Acuity announced that for the first time in its history it has surpassed $6 billion in assets (GAAP). The insurer has doubled its assets in the past eight years, adding $1 billion in the past year alone.

“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,” said 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,” said Wendy Schuler, Acuity Vice President-Finance.

Acuity’s growth is also a validation of its business strategy, which has produced strong gains in written premium, policy count, net income, and policyholders’ surplus over the past 20 years. During that time, the insurer has grown more than five-fold and in just the past eight years has nearly doubled its top-line revenue.

"We have the agents, employees, and strategic plan in place to sustain our momentum," Salzmann said. "Our continued strong growth shows that 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."

Acuity Insurance, headquartered in Sheboygan, Wisconsin, insures over 125,000 businesses, including 300,000 commercial vehicles, and nearly a half million homes and private passenger autos across 29 states. Rated A+ by A.M. Best and S&P, Acuity employs over 1,400 people.