Church Mutual earns Ward’s top 50 performer award for fourth consecutive year
MERRILL, Wis. -- For the fourth consecutive year and 13th time overall, Church Mutual Insurance Company has been named to the Ward’s 50 Top Performing Property and Casualty Insurers. Church Mutual has been recognized by Ward Group, a part of AON Hewitt, for its outstanding financial results in safety, consistency and performance during the past seven years, from 2011 to 2017.
“Recognition from this industry-leading organization for the fourth year in a row underscores our commitment to our policyholders and our financial stability,” said Rich Poirier, president and CEO of Church Mutual. “We have the deep financial resources to weather any disaster our policyholders may face, allowing them to focus on the greater good they provide to their congregations and communities.”
The Ward Group is the leading provider of benchmarking and best practices studies for insurance companies. Each year, it analyzes the financial performance of nearly 3,000 property and casualty insurers in the United States, including industry leaders such as GEICO, Progressive, Allstate and Travelers.
To complete its annual analysis, Ward Group uses a comprehensive, rigorous set of criteria including:
- Must rank in top 10 percent of peer business mix benchmark group;
- Surplus and net premium evaluations;
- Positive net income in a least four of the last five years;
- Compound annual growth in premiums between -10 percent and +40 percent;
- Must pass Ward Group’s evaluation of company operations.
Being the only religious specialist on the awards list, Church Mutual is proud to lead the way in the industry and strives to provide the best resources to its policyholders.
“Our policyholders receive many value-added resources, most at no-cost,” said Kevin Root, executive vice president - Operations. “We are investing in technology, innovation and safety products that will help reduce risk to ensure our insured are properly protected.”
About Church Mutual
Church Mutual Insurance Company, founded in 1897, offers specialized insurance for religious organizations of all denominations, as well as schools, camps, denominational offices and senior living facilities. Church Mutual markets most lines of commercial property and liability insurance, including multi-peril, workers' compensation and commercial auto insurance. In addition to insurance, Church Mutual provides a spectrum of value-added solutions that benefit its customers. Church Mutual holds the following honors:
- A.M. Best Company "A" (Excellent) rating
- 2018 Ward's 50 Top Performing Property and Casualty Insurers
- BenchmarkPortal Top 10 National Customer Service Center
- 2017 Wisconsin 75 Top Private Company by Deloitte US
- Futuremakers Partner, by Wisconsin Technical College System
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