Union Mutual honored among Ward’s Top 50
July 18, 2018
MONTPELIER – Union Mutual is proud to announce it was recently named a Ward’s Top 50 property-casualty insurance carrier for 2018.
The 28th annual list of the Ward’s 50 recognizes insurance carriers with outstanding financial results in the areas of safety, consistency and performance over a five-year period. Carriers must possess a level of financial stability necessary to have the potential to grow while maintaining strong financial and underwriting results and are scored on the following five categories: five-year average return on equity, average assets and total revenue; five-year growth in revenue and surplus; and five-year average combined ratio.
“Union Mutual is proud to be recognized as one of the best performing insurance companies in the country. It takes tremendous teamwork between our dedicated employees and independent agency partners to produce our outstanding results which in turn provides superior financial security for our policyholders. We could not be more pleased with their efforts,” said Union Mutual President & CEO Michael Nobles.
Ward’s 50 is an industry-leading benchmarking and best practices service provider, which analyzes all aspects of the insurance business and measures against peer results.
Union Mutual, founded in 1874, is a property casualty insurance group consisting of Union Mutual Fire Insurance and New England Guaranty Insurance Company Inc., both based in Montpelier, Vermont; Eastern Mutual Insurance Company, based in Greenville, New York; and Community Mutual Insurance Company, based in Troy, New York. The four companies write a total of $175 million in direct premium annually through independent agents throughout New England and New York, and are all rated A-(Excellent) by A.M. Best.
For more information on the Ward’s 50 program, visit ward.aon.com.