OVERLAND PARK, Kan.--(BUSINESS WIRE)--Feb. 21, 2002--The General Electric Company (GE), parent company of GE Employers Reinsurance Corporation, was named America's most admired company for the fifth year in a row in a survey conducted by FORTUNE magazine.
The magazine cites GE's depth of management strength and its consistent performance as reasons for its continuing place atop the list of America's most admired companies. "FORTUNE's Most Admired seem to perform at their best when the heat is on, consistently delivering to shareholders, customers and employees," FORTUNE writes in its March 4 edition.
To produce the FORTUNE list, 10,000 executives, directors, and securities analysts are asked to rate companies in their own industries based on eight criteria: Innovation, Financial Soundness, Employee Talent, Use of Corporate Assets, Long-Term Investment Value, Social Responsibility, Quality of Management, and Quality of Products/Services. To come up with the top ten list, respondents select the ten companies they admire most in any industry.
FORTUNE's results mirror the results of surveys of top business executives by the Financial Times, which has named GE the World's Most Respected company four straight years.
GE (NYSE:GE) is a diversified technology, services and manufacturing company with a commitment to achieving customer success. GE operates in more than 100 countries and employs approximately 310,000 people worldwide.
GE Employers Reinsurance Corporation is the world's fourth largest reinsurer and a premier global provider of risk solutions. ERC serves clients in property and casualty, life, healthcare and professional liability insurance and reinsurance and other risk management services. ERC has earned the highest ratings in the industry. More information on ERC is available at www.ercgroup.com.
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CONTACT:
Employers Reinsurance Corporation, Overland Park
Elaina Boudreau, 913/676-5147