BATON ROUGE (July 18, 2021) –At LWCC, we are committed to celebrating and elevating our great state, but today we share our own success, having been named to Ward’s 50 group of top performing companies for the 16th time. This year, LWCC was recognized as a top performer, having achieved superior performance and passing all safety and consistency screens over the analyzed five-year period (2016-2020). As a top performer, we can ensure our policyholders that they are partnering with one of the best workers’ compensation carriers in the country.
Ward, subsidiary of Aon, is the leading provider of benchmarking and best practices studies for the insurance industry, analyzing staff levels, compensation, business practices, and expenses for all areas of company operations and helping insurers measure results compared to peer groups, optimize performance, and improve profitability.
“The COVID-19 pandemic impacted 2020 financial results in various ways for companies, with some benefiting from lower losses but most were challenged to meet premium growth objectives. In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results,” said Jeff Rieder, partner and head of Ward benchmarking at Aon.
To develop the Ward’s 50® annual list, Aon analyzes the financial performance of nearly 2,900 property-casualty insurance companies and nearly 700 life-health insurance companies domiciled in the United States, identifying the top performers in each segment based on objective data and subjective quality measures. Each company must pass primary safety and consistency tests, including:
- Surplus and premiums of at least $50 million for each of the five years analyzed
- Net income in at least four of the last five years
- Compound annual growth in premiums between -10 percent and 40 percent
Since 1992, we have focused on the unique needs of Louisiana businesses and have continued to meet the needs and expand offerings to our policyholders. Our goal to help our state thrive begins with our ability to provide excellence in execution in workers’ comp insurance, and providing safety, security, and stability to businesses and injured workers.
Click here for the full list of the 2021 Ward’s 50® honorees and to learn more about the Ward’s 50® certification methodology.
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