ACUITY IN THE NEWS
July 16, 2013
ACUITY has been named to the Ward’s 50 Benchmark Group of top-performing insurance companies, putting the company in the top 2 percent of insurers nationwide. ACUITY has been included in the Ward’s 50 list for 14 consecutive years and less than a handful of other companies have accomplished this feat.
Annually, Ward Group analyzes the financial performance of over 3,000 property-casualty insurance companies domiciled in the United States. The top 50 performers are companies that have excelled at balancing safety, consistency, and performance.
“Excellent returns and strong operating results helped make ACUITY a top-performing insurance organization. ACUITY has demonstrated the ability to maintain outstanding results over the long term,” said Jeff Rieder, Partner, Ward Group.
“It's immensely gratifying to be recognized as one of the top performers, out of more than 3,000 insurers nationwide, for 14 straight years," said Ben Salzmann, ACUITY President and CEO. "What is also incredible about our uninterrupted ranking on the Ward's 50 is that, just 15 years ago, we had never been ranked at all."
ACUITY's first inclusion on the Ward's 50 in 2000 marked the beginning of a period of growth, profitability, and consistency of performance that is unparalleled in the insurer's nearly 90-year history. Year after year, ACUITY has outperformed the industry. In 2012, the company grew its revenue over 17 percent while recording a combined ratio of just 94.2 and surpassing $1 billion in policyholder's surplus. In 2013, ACUITY surpassed the $1 billion premium mark and is on the doorstep of reaching $3 billion in assets.
“Being part of the Ward's 50 is a testament to our operational consistency and efficiency. It is also an achievement that all our employees and independent agents can be proud of," said Laura Conklin, Vice President - Business Consulting.
ACUITY, headquartered in Sheboygan, Wisconsin, is a property and casualty insurer that operates in 20 states, generates over $1 billion in revenue through 1,000 independent agencies, and manages nearly $3 billion in assets. Named the Best Medium-Sized Place to Work For in America by the Great Place to Work Institute, ACUITY employs over 950 people.