August 9, 2024
Texas Mutual named to Ward's 50 as top performer
Texas Mutual was recently named as one of Ward’s 50 top-performing property-casualty insurers out of nearly 2,900 U.S.-based insurance companies. This is the 12th consecutive year we’ve received the recognition, which is a testament to our continued stability and financial strength. We’ve been able to maintain our position as the state’s market leader in workers’ compensation insurance thanks to the hard work of our employees who are dedicated to providing exceptional service to our policyholders, agents and injured employees.
How we’re evaluated
The Ward’s 50 list is developed by Ward Group, a subsidiary of Aon, which is a global professional services firm for risk, retirement and health solutions. Ward Group identifies top performers that have achieved superior performance over a five-year period (2019-2023) while passing stringent safety and consistency benchmarks. These benchmarks include:
- A minimum of $50 million in both surplus and premiums each year
- Net income for at least four of the last five years
- Compound annual premium growth between -10% and 40%
Ward Group also evaluates the performance and financial stability of each company to ensure they have the potential for continued growth, while maintaining strong capital positions and underwriting results. Ward Group is the leading provider of benchmarking and best practice services for insurance companies and is a trusted source within the industry.
We’re proud to have earned this award, which acknowledges our commitment to remaining a reliable partner to Texas businesses and caring for employees who rely on us. We take our responsibility seriously and we’re thankful for our policyholders and agent partners who continue to choose Texas Mutual as their insurer for workers’ comp.