For Immediate Release
July 22, 2020
Media Contact: Thomas Thamm
MONTPELIER, Vermont (July 22, 2020)— For the twelfth year in a row, Ward Group, the leading provider of benchmarking and best practices studies for insurance companies, has named Vermont Mutual Insurance Group® as one of the top 50 performing property and casualty insurers in the United States, placing the company in the top 2% of all P&C insurers countrywide. Headquartered in Montpelier, VT, Vermont Mutual has been in business since 1828 and provides comprehensive insurance solutions for home, business and auto, throughout the northeastern United States.
"We are very pleased to be named a Ward Top 50 company for the twelfth consecutive year" stated Vermont Mutual’s President & CEO, Dan Bridge. "It is a direct reflection of the hard work and dedication of the entire Vermont Mutual team. Thanks to their efforts, we have enjoyed strong financial results year after year, with 2019 being one of our best.” Bridge continued "It’s precisely these excellent results that have allowed us to not only weather the recent challenges brought on by the COVID-19 pandemic but to be able to dedicate over one million dollars in relief funds to those adversely affected by the pandemic."
Mark McDonnell, Executive Vice President and COO of Vermont Mutual, added “The Ward’s 50 designation is confirmation of our continued commitment to being a financially secure business for our policyholders, our independent agency partners and our employees. During these very uncertain times, that’s more important than ever and that has allowed us to continue to meet the needs of our customers.” McDonnell added “We’re pleased to share this recognition with our employees, agency partners and all of our business partners, whose combined efforts have earned us the Ward 50 designation now for 12 consecutive years.”
Every year Ward Group identifies the industry’s top insurance companies through a comprehensive financial analysis of approximately 3,000 U.S. property and casualty insurers. This is the 30th year Ward Group has conducted the analysis. The companies recognized by Ward Group have all passed safety and consistency screens and achieved superior performance over a five year period.
Vermont Mutual Insurance Group® is a trade name of Vermont Mutual Insurance Company, Northern Security Insurance Company, Inc. and Granite Mutual Insurance Company. Chartered in 1828, Vermont Mutual is one of the ten oldest mutual property/casualty insurers in the United States and provides coverage throughout New England and upstate New York. Through more than 400 independent agencies, the Group insures over 315,000 policyholders with a direct written premium of more than $500,000,000. The group is rated “A+ Superior” by A. M. Best and a Ward’s Top 50 performing property/casualty insurer in the U.S. for the past twelve consecutive years.