Pinnacol makes list of top insurance companies

Phil Kalin

Pinnacol Assurance once again ranks among the best-performing property and casualty insurance companies in the United States.

The Colorado-based worker’s compensation insurance provider is included on the Ward’s 50 list for the fourth consecutive year.

“We are proud of our performance, especially the past year, and to have earned this coveted position on the Ward 50 once again,” said Phil Kalin, president and chief executive officer of Pinnacol Assurance.

“Our commitment to the businesses and workers of Colorado coupled with our strong and disciplined stewardship of our policyholders premium help keep Pinnacol stable today and in the future,” Kalin said.

To be eligible for inclusion on the Ward’s 50, companies must pass primary safety and consistency tests that take into account 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 and compound annual growth in premiums between negative 10 percent and positive 40 percent.

 Companies then are assessed for their five-year average for return on average equity, return on average assets, return on total revenue and combined ratio as well as
five-year growth in surplus.

The largest workers compensation insurer in Colorado, Pinnacol Assurance has provided insurance and other resources to businesses for 100 years. 

For additional information, visit the website located at www.pinnacol.com.