SNL Financial Ranks 2010’s Best Performing Midsized Commercial Insurance Companies

Share Article

Medical malpractice writers placed in 8 of the 20 slots; First Medical Insurance Co. ranks 1st

SNL's Rankings of the Top 20 Midsize Commerical Writers for 2010

First Medical finished first among the 255 qualifying entities with a focus on insuring commercial entities and had a statutory surplus of between $50.0 million and $1.0 billion at the end of 2010.

SNL Financial's performance ranking analysis shows that several medical professional liability writers were among the best performing insurance companies in 2010. Of the top 20 companies, eight were medical malpractice-focused as determined by SNL. Only one workers' compensation company cracked the top 20 due to lackluster underwriting results for the workers' comp industry.

Best Performing Midsized Commercial Insurance Companies of 2010

1.    First Medical Insurance Co.
2.    American Coastal Insurance Co.
3.    American Empire Surplus Lines Insurance
4.    North American Casualty Co.
5.    Toyota Motor Ins. Co.
6.    AMEX Assurance Co.
7.    Amer Excess Ins. Exchange (RRG)
8.    American Road Insurance Co.
9.    MDAdvantage Insurance Co. of NJ
10.    Ophthalmic Mutl Ins. Co. (A RRG)
11.    Pfd Physicians Med RRG Inc.
12.    State Volunteer Mutual Ins. Co.
13.    USIC Group Inc.
14.    HANYS Member Hospitals Self
15.    Courtesy Insurance Co.
16.    Farmers Mutl Hail Ins. Co. of IA
17.    AIG Glbl Trade & Political
18.    Medical Mutual Ins. Co. of NC
19.    Dryden Mutual Insurance Co.
20.    Yosemite Insurance Co.

The highest-ranking company in SNL's midsize P&C analysis was First Medical Insurance Co. (A RRG). First Medical finished first among the 255 qualifying entities with a focus on insuring commercial entities and had a statutory surplus of between $50.0 million and $1.0 billion at the end of 2010.

How SNL Determined Rankings:

SNL calculated the mean among all of the companies for each of 13 selected metrics. SNL then calculated each company's deviation from each of the 13 means. The deviation from the mean was standardized using a Z-test so the different metrics chosen could be compared. The metrics were then categorized, and a weighted average was applied to each category. Returns, both on assets and equity, and profitability ratios relative to premium were the highest weighted categories at 35% and 30%, respectively. To minimize the effect of outliers, SNL set a range limiting the amount of deviation recorded for each company and also excluded financial guaranty insurers to prevent their recent experience from skewing the distribution of the metrics.

To review a detailed description of the methodology used for this ranking, contact Christina Twomey at ctwomey(at)snl(dot)com.

About SNL Financial

SNL Financial is a leading provider of financial information on more than 3,300 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit

SNL Financial
One SNL Plaza
Charlottesville, VA

Other office locations:
Ahmedabad, India; Arlington, Va.; Boston, Mass.; Boulder, Colo.; Islamabad, Pakistan; Jersey City, N.J.; London; Monterey, Calif.; New York; Richmond, Va.
Visit SNL in the Media to learn more about resources available to members of the media.

SNL Financial on LinkedIn:
Follow Us on Twitter:!/SNLFinancial/snl-corporate-directory-2


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Christina Twomey
Visit website