Cumberland Insurance Group Recognized as Top 100 Company in New Jersey

September 1, 2010

CUMBERLAND COUNTY, NJ: The Cumberland Insurance Group has been recognized by NJ BIZ Magazine as one of the Top 100 Privately Held Companies in New Jersey. The announcement came as part of an August special issue entitled “Top 100 Privately Help Companies - People, Power, Money.” The story features an interview with recently retired Cumberland Insurance Group President and CEO Robert P. Brady, who continues to serve on the Company’s Board of Directors.

According to NJ BIZ Editor Sharon Waters, “The entire issue is dedicated to recognizing the companies and leaders keeping their roots and revenues firmly planted in New Jersey. CEO’s from the state’s top companies were interviewed and provide a firsthand account of how they are grappling with challenges in 2010, setting goals for the months ahead, and motivating staff.”

“Companies on the NJ BIZ Top 100 were ranked by 2009 revenue, which placed Cumberland Insurance at number 68 with nearly $109,000,000,” Waters said. “We also broke the list down by key industries, geography, and other notable characteristics which provide a detailed look at the diversity of the state’s economy.”

“We are honored to be included in such a select list of New Jersey companies,” said Cumberland Insurance Group Board Chairman Leo T. Hogan. “Cumberland Insurance was founded 166 years ago on the principles of doing what is right for the customer, delivering real value, and meeting our commitments. We continue to live by these values every day. This acknowledgement is a testament to the hard work of our entire team of insurance professionals.”

“We recognize that our customers frequently have complex insurance needs and yet they desire simple, tailored programs and competitive features,” said Cumberland Insurance Group President and CEO Paul J. Ritter, III. “We have been able to meet these needs over the years through a defined vision and sustained financial results. As we navigate the current market conditions and look to the future, we will continue to deliver the products and services that have made The Cumberland Insurance Group a winning solution for our agents and policyholders since 1844.”

The Cumberland Insurance Group currently serves 120,000 policyholders through a network of 400 independent agents. In 2009, the Company had Total Admitted Assets of $323,285,582 and a Policyholders’ Surplus of $133,442,366. For more information about The Cumberland Insurance Group or to find an agent near you, please visit www.cumberlandgroup.com.

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