Indiana Farmers Insurance Named a Top 50 Insurance Industry Company

July 17, 2018
 
INDIANAPOLIS – Indiana Farmers Insurance was recognized today as a member of Ward’s 50 Companies. Ward’s 50 is a group of property-casualty companies recognized by Ward Benchmarking for superior performance across a number of key safety and consistency measurements and performance tests for the previous five years.

“We are proud to be selected to the prestigious Ward’s 50. The award criteria highlight our financial strength and performance which underscore our promise of protection and service to our policyholders,” said Kim Smith, Indiana Farmers Insurance CEO and president.

“Our five-year combined ratio of just under 95% reflects our strong underwriting discipline. In addition, direct written premiums have grown at a 6.4% compounded annual rate over the past five years,” said Jennifer Pressley, CFO and senior vice president. “We are honored the Ward Group recognized our outstanding performance.” 

Each year, Ward analyzes the financial performance of nearly 3,000 property-casualty insurance companies domiciled in the U.S. to identify the Ward 50 top performers. In selecting the Ward’s 50, the Ward Group identifies companies that pass financial stability requirements and demonstrate potential to grow while maintaining strong capital positions and underwriting results.
 
About Indiana Farmers Mutual Insurance Company
Indiana Farmers Insurance is a Midwest-based company that writes auto, home, farm, and business insurance. Providing insurance solutions to our members has been our only mission since 1877. We are different than many insurance companies in that we are a mutual company with no stockholders or investors. We exist only to serve our policyholders. For more information visit indianafarmers.com.

About Ward Benchmarking
Ward is the leading provider of benchmarking and best practices studies for the insurance industry. Their 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. For more information visit ward.aon.com.

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