Zenith National Insurance Corp. · Woodland Hills, CA United States · (NYSE: ZNT)
Company Description
Phone: 818-713-1000
Fax: 818-710-1860
Rankings
- S&P 600
More Companies in: Woodland Hills, California
More Companies in These Related Industries: Surety Insurance
View Zenith National Insurance Corp. Locations On A US Map
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This link will open in a new window Since workers' compensation claims typically mark a low point in a career, Zenith National Insurance aims to help folks get back up to their peak. Zenith National is the holding company for Zenith Insurance and ZNAT Insurance, which underwrite workers' compensation policies in 45 states and Washington, DC. The company has exited all other businesses, but maintains a portfolio of investments. Approximately 1,500 independent agents sell the firm's insurance products. Its largest market is California, but the company also maintains offices in Alabama, Florida, Illinois, North Carolina, Pennsylvania, and Texas. Zenith National has agreed to be acquired by Fairfax Financial . To read the full description, subscribe now.
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Zenith National Insurance Corp. Reports
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Key Zenith National Insurance Corp. Financials
| Company Type | Public - NYSE: ZNT Headquarters |
| Fiscal Year-End | December |
| 2009 Employees | 1,400 |
Zenith National Insurance Corp. Executives
18 executives listed for Zenith National Insurance Corp.'s Woodland Hills, CA location.
| Title | Name & Bio | Contact |
| Chairman and President; Chairman, Zenith Insurance | Stanley Zax | |
| SVP, CFO, and Treasurer; EVP, CFO, and Treasurer, Zenith Insurance | Kari Van Gundy | |
| EVP; President and COO Zenith Insurance Company | Janet Frank |
Competition
Competitive Landscape for Zenith National Insurance Corp.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Zenith National Insurance Corp. Competitors
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