We are pleased to announce that Ward Benchmarking has placed ShelterPoint Life Insurance Company ("ShelterPoint Life") on their coveted 2018 Ward's 50 group of insurance companies' top performers list for the second year consecutively.
Ward's analyzed the financial performance of nearly 3,000 property-casualty insurance companies and more than 700 life-health insurance companies, and has recognized ShelterPoint Life for outstanding results in the area of safety, consistency, and performance over a five year period (2013-2017). This award was presented by Jeffrey J. Rieder, Partner and Head of Ward, and made public in a webinar presentation on July 17, 2018.
"We are honored to be included in such an illustrious group of companies," said Richard White, CEO of ShelterPoint Life. "We focus on providing a stable and consistent set of products to individuals, families and businesses while maintaining strong capital positions and underwriting results - a necessity in today's competitive insurance market."
Ward Benchmarking reports that the Ward 50 outperformed the industry on key measurements such as the return on average equity, surplus growth, and net premiums, and with a lower expense ratios. For a full list of companies included on this list or for a review on overall financial results, please visit the AON website.
The ShelterPoint family of insurance companies consists of ShelterPoint Life Insurance Company and ShelterPoint Insurance Company. ShelterPoint Life was founded in 1972 as The First Rehabilitation Insurance Company of America (First Rehab Life) and is headquartered in Garden City, NY, as a NY-domiciled insurance company. Since its inception, ShelterPoint Life has grown into New York’s largest1 statutory disability and Paid Family Leave carrier. Through the years, ShelterPoint Life has added additional employee benefits to its product portfolio and currently insures more than 160,000 employers and over 1.6 million individual insureds. In 2014, First Rehab Life changed its name to ShelterPoint Life Insurance Company. For more information about ShelterPoint, please visit www.shelterpoint.com.
1 State of New York Workers’ Compensation Board, form DB-680, 2016 – applies to statutory disability premiums under ShelterPoint Life Insurance Co. only.
About Ward Benchmarking
Ward Benchmarking is the leading provider of benchmarking and best practice studies for the insurance industry. Our team analyzes staff levels, compensation, business practices, and expenses for all areas of company operations and helps insurers to measure results compared to peer groups, optimize performance, and improve profitability. Since 1991, we have performed more than 3,000 operational and compensation benchmarking exercises for companies of all sizes, including more than half of the top 100 U.S. insurance carriers. For more information, please visit ward.aon.com
Aon plc (NYSE: AON) is a leading provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com.