PITTSBURGH, July 24, 2014 /PRNewswire/ -- HM Life Insurance Company, a member company of HM Insurance Group, has been named to Ward's 50® Top Performing Insurance Companies for 2014. This is the sixth consecutive year that HM has been ranked in this elite group selected from nearly 800 life-health companies nationally.
"We are pleased to be recognized again for our financial stability," Matt Rhenish, president and chief operating officer, said. "Clients and business partners can have confidence in HM's financial strength as they look to us to provide coverage solutions in a changing marketplace."
Recognition by Ward Group requires passing safety and consistency tests that tie to equity, assets, total revenue, growth in revenue and growth in surplus. It is an important objective of Ward's 50® to compare the select group's performance as a group with the rest of the industry. And in addition to achieving greater levels of income returns, the Ward's 50® group also outperformed the industry in surplus growth and net premium growth. Those in Ward's 50® also continue to achieve lower expense ratios.
Ward Group is an Aon Hewitt company and leading provider of operational and compensation benchmarking and best practices services for insurance companies.
Headquartered in Pittsburgh, HM Insurance Group is a recognized leader in risk management. HM's product portfolio features employer stop loss and managed care reinsurance. The company also offers workers' compensation in Pennsylvania.
HM Life Insurance Company, HM Life Insurance Company of New York, HM Casualty Insurance Company and Highmark Casualty Insurance Company have "A-" (Excellent) ratings from A.M. Best Company. Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia and maintains 23 regional sales offices across the country. For more information about HM Insurance Group, visit www.hmig.com.
SOURCE HM Insurance Group