Compare key financial metrics with the
Ward's 50 group of top performers and the industry.


View Ward's 50 Companies     Order Comparison Reports

2023 Ward's 50® Companies


Each Ward’s 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed:


Why Top Performance Matters

The insurance industry is competitive and top performers excel at managing expenses and the efficiencies of their operations. Annually, we analyze the financial performance of nearly 2,900 property-casualty insurance companies and almost 700 life-health insurance companies domiciled in the United States and identify the Ward’s 50® top performers in each segment. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. Top performers in the insurance industry see:

  • More Favorable Returns of Average Equity 
  • Greater Growth in Net Premiums  
  • Greater Growth in Policyholder Surplus 
  • Lower Expenses Relative to Net Premiums  

You can order customized reports comparing an individual company with the Ward's 50 Benchmark Group for select metrics. Learn more.

Ward's 50® Certification Methodology

Our methodology is grounded in the evaluation of key safety and consistency measurements and performance tests. Low investment returns, rising loss costs, and competitive market conditions continue to impact financial returns for the industry. In selecting the Ward’s 50, we identify companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results. To be awarded the Ward's 50 designation, insurance companies must pass minimum thresholds of performance.

  • Safety and Consistency Tests  — Each company 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 last five years
    • Compound annual growth in premiums between -10% and 40%
  • Performance Measurements  — We'll review the financial stability of all companies to ensure that they have the potential to grow while maintaining strong financial figures. Companies that pass the safety and consistency tests are measured and scored on the following elements:
    • 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 Revenue
    • Five Year Growth in Surplus
    • Five Year Average Combined Ratio*
* Applicable only to property-casualty insurance companies.

Ward's 50® Benchmarks Comparison Reports




The Ward's 50 companies are listed alphabetically. An important objective is to compare their performance as a group with the rest of the insurance industry. You can order customized reports comparing an individual company with the Ward's 50 Benchmark Group for select metrics. Order a Report.

Download a sample Ward's 50 Benchmarks Comparison Report for property-casualty
Download a sample Ward's 50 Benchmarks Comparison Report for life-health

Interested in more detailed analyses? Meet our benchmarking experts.

 

Jeffrey Rieder
Partner, Head of Ward Group

Read Bio

Charlie Gall
Associate Partner, Ward Group

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Don McNees
Partner, Ward Group
Life, Annuity, Health, and Retirement

Read Bio

Ready to Learn More?

Contact our team today to develop a tailored and more effective expense management approach at your firm.

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