Columbia, S.C. – For the seventh consecutive year, Companion Life, a leading provider of life, dental, disability, accident and specialty insurance, was named to the Ward’s 50® list of top-performing life-health insurance companies.
Cincinnati-based Ward Group, a provider of benchmarking and best-practices services to the insurance industry, is an independent external organization that annually analyzes the financial performance of hundreds of life and health insurance companies in the United States to identify the top performers. It recognized Companion Life for achieving outstanding results in the areas of safety, consistency and performance.
“Our company is built on our strong customer relationships, and being named to this list validates our ability to meet that commitment to our members,” said Companion Life President Phil Gardham. “This is an incredible recognition, and credit goes to our employees for their professionalism, dedication and dependability.”
“Low investment returns, rising loss costs and competitive market conditions continue to impact financial returns for the industry,” said Jeff Rieder, president of Ward Group. “In selecting Companion Life to the Ward’s 50, we identified a company that passed financial stability requirements and measured their ability to grow while maintaining strong capital positions and underwriting results.”
For the past 27 years, the Ward group has analyzed the financial performance of nearly 3,000 property-casualty firms and 700 life insurance companies.
Companion Life offers a variety of group life, dental, disability, vision and other insurance products through small and large employers nationwide. The company has seen substantial growth in the stop-loss market in recent years, placing it among the top stop-loss carriers in the nation.