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Acuity’s 2020 Financial Results Highlight Strength, Consistency
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February 2, 2021

Acuity released its 2020 financial results, which demonstrated the insurer’s continued strength, stability, and growth.

 

In 2020, Acuity grew its policyholders’ surplus—essential for fulfilling its promise of financial protection to customers—to nearly $3 billion, finishing the year at $2.929 billion (GAAP). Additionally, assets climbed nearly 13 percent to $5.8 billion (GAAP).

 

“Throughout the challenges of COVID-19, Acuity didn’t skip a beat,” said Ben Salzmann, Acuity President and CEO. “When the world paused, Acuity didn’t. We were always open for business, serving customers and writing new business. And despite providing millions of dollars in rate relief to personal auto customers impacted by COVID-19, we emerged from 2020 stronger than ever.”

 

In 2020, Acuity also combined outstanding financial performance with strong revenue growth. With a company record-setting $319.9 million in new business in 2020, Acuity reached an all-time high in written premium in 2020 of $1.781 billion, an increase of more than $122 million over 2019.

 

“We will continue to build on our foundation of financial strength as we deliver consistent performance our customers depend on,” Salzmann said. “We are starting 2021 with remarkable momentum and look forward to the years ahead.”

 

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.


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