Acuity announced that it is named to the 2020 list of Super Regional Property-Casualty (P&C) Insurers, an annual ranking prepared by the Insurance Journal and research firm Demotech, Inc. of the leading multi-state P&C carriers in the nation. Acuity is ranked at number 11.
“Super Regional Insurers are critically important to the insurance industry, and of particular importance to their agents, producers, and insureds. These companies are typically strong, stable markets that work hard for their agents, insureds, and their reinsurers,” said Barry Koestler II, Demotech Chief Ratings Officer.
“For 14 years, Insurance Journal has worked with Demotech Inc. to exclusively publish its ranking of the nation’s top Super Regional P&C Insurers. Super Regional Insurers are an important partner for agents and brokers in helping deliver insurance products to consumers every day,” said Editor-in-Chief Andrea Wells.
Acuity has been named to the list every year since its inception in 2007 and has always ranked in the top 20.
“Being ranked the number 11 Super Regional in the nation is a testament to the efforts and commitment of our employees and agents in sustaining our growth and momentum,” said Ben Salzmann, Acuity President and CEO. “We are pleased to again be recognized as a strong, stable, and growing market for agents and the individuals, families, and businesses we protect.”
Acuity’s sustained growth has kept it ranked consistently as a Super Regional P&C Insurer. In 2019 alone, Acuity reported $278 million in new business premium, propelling the insurer to an all-time high revenue of $1.658 billion, an increase of 7.5 percent over 2018. For the past 20 years, Acuity has consistently grown faster than the insurance industry.
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.