Acuity has been named to the 2021 Ward’s 50 list of top-performing property-casualty companies, putting the company in the top 2 percent of insurers nationwide. Acuity has earned a spot on the Ward’s 50 every year since 2000, making the company one of only three insurers, and the only regional carrier, to be named to the list for 22 consecutive years. Ward Group is the leading provider of benchmarking and best practices studies for insurance companies.
“We recognize Acuity for outstanding financial results in the areas of safety, consistency, and performance over a five-year period,” said Jeff Rieder, partner and head of Ward Group. “In selecting the Ward’s 50, we analyze the financial performance of nearly 2,900 property-casualty insurance companies, identifying the 50 companies that pass financial stability requirements and demonstrate the ability to grow while maintaining strong capital positions and underwriting results.”
“Acuity’s continued strength, stability, and consistency are essential to all the families, businesses, agents, and employees who count on us,” said Ben Salzmann, Acuity President and CEO. “We are honored to be recognized by Ward Group for 22 consecutive years as a top performer, which demonstrates our ability to fulfil our promises to customers and grow our business.”
Acuity continues to outperform the industry. Over the past two decades, the insurer’s rate of sales and surplus growth has been more than double the industry average. In 2020, Acuity added the most new business in its 95-year history and has already surpassed that amount in 2021. The company’s combined ratio, more than 12 points better than the industry average in 2020, has been under 100 for 10 consecutive years, meaning it has generated an underwriting profit in each of those years.
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.