Merchants' Performance Earns Industry Recognition

July 8, 2025

We are proud to announce that Merchants Bonding Company™ has once again earned a spot on the prestigious Ward’s 50 list of top-performing insurance companies for 2025. This recognition places us among the top 2% of nearly 3,000 property-casualty insurance companies analyzed by Ward Benchmarking, a business unit of Aon and the industry leader in benchmarking and best practices. 

This honor reflects our exceptional financial performance driven by disciplined underwriting, responsible expense management, and a steadfast commitment to profitable growth. Companies on the Ward’s 50 list consistently outperform the industry with regard to premium growth, expense ratios, surplus growth, and return on surplus.

Merchants' Chief Financial Officer & Chief Risk Officer Elisabeth Sandersfeld shared, “It’s difficult to earn a place on this list even once—being recognized for 6 consecutive years, as Merchants has, is truly remarkable. We are incredibly proud of this achievement!"

Explore the full Ward's 50 list of Top Performing Property and Casualty Insurers