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Home > BizTimes Daily > Archives > February 15, 2008
Acuity caps record year
Published February 15, 2008 - BizTimes Daily
Acuity Insurance in Sheboygan reported a record financial year in 2007.
In 2007, Acuity's policyholders' surplus grew to an all-time high of $761 million, up 11.4 percent from the previous year and more than 40 higher than the industry standard, the company said.
The company's combined loss and expense ratio, where 100.0 is considered break-even for operations, and lower ratios are more profitable, was 97.5.
"In a highly competitive marketplace, Acuity once again managed to grow and do so profitably,” said Ben Salzmann, president and chief executive officer of the company. "Acuity's results in 2007 show we continue to build the foundation of strength and stability that is paramount to our policyholders and independent agents."
Acuity is a property and casualty insurer that operates in 17 states, writes $810 million in premium through more than 800 independent agencies and manages more than $2 billion in assets.
