Highlighting Acuity's 2014 financial results is a 94.9 combined ratio, nearly 5 points better than the insurer’s competitors in the property/casualty industry. For 15 consecutive years, ACUITY has scored higher than competitors in surplus and sales growth, produced a more profitable combined ratio, and achieved excellence across many other areas of financial and operational performance.
“Acuity is a source of strength for agents and policyholders because of the year-in, year-out consistency that we bring to the field,” said Ben Salzmann, Acuity President and CEO.
Acuity's 2014 Financial Statement showed other areas of continued strength as well. Assets under management increased by nearly 12 percent to reach an all-time high of $3.45 billion, and policyholders’ surplus increased to $1.46 billion, also an all-time record.
2014 marked the fourth straight year that Acuity's combined ratio finished below 100, and the company has averaged a 95.4 combined since 2000. Additionally, Acuity maintained a leverage ratio under 1:1 for the sixth consecutive year, finishing 2014 with an incredibly strong 0.9:1.0.
In 2014, Acuity also combined financial performance with sales growth that was balanced between personal and commercial lines. Acuity increased its total written premium by 10.6 percent and has averaged double-digit annual sales growth since 2000.
“Acuity has built a foundation of financial strength that positions us for continued growth and profitability into 2015 and beyond,” Salzmann said.
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