October 13, 2011
Amalgamated Life Insurance Company, a leading provider of life and health insurance has been named to the 2011 “Ward’s 50” group of the top performing companies. The Ward Group (Cincinnati, OH) is a trusted leader of benchmarking and best practices services to the insurance industry. The firm analyzes staff levels, business practices and expenses for all areas of insurance operations to help companies measure results, optimize performance and be more profitable.
According to Ward Group President Jeffrey J. Rieder, “Based on our annual analysis of the life- health industry, Amalgamated Life Insurance Company is recognized for achieving outstanding financial results in the areas of safety, consistency and performance over a five year period (2006-2011).”
In being named to this prestigious list of 50 companies, Amalgamated Life was evaluated against nearly 800 life and health insurance companies domiciled in the United States and identified as one of the top performers in the life-health segment.
Amalgamated Life President and Chief Executive Officer David Walsh commented, “We are proud of this distinction which acknowledges the commitment our company has to high standards of service quality and consistently sound operational practices. This commitment, in turn, enables us to continually perform at the top of our game.”
Amalgamated Life is a member of the Amalgamated Family of Companies that provides synergistic products and services. They include a property and casualty brokerage, a third party administrator, a medical management firm, a computer outsourcing company and a printing and graphics company. Amalgamated Life and its affiliates generate over $900 million in annual premium, premium equivalencies and fee for services. Founded in 1943, Amalgamated Life has a long history of serving diverse businesses, unions, and health and welfare funds.