Shelter Life Insurance Company and Shelter property/casualty companies rank among Top-50 in the United States
The Ward Group® has recognized Shelter Life Insurance Company as a top-performing life company for the second consecutive year.
In addition, the Ward Group® ranked the Shelter Insurance® group of property and casualty companies among the top-50 performers out of over 3,000 U.S. P&C insurers analyzed for the annual ranking.
The "Top-50" list was released on July 7 by Ward Group®, an operational consulting firm and leading provider of benchmarking and best practices services to the insurance industry.
Annually, Ward Group® analyzes the financial performance of over 850 life-health insurance companies and over 3,000 property and casualty insurers domiciled in the United States and identifies the top performers in each segment. This group is called the "Ward's 50" for the year. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed (2003 - 2007).
Over the last decade, the insurance industry has changed dramatically with new technology, changing customer and employee demographics and increasingly competitive market conditions. "It is important for companies to remain focused on meeting revenue goals while maintaining an efficient operating model that enables them to meet customer demands," explains Jeff Rieder, President of Ward Group. "The best companies excel at balancing expense management, technology deployment and customer service."
The Ward's 50 property-casualty insurance companies produced an 18.7% return on average equity from 2003 to 2007 compared to 14.6% for the property-casualty industry overall. The Ward's 50 life-health insurance companies produced a 17.5% return on average equity from 2003 to 2007 compared to 13.1% for the life-health industry overall.
Shelter Insurance® is a financial group of companies with two direct personal lines property and casualty companies, a property and casualty reinsurer, a life and annuity insurer, a thrift bank, and other smaller financial entities. Shelter’s direct business is written through 1,300 agents in 14 states and is supported by 1,800 employees. Shelter Insurance Companies’ Home Office is at Columbia, Missouri. Shelter is rated “A” Excellent by AM Best and Api by Standard & Poors.
For more information, visit www.ShelterInsurance.com
To learn more about the Ward's 50, visit www.wardinc.com
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