“In the past 36 months alone, Acuity added over $400 million to our top-line revenue,” said Acuity President and CEO Ben Salzmann.
Acuity achieved robust growth across all lines of business and throughout the company’s operating territories. In 2014, the insurer 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 has added more than 200 staff members in the past 36 months and passed the 1,000-employee mark in 2014. Acuity continued work in 2014 on a 240,000-square-foot addition to its corporate headquarters to accommodate expansion.
Acuity is poised to continue its growth in 2015 due to the company’s competitive strengths and market positioning. In commercial lines, the national economic rebound favors two of Acuity's key sectors, construction and trucking, which make up over 60 percent of its commercial book. In personal lines, growth continues to be driven by higher-premium package policies, which run higher retention levels, as well as by geographic expansion and new sales initiatives, such as Acuity's innovative lead generation program for independent agents.
“When Acuity grows, everyone wins—our employees, agents, and policyholders,” said Salzmann. “We are incredibly thankful to everyone for their effort in helping us achieve another record-setting year, and we look forward to continued growth and success in 2015 and beyond.”
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