PITTSBURGH, July 28, 2015 /PRNewswire/ -- HM Life Insurance Company, a member company of HM Insurance Group, has been named to Ward's 50® Top Performing Insurance Companies for 2015. This is the seventh consecutive year that the national stop loss carrier has been among this elite group that was selected from nearly 800 life-health companies across the country.
"We are pleased to be named again to this well respected list," Matt Rhenish, president and chief operating officer at HM Insurance Group, said. "With this recognition of our financial stability, clients and business partners can have confidence in HM's ability to protect self-funded groups from the costs associated with catastrophic claims in this ever-changing health benefits market."
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 their performance as a group with the rest of the industry. And in addition to achieving greater levels of income returns, the Ward's 50® benchmarks outperformed the industry in surplus growth and net premium growth. Those named to Ward's 50® also continue to achieve lower expense ratios.
Ward Group is a division of McLagan | Aon Hewitt and a 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