Acuity announced that in 2021 the company achieved its highest growth rate in 8 years as well as the highest dollar increase in written premium in its 96-year history. Acuity also surpassed both the $3 billion surplus and $6 billion asset milestones (GAAP) and reached nearly $2 billion in written premium in 2021.
“Acuity’s continued profitable growth provides the resources and stability we need to fulfill our common purpose of caring for our family of employees, agents, and customers while staring down risk,” said Ben Salzmann, Acuity President and CEO. “Growth enables us to provide peace of mind for even more customers, serve our agents, and create even more career opportunities for our people.”
Acuity grew 12.2% in 2021 and achieved the largest revenue increase in its history with $217 million in top-line growth. The insurer has grown seven-fold over the past 22 years and has more than doubled its top-line revenue in just the past 9 years. With Acuity’s expansion came increased job opportunity: the insurer hired 144 employees in 2021 and plans to hire 130 in 2022.
Acuity achieved strong, profitable growth across all 29 states in which it does business, fueled by gains in both personal and commercial lines. In personal lines, the company set new records for both renewal and annual policy retention. In commercial lines, Acuity issued over 31,000 new policies and 103,000 quotes, both of which are all-time records.
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 1,500 people.