Fueled in part by a record-setting $277.5 million in new business in 2019, Acuity reached an all-time high in written premium in 2019 of $1.66 billion, an increase of more than $115 million over 2018.
“We’ve now achieved 10 straight years of positive revenue growth. And, for the past 20 years, Acuity has consistently grown more than twice as fast as the insurance industry,” said Acuity President and CEO Ben Salzmann. “Our growth shows that Acuity is trusted wholeheartedly by more individuals, families, and businesses than ever before to protect what matters. It also shows that we are a strong, stable market for independent agents.”
In just the past eight years, Acuity has doubled its top-line revenue. With Acuity’s unprecedented expansion came increased job opportunity. The insurer has hired over 900 employees over the past five years and nearly 200 in 2019 alone.
Acuity has achieved balanced growth across personal and commercial lines and across its entire operating territory. In personal lines, Acuity reached nearly $410 million in written premium and achieved an incredible 23rd consecutive year of growth, and retention remained at an all-time high. In commercial lines, the insurer set a record for written premium at $1.25 billion and for quote requests at over 87,000.
“Thank you to our dedicated agents and employees who provide the driving force behind our growth,” Salzmann said. “We are starting 2020 with remarkable momentum and look forward to the years ahead.”
Acuity Insurance, headquartered in Sheboygan, Wisconsin, insures over 100,000 businesses, including 300,000 commercial vehicles, and nearly a half million homes and private passenger autos across 28 states. Rated A+ by A.M. Best and S&P, Acuity employs over 1,400 people.