This is the 10th Time Overall the Company Has Been Recognized
SAN DIEGO, August 23, 2016—ICW Group Insurance Companies, a group of property and casualty carriers, announced today that it has been named to the 2016 Ward’s 50® group of top performing property-casualty (P&C) insurance companies for the second year in-a-row. This marks the 10th time overall that the company has been included in this prestigious ranking.
“We have enjoyed strong, sustainable growth over the last five years, and are honored to be recognized as one of the best in the property-casualty industry.” said Kevin Prior, president and CEO of ICW Group. “Achieving such stellar financial results is a testament to the valuable relationships we have with our agent/broker partners, who consistently demonstrate their trust in ICW Group when advising their clients. This award also reflects the top-tier talent housed within our company.”
Ward Group analyzed the performance of 3,000 property-casualty insurance companies domiciled in the United States over the last five years. The winners achieved compound annual premium growth between 10-40%, and ranked in the top 50 according to these key financial metrics:
- Average return on equity
- Average return on total revenue
- Revenue growth
- Surplus growth
- Average combined ratio
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.
About Ward Group
Ward Group, a McLagan/Aon Hewitt company, is the leading provider of benchmarking and best practices studies for insurance companies. The firm analyzes staff levels, compensation, expenses and business practices for all areas of insurance company operations and helps companies to measure results, optimize performance and improve profitability. For more information about Ward Group and the Ward Research Center, visit wardinc.com.