Founded in 1997 by CEO Luke Yeransian, FirstComp’s mission is to provide superior service in workers’ compensation insurance for small and midsize ‘Main Street’ businesses through local insurance agents nationwide.
Since its inception, the company has grown to a group of more than 8,300 independent insurance agencies in 31 states. Started with three employees, FirstComp has grown to more than 550 employees in four regional offices serving over 110,000 business customers around the U.S.
Some company highlights include:
Named most profitable commercial lines insurer by National Underwriter magazine
Insures one of every 450 workers in the U.S.
Inc. Magazine Top 500 Fastest Growing Companies four consecutive years
Top 5 Best Places to Work in Omaha two years in a row
FirstComp’s management team is comprised of leaders with relevant experience in workers’ compensation and non-insurance industries on a national and international level. Each member brings innovation, vision and executive business strategy to form a collaborative environment. As a group, our leaders are committed to developing and delivering technology, service and workplace satisfaction that far surpass industry standards.
FirstComp currently has a total asset base of approximately $180 million. Reinsurance is provided by the following: Berkley (rated A+, Superior), Ace (rated A+, Superior), General Re (rated A+, Superior) and Swiss Re (rated A, Excellent). In addition to these AM Best ratings, all companies are also rated A+ or better by S&P.