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Policyholders' surplus at Acuity grew to a record-high $1 billion in 2011, a 12.6 percent increase over the prior year, compared with a decrease in surplus at peer companies, the Sheboygan insurance company reported.
Acuity's average surplus growth during the past decade is nearly three times that of industry averages, the company said. Additionally, Acuity recorded a leverage ratio of written premium-to-surplus of 0.92:1, the third consecutive year this ratio has been below 1:1.
Acuity is a property and casualty insurer that operates in 20 states, generates $840 million in revenue through 1,000 independent agencies, and manages $2.4 billion in assets.
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