Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing life/health insurers. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. This is the 23rd year Ward Group has conducted the analysis.

Ward Group analyzes the financial performance of nearly 800 life/health insurers in the United States annually and identifies top performers in each segment. The Ward’s 50 life/health group produced a 19.7-percent statutory return on average equity from 2008 to 2012 compared to 4.3 percent for the life/health industry overall.

“After several years of weaker revenue gain and sluggish economic conditions, financial returns for insurers improved in 2012,” said Jeff Rieder, partner and head of Ward Group. “Most insurance sectors are experiencing revenue growth and insurance companies appear more optimistic as they look toward the future. Total policyholder surplus continues to grow and overall financial stability for the industry remains very strong. In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results.”

In addition to greater levels of income returns, the Ward’s 50 benchmarks also outperformed in other key performance benchmarks. The Ward’s 50 life/health group of companies outpaced the industry for five-year policyholder surplus growth, 50.1 percent compared to 37.0 percent, and net premium income growth, 20.7 percent compared to 6.7 percent, Ward Group said. In addition to achieving higher financial returns, the Ward’s 50 benchmark continues to achieve lower expense ratios.

“The expense ratio declined slightly in 2012 for both the life/health and property-casualty industries and we still find the Ward’s 50 benchmarks comparing better than the industry average,” Rieder said. In 2012, expenses relative to revenue were 1.0 percent lower for the Ward’s 50 life/health group.

 

Aetna Life Insurance Company

AFLAC

Amalgamated Life Insurance Company

American Equity Investment Life Insurance Company

American Family Life Insurance Company

 

American Fidelity Assurance Company

American Health and Life Insurance Company

American Republic Insurance Company

Americo Financial Life and Annuity Insurance Company

Amica Life Insurance Company

 

Auto-Owners Life Insurance Company

Bankers Life & Casualty Company

BlueBonnet Life Insurance Company

Boston Mutual Life Insurance Company

CICA Life Insurance Company of America

 

CIGNA Group

Combined Insurance Company of America

Companion Life Insurance Company

Farm Bureau Life Insurance Company

Farmers New World Life Insurance Company

 

Federated Life Insurance Company

Fidelity Security Life Insurance Company

First Investors Life Insurance Company

Forethought Life Insurance Company

Funeral Directors Life Insurance Company

 

General Re Life Insurance Corporation

Great American Life Insurance Company

HCC Life Insurance Company

HM Life Insurance Company

Homesteaders Life Company

 

Humana Insurance Company

Liberty National Life Insurance Company

Life Insurance Company of the Southwest

LifeCare Assurance Company

LifeWise Assurance Company

 

Midland National Life Insurance Company

National Teachers Associates Life Insurance Company

National Western Life Insurance Company

Ozark National Life Insurance Company

Protective Life Insurance Company

 

RiverSource Life Insurance Company

Standard Insurance Company

Symetra Life Insurance Company

Tennessee Farmers Life Insurance Company

Thrivent Financial for Lutherans

 

Trustmark Insurance Company

United Insurance Company of America

UnitedHealthcare Insurance Company

Unum Life Insurance Company of America

USAA Life Insurance Company

 

For last year’s results, click here.

To see the 2013 property/casualty list and more about the methodology, click here.

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