Richmond, VA, July 10, 2009 --(PR.com
)-- Virginia Farm Bureau Insurance today announces it has been included in the Ward’s 50, a prestigious listing of the top property and casualty insurance companies in the United States.
Each year, the Ward Group – a leader of benchmarking and best practices for the insurance industry – analyzes the financial performance of more than 3,100 property-casualty insurance companies and 800 life-health insurance firms based in the United States. The top 50 in each category are chosen based on safety, consistency and performance over a five-year period (2004-08). The Ward’s 50 property-casualty insurance companies produced a 14.4-percent return on average equity from 2004 to 2008 compared to 9.9 percent for the property-casualty industry overall.
Virginia Farm Bureau, which has 148,000 members in more than 100 county offices across Virginia, appears on the Ward’s 50 property-casualty list for the first time and is the only Virginia-based honoree.
“To be named one of the 50 top P&C companies in the country is a tremendous honor,” said Richard Rivers, executive vice president and general manager of Virginia Farm Bureau Mutual Insurance Company. “It is a tribute to all of our employees for their unwavering dedication and resourcefulness.”
For a complete list of the 2009 Ward’s 50 companies, visit www.wardinc.com