Acuity announced that in 2024 the company surpassed $3 billion in annual revenue for the first time in its 99-year history. The insurer’s growth rate of nearly 20% generated more than a half billion-dollar increase in topline revenue, an all-time record.

Acuity’s 2024 revenue increase was paired with the highest policy count growth in the insurer’s history with gains in both personal and commercial lines.

In personal lines, the company grew over 34% to surpass $820 million in revenue, which included an all-time high of nearly $184 million in new business written premium. In commercial lines, Acuity wrote nearly $470 million in new business premium, helping fuel a total commercial written premium increase of over 15% from 2023. The insurer’s strategy of increasing its workers’ compensation business also saw strong results, with new business written premium growth for the line of over 50%.

Importantly, Acuity’s increase in revenue continues to be supported by financial strength. The insurer’s A+ financial strength ratings were reaffirmed by both AM Best and Standard & Poor’s in 2024.

Acuity’s expansion reflects the company’s intentional strategy and positions the property-casualty carrier to serve even more individuals, families, and businesses across its 32-state operating territory. In anticipation of continued growth, Acuity is investing in its future, including the planned hiring of over 200 employees in 2025.

Acuity Insurance is a leading provider of insurance solutions, delivering exceptional coverage and customer service to individuals and businesses in 32 states. With over $3 billion in annual written premium, the insurer manages assets exceeding $7 billion. Headquartered in Sheboygan, Wisconsin, Acuity employs over 1,700 people.