Fortune Magazine’s list of the 50 Most Admired Companies only includes one insurer, Berkshire Hathaway, at No. 7. However, the news outlet ranked insurers separately in their own categories: “Property and Casualty,” “Life and Health” and “Health Care: Insurance and Managed Care.”
For this “definitive report card on corporate reputations,” Fortune partnered with researcher Hay Group. After selecting approximately 1,400 companies — the Fortune 1,000, non-U.S. companies in Fortune's Global 500, and the top foreign companies operating in the United States — Hay sorted the companies by industry and selected the 15 largest for each international industry and the 10 largest for each U.S. industry, totaling 698 companies. To create the 58 industry lists, Hay asked executives, directors, and analysts to rate companies in their own industry on nine criteria:
innovation, people management, use of assets, social responsibility, management quality, financial soundness, long-term investment, product quality and global competitiveness. A company's score must rank in the top half of its industry survey.
From a list of companies that ranked in the top 25% in last year's surveys and those that finished in the top 20% of their industry, 3,855 executives, directors and securities analysts were asked to select the 10 companies they admired most.
Results are as follows:
Insurance:
Property and Casualty:
Berkshire Hathaway
Zurich Financial Services
Travelers Cos.
Munich Re Group
Allianz
Tokio Marine Holdings
State Farm Insurance
Liberty Mutual Insurance Group
Hartford Financial Services Group
Nationwide
Allstate
MS&AD Insurance Group Holdings
Mapfre Group
American International Group
People's Insurance Co. of China
Life and Health:
Prudential Financial
Aflac
New York Life
Northwestern Mutual
TIAA-CREF
MetLife
AXA
Massachusetts Mutual Life Insurance
Prudential plc
Aegon
Nippon Life Insurance
Cathay Life Insurance
Manulife Financial
Legal & General Group
China Life Insurance
Health Care: Insurance and Managed Care:
UnitedHealth Group
Aetna
Humana
WellPoint
Cigna
Amerigroup
Health Net
Coventry Health Care
WellCare Health Plans
Universal American
— Carrie Burns is editor-in-chief of
