Algona, Iowa - July 16, 2020 – Aon plc, a leading global professional services firm providing a broad range of risk, retirement, human capital, and health solutions, has released the list of Ward's 50® top-performing insurance companies for 2020, identifying U.S. companies that have achieved superior financial performance. Ward benchmarking is the leading operational and compensation benchmarking and best practices service for insurance companies.
Pharmacists Mutual Insurance Company, with its century-long legacy in the insurance and risk management market, is pleased to announce that it has been named to the prestigious Ward’s 50® list of top insurance companies for 2020. This marks the fifth consecutive year Pharmacists Mutual has earned this esteemed recognition. Only the top 50 insurance companies, or the top two percent, become Ward’s 50® Top Performers for the year and are granted the Ward’s 50® Seal.
"Our phenomenal employees work hard to serve our loyal members each day. Receiving the designation as a Ward's 50 insurer for the fifth year in a row reinforces that dedication", stated Edward Yorty, President and CEO of Pharmacists Mutual.
To develop the Ward's 50 annual list of the top-performing insurance companies, Aon analyzes the financial performance of nearly 2,900 property-casualty insurance companies domiciled in the United States, identifying the top performers based on objective data and subjective quality measures. Each company on the list has passed all safety and consistency screens and achieved superior performance over the five years analyzed. This is the 30th consecutive year Aon has conducted the analysis.
"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," said Jeff Rieder, partner and head of Ward benchmarking at Aon.
For a complete list of the 2020 Ward's 50 companies, or to order a Ward’s 50 report comparing an individual company's results to the Ward's 50 benchmarks for select metrics, go to ward.aon.com/ward-benchmarking/wards50/property-casualty.
About Pharmacists Mutual Insurance Company
Pharmacists Mutual Insurance Company is a nationally recognized leader in insurance and risk management since 1909. The company offers professional liability, commercial, and personal insurance products. In addition to the Ward's 50 designation, the company is rated "A" Excellent* by A.M. Best for property and casualty insurance. Pharmacists Mutual Insurance Company employs over 300 professionals through its operations in 50 states, the District of Columbia, and Puerto Rico. Learn more about Pharmacists Mutual Insurance Company and its full product line at phmic.com.
*A.M. Best Financial strength rating is an independent opinion.
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement, and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. For more information, please visit ward.aon.com.