AM Best
Ward's 50

Financial Highlights

Ratings Assigned 
A.M. Best Rating A+ (Superior) Financial Size Category - FSC IX
Moody's Financial Strength Rating A1 (Stable)
Standard and Poor's Claims Paying Ability Rating AA (Very Strong)
Ward Group Property Casualty Ward's 50

Rating determinations made by rating agencies are subject to change from time to time. While the Company attempts to show accurate information, it cannot assure the reliability of ratings referred to herein and assumes no obligation to monitor the ratings of any rating agency or to immediately incorporate any rating changes applicable to the Company.


2009 Financial Summary (in thousands) 
Direct Written Premium $310,988
Net Premium Written $278,265
Net Premium Earned $294,485
Net Losses and Loss Expenses Incurred $198,540
Net Investment Income $81,403
Realized Capital Gains $30,656
Net Income after Taxes $62,629
Admitted Assets $1,212,441
Liabilities $834,879
Policyholders' Surplus $377,561
Underwriting Ratios 
Losses and loss expenses incurred to net premiums earned 67.4%
Underwriting expenses incurred to net premiums written 33.5%
Policyholders' dividends to net premiums earned 2.2%
Composite ratio 103.1%
Net premiums written to policyholders' surplus 0.7:1
Loss and loss expense reserves to policyholders' surplus 1.8:1

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