Napa, California—July 16, 2014—The Doctors Company, the nation’s largest physician-owned medical malpractice insurer, has been honored as a 2014 Ward’s 50® top-performing company.
This marks the sixth consecutive year that The Doctors Company has achieved Ward’s 50 status, and this is the 13th award overall. Ward Group, an insurance industry management consulting firm and provider of benchmarking and best practices services, chose the top performers after analyzing the performance of over 3,000 property-casualty insurance companies based in the U.S. over a five-year period (2009–2013).
“Ward Group recognizes The Doctors Company for achieving outstanding financial results in the areas of safety, consistency, and performance,” said Jeffrey J. Rieder, partner and head of Ward Group. “From 2009 through 2013, The Doctors Company demonstrated its ability to consistently generate outstanding results.”
“We are pleased that Ward Group has again recognized The Doctors Company as one of the top insurance companies in the United States,” said Richard E. Anderson, MD, FACP, chairman and CEO of The Doctors Company. “This award is a testament to our financial strength, which gives us the power to protect and defend our 75,000 members now and in the future, and to our mission-driven commitment to our members.”
“Our financial performance over the past five years is a result of both organic growth and strategic acquisitions,” Dr. Anderson said. “Our conservative fiscal approach and conscientious investment strategies have yielded a member surplus of $1.7 billion—the largest of any physician-owned medical liability insurer in the nation—and $4.3 billion in assets.”
About The Doctors Company
Founded by doctors for doctors in 1976, The Doctors Company (www.thedoctors.com) is relentlessly committed to advancing, protecting, and rewarding the practice of good medicine. The Doctors Company is the nation’s largest physician-owned medical malpractice insurer, with 75,000 members and $4.3 billion in assets, and is rated A by A.M. Best Company and Fitch Ratings.
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About Ward Group
Ward Group, a McLagan/Aon Hewitt Company, is the leading provider of benchmarking and best practices studies for insurance companies. The firm analyzes staff levels, compensation, expenses, and business practices for all areas of insurance company operations and helps companies to measure results, optimize performance, and improve profitability. For more information about Ward Group and the Ward Research Center, visit www.wardinc.com.