Fidelity Security Life Insurance Company (FSL) has been named to the 2019 list of Top 50 life-health insurance companies selected for “outstanding financial results in areas of safety, consistency and performance over a five-year period.”
The list, known as the Ward’s 50, was released by Aon plc, a leading global professional services firm that operates the Ward’s 50 benchmark group. The group analyzes more than 700 U.S.-based life-health insurers. To make the list, each company must pass minimum thresholds for safety and consistency as well as excel in financial performance measurements over five years, 2014 to 2018.
The Ward’s 50 has been produced since 1991 and is widely recognized for its prestige in the insurance industry. FSL has been named to the list for the seventh time in the last 11 years.
“On several financial performance measures, FSL not only surpassed the industry average but also the average of the other Ward’s 50 companies,” said FSL President Richard F. Jones. “By making the list on a consistent basis, it shows how all our associates perform at a high level daily to keep FSL competitive, with a reputation for speed to market while creating value for our policyholders and partners.”
The Ward’s 50 achievement coincides with FSL’s 50th anniversary in business. The company also received a rating upgrade in June to A (Excellent) from A.M. Best Company, a leading analyst of financial strength for U.S. insurance companies.
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“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.
Fidelity Security Life is a specialty insurance underwriter based in Kansas City, Missouri, with depth of expertise in life, disability, supplemental health, annuity, and stop-loss. The Company manages more than $1 billion in assets, collects more than $1 billion in total premium annually, and boasts capital & surplus exceeding $250 million.
FSL was established in 1969 and today is wholly owned and managed by second and third-generation members of the Jones family.