizes outstanding financial results in the areas of safety, consistency, and performance over a five-year period, from 2009-2013.
Ward Group analyzes the financial performance of more than 3,000 property-casualty insurance companies and identifies the top performers based on objective data and subjective quality measures of the previous five years.
Insurance companies are evaluated and must pass minimum thresholds to be considered for the Ward’s 50 designation, and must pass primary safety and consistency tests, including surplus and premiums of at least $50 million for each of the five years analyzed, net income in at least four of the previous five years, and compound annual growth in premiums between -10 percent and +40 percent.
They also are measured and scored based on elements such as five-year average return on average equity, five-year average return on average assets, and five-year growth in revenue, among other factors.
“This recognition by the Ward Group means so much to our company, and we look forward to sharing the news with our policyholder members,” said President and CEO Darwin Copeman. “Achieving this honor four years in a row is no easy task, and we are proud of our ongoing work to further fortify a strong, financially secure mutual company ready to protect the jewelry businesses and jewelry owners we serve.”
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