Ward Group has named Forethought Life Insurance Company to the 2013 Ward’s 50 list of top performing life and health insurers. This is Forethought’s fourth consecutive year to be named to the list by Ward Group, an Aon Hewitt company and the leading provider of benchmarking and best practice services for insurance companies.
“Earning Ward’s 50 designation is an honor we take great pride in. It objectively validates that we are responsibly managing our business for profitability and growth, reinforcing our ability to keep the promises we make through our products,” said John Graf, Chairman, President and CEO of Forethought Financial Group, Inc.
Forethought Life Insurance Company, a subsidiary of Forethought Financial Group, Inc., sells innovative annuity and life insurance products to help senior Americans overcome key financial challenges. The company’s 2013 Ward’s 50 designation comes as Forethought continues to successfully execute on a growth strategy, particularly in the annuity marketplace, with expanded product lines and distribution.
In naming the recipients annually, Ward Group adheres to an objective methodology based on financial and performance metrics analyzing nearly 800 companies over five consecutive years. The 2013 award recognizes performance for the period from 2008 through 2012.
Insurance companies are evaluated and must pass minimum thresholds of assets and return levels, among other metrics, to be considered for the Ward’s 50 designation. Each company must also 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 (property-casualty)
Adjusted net income in at least four of the last five years (life-health)
Compound annual growth in premiums between -10% and +40%
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