OWINGS MILLS, Md., Aug. 13, 2015 /PRNewswire/ -- Inc. magazine today ranked Westminster American Insurance Company #3180 on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino's Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.
"While there are 67 organizations listed in the Insurance Industry, I am extremely proud that Westminster American is one of only three property and casualty insurance companies to make this year's list of the 5,000 fastest growing companies," says Westminster American Insurance Company President & CEO John Scott, Jr. "With the continued support help of our agents and employees, we hope to make the list for many more years to come."
The 2015 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. is the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year growth of 490%. The Inc. 5000's aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/profile/westminster-american-insurance-company.
"The story of this year's Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top," says Inc. President and Editor-In-Chief Eric Schurenberg. "You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don't achieve that kind of success by accident."
Founded in 1869, Westminster American Insurance Company is a Mid-Atlantic commercial property and casualty insurance company specializing in apartments, office buildings, condominium associations, retail centers and mixed-use buildings. Since 2005, Westminster American's direct written premium has increased 235% and policyholder surplus has grown by more than 150%.
SOURCE Westminster American Insurance Company