Of the nearly 3,000 property and casualty carriers nationwide, Acuity was ranked in the top 26. Only 1% of all companies obtain that status.
In an effort to create an industry-wide, objective definition for super regional carriers, the Insurance Journal and Demotech created a standardized classification system. According to Demotech, "Super regional insurers are critically important to the insurance industry, and of particular importance to their agents, producers, and insureds. These companies are typically strong, stable markets that work hard for their agents, insureds, and their reinsurers."
"Acuity's inclusion on the list of super regionals is a testament to the efforts and commitment of our employees and agents in sustaining our growth and momentum," said Ben Salzmann, Acuity President and CEO. "We are pleased to again be recognized as a strong, stable, and growing market for agents and the individuals, families, and businesses we protect against loss."
Acuity's strong growth propelled its inclusion on the list, and the company's sustained growth has kept it ranked consistently as a super regional. In 2014, Acuity reported an overall gain of nearly $120 million in total written premium, a 10.6 percent increase over the prior year. By the end of 2015, Acuity will have added more than $500 million to its top-line revenue over 48 months.
Robust growth throughout all of Acuity's operating regions and lines of business has defined the insurer's performance. In 2014, Acuity wrote a record $220 million in new business, driven by increases in both personal and commercial lines. In personal lines, Acuity marked an incredible 18th consecutive year of positive premium growth by writing $66 million in new business. In commercial lines, the company added $154 million in new business premium while achieving a quote success ratio of 41 percent, also an all-time record.
As a result of Acuity's continued strong growth, the company is building a 240,000-square-foot addition to its corporate headquarters to accommodate its more than 1,000 employees and prepare for further regional expansion.
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