Top of their game: some of the most profitable writers of personal lines insurance are not household names. But whether they specialize in underwriting, claims management or keeping overhead costs low, they all tend to keep a laser-like focus on the bottom line.Key Points * A few of the most profitable underwriters of personal lines owe their success to carving out carving out Managed care adjective Referring to the practice of allowing healthy persons in small employer groups to buy lower cost health insurance policies, while workers who are sicker must buy more expensive high-risk pool coverage a niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. . * Some of these profitable underwriters credit their success to keeping expenses low, carefully selecting risks or savvy claims handling. * Some find great success harnessing technology, while others swear swear v. 1) to declare under oath that one will tell the truth (sometimes "the truth, the whole truth and nothing but the truth"). Failure to tell the truth, and do so knowingly, is the crime of perjury. by their people power. Don Adams
Don Adams (April 13, 1923 – September 25, 2005), born Donald James Yarmy , president of Bear River Mutual Insurance Co., is pleased that the company has outperformed most writers of homeowners multiple peril The designated contingency, risk, or hazard against which an insured seeks to protect himself or herself when purchasing a policy of insurance. Among the various types of perils for which insurance coverage is available are fire, theft, illness, and death. PERIL. and private-passenger auto liability. For the past 10 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Murray Murray, river, Australia Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary. , Utah-based company has turned a tidy combined ratio of 72.4 in homeowners multiple peril, meaning for every $1 in premiums the company took in, it spent only 72.4 cents on claims and expenses. The total homeowners industry produced a combined ratio of 106.2 for the past 10 years. For private-passenger auto liability, Bear River Mutual's combined ratio for the past 10 years was 93.6--also quite a bit better than the industry composite composite, alternate common name for Asteraceae or Compositae, the aster family. composite - aggregate of 104.2. Bear River Mutual was founded in 1909 by a group of farmers in northern Utah, who lived close to the Bear River. They originally insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. each other's "homes and hay stacks (1) See stack. (2) A folder viewing feature in Mac OS X 10.5 (Leopard). Clicking on a folder placed in the Mac Dock displays icons of all the files inside. They fan out onto the desktop for quick selection. (3) See DOS Stacks. for the peril of fire," Adams Adams, town (1990 pop. 9,445), Berkshire co., NW Mass., in the Berkshires, on the Hoosic River; inc. 1778. Its manufactures include chemicals, textiles, and paper products. The Berkshire region attracts tourists year-round. said. The company has grown since then, but still writes business only in Utah and has carved carve v. carved, carv·ing, carves v.tr. 1. a. To divide into pieces by cutting; slice: carved a roast. b. out a niche niche: see ecology. niche Smallest unit of a habitat that is occupied by an organism. A habitat niche is the physical space occupied by the organism; an ecological niche is the role the organism plays in the community of organisms found in the insuring preferred customers. Adams said there's no magic behind Bear River's stellar performance, only "a philosophy of how we do business." "I wish I could say that based on our name there's some special pixie dust See AFC. from Bear River. If I knew that, I would bottle it and sell it to the rest of the industry--keeping a double dose for us. But what we do is fundamental underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. ," Adams said. "We are still a preferred company focusing on preferred business. We don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. try to be a company for all people." Bear River's strategy is deceptively de·cep·tive·ly adv. In a deceptive or deceiving manner; so as to deceive. Usage Note: When deceptively is used to modify an adjective, the meaning is often unclear. simple, but like many of the personal lines writers that can boast the best 10-year combined ratios in the business, the secret to profitable underwriting seems to be maintaining a laser-like focus, whether it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have on carefully chosen policyholders, maintaining pricing discipline or concentrating on keeping expenses low. Insurers can lose money on their underwriting, but still turn an overall profit based on investment income. Looking at a company's combined ratio shows how profitable they are at writing insurance. A.M. Best examined the 10-year combined ratios for three personal lines--homeowners multiple peril, private-passenger auto liability and private-passenger auto physical damage--and found the most profitable underwriters are often companies that never have been heard of by most people. Many of these companies enjoy that anonymity and declined being interviewed. Adams was willing to share a few of the company's secrets to success. "We focus heavily on the people piece," Adams said. The company has used the same 64 or 65 independent agencies for the past 10 to 20 years. Most of Bear River's middle management has at least 25 years' experience with the company. "We know the market better than most. We have lived in the area; we know what we are looking at because we know the territory," Adams said. The company also strives to keep its auto pool of policyholders low-risk--by refusing to write any driver who drinks or uses illegal drugs. "If you do drink, our policy isn't is·n't Contraction of is not. isn't is not isn't be the one you want,' Adams said. "There are restrictions on it. If you take up drinking after we write the policy, you can be penalized pe·nal·ize tr.v. pe·nal·ized, pe·nal·iz·ing, pe·nal·iz·es 1. To subject to a penalty, especially for infringement of a law or official regulation. See Synonyms at punish. 2. in a claim if you are found to have been drinking. Our pool is based on people who don't even drink socially, and we really try to protect that pool." On the claims side, the company saves money by having its own team of adjusters. It also works directly with designated repair shops and contractors who can bid and perform the work for the customer with one stop. Their bid is also acceptable with other shops should the customer choose to have someone else in the area do the work. In his 31 years in the insurance industry, Adams said the companies that have traditionally done well are "those who have learned what they do well, and stayed with it. Those who have lost it have tried to become something they weren't were·n't Contraction of were not. weren't were not . They tried to follow the market, which can be dangerous." Staying in Your Niche Bob Sullivan, president of Columbia Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. Lloyds Insurance Co.--the second-most profitable homeowners multiple-peril writer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. over the past 10 years--said some companies get into trouble chasing market share by lowering their prices too much. "We have lost some business because of the soft market, but we aren't aren't Contraction of are not. See Usage Note at ain't. aren't are not aren't be willing to reduce our rates to chase written premium," Sullivan said. Sullivan said one of the keys to Columbia Lloyds' success is its efficiency and exposure management. The Houston-based company runs with a lean staff of 12 and relies on Web-based software that allows agents to price a policy. The vendor of the software then mails the policy directly to the insured. "We are as close to a paperless company as an insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. can get," Sullivan said. The small, regional company is in the process of implementing a new software program that will allow agents to print policies in their offices to deliver while an insured is still there. The company does not use credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. at all. "We focus on what is referred to as the underserved market. That means families that cannot meet credit scoring requirements, or their dwellings do not meet other underwriting requirements, such as age of home, condition or loss history," Sullivan said. Sullivan said the company's underwriting guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. are very simple, with questions such as: how far is the dwelling dwelling an abnormality of gait in a horse in which there is a momentary hesitation before the foot is placed on the ground. from the nearest fire hydrant and fire department? What is its type of construction? While Columbia Lloyds will write a home valued as high as $150,000, most are closer to $60,000 to $70,000, Sullivan said. Since the company was founded in 1985, it has written "HO-A" policies in Texas. HO-A policies provide limited actual cash value coverage of homes and their contents; only the types of damage specifically listed in the policy are covered. Like most Texas homeowners writers, Columbia Lloyds typically charges a 1% deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). , but will sometimes offer lower and higher deductibles, Sullivan said. When many homeowners insurers limited their writings in Texas during the mold mold, name for certain multicellular organisms of the various classes of the kingdom Fungi, characteristically having bodies composed of a cottony mycelium. The colors of molds are caused by the spores, which are borne on the mycelium. crisis--a time when rising mold and water-damage claims hurt the profitability of many insurers--Columbia Lloyds saw its business grow. Because it wrote only cash-value policies on named perils, it was never part of the "mold crisis," Sullivan said. Columbia Lloyds relies heavily on reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , and maintains a 70/30 quota share For This article is about quota shares (shares of the quota). For other usages of quota, see, see . A quota share is a specified number or percentage of the allotment as a whole (quota), that is prescribed to each individual entity (see Non-tariff barriers to trade). contract on all property and casualty business, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.M. Best Co. reports. Because the company is able to keep losses low, it has "benefited from substantial ceding cede tr.v. ced·ed, ced·ing, cedes 1. To surrender possession of, especially by treaty. See Synonyms at relinquish. 2. commissions earned from its extensive quota share reinsurance program, which improve concurrently con·cur·rent adj. 1. Happening at the same time as something else. See Synonyms at contemporary. 2. Operating or acting in conjunction with another. 3. Meeting or tending to meet at the same point; convergent. with improvement in its loss ratios," A.M. Best Co. said in its report on the company. And what is Columbia Lloyds' 10-year combined ratio for homeowners multiple peril? A staggering 26.2. That's compared to an industry overall that lost 6.2 cents for every $1 it took in over the past 10 years. Since Columbia Lloyds was founded, it has raised rates once. "It's difficult for me to justify a rate increase considering our loss ratios," Sullivan said. "We are not the best product on the market, nor are we the cheapest." Knowing Your Line While Columbia Lloyds doesn't does·n't Contraction of does not. worry too much about how old a home is, Western Mutual Insurance Group does. It focuses on insuring midsized homes that aren't older than 30 or 40 years. It also has maintained a profitable 10-year combined ratio of 88.1. "We think our underwriting is great," said Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. Rubincam, senior vice president of the Agoura Hills, Calif.-based company. "We've we've Contraction of we have. we've have got a formula, or a market niche, that we know how to underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. . We think we know how to resolve the claims on them, and we've stuck to it." Since the company was founded in 1942, it has stuck to homeowners. A handful of years ago, the company decided to expand, and considered reaching out into different lines, Rubincam said. "But we decided to stick to property. Use the same approach, but branch out geographically ge·o·graph·ic also ge·o·graph·i·cal adj. 1. Of or relating to geography. 2. Concerning the topography of a specific region. ge . We decided to stick with knowing what we know how to do," Rubincam said. "Because we are a monoline company, we are experts in that line." The company does very little advertising, but relies on referrals from satisfied customers to bring in new business. "We think we shine. If you go to the California Department of Insurance The California Department of Insurance (CDI), established in 1868, is the angency charged with overseeing the regulation of insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in the state Web site, you can see a rate survey, where we will show up among the lowest in premium rates. There's also a customer complaint survey; we are always at the top. We don't have justified complaints. Our philosophy is to give good service, and claims service is part of that," Rubincam said. He also credits the company's highly automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. operations for helping to keep its expenses--and combined ratio--low. "We are totally paperless. Everything, including claims operations, is automated," Rubincam said. The company also uses in-house In-house In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm. , staff adjusters. "Our claims adjusters can settle claims out in the field, with laptops and wireless hook-ups. We believe our adjusters can handle a larger claims load than the typical adjuster," Rubincam said. Most people associate risk management techniques with commercial insurance, but Western Mutual has harnessed har·ness n. 1. The gear or tackle, other than a yoke, with which a draft animal pulls a vehicle or implement. 2. Something resembling such gear or tackle, as the arrangement of straps used to hold a parachute to the body. risk management to cut claims. When the company found water-damage claims were its most frequent type of claim, it set about to improve its numbers. By studying the claims, Western Mutual found the most common cause of its water-damage claims was a broken washing-machine hose flooding Refers to various denial-of-service techniques that saturate a critical resource, leading either to system failure or to the exclusion of legitimate access. See e-mail bombing, Fraggle attack, smurf attack and SYN-flood attack. a house. "We tell customers if they replace their hoses every five years, we will reimburse re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. them the cost of the hose," Rubincam said. "You can buy an armored washing machine (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". hose for $10. You have no idea how many losses that has saved, but if it saves us one or two or three $50,000 claims a year, it's worth it to us," Rubincam said. The Human Touch While some companies tout Tout To promote a security in order to attract buyers. tout To foster interest in a particular company or security. For example, a broker might tout a security to a client in the hope that the client will purchase the security. their technical automation, Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Mutual Insurance Co., Milwaukee Milwaukee (mĭlwŏk`ē), city (1990 pop. 628,088), seat of Milwaukee co., SE Wis., at the point where the Milwaukee, Menominee, and Kinnickinnic rivers enter Lake Michigan; inc. 1846. , boasts its hands-on hands-on adj. Involving active participation; applied, as opposed to theoretical: "We're involved in hands-on operations, pulling levers, pushing buttons" Arthur R. Taylor. approach. Call the company, and a real person, not a machine, answers the phone. Ask for president Roy Roy, city (1990 pop. 24,603), Weber co., N Utah, near Great Salt Lake; settled by Mormons 1877, inc. 1937. Computer equipment is manufactured, and many residents work at nearby Hill Air Force Base. Bubeck and you are likely to hear him answer his own phone. "We are believers Believers is a seinen manga by Naoki Yamamoto and is his first weekly serial manga created entirely without the help of any assistants.[1] Believers in human input and result," Bubeck said. "We use computers to help us do it, but we are still driven quite a bit by human beings." It's a process that's produced strong results. Badger Mutual's 10-year combined ratio for private-passenger auto liability is 89.3, one of the best in the country. "Our biggest thing is we try to be consistent. We try to treat [customers] the way everyone in their advertising says they will," Bubeck said. When that works, policyholders stay, he said. Bubeck said the company's auto book has "some real age on it. An awful big percentage of people have been with us 10 years or more." He said the company isn't seeking attention. "In a lot of ways, we aren't looking to stand out. We are just looking to do our job, and do what people pay for when they bought a policy," Bubeck said. (Author's note." Lead Data Specialist Alison Alison betrays old husband amusingly with her lodger, Nicholas. [Br. Lit.: Canterbury Tales, “Miller’s Tale”] See : Adultery Cooley Coo·ley , Denton Arthur Born 1920. American surgeon and educator who in 1969 performed the first artificial heart transplant on a human. , Senior System Specialist Willard Reed and Senior Manager Mark Erts were instrumental in compiling com·pile tr.v. com·piled, com·pil·ing, com·piles 1. To gather into a single book. 2. To put together or compose from materials gathered from several sources: data for this article from the A.M. Best Co. database. Special thanks to Anthony Diodato, vice president, and Kenneth Tappen Tap´pen n. 1. An obstruction, or indigestible mass, found in the intestine of bears and other animals during hibernation. , senior financial analyst, for help in cross-checking the data.) Learn More Badger Mutual Insurance Co. A.M. Best Company # 00192 Distribution: Independent agents Bear River Mutual Insurance Co. A.M. Best Company # 00209 Distribution: Independent agents Columbia Lloyds Insurance Co. A.M. Best Company # 11069 Distribution: Independent agents Western Mutual Insurance Group A.M. Best Company # 04066 Distribution: Lender-affiliated agents, independent agents and direct For ratings and other financial strength information about these companies, visit www.ambest.com.
Combined Ratios for Total Industry By Line
2005 Net 2005
Premiums % of 2005 10-Year
Written Total Combined Combined
Line ($ Thousands) Premiums Ratio Ratio
Homeowners 52,217,099 12.0 100.30 106.19
Auto Liability 94,693,122 21.8 98.11 104.20
Auto Physical 64,842,090 15.0 90.68 96.45
All Lines 433,578,708 100.0 100.69 104.94
Source: A.M. Best Co.
Private-Passenger Auto Liability Ranked by 2005
Net Premiums Written
($ Thousands)
Net
Premiums
Written
Group / Company Name AMB# 2005
State Farm Group 00088 17,299,899
Allstate Ins Group 00008 10,239,061
Progressive Ins Group 00780 7,402,295
Berkshire Hathaway Ins 00811 6,449,173
Nationwide Grouic 05987 4,589,218
Farmers Ins Group 00032 4,149,048
Amer Intl Group, Inc 18540 3,382,360
USAA Group 04080 3,111,569
Liberty Mutual Ins Cos 00060 2,471,034
St. Paul Travelers Group 18647 2,193,172
%
Total 2005 10-Year
Premiums Combined Combined
Group / Company Name 2005 Ratio Ratio
State Farm Group 36.1 97.39 106.75
Allstate Ins Group 38.2 97.73 103.21
Progressive Ins Group 52.8 85.23 93.39
Berkshire Hathaway Ins 37.2 88.81 97.41
Nationwide Grouic 30.4 99.19 101.74
Farmers Ins Group 33.3 101.42 101.27
Amer Intl Group, Inc 10.7 117.03 106.30
USAA Group 38.1 102.50 104.45
Liberty Mutual Ins Cos 17.7 99.65 105.74
St. Paul Travelers Group 11.4 91.30 102.81
Private-Passenger Auto Physical Damage Ranked
By 2005 Net Premiums Written
($ Thousands)
Net
Premiums
Written
Group / Company Name AMB# 2005
State Farm Group 00088 12,010,917
Allstate Ins Group 00008 7,759,370
Progressive Ins Group 00780 4,544,430
Berkshire Hathaway Ins 00811 3,657,054
Nationwide Group 05987 3,131,257
USAA Group 04080 2,681,385
Farmers Ins Group 00032 2,401,889
Amer Intl Group, Inc 18540 1,931,540
Amer Family Ins Group 00124 1,607,593
Liberty Mutual Ins Cos 00060 1,459,857
%
Total 2005 10-Year
Premiums Combined Combined
Group / Company Name 2005 Ratio Ratio
State Farm Group 25.1 99.72 104.30
Allstate Ins Group 29.0 82.22 86.62
Progressive Ins Group 32.4 94.86 92.22
Berkshire Hathaway Ins 21.1 89.03 89.49
Nationwide Group 20.7 88.31 97.75
USAA Group 32.8 87.30 95.76
Farmers Ins Group 19.3 98.64 107.17
Amer Intl Group, Inc 6.1 89.48 92.18
Amer Family Ins Group 26.9 85.60 94.99
Liberty Mutual Ins Cos 10.5 94.70 94.16
Homeowners Multiple Peril Ranked by 2005
Net Premiums Written
($ Thousands)
Net
Premiums
Written
Group / Company Name AMB# 2005
State Farm Group 00088 12,065,298
Allstate Ins Group 00008 6,795,662
Farmers Ins Group 00032 3,663,201
Nationwide Group 05987 2,643,806
St. Paul Travelers Group 18647 2,381,148
USAA Group 04080 2,028,987
Liberty Mutual Ins Cos 00060 1,537,868
Chubb Group of Ins Cos 00012 1,508,525
Amer Family Ins Group 00124 1,411,943
Hartford Ins Group 00048 856,683
%
Total 2005 10-Year
Premiums Combined Combined
Group / Company Name 2005 Ratio Ratio
State Farm Group 25.2 91.02 110.33
Allstate Ins Group 25.4 133.30 102.30
Farmers Ins Group 29.4 86.01 101.48
Nationwide Group 17.5 102.34 108.91
St. Paul Travelers Group 12.3 103.02 98.03
USAA Group 24.8 98.25 104.85
Liberty Mutual Ins Cos 11.0 99.93 108.71
Chubb Group of Ins Cos 14.6 81.09 97.66
Amer Family Ins Group 23.6 87.28 110.26
Hartford Ins Group 8.1 78.43 99.59
Source: A.M. Best Co.
Private-Passenger Auto Liability Ranked by 10-Year
Combined Ratio
($ Thousands)
Net
Premiums Total
Written Premiums
Group / Company Name AMB# 2005 2005
Pacific Specialty Ins Group 18576 13,149 10.5
Natl Unity Ins Co 1902 11,631 73.3
North Star Cos Group 3914 16,385 11.4
MO Valley Mutual Ins Co 4197 686 20.7
ProAssurance Group 18559 55,009 7.4
DTRIC Ins Co Ltd 11287 17,254 45.8
Badger Mutual Ins Co 192 16,523 17.5
Pioneer State Mutual Ins Co 860 29,982 22.7
Battle Creek Mutual Ins Co 4187 1,786 33.5
NV Gen Ins Co 11692 14,577 73.7
Mercury Gen Group 4524 1,495,010 51.1
Commerce Group, Inc 2966 993,389 57.2
Progressive Ins Group 780 7,402,295 52.8
Bear River Mutual Ins Co 209 32,871 46.5
Center Mutual Ins Co 3712 6,442 33.5
Wawanesa Ins Group 18397 140,051 51.2
Island Ins Group 535 19,307 17.2
Auto Club Enterprises Ins Group 18515 1,025,374 46.7
Alfa Ins Group 106 298,453 33.4
Western Natl Ins Group 3943 32,278 17.3
Markel Corp Group 18468 13,874 0.9
Sterling Ins Co 872 1,387 3.3
Swiss Reins Group 3262 33,947 1.6
Sompo Japan Ins Co of America 3060 988 1.6
Germania Mutual Group 3876 35,793 15.5
2005 10-Year
Combined Combined
Group / Company Name Ratio Ratio
Pacific Specialty Ins Group 79.06 79.79
Natl Unity Ins Co 73.96 81.71
North Star Cos Group 75.68 82.04
MO Valley Mutual Ins Co 74.76 86.61
ProAssurance Group 90.10 86.61
DTRIC Ins Co Ltd 107.07 88.31
Badger Mutual Ins Co 78.79 89.33
Pioneer State Mutual Ins Co 90.98 90.67
Battle Creek Mutual Ins Co 88.29 91.11
NV Gen Ins Co 96.56 92.40
Mercury Gen Group 91.42 92.80
Commerce Group, Inc 84.90 93.18
Progressive Ins Group 85.23 93.39
Bear River Mutual Ins Co 97.00 93.58
Center Mutual Ins Co 77.10 93.70
Wawanesa Ins Group 92.53 93.87
Island Ins Group 83.65 94.05
Auto Club Enterprises Ins Group 89.33 94.80
Alfa Ins Group 101.57 94.83
Western Natl Ins Group 106.55 94.88
Markel Corp Group 116.61 94.93
Sterling Ins Co 93.48 95.64
Swiss Reins Group 90.99 95.98
Sompo Japan Ins Co of America 97.84 96.42
Germania Mutual Group 91.92 96.42
Private-Passenger Auto Physical Damage Ranked
By 10-Year Combined Ratio
($ Thousands)
Net
Premiums Total
Written Premiums
Group / Company Name AMB# 2005 2005
IFA Ins Co 3542 16,049 42.0
Pacific Indemnity Ins Co 11448 2,841 41.7
Selective Ins Group 3926 54,571 3.7
State-Wide Ins Co 869 8,186 19.9
Adriatic Ins Co 2664 165 0.8
Tri-State Consumer Ins Group 18582 8,351 30.4
Standard Cas Co 3219 5,661 95.7
Amer European Group 18068 7,721 20.9
Palisades Group 18426 205,935 39.6
Eveready Ins Co 3058 5,830 35.7
Chubb Group of Ins Cos 12 286,588 2.8
Utica Natl Ins Group 4202 19,743 3.1
United Automobile Ins Group 18415 48,775 14.5
Cincinnati Ins Cos 4294 189,763 6.2
Lancer Ins Group 18670 10,198 11.2
Preserver Group 18228 5,512 7.5
Merchants Ins Group 590 8,485 5.2
Mid-Continent Ins Co (PA) 4127 695 3.4
OK Farm Bureau Group 4100 60,508 27.7
Titus Group 288 1,193 13.0
Tokio Marine & Nichido Fire 2927 11,175 3.7
USB Group
NV Gen Ins Co 11692 5,198 26.3
Sequoia Ins Group 18684 4,523 5.5
Goodville Mutual Cas Co 3143 9,310 16.5
Allstate Ins Group 8 7.759 29.0
2005 10-Year
Combined Combined
Group / Company Name Ratio Ratio
IFA Ins Co 58.85 63.26
Pacific Indemnity Ins Co 49.28 68.00
Selective Ins Group 76.02 69.27
State-Wide Ins Co 66.99 69.82
Adriatic Ins Co 22.42 74.82
Tri-State Consumer Ins Group 73.90 75.20
Standard Cas Co 85.92 76.37
Amer European Group 80.40 77.03
Palisades Group 71.33 77.30
Eveready Ins Co 56.65 77.87
Chubb Group of Ins Cos 75.19 79.43
Utica Natl Ins Group 72.44 80.58
United Automobile Ins Group 64.55 81.62
Cincinnati Ins Cos 78.07 82.19
Lancer Ins Group 75.14 83.30
Preserver Group 77.70 83.35
Merchants Ins Group 84.58 83.39
Mid-Continent Ins Co (PA) 51.57 84.35
OK Farm Bureau Group 75.53 84.74
Titus Group 114.72 84.97
Tokio Marine & Nichido Fire 81.12 85.29
USB Group
NV Gen Ins Co 81.18 85.76
Sequoia Ins Group 77.11 86.08
Goodville Mutual Cas Co 73.13 86.16
Allstate Ins Group 82.22 86.62
Source: A.M. Best Co.
Homeowners Multiple Peril Ranked by 10-Year
Combined Ratio
($ Thousands)
Net
Premiums Total
Written Premiums
Group / Company Name AMB# 2005 2005
Nipponkoa Group 18551 30 0.1
Columbia Lloyds Ins Co 11069 3,613 50.4
United America Indemnity Group 18669 363 0.1
Otsego Mutual Fire Ins Co 03152 3,448 85.3
Tri-State Consumer Ins Group 18582 1,894 6.9
Bear River Mutual Ins Co 00209 18,069 25.6
FM Global Group 18502 1,168 0.0
Seguros Triple-S, Inc 00370 54 0.1
Haulers Ins Co, Inc 10743 50 0.2
State-Wide Ins Co 00869 696 1.7
Integrand Assur Co 03534 342 0.6
Founders Ins Group 18597 2,461 2.6
NLASCO Group 18536 68,057 58.2
Island Ins Group 00535 10,451 9.3
Colonial Ins Group 05740 3,741 51.9
Southland Lloyds Ins Co 11084 1,213 64.9
Progressive Ins Group 00780 27,473 0.2
Toa Reins Co of America 01730 2,079 0.8
Wellington Ins Co 10826 4,388 67.6
Berkshire Hathaway Ins 00811 40,253 0.2
Automobile Club of MO Group 18095 40,915 19.1
Mercury Gen Group 04524 193,777 6.6
IAT Ins Group 18567 3,748 0.9
Western Mutual Ins Group 04066 48,400 93.9
Natl Financial Group 18660 240 0.4
2005 10-Year
Combined Combined
Group / Company Name Ratio Ratio
Nipponkoa Group 40.71 21.29
Columbia Lloyds Ins Co 6.88 26.36
United America Indemnity Group 69.93 52.32
Otsego Mutual Fire Ins Co 74.32 65.22
Tri-State Consumer Ins Group 69.75 71.11
Bear River Mutual Ins Co 61.29 72.41
FM Global Group 109.90 74.38
Seguros Triple-S, Inc 102.14 78.62
Haulers Ins Co, Inc 48.37 79.23
State-Wide Ins Co 75.83 81.95
Integrand Assur Co 82.93 81.96
Founders Ins Group 72.86 82.27
NLASCO Group 84.16 82.52
Island Ins Group 98.86 85.11
Colonial Ins Group 63.49 85.36
Southland Lloyds Ins Co 87.04 85.71
Progressive Ins Group 73.93 86.10
Toa Reins Co of America 149.81 86.45
Wellington Ins Co 90.31 86.74
Berkshire Hathaway Ins 57.73 87.08
Automobile Club of MO Group 91.00 87.17
Mercury Gen Group 84.91 87.19
IAT Ins Group 102.11 87.61
Western Mutual Ins Group 77.66 88.05
Natl Financial Group 77.85 88.32
Source: A.M. Best Co.
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