Annually, Best’s Review magazine publishes a list of the industry’s top actuarial firms. Miller & Newberg is pleased to report that in the survey released in the magazine’s December 2021 issue, we were listed as the fourth largest annuity and life insurance actuarial firm in the U.S. and Canada based on the magnitude of our client companies’ reserves, and the third largest firm based on the number of client companies.
The Best’s Review ranking is based on objective, verifiable criteria: A.M. Best reviews the annual statement of every insurance carrier in the industry that files its annual statement with them to determine who is each company’s appointed actuary, i.e., the actuary who provides the annual statutory actuarial opinion regarding the insurer’s policy and claim reserves.
The survey reveals what we know about ourselves at Miller & Newberg, that we go well beyond helping to fill out our clients’ financial statements. We are strategic partners in helping our client companies find ways to grow profitably.
From the report, compared to the previous year’s report:
- Only about half of the top 25 firms had their clients’ total reserves grow since the prior survey. Miller & Newberg was one of those firms.
- Only five of the top 25 firms added a new client company since the prior survey. Miller & Newberg was one of those firms.
- Only three of the top 25 firms have at least a dozen client companies with their client companies averaging over $250 million in reserves. Miller & Newberg was one of those firms.
As Eric Newberg, President & CEO, says, “Our clients choose us because of the expertise we have that comes from working with many companies, but also because they get a level of service and partnership that makes each client feel like they are our only client.”
When your company is ready to grow, give us a call. We would be thrilled to help you.
Here is a link to the report: https://news.ambest.com/articlecontent.aspx?refnum=314792 </a