Since 2010 Goodville Mutual, based in New Holland, Pennsylvania, has been recognized by the Ward Group as one of the top 50 performing property and casualty insurance companies in the nation.
The Ward Group, a financial and management consulting firm specializing in the insurance industry, analyzes nearly 3,000 property-casualty insurance firms annually. The ranking is based on rigorous tests in financial safety and consistency over a five year period including compound growth in premiums, surplus and a premium minimum of $50 million among other considerations. Ward's 50 companies achieve superior returns on equity, growth in revenue, operating costs and efficiency compared to the rest of the industry.
In response to Ward's recognition Goodville Mutual president David C. Gautsche said, 'We are pleased that Goodville Mutual continues to achieve the Ward's Top 50 Property and Casualty companies financial performance designation. Year after year our goal at Goodville Mutual is to provide the service, offer the competitive products and generate the profits that earn the trust of our policyholders. The focus on long-term stability and strong financial performance is what gains us recognition as a Top 50 performer.' Gautsche attributed Goodville Mutual's success to 'annual renewal of our commitment to disciplined adherence to sound financial management and customer service practices over the long-term'.