FRANKENMUTH, Mich., July 19, 2019 /PRNewswire-PRWeb/ -- Frankenmuth Insurance is pleased to announce that the company has once again been named a Ward's 50® Top Performer for 2019. This coveted placement is based on the company's outstanding results from the previous five years. To earn a spot on the list, Frankenmuth Insurance was judged to be among the top 2 percent of property-casualty insurance companies in terms of financial performance.
The company has now received this honor three years in a row, and for the 17th time overall. Frankenmuth Insurance was previously included in the Ward's 50 from 1991 (the first year Ward conducted the analysis) through 2000, and again from 2003 through 2006. Ward Group, a part of AON Hewitt, is the leader of benchmarking and best practice services for the insurance industry and has been conducting this analysis for the past 29 years.
Coupled with our "A" (Excellent) rating from A.M. Best, this accolade validates the strength, stability and reliability of the company. For policyholders, this also ensures greater peace of mind that their insurance company will be there for them when they need it most.
"We are thrilled to be recognized among the most financially stable and consistent insurance companies in the nation for the third consecutive year," said John S. Benson, Chairman of the Board and Chief Executive Officer. "This incredible honor was made possible by our dedicated team of employees and professional independent agency partners who work hard each day to make Frankenmuth Insurance the insurer of choice."
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Frankenmuth Insurance has been providing peace of mind for families and businesses for 150 years. Because insurance is both complicated and critical to people's lives, Frankenmuth Insurance works exclusively with 550 independent agents to provide business, home, auto and life insurance policies. With more than 700 employees, the company is headquartered in Frankenmuth, Michigan, and offers insurance products in 15 states. Frankenmuth Insurance is financially sound, with more than $1.5 billion in assets. The company has an A.M. Best rating of "A" (Excellent) and is a top performer on the Ward's 50® list. For more information, visit us at http://www.fmins.com.
SOURCE Frankenmuth Insurance
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