MADISON, Wis. - For a seventh consecutive year, American Family Life Insurance Company (AFLIC) has been recognized by Ward Group as one of the nation’s top 50 performing life/health insurance companies. AFLIC is one of only nine life/health insurers named to Ward's list for seven or more consecutive years.
Ward, a consulting firm specializing in the insurance industry and a provider of operational and compensation benchmarking and best-practices services, compiles the list annually.
Ward Group evaluates the safety, consistency and financial performance of nearly 800 life/health insurers based in the United States to develop its list of the top 50. Ward analyzes data submitted by companies such as AFLIC over a five-year period, in this case 2009 through 2013.
Criteria for selecting a top performer include financial stability, revenue growth, capital/surplus, net income and financial returns.
“It’s an honor to be recognized by Ward for seven consecutive years and is a testament to our financial strength,” says AFLIC President Todd Fancher. “Consumers who purchase life insurance want peace of mind while protecting the dreams of their beneficiaries, and our financial performance is an important consideration when customers choose us.”
Based in Madison, Wis., American Family Insurance offers auto insurance, homeowners insurance, life insurance, health insurance, business and farm/ranch insurance in 19 states. American Family insurance is the nation’s third-largest mutual property/casualty insurance company and ranks 373rd on the Fortune 500 list. Web: www.amfam.com; Facebook: www.facebook.com/amfam; Twitter: www.twitter.com/amfam; Google+: plus.google.com/+amfam/; YouTube: www.youtube.com/amfam.
News media contact:
American Family Insurance
(608) 242-4100, ext. 32881