Acuity has been named to the 2017 Ward’s 50 list of top-performing property-casualty companies, putting the company in the top 2 percent of insurers nationwide. Acuity has earned a spot on the Ward’s 50 every year since 2000, making the company one of only three insurers to be named to the list for 18 consecutive years.
“In selecting the Ward’s 50, we identified companies that pass financial stability requirements and measure their ability to grow while maintaining strong capital positions and underwriting results,” said Jeff Rieder, partner and head of Ward Group.
“Acuity is honored to be recognized by Ward Group for 18 consecutive years as a top performer,” said Ben Salzmann, Acuity President and CEO. “Being a top performer among insurers reflects our consistency of strength that matters to everyone who depends on us—our employees, independent agents, and the individuals, families, and businesses who are our customers.”
Ward Group is the leading provider of benchmarking and best practices studies for insurance companies. To develop its annual list of the 50 top-performing insurers, Ward Group analyzes the financial performance of nearly 3,000 property-casualty insurance companies domiciled in the United States based on objective data and quality measures. Top performers have passed all safety and consistency tests and achieved superior performance over a five-year period.
Year after year, Acuity has outperformed the industry. The company did so again in 2016, growing its revenue 3.5 percent while recording a combined ratio of just 92.9, nearly 8 points better than the industry. Acuity also recorded 12.4 percent surplus growth, compared to just 0.8 percent for the industry, and exceeded competitors in sales growth. Acuity has achieved a combined ratio under 100 for six straight years and is on track to continue its record of financial and operational success in 2017.