Company Recognized for Delivering Outstanding Safety, Consistency and Financial Performance
SAN DIEGO, July 17, 2015—ICW Group Insurance Companies, a group of property and casualty carriers, proudly announced today that it has been named to the 2015 Ward’s 50 group of top performing property-casualty (P&C) insurance companies. The company stood out from nearly 3,000 P&C carriers for its phenomenal financial results and performance over the last five years.
“We’ve previously been on the Ward’s top 50 list, and are pleased to return and be included in this year’s elite top 50 insurance companies,” said Kevin Prior, president and CEO of ICW Group. “It’s an exceptional distinction, given Ward’s nearly 25-year heritage of showcasing the very best in our industry. This honor goes hand-in-hand with the valuable relationships we have built with our agents and brokers, and further underscores our commitment to partnering with them as they provide trusted advice to their clients.”
ICW Group was evaluated and ranked based on six core metrics, including:
- Five year average Return on Average Equity
- Five year average Return on Average Assets
- Five year average Return on Total Revenue
- Five year growth in Net Premiums Written
- Five year improvement in Leverage Ratio
- Five year average Combined Ratio
“Ward Group recognizes ICW Group for achieving outstanding financial results in the areas of safety, consistency, and performance,” said Jeffrey J. Rieder, partner and head of Ward Group. “From 2010 through 2014, ICW Group demonstrated its ability to consistently generate outstanding results.”
Annually, Ward Group analyzes the financial performance of nearly 3,000 P&C insurance companies, as well as nearly 800 life-health insurance companies domiciled in the United States, and identifies the top performers in each segment. It has conducted the Ward’s 50 analysis since 1991—a financial analysis of the insurance industry based on publicly available data and conducted independently of the Ward Group annual benchmarking programs.
About ICW Group
Based in San Diego, ICW Group Insurance Companies is the largest privately held group of insurance companies domiciled in California. Quoting more than $3 billion annually, ICW Group represents a group of Property, Auto and Workers’ Compensation insurance carriers, including Insurance Company of the West and Explorer Insurance Company. ICW Group is recognized nationally as an industry leader in helping policyholders achieve fewer and less costly claims, and is committed to meeting the needs of its policyholders and elevating the trusted agents and brokers who advise them. More information is available at www.icwgroup.com.