We are pleased to share that USAble Life (USAL) was recently named by Ward Group® to its 2010 Ward’s 50 list of top performing insurance companies. The company was also named to the list in 2009 for performance from 2004 — 2008. This is the fourth consecutive year that USAL has been named to the Ward’s 50.
The Ward Group recognizes the top 50 life-health companies that have achieved outstanding financial results in the areas of safety, consistency and performance over a five year period (2005 — 2009).
Criteria for selection for the life-health segment:
- Must be an insurance company with at least five consecutive years of operating history
- Surplus of at least $50 million for each of the five years analyzed
- Adjusted net income in at least 4 of the last 5 years. If applicable, the one loss year must be less than 10% of surplus
- Risk based capital ratio of at least 150% for each of the five years analyzed
- Compound annual growth in premiums between -10% and +40%
- Must pass Ward Group’s evaluation of company operations
Companies are measured and ranked in performance based on the following metrics:
- Five year average return on average equity
- Five year average return on average assets
- Fiver year average return on total revenue
- Fiver year growth in total revenue
- Five year growth in surplus
By making the Ward’s 50 in 2010, USAble Life continues to prove its track record as a financially strong and stable company. For more information about Ward Group or the Ward’s 50, visit www.wardinc.com.