Acuity assets reach $5B for first time in history
Acuity announced that for the first time in its history, it has surpassed $5 billion in assets . The insurer has increased its assets nearly five-fold in 16 years, including adding $1 billion in under three years.
“Thank you to all our employees and independent agents. The only way we could have achieved this milestone was through a combination of everyone’s dedicated efforts.” – Ben Salzmann, Acuity President and CEO.
The amount of assets Acuity manages is an important indicator of the insurer’s continued ability to meet obligations to policyholders.
“Strength in assets assures policyholders and agents that Acuity is based on a solid, secure capital foundation. That gives them added trust in Acuity to place their business with us, which generates additional revenue.” – Wendy Schuler, Acuity Vice President – Finance.
Acuity’s growth is also a validation of its business strategy, which has produced strong gains over the past 20 years in written premium, policy count, net income, and policyholders’ surplus. Acuity has doubled its top-line revenue in the past eight years and is ranked as the 60th largest of 2,600 property-casualty insurance companies in the nation.
“We have the agents, employees, and strategic plan in place to sustain our momentum. Our continued strong growth shows we are pricing both fairly and competitively, which helps independent agents write more business and allows us to serve as a source of financial security for more customers.” – Salzmann.